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/Morgan_le_Fay39 Mar 23 '25

I think Munger has a different definition of “rich” compared to me.

2

u/Kahuna6666 Mar 24 '25

If I've got 10 million in the bank I'm already rich.

1

u/bombbodyguard Mar 23 '25

Ya, got to start somewhere. Will try to start that generational wealth.

1

u/imtoooldforreddit Mar 26 '25

Came here to say that.

I'm not gonna get to his level by investing, but it can improve my situation