Warren Buffet's right-hand man, "Both Elizabeth Warren and Bernie Sanders are absolutely right."
Warren Buffett's right-hand man, Charlie Munger, is worried about American finance
http://uk.businessinsider.com/charlie-munger-warns-about-american-finance-2016-4?r=US&IR=T
According to the Berkshire Hathaway vice chairman, we have "a vast gambling culture, and people have made it respectable." Basically, the stock market is a casino, and too many people want to get rich quickly.
He said: There's way, way too much of that in America. And too much of the new wealth has gone to people who either own a casino or are playing in a casino. And I don't think the exaltation of that group has been good for life generally, and I am to some extent a member of that group.
I'm always afraid I'll be a terrible example for the youth who want to make a lot of money with and not do much for anybody else and who just want to be shrewd about buying little pieces of paper. Even if you do that very honestly, I don't consider it much of a life. Just being shrewd about buying little pieces of paper, shrewder than other people, is not an adequate life. It's not a good example for other people.