# Charlie was roughly 38 years old in 1962 **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [May 12, 2023, 2:39am UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263 "2023-05-12T02:39:26Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [May 12, 2023, 2:39am UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/1 "2023-05-12T02:39:26Z")
$1000 becomes $1 million. Yes you are late to this party. > **[Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962...](https://finance.yahoo.com/news/charlie-munger-pockets-70-000-185148690.html)** > > Charlie Munger, Warren Buffett's right-hand man, spent $1,000 on oil royalties in 1962. He now receives 70 times that amount from them each year. ---
**Author:** ![syke6](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/syke6/32/26265_2.png) [@syke6](https://discussion.fool.com/u/syke6)\ **Post date:** [May 12, 2023, 3:57pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/2 "2023-05-12T15:57:35Z")
Time in the market beats timing the market. $81.5 billion of Warren Buffett’s $84.5 billion net worth came after his 65th birthday. ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [May 12, 2023, 5:22pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/3 "2023-05-12T17:22:58Z")
Buffett might fess up it is not an either/or. ---
**Author:** ![iampops5](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/iampops5/32/1543_2.png) [@iampops5](https://discussion.fool.com/u/iampops5)\ **Post date:** [May 12, 2023, 7:57pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/4 "2023-05-12T19:57:43Z")
My 1700 sf childhood home was worth $10k in 1962. Munger was well off to start with if he was making $1000 single stock purchases in 1962. Not to say he wasn’t also a good investor…… ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [May 12, 2023, 8:11pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/5 "2023-05-12T20:11:57Z")
> [@iampops5](#): > > Munger was well off… At the time he was in his late 30s, had studied math before WW2 and then after the war went to Harvard Law and graduated _magna sum laude_. In 1962 he was a successful real estate lawyer. DB2 ---
**Author:** ![iampops5](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/iampops5/32/1543_2.png) [@iampops5](https://discussion.fool.com/u/iampops5)\ **Post date:** [May 12, 2023, 8:42pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/6 "2023-05-12T20:42:56Z")
Did the nanny filter block your attempt to spell magna c laude correctly? ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [May 12, 2023, 9:40pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/7 "2023-05-12T21:40:03Z")
Yep. C\_m is a no-no word, even in Latin. DB2 ---
**Author:** ![iampops5](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/iampops5/32/1543_2.png) [@iampops5](https://discussion.fool.com/u/iampops5)\ **Post date:** [May 12, 2023, 10:04pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/8 "2023-05-12T22:04:32Z")
Not that it matters. My law school was not Harvard and my performance could best be described as,‘Magna Sine Laude’. ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [May 12, 2023, 10:30pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/9 "2023-05-12T22:30:58Z")
> [@iampops5](#): > > my performance could best be described as,‘Magna Sine Laude’. Does that mean your academic performance went up and down like a sine wave? DB2 ---
**Author:** ![MataroPete](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/mataropete/32/16060_2.png) [@MataroPete](https://discussion.fool.com/u/MataroPete)\ **Post date:** [December 27, 2023, 3:13pm UTC](https://discussion.fool.com/t/charlie-was-roughly-38-years-old-in-1962/92263/10 "2023-12-27T15:13:03Z")
> [@DrBob2](#): > > Does that mean your academic performance went up and down like a sine wave? Summa times, and summa times it is without laude at all. Pete