The
97-year-old told CNBC in an interview alongside Berkshire CEO and
billionaire investor Warren Buffett that the United States should take a
leaf out of China's book and "step in preemptively to stop
speculation".
I said the same when they did it. They obviously learned from the failures of the US in this regard that led to a global financial crisis and threatened depression in response to which the US ensuring US legislation and regulation was weak and misdirected, so the issues largely remain. As Sen. Dick Durbin said, The bankers control this place (Congress). Not in China. They are out in front of it, which is necessary for modern countries, which are credit-based. Inadequate institutional arrangements in finance create perverse incentives and moral hazard.The Economic Times — Markets
Berkshire's Charlie Munger says China right to clip Jack Ma's wings
Reuters
Berkshire's Charlie Munger says China right to clip Jack Ma's wings
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
Berkshire's Charlie Munger says China right to clip Jack Ma's wings
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
https://economictimes.indiatimes.com/markets/stocks/news/berkshires-charlie-munger-says-china-right-to-clip-jack-mas-wings/articleshow/83976378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBerkshire's Charlie Munger says China right to clip Jack Ma's wings
5 comments:
Not in China. They are out in front of it, ... Hickey
What's that saying? "Ya can't cheat an honest man"?
So I expect that the Chinese government will eventually succumb and be captured by the Chinese banks - same as the US government has been captured by its banks because they hold the economy hostage.
God is not mocked, you know?
Fly west, little billionaire.
https://www.cnbc.com/2019/05/06/charlie-munger-be-afraid-when-a-democracy-thinks-it-can-print-money-to-solve-all-its-problems.html
Charlie munnie munger.
Sure Charlie is a afraid. His position as an oracle would be no more.
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