Charlie Munger Draws a Bright Line

Bloomberg: Munger Says ‘Thank God’ Bailouts Came Before Handouts (Update1) I, for one, genuinely appreciate Mr. Billionare Munger speaking truthfully. "Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc., defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.” “You should thank God” [...]