How Charlie Munger came back from a major life setback and a terrible first business, to make his first million.
The rest of this article is for members only.
The central problem of business is that you find something lucrative, and then competitors copy you and drive profits down to the opportunity cost of capital. This is what that looks like.
How Charlie Munger came back from a major life setback and a terrible first business, to make his first million.
The rest of this article is for members only.