Charlie Munger's 3 Categories of Investment: In, Out & Too Tough

8. Favorite Political System

Excellent Book: Charlie Munger For All Seasons

My favorite political system in terms of being adapted to its particular circumstances successfully is Singapore. I think Singapore is the single most successful governmental system to exist in the world. They’ve taken a small swamp from nowhere to a very credible place. They are doing the Lord’s work in a number of very important ways. I’m sorry they are their bringing in derivatives trading, even Heaven makes mistakes.