Charlie Munger quote

A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
Charlie Munger

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Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
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