Collection: Charlie Munger - #195 'Don't Buy Gold'

[Transcript]

BECKY QUICK 00:00

He was asking about you mentioned the high tide, the low tide. Where are we right now? Would it be a better idea to jump into equities at this point or something like gold? Which by the way, hit a record high.

CHARLIE MUNGER 00:10

Oh, I don't have the slightest interest in gold.

I like working, understanding what works and what doesn't in human systems. To me that is my – That's not optional. That's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational.

I don't see how you become rational hoarding gold. Even if it works, you're a jerk. (Laughter)

So I advise you to get concerned with equities.

(Source: https://youtu.be/Pph3Bg8Pihg)

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[YAPSS Takeaway]

"If you're capable of understanding the world, you have a moral obligation to become rational." ~Charlie Munger