We have a higher percentage of the intelligentsia engaged in...

We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.

Charlie Munger Quote About Past, Envy, Pieces: We Have A Higher Percentage...

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