Charlie Munger, a longtime partner of Warren Buffett and vice chairman of Berkshire Hathaway, died on Tuesday at a California hospital at the age of 99.
Munger was a highly respected investor and businessman, known for his wit, wisdom, and contrarian views. He was a close confidant of Buffett’s, and the two men worked together for over 50 years to build Berkshire Hathaway into one of the world’s most successful companies.
Munger was born in Omaha, Nebraska, in 1924. He graduated from Harvard Law School in 1948 and practiced law for several years before becoming an investor. He joined Berkshire Hathaway in 1959, and he quickly became one of Buffett’s most trusted advisors.
Munger was a strong advocate for value investing, which is the practice of investing in stocks that are trading for less than their intrinsic value. He was also a pioneer in the field of behavioral finance, which studies how psychological factors affect investors’ decision-making.
Munger was a prolific writer and speaker, and he was known for his sharp wit and his ability to explain complex concepts in simple terms. He was also a generous philanthropist, and he donated billions of dollars to charity over his lifetime.
Munger’s death is a great loss to the world of investing. He was a brilliant man who made a significant impact on the lives of many people. He will be deeply missed.