Dear Investors, Welcome to this week’s edition of the Myth of Money. If you would like to keep in closer touch, please reach out on X (formerly Twitter) below. This week marks a sad time for the investment world as Charlie Munger, the influential vice chairman of Berkshire Hathaway, passed away at the age of 99. His impact on the company and Warren Buffett, the renowned investor, is monumental. Munger was integral in shifting Buffett's investment strategy from solely focusing on undervalued stocks to embracing long-term investments in high-value companies. This approach led Berkshire Hathaway to invest in enduring franchises like Coca-Cola and American Express, transforming them into compound interest machines.
This dude lived to be 99. He could wait, but the rest of us can't. Anyone not a boomer will not likely live to 99.
He funded the worst companies, that have raped and robbed us of our future. No one else will get the time to wait like he and his cronies did.
Why are we celebrating the environmental and economical destruction people like this have caused. They were set up for success by their era. I know so many stupid boomers with money, it's incredible. If they were truly exceptional they would have saved the world for others because they could see how important it was to not be a greedy f**k.
But they didn't. They served themselves. I am not sorry he died. I am sorry he wasn't a better, more humane person who left a legacy that should be celebrated. I never met the guy. I wasn't impressed by his TV appearances or actions. I was waiting for him to do something more and he didn't.
The big money is in the waiting.
This dude lived to be 99. He could wait, but the rest of us can't. Anyone not a boomer will not likely live to 99.
He funded the worst companies, that have raped and robbed us of our future. No one else will get the time to wait like he and his cronies did.
Why are we celebrating the environmental and economical destruction people like this have caused. They were set up for success by their era. I know so many stupid boomers with money, it's incredible. If they were truly exceptional they would have saved the world for others because they could see how important it was to not be a greedy f**k.
But they didn't. They served themselves. I am not sorry he died. I am sorry he wasn't a better, more humane person who left a legacy that should be celebrated. I never met the guy. I wasn't impressed by his TV appearances or actions. I was waiting for him to do something more and he didn't.