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Here's What Charlie Munger Just Said About SPACs

Lou Whiteman, The Motley Fool
·2 min read
Here's What Charlie Munger Just Said About SPACs

Legendary investor and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) vice chairman Charlie Munger is no fan of special purpose acquisition companies (SPACs), the hottest trend on Wall Street for bringing young companies public. "I think it must end badly, but I don't know when," the 97-year-old Munger said about SPACs, responding to a question at the Daily Journal Corporation (NASDAQ: DJCO) annual meeting in Los Angeles on Wednesday. SPACs have emerged as a popular way for companies to go public and avoid the normal road-show scrutiny that comes with a more traditional initial public offering.

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