Liveblogging the Berkshire Hathaway annual meeting - The Curious Capitalist - Justin Fox - Economy - Markets - Business - TIME
11:54 a.m. A guy from Arizona asks a question about worldwide food shortages. Munger fields that one: "The policy of turning American corn into motor fuel is one of the dumbest ideas in the history of the world." The crowd--remember we're in Nebraska--erupts in appluase. "This idea is so dumb." says Munger, "I think it's probably on it's way out."
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And Don't Forget - Al Gore, the inventor of The Internet, Nobel Prize Winner, Inventor of the Giant Contiguous Photovoltaic Cell Obscura, pushed ethanol from corn down America's throats - at the cost of more energy than ethanol can produce.
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