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Berkshire Weekend: Munger on Accountants

|Includes: Berkshire Hathaway Inc. (BRK.A), BRK.B

Liz Claman of Fox Business Channel quotes or paraphrases the Berkshire vice chairman:

Munger: a lot of new regulation coming wouldn’t have been needed if accounting wasn’t done better in banking. Yet - I haven’t met an accountant who has said I’m ashamed of my own profession. If they don’t have shame - it’s not right.