- Charlie Munger warns of brewing storm in US commercial property market as banks are full of bad loans.
- Banks are pulling back from lending to commercial developers.
- Berkshire Hathaway has so far stayed on the sidelines of the current bout of turmoil.
- Munger warns that the golden age for investing is over and investors will need to contend with a period of lower returns.
- Munger criticizes the glut of investment managers and too much private equity.
Charlie Munger: US banks are ‘full of’ bad commercial property loans
Berkshire Hathaway vice-chair foresees pain in FT interview, but says it will not be as severe as 2008
Harriet Agnew
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