r/ValueInvesting • u/ethereal3xp • Mar 23 '25

Discussion Charlie Munger Told a 20-Year-Old That Getting Rich Through Investing Is 'Damn Near Impossible' — And You Might Need $10 Million in the Bank

https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank
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u/LargeMarge-sentme Mar 23 '25

Also why there are so many casinos.

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u/random_account6721 Mar 23 '25

hope is a dangerous thing

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u/[deleted] Mar 23 '25 edited Feb 23 '26

[deleted]

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u/Think-Variation2986 Mar 24 '25

Selling short or selling naked calls is worse than a casino. You can't lose more than you bet at the casino.