Charlie Munger (Billionaire Investor) recently made a statement on Alibaba Group and China:
Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba's Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those in China.
"Communists did the right thing," Munger, the 97-year-old longtime friend of Warren Buffett, said about the handling of Ma, who criticized officials in Beijing last year for stifling innovation.
Although he would not want "all of the Chinese system" in the US, Munger did say "I certainly would like to have the financial part of it in my own country."
The above statement of Charlie Munger reminds of this phrase:
You can't have your cake and eat it too.
In this case respected Charlie Munger, I disagree with your statement.
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