We don't claim to have perfect morals, but at least we have a huge area of things that, while legal, are beneath us. We won't do them. Currently, there's a culture in Americathat says that anything that won't send you to prison is OK.
Charlie Munger's comments on Berkshire Hathaway at the 2004 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 1, 2004.