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Tue Apr 12, 2016, 09:59 PM

 

Warren Buffet's right-hand man, "Both Elizabeth Warren and Bernie Sanders are absolutely right."

Warren Buffett's right-hand man, Charlie Munger, is worried about American finance
http://uk.businessinsider.com/charlie-munger-warns-about-american-finance-2016-4?r=US&IR=T

According to the Berkshire Hathaway vice chairman, we have "a vast gambling culture, and people have made it respectable." Basically, the stock market is a casino, and too many people want to get rich quickly.

He said: There's way, way too much of that in America. And too much of the new wealth has gone to people who either own a casino or are playing in a casino. And I don't think the exaltation of that group has been good for life generally, and I am to some extent a member of that group.

I'm always afraid I'll be a terrible example for the youth who want to make a lot of money with and not do much for anybody else and who just want to be shrewd about buying little pieces of paper. Even if you do that very honestly, I don't consider it much of a life. Just being shrewd about buying little pieces of paper, shrewder than other people, is not an adequate life. It's not a good example for other people.

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Reply Warren Buffet's right-hand man, "Both Elizabeth Warren and Bernie Sanders are absolutely right." (Original post)
pantsonfire Apr 2016 OP
pantsonfire Apr 2016 #1
mindwalker_i Apr 2016 #2

Response to pantsonfire (Original post)

Tue Apr 12, 2016, 10:01 PM

1. Both Warren and Sandes are absolutely right....

 

The truth of the matter is that . . . Elizabeth Warren doesn’t agree with me on many subjects, and I wouldn’t agree with her on many subjects, but she is basically right when she says that American finance is out of control and that it isn’t good for the rest of us. Both Elizabeth Warren and Bernie Sanders are not two of my favorite people on earth, but they are absolutely right .

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Response to pantsonfire (Original post)

Tue Apr 12, 2016, 10:28 PM

2. Yup, those of us who work are

... the gambling class' b****es. Eventually people will get sick of hosting these parasites.

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