Current market environment 'crazier' than dotcom bust: Berkshire's Munger

The S&P 500 index has more than doubled since its pandemic lows of March last year, while Bitcoin is up over 1000%

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. 

Munger also said that he wished cryptocurrencies didn’t exist, and praised China for taking action to ban their use, according to the AFR. 

“I wish they’d never been invented,” he said. “And again I admire the Chinese, I