Munger to Goldbugs: ‘You’re Jerks’ (U Michigan 2010)

Munger said he likes good stocks instead of government bonds and he “doesn’t have the slightest interest” in investing in gold, a hot commodity.

“I like working and understanding what works and what doesn’t in human systems,” he said. “To me, 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.”

Here is the full 2 hour interview with Becky Quick:

Hat tip MarketBeat

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