RIP Charlie Munger

What I love about both of them is that unlike the active fund managers that can't beat the market and spout their crap on CNBC both Buffett and Munger, together with the late Jack Bogle where on the side of the people, not wall street. To the dislike of the the Madoff's of this world they would just tell people the truth: Buy a low cost index fund and wait a few decades. Don't listen to forecasts. Don't time the market. If you do that you will beat 90% of active investors over the long term.
 
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