Buying a Non-Productive Asset

Berkshire Hathaway CEO Charlie Munger answers a question from Vlad Koptev in Ukraine. He says capitalization of cryptocurrencies approached that of Berkshire and Apple last year. The idea behind crypto will affect conventional banking groups where Berkshire is a shareholder, he adds. Kaufman: "I think that any time you buy a non-productive asset, you are counting on somebody else later on to buy it"