“Stock God” BuffettgoldPartner, Charlie Munger, vice chairman of Berkshire, praised on Wednesday (15th): “TSMC is the strongest semiconductor company on the surface.”
Aged 99, Menger has served as Berkshire’s vice chairman since 1978 and has worked closely with 92-year-old Warren Buffett. Meng Ge, who is also a director of the Daily Journal, praised at the company’s online annual meeting on Wednesday (15th): “TSMC is the strongest semiconductor company on the surface.”
In the fourth quarter of last year, Berkshire slashed 51.76 million TSMC ADRs, a reduction of 86%. TSMC ADR stock price (TSM-US) fell more than 5% to US$92.76 per share on Wednesday, with a discount rate of 7.09% and a conversion price of 562.22 yuan.
Menger remained bullish on TSMC’s earnings outlook on Wednesday, downplaying the risk of a possible Chinese invasion of Taiwan.
Menger mentioned: “The Chinese leader is a very smart and pragmatic person. The Russo-Ukrainian war was thought to be a piece of cake, but it was not. I don’t think Taiwan will be like this.”
“It helps the prospects for investing in China because you can buy better, stronger companies in China at cheaper valuations than in the U.S.,” Menger added.
Menger mentioned: “Compared with BYD, Tesla is dwarfed, and I am more willing to invest in BYD.”
Berkshire also sold heavily on financial stocks last quarter, but Menger has a different view, and he also reiterated his support forcryptocurrencylong-term criticism.
Menger said: “I may have a different idea from Buffett. The Daily Journal bought a lot of financial stocks on dips during the financial crisis, because for us, financial stocks are not that bad.”
The Daily Journal invests in many of the same companies as Berkshire, but on a much smaller scale than Berkshire, the Daily Journal owns Bank of America (BAC-US), U.S. Bank (USB-US) and Wells Fargo (WFC-US) and other stocks.
Recentlybitcoinand othercryptocurrencywarm up,bitcoinIt surged more than 11% on Wednesday, returning to the $24,000 mark.
Menger lashed out: “I think against me (cryptocurrency) positions are idiots, investors should steer clear of sales pitchescryptocurrencypeople, investcryptocurrencyTotally, absolutely insane and stupid gamble. “