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Warren Buffett Tries to Explain His Colorful Partner Charlie Munger

May 06, 2013 | About:
CanadianValue

Canadian Value

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In a little post-Berkshire annual meeting wrap-up Becky Quick gets the chance to ask Warren a few questions about some of Charlie Munger's more controversial comments from the meeting.

Comments such as:

- With respect to short-sellers Munger said, "We don't like trading agony for money."

- On Greece Munger said, "Letting Greece into the EU was sort of like serving rat poison as whipping cream."

- On bankers, "They are like heroin addicts."

- Munger called high-frequency trading "legalized front-running."

- The Fed policy hurts the savers because they are "convenient."

Warren as always handles Charlie's more controversial comments in a diplomatic fashion!







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Canadian Value
http://valueinvestorcanada.blogspot.com/

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