Ideal money

Payden & Rygel | 06 November 2018

Ideal money. Charlie Munger called it rat poison. Warren Buffett called it rat poison squared. Jamie Dimon called it a fraud. Bob Schiller, a man who should know, called it a financial bubble. And Howard Marks said they are "not real". If there was a wheeties box for great investors and financial luminaries, these men would be on it. What are they all talking about? They’re talking about bitcoin.

We disagree. Bitcoin is the most important financial innovation perhaps of all time. And it ...