Charlie Munger Compares Bitcoin to Rat Poison [VIDEO]

Charlie Munger, Vice Chairman of Berkshire Hathaway and CEO Warren Buffett spoke with FOX Business Network’s (FBN) Liz Claman about the state of the economy. Buffett discussed interest rates and the housing market, saying, “Anybody who’s borrowing money should borrow out for a long period of time.  And if you ever want to get a mortgage, today is the day to get a mortgage.” Buffett also spoke about the newspaper business, saying “the trends are more adverse with the really big metropolitan papers,” and that his investment in papers is “not going to move the needle at Berkshire.” Charlie Munger took part in the interview and stated that he thought Bitcoin was like rat poison.

Video and an unofficial transcript from Warren Buffett and Charlie Munger below

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LIZ CLAMAN, FOX BUSINESS HOST:  Thank you so much, Stuart.  You know what, this is the sixth year that Warren Buffett has sat down in his lobby here at Kiewit Plaza in Omaha, Nebraska, to do this long-form interview with Fox Business,

and we welcome you once again, Warren.  Just after your shareholder weekend, thank you for being here.