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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger, by Charles T. Munger

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Charlie coins the term “febezzlement”—the functional equivalent of embezzlement—to explain how wealth is stripped away by layers of unnecessary investment managers and consultants.
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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
by Charles T. Munger
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