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billionaire Charlie Munger lived in the same modest Los Angeles home for nearly 70 years, and it genuinely did not have air conditioning. During heat waves, he reportedly cooled off with the help of electric fans and bags of ice brought in by friends.
The Rationale Behind His Choice
Munger, who was Warren Buffett's longtime business partner at Berkshire Hathaway, consciously chose a simpler life based on his personal philosophy.
Utility Over Extravagance: He believed that a basic house served its purpose, whereas a larger, fancier home was an expensive endeavor that didn't provide much additional utility or happiness.
Avoiding Unhappiness: Munger observed that in "practically every case," his wealthy friends who built lavish mansions ended up "less happy, not happier".
Family Values: He intentionally avoided an ostentatious display of wealth to prevent his nine children from being spoiled and feeling entitled to "live grandly".
A Separate Mansion: Despite his primary residence lacking A/C, Munger did own a "spectacular" ocean-view mansion in Montecito, a gated community he designed himself, but he rarely used it, preferring his long-time home.
This lifestyle choice was a deliberate part of his wisdom, valuing contentment, prudence, and intellectual pursuits over material luxury.
Would you like to know more about Charlie Munger's other life philosophies or investment strategies?
#CharlieMunger #SimpleLiving #BillionaireMindset #ValueInvesting #PhilosophyOfHODL
The Rationale Behind His Choice
Munger, who was Warren Buffett's longtime business partner at Berkshire Hathaway, consciously chose a simpler life based on his personal philosophy.
Utility Over Extravagance: He believed that a basic house served its purpose, whereas a larger, fancier home was an expensive endeavor that didn't provide much additional utility or happiness.
Avoiding Unhappiness: Munger observed that in "practically every case," his wealthy friends who built lavish mansions ended up "less happy, not happier".
Family Values: He intentionally avoided an ostentatious display of wealth to prevent his nine children from being spoiled and feeling entitled to "live grandly".
A Separate Mansion: Despite his primary residence lacking A/C, Munger did own a "spectacular" ocean-view mansion in Montecito, a gated community he designed himself, but he rarely used it, preferring his long-time home.
This lifestyle choice was a deliberate part of his wisdom, valuing contentment, prudence, and intellectual pursuits over material luxury.
Would you like to know more about Charlie Munger's other life philosophies or investment strategies?
#CharlieMunger #SimpleLiving #BillionaireMindset #ValueInvesting #PhilosophyOfHODL
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🔹 Hold your BTTC coins and use the lock option if possible — this will allow you to generate regular profits.
🔹 Through holding, you can earn more BTTC and sell at the right time to reap big profits.
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$BNB
BNBUSDT
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932.12
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BNBUSDT
Perp
932.12
-0.53%
• I AM GOING TO BE A BILLIONAIRE SOON 😱
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