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16-02-2017, 02:29 PM
(This post was last modified: 17-03-2017, 07:48 PM by cyclone.
Edit Reason: Added writer and date
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Munger Critiques China, India; Tells Trump Haters ‘Roll With It’
by Noah Buhayar , Sonali Basak , and Lisa Du
February 16, 2017, 6:34 AM GMT+8
...
"India is grossly defective because they took the worst aspects of our culture, allowing a bunch of idiots to scream and stop everything. And they copied it,” Munger said. “They’ve taken the worst aspects of democracy.” He said the Indians he knows are “fabulous people” but that the country struggles with corruption.
"The Chinese government really tries to help its companies," Munger said, contrasting that with India. “What I like about China is they have some companies that are very strong and still selling at low prices. And the Chinese are formidable workers and they make wonderful employees.”
Still, for Munger, there is that issue with gambling.
“They actually believe in luck,” he said. “That is stupid. You want to believe in odds.”
More details in https://www.bloomberg.com/news/articles/...ll-with-it
by Noah Buhayar , Sonali Basak , and Lisa Du
February 16, 2017, 6:34 AM GMT+8
...
"India is grossly defective because they took the worst aspects of our culture, allowing a bunch of idiots to scream and stop everything. And they copied it,” Munger said. “They’ve taken the worst aspects of democracy.” He said the Indians he knows are “fabulous people” but that the country struggles with corruption.
"The Chinese government really tries to help its companies," Munger said, contrasting that with India. “What I like about China is they have some companies that are very strong and still selling at low prices. And the Chinese are formidable workers and they make wonderful employees.”
Still, for Munger, there is that issue with gambling.
“They actually believe in luck,” he said. “That is stupid. You want to believe in odds.”
More details in https://www.bloomberg.com/news/articles/...ll-with-it
Specuvestor: Asset - Business - Structure.
