Video Link: https://youtu.be/d5E8Pyt0f-w
In this episode, Charlie Munger was asked would it be a better idea to jump into equities or gold?
In this episode, you’ll learn:
Why Charlie Munger don't invest in gold?
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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.