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Yahoo
a day ago
- Business
- Yahoo
Charlie Munger Turned $1,000 Into Over $1 Million — And Made His Unemployed Friend Rich Too: 'Trouble With That Story Is It Only Happened Once'
What do you get when you mix $1,000, an unemployed golf buddy, and Charlie Munger's brain? Apparently, a passive income stream that lasted decades. No hedge fund, no Wall Street pitch deck — just Munger, long before his Berkshire Hathaway days, spotting a scrappy oil royalty deal and turning it into one of the most quietly outrageous investments of his life. And the best part? He didn't go it alone — he brought his unemployed friend along for the million-dollar ride. Back in 1962, Munger was still practicing law in Los Angeles when he met Al Marshall, an out-of-work oil industry worker trying to buy mineral rights at auction. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Hasbro, MGM, and Skechers trust this AI marketing firm — Munger, seeing the flaws in Marshall's strategy but liking the bones of the deal, decided to go in with him. Each put up $1,000 and bought into oil royalties through what was then a legal tax shelter known as an AB trust, which was later outlawed. And the returns? Straight-up legendary. "Fifty years later we were getting $100,000 a year on that investment," Munger told the crowd at the 2016 Daily Journal shareholder meeting. "The trouble with that story is that it only happened once." He delivered it with a chuckle, but the message was clear: not every great investment is repeatable — which is exactly why you act when you spot one. Munger touched on the story again during his final Daily Journal meeting in 2023, a full-circle moment near the end of his career, where he once more emphasized the rarity of those life-changing opportunities. Trending: Maximize saving for your retirement and cut down on taxes: . The story is backed by Janet Lowe's 2000 biography "Damn Right!," where Marshall said, "We only put up $1,000 each, and we've each probably made a half a million out of it." He added, "I'm still getting $2,000 to $3,000 a month from that," confirming the checks were still rolling in decades later. That's right — from a $1,000 investment, Munger's family was still cashing royalty checks well into the 21st century. All from a single, overlooked opportunity. Of course, Munger never sugarcoated it. "The trick in life," he told that 2016 crowd, "is when you get the one, or two, or three [big opportunities] that your fair allotment for a life is — that you've got to do something about it." And if you're still grinding toward that first big win? He had advice for that, too: "The first $100,000 is a b*tch, but you gotta do it." Hard work. A sharp eye. A little luck. And when the rare opportunity does show up? Move fast — because even for Charlie Munger, it only happened once. Read Next: Here's what Americans think you need to be considered Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Charlie Munger Turned $1,000 Into Over $1 Million — And Made His Unemployed Friend Rich Too: 'Trouble With That Story Is It Only Happened Once' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Time of India
2 days ago
- Health
- Time of India
1 in 2 men, 1 in 10 women in state smoke, finds study; docs flag lung cancer risk
1 2 3 Kolkata: Nearly one in two men and about one in 10 women in Bengal are smokers, one of the highest proportions in the country, making the state's population vulnerable to lung cancer, says the latest National Family Health Survey (NFHS) report. The figures are scarier for Kolkata. Here, more than one in two (56.6%) residents are smokers, the survey claims, adding that 82% men and 23.5% women indulge in the habit, the highest among all metros in the country. Overall, tobacco use — not just in smokable form, but in other forms as well — had increased over the last decade in Bengal and Kolkata, the report states. Experts say the findings should serve as a grim reminder that concerted anti-tobacco awareness drives should start targeting the right age-groups, specifically those between 14 and 18, which is the age at which most pick up the habit. So far, awareness initiatives have been largely ineffective, say experts. "Rather than adults, the focus of the initiative should be adolescents or school and college students," said Subir Ganguly, an oncologist with Medica Cancer Centre. "It is between 14 and 18 years that most start smoking, and this is when they should be dissuaded by stressing on the disastrous consequences of tobacco use. It is also necessary to prevent access to tobacco for minors," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like São Mateus Do Sul: Quanto vale a sua casa? Descubra agora! Valor da casa | Anúncios de pesquisa Saiba Mais Undo "It is between 14 and 18 years that most start smoking, and this is when they should be dissuaded by stressing on the disastrous consequences of tobacco use. It is also necessary to prevent access to tobacco for minors," oncologist Subir Ganguly said. A study among high school students in Bengal found tobacco use is more common among rural male students than female students. Currently, tobacco use ranges from 36.9% to 52.4% among urban and rural students. The total number of lung cancer patients in the eastern region could be around 12 lakh, claims Bengal Oncology, an organisation working to provide cancer treatment to the underprivileged. But muted symptoms are responsible for a huge number of lung cancer cases remaining undiagnosed or detected late, leading to high mortality, say oncologists and pulmonologists. "So, the actual figure is likely to be much more than 12 lakh, as it does not include the huge number of undiagnosed and unreported cases. It could be a few more lakhs," Ganguly added. A persistent cough, fever, breathing distress or sudden weight loss needs immediate medical intervention, said Charnock Hospital pulmonologist Soumya Sengupta. "While tobacco use is the principal trigger, secondary smoking, environmental smoke or smoke from chullahs are equally responsible for lung cancer," Sengupta added. "If early signs are heeded, it can be detected in the first two stages, which makes lung cancer curable through surgical intervention. But that rarely happens." Around 55% afflicted with the ailment is diagnosed in the third or fourth stages of the illness and survive less than five years, according to data and case studies compiled by the Institute of Post-Graduate Medical Education and Research (IPGMER). Lack of awareness on the part of non-oncologists and faulty first-line treatment are as much responsible for higher mortality rates as ignorance on the part of patients, experts say. . Medica Superspecialty Hospital and Manipal Hospital pulmonologist and intensivist Arnab Bera said this posed a significant health risk. "With nearly 26.7 crore adults using tobacco in India, we must revise tobacco cessation policies to introduce effective alternatives," Bera said. "These alternatives should be reserved for smokers, providing scientifically proven solutions for those eager to quit, by incorporating successful strategies from countries like Japan, Sweden, UK, and US. By consulting experts, we can introduce safer alternatives like HTP for smoking cessation," he added. Physicians often lack the training to recognise and respond to early warning signs, statistics suggest. Most cases wouldn't have been detected late, had the initial warning signals been heeded, said Diptendra Sarkar, head of the department of breast cancer, IPGMER. "There is a set of indications that are easy to identify and should lead to tests to rule out cancer. But it rarely happens. So, more than half of the city's cancer patients seek treatment in the final stages and survive less than five years," Sarkar said.
Yahoo
2 days ago
- Automotive
- Yahoo
Mitsubishi Electric's FLEXConnect™ Joins the Safety Cloud® Network
CHICAGO & NORTHVILLE, Mich., May 30, 2025--(BUSINESS WIRE)--HAAS Alert, a company with the largest commercially deployed vehicle-to-everything (V2X) safety network powered by its Safety Cloud digital alerting platform, and Mitsubishi Electric Automotive America, Inc. ("MEAA"), a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world, are thrilled to announce their collaboration on a strategic partnership that will lead the way in the next generation of in-vehicle experience. MEAA announced its latest in-cabin monitoring system, FLEXConnect™, at the 2025 Consumer Electronics Show (CES), showcasing its ability to leverage real-time vehicle data to enhance driver safety and personalization. FLEXConnect™ now integrates with Safety Cloud to provide an extra level of protection for drivers using MEAA in-vehicle monitoring systems. "Safety is at the core of FLEXConnect™," said Mohammad Horani, Director of Advanced Development at MEAA. "That makes Safety Cloud digital alerting a natural fit to the FLEXConnect™ experience." Safety Cloud delivers real-time safety notifications from emergency vehicles, work zones, tow trucks, and other active road hazards to millions of drivers every day. This technology, which is embedded in compatible Chrysler, Dodge, Jeep, Ram, and Volkswagen vehicles, as well as Apple Maps and Waze navigation apps, improves roadway safety by instantly alerting drivers to approaching and nearby emergency and public works vehicles, making it easier and safer to perform public and emergency services. The integration between Safety Cloud and FLEXConnect™ will allow drivers to receive alerts through an in-vehicle information system of nearby roadway hazards. This joint solution will even go a step beyond digital alerting. When the vehicle is alerted that the driver is in an emergency situation, FLEXConnect™ will notify and inform other nearby drivers via Safety Cloud that there is a disabled vehicle ahead. "HAAS Alert is thrilled to enter into this partnership with Mitsubishi Electric," said Hussein Zaarour, Vice President of Business Development - Connected Vehicles at HAAS Alert. "Mitsubishi Electric's focus on automotive innovation and safety is in perfect lockstep with HAAS Alert's mission to make vehicles and roads safer and smarter." About HAAS Alert HAAS Alert's mission is to build lifesaving mobility solutions that make vehicles and roads safer and smarter. Their vision is a connected, collision-free world where everyone gets home safely. HAAS Alert makes roads and communities safer by delivering digital alerts from emergency response, municipal and private fleets, work zones, and connected infrastructure to nearby drivers through its vehicle communication platform. For more information, visit About Mitsubishi Electric Automotive America MEAA is a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world. Known for our innovative components, we leverage our deep technology expertise to deliver autonomous-ready and ADAS solutions, premium audio systems, high-definition displays, and powertrain electronics for standard, EV, and hybrid vehicles. Our innovation culture and operational excellence, which extends far beyond automotive, makes us uniquely poised to help automakers navigate the future of mobility. MEAA has had a North American presence since 1979 and currently operates in 50 locations. For more information, visit View source version on Contacts Media Contacts: HAAS Alert Brock Aunbrock@ (833) 433-4227 MEAA John Tewsjtews@ (248) 320-3814 (cell) Sign in to access your portfolio
Yahoo
2 days ago
- Automotive
- Yahoo
Mitsubishi Electric's FLEXConnect™ Joins the Safety Cloud® Network
CHICAGO & NORTHVILLE, Mich., May 30, 2025--(BUSINESS WIRE)--HAAS Alert, a company with the largest commercially deployed vehicle-to-everything (V2X) safety network powered by its Safety Cloud digital alerting platform, and Mitsubishi Electric Automotive America, Inc. ("MEAA"), a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world, are thrilled to announce their collaboration on a strategic partnership that will lead the way in the next generation of in-vehicle experience. MEAA announced its latest in-cabin monitoring system, FLEXConnect™, at the 2025 Consumer Electronics Show (CES), showcasing its ability to leverage real-time vehicle data to enhance driver safety and personalization. FLEXConnect™ now integrates with Safety Cloud to provide an extra level of protection for drivers using MEAA in-vehicle monitoring systems. "Safety is at the core of FLEXConnect™," said Mohammad Horani, Director of Advanced Development at MEAA. "That makes Safety Cloud digital alerting a natural fit to the FLEXConnect™ experience." Safety Cloud delivers real-time safety notifications from emergency vehicles, work zones, tow trucks, and other active road hazards to millions of drivers every day. This technology, which is embedded in compatible Chrysler, Dodge, Jeep, Ram, and Volkswagen vehicles, as well as Apple Maps and Waze navigation apps, improves roadway safety by instantly alerting drivers to approaching and nearby emergency and public works vehicles, making it easier and safer to perform public and emergency services. The integration between Safety Cloud and FLEXConnect™ will allow drivers to receive alerts through an in-vehicle information system of nearby roadway hazards. This joint solution will even go a step beyond digital alerting. When the vehicle is alerted that the driver is in an emergency situation, FLEXConnect™ will notify and inform other nearby drivers via Safety Cloud that there is a disabled vehicle ahead. "HAAS Alert is thrilled to enter into this partnership with Mitsubishi Electric," said Hussein Zaarour, Vice President of Business Development - Connected Vehicles at HAAS Alert. "Mitsubishi Electric's focus on automotive innovation and safety is in perfect lockstep with HAAS Alert's mission to make vehicles and roads safer and smarter." About HAAS Alert HAAS Alert's mission is to build lifesaving mobility solutions that make vehicles and roads safer and smarter. Their vision is a connected, collision-free world where everyone gets home safely. HAAS Alert makes roads and communities safer by delivering digital alerts from emergency response, municipal and private fleets, work zones, and connected infrastructure to nearby drivers through its vehicle communication platform. For more information, visit About Mitsubishi Electric Automotive America MEAA is a consistently dependable supplier that creates high-quality in-car systems for major OEMs around the world. Known for our innovative components, we leverage our deep technology expertise to deliver autonomous-ready and ADAS solutions, premium audio systems, high-definition displays, and powertrain electronics for standard, EV, and hybrid vehicles. Our innovation culture and operational excellence, which extends far beyond automotive, makes us uniquely poised to help automakers navigate the future of mobility. MEAA has had a North American presence since 1979 and currently operates in 50 locations. For more information, visit View source version on Contacts Media Contacts: HAAS Alert Brock Aunbrock@ (833) 433-422 MEAA John Tewsjtews@ (248) 320-3814 (cell)
The Hindu
3 days ago
- Sport
- The Hindu
Ponting picks Arshdeep in India's XI for first Test in England
Australian great and Punjab Kings head coach Ricky Ponting sees left-arm pacer Arshdeep Singh making his Test debut in the series opener between India and England next month. Last week, Arshdeep received his maiden Test call-up after excelling in the T20 format over the past four years. He is India's leading wicket-taker in T20 Internationals. Having worked with him at Punjab Kings closely, Ponting feels the selectors have taken a good call to include the left-armer in the pace attack comprising Jasprit Bumrah, Mohammed Siraj and Prasidh Krishna. "Actually I think he'll play. He'll play in the Test series over there. Bumrah Siraj, you know, to have a left-arm option there as well, I think it'd be outstanding," Ponting told PTI. "And you think of any English conditions, the way that Arshdeep bowls, he presents the seam as good as anybody, right arm or left arm that's, that's currently playing the game." The 26-year-old also has the experience of bowling with the Dukes ball, having had a stint in county cricket. The first Test begins in Leeds on June 20. "They picked him in the squad. I think he could play the first Test over there and he wouldn't let anybody down. I think it's the right time for him as well. He is in his sort of mid 20s, probably right now at the peak of his powers, I think it'd be a great selection for India in those Test matches." Arshdeep has also been swinging the white ball in the powerplay in the IPL and has 18 wickets to his name. "He's right up there third or fourth, with power play wickets as well in the tournament, which means that he does a good job with the new ball. So if they're looking for the left-arm option, obviously they are (referring to England series)," Ponting added.
