It took Berkshire Hathaway vice chairman Charlie Munger years of hard work, patience, and careful financial decision-making to get to where he is today. But instead of following in the tried-and-true footsteps of Munger and his friend Warren Buffett, too many investors allow themselves to buy into get-rich-quick schemes and dubious advice from so-called financial gurus. In this video, Munger reminds investors why there are no guarantees in investing—and why investors should think twice before entrusting their financial futures to someone claiming otherwise.
