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Thursday, May 9, 2013

CNBC VIDEO: Charlie Munger Blasts Bankers and High-Frequency Trading



Charlie Munger, Warren Buffett's long-time business partner, isn't mellowing much in his old age.
The 89-year-old Berkshire Hathaway vice chairman is known for speaking his mind at the company's annual shareholder gathering.
Ahead of his marathon 6-hour question-and-answer session with Buffett tomorrow, Munger sat down for an interview with CNBC Squawk Box anchor Becky Quick.
Among the highlights: Munger compared bankers to heroin addicts and called high-frequency trading "legalized front running."
Here's the complete 37-minute interview
Berkshire's number two man Charlie Munger talks to CNBC's Becky Quick about the economy, Israel, the Flash Crash and why high-frequency trading is "evil." He also discusses the situation in Washington: We wouldn't have our Constitution if politicians then behaved like politicians now, he says.


Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie MungerDamn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe
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Moats : The Competitive Advantages of 70 Buffett & Munger BusinessesMoats : The Competitive Advantages of 70 Buffett & Munger Businesses by Bud Labitan 
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. MungerPoor Charlie's Almanack: The Wit and Wisdom of Charles T. Mungerby Charles T. Munger
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The Four Filters Invention of Warren Buffett and Charlie Munger ( Large Print Edition )The Four Filters Invention of Warren Buffett and Charlie Munger ( Large Print Edition ) by Bud Labitan
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1 comment:

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