This is starting to get ugly. First it is the Sokol debacle, now Munger comes out with an admission that he had a personal stake in BYD before Berkshire started to accumulate the shares.
From CNBC – (Surprised they actually aired this – how long until it comes down?)
Berkshire Hathaway Chairman Warren Buffett is the “greatest PR person of recent times” and has “managed to achieve a snow job that has conned virtually everyone in the press,” Wisdom Tree Investments Chairman Michael Steinhardt told CNBC Tuesday. “It is remarkable that he continues to do it.”