Charlie Munger continues to detach further and further from reality. Downplaying the importance of AI is the next thing on his list of things that makes it clear to me that he has lost “it”. Warren and Charlie were pioneers in value investing, and I have learned a lot from them, but it’s clear to me that they are very wrong about where we are heading. Fortunately for them, they don’t have to be right at 90+ years old.

Can’t wait to hear #[0]​ take on what comes out of that world. Having lived so deeply in both worlds of traditional value investing and now Bitcoin, his insights are usually spot on.