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Billionaire Charlie Munger’s timely apartments bet pays off

Noah Buhayar

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Seattle | Billionaire investor Charlie Munger made a well-timed bet on suburban apartments – thanks to a neighbourhood teenager who showed up at his house with a Hebrew Bible.

Mr Munger could not read it. But the encounter led to an improbable friendship and, more than a decade later, an investment in California apartment complexes before the pandemic sent values soaring.

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