Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (1) |
Post New
Author: BreckHutHigh ✧  😊 😞
Number: of 15071 
Subject: WSJ Munger Quote on Banks
Date: 03/20/2023 2:12 AM
Post Reply | Report Post | Recommend It!
No. of Recommendations: 13
Intelligent Investor Column

Jason Zweig

March 17, 2023

'Capitalism without failure is like religion without hell,' Berkshire Hathaway Inc. Vice Chairman Charlie Munger has said, paraphrasing the late economist Allan Meltzer.

This week, however, Mr. Munger struck a much more serious tone when he told me: 'I'd prefer to live in a world where nobody did anything undisciplined or stupid and so forth, but we don't live in that kind of a world. And therefore the decisions have to be made for the way the world is, not the way we'd like it to be.

He added: 'The way the world is, the government had no alternative but to back all deposits. Or we would have had the biggest goddamn bunch of bank runs you ever saw.'

https://www.wsj.com/articles/what-gets-lost-when-y...
Print the post


Post New
Unthreaded | Threaded | Whole Thread (1) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds