Sunday, 3 July 2011

Berkshire’s Munger Says Wall Street ‘Megalomania, Insanity’ Fueled Bubble

http://www.bloomberg.com/news/2011-07-01/berkshire-s-munger-says-wall-street-megalomania-insanity-fueled-bubble.html

“The bubble in America was caused by some combination of megalomania, insanity and evil in, I would say, investment banking, mortgage banking,” Munger, 87, said today at a conference in Pasadena, California.

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