Charlie Munger's Warning On Liquor, Ladies And Leverage 'So True,' Says Chamath Palihapitiya: 'It Almost Broke Me'

Charlie Munger's Warning On Liquor, Ladies And Leverage 'So True,' Says Chamath Palihapitiya: 'It Almost Broke Me'

Charlie Munger once warned that "smart men go broke three ways: liquor, ladies and leverage." Venture capitalist Chamath Palihapitiya admits that the leverage he piled on during the pandemic bull run "almost broke" him. What Happened: Palihapitiya posted the admission on X while quoting the late Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) vice chair. This is so true. In 2020-2022, I tried leverage. It almost broke me. I will tell the full story so…