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.
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"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 #moneywealth
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A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy an…
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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
About Charlie Munger
Charlie Munger was a Businessman from United States (1924–2023).
Frequently Asked Questions
Who said "A banker who is allowed to borrow money at X and loan it out at X plus Y will j…"?
This quote is attributed to Charlie Munger, a Businessman from United States.
When did Charlie Munger live?
Charlie Munger lived from 1924 – 2023.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.