Charlie Munger shares wisdom beyond business

You probably know Warren Buffett, the legendary billionaire investor. But you might not know his business partner for the last four decades. As Buffett's number two at Berkshire Hathaway, Munger has a wealth of life wisdom beyond his business success.

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

#CNBC

[Cal]

1. Have no envy 2. No resentment 3. Don’t overspend income 4. Stay cheerful despite your troubles 5. Deal with reliable people 6. You do what your supposed to do

[johnparadise]

00:16 “You stay cheerful in spite of your troubles”

[harryallenpearce]

It’s not complicated. Don’t waste money. Don’t try to impress people. Do what you love to do.

[joeroganpodfantasy]

Secret to a happy life:
1. Don't have a lot of envy
2. Don't have a lot of resentment
3. Don’t overspend income
4. Stay cheerful despite your troubles
5. Deal with reliable people
6. You do what your supposed to do

[bparker]

warren is the good cop and charlie is the bad cop haha

[deficator]

So true, we already know what the right thing to do is since we were kids, but we forgot when we became adults.

[wingmank]

Charlie said it best (- and actually followed thru), what Shakespeare stated centuries earlier in Merchant of Venice, "If to do were as easy as to know what were good to do, chapels had been churches, and poor men’s cottages princes’ palaces. It is a good divine that follows his own instructions: I can easier teach twenty what were good to be done, than be one of the twenty to follow mine own teaching."

[paulwilfridhunt]

God knew that if Charlie was very successful and could live to a ripe old age he would be an inspiration to others, in an age where they
need to be inspired. He is a decent man of good character thats got good advice. God is using him well.

[rambo]

he figured out life at the ripe age of 7!

[cjljianlang]

0:11 You Don't Have A Lot Of Envy
You Dont Have A Lot Of Resenetment
You Don't Overspent Your Income
You Stay Cheeful Despite Your Troubles
You Deal With Reliable People You Do What You Are Supposed To Do
0:38 Every Generation Is A Little Bit Bonkers
0:51 95 Percent Of People Are Irrational
1:02 And Stating Cheerful
1:21 I Would Have Been The Same Way

[jminvestments]

It works, i guarantee.Tried and tested. Few years back i got in real trouble because of my family i thought my career is over for me but then i read Charlie's book and i swear to god it changed my thinking and outlook towards the world. I more peaceful, hopeful, cheerful and more responsible now and i intend to follow his teachings untill i hit the bucket 😁😁😁

[sanjayasampath]

Looks like he answered my all of the questions

[hgsgknnnmmlolb]

Grandpa is a good guy but we should start interviewing people who were born after 2000s and ask them intresting questions!!

[talalkhan]

I can change my reaction but i can't my outcome.

[beablebeauty]

When she laughs "Hahahahahahah (Give me a million dollars) Hahahahahahah"

[realbobbyaxel]

The secret to a happy life is pretty simple: Get a wife like Becky Quick ❤️

[midshipsport]

Thank so much Mr Munger.... and who is she?!!?

[sameerkaundal]

I think she asked the question for herself. We all need some advice and wisdom at some time.

[redtroika]

Finding wisdom is learning that the Central Bank creates the boom and bust cycle that makes the rich richer and the poor poorer.

[MrTomV]

Buffett and Munger, the 21st Century Scrooge and Marley. Think about it.