In an insane moment, Trump ADMITS that he will unfreeze Iran's money, the exact same thing he criticized President Obama for, but Trump's will be unfreezing way more of Iran's money.
Why was it wrong when Obama did it, but not for Trump?
None of this makes any sense, except as desperate rationalizations from a man who cannot face facts and admit defeat. The president of the United States seems to be losing his grip on reality itself.
https://t.co/Yy5bQKxqAC
While the U.S. has seen a decline in cancer rates, diagnoses in Iowa are on the rise. It now has the second-highest cancer incidence in the country.
@newshourfred reports.
In 1955, Charlie Munger was 31 years old, divorced, broke, and burying his 9-year-old son.
His son Teddy had died of leukemia. There was no health insurance for childhood cancer in those days.
Munger spent the next 70 years rebuilding.
The collapse had started 2 years earlier. Munger was a junior lawyer in Pasadena making $3,300 a year, about $35,000 in today's money. His marriage of 8 years ended in 1953. His ex-wife kept the house. He moved into a dreary room at a club for single men in town and drove a beat-up yellow Pontiac with paint peeling off the doors. He was paying child support on 3 small children with almost nothing left over.
A year later, Teddy was diagnosed with leukemia. The disease was a death sentence in 1954. There was no treatment. The fatality rate, as Munger would say later, was 100%.
He spent the next year paying medical bills out of pocket and watching his son die. Munger's friend Rick Guerin recalled what it looked like. Munger would go to the hospital, hold Teddy in his arms, then walk the streets of Pasadena alone, crying.
Teddy died in 1955.
Munger was 31. He had 2 surviving children, no money, no wife, and a job he didn't particularly like. He could have collapsed. Almost anyone would have.
He didn't.
He kept working at the law firm. He started a real estate side business with friends. He read constantly, in every subject he could find. By the late 1950s, the real estate work was making him real money. In 1959 he met a young investor in Omaha named Warren Buffett at a dinner party, and they recognized each other immediately. By 1962 he had co-founded a law firm called Munger, Tolles & Olson and started an investment partnership called Wheeler, Munger & Co. that ran for the next 13 years and compounded at over 24% a year.
He married Nancy Barry Borthwick in 1956, a year after Teddy died. They were together until her death in 2010, raised 6 children between them, and stayed married for 54 years.
By his death in November 2023, at age 99, Munger was worth over $2 billion, had sat on Berkshire Hathaway's board for 45 years, and was considered one of the most original thinkers in modern investing. He had been called the wise old man of American business so long that most people who quoted him had no memory of him being anything else.
This story usually gets told as proof that Munger was unusually tough. He wasn't. He cried for years over Teddy's death. He talked about it for the rest of his life as the thing that almost broke him.
What he had was a different gift. He noticed, while the tragedy was happening, that grief and self-pity could compound just like wealth could. He decided, on purpose, that he wasn't going to let them.
He said it himself later.
"You should never, when facing some unbelievable tragedy, let one tragedy increase to two or three through your own failure of will."
Today, my wife & I joined Donald Trump’s hit list. He has directed his Department of Justice to investigate us. They have not found a crime - they are simply trying to find one.
He isn't coming after me because of mean tweets, but because I am considering running for President.
He hates that I consistently call him out. He is simply the most corrupt President in American history.
We have nothing to hide.
Mr. President, come after me. I am not going anywhere.
The country is watching.
UFC fighter Bryce Mitchell criticizes Trump's White House UFC fight:
Our government is desecrating its role in society by hosting sporting events. Our tax dollars and resources are funding this operation. The government is supposed to protect us, not entertain us.