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I have become less impressed with Charlie Munger as time goes by. He has had a lot of financial success. However, lately in his old age he is sounding more and
by coreycoto 5y ago
I have become less impressed with Charlie Munger as time goes by. He has had a lot of financial success. However, lately in his old age he is sounding more and more like a jerk and tone-deaf.
> “What makes capitalism work is the fact that if you’re an able-bodied young person, if you refuse to work, you suffer a fair amount of agony, and because of that agony, the whole economic system works,” he said, adding effective, prospering economies have traditionally imposed hardship on young people who don’t want to work.
> “You take away that hardship and say ‘you can stay home and get more than if you come in to work,’ that’s quite disruptive to an economic system like ours,” Munger added. “The next time we do this, I don’t think we ought to be so liberal.”
Also this: https://www.cnn.com/2021/10/29/business/ucsb-munger-hall/index.html https://www.cnn.com/2021/10/29/business/ucsb-munger-hall/ind...