Saturday, September 2, 2017

Generally speaking............................


"Generally speaking, I believe Costco does more for civilization than the Rockefeller Foundation,” he said at a 2010 speech at the University of Michigan. “You get a bunch of very intelligent people sitting around trying to do good, and I immediately get kind of suspicious and squirm in my seat… I’ve seen so much folly and stupidity on the part of our major philanthropic groups, including the World Bank, that I really have more confidence in building up the more capitalistic ventures like Costco.”

-Charlie Munger

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