Charlie Munger, the venerable vice chairman of Berkshire Hathaway and a billionaire philanthropist, leaves behind a legacy of unparalleled wisdom and investing acumen.
Known for his sharp intellect and insightful perspective, Munger, who worked closely with Warren Buffett, passed away on Tuesday night in California at the age of 99.
Born on January 1, 1924, in Omaha, Nebraska, Munger’s journey was marked by intellectual curiosity from an early age. After graduating in mathematics from the University of Michigan in 1949 and obtaining a law degree from Harvard University in 1948, Munger initially pursued a career in law, eventually founding his own firm.
However, a pivotal moment occurred in 1959 when he crossed paths with Warren Buffett, leading to a legendary partnership that shaped the investment philosophy of Berkshire Hathaway.
Renowned for his multidisciplinary approach to problem-solving, Munger drew insights from psychology, economics, and business. His speeches and writings were characterized by a unique blend of wit, wisdom, and unvarnished honesty, advocating for a broad understanding of various disciplines to make well-informed decisions.
Beyond his role at Berkshire Hathaway, Munger engaged in diverse business ventures and served on multiple company boards. His philanthropic endeavours, especially in education and healthcare, showcased his commitment to making a positive impact beyond the business realm.
Munger’s intellectual prowess, coupled with a pragmatic approach to investing and life, earned him acclaim as one of finance’s most respected figures. His annual letters to Berkshire Hathaway shareholders and speeches at events like annual meetings were eagerly followed by investors and business enthusiasts seeking insights into his distinctive perspective on success and decision-making.
Here are ten insightful quotes by Charlie Munger:
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