[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 307K followers Created: 2025-07-23 22:59:53 UTC In 1962, long before his Berkshire Hathaway days, Charlie Munger found an unusual investment opportunity involving oil royalties. At the time, he was still a lawyer in Los Angeles when he met Al Marshall, an unemployed oil worker trying to buy mineral rights. Munger liked the idea, partnered with Marshall, and they each invested $XXXXX into a legal tax shelter called an AB trust. That investment became one of Munger’s most legendary wins. It generated $XXXXXXX a year in income for decades. Even years later, Marshall said he was still receiving $XXXXX to $XXXXX a month from it. The returns kept rolling in, turning a modest $XXXXX into more than $X million. Munger shared the story at the Daily Journal shareholder meetings in 2016 and again in 2023. His point: those life-changing opportunities don’t come often — but when they do, you have to act. He also gave advice to those still working toward their first win. “The first $XXXXXXX is a b*tch, but you gotta do it,” he said. His message was clear. Hard work, a sharp eye, and quick action matter. Even for Charlie Munger, that kind of lucky break only happened once.  XXXXX engagements  **Related Topics** [ab](/topic/ab) [tax bracket](/topic/tax-bracket) [los angeles](/topic/los-angeles) [investment](/topic/investment) [berkshire hathaway](/topic/berkshire-hathaway) [$brkb](/topic/$brkb) [Post Link](https://x.com/Benzinga/status/1948156138622480670)
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Benzinga @Benzinga on x 307K followers
Created: 2025-07-23 22:59:53 UTC
In 1962, long before his Berkshire Hathaway days, Charlie Munger found an unusual investment opportunity involving oil royalties.
At the time, he was still a lawyer in Los Angeles when he met Al Marshall, an unemployed oil worker trying to buy mineral rights. Munger liked the idea, partnered with Marshall, and they each invested $XXXXX into a legal tax shelter called an AB trust.
That investment became one of Munger’s most legendary wins. It generated $XXXXXXX a year in income for decades. Even years later, Marshall said he was still receiving $XXXXX to $XXXXX a month from it. The returns kept rolling in, turning a modest $XXXXX into more than $X million.
Munger shared the story at the Daily Journal shareholder meetings in 2016 and again in 2023. His point: those life-changing opportunities don’t come often — but when they do, you have to act.
He also gave advice to those still working toward their first win. “The first $XXXXXXX is a b*tch, but you gotta do it,” he said.
His message was clear. Hard work, a sharp eye, and quick action matter. Even for Charlie Munger, that kind of lucky break only happened once.
XXXXX engagements
Related Topics ab tax bracket los angeles investment berkshire hathaway $brkb