Charlie Munger, along with Warren Buffett, are two of the most respected and yet despicable people of the investment community. For some reason, they've kept their aura of integrity while they have been using the governments and their connections to funnel money from the poor to the rich, and for stealing basically from people, by supporting all the inflationary policies and taxes of both the Fed and the US Gov. They are highly supportive of Greenspan, Bernanke, Bush, Obama when these people are implementing their destructive policies, but afterwards take the opportunity to criticize them once the failure is obvious and their pockets full of that money. Quite honestly, disgusting.
In a
35 minutes interview with CNBC, Charlie Munger yet again supported all those ideas, and took the opportunity to make yet another nasty comment, which will most probably not stain their white knight's aura (at 9"20):
“I think gold is a great thing to sew in to your garments if you’re a Jewish family in Vienna in 1939 but I think civilized people don’t buy gold."
The interview is generally interesting, to get to know Charlie Munger's state of mind and the way Berkshire operates.
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