Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to be boring in finance. What we want is innovation in widgets.
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"Charlie Munger Quotes." Quoteslyfe.com, 2022. Fri. 09 Dec. 2022. <https://www.quoteslyfe.com/quote/Clever-derivatives-broke-dozens-of-companies-It-460897>.