Charlie Munger, billionaire investor and longtime business partner of Warren Buffett, issued a stark warning on the persistent price pressures gripping the U.S. economy, saying at a Wednesday event in Los Angeles that inflation was a “huge danger” and “possibly the way democracies die.”
The 98-year-old Munger made the somber remarks during a wide-ranging discussion at the annual general meeting of Los Angeles-based publication Daily Journal, a company he has led since 1977.
