Charlie Munger, the investing genius and the right-hand man to Warren Buffett, has died at the age of 99.
Charlie Munger was an American investor, lawyer, and philanthropist. He was also Warren Buffett’s longtime friend and business partner, serving as Vice Chairman of Berkshire Hathaway since 1978.
Munger first came to prominence in the 1950s and 1960s as an influential lawyer in California. He was a successful real estate lawyer, and this is where he met Warren Buffett, and began to build a partnership which would have tremendous long-term impacts in the investing world.
Munger and Buffett had a unique understanding of the stock market, and how to take advantage of value investing. They launched their first investment firm, Buffett Partnership Ltd., in 1962, and over the years developed a disciplined approach to investing, focusing on undervalued investments with long-term potential. They also developed an efficient way of managing risk, paying close attention to metrics such as debt-to-earnings ratio, cash flow, and return on investment.
Their approach to investing was unconventional, but successful. They became hugely successful investors, and eventually Buffett became one of the wealthiest people in the world. Munger, although not as well-known as his partner, was instrumental in the success of their strategies.
Aside from investing, Munger was a philanthropist. His donations helped to found and endow the Monger Center for Learning and Research, and also supported various other causes, such as education, poverty alleviation, and healthcare, in the United States and abroad.
Charlie Munger was a successful investor, lawyer and philanthropist. His contributions to the investing world were tremendous, and his influence can still be felt today. He will be remembered for his powerful partnership with Warren Buffett, and for having the courage to pursue unconventional strategies in his investing.
