Charlie Munger owned a house with spectacular ocean views in Montecito, Calif. The Berkshire Hathaway BRK.B 0.52%increase; green up pointing triangle vice chairman had designed the entire gated community, which locals called “Mungerville.” At one point, he told a friend he expected to spend his last years there.
Instead, Munger chose to remain in his longtime home in Los Angeles. The place didn’t even have air conditioning. During a heat wave three years ago, friends brought electric fans and bags of ice to cool his library.
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