In an interview recently, Charlie Munger warned about the biggest inflationary bubble in world history bursting and shared his thoughts on how it is going to unfold. He elaborated on the difficulty of building wealth for the young generation of today compared to his. Charlie said that we’re flirting with serious trouble and the consequences may be worse than what Paul Volcker was dealing with in the 1970s.
Here is the transcript I have prepared based on what Charlie said.
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