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The Inelegant Investor Summarizes Munger's Comments to the LA Times.

Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that..." envy-driven compensation mania... brings out the absolute worst in good people."

Home Neubert's Trades Warren Buffett on Shorting Berkshire Hathaway (BRK.A, BRK.B)
Warren Buffett on Shorting Berkshire Hathaway (BRK.A, BRK.B)
Written by David Neubert   
Saturday, 05 May 2007 10:39
An audience member asked if shorting was a danger to the financial system.

Mr. Buffett replies, "I love it when people short Berkshire Hathaway or companies we own.  We get a fee for lending the stock and a guaranteed buyer has just been created."

I couldn't agree with him more. 

Last Updated on Saturday, 05 May 2007 10:49