Charlie Munger Shares His Secret Of A Happy Lifedate_range
The 95-year-old billionaire Charlie Munger, who is Buffet’s partner, shares his views on living a long, rich and happy life. Charlie Munger is known to be the right-hand of Warren Buffett, the investing legend. According to Forbes, the worth of Munger as a vice chairman of Berkshire Hathaway is $1.7 billion. Munger is also the chairman of the Daily Journal Corp. He is also on board of Costco, the big-box retailer. He has been a very rich and successful man and has lived long, almost hitting a century. He has been a successful businessman, investor and a philanthropist. Recently, he was being asked to put light on the journey of his life. He was being asked about his secrets or principles.
Munger said that the secret to a happy life is really simple. He gave some tips like one should not have a lot of envy and resentment in their mind. People should not overspend their income. They should always be with reliable people while working. People should always be cheerful and happy, though they may be facing troubles in life. This was his secret of a long happy life. Munger said these simple rules work magically to make your life better. He also added that people should let go of their negative feelings and learn to stay cheerful all the time.
Munger, like his investing partner, Buffet, grew up in Omaha, Nebraska and both worked at the grocery store of Buffett’s grandfather. Munger used to work as a lawyer before joining Berkshire Hathaway. At that time, he was billed at $15 per hour for his work. Buffet gives the credit of Berkshire Hathaway’s success to Munger. He said that Berkshire was built to Munger’s blueprint.
Munger after his practice as a lawyer started working as a real estate attorney. Then he started concentrating on managing the investments. Later he became a partner with Otis Booth. Later, he was in partnership with Jack Wheeler and formed Wheeler, Munger, and Company. It was an investment firm. Later he associated with Buffet.