Charlie Munger on Banks and Derivatives

[afro84]

I have never listened to a word Charlie Munger has spoken without being in complete agreement.

[betteryoubetter]

I still dont know what a derivative is, and dont believe that warren invests outright in them even if he own shares in Wells Fargo (7%) he cannot control everything, but I will say what I do know, CNN money's Poppy Harlow is smoking hot!

[betteryoubetter]

I still dont know what a derivative is, and dont believe that warren invests outright in them even if he owns a lot of sharesin Wells Fargo he cannot control everything, but the CNN money's Poppy Harlow is smoking hot!

[surangasa]

Warren Buffett invests in Derivatives! 

[scanlonized]

I would let people like Charlie fail if they blew up.

[ajhilger]

Everything he is said is right on except regarding the relatively better morality of Wells Fargo compared to the other banks. Wells Fargo excels at wrongfully extracting money out of those least able to protect themselves from it.

[Keetster1973]

So would I Charlie. Thanks for speaking up.