Warren Buffett's right-hand man has flagged a 'speculative frenzy' in the stock market and bemoaned the lack of bargains

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Charlie Munger told Daily Journal investors not to expect their shares to climb much further after they hit a record high in December.

Warren Buffett's longtime business partner has called out a"speculative frenzy" in the stock market.The Berkshire Hathaway vice-chairman also bemoaned the lack of bargains in the current market.Warren Buffett's right-hand man has flagged a"speculative frenzy" in the stock market and signaled he doesn't expect share prices to climb much higher.

Daily Journal's stock price hit a record high of $404 on December 31, after surging roughly 50% in the four weeks prior.

 

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