The Socialized Losses

Munger said that cosco has done more for humanity than the red cross. Jmaman asked you to jump in too, because if you read about this historically, and not just financial history, but history in general. Munger: It is wrong to vilify bezost or sam walton without understanding how much money they have put back in the pockets of everyone with socialized goods. The world is cheaper and more efficient, and were all benefit from it.