RIP, Charlie Munger (99), Warren Buffet's partner

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In summary, Charlie Munger, the long-time business partner of Warren Buffett and vice chairman of Berkshire Hathaway, has passed away at the age of 99. Munger was renowned for his investment acumen, wisdom, and unique approach to business, significantly influencing the investment world alongside Buffett. His legacy includes a focus on rational decision-making and an unwavering commitment to ethical practices in finance.
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Charlie Munger, Warren Buffett's long-time investing partner, dies at 99
https://finance.yahoo.com/news/char...e-investing-partner-dies-at-99-211406770.html

Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice chairman and Warren Buffett's right-hand man and friend of nearly six decades, died on Tuesday in California, the company announced. He was 99.

Together, Buffett and Munger built Berkshire Hathaway (BRK-A, BRK-B) into one of the most successful and long-lasting business partnerships that enthralled millions worldwide.

Berkshire, originally a textile manufacturer, has grown into a multinational conglomerate that wholly owns popular brands like Dairy Queen and Fruit of the Loom and has stakes in Apple (AAPL), Coca-Cola (KO), and other large public companies.

https://www.wsj.com/finance/investing/charlie-munger-berkshire-hathaway-dead-74d476a8

https://www.reuters.com/business/ob...ho-was-buffetts-second-in-command-2023-11-28/

https://www.cnn.com/2023/11/28/investing/charlie-munger-dies/index.html
 

FAQ: RIP, Charlie Munger (99), Warren Buffet's partner

Who was Charlie Munger?

Charlie Munger was an American investor, businessman, and philanthropist. He was best known as the vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger played a crucial role in the success of Berkshire Hathaway and was highly regarded for his wisdom, investment acumen, and ethical approach to business.

What was Charlie Munger's relationship with Warren Buffett?

Charlie Munger and Warren Buffett were long-time business partners and close friends. They first met in 1959 and began working together in the 1970s. Munger served as the vice chairman of Berkshire Hathaway, where he provided invaluable insights and advice to Buffett. Their partnership was marked by mutual respect and a shared investment philosophy.

What were some of Charlie Munger's key investment principles?

Charlie Munger was known for his focus on long-term value investing, a strategy that involves buying undervalued companies with strong fundamentals and holding them for extended periods. He emphasized the importance of understanding a business thoroughly, maintaining a rational and disciplined approach, and avoiding speculative investments. Munger also advocated for continuous learning and intellectual humility.

How did Charlie Munger contribute to Berkshire Hathaway's success?

Charlie Munger contributed to Berkshire Hathaway's success through his sharp analytical skills, strategic thinking, and ethical standards. He played a pivotal role in major investment decisions and acquisitions, such as the purchase of See's Candies and the investment in Coca-Cola. Munger's influence helped shape Berkshire Hathaway's corporate culture and long-term investment strategy.

What is Charlie Munger's legacy?

Charlie Munger's legacy is multifaceted, encompassing his contributions to the field of investing, his role in the success of Berkshire Hathaway, and his philosophical insights on life and business. He is remembered for his wisdom, integrity, and the profound impact he had on those who knew him and studied his work. Munger's principles and teachings continue to inspire investors and business leaders worldwide.

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