As a preoccupation, the financier considers the increase in investments in the so-called ‘special proposal acquisition companies’.
Charlie Munger, Vice President of the Berkshire Hathaway Tenancy Company, Warren Buffet, expressed his skepticism about the state of the stock market.
“Creo que debe terminar mal, pero no sé cuándo”, dijo este mércoles el inversor sobre elza continua de las bolsas, según The Sydney Morning Herald
As for the frenzy of the GameStop video game minor, compare the actions of the inverse little ones with azar puppets.
“It’s the type of thing that can succeed when it has a lot of people who use liquid value markets to pay as they go to pay for carriers”, compare Munger. At the same time, the campaign “feeds the people who receive commissions and other entrants from this new group of players”.
As a preoccupation, the financier considers the increase in investments in the companies called ‘special proposal acquisition companies’ (SPAC, by its flags in English), companies with no operating activities that issue only actions with the end of acquiring another company in the future. In 2020, 76,000 million dollars will be invested in such titles, just six more than in 2019.
“I believe that this type of speculation is located in companies that have not been found and the selection was made and is a signal of an irritating burrow”, says Munger.
Commenting on the state of the market, the multimillionaire gives advice to investors: “The first rule of a happy life is its expectant fears. It is one that can be easily organized. If expectations are small, it will be miserable all its lives”, deduction.