Charlie Munger, Warren Buffet's right-hand man, is regarded as one of the investment's legends. Since 1986, he has outperformed the market by nearly 2000% with the Daily Journal portfolio. Munger recently addressed the critical issues in the economy and financial markets at the Daily Journal's Annual Conference. In this video, Munger explains how he's planning his portfolio to outperform the market in the next years.

We must examine the macroeconomic backdrop in order to comprehend Munger's strategy for making big sums of money from the economy. As a result of COVID-19, the federal government was forced to intervene to provide assistance as consumer spending came to a halt. Unemployment can be divided into two categories. U-3 Unemployment keeps track of all unemployed people looking for work. Meanwhile, U-6 Unemployment is a broader indicator that includes discouraged and part-time workers. U-3 unemployment exceeded 14 percent in April 2020, while U-6 unemployment exceeded 22 percent. This is a significant sum, given nearly one in every four persons was unemployed or underemployed.

This comes as no surprise after the Fed printed more in the last 2 years than they did in the last few decades. We all thought the stock market would continue to rally indefinitely but all good things have to come to an end.

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