Warren Buffett's partner, Charlie Munger, known as the "brainman behind the scenes", died in California at the age of 99. As Warren Buffett's right-hand man, Munger and Warren Buffett co-founded Berkshire, the world's most successful investment firm, and jointly created a legend in the investment world. However, in recent years, Munger has been heavily criticized by young Americans, especially for his attitude towards Bitcoin. He has repeatedly called for a ban on Bitcoin trading in the United States, a view that has caused a siege among young Americans. They see Bitcoin as an effective way to break Wall Street's domination. Munger also had a conflict with Elon Musk, the richest man in the United States. Munger believes that BYD is a company worth investing in, while Musk is more bullish on Tesla. These battles of opinion have made Munger a "vampire" among young people, but he still sticks to his views and has full confidence in the Chinese market.
Over the years, BYD has achieved great success in the Chinese market. Munger first spotted BYD's potential and, with Warren Buffett's help, made tens of billions of dollars in profits on BYD. Berkshire has bought a large number of BYD**, and BYD's sales have been climbing over the past few years. Munger highly recognized BYD's hybrid route and was optimistic about the development prospects of the Chinese market. Although he couldn't drive a BYD car himself, he went out of his way to advertise BYD for free, comparing it to Tesla and considering BYD to be one of the greatest investments of his life.
Munger's questioning of Bitcoin sparked a siege among young Americans. In the United States, Bitcoin speculation has become a popular way for young people to chase wealth, believing that Bitcoin can deliver huge returns. However, Munger sees all virtual currencies as a game of "beating the drum and passing the flowers", and he does not agree with the value of Bitcoin. He believes that bitcoin cannot rise or fall and poses a threat to economic stability. In contrast, Munger prefers to invest his money in a stable dollar and leave more wealth for future generations. This point of view caused discontent and confusion among young people, who are full of confidence in the future of Bitcoin.
Munger's admiration for BYD has a deep background. Years ago, a Berkshire employee discovered a battery factory in Shenzhen. Although this battery factory does not have advanced equipment and automated assembly lines, the quality of the batteries produced by "hand rubbing" is comparable to that of Panasonic. The discovery piqued the interest of Berkshire, particularly Munger. He traveled to China in person and spoke with Wang Chuanfu, the owner of the battery factory. Munger was impressed by Wang's understanding of the battery industry and market analysis, describing Wang as "a combination of Edison and Welch" and attaching great importance to BYD's future development.
Over time, BYD's sales have continued to climb, proving Munger's vision. Munger not only bought a large number of BYD**, but also publicly expressed his high appreciation for BYD and regarded BYD as one of the greatest investments of his life. He has also said that BYD will beat Tesla in the competition. Although Munger himself does not know how to drive, he is very optimistic about BYD's hybrid technology and the development of the Chinese market.
Munger has always been optimistic about the Chinese market and believes that Chinese assets are currently undervalued. He believes that China has great advantages in technology and talents, and should be given more attention and optimism. He insisted that China and the United States should live in friendship and cooperate with each other, which is beneficial to both sides. Munger believes that some people are now singing about China not for real economic purposes, but for ulterior motives. A few months before his death, he remained optimistic about China's future and said that he would like to go to China to find new investment opportunities if his health allows.
Munger played an important role in the development of Warren Buffett's Berkshire, and his passing is a great loss for Buffett and the investment community. His investment vision and optimism about the Chinese market will continue to influence the development of Berkshire and China's capital markets.