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YahooOctober 20, 2026 at 10:31 AM NY7 Days Ago

Charlie Munger Said He Was Still Buying Apartment Complexes ‘To Give Me Something To Do’ but Ran Them the Opposite Way, ‘It’s All Deferred Gratification’

The choice he described at 99, to reinvest the rent rather than pay it out, is the opposite of the monthly-distribution model apartment funds sell to retail investors.

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