Alternating between praise and barbs for audience members, Charles Munger, the 87-year-old vice chairman of Berkshire Hathaway, conducted his final investor conference on Friday.
“You all need a new cult hero,” Munger (left) said, according to Bloomberg. “I’m doing you a favor” by ending the annual question-and-answer sessions with investors, he said.
The conference, called “A Morning with Charlie,” in Pasadena, Calif., was “three hours of observations on the deficiencies of bankers, the rise of China and the record of George W. Bush,” Bloomberg states.
He also criticized Bank of America, praised Costco Wholesale and said “he hopes he’s dead before Berkshire pays a dividend.”
“I think that some of you will live to see a Berkshire dividend, but I hope I don’t,” Munger said.