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Charlie Munger viewed wealth through the lens of mathematics and character. He called compound interest the 'eighth wonder of the world' and his first rule of compounding was: 'Never interrupt it unnecessarily. ' He taught that wealth is built by spending less than you earn, investing rationally, and avoiding the 'psychology of misjudgment' that leads to catastrophic losses. For Munger, wealth was a tool for independence, allowing him to say what he thought without fear.
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