#15 - Should Matt Take Over His Mom's Cleaning Business? Also, RIP Charlie Munger

Stupid Tax

Mitchell and Scott ruminate on the life of Charlie Munger, legendary investor and vice chairman of Berkshire Hathaway who recently passed away at age 99. For decades, Munger was the right-hand man of perhaps the most famous investor of all time, Warren Buffett, and made a long string of successful invstments in diverse sectors such as insurance, banking, retail, and food. Munger amassed a fortune in the billions, but Scott questions the motivation of a man still working hard and chasing deals into his 90's.

Mitchell and Scott also address listener Matt's question (the same Matt who asked about purchasing his uncle's pest control business last episode) of whether he should work for, and potentially take over, his mother's cleaning business. The short answer? Probably not. As Mitchell puts it, whatever skills and hustle Matt could bring to the table for his mom's business could be put to work in another business -- his own business -- with far more upside.

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Mitchell Baldridge

Twitter: @baldridgecpa

https://baldridgecpa.ck.page

https://baldridgefinancial.com

Scott Hambrick

Twitter: @hambrickscott

IG: @ogscotthambrick

https://onlinegreatbooks.com

https://scotthambrick.com