In a 1998 Berkshire Hathaway shareholder meeting, renowned investor, Charlie Munger, unveiled his three-step strategy for wealth accumulation starting from scratch.What Happened: Munger discussed the challenge of building wealth from ground zero. He underscored that rationality, opportunism, and substantial saving are key to wealth creation.During the meeting, Munger advised saving a substantial part of one’s income. He illustrated that by saving $2000 a month from a $100,000 salary, one could amass $100,000 in just over three years.In the second step, Munger advocated for the use of knowledge ...Full story available on Benzinga.com