Charlie Munger revealed why he lived in the same house for decades instead of upgrading to keep up with his rich friends

• Investing legend Charlie Munger gave an interview to CNBC shortly before his death at age 99.
• Munger said he lived in the same house for decades even as his rich friends upgraded.
• He said he did not think living lavishly would be good for his children.

Charlie Munger, the investing legend and longtime business partner of Warren Buffet, said he lived in the same house for decades because he thought it'd be better for his kids.