Charlie Munger's Pessimistic Parable of Financial Ruin: 'Basically, It's Over'

By: Alex Crippen
Executive Producer

Berkshire Hathaway Vice Chairman Charles Munger

Warren Buffett and his longtime business partner Charlie Munger get along so well, in part, because they have very different, but complementary, temperaments.

Buffett oftens laughs and makes jokes when he speaks publicly.  Munger is more likely to growl, and he makes no attempt to be diplomatic.  Last May, he told our Becky Quick that the banks' "evil and folly" had "helped create a catastrophe for everyone." 

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