Author: Weng Shenlin
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Charlie Munger, vice chairman of Berkshire Hathaway and best comrade of “Stock God” Warren Buffett, passed away on November 28 at the age of 99 age. Looking back at the past of this legendary investor, perhaps the most talked about thing is his outlook on money and life wisdom.
Shortly before his death, Monger gave an interview to “CNBC” and talked about why he always lived in the old house where he had lived for a long time and drove the existing old car instead of buying a luxury car. He also revealed that he hoped that he could live in the same old house in his life. Although this dream that belongs to Monger was not realized in the end.
“Yahoo Finance” reported that Buffett’s legendary partner and lifelong friend Monger had been interviewed by “CNBC” shortly before his death and talked about his life and regrets.
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Monger said that he has lived in the same house for decades, just like his old friend Buffett, who has lived in the old house he bought for US$30,000 (approximately NT$940,000) for decades. house. “Warren and I both lived in the same house for decades, even though our wealthy friends had built bigger and better houses.”
The outside world is curious. According to the two’s worth and financial resources, it may be easy to change to a luxury house or a luxury car. “Of course, we have indeed considered a bigger and better house. After all, I have many children, and this It seemed reasonable,” Monger said, but in the end he still didn’t do it.
Living a luxurious life will only “spoil the children”
Munger has a total of 8 children. His first wife gave birth to 3 children for him. One of his sons died of cancer when he was 9 years old. Munger and his second wife Nancy Munger have 3 children. 4 children, and 2 stepchildren.
The reason behind Monger’s final decision not to change houses made “CNBC” reporter Becky Quick very curious, “I don’t want myself to live like a noble life, so I deliberately avoid it.”
When Becky Quick asked why, Monger said frankly, “I don’t think it’s good for the children at all.” Living a luxurious life will only “spoil the children, that’s all.”
Monger’s philosophy also coincides with that of his old friend Buffett. Buffett had realized one thing as early as the age of 39, that is, “leave no inheritance after death” and promised to donate more than 99% of his wealth to charity. He believes that “there is no need to leave a disturbing sum of money and ruin a child’s life.”
According to Reuters, although Monger accumulated a net worth of US$2.3 billion (approximately NT$71.9 billion) in his lifetime, he lived a humble life and even drove his own car. His extreme wealth was not visible to the outside world. A luxurious life in the eyes.
Monger’s ordinary dream when he was young: to catch a 200-pound tuna himself
“The one thing I want to do most before I die is to catch a 200-pound (approximately 91 kilograms) tuna,” Monger revealed to Becky Quick.
“Business Insider” reported that “When I was young, I would spend any cost to fulfill this lifelong dream.” Monger said it was a pity that “I have never caught it.”
He smiled and said, “Now that I am old and have no strength, I can only cross this dream off my bucket list.” Monger said, “Even if you give me the opportunity to do it now, I might also say no… there are some things that you will eventually choose to give up over time.”
The 99-year-old Monger talked about his lifestyle and social arrangements in an interview, “I do have the ‘advantage’ (meaning to be rich) and the conditions to enjoy my old age comfortably, but I didn’t do that.” Monger noted that he prefers to stay busy and socialize rather than live a leisurely life.
Now, Monger, who originally planned to hold a grand birthday party in the New Year to celebrate his 100th birthday, passed away peacefully in a California hospital at the age of 99 on November 28, 2023, Eastern Time.
Buffett, who lost his lifelong friend, said in a statement through Berkshire Hathaway, “Without Charlie’s inspiration, wisdom and participation, Berkshire would not be what it is today.”
“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation.” – Warren Buffett.
Monger has decades of investment experience in his life. Although he did not talk much about the actual actions of his “fishing dream” in an interview with “CNBC”, the billionaire still shared a message about people. Advice on how to invest.
“I have a friend who said that the first rule of fishing is: fish where there are plenty of fish. ‘The second rule of fishing is, never forget the first rule. ‘” “If the catch is where you are It’s really bad, and you should probably consider looking for fish elsewhere.”
“Good investment opportunities are just like this. They can only be encountered but cannot be sought. Everyone has two or three good opportunities of his own in his life. The key is whether you can grasp the opportunity when it comes.” – “Monger” “Way”
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