Ask us anything: What's the key lesson from legendary investor Charlie Munger?

Dec 11, 2023

Legendary investor Charlie Munger shares his key lesson. The speakers discuss their financial habits, lack of investment guidance, and the significance of work experience. They explore the risks of doing nothing with money and the importance of investing for retirement. The hosts emphasize taking risks, introduce a book giveaway, and a new sponsor, Unbiased, who connects people with financial advisors.

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Introduction

00:00 • 2min

Inherited Financial Habits and Lack of Investment Guidance

01:50 • 2min

Lessons from Parents: Work Experience, Financial Foundation, and Cultural Differences in Living with Parents

04:10 • 2min

Financial Benefits, Risks, and Retirement Planning

06:14 • 3min

Taking Risks with Money, Book Giveaway, and Introducing a Sponsor

08:45 • 3min

You asked us:

What is the one key lesson we can learn from Charlie Munger’s legacy?
Were either of your parents financially savvy or has everything been self taught?
What are the true risks of doing nothing with money?

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.