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Charlie Munger Says Most Money Managers Are Little More Than Fortune Tellers, and Data Backs Him Up — 79% of Fund Managers Underperformed

Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., is not one to hold back his opinions. In the last couple of years, he has taken aim at Bitcoin, labeled stock brokerages as “gambling parlors,” and compared meme stock traders to heroin addicts. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families And in a recent interview with the Financial Times, he did not shy away from criti