The late Charlie Munger, vice chairman of Berkshire Hathaway, repeatedly stated that wealth comes from holding assets that appreciate year by year over the long term, including knowledge. From his remarks at shareholder meetings and public speeches, we can summarize five types of assets that he believed were worth investing in for the long term.
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The late Charlie Munger, vice chairman of Berkshire Hathaway, repeatedly stated that wealth comes from holding assets that appreciate year by year over the long term, including knowledge. From his remarks at shareholder meetings and public speeches, we can summarize five types of assets that he believed were worth investing in for the long term.