Charlie Munger: Banks may ‘get in trouble again’
Despite Berkshire Hathaway’s large investments in big banks, Charlie Munger says the banks need more regulation and less risk on their trading books.
Charlie Munger on jobs: ‘Suffering is required’
Billionaire Berkshire Hathaway Vice Chairman Charlie Munger says, ‘I don’t think you change policies because some people are suffering.’
Buffett: Income inequality hurting economy
Billionaire investor Warren Buffett thinks immigration reform will pass in Congress and that rising income inequality is a drag on economic growth.
Many well-known hedge fund managers are also philanthropists, and many of them have their own foundations. Seth Klarman of Baupost is one of those with his own foundation, and he invested in a handful of hedge funds through his foundation. This list of Klarman's favorite hedge funds is based on the Klarman Family Foundation's 990 Read More
Buffett on stimulus: Consider consequences
Warren Buffett says the Fed’s policies are driving higher asset prices and that fiscally, ‘the downside of that stimulus would be greater than the immediate benefits.’