Charlie Munger dies at age 99. Warren Buffett’s sidekick and business partner
I have created this topic to celebrate Charlie Munger life:
How did Charlie made you a better investor?
Charlie Munger funniest moments compilation:
“The blueprint he gave me was simple: forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.” - Warren Buffett
In an age where we too quickly crown the an entrepreneur as a genius we forget the people who focus on fundamentals and have a track record in the multiple decades.
Rip legend the second I came on and seen the title thread I knew it hapoend :(. It’s always before Xmas, sad times.
It’s so weird that I followed these two giants since I started investing but never bought into berkshire hathaway, the second I did you know when you get that feeling, well I had that feeling…
But he had a great life, such a comdean in his manners, hopfully Warren is OK, I know how much Charlie meant to him.
Whatever happens from now they both had amazing life’s, I could listen to their stories all day, and will contuine to for the rest of my life.
They always gave great insight to the markets the way everything works with added comedisnshio intertwined.
Anyways Rip Grampa Munger may you enjoy your comes, and crunchy foods up in heaven.
Personally, I’d be ashamed and see it as a massive personal failure to die as a billionnaire without having allocated it all to needy causes before I perished; and I don’t mean constructing a university building with my name on it.
I think it’s that mindset which means I’ll never get to be a billionnaire (among other reasons!).
Munger didn’t seem to be amongst the worst or most egregious and offensive billionnaires but whilst I won’t celebrate his death I also won’t be mourning the demise of someone who accumulated so much whilst so many have so little.
Mungers idea of a university building was practically a prison block.
Many future students must be thankful it hasn’t gone ahead.
Oh Charlie… I typed picked “constructiong a university building with my name on it” as clichéd example of rich person charitable giving. I didn’t actually know he’d tried to do it. Gross.
MacKenzie Scott, ex wife of the purtid Jeff Bezos, does amazing philanthropy with no fanfare or ego stroking MacKenzie Scott - Wikipedia
Although I agree with you in part, living up to 99 years with a relatively big public profile and not having any scandals or people saying bad stories about you, it is by itself a great achievement.
Some people help others without making it public, and that’s how it should be.
While your general point is valid @CashCow to say that he has failed because he couldn’t match his last dollar with the day he died is a bit harsh.
Charlie Munger was a fraction as wealthy as Warren Buffett. He would've been worth over $10 billion if he'd kept all of his Berkshire Hathaway stock.“It would be fair to say that at his peak ownership of Berkshire, he’d own about five times the number of shares that he owns today, making his position north of $10 billion” Chris Bloomstran, the president of Semper Augustus Investments and a longtime Berkshire shareholder, told Insider.
It’s worth underscoring that Munger has intentionally pared his Berkshire stake to fund his charitable giving. For example, he donated 77 A shares worth about $40 million to a library and art gallery just this month.
“I’m deliberately taking my net worth down,” he told The Omaha World-Herald in 2013. “My thinking is, I’m not immortal,” he continued, “and I won’t need it where I’m going.”
For sure he wasn’t the reason why so many have so few… it should be other people and countries helping those in need
Don’t worry about the cow., it’s got mad cow disease
I lnow it happens to us all but really sad to see him pass on. I wish i had learnt from him far earlier in my life.
I really hope who takes on the comppany have the same ethos as those charlie and warren
Magical interview, such a wise man, I love my elders. I could listen to them all day.