Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, gives his take on treasury securities, calling them a “bad investment.”

Video Transcript

CHARLIE MUNGER: Well, no, I don't think we have a bubble in treasury securities. I think they're a bad investment when interest rates are this low, and I never buy any, and neither does the Daily Journal.

But no, I don't think treasury securities are a big problem. I do think that we don't know what these artificial low interest rates are going to do, or how the economy is going to work in the future as governments print all this extra money. And the only opinion I have there is that I don't think anybody knows what's going to happen for sure.