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Charlie Munger warns about American finance
- a_small_island 11y agoSure, he already got his.
- draw_down 11y agoMaybe it's functioning just as it should (to be clear, I mean this in the sense that is even more pessimistic than Munger's outlook). The responsibility of the stewards of capital is to ensure the capital keeps turning over. Calling it "gambling" is just a scarier way to say the same thing.