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Collection: Charlie Munger - #124 'England'


Video Link: https://youtu.be/Vut_hkNxCNA


In this episode, Charlie Munger was asked does Brexit create some opportunities in England?


In this episode, you’ll learn:

  • Charlie Munger on England and Brexit.

To check out all Collection: Charlie Munger <click here>

 

[Transcript]

(Source: https://finance.yahoo.com/news/influencers-transcript-charlie-munger-105001910.html)

ANDY SERWER 00:00

So I know that you guys have talked about England, or it seems that you have, because Warren talked about doing this article in the "FT" is basically a way of signaling potential interests, given that Brexit may create some opportunities. Is that the case?


CHARLIE MUNGER 00:17

What the hell do I know about Brexit? I don't even know how I'd vote on it if I were in England. (Chuckling) Yeah, I just don't – I don't know much about it. But we'll react to opportunities wherever they are. And we regard the vicissitudes of politics as – it's just what they are, vicissitudes.


ANDY SERWER 00:39

But isn't it a little bit more than a vicissitude to drop out of the European Union.


CHARLIE MUNGER 00:44

Now, I'm not suggesting it isn't a good deal. But this country was enormously helped when we put all the colonies together. If we had the internal tariffs against each little colony, United States would not be as big as it is. So it's understandable why Europe wanted to get together. And in addition, the advantages they got from the free trade, they'd had a long history of having wars. And we all are in sort of one big place trading with one another, it'll be safer. Those were very good ideas. I'm not quarreling with the basic ideas.

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