Deals
Charlie Munger Isn't Done Bashing Valeant
- In weekend interview, he calls the drugmaker `deeply immoral'
- Still, Munger says Valeant isn't house of cards like Enron
Munger Calls Out Valeant, Calls Practices 'Immoral'
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Charles Munger saw it coming, and now he’s shaking his head.
Months before Valeant Pharmaceuticals International Inc. tumbled under attack from short sellers, Munger told investors in Los Angeles the company reminded him of the excesses of the 1960s conglomerate craze. “I’m holding my nose,” Warren Buffett’s longtime business partner said.