Warren Buffett's Right Hand Man & Investment Genius Charlie Munger Dies Aged 99
In a big loss for the business world, 93-year-old billionaire Warren Buffett's longtime friend, right-hand man, and alter ego Charlie Munger died on Tuesday.?
In a big loss for the business world, 93-year-old billionaire Warren Buffett's longtime friend, right-hand man, and alter ego Charlie Munger died on Tuesday.
Who Was Charlie Munger?
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Charlie Munger has been Warren Buffett's business partner for more than five decades, and they both built and transformed Berkshire Hathaway from a failing textile maker into a diversified business empire. Munger was vice chairman of Berkshire and one of its biggest shareholders. His overall net worth was about $2.6 billion, according to Forbes.
When Did Charlie Munger Die?
Charlie Munger died on Tuesday at a California hospital, aged 99. He was a longtime resident of Los Angeles. Born on January 1, 1924, in Omaha, Munger met Buffett at a dinner party in 1959.
Also Read: Why Warren Buffett Lives In The Same House That He Bought In 1958
What Did Warren Buffett Say About Munger's Death?
reuters
¡°Berkshire Hathaway could not have been built to its present status without Charlie¡¯s inspiration, wisdom and participation,¡± Warren Buffett said in a statement.
For the unversed, Munger had joined Buffett at Berkshire Hathaway in 1978 and helped the company reach the market cap of $784 billion that it is today. Munger never officially retired from his role at Berkshire Hathaway and would have turned 100 on January 1, 2024.
A lawyer by training, Munger helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. At the company¡¯s annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses.
Also Read: 15 Books Recommended By Billionaire Warren Buffett For Investors
How Business Magnates Are Reacting To Charlie Munger¡¯s Demise
reuters
Apple CEO Tim Cook posted a tribute to Charlie Munger, remembering him as ¡°a keen observer of the world¡± and a man who helped build an American institution.
A titan of business and keen observer of the world around him, Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. He will be sorely missed. Rest in peace Charlie. pic.twitter.com/vNGDktOAhz
¡ª Tim Cook (@tim_cook) November 28, 2023
Shark Tank judge and billionaire Mark Cuban shared a series of crying face emojis in his post mentioning Munger's death.
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¡ª Mark Cuban (@mcuban) November 28, 2023
Charles Munger, Who Helped Buffett Build Berkshire, Dies at 99 https://t.co/aulWwPFVlz
Many other people have been reacting to the investment genius' demise and tweeting about him on X (formerly Twitter).
RIP Charlie Munger, the greatest ¡ª and most quotable ¡ª investor of all time.
¡ª Julia La Roche (@JuliaLaRoche) November 28, 2023
"The first rule of a happy life is low expectations. That¡¯s one you can easily arrange. And if you have unrealistic expectations, you¡¯re going to be miserable all your life." pic.twitter.com/Ncd6xkffeb
Charlie Munger once offered what I consider to be the best life advice one can receive:
¡ª Sahil Bloom (@SahilBloom) November 28, 2023
"How to find a good spouse? The best single way is to deserve a good spouse...To get what you want, you have to deserve what you want."
RIP to a legend whose wisdom will echo for eternity. pic.twitter.com/ZiNvJf46F1
Legendary Investor Charlie Munger passes away at the age of 99
¡ª Aditya Kondawar (@aditya_kondawar) November 29, 2023
He would have turned 100 on Jan 1, 2024!
My favorite quotes from him -
¡°In my whole life, I have known no wise people (over a broad subject matter area) who didn¡¯t read all the time ¡ª none, zero. You¡¯d be amazed¡ pic.twitter.com/hOysHCuk8y
¡°You don¡¯t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.¡±
¡ª Porinju Veliyath (@porinju) November 29, 2023
Rest In Peace Charlie Munger! pic.twitter.com/CdtNQf5RfQ
"I think a life properly lived is just learn, learn, learn all the time."
¡ª Paul Graham (@paulg) November 28, 2023
¡ª Charlie Munger
Also Read: What Warren Buffett Learnt From His First Job Delivering Newspapers
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