"Charlie Munger's Unconventional Path to Success and Timeless Investing Wisdom"
Originally Published 2 years ago — by CNBC
Billionaire Charlie Munger, who recently passed away at age 99, attributed his success to avoiding the standard ways of failing. He believed in avoiding risks, frivolity, and "crazy" situations, which he considered more common than people think. Munger's cautiousness extended to his personal life, as he lived in the same modest home for 70 years and criticized extravagant spending. He also expressed disdain for cryptocurrency, referring to it as "crypto crappo" and "crypto s---." Munger's approach to financial success and longevity was rooted in avoiding common pitfalls and maintaining a conservative mindset.