Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, died this Tuesday at the age of 99 "peacefully" in a California hospital, the company reported in a note.
"Berkshire Hathaway would not have been built without Charlie's inspiration, wisdom and participation," Buffett said of the man who was his partner and friend for more than six decades.
Munger would turn 100 on January 1. Despite also having been born in Omaha, although six years before Warren Buffett, and having worked in the magnate's grandfather's grocery store when he was young, Munger would not meet the man who would become his partner until 1959. At 35 years old, he later Having been in the military and having practiced law in California, he returned to his native Omaha to close his late father's law firm and it was then that he was introduced to Warren Buffett, who was 29 years old.
In an interview with both of them on the CNBC network in 2018, Warren Buffett highlighted that in the around 60 years of friendship they had "they never had an argument." "Charlie has given me the greatest gift one person can give another. He has made me a better person than I would have otherwise been. He has given me a lot of good advice over time. I have lived a better life because to Charlie," he summarized.
Munger leaves a void at Berkshire Hathaway that investors believe is impossible to fill despite the conglomerate's well-established succession plan. Along with Buffett, Munger was respected and adored by investors around the world, always attentive to the duo's wisdom on investing and life. Like at the annual meetings of Berkshire Hathaway, where they answered hours and hours of questions from shareholders.
The deceased always opted to favor quality when investing, doing so in companies that generated a good flow that would allow reinvesting in their growth.
Munger leaves a void at Berkshire Hathaway that investors believe is impossible to fill despite the conglomerate's well-established succession plan. Along with Buffett, Munger was respected and adored by investors around the world, always attentive to the duo's popular wisdom about investing and life. The deceased always opted to favor quality when investing, doing so in companies that generated a good flow that would allow reinvesting in their growth.
