Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting -based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
![Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have Image](https://www.idlehearts.com/images/over-the-years-charlie-munger-berkshire-hathaway-vice-chairman-and-i-have.jpg?x85372 "Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have")
