Warren Buffett and Charlie Munger. SCOTT MORGAN/REUTERS
CNN: America can learn from Communist China, says Berkshire's Charlie Munger
New York (CNN Business)Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba's Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those in China.
"Communists did the right thing," Munger, the 97-year-old longtime friend of Warren Buffett, said about the handling of Ma, who criticized officials in Beijing last year for stifling innovation.
The comments were included in a CNBC special about Buffett, Munger and Berkshire Hathaway (BRKB) that aired Tuesday night.
Ma has been largely out of the public eye since making those critiques. Meanwhile China's government also issued new regulations on Alibaba (BABA) affiliate Ant Financial that have forced the company to delay its eagerly awaited initial public offering.
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WNU Editor: It is at moments like this one that all that I can do is shake my head.
Another ancient, pampered elite falls out of his tree. Disgusting.
ReplyDeleteSpeaking of pampers, I hope, for his sake, our 45th president diaped up today.
ReplyDeleteMay he put his pants on accurately.
Not if he uses you as an example.
DeleteThe lampposts are ready.
ReplyDeletewhat an ass, typical of the moneyed elite
ReplyDeleteIf I were a billionaire I would release the owner of alibaba and as a reward I wanted half the shares for free, Warren you only have numbers in your head and little strategy, learn philosophy is life and not just numbers
ReplyDeleteWarren Buffett, Charlie Munger and Soros are intelligent men. Or they were. As up and coming men they noticed patterns in the business world and took advantage of them. when you are smaller it is easier to do. Was you get larger it is harder to make as large of profit margins as when smaller.
ReplyDeleteSoros is a convict. He was convicted in a French court.
French court convicts Soros of insider trading - The Guardian
Buffet went another way, He went political. He bought of railroads to more dangerously move oil, when oil pipelines are shit down by activists and politicians. It is more expensive and more costly for the his fellow country men. It is more profitable for him.
President Barack Obama's decision to withhold approval of the Keystone XL pipeline will hugely benefit one of his largest supporters - Warren Buffett.
When did Buffet do this? 2009 start of the Obummer regency.
Point is when innovative men become millionaires and then become billionaires they become statists. There is no longer a free bone in their body.
ReplyDeleteGood comment the last two lines, anon.