Charlie Munger Death: Warren Buffett told these 7 things about his most trusted advisor Charlie Munger, you should also know
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Charlie Munger Death: Charles Munger, who transformed Berkshire Hathaway Inc. from a failing clothing maker into an empire, died today at the age of 99. He worked as Warren Buffett’s assistant and advisor for nearly 60 years. The company said in a statement that he died on Tuesday in a hospital in California. Warren Buffett said in his statement that without Charlie’s inspiration, knowledge and participation, Berkshire Hathaway could not have been built to its current position. Let us tell you that Munger was the Vice Chairman of Berkshire and was one of its largest shareholders, whose stock was worth about $ 2.2 billion. According to Forbes, his net worth is approximately $2.6 billion.
What did Warren Buffett say about Charlie Munger?
Warren Buffett has credited Charles Munger for teaching Berkshire’s investment philosophy and taking the company to great heights.
Warren Buffett addressed Berkshire’s shareholders in his 1989 annual letter, writing that “I could give you other personal examples of “bargain-buying” folly, but I’m sure you get the picture. It is far better to buy a wonderful company at a fair price than to buy a wonderful company at a wonderful price. Charlie soon understood this. I was a slow learner. But now, when buying companies or common stocks, we look for first-class businesses with first-class management.
Warren Buffett said in his annual letter to investors in 2000 that Charlie thinks about business economics and investing matters better than anyone I know, and I have learned a lot over the years by listening to him.
Warren Buffett said in 2008 that Charlie has taught me a lot about valuing businesses and about human nature.
In a 2011 annual letter to his investment partner Charlie Munger, Warren Buffett said, “I try to look ten or twenty years out when I make purchases, but sometimes my vision becomes weak.” Mungar is better. He has given correct advice on many of my wrong purchases.
In an interview with CNBC in 2021, legendary investor Buffett said that when I met Charlie, after a few minutes in the restaurant I knew that this guy would be in my life forever. We were going to have fun together, we were going to make money together, we were going to get ideas from each other. We were both going to behave better if we didn’t know each other.
Warren Buffett said in his 2023 annual letter to investors that Charlie and I think very much alike. But what takes me a page to explain, he explains in one sentence.
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