Billionaire Charlie Munger, Warren Buffett’s right-hand man, isn’t shy about his dislike for venture capitalists. In 2014, the legendary investor told the Wall Street Journal that it would be better for venture capital funds to light their money “on fire with an acetylene torch” than to invest in internet startups. Now, at the age of 99, soon to turn 100 on Jan. 1, he has another message for venture capitalists: “To hell with them!”
Munger, vice chairman of the famed holding company Berkshire Hathaway and one of the world’s most successful investors, discussed his disdain of venture capitalists, as well as his obsession with Costco, the state of the global stock market, and the concept of investing versus gambling, on the podcast Acquired on Sunday.
