US STOCK MARKET IS OVERVALUED SAYS BILLIONAIRE CHARLIE MUNGER

Highlights

• Known as right-hand man of Warren Buffet, Munger is a vice chairman at Berkshire Hathaway conglomerate owned by Buffet

• This statement from Munger came during the annual meeting of the Daily Journal, which runs a small legal newspaper in California and also sells software to court systems

• The recent frenzy over the GameStop's stock was driven by small investors who were gambling ....