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

Nov 28, 2023

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2023 Award

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

1. 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 managed by Warren Buffett. Munger was renowned for his sharp wit and wisdom on investment and life, and he played a crucial role in the success of Berkshire Hathaway.

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

Munger was instrumental in shaping Berkshire Hathaway's investment strategy, emphasizing long-term value investing and the importance of investing in companies with strong management teams and ethical business practices. His partnership with Warren Buffett provided a formidable combination that drove the company's growth and success over many decades.

3. What was Charlie Munger's investment philosophy?

Charlie Munger's investment philosophy was centered around the concept of "value investing," which involves buying securities that appear underpriced by some form of fundamental analysis. He advocated for the importance of understanding the businesses in which one invests and stressed the significance of discipline, patience, and rationality in investment decisions.

4. Can you mention some notable quotes or ideas from Charlie Munger?

Charlie Munger was known for his quotable insights. Some of his most famous quotes include "The big money is not in the buying and the selling, but in the waiting," and "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." His ideas often reflected his pragmatic approach to business and investing.

5. What impact did Charlie Munger have outside of investing?

Beyond his achievements in business, Charlie Munger was also a significant philanthropist. He contributed to various educational institutions and supported numerous charitable causes. His intellectual contributions extended into the realms of psychology, economics, and corporate governance, influencing not only investors but also thinkers and policymakers in various fields.

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