Charlie Munger’s Three-Step Wealth Accumulation Strategy: ‘Save Diligently, Seize Opportunities, And Continuously Self-Educate’
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 […]
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