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☆ Why It’s So Hard to Copy Charlie Munger’s Secret Sauce
▼ + stars: | 2023-12-01 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

Charlie Munger and Warren Buffett, with hand raised, in 2006. Munger persuaded Buffett to focus on buying ‘wonderful businesses at fair prices.’ Photo: David Silverman/Getty ImagesIf you want to invest like Charlie Munger , you’re late to the party. The investor’s genius in spotting what’s become known as the “quality factor”—buying good companies—made a ton of money for him and business partner Warren Buffett . Nearly 50 years on, it might not be such a great time to copy his strategy. For those who missed the late Munger’s brilliance, he’s the one who persuaded the billionaire Buffett to shift Berkshire Hathaway ’s focus from “cigar butt” value stocks—bad companies that no one else wants, and so are cheap—to buying “wonderful businesses at fair prices.”

Persons: Charlie Munger, Warren Buffett, Munger, Buffett, David Silverman, you’re, what’s, —, Berkshire Hathaway ’ Organizations: Berkshire

☆ Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'
▼ + stars: | 2023-12-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

For Charlie Munger, living in a relatively modest house wasn't an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. "[Buffett and I] are both smart enough to have watched our friends who got rich build these really fancy houses," Munger said. "[Buffett and I] both considered bigger and better houses," Munger said. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.

Persons: Charlie Munger, Munger, Warren Buffett, He'd, CNBC's Becky Quick, Buffett, Duke Organizations: Berkshire Locations: California, Westchester, Omaha , Nebraska

☆ One ETF that focuses on employee happiness is outperforming the market this year
▼ + stars: | 2023-12-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Executives don't need to worry about Irrational misrepresenting their company, and participation can open them up to potential inclusion in products such as an ETF, van Adelsberg said. In total, the ETF recently held nearly 150 equities and is benchmarked to the CIBC Human Capital Index. Still, the team noted some challenges in building broader awareness of what human capital is or why it matters. "In this market, what we're seeing is that those companies who have strong human capital ratings are outperforming," van Adelsberg said. "The role that human capital plays in driving future equity performance isn't going down.

Persons: doesn't, Kristof Gleich, –, it's, Gleich, …, Morningstar, HAPI, David van Adelsberg, van Adelsberg, Eli Lilly, Johnson, Berkshire Hathaway, JPMorgan Chase, they've, It's Organizations: Capital Factor, Capital Advisors, Irrational, ETF, Microsoft, Apple, Nvidia, Meta, Morningstar, Mastercard, Berkshire, CIBC Human, JPMorgan, Securities, Exchange

☆ US jury awards $17.7 mln to Kraft, other producers in egg price-fixing case
▼ + stars: | 2023-12-01 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

The damages award could be tripled under U.S. antitrust law to more than $53 million. The same jury on Nov. 21 found the egg producers liable for the alleged antitrust conspiracy after a more than five-week trial. The damages award was limited to alleged overpayments during a four-year window in the mid-2000s. The jury's liability decision held Cal-Maine accountable with other defendants, including trade associations United Egg Producers and United States Egg Marketers. The case is Kraft Foods Global Inc v. United Egg Producers Inc, U.S. District Court for the Northern District of Illinois, No.

Persons: Oscar Mayer, Heinz, General Mills, Kellogg, Brandon Fox, Jenner, Steven Seeger, Robin Sumner, Troutman Pepper Hamilton Sanders, Patrick Collins of King, Rose Acre, James King, Porter Wright Morris, Mike Scarcella Organizations: Kraft, Kraft Foods Group Inc, 3G Capital, Berkshire Hathaway Inc, Food, Nestle, Friday, Cal, Maine Foods, United Egg Producers, United States Egg, U.S, Kraft Foods Global Inc, United Egg Producers Inc, Northern, Northern District of, Jenner, Patrick Collins of King & Spalding, Arthur, Thomson Locations: Northfield , Illinois, Acre, Ridgeland , Mississippi, Maine, Cal, Northern District, Northern District of Illinois

☆ Charlie Munger said Berkshire would be worth double if he and Buffett used this common practice
▼ + stars: | 2023-11-30 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Munger, Berkshire Hathaway's vice chairman who died Tuesday just a month shy of his 100th birthday, stressed that he and Buffett almost never used this common Wall Street practice, because they always put their shareholders first. "Losing three quarters of the money would've been a big letdown." Munger said he and Buffett had been "very cautious" in handling their shareholders' money over the years. Berkshire shareholders tend to be long-term investors like all the conglomerate's top executives, often treating their stock like a savings account. We would've used more leverage," Munger said in the CNBC special.

Persons: Charlie Munger, Berkshire Hathaway, Warren Buffett, Buffett, would've, Munger, CNBC's Becky Quick, Warren Organizations: Munger , Berkshire Hathaway's, CNBC, Berkshire, Insurance Locations: Berkshire, Munger , Berkshire, Omaha

☆ Private-asset binge exposes insurance to new risks
▼ + stars: | 2023-11-30 | by ( John Foley | ) www.reuters.com time to read: +7 min

The concept is not new: Warren Buffett’s Berkshire Hathaway (BRKa.N) has used its insurance premiums to help fund everything from railways to cowboy-boot makers. The prospect of insurance companies buying risky loans or private equity investments has raised eyebrows. Many private credit assets, for example, rely on so-called private letter ratings based on confidential data. Given the private nature of private credit, it’s hard to see from the outside how big these risks are, or where they lurk. Besides, even if the share of life insurance assets that are mis-rated or undercapitalized is tiny, smaller insurers could carry more concentrated risk.

Persons: Blackstone, Warren Buffett’s Berkshire Hathaway, Fitch, Kroll, Egan, Jones, DBRS Morningstar, Banks, SVB, Jonathan Guilford, Neil Unmack, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Apollo Global Management, KKR, Global Atlantic, Investments, National Association of Insurance, England’s Everton FC, Rivals, Reuters Graphics Reuters, Federal Reserve, Federal Deposit Insurance Corp, Athene, P Global, Insurance, SVB, Thomson Locations: Global, Delaware , New York, Iowa, New York, London

☆ How investing $100 in Berkshire Hathaway when Charlie Munger joined would now be worth nearly $400,000
▼ + stars: | 2023-11-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Munger, a billionaire investor and vice chairman of Buffett’s investment firm Berkshire Hathaway, died Tuesday morning at 99 years old. (Berkshire Hathaway shares, which didn’t have different classes then, ended 1977 at $138 a share.) Projections of Warren Buffett, Berkshire Hathaway Inc. chairman and chief executive officer, and Charles Munger, vice chairman of Berkshire Hathaway. Berkshire outperformed the S&P 500 during 31 of the 46 years Munger was at the company, according to Bespoke. The Christmas Price Index, now in its 40th year, is a tongue-in-cheek take on the Bureau of Labor Statistics’ Consumer Price Index and is meant to highlight market changes over time while educating consumers about the economy.

Persons: Charlie Munger, Warren Buffett, Berkshire Hathaway, Buffett, Munger, ” Munger, Charlie, Michael Broggie, –, “, Charles Munger, Daniel Acker, Buffett’s, – Munger, inflation’s, Alicia Wallace, Read, Jordan Valinsky, didn’t Organizations: CNN Business, Bell, New York CNN, Berkshire, Berkshire Hathaway, Investment, Harvard Law School, Berkshire Hathaway Inc, Bloomberg, Getty, Daily, PNC Financial Services, Bureau of Labor Statistics ’, Nevada . Rite, Rite Aid, Amazon, Walmart, Target, Costco Locations: New York, Munger, Omaha, Berkshire, California, Pennsylvania, Ohio , Virginia, Washington, Michigan , New Jersey , Oregon, Connecticut , Maryland, Nevada

☆ New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins
▼ + stars: | 2023-11-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

“The great wealth transfer is gaining significant momentum as many billionaire entrepreneurs age,” Benjamin Cavalli, who oversees strategic clients in the global wealth management unit at UBS, told reporters. Their combined wealth rose 9% to $12 trillion, before taking inflation into account. Arnault is the world’s third-richest man, with a net worth of $167 billion, according to the Bloomberg Billionaires Index. Risks and opportunity for UBSThe “staggering” transfer of wealth to younger generations presents a huge opportunity for UBS, but also poses considerable risks, according to Cavalli. Heirs lean more toward impact investing — that is, socially or environmentally beneficial investing — over “classic grant-giving philanthropy,” Cavalli said.

Persons: “, ” Benjamin Cavalli, LVMH's Bernard Arnault, Helene, Frederic, Delphine, Antoine, Alexandre, Bernard Arnault, Arnault, Tesla’s Elon Musk, Jeff Bezos —, —, India’s Gautam Adani, Mukesh Ambani, Cavalli, ”, Morgan Stanley —, Stefan Wermuth, ” Cavalli, Charlie Munger, Henry E Organizations: London CNN, UBS, Bloomberg, Adani Group, Reliance Industries, Suisse, Getty, ”, Berkshire Hathaway, Huntington Library, Art Locations: Paris, Europe, France

☆ 'An era in the United States has ended': The Chinese internet is alight with tributes to Henry Kissinger
▼ + stars: | 2023-11-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The Chinese internet lamented the death of Henry Kissinger death on Wednesday. Just four hours after his death was announced, topics on Kissinger hit a whopping 660 million combined view count on Weibo, China's version of Twitter. "Old friends are dying, like leaves in the wind," wrote one Weibo user in a top comment, referencing a line attributed to the ancient Chinese warlord Cao Cao. Chinese leader Xi Jinping even called him an "old friend of the Chinese people" when Kissinger visited China in July. AdvertisementWith his death, and that of Berkshire Hathaway's Charlie Munger, "an era in the United States has ended," wrote one Weibo user in a heavily upvoted comment.

Persons: Henry Kissinger, Kissinger, —, Cao Cao, Guan Yu, Cao Cao's, Xi Jinping, Charlie Munger, Kissinger —, Munger, that's, Richard Nixon Organizations: Service, Weibo, Twitter, Sino, Business Locations: Weibo, China, American, Washington, Beijing, Berkshire, United States

☆ Munger and Buffett were unable to pull off one last deal together using Berkshire's $157 billion in cash
▼ + stars: | 2023-11-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Charlie Munger didn't manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway , with nearly $160 billion cash, will find its elephant one day. Not very many," Munger said in CNBC's special "Charlie Munger: A Life of Wit and Wisdom," which aired Thursday. The Omaha-based conglomerate held a record level of cash — $157.2 billion — at the end of September. Squeeze new lemonsMunger, Berkshire's late vice chairman, said such a mammoth deal may have to be done by the next generation of leaders at the conglomerate. "There are worse situations than drowning in cash, and sitting, sitting, sitting.

Persons: Charlie Munger didn't, Warren Buffett, Berkshire Hathaway, Munger, Charlie Munger, CNBC's Becky Quick, Buffett, Berkshire's, Greg Abel, Buffett's, Ajit Jain, Ted Weschler, Todd Combs Organizations: Berkshire, Alleghany Corp, Dominion Locations: Omaha, Munger

☆ Charlie Munger on making money in today's market: 'It's so much harder you can't believe it'
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger on making money in today's market: 'It's so much harder you can't believe it'In this CNBC Special Report CNBC's Becky Quick sits down with investing legend Charlie Munger in his last ever interview with CNBC as he looks back at his childhood, the growth of Berkshire Hathaway, his enduring legacy and much more.

Persons: Charlie Munger, Becky Quick, Berkshire Hathaway Organizations: CNBC Locations: Berkshire

☆ Charlie Munger: 'I am a lover of the progress of civilization'
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger: 'I am a lover of the progress of civilization'In this CNBC Special Report CNBC's Becky Quick sits down with investing legend Charlie Munger in his last ever interview with CNBC as he looks back at his childhood, the growth of Berkshire Hathaway, his enduring legacy and much more.

Persons: Charlie Munger, Becky Quick, Berkshire Hathaway Organizations: CNBC Locations: Berkshire

☆ Charlie Munger: I had a 'much better mind than other people had, and I recognized that quite early'
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger: I had a 'much better mind than other people had, and I recognized that quite early'In this CNBC Special Report CNBC's Becky Quick sits down with investing legend Charlie Munger in his last ever interview with CNBC as he looks back at his childhood, the growth of Berkshire Hathaway, his enduring legacy and much more.

Persons: Charlie Munger, Becky Quick, Berkshire Hathaway Organizations: CNBC Locations: Berkshire

(AP) — An attorney for the billionaire Haslam family called bribery allegations leveled by Warren Buffett's company a “wild invention” Thursday. The Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire last month of trying to understate Pilot’s earnings this year by changing its accounting practices. A senior executive who had been promised a bonus revealed that to the current Pilot CEO, according to Berkshire. Haslam’s side promises have forced the company to investigate and interrogate many of the key employees it relies on today to operate the company,” Lavoie said. In addition to Pilot, Berkshire owns an eclectic assortment of other businesses including Geico insurance, BNSF railroad and several major utilities along with a number of smaller manufacturing and retail businesses.

Persons: Haslam, Warren Buffett's, Berkshire Hathaway, Jimmy Haslam, Bill Haslam —, ”, Anitha Reddy, Craig Lavoie, Berkshire, Jim Haslam — Jimmy, Bill Haslam’s, —, Lavoie, it's, Mr, Haslam’s, ” Lavoie, Buffett Organizations: Berkshire, Cleveland Browns, BNSF, Apple, American Express, Bank of America Locations: OMAHA, Neb, Berkshire, Tennessee, United States, Canada

☆ Stock Market Today: What's Next for Berkshire Hathaway
▼ + stars: | 2023-11-29 | by ( ) www.wsj.com time to read: +1 min

The yield on the benchmark 10-year U.S. Treasury note fell below 4.3% Wednesday, a significant level when considering where it started the month—hovering above 4.8%. This comes a day after a formerly hawkish Fed official endorsed an extended pause on rate moves. Investors are also digesting Tuesday’s death of Berkshire Hathaway titan Charlie Munger . Contracts tied to the S&P 500, Dow industrials and Nasdaq-100 each ticked up modestly. The benchmark S&P 500 is on pace to end November with its best month since July 2022.

Persons: Berkshire Hathaway, Charlie Munger, Dow, Gold, Hang Seng, ” Organizations: Treasury, Fed, Dow industrials, Nasdaq, Futures, Hormel Foods Locations: Europe, Berkshire, Asia, Hong

☆ Charlie Munger revealed weeks before his death the one thing he wished he had done in his lifetime
▼ + stars: | 2023-11-29 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Charlie Munger died Tuesday at the age of 99. He said, however, that he probably wouldn't go after that particular dream at his old age. I never caught one," Munger told Quick in an interview filmed right before his 100th birthday. Advertisement"I am very good at recognizing unfair advantages, and I got unfair advantages at old age in the way I got an unfair advantage in not old age. While at Berkshire Hathaway , Munger served as vice-chairman alongside CEO Warren Buffett.

Persons: Charlie Munger, —, Becky Quick, Munger, Quick, Price, You've, Berkshire Hathaway, Warren Buffett, CNBC's, Buffett, We've Organizations: Service, CNBC, Berkshire, Berkshire Hathaway Locations: California

☆ With Charlie Munger’s Death, Berkshire Loses a Custodian of Its Culture
▼ + stars: | 2023-11-29 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: +1 min

Shares of Berkshire Hathaway barely budged on Wednesday, a day after its vice chairman, Charlie Munger, died, reflecting the view among shareholders that Mr. Munger’s absence on the conglomerate’s day to day would have little impact on its future, even as they mourned the loss of the man who helped shape Berkshire’s culture. Mr. Munger, who helped build Berkshire into a global investing powerhouse, died at a California hospital on Tuesday morning, according to an announcement from Berkshire. He was just over a month short of his 100th birthday. Warren Buffett, the chairman and chief executive of Berkshire Hathaway, who built the company over decades with Mr. Munger’s steering, said it was his partner’s “inspiration, wisdom and participation” that had proved vital to Berkshire’s success. “Berkshire Hathaway could not have been built to its present status without Charlie,” Mr. Buffett said.

Persons: Berkshire Hathaway, Charlie Munger, Munger, Warren Buffett, Charlie, ” Mr, Buffett Organizations: Berkshire Locations: Berkshire, California

☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ Charlie Munger once advised Warren Buffett to live his life according to how he wanted his obituary written, and 'live backwards'
▼ + stars: | 2023-11-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Charlie Munger, the investing legend, once advised Warren Buffett to live life backwards. Think about what you want your obituary to say, and work towards it, Munger advised Buffett, he told CNBC. AdvertisementCharlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, once advised the CEO to think about what he'd want his obituary to say, then live life according to it, CNBC reported Tuesday . Munger told Buffett "he should write his obituary the way he wants it written, and then live his life accordingly," Quick said. In a recent unaired interview with Quick, Munger commented on the advice and said "It's not a bad idea" to start at the end and work backward.

Persons: Charlie Munger, Warren Buffett, Munger, Buffett, —, Warren Buffett's, he'd, CNBC's Becky Quick, Quick, It's, Berkshire Hathaway, Warren Organizations: CNBC, Service, Berkshire Hathaway, Berkshire Locations: California, Omaha

☆ Charlie Munger first met Warren Buffett in 1959. Here's how the lawyer became an investing legend.
▼ + stars: | 2023-11-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Charlie Munger died at the age of 99 on Tuesday. The Berkshire Hathaway vice-chairman became an investor after meeting Warren Buffett at a dinner party. AdvertisementCharlie Munger, the vice-chairman of Berkshire Hathaway and Warren Buffett's righthand man, died at the age of 99 on Tuesday. "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation," Buffett said in a press release. Munger was a successful lawyer before Buffett convinced him to try out finance, and then to join Berkshire Hathaway in 1978.

Persons: Charlie Munger, Warren Buffett, —, Berkshire Hathaway, Warren Buffett's, Buffett, Munger, didn't Organizations: Berkshire Hathaway, US Army Air Corps, Service, Berkshire Locations: Omaha , Nebraska

☆ Charlie Munger made billions for Berkshire Hathaway, but he made investing mistakes too
▼ + stars: | 2023-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But Munger made mistakes too, and cited Alibaba and Belridge Oil as two of his biggest investing errors. AdvertisementLegendary investor Charlie Munger was a shrewd investor who helped Berkshire Hathaway make billions. Here are the mistakes Munger has admitted to:Alibaba was 'one of the worst mistakes' Munger madeMunger's Daily Journal quadrupled its holding of Alibaba stock in the third quarter of 2021. Oil giant Shell acquired Belridge Oil in 1979 for about 30 times the price Munger had paid for the company's shares. "But I would have had twice as many billions if I'd just made a different decision about Belridge Oil."

Persons: Charlie Munger, Warren Buffet, Berkshire Hathaway, Munger, —, Munger —, Pinker, Alibaba, Jack Ma, they're Organizations: Service, Berkshire, Munger's Daily, Daily, Oil Munger, Belridge, Shell, Belridge Oil Locations: Berkshire, California, Munger's

☆ 'Diworsification' and lifelong learning: 3 quotes from Charlie Munger that will make you a better investor
▼ + stars: | 2023-11-29 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Billionaire and investing legend Charlie Munger died on Tuesday at the age of 99. "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation," Buffett said in a statement. Munger was already a wealthy man by the time he joined Buffett at Berkshire Hathaway, and went on to grow his fortune to an estimated $2.3 billion by early 2023. : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger." Buffett and Munger both got rich making concentrated investments in individual companies, and Munger, in particular, scoffed at financial professionals who spread their bets across an array of names.

Persons: Charlie Munger, Berkshire Hathaway, Warren Buffett's, Buffett, Munger, it's Organizations: Berkshire, Oracle, Berkshire Hathaway, University of Southern California Law, Daily Journal Corporation Locations: Omaha, Munger, Berkshire

The Haslams' lawyers and a representative for the family didn't immediately respond to requests for comment. A senior executive who had been promised a bonus revealed that to the current Pilot CEO, who Berkshire appointed after it took over, according to the filing. Berkshire initially bought 38.6% of Pilot back then for $2.758 billion before more than doubling that to 80% this year for an additional $8.2 billion. Pilot is the nation’s largest network of truck stops with more than 850 locations and roughly 30,000 employees in the United States and Canada. Berkshire said it's impossible to calculate how much Pilot's profits may have been inflated this year because of decisions executives who were promised bonuses made.

Persons: — Warren, Berkshire Hathaway, Haslam, Jimmy Haslam, Bill Haslam —, Berkshire, Jim Haslam — Jimmy, Bill Haslam's, —, Buffett Organizations: Cleveland Browns, Berkshire, BNSF, Apple, American Express, Bank of America Locations: OMAHA, Neb, Berkshire, Tennessee, Knoxville , Tennessee, United States, Canada

☆ How Munger and Buffett's 60-year partnership was so special: 'Charlie and I have never had an argument'
▼ + stars: | 2023-11-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Charlie Munger's unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history. The journey to their unparalleled success was full of learning, experience and laughter, but never an argument. Compared to Buffett's folksy image, Munger often spoke bluntly, sprinkling witty zingers that his followers adored. It's been so much fun," Munger said of his partnership with Buffett. Munger's Costco obsessionOn the rare occasions they disagreed, the two icons dealt with it by wielding laughter.

Persons: Charlie Munger's, Warren Buffett, Munger, Berkshire Hathaway, Charlie, Buffett, We've, it's Organizations: Buffett, Costco Locations: Omaha, Berkshire

☆ Charlie Munger had a big birthday party planned for New Year's Eve when he would have turned 100 years old
▼ + stars: | 2023-11-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, died at age 99 on Tuesday. He had planned his birthday party which would have fallen on New Year's Eve, according to CNBC. AdvertisementCharlie Munger, Berkshire Hathaway's vice chairman and investing legend, had plans in place for his birthday on New Year's Eve when he would have turned 100 years old, CNBC reported Tuesday . In a recent unaired interview with Munger, Quick asked if he had anything left on his bucket list of things he'd like to do. He led Berkshire Hathaway alongside Buffett since 1978 and amassed a $2.6 billion fortune along the way.

Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, —, CNBC's Becky Quick, Munger, Quick, It's, Warren Buffett, Buffett, Duke, Worcester Organizations: Berkshire, CNBC, Service, Charlie Munger , Berkshire Hathaway's Locations: Charlie Munger , Berkshire, California, Berkshire

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