Charlie Munger: Global Warming is ‘a serious problem’

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Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, shares his thoughts on climate change.

Video Transcript

CHARLIE MUNGER: It's very hard to fix the global warming problem when the poor countries need to burn coal to stay alive and so on. And so it's a serious problem. And on the other hand, we have a fair amount of time to do it. And a rich civilization can afford to do it if we absolutely have to. If the seas were to rise 60 feet, which could happen in another 100 years or so, 60 feet, we'd have to build enormous barriers to sea entry. Florida would have a really serious problem.