> Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air.

> Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. Sounds like Munger doesn’t like that financial innovation is coming from outside the established club. — I mean this argument has nothing to do with the safety of children and everything to do with classism.