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." |
| Warren Buffett on Shorting Berkshire Hathaway (BRK.A, BRK.B) |
| Written by David Neubert | |||
| Saturday, 05 May 2007 10:39 | |||
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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.
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| Last Updated on Saturday, 05 May 2007 10:49 |