Latest quotes from interviews
"Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade."
www.calculatedriskblog.com, added Sep 7, 2015
Charlie Munger
- Born: January 1, 1924
- Occupation: Business person
- Cite this Page: Citation