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Title : Charlie Munger Says Al Gore Is ‘Not Real Smart,’ Merely Became Filthy Rich Anyway
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Charlie Munger Says Al Gore Is ‘Not Real Smart,’ Merely Became Filthy Rich Anyway

CNBC reports:

Warren Buffett's piece of employment past times lieutenant, Charlie Munger, told a pocket-size grouping of investors that the uncomplicated strategy of buying exclusively service fellowship stocks made quondam Vice President Al Gore really wealthy.

"Al Gore has come upward into y'all fellas business. ... He has made three or 4 hundred 1000000 dollars inwards your business. And he's non really smart," Munger said at the Daily Journal annual coming together on Feb. 15. "He had i obsessive sentiment that global warming was a terrible thing. … So his sentiment when he went into investment counseling is he was non going to position whatever CO2 inwards the air."

Though the comments were made to a greater extent than than iv months ago, they went largely unnoticed in addition to convey non been widely reported on elsewhere.

He too shared to a greater extent than details on how Gore became successful inwards the coin management business:

"So he establish to a greater extent than or less partner to piece of employment inwards investment counseling amongst in addition to says we're non going to convey whatever (carbon dioxide). But this partner is a value investor in addition to a skillful one. So what they did is, is Gore hired staff to notice people who didn't position CO2 inwards the air. Of course of study that position him into services. Microsoft and all these service companies were simply ideally located. And this value investor picked the best service companies. So suddenly the clients are making hundreds of millions of dollars in addition to they are paying business office of it to Al Gore. Al Gore has hundreds of millions dollars inwards your profession. And he's an idiot. It's an interesting story. And a truthful one."

Here is the video of Munger's comments:



 - RW

(ht Murray Sabrin)

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