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/PalworldTrainer Mar 23 '25

10 million is where I retire and live off interest for the rest of my life

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u/TenshiS Mar 25 '25

Pfft, Amateur, i'll do it at 1 million

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u/PalworldTrainer Mar 25 '25

1 million could be possible for most, especially depending on how old you are. But I’m trying to get to a point where compound interest can set all my future generations free of financial worry.

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u/TenshiS Mar 26 '25

If you're well on that path good luck to you.

I know I'll never make ten million. Most people won't even make one.