Tuesday, February 24, 2026

Charlie Munger : On Wealth, Houses, and Staying Sane

https://www.youtube.com/shorts/z2B_KT4gpVw?feature=share 

You’re not somebody who spends a lot of money on yourself. We’re sitting here in a beautiful house, but this is a house that you’ve lived in for about 60 or 70 years. I know you could have lived in something far more extravagant. Warren did the same thing. We’re similar in that way. We’ve both watched friends who got rich build these really fancy houses, and in practically every case, they made the person less happy, not happier. How so?

Having a basic house really helps you. Having a really fancy house that’s designed to entertain 100 people at once is a very expensive thing to do, and it doesn’t do you that much good.

One of the things you’ve said over the years is that it’s not staying rich that’s difficult, it’s staying sane. Yes, of course.


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