UM: Business

Bloomberg reports on a discussion Charles Munger recently had with students at UM’s Ross School of Business. Munger, the business partner of billionaire Warren Buffet and vice chairman of Buffett’s Berkshire Hathaway Inc., shared his views on philanthropy from a millionaire’s perspective: “I believe Costco does more for civilization than the Rockefeller Foundation. I think it’s a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.” [Source]