| All Munger and Buffett say is preserved. Only gaps and questions have been clipped to save your time. This is the Berkshire Hathaway Shareholders Meeting 2008 morning and afternoon session.
May 3, 2008. Warren Buffett sounds the alarm about “too big to fail” financial firms that have taken on too much risk to manage. Charlie Munger calls the housing bubble a “particularly foolish mess.” They also urge investors to quickly take advantage of market dislocations because they don’t last long, and Buffett worries about the “primary problem of mankind.” |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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