Charlie Munger on Commission-Based Brokers and Bankers

Jason Zweig and Nicole Friedman were lucky enough to have spent six hours talking with Charlie Munger over the dinner the other night and wrote it up for the Wall Street Journal this weekend.
This exchange, wherein Charlie perfectly echoes my own experience and opinions about transactional brokerage and banking really caught my attention. In a former life, I had lived this. Even wrote a whole book about it…
Q: How s…

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