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Friday, December 5, 2025

Billionaire Charlie Munger Said He Dropped Insurance After Getting Rich — ‘All Intelligent People Self-Insure’ If They Can Afford It

Most people don’t look at their house, imagine it in flames, and think, “Eh, I’ll just write a check.” But Charlie Munger wasn’t most people. In one of his final public appearances—just months before his death at age 99—the longtime vice chairman of Berkshire Hathaway made a comment that raised …

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