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Charlie Munger Quotes - Page 2

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"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."

- Charlie Munger,
www.calculatedriskblog.com, added Sep 7, 2015

Charlie Munger

  • Born: January 1, 1924
  • Occupation: Business person
  • Cite this Page: Citation