Mish assails Charlie Munger in a new post. I look at Munger's comments and think about how BRK benefited from the bailout - think their bank holding, their GS and GE investment never mind the support it lent to their insurance company bond portfolio. Arrogance indeed.
Mish on Munger
Enjoy.
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
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