Some people wait around hoping life will just hand them wealth because they really, really want it. Charlie Munger would've raised an eyebrow—and then told you to cut it out.
The late Munger, legendary investor, Berkshire Hathaway (NYSE:BRK, BRK.B)) vice chair, and Warren Buffett's right-hand man for more than five decades, didn't sugarcoat the truth. At a 2005 Wesco Financial meeting, Munger gave one of his more sobering—and practical—rundowns on what it actually takes to win in life and money. It wasn't all optimism and bootstraps. It was realism, sharpened by wit.
