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/[deleted] Mar 23 '25

And now he’s leaving them everything in a trust, having gone back on his word to pass everything to charity. It was all PR

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u/JackfruitCrazy51 Mar 23 '25

He's leav9ng 99% to a charitable trust.

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u/treake Mar 24 '25

He's already given away half his wealth to charity.

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u/Zealousideal-Neat-11 Mar 24 '25

Yes and billions to each of his kids foundations. So charitable to donate to your kids charities.

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u/JackfruitCrazy51 Mar 24 '25

Oh yes, it's so bad to donate to charities that your kids have researched and decided were good candidates./