In Memory of Billionaire Charlie Munger: A Look Back at His Legacy and Impact on Berkshire Hathaway

2023-11-29 03:11:15

Billionaire Charlie Munger died on the 28th at the age of 99. He was also an old friend and business partner of stock god Warren Buffett.

A press release from Berkshire Hathaway stated that Monger passed away peacefully in a California hospital on the morning of the 28th. The cause of death was not specified.

Munger is Buffett’s closest business partner and his best assistant for 60 years. He was the former chief vice chairman of Berkshire Hathaway. Buffett will listen to Munger’s opinions privately.

In 1971, Monger persuaded him to buy the chocolate shop for three times the net worth of See’s Candy Shops. Buffett recalled: “That was a ‘high price.'” Far higher than his usual purchase price, but Over the next few decades, See’s generated approximately $2 billion in profits for Berkshire Hathaway.

Wall Street expressed its condolences for Munger’s passing and his amazing work at Berkshire Hathaway. “Without Charlie’s inspiration, wisdom and involvement, Berkshire Hathaway would not be where it is today,” Buffett said in a press release.

Forbes reported that Monger is worth as much as $2.7 billion. A few weeks ago, he also commented on the global market, saying on a podcast that Buffett’s investment of billions of dollars in Japan was a “brainless decision.”

(First image source: shutterstock)

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