Charlie Munger’s Final Years: Still Investing Boldly at 99, Backing a Young Neighbor to Build a $3B Real Estate Empire
Charlie Munger’s final chapter was not a quiet retirement by the sea, but a period marked by bold contrarian investing, new partnerships, and an undiminished passion for business. According to a recent Wall Street Journal feature, Munger chose to remain in his modest, air-conditionless Los Angeles home rather than move to his oceanfront estate in Montecito—simply because it kept him closer to people and projects that still excited him. In the last year of his life, Munger made a surprising re...
Charlie Munger’s Final Years: Still Investing Boldly at 99, Backing a Young Neighbor to Build a $3B Real Estate Empire
Charlie Munger’s final chapter was not a quiet retirement by the sea, but a period marked by bold contrarian investing, new partnerships, and an undiminished passion for business. According to a recent Wall Street Journal feature, Munger chose to remain in his modest, air-conditionless Los Angeles home rather than move to his oceanfront estate in Montecito—simply because it kept him closer to people and projects that still excited him. In the last year of his life, Munger made a surprising re...
An $8B Time Bomb in DeFi — and Only $93M Has Exploded So Far
In traditional finance, fund managers were once seen as the gatekeepers of trust — polished resumes, elite degrees, and the promise of “professional risk management.” Retail investors in China’s stock boom idolized them, believing funds were a safer, smarter alternative to trading stocks themselves. But when the market turned, that illusion shattered. Investors learned that “professionalism” doesn’t hedge systemic risk — and worse, fund managers earned fees and performance bonuses whether inv...
An $8B Time Bomb in DeFi — and Only $93M Has Exploded So Far
In traditional finance, fund managers were once seen as the gatekeepers of trust — polished resumes, elite degrees, and the promise of “professional risk management.” Retail investors in China’s stock boom idolized them, believing funds were a safer, smarter alternative to trading stocks themselves. But when the market turned, that illusion shattered. Investors learned that “professionalism” doesn’t hedge systemic risk — and worse, fund managers earned fees and performance bonuses whether inv...
