Charlie Munger, investing legend and right hand to Warren Buffett, dies at 99
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Charlie Munger died Tuesday at age 99.
Article originally published by Business Insider. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
Published by
29 Nov 2023
Charlie Munger, the investing legend who led Berkshire Hathaway as vice chairman alongside Warren Buffett, died Tuesday at age 99.
Berkshire Hathaway announced that Munger's family told the company that he died peacefully Tuesday morning at a California hospital.
«Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation,» Buffett said in a statement on the press release.
Munger amassed a net worth estimated at about $2.3 billion, served as Buffett's right-hand man for years at the conglomerate, and from 1984 to 2011 he was chairman of Wesco Financial Corporation.
Similar to Buffett, Munger built a reputation for a sharp wit and words of wisdom about business, investing, and life, all of which guided Berkshire to many decades of reliable success.
«We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so we could avoid them,» Munger said at a 2007 company meeting.
In 2009, he echoed a
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