Monday, June 26, 2017

Charlie Munger says Al Gore is ‘not very smart,’ but became filthy rich using this simple investing formula

By CNBC, June 23, 2017

Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy.

"Al Gore has come into you fellas business. ... He has made $3 or $400 million in your business. And he's not very smart," Munger said at the Daily Journal annual meeting on Feb. 15. "He had one obsessive idea that global warming was a terrible thing. … So his idea when he went into investment counseling is he was not going to put any CO2 in the air."

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