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Berkshire's Munger says now "even crazier" than dotcom bust

Markets are valued far over their actual worth and cryptocurrencies should never have been invented, says Berkshire Hathaway's Charlie Munger.

Berkshire Hathaway Vice Chairman Charlie Munger | Photo: Nati Harnik/AP/Ritzau Scanpix

Berkshire Hathaway Inc.'s Charlie Munger told a conference Friday that markets are wildly overvalued in places and that the current environment is "even crazier" than the dotcom boom of the late 1990s that subsequently led to a bust. 

"I consider this era an even crazier era than the dotcom era," Munger, 97, said at the Sohn conference in Sydney, The Australian Financial Review reported. 

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