How To Build A Passive Income Stream That Lasts Forever | Charlie Munger

Описание: we break down Munger’s philosophy on building a Perpetual Income Machine. We explain why he and Warren Buffett preferred "Toll Bridge" assets—businesses that are so essential to society that they have a monopoly on the customer’s wallet, allowing them to raise prices forever without losing volume.

We analyze the specific mechanics of "The Cannibals"—companies that aggressively buy back their own shares. This is Munger’s favorite form of passive income, where your ownership stake in the business grows automatically every year, tax-free, without you lifting a finger.

In this video, you will discover:

The "Toll Bridge" Concept: Why you must own businesses that people have to use (like utilities, railroads, or payment networks) rather than businesses they choose to use.

The "Cannibal" Strategy: How to find companies that are "eating themselves" (share buybacks) to artificially accelerate the value of your shares, creating a mathematical floor under the stock price.

The Inflation Shield: Why a passive income stream is worthless if it doesn't grow faster than inflation, and Munger’s rule for identifying "Pricing Power" (the only true protection against a dying currency).

The "Sit On Your Ass" Investing: Munger’s argument that hyperactivity is the enemy of wealth. Why the hardest part of passive income is having the character to do absolutely nothing for a decade.

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Do you want "passive income" that requires weekly maintenance, or are you looking for a true "forever" asset?

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