Billionaire Charlie Munger praises China for being smarter than America at handling economic booms – CNN

The Berkshire Hathaway (BRKA) vice chairman told CNN he’s impressed that Beijing recognizes the troubles caused by allowing economic booms to get out of control. China “steps on a boom in the middle of it instead of waiting for the big bust,” Munger said in an interview. “Of course, I admire that. In that one … Read more