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Charles T. Munger, the Los Angeles-based investor, business leader, philanthropist, and vice-chairman of Berkshire Hathaway, has died at the age of 99.
For several decades, Munger served as the right-hand man and confidant of fellow billionaire investor Warren Buffett. Together, they built one of the world’s most successful and admired investment management firms.
Munger was famous for his clever wit, financial acumen, and success as an investor. His career began in the early 1960s and he quickly gained renown for his savvy stock picks. He also gained a reputation for his unwavering commitment to honesty, integrity, and value investing.
Munger was associated with a number of companies during his long career, including See’s Candies, the Wesco Financial Corporation, the Daily Journal, and Berkshire Hathaway. Munger remained active in the investment world well into his 90s, working alongside Buffett to manage Berkshire’s vast holdings.
Over the course of Munger’s career, his philosophies and principles had a profound impact on the way investors think, leading to the adoption of value-based investment strategies by investors around the world. Even after his death, Munger’s work will continue to shape and inform the world of investing for generations to come.