Charles Munger, the self-made investor who served as Warren Buffett’s right-hand man at Berkshire Hathaway Inc for more than five decades, has died. He was 99.
Munger, who was often called the “other Warren Buffett,” had parachuted into Omaha, Nebraska, to join Buffett in 1978, shortly after Buffett acquired Berkshire Hathaway. He played an integral role in guiding the company to its current status as one of the most valuable companies in the world.
Munger was widely recognized for his wide range of investment acumen, particularly in identifying value investments well in advance of the rest of the market. His investment decisions were often based on sound fundamental analysis and deep understanding of business principles.
In addition to being a great investor, Munger was highly regarded for his humor and wit. He was known in Omaha for his quips and sayings that still live on today.
Munger was also an active philanthropist, donating large amounts of money to educational and charitable organizations. In 2016 alone, he and his foundation had contributed over $1.1 billion to the charities of his choice.
Munger will be remembered for his brilliant investment acumen, his wit and wisdom, and his generous spirit. We extend our condolences to his family and friends.