{"version":"1.0","type":"card","id":"38d59549-6f37-4d40-85b0-03baec9bdfa9","url":"https://stacklist.com/card/38d59549-6f37-4d40-85b0-03baec9bdfa9","title":"Charlie Munger Said He And Warren Buffett Skip Insurance And All Rich Should Too – 'I Can So Easily ","source_url":"https://www.benzinga.com/personal-finance/25/01/43083417/charlie-munger-said-he-and-warren-buffett-skip-insurance-and-all-rich-should-too-i-can-so-easily-rebuild-a-house-that-would-burn-down","note":" ","image":{"url":"https://ucarecdn.com/37cc12c3-5b46-4dce-846e-67ea27c9cf6d/","alt":"Charlie Munger Said He And Warren Buffett Skip Insurance And All Rich Should Too – 'I Can So Easily ","width":1200,"height":630},"stack":{"id":"9c6880d5-00e8-4c78-b89a-e338c960a2ed","title":"insurance","url":"https://stacklist.com/stack/9c6880d5-00e8-4c78-b89a-e338c960a2ed"},"created_at":"2025-01-25T20:47:23.397Z","updated_at":null,"aco":{"summary":"This article from Benzinga discusses Charlie Munger's stance on self-insurance, particularly for wealthy individuals. Munger, a renowned investor and business partner of Warren Buffett, believes that wealthy individuals should skip traditional insurance and self-insure, as they can afford to cover their own losses. The article uses the recent devastating wildfires in Los Angeles as a backdrop to illustrate Munger's point, highlighting the potential benefits and drawbacks of self-insurance. \n","tags":[],"key_entities":[],"classification":null,"language":null,"confidence":null,"provenance":null,"token_counts":{"approximate":135},"content_hash":null,"acp_version":"0.2","body_available":false,"body_tokens":0,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/38d59549-6f37-4d40-85b0-03baec9bdfa9.json","html":"https://stacklist.com/card/38d59549-6f37-4d40-85b0-03baec9bdfa9","md":"/api/public/card/38d59549-6f37-4d40-85b0-03baec9bdfa9.md","stack_json":"/api/public/stack/9c6880d5-00e8-4c78-b89a-e338c960a2ed.json"}}