Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is known for his value investing philosophy, favoring businesses with strong fundamentals and enduring competitive advantages. While he has long been wary of investing in technology companies, Buffett has recently made significant investments in three artificial intelligence (AI) growth stocks. This shift in strategy highlights […]
Charlie Munger House
Charlie Munger is a legendary investor and the vice chairman of Berkshire Hathaway. He is known for his value investing philosophy and his lifelong friendship with Warren Buffett.
Munger is also known for his frugal lifestyle. He has lived in the same modest home in Pasadena, California for over 70 years. While he has the means to live in a much larger and more luxurious home, he chooses not to. He believes that living simply is better for his happiness and well-being.
In an interview with CNBC, Munger said that he and Buffett both live in the same house for decade after decade after decade, and all their friends get rich and build bigger and better houses. They naturally both considered bigger and better houses, and Munger had a huge number of children, so it was justifiable even.
However, Munger decided not to live a life where he looks like the Duke of Westchester or something. He avoided it on purpose because he didn’t think it would be good for the children.
Munger believes that it is important to live within your means and to not keep up with the Joneses. He also believes that it is important to focus on your relationships and your health, rather than on material possessions.
Munger’s advice is counterintuitive to what many people believe. However, his frugal lifestyle has clearly served him well. He is a successful investor, a loving husband and father, and a happy and healthy man.