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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Charlie Munger, the legendary investor and longtime partner of Warren Buffett, has passed away at the age of 99. Munger was known for his successful career in investing and his outspoken criticism of cryptocurrency. He believed that cryptocurrencies were a poor investment and often referred to them as “noxious poison” and “turds.” Munger’s views on crypto were unwavering, even in the face of market rebounds and the collapse of major exchanges. He advocated for banning cryptocurrencies outright, similar to China’s approach in 2021. Munger’s passing is not only a loss for the business world but also for his sharp mind and blunt voice.