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I like Munger but I am certainly not one of those worships him nor one of those who calls him Bill Gates' lawyer (those who knows knows). Reading through the a

I like Munger but I am certainly not one of those worships him nor one of those who calls him Bill Gates' lawyer (those who knows knows). Reading through the article and the comments, I can only say it is his money and it should be a wakeup call for the college and the state of California. He has a vision of where and how he wants to spent his money and you can either accept it or not. Super rich people don't donate, they invest in social causes where their views are reflected in the long term and the goals are often not obvious. This is a very long discussion but that is how I see it. Nothing is stopping the college to move around funds and having a tighter grip on the administrative expenses so they can invest not wisely but rather opinionatedly into projects. The mounting student debt on one side and the hypocratic song and dance to please billionaires for handouts is simply ridiculous.

smnrchrds 5y ago
Is it his money though? I think he is putting in 200 millions and the university is footing another 1 billion.
- anyfactor 5y ago
  I am not sure he threw an exact figure but it is his money regardless of what percent of the investment it represents. He gets to call the shots of how his money get used and he doesn't need to have it authorized by a board. He isn't controlling the plan but he has some rightful authority over the plan.
  - smnrchrds 5y ago
    And the university doesn't? The protests are directed at the university, asking it not to fund this project. The architect who resigned in protest resign from UCSB, not from Charlie Munger's employ.
    - anyfactor 5y ago
      Funding a project is very straight forward. There are three things to cover 1. Who pays 2. What do they wants 3. What is the impact. Munger pays some money and he wants the building to be built in a certain way. University pays some money, and they have many direct and indirect things they want from it. Also the university is accountable to many more people than Munger. Munger is just person with limited/no accountability and he is very exact in his demand. On the other hand, the university is accountable to the trustees and the students. There is a value for simple and exact demands with money being handed over to someone with a goal. If you take a step back and see this entire engagement as an investment with social goals and not a billionaire donating money the nuances the whole ordeal becomes very clear.

smnrchrds 5y ago

Is it his money though? I think he is putting in 200 millions and the university is footing another 1 billion.

anyfactor 5y ago
I am not sure he threw an exact figure but it is his money regardless of what percent of the investment it represents. He gets to call the shots of how his money get used and he doesn't need to have it authorized by a board. He isn't controlling the plan but he has some rightful authority over the plan.
- smnrchrds 5y ago
  And the university doesn't? The protests are directed at the university, asking it not to fund this project. The architect who resigned in protest resign from UCSB, not from Charlie Munger's employ.
  - anyfactor 5y ago
    Funding a project is very straight forward. There are three things to cover 1. Who pays 2. What do they wants 3. What is the impact. Munger pays some money and he wants the building to be built in a certain way. University pays some money, and they have many direct and indirect things they want from it. Also the university is accountable to many more people than Munger. Munger is just person with limited/no accountability and he is very exact in his demand. On the other hand, the university is accountable to the trustees and the students. There is a value for simple and exact demands with money being handed over to someone with a goal. If you take a step back and see this entire engagement as an investment with social goals and not a billionaire donating money the nuances the whole ordeal becomes very clear.