From the archives: Charlie Munger’s final interview with the FT – warned that real estate is not a safe bet anymore

Speaking to the Financial Times from his Los Angeles home, Charlie Munger gave one of his last interviews in May this year. BizNews republished the interview in which Munger, Warren Buffett's longtime associate, raised concerns about a potential storm in the US commercial property market, citing banks laden with "bad loans" as property prices decline. He highlighted the troubles facing the financial system, acknowledging the challenges banks face in managing commercial property loans. Despite Berkshire Hathaway's history of supporting banks during crises, Munger indicated their hesitance amid a backdrop of turmoil in the sector. He also warned of a tougher investment landscape, with lower returns ahead and criticised the excess of investment managers and private equity.

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From the FT: Charlie Munger foresees more pain for banks – but not as bad as 2008

By Eric Platt and Harriet Agnew in Los Angeles for The Financial Times

Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks "full of" what he said were "bad loans" as property prices fall.

The comments from the 99-year-old investor and sidekick to billionaire Warren Buffett come as turmoil ripples through the country's financial system, which is reckoning with a potential commercial property crash following a handful of bank failures.

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