May 4, 2011

Charlie Munger speaks out against his own investment in GS

Wall Street to some extent is deliberately trying to profit from sin, and I think it’s a mistake. Why should an investment banker go to Greece to teach them how to pretend their finances are different from what they really are? Why isn’t that a perfectly disgusting bit of human behavior?

~Charlie Munger, Vice-Chairman, Berkshire Hathaway, "Wall Street Bankers Share Blame for Europe Crisis, Berkshire’s Munger Says", Bloomberg, May 2, 2011

No comments: