Buffett & Munger’s Principles in a Tokenized World

If Warren Buffett and Charlie Munger were beginning their careers today, their views on digital assets might not have changed — but the context around their principles absolutely would. They built their legacy on understanding the structure beneath markets. And today, that structure is shifting in ways they never had to confront: tokenized assets, instant settlement, and global payment rails reshaping liquidity and client expectations.

Their principles still hold.
The financial rails beneath them have changed.

I. Opening Scene — Two Investors, One New Market

Imagine Buffett and Munger stepping onto a modern trading floor. Instead of paper tickets and analog systems, the screens display tokenized fund ledgers, real-time collateral monitors, blockchain-based settlement dashboards, and digital wallet movements.

On one screen: the Franklin OnChain U.S. Government Money Fund — the first U.S. mutual fund to record ownership on a public blockchain (Source #1).
Another screen shows stablecoin settlement volumes reaching trillions annually, including roughly $5 trillion in “organic” throughput measured by Visa and Artemis via Google Cloud (Source #3).

Across the globe, India’s UPI processed more than 131 billion payments last year, while Brazil’s Pix continues to scale nationwide (Sources #4–6). Meanwhile, the U.S. moved to T+1 settlement in 2024, compressing counterparty exposure and accelerating post-trade operations (Sources #7–9).

The world these two investors mastered hasn’t disappeared — but the rails have modernized.
And that modernization changes how advisors, institutions, and clients experience money.

II. What Still Holds — The Timeless Logic That Built Berkshire

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