Charlie Munger Isn’t Impressed with Donald Trump

Charlie Munger has never been a particular fan of Donald Trump. According to Yahoo! Finance:

“I think [Trump] deserves some credit, but a lot of it just happened,” says Munger, 95, in his first interview after the Berkshire Hathaway Shareholders Meeting…. Munger, a Republican, said the strong economic performance resulted largely from the natural economic cycle and the decisions of Trump’s predecessors in the White House….

In his interview with Yahoo Finance, Munger dismissed criticism of Trump’s efforts to pressure Federal Reserve Chairman Jerome Powell on interest rates.

“I think presidents have always done this,” Munger says.

Munger sharply rebuked Trump’s policy goals at the Fed, arguing that a push to keep benchmark interest rates low will ultimately backfire.

“If you’re a politician in a democracy, of course you want people to print money and spend it,” Munger says. “And of course, it’s not a good idea.”

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