In a rant of ever-increasing craziness, Charlie Munger, the 86-year-old Berkshire Hathaway billionaire who squirms at the thought of charitable giving, says everyday Joes should be grateful for the 2008 government bank bailouts.
Bloomberg reports that Munger, speaking at the University of Michigan last week, said that people who’re suffering in the Read More
If the world’s philanthropists really want to benefit humanity, they will bring more Costcos into the world, in the humble opinion of Costco board member and Warren Buffett business partner Charles Munger.
Speaking at a University of Michigan event this week, Munger said “I believe Costco does more for civilization than the Rockefeller Read More
Wonderful news from octogenarian billionaire investor Warren Buffett: The Oracle of Omaha does not see any double-dip recession in the U.S.’s future.
“I am a huge bull on this country,” Buffett said today via telecast at the Montana Economic Development Summit, Senate Finance Committee chair Max Baucus’ regional dog-and-pony show. He Read More
In today’s Observer, I wrote about the strange wave of hedge fund retirements. Between Stanley Druckenmiller’s now-famous letter, Arthur Samberg’s collapse, Steven A. Cohen’s dour Vanity Fair interview, Paolo Pellegrini’s failure and the retirement of Richard Grubman (the key-thrower, allegedly), it’s been a strange summer.
But one important thing to keep in mind is that farewells from big Read More
