For the Getbig Buffett/Munger/Bogle disciples....comments from Munger from the 2021 Berkshire Shareholder meeting....does this sound like buy and hold forever is a good strategy?
“Bernie Sanders has basically won," the 97-year old said. "He did it by accident, but he won."
Munger then followed up with a sad truth which the largest US generation will hate to hear: "the millennial generation is going to have a hell of a time getting rich compared to our generation" the billionaire said, referring to its engagement with the stock market, where for now at least, millennials appear to be winning but Munger is confident that it will all end in tears.
Munger then slammed the retail investing euphoria and froth seen across multiple assets, saying we have a lot to be ashamed of for current conditions. “It’s not just stupid, it’s shameful,” he says describing what’s going on.