Charlie Munger completely destroys the whole financial sector in just 3 minutes providing arguments why he hates certain parts of it and what could be changed for the better.
From Berkshire Hathaway Annual Shareholders Meeting. (2011)
Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charlie Munger has a net worth of around $2 billion and is absolutely worth listening to when it comes not only to investing and stocks, but the psychology of wealthy people, rationality and life experience.
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Charlie Munger Destroys Financial System In 3 Mins
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