Charlie Munger, instrumental in building Berkshire Hathaway alongside Warren Buffett, has passed away at the age of 99 in a California hospital, just over a month before his 100th birthday.
Berkshire Hathaway credits Munger’s wisdom and inspiration for its success.
Munger, who served as Buffett’s trusted advisor for over five decades, contributed significantly to the conglomerate’s transformation.
Despite preferring a low profile, Munger’s influence extended to reshaping Berkshire with strategic acquisitions, including Geico and BNSF railroad.
His profound insights into valuing businesses and human nature left a lasting impact on Buffett.
Munger’s wealth, exceeding $2 billion at its peak, saw him become one of the richest Americans. He shared his fortune generously with various educational and charitable institutions.
Munger’s legacy includes serving on the boards of organizations like Good Samaritan Hospital, Harvard-Westlake School, and Costco Wholesale Corp.
