Charlie Munger criticizes the ‘absurd’ notion that Warren Buffett benefited at the cost of his shareholders

Charlie Munger criticizes the ‘absurd’ notion that Warren Buffett benefited at the cost of his shareholders



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Warren Buffett (left) and Charlie Munger.Eric Francis/Getty Images

Warren ⁢Buffett is facing scrutiny after ⁤ProPublica reported on his personal stock trades.

Charlie ‍Munger‌ dismissed‍ the idea ⁢that Warren Buffett⁢ would enrich himself over his shareholders.

Buffett cares far more about Berkshire⁢ Hathaway than his own fortune, his business partner said.

Warren Buffett‍ is in the rare and uncomfortable position of having his ethics questioned following ⁢ProPublica’s ⁢report on his personal stock ‌trades,⁢ but Charlie Munger delivered an ⁢impassioned defense⁣ of his business⁢ partner to CNBC⁣ this week.

“I don’t think ​there’s ​the slightest chance that Warren Buffett is doing something that’s deeply⁢ evil to make money for himself,” said the 99-year-old vice-chairman of Buffett’s Berkshire Hathaway conglomerate.

“He cares more about what happens to Berkshire than he cares what happens to his own money,” Munger continued, pointing to Buffett’s pledge to donate ‌virtually all of his wealth to ​good…

2023-11-16 20:06:12
Link from finance.yahoo.com
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