Munger’s Ghostly Secrets to Bitcoin Fortune Revealed! 😱

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Although he offers no fresh proclamations from his lavish afterlife penthouse, Mr. Munger has once more graced our headlines this week—perhaps by telepathy?—demonstrating, yet again, his undead devotion to a life (and afterlife!) of diligence and sterling investment advice. 🧟‍♂️💼

In a CNBC retelling of yore, the venerable Munger warned that if one cannot endure a bear market’s savage roar, one wholly merits the mediocre morsels that shall be served. Such is the menu of the faint-hearted. 🍽️🐻

Bitcoin Investors See Opportunity Ahead

Buffett’s partner in (financial) crime dished out another golden nugget of wisdom:

“Real opportunities that come to you are few… Most people just get a few times when they can make a huge difference by seizing a huge activity.”

Legions of modern-day speculators claim this so-called “huge activity” is known as Bitcoin. The faithful cry out:

₿uy the Future

— Michael Saylor (@saylor) April 10, 2025

Though Munger gave crypto the side-eye from his mortal coil, Bitcoiners might still adopt his logical and no-nonsense approach to tinkering with all things fintech. With BTC’s once-soaring price now as deflated as a week-old party balloon, Mr. Munger’s witty counsel seems as fresh as the day it was minted. 🎈

1. Sorting Out Market ‘FOMO’ and ‘FUD’

When the market sways more dramatically than a debutante’s dance card, social media can incite both FOMO (Festooned Overblown Misgivings) and FUD (Fussing Unnecessarily, Darling). Crypto chatter is, after all, a melodious cacophony—where anyone might yell “Moon!” or “Bust!” at a moment’s notice. 🌝🚀

Munger, rather unsentimentally, offered this advice:

“I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.”

In other words, your emotionally charged social posts that conjure illusions of fortuity or catastrophe with no hint of rational thought are best scrolled past with the grace of a catwalk model. 😼

“I don’t trust bitcoin because it’s too vOlaTiLe”

Meanwhile, the stock market in the span of 24h:

— Carla (@HodlingCarla) April 9, 2025

Berkshire Hathaway soared above the common flock precisely because Buffett and Munger deemed Wall Street the original social media: a noisy parlor where sophisticates meander in perpetual speculation. 🗯️ Surrounded by speculation, these two gents tucked themselves away, eyes glued to books and data, like studious nuns in a library. Munger once declared:

“In my whole life, I have known no wise people… who didn’t read all the time… You’d be amazed at how much Warren reads, at how much I read.”

They soared above reckless hype by calmly crunching figures, cool-headedly analyzing facts, and ignoring the general mania of the crowd. It’s practically the stuff of Victorian romance—if said romance were about rising stock prices. 💹💖

2. Bitcoin’s Price in This Bear Market

A third of Bitcoin’s January high vanished in a flurry of frightened sellers who scattered like startled pigeons upon hearing of unseemly tariffs and other ominous murmurings. Meanwhile, Australian crypto exchange GroveX, in its genteel update, sniffed out “uncertainty at the moment.” You don’t say! 👀

Accordingly, the masses sold both BTC and stocks, as quickly as one might flee a dreadful soirée. Munger, though, would likely point to the banality of copying one’s neighbors, suggesting that if you wish to be spectacular, one must behave quite differently indeed:

“Mimicking the herd invites regression to the mean (merely average performance)… Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.”

If you desire better results, run the numbers, dear investor, and observe your beloved graphs with the devotion of an artist gazing upon the Mona Lisa. 🖼️📊

“Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It’s called the graph.”

#Bitcoin is going to infinity.

— Sriram | theya.us (@sriramHODL) December 30, 2023

3. Bitcoin Macro Hedge Fundamentals

“I didn’t get to where I am by going after mediocre opportunities.”

Indeed, the whirling world of cryptocurrency is anything but mediocre. Its adoption rate has soared like a flamboyant hot-air balloon drifting above the humdrum city rooftops. And the faith of high-profile investors—who cradle their BTC through bull and bear alike—follows a lesson straight from the Munger library:

“The big money is not in the buying and the selling but in the waiting.”

Munger’s largest triumphs were in financial ventures, which, ironically, might give him something in common with Bitcoin: they’re all about money’s great waltz. 💰💃

4. Altseason and Picking Altcoin ‘Gems’

Bear markets beckon like a saucy invitation, tempting you to rummage the altcoin bazaar for potential trinkets and treasures. But Munger would caution a measured appetite: Focus on what you can handle, else you swirl into a carnival of chaos. 🎡

Just as Saylor championed a single-minded Bitcoin strategy, Munger lauded mastering even the most apparent fundamentals until one’s knowledge shines like polished silver:

“It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.”

Yet there’s room for curiosity about some of these fetching altcoins. One need only recall Munger’s silent nod to exploration, while remaining steadfast in one’s own sensible research:

“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.”

PS: Some say Warren Buffett’s bon mots are the perfect rockets for Bitcoin’s flight to the moon—though I suspect the moon might be a tad overcrowded these days. 🚀🌕

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2025-04-13 00:28