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Berkshire's Munger says China right to clip Ma's wings
Reuters.com via MSN ^ | June 30, 2021 | Reuters

Posted on 07/01/2021 9:06:42 AM PDT by Dr. Thorne

June 30 (Reuters) - Berkshire Hathaway Inc (BRKa.N) Vice Chairman Charlie Munger praised China's move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.

The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China's book and "step in preemptively to stop speculation".

"I don't want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country," he said in the interview aired on Tuesday in the United States.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy
KEYWORDS: antgroup; berkshirehathaway; charliemunger; china; cnbc; finance; investment; jackma; warrenbuffett
If you had any doubt about the elite's admiration for Communist China, Charlie Munger disabuses you of any doubt. This guy is 97 and will stand before God soon enough. Yet, his smug elitism won't allow him to beg forgiveness from the Almighty. Instead, he doubles down on his love of oppression, genocide and wholesale destruction. What a scum.
1 posted on 07/01/2021 9:06:42 AM PDT by Dr. Thorne
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To: Dr. Thorne

There’s a special place in Hell for douchebags of that magnitude.


2 posted on 07/01/2021 9:16:34 AM PDT by datura (The voice that brought you peace has nothing left to say.)
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To: Dr. Thorne

never a doubt since Kissinger and Nixon.


3 posted on 07/01/2021 9:28:25 AM PDT by dadfly
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To: datura

Making Nebraska proud


4 posted on 07/01/2021 9:30:08 AM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
Berkshire Hathaway Inc (BRKa.N) Vice Chairman Charlie Munger praised China's move... "I don't want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,"

5 posted on 07/01/2021 9:33:24 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Dr. Thorne

Charlie would like the part of Chinese tyranny that benefits him.

Funny thing about tyranny, once you lose control of one part, you lose control of all parts.


6 posted on 07/01/2021 9:43:13 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: Dr. Thorne

“I don’t want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,” he said in the interview...

Translation: Munger likes fascism / corporatism.


7 posted on 07/01/2021 9:48:16 AM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: Dr. Thorne
"Capitalists" like Munger will sell China the rope to hang us all.

What a pathetic, old, senile fool, with his billions, graveling to his masters, the CCP.

8 posted on 07/01/2021 10:18:19 AM PDT by FreeReign
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To: joshua c
Charlie would like the part of Chinese tyranny that benefits him. Funny thing about tyranny, once you lose control of one part, you lose control of all parts.

At age 97, Munger thinks that he will avoid the part where they come for him.

9 posted on 07/01/2021 10:20:40 AM PDT by FreeReign
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To: dadfly

I think Kissinger profited in a big way from Nixon’s bad decision to open up to China.


10 posted on 07/01/2021 10:50:28 AM PDT by The_Media_never_lie (A world in which dogs write poetry is more believable than the world as seen through the Media)
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To: Dr. Thorne

Meanwhile amid American praise of the CCP, Jack Ma, aka Horse Cloud, remains disappeared.

He’s one of many billionaires to have been disappeared, imprisoned, or shot because of some perceived slight or innocuous criticism of the super paranoid CCP.


11 posted on 07/01/2021 10:57:32 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: joshua c

Charlie is not Han Chinese and, therefore, would only be kept around for entertainment purposes like other Mainland minorities.


12 posted on 07/01/2021 10:58:50 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Dr. Thorne

Because billionaires only have your best interests at heart when they propose chopping their competitors off at the knees.


13 posted on 07/01/2021 11:06:26 AM PDT by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Tse-tung)
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To: ptsal

Munger lives in Kalifornia, Buffett in Nebraska.


14 posted on 07/01/2021 4:48:47 PM PDT by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: Dr. Thorne

Bkmk


15 posted on 07/01/2021 5:48:25 PM PDT by sauropod (The smartphone is the retina of the mind's eye.)
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