Charlie Munger is the billionaire extraordinaire who wears many hats, including being the director of Daily Journal Corp. and the longtime vice chairman of the legendary Warren Buffett’s holding firm Berkshire Hathaway Inc. His decades-long experience in investing and finance makes him a force to be reckoned with.
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Munger has some advice for young investors who are looking to make their mark in the world of finance. He’s warning the latest batch of college grads that getting rich and staying that way might be tougher than it used to be. According to Munger, two significant hurdles stand in the way of young people trying to get and stay rich: inflation and skyrocketing real estate prices and the increasingly complex nature of investing.
Real estate: According to Munger, the…
