Posted on 05/08/2009 11:40:04 AM PDT by MAD-AS-HELL
Those who have attended the Berkshire Hathaway (NYSE: BRK-A) shareholder meeting know Charlie Munger as a man who chimes in with "I have nothing to add" to at least three-quarters of questions asked to his longtime business partner, Warren Buffett.
The Wesco Financial -- where Munger is chairman -- shareholder meeting is a completely different story. Free from the overwhelming spotlight cast on Buffett, Munger spends a few hours every year sharing his thoughts and opinions on, well, just about everything.
Below is a summary of my notes from Munger's three-hour meeting in Pasadena, lightly edited for clarity.
(Excerpt) Read more at fool.com ...
Buffett called the attack on the financial system last september an economic pearl harbour. It was widely unreported, and when it was reported, it was out of context.
I think Buffett only supports dems because dems screw over their opponents, but republicans don’t. By supporting dems publicly, he’s protecting his company from future attacks by nasty democrats. I could be wrong, but that’s what it seems to me. He’s not an anti-American like Kerry, Reid, Pelosi, Obama, etc
Buffett’s OK with higher taxes, which makes him an idiot in my book.
I think it is because he is still in adolescent rebellion from his father, Howard Buffett, a Republican US Senator with strong libertarian convictions who was a close ally of Robert Taft.
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