Thursday, May 6, 2010

Smart Money

"Everywhere you look this problem has been caused by high-IQ asininity" perpetrated by "high-IQ boobs," Munger said. "People who know the edge of their own competency are safe, and those who don't, aren't."

Munger added: "Investment banking will behave more responsibly if we as citizens force it to behave more responsibly."