Berkshire Hathaway's Charlie Munger says markets 'crazier' now than late 90s

[rcjordan]

"current stock markets and company valuations out of touch with reality"

https://www.marketwatch.com/story/berkshire-hathaways-charlie-munger-says-markets-crazier-now-than-they-were-in-the-late-1990s-11638525537

[Brad]

> reality

Even the reality is crazier than most of the past.

[rcjordan]

I'm still 50% cash.  The other 50% is managed (and supposed to focus on tax-exempts, but I need to check).  I'd have done a helluva lot better if I'd jumped in on this bubble  ---but at my age, I'm not supposed to take on the risk.

What I can't ever figure is how much quantitative easing is going to pump the market.