00:00Charlie Munger said if he could start over 100 years ago, he wouldn't just be rich, he'd be the richest man on earth.
00:06This is the man who helped build Berkshire Hathaway alongside Warren Buffett.
00:09He made billions, lived in the same house for 70 years, and avoided every financial trap in the book.
00:14But in a 2023 interview, Munger said, I could have done a lot better.
00:18He didn't blame the markets or luck. He blamed himself for not compounding sooner, longer, and smarter.
00:22That's the part that stings. He made billions and still believed he left money on the table.
00:26His approach was simple. Skip the mega mansions, avoid distractions, and protect your sanity.
00:31The real challenge wasn't making money. It was avoiding mistakes that ruin your life.
00:34Munger didn't believe in formulas. He believed in not being dumb.
00:37Avoid crazy. Avoid lifestyle creep. Avoid regret.
00:40And if you still think a bigger house brings more happiness, Munger would tell you, it usually makes you less happy.
00:45Follow Benzinga for more timeless wisdom and the money lessons that actually matter.
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