Munger warned that a storm is brewing in the U.S. commercial real estate market, and U.S. banks are "flooded with bad loans" as real estate prices fall. The collapse of Silicon Valley Bank and Signature Bank in March sparked con...
Charlie Munger: Well, because all those problems are real, and because it’s so tempting to get rid of your debt by just giving a guy a non-interest-bearing checking account where you used to have to pay him interest every month… Not only do we have a serious problem, but the soluti...
Now that’s an extreme case, but in lesser strength, it’s present in every profession and in every human being. And it causes perfectly terrible behavior. If you take sales presentations and brokers of commercial real estate and businesses, I’m 70 years old, I’ve never seen one I tho...
In addition to being Berkshire's vice chairman, Munger was areal estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect. Fox News Digital's Stepheny Price contributed to this report. ...
plants whose operations were centered in Omaha. Charlie went to public school with the children of those immigrants and as a result developed an appreciation not only of their cultures but also of their commercial aptitude and willingness to work unbelievably hard to give their children a better ...
MUNGER: The financiers. BECKY: The banks. MUNGER: Other than a woman. (Laughter) (Commercial break.) watch now VIDEO01:53 Shareholder power important part of system: Gates BECKY: Our special guests this morning will all be at the Berkshire board meeting later today: Warren Buffett, Charlie...
Currently, he is the Executive Chairman of XPO, a commercial trucking company that he started in 2011 and has grown into one of the largest logistics businesses in the world. He has also written a book that will be out in January, titled “How to Make a Few Billion Dollars”. Brad’s...