Thursday, February 25, 2010

Dear Charlie Munger, Thanks but no thanks...

Charlie, thanks but no thanks for a rather pedestrian piece [ Charlie's remarks on slate.com ] with oh-so-thinly-veiled references to current real-world events and people, it's not particularly helpful to lecture us on the disastrous results of allowing ignorant CEOs to allow their ethically-challenged backroom quants to gamble in the nether world of derivatives with everyone else's money......


Why did you plug the date "2012" in there? You give no specific prediction, and I would have been surprised if you had.........

If you meant this piece to sway the opinions of folks who don't already know what you're talking about and who don't already agree with you, you wasted your time.

Your commentary is not particularly droll nor is it particularly enlightening nor is it particularly memorable...

Please stick to helping Warren run Berkshire Hathaway....

Your friend

Rick

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