Warren Buffet’s vice chair: Gore’s ‘not very smart’ & ‘an idiot’, but became filthy rich investing in ‘global warming’

I’m with stupid.

Warren Buffett’s vice chairman, Charlie Munger, told a small meeting of investors that former Vice President Al Gore is “not very smart” and “an idiot” but was still able to make “$3 or $400 million in your business” by “obsessing” about “global warming.”

“Al Gore has hundreds of millions of dollars in your profession. And he’s an idiot. It’s an interesting story. And a true one,” Meager told investors. According to CNBC on June 23: “Though the comments were made more than four months ago, they went largely unnoticed and have not been widely reported on elsewhere.”

“Al Gore has come into you fellas business, Munger said. “He has made $3 or $400 million in your business. And he’s not very smart. He smoked a lot of pot as he coaxed trough Harvard with a gentleman’s C. But he had one obsessive idea that global warming was a terrible thing and he would protect the world from it,” he explained.  [Note: Gentleman’s C is defined by Urban Dictionary as “A grade given to a student (traditionally with wealthy parents) instead of a failing grade.”]

According to CNBC:

“Munger is one of the most celebrated investors in the world and was an essential partner in Buffett‘s success. Before becoming vice chairman of Berkshire Hathaway, the billionaire had quite the track record himself. From 1962 to 1975 Munger’s investment partnership generated 20 percent annual returns versus the S&P 500‘s 5 percent.”

Watch:

“So his idea when he went into investment counseling is he was not going to put any CO2 in the air,” Meager explained to the investors noting that Gore’s simple strategy of buying only service company stocks enabled the former Vice President to become very rich.

Meager explained: “So he found some partner to go into investment counseling with and says we’re not going to have any (carbon dioxide). But this partner is a value investor and a good one. So what they did is, is Gore hired staff to find people who didn’t put CO2 in the air. Of course, that put him into services. Microsoft and all these service companies were just ideally located. And this value investor picked the best service companies. So all of a sudden the clients are making hundreds of millions of dollars and they are paying part of it to Al Gore. Al Gore has hundreds of millions of dollars in your profession. And he’s an idiot. It’s an interesting story. And a true one.”

CNBC reported: Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger’s informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk. Munger is one of the most celebrated investors in the world and was an essential partner in Buffett‘s success. Before becoming vice chairman of Berkshire Hathaway, the billionaire had quite the track record himself. From 1962 to 1975 Munger’s investment partnership generated 20 percent annual returns versus the S&P 500‘s 5 percent.

Gore amassed a huge fortune from his “global warming” investments after he left the Vice Presidency. As a partner in the law firm Kleiner Perkins, Gore invested $1 billion in 40 different firms and he was the co-founder and chairman of Generation Investment Management which has more than $15 billion of assets under management.

Read more at Climate Depot

Comments (9)

  • Avatar

    Sonnyhill

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    Albert Gump, stupid is as stupid does.

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    Spurwing Plover

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    Gore is a con man a snake oil salesman and a charlatent selling his dangerous elixer MANBEARPIG GLOBAL WARMING to the Gullibile

  • Avatar

    G

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    And yet the left reveres him like a god… Imagine that…

    • Avatar

      Sonnyhill

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      Gore invested in low-carbon businesses and made a few hundred million (Al Jazeera pitched in a ton of oil money). Tom Steyr invested in carbon (coal) and made a billion. Strange bedfellows, indeed.

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    Amber

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    “Gore’s an idiot” ? Not many idiots can pocket $300 million on hot air .
    No he is not an idiot . He is a genius for creating a product , packaging it and selling it . The product is complete BS but he was smart enough to know his audience and customer base .
    How many people could pull that off ?
    Lots of other ways to describe Gore but idiot isn’t one of them .

  • Avatar

    dirkstruan

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    Was it Munger or Meager that made these comments.
    Kleiner Perkins is a private equity firm, not a law firm.

    If you’re going to write articles, at least do a little bit of proof reading and research. Otherwise you sound like the warming fanatics

  • Avatar

    Amber

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    The only thing Gore has proved without a doubt is that the
    sucker factory is alive and well . That plus greed of coarse .

    • Avatar

      Sonnyhill

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      Gore is one of hundreds of climate profiteers. A conspiracy? Depends on which side you’re on. If money is proof of intelligence, then the MSM would have to admit President Trump is a genius.

  • Avatar

    Spurwing Plover

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    And Gore writes and reads a totaly idiotic and stupid poem as well as leading his fellow Useful Idiots in Useful Idiots Climate Marches before he jumps aboard one of their private Lear or Gulf Stream jets to his fancy estate in Tennesee

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