Quote by: Charlie Munger

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.


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Author Bio


  • NameCharlie Munger
  • DescriptionAmerican business magnate, lawyer, investor, and philanthropist
  • BornJanuary 1, 1924
  • CountryUnited States Of America
  • ProfessionLawyer; Financier