Tuesday, November 26, 2013

Charlie Munger on being an exemplar

I think people have a duty when they rise high in life to be exemplars. A guy who rises high in the Army or becomes a Supreme Court justice is expected to be an exemplar, so why shouldn’t a guy who rises high in a big corporation act as an exemplar and not take every last penny?

 It’s not a problem we’ve had at Berkshire, but look at how far it’s spread. We have about two imitators. [Laughter]