Charles T. Munger, the investing genius and Warren Buffett’s right-hand man, who shaped the investing world, passed away at the age of 99.
Munger had a long and successful career as an investor, lawyer, and businessman. He served as vice chairman of Berkshire Hathaway, Buffett’s holding company, for nearly 34 years, making him the second-longest-serving executive at the firm after Buffett himself.
Munger was widely respected as a brilliant investor, and even Buffett referred to him as an “investment idol”. He was known for his frugality and for his focus on doing what was right rather than what was popular.
He was also known for his eclectic approach to investing, often taking a “multi-disciplinary” approach to decision making that incorporated psychology, economics, sociology, and other fields.
Munger’s investment principles remain popular today. He taught investors to focus on companies with strong, sustainable businesses, to think long-term, and to avoid overpaying for stocks.
Munger, who was born in Omaha, Nebraska, in 1924, is survived by his four children, as well as numerous grandchildren and great-grandchildren. His legacy as an investor and mentor will live on for generations.
