Munger Defends Buffett on Tax Inversions, Hammers Banks

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Mark Melin
Published on
Updated on

Anyone who thinks Burger King Worldwide Inc (NYSE:BKW)’s deal with Canada’s Tim Hortons Inc. (NYSE:THI) (TSE:THI) is “a great injustice is stark raving mad,” according to Charles Munger, the blunt-talking vice chairman of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and a business partner with Warren Buffett.  Separately, Buffett also conferred with U.S. Senator Orrin Hatch on tax policy regarding the Burger King deal “well before” it was consummated, according to a Bloomberg Report. Buffett supports Burger King’s deal Buffett was a lead architect in the Burger King deal and has been criticized for supporting the “tax inversion” given his previously outspoken support of US…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.