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Video: How Charlie Munger Survive Life’s Hardest Moments… | Final Interview with CNBC 2023

Channel: YAPSS

This video features a segment from Charlie Munger’s final interview with CNBC, where he discusses resilience, personal tragedy, and the progress of civilization.

* [00:00] Marriage and the Iron Rule of Life

The interview begins with Munger reflecting on his 52-year marriage to his second wife, Nancy, who lived to be 86. He acknowledges that while it was a long marriage, it had tough stretches near the end. When the interviewer notes that people often view Munger’s life as one of immense wealth and opportunity, Munger counters by stating the “iron rule of life”: everyone struggles.

* [00:45] The Philosophy of “Soldiering Through”

When asked how he navigated his toughest moments, Munger references the “philosophers of realism,” advocating for the concept of “soldiering through.” He explains that this is often the only option available when faced with irreversible tragedies, such as the death of a loved one or a dying child. Munger emphasizes that while it is acceptable to cry and grieve—even for hours a day—one simply cannot quit; one must keep going.

* [01:37] Personal Tragedy and Acceptance

Munger shares a deeply personal example of this philosophy, recalling the time his first son, Teddy, died of leukemia. He admits to crying constantly during that period but understood he could not change the outcome. At that time, the fatality rate for childhood leukemia was effectively 100%.

* [01:57] Civilization’s Progress

Reflecting on the present, Munger expresses great pleasure in seeing how medical advancements have changed the fate of those with leukemia, noting that the cure rate is now well into the 90s. He views the ability of civilization to “soldier through” those dark years and eventually find cures for diseases like meningitis and leukemia—which took his cousin and son, respectively—as a massive achievement. He concludes by defining civilization as what humanity has accomplished over the last two centuries, calling it a good thing to watch.

https://www.youtube.com/watch?v=gGAAQuk8xn8

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