Charlie Munger on SPACs: 'I think the world would be better off without them'

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, shares his thoughts on SPACs.

Video Transcript

CHARLIE MUNGER: I don't participate at all, and I think the world would be better off without them. I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble.