Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice chairman and Warren Buffett's right-hand man and friend of nearly six decades, died on Tuesday in California, the company announced.
Together, Buffett and Munger built Berkshire Hathaway into one of the most successful and long-lasting business partnerships that enthralled millions worldwide. I Photo: TEDizen Flickr
He was 99, as reported by Julia La Roche for Yahoo Finance.
Together, Buffett and Munger built Berkshire Hathaway into one of the most successful and long-lasting business partnerships that enthralled millions worldwide. On Tuesday, Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom, and participation."
Berkshire, originally a textile manufacturer, has grown into a multinational conglomerate that wholly owns popular brands like Dairy Queen and Fruit of the Loom and has stakes in Apple, Coca-Cola, and other large public companies.
Every year, thousands of Berkshire shareholders make the pilgrimage to Omaha, Neb., to listen to Buffett and Munger answer their questions for hours.
Munger, known for his maxims about business, investing, and life, would sip Coca-Colas and nibble See's Candies peanut brittle alongside his partner. Charles Thomas Munger was born on Jan. 1, 1924, in Omaha, Neb.
He grew up in the Dundee neighborhood, a half a block from Buffett’s house, and attended the same high school as the investing legend.
He even worked at Buffett’s grandfather’s grocery store as a teenager, though the pair wouldn’t meet until later at the ages of 35 and 29, respectively. When they did finally meet, they became instant friends and partners.