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Charlie Munger Quotes

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  • 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."

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

    Charlie Munger

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