Monday, January 31, 2011

Charlie Munger On The Huge Influx Of Finance Majors

"A big percentage of Cal-Tech grads are going into finance. I regard this as a regretfully bad outcome. They'll make a lot of money by clobbering customers who aren't as smart as them. It's a mistake. I look at this in terms of losses from the diversion of our best talent going into some money-grubbing exercise."

Charlie Munger

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