Charlie Munger warns there are 'lots of troubles coming' because of 'too much wretched excess'

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“The economists of the world thought they knew a lot more than they did.” Here’s what Warren Buffett’s longtime business partner Charlie Munger had to say at the Daily Journal annual shareholders meeting.

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future on Wednesday.

Munger — who chairs the publisher — highlighted how much risk investors are taking when investing, particularly in China. In the U.S. alone, investors face risks ranging from the coronavirus' impact on the economy to political uncertainty from the upcoming presidential election. Also, the Treasury announced on Wednesday'Bulls--- earnings'

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