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While you might not expect billionaires to discuss the merits and drawbacks of capitalism, that’s exactly what Warren Buffett and Charlie Munger did during a 1996 Berkshire Hathaway annual meeting (1).

When someone in the audience mentioned social inequity and asked if those with very little should just wish for a million dollars, Munger’s response was curt.

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“There’s always plenty wrong with a social order, and certainly there are places where ours is a lot more broken than it used to be … but wishing for a million dollars instead of some more…