1. Charlie Munger tries to be a non-billionaire.
“I’m deliberately taking my net worth down,” the vice chairman of Berkshire Hathaway Inc. told The World-Herald. “If it’s not below a billion, it soon will be.”
2. Be Charitable, You Can’t Take It With You.
“My thinking is, I’m not immortal,” said Munger, 89, an Omaha native who lives in the Los Angeles area. “And I won’t need it where I’m going.”
“There’s nothing as insignificant as an extra $2 billion to an old man.”
3. Have Great Goals
Henry E. Huntington Library and Art Gallery in San Marino, Calif., received $32.7 million worth of his stock to help fund its new education and visitors center. Munger said the Huntington’s goal is to build the best museum store in the world.
4. Change Is Inevitable
“Schools are always changing.” Munger said.