Charlie Munger's entire portfolio fit in one sentence.
His three holdings were Berkshire Hathaway, Costco, and Li Lu's partnership. He said it at almost 95.
Then he asked the question most people would be too proud to ask. Am I securely rich? His answer was that you're damn right he is.
Think about the shape of that list. No index funds. No sector bets. No rebalancing calendar. Three names, held for decades, and understood well enough to be explained in plain language.
His reason is not that diversification is stupid. It is that real knowledge is expensive. Learning one business well takes years of reading, and nobody has enough years for forty of them.
So he chose depth. He said he would rather put his family's future behind three businesses he could explain than behind a wide group he could not.
Li Lu, who runs the third holding, was a man Munger had long admired and invested alongside. Costco was a business Munger called a "total addict" to, and he sat on its board.
Munger also understood what that choice costs. Three names means every mistake hits harder, and there is no index to soften the blow.
Most investors will never accept that trade. Munger did, and he kept the same three names for decades.
Warren Buffett still owned about $140 billion of Berkshire stock this summer. His three children will give it away, but they will not inherit it.
At 95, he went further on live TV.
In the video below, Buffett tells CNBC’s Becky Quick that anyone designing an ideal society “wouldn’t design the inheritance laws.”
In 1986, he told Fortune his kids should get enough to “do anything, but not so much that they could do nothing.”
He said a fortune handed over for coming “out of the right womb” could be “harmful.”
His son Peter has said each child got $90,000 in Berkshire stock when they were younger.
From 2006, Buffett gave the Gates Foundation more than $47 billion.
On May 2, 2026, he watched the Berkshire meeting from the audience, a first in 60 years.
He told Quick that America’s split of its wealth “is about as inequitable as you can come up with.”
“Anybody that has a choice would choose to be born in America,” he said.
In July, he said the rest of his stock goes to foundations run by his family. Howard, Susie and Peter must agree unanimously. All of it must go out by the end of 2034.
The case for Buffett: kids who never need money keep their drive.
The case against: most parents in America pass their money on without apology.
Would you leave your kids almost everything, or just enough to do anything?
Russell Brand was sentenced to 10 years and six months in prison. The court did not order a fine, and no compensation figure was reported.
What did change is the money around him. Celebrity Net Worth estimates his fortune at about $20 million in 2026. That is a third-party estimate, not a court finding and not a verified number. Treat it as a rough order of magnitude, nothing more.
Reports also say YouTube suspended monetization on his channels after the verdict, and several entertainment companies distanced themselves from him.
For a man whose income came from stand-up tours, podcasts and film work, that is a sudden cut in revenue. The reports do not say how large that loss is, so no number goes here.
The women who testified gained nothing from this. Their case was about what happened to them between 2004 and 2009.
Brand denies all the charges. The judge, Joel Bennathan, called him a sexual predator and cited his staggering arrogance. He also spoke of a casual and arrogant disregard for the wishes of the women who testified. Brand was convicted of one count of rape and three counts of sexual assault after a trial that lasted nearly four weeks. He was found guilty of four offences in total and not guilty of three others.
The conviction can still be challenged on appeal, so the financial picture is not settled either.
NOBODY TALKS ABOUT THIS EDGE
IT’S NOT PICKING WINNERS. IT’S SKIPPING RUGS. GROK DID IT ALL NIGHT WHILE I SLEPT AND TURNED $68 INTO $2,313.70.
Most https://t.co/iFxLuvuvRk losses come from coins you never should have touched.
So I built a bot that says no first.
10 agents, one check each, before a cent moves. Fail one and the coin is dead.
Checks 1–4 · solana-risk-engine
Who the creator is and how many rugs they pulled. How many real wallets hold the top 10. Whether the liquidity is real. Whether it’s a clone.
https://t.co/zuiJUxsQFe
Checks 5–6 · godmode
Whether bundlers are linked. Where their money came from.
https://t.co/pBlt1uDVne
Checks 7–10 · rugcheck-ai
Mint off. Freeze off. A sell route that works. No Token-2022 trap.
https://t.co/VV7GUGJeHT
At 02:13 one coin passed all 10. Creator with 0 rugs. Real liquidity. No bundle cluster. Mint and freeze revoked. Grok bought.
Another had no sell route. Honeypot. Blocked.
5 years of trading taught me the money is in skipping the rugs you’d buy at 3am.
By 08:00: $2,313.70 from $68. 79% win rate.
All 3 repos are free. Save this before your next 3am ape.
@ergodonx Endometriosis and a 583-man stunt in the same week is a medical decision, not just a business one. The scans coming back clean is luck, not a plan.
Jensen Huang founded Nvidia on the wrong graphics technology, and when no one knew the right way, he bought three textbooks from Fry's for a couple hundred dollars to rebuild the algorithm. Nvidia is worth more than $4 trillion today.
Ah yes, there was a time.
Charlie Munger literally explained why he thinks pure socialism fails. It's not a theory. It's a farm.
He tells the story of Chinese peasants starving on collective farms. So they split the land, one farm each, even though it was risky. Nobody was sure it would work. The state had already tried the other way, and people were dying.
Output jumped fast. Over six years, China's grain harvest rose by about a third, from roughly 305 to 407 million tons. His point: people work harder when they keep what they grow.
Then he said the line that stuck. "If you're a pure socialist, you're a nutcase."
"And not a modest nutcase. A real nutcase."
He called Bernie Sanders and Elizabeth Warren smart people. In his view, they just never learned the basics from Adam Smith. Smart people can still be wrong about the basics.
Munger still wants a bigger safety net for the West. He says a rich country should look after its weakest members. His catch is simple. Reward effort, and output follows. Take away the reward, and the harvest pays for it.
Oddly, he has praised Sanders before. In 2021 he said Sanders had "basically won" the fight on inequality. Same man, same wallet, two opinions. That tension is worth watching.