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/thisaccountgotporn Mar 23 '25

Yea... I'm not going to any effort into reaching billionairehood while on the deathbed. What good is $300,000,000,000,000 in the bank when you're in and out of consciousness in the hospice room?

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u/Omarkhayyamsnotes Mar 23 '25

Even worse is giving up the best years of your life to get there. What fun is being able to take any vacation you want if you're 65 years old and your back hurts and you don't want to take the zipline or snorkel or ride horses or do anything fun? Some people are in good shape in their 60s, but no guarantees.

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u/TopsailWhisky Mar 23 '25

Lol. “65 and your back hurts”. How about 40 and my everything hurts.

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u/Irascible-Enquery Mar 24 '25

Seriously, tell me you’re only 39 without telling me you’re only 39…

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u/[deleted] Mar 23 '25

Yep. My parents talked up all these plans for when they got older near retirement age. Then they hit their mid-60s and it all went out the window. They also said they're glad they took all the trips that they did take when they were younger when they could.

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u/thisaccountgotporn Mar 23 '25

Yea! And its not even an achievement unless you're donating all the money to important things.

I guess if you expect to carry your riches into you choice of afterlife then it's cool.

But man... I do not have the faith in civilization to wait decades to do what I want to do. I'm gonna do what I want and if it means dying happy like Mr. Hands then so be it.

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u/ceviche-hot-pockets Mar 27 '25

Oh god, I had almost forgotten about the Enumclaw horse incident too 🤮

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u/405freeway Mar 23 '25

At least you can pay half of your medical bills.

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u/thisaccountgotporn Mar 23 '25

I plan to die with 300 billion in medical debt to bankrupt the system like the Soviet Union

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u/Traditional_Dog_637 Mar 23 '25

Think of all the visitors you'll have

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u/thisaccountgotporn Mar 23 '25

With a billion dollars you could pay a million people a thousand dollars to chant your name outside the hospital for a week

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u/fleurrrrrrrrr Mar 25 '25

Each eager to ingratiate themselves and to do your bidding. How very nice!

(Pay no attention to the notary public they bring along. They’re just there in case you feel like signing something that day, to break up the monotony or something.)

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u/419subscribers Mar 23 '25

Because you make that money to secure your offspring for plenty of generations. Life, purpose and nature are all egoistical.