• U.S. Berkshire Hathaway University
  • Podcast Stock Storm by Surprise: Warren Buffett and His Lessons for Investing

Investor Charlie Munger, right-hand man of the legendary Warren Buffett, died on Tuesday at the age of 99 in a California hospital, announced the financial conglomerate Berkshire Hathaway, which the two businessmen turned into a giant of the American economy.

"Berkshire Hathaway would not have become what it is today without Charlie's inspiration, wisdom, and involvement," Warren Buffett said in a statement about the passing of the company's vice chairman.

Find out more


Person Pays $19 Million to Have Lunch with Warren Buffett

  • Written by: EFE Washington

Person Pays $19 Million to Have Lunch with Warren Buffett

A lawyer, but also a meteorologist graduate, Charlie Munger came like Warren Buffett from Omaha, Nebraska, where he worked in his youth in Buffett's grandfather's supermarket.

He met Buffett in 1959, but joined Berkshire Hathaway only in 1978, after running his own investment firm for more than a decade.

As vice president, he helped transform Berkshire Hathaway from a textile SME bought in the mid-60s into a gigantic conglomerate, worth more than $782,000.

The two men used a rational and dispassionate approach to investing, often with very long-term strategies, contrary to the short-termism that reigns in some sectors of the market.

"Charlie Munger changed the way I saw things. He made it better. Particularly to look for quality companies and make an investment that can last 5, 10 or 20 years," Buffett said in a 2017 interview.

"It led me to wonder, is this a business we want to keep forever?" he added.

Charlie Munger's fortune is estimated at $2.600 billion, but this is the remainder of his wealth, most of which he donated to charity during his lifetime.

Every year, as if it were a ritual, thousands of people listened to Buffett and Munger during Berkshire Hathaway's general meeting, during which they spent hours answering questions from the audience.

Approaching the age of 100, which he would have turned on January <>, Munger never retired.

At 93, Warren Buffet is still the CEO of Berkshire Hathaway.

  • United States