![]() ![]() Munger often spoke highly of China’s communist government, which Western governments have criticized for human rights violations. “If people weren’t so often wrong, we wouldn’t be so rich,” Munger said during a 2015 Berkshire Hathaway annual shareholders meeting.īut toward the end of his life, Munger was often in the headlines due to controversies. He was known for his pithy zingers that delighted devout Berkshire fans. Munger officially joined Berkshire Hathaway as a vice chairman in 1978, and for most of his career there was best known as the wise-cracking lieutenant to Buffett, prone to deliver blunt advice about the stock market and economy. Munger and Buffett struck up a fast friendship.īuffett told CNBC in 2021 that after their first meeting, he knew “I’m not going to find another guy like this …. Munger met Buffett in 1959 at a dinner when Munger was in Omaha for his father’s funeral. “It was like having God just opening a chest and just pouring money into it.” “It was awfully easy money,” said Munger, with his characteristic pithiness. He told the Acquired podcast, for example, that Buffett’s decision to invest billions of dollars into Japan was “a no-brainer.” Munger, who was worth $2.7 billion, according to Forbes, was still commenting on global markets as recently as a few weeks ago. “He said if all you have is a hammer, the world looks like a nail.” People discovered him, thinking that they would learn about ways to make money, but they got so much more,” Whitney Tilson, an investor and expert on both Buffett and Munger, told CNN. “His impact went far beyond the investing world. May you RIP, Charlie,” said Mohamed El-Erian, Allianz chief economic adviser, in a post on X. “For so many decades, the two of them led an investment powerhouse that significantly improved so many people’s lives … and, in the process, they repeatedly showcased the prowess of collaboration, synergies, and common sense. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” CEO Warren Buffett said in the release. Wall Street mourned Munger’s passing and his astonishing run at Berkshire Hathaway. Following the war, Munger attended Harvard Law School and graduated with honors in 1948 and moved to Southern California, where he practiced real estate law. Munger served in the US Army during World War II after leaving the University of Michigan in 1943 at the age of 19. No cause of death was given.Ĭharles Thomas Munger, known by his nickname, “Charlie,” was born on January 1, 1924, in Omaha, Nebraska. He was 99 years old.īerkshire Hathaway, the investment firm where Munger served as vice chairman, said in a press release that Munger passed “peacefully” on Tuesday morning in a California hospital. Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died.
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