When you call someone’s name for 64 years

So heartwarming Listen to Warren make jokes with his pal 🎥TikTok: Warren on Demand

Charlie Munger takes aim at Elon Musk

Rude journalist asks why Charlie Munger is 'poorer' than Buffett

Charlie Munger and Warren Buffett on Elon Musk: "It's a dedication to solve the impossible."

Charlie Munger and Warren Buffet - arguably the greatest investment minds ever. Business Partners, Best friends and inspiration for many.! Charlie`s passing away bought to an end this great partnership of 64 years. I`m sure Buffet misses him

“The best way to get what you want in life is to deserve what you want.” ~Charlie Munger

This makes me feel sad. When you think about billionaires, and how they made their money, and what they did with it… Charlie Munger was one of the good guys.

Context/Details: Charles Thomas Munger, widely known as Charlie Munger, was a prominent American businessman, investor, and philanthropist, best recognized as the vice chairman of Berkshire Hathaway, the conglomerate led by Warren Buffett. Born on January 1, 1924, in Omaha, Nebraska, Munger's journey began with his early education at the University of Michigan, followed by a brief stint in the U.S. Army Air Corps during World War II. Post-war, he pursued law at Harvard, graduating magna cum laude in 1948. Munger's career transitioned from law to investment, leading to a significant partnership with Warren Buffett. Together, they transformed Berkshire Hathaway, with Munger credited for shaping its modern business philosophy. Besides Berkshire, Munger chaired Wesco Financial Corporation and the Daily Journal Corporation, and held a director role at Costco. Munger's investment strategy emphasized the importance of a concentrated portfolio of thoroughly understood stocks, rejecting the idea of treating shares like mere baseball cards. This philosophy was evident in his management of Wesco Financial, which controlled various enterprises and held a substantial equity portfolio. A strong proponent of ethical business practices, Munger believed that businesses rooted in honesty and high ethical standards would ultimately succeed. He criticized business models reliant on deceit, particularly during the 2008 financial crisis. His philosophy extended to his personal life, where he valued modest living and avoided extravagant luxuries. Munger was also a vocal critic of cryptocurrencies and platforms like Robinhood, likening their speculative nature to gambling. His candid opinions often sparked debates in the financial community. In addition to his business acumen, Munger was a generous philanthropist. He donated millions to institutions like Stanford University and the University of Michigan, often with stipulations to follow his architectural designs. His significant gifts funded student housing, educational centers, and research facilities, reflecting his commitment to fostering intellectual environments. Despite not signing the Giving Pledge initiated by Buffett and Bill Gates, Munger's contributions to various causes were substantial. He justified his decision by citing previous significant transfers of wealth to his children. Munger's life was marked by personal challenges, including the loss of vision in one eye due to a failed cataract surgery. Nonetheless, he continued to impact the business world and philanthropy until his death on November 28, 2023, at the age of 99. Tributes poured in from prominent figures like Warren Buffett, Bill Gates, and Tim Cook, all recognizing Munger's profound influence on the business landscape and his invaluable partnership in building Berkshire Hathaway. I provide context and detailed explanations under posts. Please follow if you enjoy the insights and want to keep receiving them. Your support means everything to me!

The GOATs of Finance