Ep 390. The Omaha Experience: Our Take on Berkshire’s AGM
Focused Compounding
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Buffett's Criticism of the Banking Industry
Berkshire has been in pretty big banks and stuff for a while now, you know, later on in the years. And so it's much more exposed to those kinds of things. Munger was basically saying he liked the banking business a lot more when there wasn't an investment banking division. He said that Bad Bankers should be punished or maybe that was Buffett, but kind of something that they probably always thought.
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