[Transcript]
BECKY QUICK: You touched a little on the national debt, which has just hit $22 trillion. You touched a little on that.
CHARLIE MUNGER: Yeah, we’re in new territory. But that doesn’t mean that it’s crystal clear, we can’t by with what we’ve done. We just know we’re in uncharted territory.
BECKY QUICK: You worry about the eventualities of a growing national debt?
CHARLIE MUNGER: Well, I don’t worry much, because every era, it is a cinch that a great nation will, in due time, be ruined. (Laughter) You know whether it’s Rome, where is — Britain in its heyday, they all pass. And so our turn is bound to come someday. But I don’t like thinking about it too much. It’s like my own death. Why should I enjoy thinking about it? But is it coming some day? Sure. Of course it is.
BECKY QUICK: But you — you have no guess as to when?
CHARLIE MUNGER: No. None.
[YAPSS Takeaway]
Learn to accept the inevitable, even if they're not what you want or expect.