“You’ve got to get used to the fact that billionaires aren’t the most popular people in our society. … I’d rather be a billionaire and not loved by everybody than not have any money.” – Charlie Munger
Acclaimed billionaire and BFF with Warren Buffet, 97-year-old Charlie Munger, is helping fund a $1.5 billion dorm construction at University of California Santa Barbara.
Of the 4,536 bedrooms in the 11-story building, 94% of the dorms (about 4,263 dorms) will not have any windows.
The concept of a building with only 2 entrances and mostly-windowless dorms for UCSB caused a resignation of protest from an architect who served for 15 years on the development committee.
Dennis McFadden said the project is “unsupportable from [his] perspective as an architect, a parent, and a human being.” The development specs have been attacked as a “social and psychological experiment” with longterm effects which are unknown.
Colleges and other institutions are beginning to operate differently, perhaps as a result of technological advances. Peering out a window is nice (and everyone needs some good Vitamin D), but perhaps this dorm build is forward thinking. After all, what if 15 years from now all the students are wearing headsets anyway?
Maybe just the coffee talking now.
People with a lot of money have been doing a lot of things lately.
- Jeff Bezos spent $78 million on an Hawaiian vacation.
- Following news headlines that $6 billion could solve world hunger, Elon Musk tweeted that he would sell $6 billion in Tesla stock to solve world hunger if World Food Program could explain precisely how it could be done.
- Warren Buffet’s Berkshire Hathaway’s Class A shares (BRK-A) soared over 51% after-hours to $661,504, then quickly dropped back down to only $427,000 per share.
- I had to choose between eating Chick-fil-A or Taco Bell for dinner.
Finance and the world of investment has been pretty wonky, especially in the last 18 or so months (since COVID). Lumber prices are finally stabilizing after skyrocketing in May to $1,514 per thousand board feet, some people became millionaires over night by investing in a digital meme coin called Dogecoin, and now inflation is at a 30-year high.
Churches, like any organization, typically require money to operate. Finance and digital currency continue to drive data trends and organizational structures.
It is every church’s responsibility to stay knowledgable in order to understand how these trends might shift thinking and philosophy for church as we know it.