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Remembering Charlie Munger: A Legacy at 99

Business  •  29 Nov, 2023  •  1,37,548 Views  •  ⭐ 1.0

Written by Shivani Chourasia

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The world of finance and investing bids farewell to one of its greatest minds, Charlie Munger, who passed away at the age of 99. Renowned for his incisive wit, profound wisdom, and unparalleled expertise in investment, Munger was not just Warren Buffett's right-hand man at Berkshire Hathaway, but a legend in his own right. His passing marks the end of an era in the global financial landscape, leaving behind a legacy that will continue to influence generations.


Early Beginnings and Formative Years

Charlie Munger: These Four Factors Explain Why Berkshire Hathaway Has Done  So Well - Bloomberg
Image Credits: Bloomberg.com

Born in Omaha, Nebraska, on January 1, 1924, Charles Thomas Munger's early life was the bedrock upon which he built a diverse and successful career. His academic pursuits took him from the University of Michigan to the U.S. Army Air Corps, and later to the California Institute of Technology. His intellectual journey culminated at Harvard Law School, where he graduated magna cum laude in 1948. These experiences shaped Munger's analytical approach and set the stage for his varied career endeavours.

A Multifaceted Career

Charlie Munger, longtime business partner of Warren Buffett, has died : NPR
Image Credits: NPR

Munger's professional journey began in the field of law. He co-founded the law firm Munger, Tolles & Olson, and his keen legal mind was soon drawn to the world of investments. His early investment efforts included managing Wheeler, Munger & Co., a hedge fund. This period marked the beginning of his foray into a field where he would eventually make an indelible mark. Beyond law and finance, Munger also served as chairman and publisher of the Daily Journal Corp and led Wesco Financial for several decades.



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The Berkshire Hathaway Chapter

Charlie Munger, Berkshire Hathaway vice-chair, 1924-2023
Image Credits: Financial Times

The collaboration between Charlie Munger and Warren Buffett is the stuff of legend in the business world. Their partnership, which began in the late 1950s, changed the course of Berkshire Hathaway and the investment industry. Munger's joining Berkshire in 1978 infused the company with a new investment philosophy, focusing on long-term value. This strategy was epitomized in the successful acquisition of See's Candies in 1972, which generated significant returns and exemplified Munger's approach to investment.

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