Charlie Munger (1999): “Corrupt Accounting Is a Cancer”
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YouTubeBecoming Berkshire
Charlie Munger (1999): “Corrupt Accounting Is a Cancer”
In this 1999 interview, Charlie Munger delivers a blunt warning about the dangers of corrupt accounting in American corporations. Munger explains how small accounting distortions turn into systemic corruption—creating powerful vested interests that fight reform at all costs. His analogy to campaign finance reform is especially chilling: once ...
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