LeoLau

At age 50, Munger's stocks were cut in half, only recovering after 16 years
You only see Munger's wisdom and wealth, but you may not know that he faced the darkest lows of his life at age 50.
And he climbed out of this quagmire, taking a full 16 years.
Before the 1973 stock market crash, Munger achieved an astonishing annualized return of 22%.
Subsequently, the U.S. stock market collapsed, and his partnership lost 53%.
And he personally used leverage, with his net worth declining even more.
On a cold winter night that year, Munger drove home looking haggard.
Passing by a gas stat

So magical…
Is the US going to pay compensation?
Is that for real?
Then who will pay?
Will the money Cz was fined be refunded…
Too good to be true.

Investment veteran Roger（Rogers） says that right now, everything is rising. The world situation is extremely complicated. He only buys gold and silver, and the U.S. stock market has basically been “polished clean.” It’s very rare that Mr. Buffett holds more than $300 billion in cash. Financial institutions and major players around the world have issued warnings: “Risk is coming!”
But after Trump’s visit to China, expectations for the world’s most important bilateral relationship have become stable.
The Russia-Ukraine conflict is very likely to end this year, and Western media have rarely repor