Bloomberg Business Obituary Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99 He became a billionaire from his stake in Berkshire Hathaway Munger could say to Buffett: ‘You’re not thinking straight’ Charlie MungerPhotographer: Patrick T. Fallon/Bloomberg By Noah Buhayar November 28, 2023 at 4:03 PM EST Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99. He died on Tuesday at a California hospital, the company said in a statement. He was a longtime resident of Los Angeles. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in the statement.
%% Big time bright + brilliant. The big money is not in the selling + buying but waiting[profits pile].-Charlie M. Good points but market makers + specialists make plenty of money doin' just that. [Fun thing about Warren Buffet, he seems to be jealous of short term traders + hedgies even though he makes more than most of them=strange] THOSE who keep learning will keep rising. Nice to see some make it with ''value investing '' most + I dont.
Oh, damn, I thought the guy would outlive all of us. He looked pretty healthy even just last year when he and Buffett held the Annual Meeting.
5 weeks short of 100 years old. Quotes: ~ “The big money is not in the buying or selling, but in the waiting.” ~“Spend each day trying to be a little more wise than you were when you wake up.” ~“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments.” ~“Simplicity has a way of improving performance by enabling us to better understand what we are doing.” ~“All intelligent investing is value investing, acquiring more than you are paying for. You must value the business in order to value the stock.”
Charlie 99 yrs old. Warren 93 yrs old. Nebraska was never industrialized. No urban renewal. No smoke stack industries or major urban centers. In 1990, they told us that subsequent generations would live longer and longer. It probably was true except for the chemical age, the synthetic age, the food additive age. Nebraska living was probably the most untouched. Charlie was able to see many, many things during his long years. Charlie was front row for both the rise and the fall. Kinda of amazing. And when I read about Jimmy...I got worried in Omaha until I read the name more closely.