Special Report: Berkshire Hathaway's Charles Munger Dies at 99
Nov 28, 2023
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Charles Munger, the alter ego and partner of Warren Buffett, has passed away at the age of 99. The podcast explores Munger's life, legacy, and investment strategies. It highlights his strong bond with Buffett and their unique ability to anticipate each other's thoughts. The discussion includes potential successors for Berkshire Hathaway and Munger's diverse interests. They also delve into Munger's impact on the company and his views on the stock market.
Charlie Munger's expertise in investing and asset allocation helped transform Berkshire Hathaway into a prosperous empire.
Munger's philosophy encouraged focusing on long-term gains rather than short-term profits, favoring steady growth potential over volatile investments.
Deep dives
AI and Business Transformation
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Charlie Munger's Legacy
Charlie Munger was a key figure in Berkshire Hathaway's success alongside Warren Buffett. Munger's expertise in investing and asset allocation helped transform Berkshire Hathaway into a prosperous empire. He emphasized long-term investment approaches and established a clear succession plan. Munger's directness and disregard for popularity endeared him to investors. His wisdom and common sense approach continue to influence investment strategies.
Lessons from Munger for Portfolio Management
Charlie Munger emphasized holding winning investments for extended periods, leveraging the power of compounding. He believed in investing in companies with high returns on equity, strong free cash flow, and a tendency to buy back their own stocks over time. Munger's philosophy encouraged focusing on long-term gains rather than short-term profits. Holding onto less spectacular companies that offer steady growth potential was favored over constantly seeking out high-growth but volatile investments.
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. For more on Munger's life and legacy, Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News reporter Noah Buhayar, and long-time Berkshire investor, Bill Smead of Smead Capital Management.