{"id":152479,"date":"2022-12-11T13:25:22","date_gmt":"2022-12-11T19:25:22","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/12\/billionaire-investor-charlie-munger-the-world-is-not-driven-by-greed-its-driven-by-envy"},"modified":"2022-12-11T13:25:22","modified_gmt":"2022-12-11T19:25:22","slug":"billionaire-investor-charlie-munger-the-world-is-not-driven-by-greed-its-driven-by-envy","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/12\/billionaire-investor-charlie-munger-the-world-is-not-driven-by-greed-its-driven-by-envy","title":{"rendered":"Billionaire investor Charlie Munger: \u2018The world is not driven by greed, it\u2019s driven by envy\u2019"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/billionaire-investor-charlie-munger-the-world-is-not-driven-by-greed-its-driven-by-envy2.jpg\"><\/a><\/p>\n<p>Rather, he says his <a href=\"https:\/\/www.cnbc.com\/2021\/06\/30\/buffett-and-munger-this-is-what-we-really-wanted-more-than-money.html\">motivation in accumulating wealth<\/a> has always been about securing independence, the freedom to do what he wishes in business and in life \u2014 and he wishes more people would follow his example.<\/p>\n<p><iframe style=\"display: block; margin: 0 auto; width: 100%; aspect-ratio: 4\/3; object-fit: contain;\" src=\"https:\/\/www.youtube.com\/embed\/8RxLj9OVqLo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope;\n   picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>\u201cThe world is not driven by greed. It\u2019s driven by envy,\u201d Munger <a href=\"https:\/\/www.youtube.com\/watch?v=8RxLj9OVqLo&amp;ab_channel=YahooFinance\" target=\"_blank\">said at the annual meeting of the Daily Journal<\/a>, the newspaper company where he is a director, earlier this year.<\/p>\n<p>The 98-year-old, who has amassed a fortune that Forbes estimates at <a href=\"https:\/\/www.forbes.com\/profile\/charles-munger\/\" target=\"_blank\">$2.2 billion<\/a>, added that it\u2019s easy, and common, for people to become envious. No matter how much some people have, someone else will always have more, he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rather, he says his motivation in accumulating wealth has always been about securing independence, the freedom to do what he wishes in business and in life \u2014 and he wishes more people would follow his example. \u201cThe world is not driven by greed. It\u2019s driven by envy,\u201d Munger said at the annual meeting of the [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-152479","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/152479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=152479"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/152479\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=152479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=152479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=152479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}