To The Moon

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Billionaire and investment legend Charlie Munger passed away on Tuesday at the age of 99. As the long-time Vice Chairman of Berkshire Hathaway, he was Warren Buffett's trusted confidant. Munger, celebrated for his sharp intellect and profound investment philosophy, leaves behind a legacy that will continue to influence generations of investors. Munger once said, "Our goal is to understand the world, not to predict it." This principle aligns with the concept of index funds, which focus on understanding the overall market instead of attempting to predict the movement of individual stocks. His views on investment were further demonstrated in his mockery of diversification. During the 2021 shareholder meeting of the Daily Journal Corporation, Munger particularly ridiculed financial professiona