This really reminds of the book "The Fountainhead" of "Ayn Rand".
https://en.wikipedia.org/wiki/The_Fountainhead
There is logic behind the words of Charles Munger and also on his opposition. Frankly though if Charles Munger is financing the project they should let them do it. It might work out great or terribly. We'll find out and Charles Munger will pay for it.