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Charlie Munger, the longtime enterprise companion of Warren Buffett, on Wednesday warned that the stock market bears indicators of a bubble, reflecting a “harmful” mentality amongst some investors to gamble on shares as they’d horse races. Munger, 97, lamented the current mania for GameStop Corp, by which amateur traders inspired one another online to buy the gaming retailer on platforms including Robinhood, and caught some hedge funds in a short squeeze. “A lot of them crowd in to buying shares on frenzy, regularly on credit, because they see that they are going up, and naturally that is a very dangerous way to make investments.”
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Modern Healthcare has been a go-to resource for healthcare executives since 1976. Next Up brings an accumulation of actionable wisdom to the next technology of healthcare leaders. Industry consultants, Modern Healthcare reporters, and coverage makers share … Read More