2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP494: The Worldly Wisdom of Charlie Munger

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Warren and Charlie's Life Advice for Young People

Berkshire Hathaway has a ton of momentum because of the great businesses they own. Charlie believes that when Warren is gone, the acquisition side of the business won't be as effective but will do just fine. Despite Warren being around or not, he expects the returns of the business to naturally decline over time. They're simply operating at a much larger scale than before.

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