![I see [Bitcoin as] an artificial speculative medium that people are buying just because they think they can sell it to somebody else at a higher price, even though it inherently has no intrinsic value. So, I regard the whole business as anti-social, stupid, immoral. [...] I regard the thing as a combination of dementia and immorality, and I think the people that are pushing it are a disgrace. (Charlie Munger)](https://cdn.quotesdtb.com/img/quotes_images_webp/50/charlie-munger-business-buying-303850.webp)
I see [Bitcoin as] an artificial speculative medium that people are buying just because they think they can sell it to somebody else at a higher price, even though it inherently has no intrinsic value. So, I regard the whole business as anti-social, stupid, immoral. [...] I regard the thing as a combination of dementia and immorality, and I think the people that are pushing it are a disgrace.
Charlie MungerRelated topics
business buying dementia disgrace immorality intrinsic see sell somebody stupid thing value higher bitcoinRelated quotes
Our treatment of both older people and children reflects the value we place on independence and autonomy. We do our best to make our children independent from birth. We leave them all alone in rooms with the lights out and tell them, ''Go to sleep by yourselves.'' And the old people we respect most are the ones who will fight for their independence, who would sooner starve to death than ask for help.
Margaret Mead
Except by name, Jean Paul Friedrich Richter is little known out of Germany. The only thing connected with him, we think, that has reached this country is his saying,imported by Madame de Stal, and thankfully pocketed by most newspaper critics,'Providence has given to the French the empire of the land to the English that of the sea to the Germans that ofthe air' Richter German humorist prose writer.
Thomas Carlyle
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Irwin Schiff
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Matt Ridley
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Albert Ellis