Charlie Munger's Financial Success Advice: 'My Game in Life Was Always To Avoid All Standard Ways of Failing, Because I'm So Cautious'

The late billionaire Charlie Munger once shared his unique approach to financial success and longevity, emphasizing the importance of avoiding conventional pitfalls. What Happened: Munger said that his strategy was simple and direct. He focused on steering clear of standard ways of failing and was cautious in his decision-making. Munger, who lived in the same modest home for seven decades, believed that extravagant living often leads to dissatisfaction. During an interview with CNBC, he stated,