Charlie Munger's Parody on Wantmore, Tweakmore, Totalscum, Countwrong and Oblivious in Boneheadia; BRK Buys Remaining Wesco Stake

Charlie Munger via Wikipedia
Berkshire Hathaway (BRK) decided to buy the remaining 20% stake in Wesco Financial (WSN), which is currently run by Charlie Munger, the Vice Chairman of Berkshire. Full article at Bloomberg:
"Wesco shareholders voted today at a meeting in Pasadena, California, to approve Berkshire Hathaway Inc. (BRK/A)’s offer to acquire the 20 percent of Wesco it doesn’t already own for about $545 million in cash and stock."

At the final shareholders meeting he dissed bankers, accountants, Alan Greenspan and Lehman's former CEO Dick Fuld. Full article at Bloomberg:
“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.

There was also a parody released which is a must read. Read it at My Investing Notebook:
"A PARODY DESCRIBING THE CONTRIBUTIONS OF WANTMORE, TWEAKMORE, TOTALSCUM, COUNTWRONG, AND OBLIVIOUS TO THE TRAGIC “GREAT RECESSION” IN BONEHEADIA AND THE THOUGHTS OF SOME PEOPLE RELATING TO THIS DISASTER" ... (LOL)

Related Posts

Comments

HTML Comment Box is loading comments...