| When inflation was high in the 1970s, the Federal Reserve took dramatic measures to bring it down, regardless of the economic implications, and Charlie Munger sees parallels between then and the current market situation. Munger stated, "It's motivated by jealousy," earlier this year at the annual meeting of the newspaper company where he serves as a director, the Daily Journal. Forbes estimates the 98-year-wealth old's to be $2.2 billion. He also stated that envy is common and easy to feel. DISCLAIMER: Invest Wise are not financial advisors or brokers. All the information, strategies, tips & tricks etc. shared on this channel are for entertainment, educational and informational purposes only. 🌍Please subscribe if you enjoyed our content and want to learn more on finance, business and investing! 🔔Hit the bell next to subscribe so you never miss a video! Thank you for your support 💚 #charliemunger #personalfinance #financialindependence #howtosavemoney #howtogetrich#stocks ,#investing , #charliemunger #recession2023 |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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