Charlie Munger Said There's Danger in 'Shoveling Out Money' Because Life Gets A Little Hard—'At Some Point, You've Got To Suck It In and Cope, Buddy'

Sometimes, life gets harder—and there's no bailout coming. That was the message Charlie Munger delivered to a room full of students in 2010, long before "stimulus checks" became a household phrase. Munger, the billionaire vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffett, was speaking at the Ross School of Business at the University of Michigan in a conversation moderated by CNBC's Becky Quick. The country was still reeling from the 2008 financial crisis, and public anger ...