‘Stop complaining, stop being envious of others, be happy with what you have’ — Charlie Munger
Pssst, I own a 5000 square metre good class bungalow, a Rolls Royce, several sports cars, a 100 foot yacht, a private plane and millions in saving....Quote copied from theindependent.sg
'He said he doesn’t get why people today aren’t happier with what they have, especially if one looks back at history.Investment billionaire Charlie Munger has something to say to the world. Stop complaining!...
The billionaire is also not in favour of the proposal by some politicians to impose high taxes on the ultra-wealthy (he undoubtedly would be one of them).
His argument? That inequality is a necessary aspect of a free market economy. He also added that people’s criticisms of the ultra-wealthy were often the result of envy.'
At 98, still no sign of humility.
11 comments:
Time to go and leave everything behind. That is my advice.
A millionare can talk big.
A billionaire can definitely be conceited to heaven.
However,
I agree with him that there is nothing to envy in life. Comes naked and goes empty. Stays healthy and be happy when breathing.
He is very lucky to live over 90 and is lucid.
Wish him long live and happy.
Cheers
No big loss for the world even if he goes now. Like Soros, Buffet, they are the ones creating all the financial troubles for the world.
Nothing to do with humility. It's all about understanding economics and government.
Liberal market type capitalism (US, UK, Australia, Singapore) with low taxes, low worker protection, and fewer rules for business create more inequality in their population.
Co-ordinated market type capitalism (Norway, Denmark, Sweden, Germany, France, Netherlands and some other European countries) have high taxes, more rules, and higher level of worker and social protection have less inequality.
If you look at Charlie Munger, Soros, Buffett's lives, they all live in liberal market economies and take advantage of the ability to make money. However, all 3 recognize inequality, and encourage those governments to change to be more protective of their citizens.
If you take one or 2 comments out of context, you will appear to be the envious sort.
Just one greedy old dude about to expired still greedy. He is probably not aware he can't bring his wealth with him when he expired
When one up the lorry, nothing can bring along with him. It is all Karma and Cause & Effect rule. One may be rich this life but there is no guarantee he will be rich again in the next life.
At his age, 98, shouldn't he be spending time on how to use his wealth to improve the lives of human beans?
So much money that would become meaningless soon. Why worry about envy?
What is the intent of theindependent to give space to such a comment?
People like Soros, whose wealth are mostly gained from targeting poor countries to enrich themselves, deserve no sympathy or tolerance for saying people envy their wealth. Why should be envious when they could not expect these billionaires to extend any iota of help to them in times of need. In fact, that is the time when countries are facing financial turmoil, is the opportunity for them to move in to create more financial instablity to benefit from it.
Instead of people like him using their wealth to improve lives, they made some countries suffer by targeting their financial systems to collapse them. Thereafter, the IMF and World Bank will move in to set their debt traps.
Yes, I say, their expiration are no great loss to mankind.
These billionaires can take their money with them to the netherworld, and create financial mayhem over there too. If they can do it, the better for this world.
Don't listen to him and complain. Just diam diam, smile and buy his company shares. Berkshear. Not on SGX but the America sharemarket. A bit more expensive to trade, but still can. That way he grow rich we also huat!
@Hello Surviving Sinkie - You don't need to go to the US market to buy share. You can just buy DBS bank share. It is only $34 per share. Berkshire is bloody expensive. Even if you buy the B class share it is US$300 plus. DBS also is a local company run by sinkies, not some Ang Mo. They also give good dividend.
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