Charles Munger, vice chairman of Berkshire Hathaway Inc., talks with reporters about European leaders’ handling of the region’s debt crisis. Munger, speaking at BYD Co.’s North American headquarters in Los Angeles, also discusses Berkshire’s investment in the Chinese automaker. (Source: Bloomberg)

two quotes:

“They have to stop shooting at this elephant with a pea shooter.”

“They need capital in their banks, in many of their banks.”