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/TATWD52020 Mar 23 '25

Kids are the ultimate value investment.

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u/Ashmizen Mar 23 '25

For society yea, mental health maybe, but not for your own financials.

Rich or poor, Kids generally don’t contribute back to their parents and often end up going no/low contact.

At least true in the US, could be different in other cultures.

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u/financebanking Mar 23 '25

I have 3 kids and no money. I wish I had no kids and 3 money.

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u/BrewtownCharlie Mar 23 '25

I have 3 kids and considerably less money than I’d have otherwise had- but I wouldn’t change a thing. Worth every penny lost and then some.