Munger and Buffett (some) Nuggets today via Bloomberg:

• A question about oil production, and whether the U.S. should be doing something differently.
• Munger takes this one. He says he likes having big reserves of oil -- he’d prefer to pay for oil from the Middle East and conserve domestic supplies. He concedes it’s a rare view. “It doesn’t bother me, I just think they’re all wrong.”

• Buffett: “I essentially believe people are now behaving somewhat more tribal than they have for a long time. People are always going to be partisan, they’re going to have religious beliefs... but it gets pretty tribal.”
• “I’ve been tribal. We’re confessing today,” he said. “It’s fun to participate in, but it can get very dangerous when one group of people say 2+2 is five, and another group says 2+2 is three.”

• “It’s stupid because its likely to go to zero, it’s evil because it undermines the Federal Reserve system,” Munger says. “It makes us look foolish compared to the communist leader in China,” who banned Bitcoin.
• Munger says he has a slightly different way of looking at it.  “In my life I try and avoid things that are stupid, evil and make me look bad in comparison with somebody else. And Bitcoin does all three.”