• 02 May 2011 at 4:13 PM

Nothing Chaps Berkshire Hathaway Vice-Chairman Charlie Munger’s Hide Like Investment Bankers Out To Make A Profit

By Bess Levin

Charles Munger, whose Berkshire Hathaway Inc. (BRK/A) holds $5 billion of options on Goldman Sachs stock, said the role of investment bankers in helping to mask Greece’s financial troubles was “perfectly disgusting.” “Wall Street to some extent is deliberately trying to profit from sin, and I think it’s a mistake,” Munger told reporters yesterday after Berkshire’s annual press conference in Omaha, Nebraska. “Why should an investment banker go to Greece to teach them how to pretend their finances are different from what they really are? Why isn’t that a perfectly disgusting bit of human behavior?” [Bloomberg]

Comments (10)

  1. 1
    Posted by Guest | May 2, 2011 at 8:26 PM

    Chuck, it’s not sin, it’s doing God’s work. Get a reality check and stop pretending that you aren’t out to make money.

    Lloyd

  2. 2
    Posted by guest | May 2, 2011 at 8:27 PM

    has anyone seen tyler durden and charlie munger in the same room? anyone?

  3. 3
    Posted by Lemmywinks | May 2, 2011 at 8:30 PM

    I have a tunger,
    A tunger for some munger.
    Sweet sweet mungger.

  4. 4
    Posted by Anonymous | May 2, 2011 at 9:08 PM

    Munger should just shut the fuck up with the bullshit that has been going on in their operation lately.

  5. 5
    Posted by Visual Referencing Trader | May 2, 2011 at 9:34 PM

    I’ll tell you what burns my ass: A grass fire this high.

  6. 6
    Posted by Nosmo King | May 2, 2011 at 9:45 PM

    As usual I agree 100% with Charlie. Wall Street is all about profiting from sin and bad behavior. Berkshire, on the other hand, makes its money the old fashioned way – by selling more cigarettes, tobacco, rolling paper and condoms than anyone else in the world through McClane, promoting obesity, diabetes and heart disease with DQ and Sees, and its investment in Coke, and selling booze through Scott Fetzer. We make a good honest living and pay our executives a healthy wage even occasionally allowing them to front run deals. The investment banks are sinners and unethical, and I’ll never invest more than $10 billion in any of those guys at a single time because they’re scumbags and I need to be able to look at myself in the mirror every morning. When the tide goes out, the investment bankers won’t only be naked, they’ll be saving sex for old age. Not me. I’ve been nailing some waitress my wife hooked me up with decades ago when she lost the ability to keep pace with my libido. Don’t know how those bankers can sleep at night whereas Charlie and I sleep like babies.
    - W. Buffett

  7. 7
    Posted by Ralph Lauren | May 2, 2011 at 9:59 PM

    Somebody say, “Chaps”?

  8. 8
    Posted by Guest | May 2, 2011 at 10:09 PM

    Profiting from sin > Losing money on sin.

  9. 9
    Posted by Guest | May 2, 2011 at 10:46 PM

    Oh Charlie, talk dirty to me.

    - B. Quick

  10. 10
    Posted by Guest | May 3, 2011 at 6:16 PM

    I can mostly sleep well at night because I have put myself in a position so that I can fuck you and every single banker that comes begging on my door. Ask your buddy Lloyd.
    -WB

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