meme crazy: “Charlie Munger once said, “Smart men go broke three ways:…”

Charlie Munger once said, “Smart men go broke three ways: liquor, ladies, and leverage.” Warren Buffett later clarified the real danger: leverage. 🔹 Liquor — bad habits destroy discipline 🔹 Ladies — distractions + drama = lost focus 🔹 Leverage — borrowing money to invest can wipe you out fast The lesson? Staying wealthy is less about brilliance and more about avoiding stupid, emotional decisions.