Believing in luck a national defect in China: Buffett's aide
Billionaire and Warren Buffett’s business partner at Berkshire Hathaway, Charles Munger, has said that too many people in China "believe in luck and gamble, and that’s a national defect”. However, China has been effective in lifting workers out of poverty, Munger stated. About India, Munger said it is a country where people are burdened by a system that thwarts progress. 