2023-11-29 07:29:06
California – Charlie Munger (99), the world-renowned investor, vice chairman of Berkshire Hathaway and confidant of Warren Buffett, has died. Charlie Munger died on January 1, 2024, when he would have turned 100 years old. He died in a hospital in California.
Buffett, Berkshire’s chairman and chief executive, said in a statement that without Charlie’s inspiration, wisdom and partnership, Berkshire Hathaway would not have been built to what it is today. A Berkshire vice chairman since 1978, Charlie’s passing marks the end of an era in America’s corporate investment history.
Along with Buffett, Charlie is a figure that investors around the world have looked up to. Investors flocked to hear Buffett and Charlie speak at Berkshire’s annual shareholder meetings in Omaha, Nebraska.
Charlie was not active in the day-to-day operations of Berkshire. Charlie’s presence helped boost investment confidence even though Berkshire appointed managers.
∙ Brother to Buffett
Since becoming Berkshire’s vice chairman, Charlie has worked closely with Buffett in allocating capital to Berkshire and avoiding public backlash when he felt his business partner was wrong. ‘Charlie was one of the best investors to work with as a team with Buffett. I’m sure it’s a big loss for Buffett personally’ – said Rick Meckler, a partner at Le Cherry Lane Investments in New Jersey.
Buy very good stocks at reasonable prices. Reinvest the proceeds from it. Charlie loved ensuring continued growth and consistent cash flow. This was also a favorite of Buffett.
English Summary:
Charlie Munger, Warren Buffett’s longtime business partner, dies at 99
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