The late, great Charlie Munger, who ran Berkshire Hathaway with billionaire Warren Buffett until his passing, was famous for insightful quips about the markets and investing. One of his oft-repeated bits of wisdom is that the first $100,000 you save is the most difficult, but from there, it gets much easier.
But is this bit of folk wisdom true? And what point was Munger really trying to make about saving and investing when he said it? Read on to learn more.
