A 99-Year-Old Billionaire Investor Issued an Alarming Prediction About the Stock Market and Your Investments Over the Next Decade.
<p>Charlie Munger might seem like an unimposing and modest intellect good at spotting winning investments.</p>
<p>He goes beyond that.</p>
<p>He’s the epitome of resilience.</p>
<p>Munger watched his son slowly die of cancer at age nine. He experienced the harsh realities of the Great Depression and lived through World War II’s devastation and chaos.</p>
<p>At 30, he was divorced and broke.</p>
<p>Despite earning similar incomes over their lifetimes, Munger’s more famous business partner Warren Buffett emerged substantially wealthier.</p>
<p>While both have enjoyed successful investing careers, Buffett’s early start at 19 has been attributed to his more substantial wealth.</p>
<p>Over the years, people have inevitably compared the two renowned investors. Munger has a wealth of knowledge when it comes to money.</p>
<p>Charlie Munger donated most of his wealth in his earlier years to various charities losing out on the compounding effects of interest, leaving his net worth at around $<a href="https://en.wikipedia.org/wiki/Charlie_Munger#:~:text=among%20other%20things.-,Wealth%20and%20philanthropy,%241.9%20billion%20according%20to%20Forbes." rel="noopener ugc nofollow" target="_blank">2.3 billion</a> against Warren Buffett’s net worth of $<a href="https://en.wikipedia.org/wiki/Warren_Buffett#:~:text=He%20is%20currently%20the%20chairman,the%20world's%20fifth%2Dwealthiest%20person.&text=Omaha%2C%20Nebraska%2C%20U.S.&text=Buffett%20was%20born%20in%20Omaha%2C%20Nebraska." rel="noopener ugc nofollow" target="_blank">107 billion</a>.</p>
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