This is a piece of meeting notes done by Mohnish Pabrai a few years ago. He talked with Charlie Munger. Today we are experiencing what Charlie Munger discussed a few years ago.
"Again mentioned that risk of a derivatives linked meltdown possibilities were fairly high. Said that the dual deficits, huge consumer borrowing, huge mortgage borrowing, all the hedge fund leverage and derivatives etc. created a system that's very vulnerable."
Read the complete notes
"Again mentioned that risk of a derivatives linked meltdown possibilities were fairly high. Said that the dual deficits, huge consumer borrowing, huge mortgage borrowing, all the hedge fund leverage and derivatives etc. created a system that's very vulnerable."
Read the complete notes
