Berkshire legend Charlie Munger dies at 99: A legacy of investment excellence

Charles Munger, Warren Buffett's esteemed partner in transforming Berkshire Hathaway, has passed away at 99. Munger, a lawyer by training, played a pivotal role in shaping the company's investment philosophy, resulting in a remarkable average annual gain of 20% from 1965 to 2022. Known for his acerbic wit and criticism of corporate excesses, Munger's partnership with Buffett yielded decades of compounded returns and made them iconic figures in investing. His legacy includes contributions to philanthropy, outspoken views on corporate behaviour, and a lasting impact on Berkshire's success.

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Legendary Mentor and Berkshire Architect, Charlie Munger, Passes Away at 99: A Legacy that Shaped Buffett's Empire

By Noah Buhayar

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.

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