Charlie Munger: 'Jack Ma was very arrogant'

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, shares his thoughts on Jack Ma’s criticism of the Chinese government.

Video Transcript

CHARLIE MUNGER: I think Jack Ma was very arrogant to be telling the Chinese government how dumb they were and how stupid their policies were and so forth. Considering their system, that is not what he should have been doing. And no, I don't think that-- I think the Chinese have behaved very shrewdly in managing their economy and they've gotten better results than we have in managing our economy. And I think that that will probably continue.