The Salem Billionaire Trials of 2019

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Are you part of the mob?


The Salem Billionaire Trials of 2019


Billionaires Already Gave Their "Fair Share"

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95-Year-Old Billionaire Charlie Munger Gives Advice to Socialists
https://www.targetliberty.com/2019/02/9 ... unger.html

Billionaire Charlie Munger (95), who is a long-time close partner of Warren Buffett (net worth $84.5 billion), also happens to be chairman of the Daily Journal Corp.

The company recently held its annual meeting in Los Angeles, where Munger held court. Many of the questions put to him, according to CNBC, were about the "secret" to his long and successful life.

While he addressed his answer to the shareholders of the Daily Journal who were in the room, it struck me that his answer has particular applicability to socialists who seem to be envious of everyone and who seem as though they will not be happy until the entire world is remade in their image with them running it.

Munger said this in response to the questions about his "secret":

-You don't have a lot of envy.

-You don't have a lot of resentment.

-You don't overspend your income.

-You stay cheerful in spite of your troubles.

-You deal with reliable people.

-And you do what you're supposed to do.

-And all these simple rules work so well to make your life better. And they're so trite.

-Staying cheerful is a wise thing to do. And can you be cheerful when you're absolutely mired in deep hatred and resentment? Of course you can't. So why would you take it on?

Now, I'm sure if a socialist were to read this, the first thing a socialist would say is, "Well that's great advice if you are already a billionaire." But the thing is that Munger was not always a billionaire.

He at one time did struggle financially and really did get the short end of the stick at least when it comes to his eyesight. Because of a botched eye operation, he has lived for decades with extremely poor eyesight.

I recommend the excellent biography of Munger by Janet Lowe, Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger.

But the big takeaway is that maybe socialists for one minute should stop being envious, stop thinking of how they can rearrange all of society so that they can get more, and stop hating all capitalists, and rather spend a minute thinking how they can improve their own lives right now by taking some small step (and keep on taking small steps).

-RW