‘The investment banking profession will sell ‘sh*t’ as long as ‘sh*t’ can be sold:’ Charlie Munger on SPACs

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, comments on the recent short squeeze frenzy.

Video Transcript

CHARLIE MUNGER: Well, I don't participate at all. And I think the world would be better off without them. I think this kind of crazy speculation-- and enterprise is not even found or picked out yet-- is a sign of an irritating bubble. It's just that the investment banking profession will sell shit as long as shit can be sold.