Charlie Munger Blasts Bankers and High-Frequency Trading

Friday, 3 May 2013 | 6:23 PM ET
Charlie Munger On the Record: The Full Interview
Berkshire's number two man Charlie Munger talks to CNBC's Becky Quick about the economy, Israel, the Flash Crash and why high-frequency trading is "evil." He also discusses the situation in Washington: We wouldn't have our Constitution if politicians then behaved like politicians now, he says.

Charlie Munger, Warren Buffett's long-time business partner, isn't mellowing much in his old age.

The 89-year-old Berkshire Hathaway vice chairman is known for speaking his mind at the company's annual shareholder gathering.

Ahead of his marathon 6-hour question-and-answer session with Buffett tomorrow, Munger sat down for an interview with CNBC Squawk Box anchor Becky Quick.

Among the highlights: Munger compared bankers to heroin addicts and called high-frequency trading "legalized front running."

Here's the complete 37-minute interview:

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