Charlie Munger says California, Connecticut have been ‘stupid’ for driving rich people away

Charlie Munger, Warren Buffett’s right-hand man at Berkshire Hathaway, said that places like California and Connecticut have been very “stupid” for driving rich people away from their states.

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Traders work on the floor of the New York Stock Exchange (NYSE) on November 28, 2018 in New York City.Traders work on the floor of the New York Stock Exchange (NYSE) the morning after Donald Trump won a major upset in the presidential election on November 9, 2016 in New York City.