The market system is brutal and leaves behind people who are perfectly wonderful but lack market-related talents or have bad luck, but this problem exists within a system that generates enormous aggregate wealth.

factualpending

Speaker

Charlie Munger

Evidence Quote

“the market system is brutal and it leaves behind people who are perfectly wonderful people who don't have market related talents and who are just unlucky”

Source

Bill Gates, Charlie Munger, Warren Buffett on the socialism versus capitalism debate— CNBC Television
Created: 8/11/2026, 8:07:00 AM

My Notes

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