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Sunday, July 13, 2008
3:52 PM TweetThis
  • Warren Buffett and Charlie Munger, explaining at the Berkshire Hathaway 2001 annual meeting why they sold their stake in Freddie Mac: Buffett - "We felt uncomfortable with certain aspects of the business as they developed... We did not sell because we were worried about more governmental regulation -- the opposite if anything. We felt the risk profile had changed."  Munger - "Maybe it's unique to us, but we're quite sensitive to financial risks."
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