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Charlie Munger dies at 99

Published Nov 28, 2023 04:09PM ET
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© Reuters Charlie Munger dies at 99
 
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Berkshire Hathaway (NYSE:BRKa) announced Tuesday afternoon that vice chairman Charlie Munger has died. He was 99 years old.

The company said it was advised by members of Mr. Munger's family that he peacefully died this morning at a California hospital.

“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation," Warren Buffett, CEO of Berkshire Hathaway, said.

Munger was long considered Mr. Buffett's right-hand man.

Munger's journey, from working for Buffett's grandfather during the Great Depression to becoming Buffett's indispensable partner at Berkshire Hathaway for over four decades, epitomized an extraordinary business alliance. Despite their differing styles and political affiliations, their partnership thrived, shaping Berkshire into a multi-billion dollar powerhouse.

Known for his acerbic wit and blunt insights, Munger, affectionately called Charlie, complemented Buffett's optimism with sharp observations on investing and human nature.

Their union, originating in 1975 at Berkshire, redefined investment strategies, as Munger influenced Buffett to focus on buying exceptional companies at reasonable prices, broadening Buffett's horizons beyond Graham's teachings.

Dubbed the "Oracle of Pasadena" by his admirers, Munger's wisdom was shared at Berkshire's annual meetings and through his investment ventures, leaving a legacy not just in finance but also in philanthropy, modest living, and a profound skepticism of fleeting trends like social media, cryptocurrencies, and artificial intelligence.

Munger's death is also a reminder to investors that Buffett is 93 years old.

Charlie Munger dies at 99
 

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Comments (85)
Yeoh Kok Leong
Yeoh Kok Leong Nov 30, 2023 1:50AM ET
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May his Soul Rest In Peace 🙏
Thanh Tâm
Thanh Tâm Nov 29, 2023 10:46AM ET
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thank Charlie Munger
Posa Bogdan
Posa Bogdan Nov 29, 2023 2:56AM ET
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legend. thank you Charlie for everything.
matra simca
matra simca Nov 29, 2023 2:41AM ET
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RIP Charlie
Jerry Smith
Jerry Smith Nov 28, 2023 11:55PM ET
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No one cares
wong honwa
wong honwa Nov 28, 2023 9:05PM ET
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😭
deeeeeez nuttttzzzzFJB
deeeeeez nuttttzzzzFJB Nov 28, 2023 9:01PM ET
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RIP OG CHARLIE
phi tran
phi tran Nov 28, 2023 8:50PM ET
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RIP legendary
James Oh
James Oh Nov 28, 2023 8:03PM ET
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Finally
Robby Mon
Robby Mon Nov 28, 2023 8:03PM ET
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daayyum. cold bluddah
Stephen Schuler
Stephen Schuler Nov 28, 2023 7:42PM ET
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Rest in peace good sir
 
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