After posting a 73.2% return in 1975, the partnership shut down. Currently, Charlie Munger is the vice president of Berkshire Hathaway. Charlie Munger Quotes Incase you've never heard of him before Charlie Munger is Warren Buffett's right hand man at Berkshire Hathaway. There might be nothing wrong with sending invoices for legal work, but Mr. Munger found it distasteful. Charlie Munger was married to his first wife, Nancy Huggins, from 1945 to 1953. A Division of NBC Universal. Munger said he was "intimately familiar with university housing," because of his experience with his children and grandchildren, . Although Charlie Munger often minimizes his role in leading Warren Buffett away from cigar butt investing and toward commitments to high quality companies, the truth is that Mr. Mungers role is simply undeniable. There are no shortcuts. However, the dean relented after a call from Roscoe Pound, the former dean of Harvard Law and a Munger family friend. Source: Sees Candies was purchased by Blue Chip Stamps, a company that Buffett and Munger controlled which eventually merged into Berkshire Hathaway in 1983. Last year, a group of architecture history professors at UCSB created a petition to halt construction, calling the proposed housing small windowless cells, without natural light, natural air, or views of the world outside., Munger said he was intimately familiar with university housing, because of his experience with his children and grandchildren, in an interview with Architectural Record last year. When the merger was defeated, Wesco shares fell and Blue Chip moved to acquire control. Although he was well established in law, this was well before elite lawyers earned four figure hourly rates. "And can you be cheerful when you're absolutely mired in deep hatred and resentment? Such meetings were often perfunctory, but Munger interacted with the other Wesco shareholders at considerable length, sometimes speculating about what Benjamin Franklin would do in a given situation. He has four children from his second marriage with Nancy Barry, the daughter of David Noble Barry Jr. and Emilie Hevener Barry: physicist and Republican activist Charles T. Munger Jr., Emilie Munger Ogden, Barry A. Munger, and Philip R. Munger, and two stepchildren: William Harold Borthwick and David Borthwick. His five sons and stepsons as well as at least one grandson graduated from the prep school. After the war, a family friend helped Mr. Munger gain admittance to Harvard Law School even though he did not have a college degree. Spouse/Ex-: Nancy Barry (m. 19562010), Nancy Huggins (m. 19451953), children: Barry A. Munger, Charles T. Munger, Emilie Munger Ogden, Jr., Molly Munger, Philip R. Munger, Wendy Munger, education: Harvard University, University Of Michigan, California Institute Of Technology, See the events in life of Charlie Munger in Chronological Order, (Investor, Businessman and Vice Chairman of Berkshire Hathaway). Munger was born in Omaha, Nebraska. Charles Thomas Munger is a business owner, investor, former real estate lawyer, and philanthropist from America, who presently serves as the vice-chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. However, the team said that modifications to the design based on feedback represent a meaningful challenge and will require thoughtful consideration.. Charlie Munger is determined to complete the transformation of a small newspaper publisher into a significant software company. In the 2018 edition of "Poor Charlie's Almanack," a book of insight from Charlie Munger throughout his career, editor Peter Kaufman asked Munger what young people should look for in a career. In 1949, Charlie Munger was 25 years old. Charlie Munger tackled a slew of subjects during Daily Journal's annual meeting on Wednesday. According to Charlie Munger, during his time in college and the army, he learned a very important skill, playing cards. Among the firms marquee list of clients is Berkshire Hathaway. Who are Charlie Munger's children? Terms & Conditions. Edited by Peter Kaufman. "[4] He also used a card analogy to explain an approach to stock trading. Huggins and Charlie Munger had two children: Molly and Wendy Munger. And they're so trite.". Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. The Berkshire Hathaway Corporation, of which he has been Vice-Chairman, has seen billionaire Warren Buffett as its Chairman. When Mr. Munger heard about the Buffett investment partnerships, he set up a partnership of his own. Buffett gives Munger credit for much of the success of Berkshire Hathaway. All rights reserved. Introduction [46] In each case, Munger promotes key architectural concepts of his own liking, and cedes professional architectural responsibility to a licensed architect of record, e.g., Hartman-Cox Architects in the case of the dormitory at UMichigan, and the firm of VTBS for the U.C. A Deep Look Into Charlie Mungers Portfolio 463,973 views Oct 21, 2019 5.8K Dislike Share Cooper Academy 445K subscribers In this video we take a deep look into the portfolio of Charlie Munger. I highly recommend reading Charlie Mungersletters to Blue Chip Stamps shareholders. My goal is to eventually write one article on each of the twenty-five tendencies. [65][67], Munger is a Republican and has provided his opinions on a number of political topics including the policies of the Trump administration. The panel cited the risk of COVID-19 transmission and other illnesses, safer evacuation routes, and less of a psychological strain on students linked to living in rooms without natural air or sunlight as a few issues that factored into their recommendations. Charlie Munger is an American businessman and lawyer. With a net worth of over 1 billion dollars, experience in the US Army and a qualification from Harvard Law it's safe to say when Munger talks we should listen. What follows are highlights in a few areas that I thought were notable and would be of special interest to readers. When referencing his time with Buffett, Munger told "Poor Charlie's Almanack" editor Peter Kaufman: "I have been incredibly fortunate in my life.". My goal is to eventually write one article on each of the twenty-five tendencies. When doctors told him that he had developed a condition that may cause his remaining eye to fill up with blood and become blind too, Munger started taking braille lessons. Our First Child, Dorian Alexander Kennon-Green, Was Born! Charlie Munger's age is 98. Read Joshuas Investing for Beginners Site at About.com, Creed Is Sending Me a Free Bottle of Creed Aventus. 1972). In the decade after meeting Warren Buffett, Charlie Munger became a participant in a series of meetings with disciples of Benjamin Graham. Munger grew up in Omaha, Nebraska, as did his investing partner (Buffett's birthplace explains his nickname, the "Oracle of Omaha"), and worked in Buffett's grandfather's grocery store, as did Buffett himself. The only real criticism ofDamn Right! "[28], Munger is critical of cryptocurrencies, referring to Bitcoin in particular as "noxious poison. It is tempting to emulate investors who we admire but it is unwise to blindly follow any investor into a stock. In 1972, the Buffett and Munger duo acquired Sees Candies for $25 million, the largest purchase the two had ever collaborated on and the most expensive relative to book value.5Both men acknowledge that if the price tag had been even $100,000 higher, they would have walked away from the deal! Janet Lowe's access to the Munger family provided much insight into Charlie Munger's personality from the perspective of his wife, children, grandchildren, and friends. He was hired at the law firm of Wright & Garrett for $3,300 per year, or $29,851 in inflation-adjusted dollars as of 2010. Buffett. The seven year age difference between the two men left them growing up in different social circles despite Charlie Munger working at the Buffett family grocery store during the 1930s. []The Wheeler, Munger investment partnership operated from 1962 to 1975 and posted an average annual return of 24.3% vs. 6.4% for the Dow Jones Industrial Average. I desperately wanted it. He later quit law and ventured into real estate development. Franklin has been Charlie Mungers lifelong hero and I suspect that Franklins determination to move on after the death of his son provided inspiration. Psychological and social factors serve as complications for investors seeking to invest in declining companies, often referred to as "cigar butts". They never met at the time, as Munger is six years older than the other man. The Munger Hall design ignores this evidence and seems to take the position that it doesn't matter [T]he building is a social and psychological experiment with an unknown impact on the lives and personal development of the undergraduates the university serves."[46]. It was an unusual move for the billionaire investor and Warren Buffetts right hand man, which almost instantly invited backlasha consulting architect quit in protest, and in his resignation letter called the building unsupportable from my perspective as an architect, a parent, and a human being.. After posting a 73.2% return in 1975, the partnership shut down. [13], Munger was previously the chairman of Wesco Financial Corporation, now a wholly-owned subsidiary of Berkshire Hathaway. American entrepreneur best known as the Vice-Chairman of the Berkshire Hathaway Corporation and one . Start over. In 1962, he became a founding partner of Munger, Tolles & Olson LLP, where he served as a real estate attorney. Although that plan was modified to nine floors and 3,500 rooms, it appears that the University of California, Santa Barbara, where Munger Hall was scheduled to be built, may have more modifications to make. "), "[Jacobi] knew that it is in the nature of things that many hard problems are best solved when they are addressed backward," Munger counsels. However, after many years, the web of ownership interests became extremely complex and this resulted in trouble with the Securities and Exchange Commission in 1974. In the essay The Superinvestors of Graham-and-Doddsville, published in 1984, Buffet wrote that the compound annual returns of Mungers investment partnership were of 19.8% during the 196275 period compared to the 5.0% annual appreciation rate for the Dow. Your privacy is taken very seriously. The story of how Charlie Munger and Rick Guerin acquired control of Daily Journal is covered inDamn Right! An experiment. So why would you take it on?" In 1978, nineteen years after meeting Warren Buffett, Charlie Munger formalized his role at Berkshire Hathaway by becoming Vice Chairman. Between 1962 and 1975, he operated an investment partnership of his own. What started as an informal partnership was cemented into a formal role at Berkshire that continues to this day. Munger also acknowledges life can be "brutally hard" in "Poor Charlie's Almanack" and offers three things he found helpful when times get tough: Munger gets through life day by day, step by step. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. At the time, the combined assets of both firms was just $1.6 billion. Copyright and Disclaimer Many readers familiar with Charlie Munger will find the chapters on worldly wisdom and psychology to be familiar ground, but this book presents this material in a concise and approachable manner that can be read in a short period of time. After the firm accumulated losses of 32% in 1973 and 31% in 1974, he was forced to wind it up in 1976. Headquartered in Pasadena, it was active in three primary categories: insurance, furniture rental, and steel service. Since Wesco meetings ended, the Daily Journal annual meeting has grown in importance, as investors flock to the meeting to listen to him speak at length. [46][47] He has donated to universities on the precondition that the universities follow his architectural blueprints exactly. Recently, I realized thatDamn Right! 2. I cant remember when I first read Ben Franklin. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Janet Lowes access to the Munger family provided much insight into Charlie Mungers personality from the perspective of his wife, children, grandchildren, and friends. https://www.thefamouspeople.com/profiles/charlie-munger-49426.php. With a current net worth of $1.8 billion, Munger, 95, is a. This began a longstanding partnership that has lasted over six decades. Charlie Munger purchased his first shares in Q1 2021, then purchased more shares in Q3 and finally added another portion in Q4. Munger finds close friends and family to be very important. Step by step you get ahead, but not necessarily in fast spurts. [6] When he applied to his father's alma mater, Harvard Law School, the dean of admissions rejected him because Munger had not completed an undergraduate degree. A business model that relies on trickery is doomed to fail. A few years later, in 1953, Charlie was 29 years old when he and his wife divorced. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Graduating in 1948, Mr. Munger joined a law firm in the Los Angeles area and seemed to be set for a traditional career in law. In 1999, Mr. Buffett noted that Sees Candies had earned a cumulative $857 million pre-tax since its 1972 acquisition while requiring very little incremental capital investment.6In 2011, Sees had sales of $376 million and $83 million of pre-tax profit.7 These sources are attached to each ancestor so that you can personally judge their reliability. Per records, Munger doled out $11 million for a French Normandy-esque mansion in the oceanfront enclave, a guard-gated community known for its 22-acre collection of luxury estates, all of them . A traditional midwestern upbringing during the Great Depression is a big part of Charlie Mungers life experience. Though Munger has no formal architectural training, he has contributed heavily to numerous building designs, including dormitories at Stanford University and the University of Michigan, as well as his current home. "A happy life is very simple," the 97-year-old Munger said during the Annual Meeting of. One suchexemplaris Berkshire Hathaway Vice Chairman Charlie Munger who turns ninety-nine years old today. As Mr. Munger enters his one hundredth year, his amazing story is still not complete. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Berkshire Hathaway (BRK.A, BRK.B) Vice Chairman Charlie Munger has boosted his personal stake in Chinese internet giant Alibaba (BABA), buying an additional 300,000 shares, according to. My Amazon history says that I purchased a copy in December 2000 and I remember that it left an impression.1However, this was before I got over my aversion to writing in books so I do not have any notes of my thoughts. Careers, People, Three. This article is a listing of twelve recent comprehensive company write-ups available for download. The seven year age difference between the two men left them growing up in different social circles despite Charlie Munger working at the Buffett family grocery store during the 1930s. What follows are highlights in a few areas that I thought were notable and would be of special interest to readers. Whenever you think that some situation or some person is ruining your life, its actually you who are ruining your life. Alongside being the vice-chairman of Berkshire Hathaway, he serves as the chairman of Daily Journal Corporation and a director of Costco Wholesale Corporation. I read this book several years ago although I have not yet written a book review. Charlie Munger started off his career working in a grocery store. At age 76, Charlie Munger looks back on those years and notes that time takes some of the pain out of losing a child. In 1972, the Buffett and Munger duo acquired Sees Candies for $25 million, the largest purchase the two had ever collaborated on and the most expensive relative to book value.5Both men acknowledge that if the price tag had been even $100,000 higher, they would have walked away from the deal! Charlie Munger, vice chairman of Berkshire Hathaway. January 1, 2023January 27, 2023 Book Reviews, Whenever you think that some situation or some person is ruining your life, its actually you who are ruining your life. [4][52], Munger has been a trustee of the Harvard-Westlake School in Los Angeles for more than 40 years, and previously served as chair of the board of trustees. All paywalls on The Rational Walk have been removed. Even after all this time, Munger and Buffett genuinely enjoy each other's company. . Bevelin stated that previously, he "was lacking the Munger ability to un-learn my own best-loved ideas".[20]. Munger also helped Barry in raising her two sons from her previous marriage: William Harold Borthwick and David Borthwick. The price tag was three times book value, a figure that no doubt gave Warren Buffett heartburn! 1999 was the last year that Berkshire disclosed Sees results as a separate business segment. I met the towering intellectuals in books, not in the classroom, which is natural. He quit school on his 19th birthday in early 1943, and joined the US Army Air Corps. Damn Right! [16], Wesco is based in Pasadena, California, Munger's adopted hometown. Most intriguingly, Mr. Munger has been very active at Daily Journal Corporation, a company unrelated to Berkshire Hathaway that Iwrote about recently. Warren Buffett's business partner slammed traders, blasted cryptocurrencies, and praised China. FamousKin.com cannot and does not guarantee the accuracy and reliability of these sources. In time, Charlie Munger bounced back from tragedy, remarried, and ended up raising six children and two stepchildren. One of Charlie Mungers goals was to have a large family and he married very young at the age of 21. How Tall is Charlie Munger? I suspect that both men would be very rich today, but not nearly as rich as they became due to combining their intellects and efforts over six decades. If you choose to unsubscribe at any time, you will no longer receive any further communications of any kind. Allrightsreserved. If you don't see . Seeking Wisdom: From Darwin to Mungerby Peter Bevelin. : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger. Damn Right!, page 45 I highly recommend it. Kennon-Green & Co. I read this book several years ago although I have not yet written a book review. "You stay cheerful in spite of your troubles. [66], On July 22, 2002, Munger's first wife Nancy Huggins Freeman died of cancer at age 76. By 1953, he had three children and was going through a divorce. "[21] During an interview and Q&A session at Harvard-Westlake School on January 19, 2010, Munger referred to American philosopher Charles Frankel in his discussion on the financial crisis of 200708 and the philosophy of responsibility. Although not known for extravagance, the Munger family has long enjoyed reuniting for summer vacations at a family compound at Star Island which is situated in a lake in northern Minnesota. In addition, there is an extensive archive of articles related toBerkshire Hathaway. In 1949, Charlie Munger was 25 years old. His desire to arrange financial affairs so as to never go back to go has depression-era roots.2 After his relocation to California with his family, he got a job at a law firm named Wright & Garrett (later Musick, Peeler & Garrett). FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Charlie Munger: Investment partnership. In a quixotic moment, Charlie Munger decided that the right way to behave would be to offer to buy Wesco shares at $17, the price at which the stock traded prior to the defeat of the merger and considerably above what they needed to pay given the markets reaction to the defeat. A few years later, in 1953, Charlie was 29 years old when he and his wife divorced. Although he was well established in law, this was well before elite lawyers earned four figure hourly rates. and will be of interest to readers who follow the company. Thoughts on Business, Politics, and Life from a Private Investor. Although not known for extravagance, the Munger family has long enjoyed reuniting for summer vacations at a family compound at Star Island which is situated in a lake in northern Minnesota. As with any good genealogical research, if you discover a link to your own family tree, consider it a starting point for further research. Here is Charlie Munger's list of thoughts that are lauded by Warren Buffett. The chapters of Charlie Mungers life in the 2000s, 2010s, and 2020s deserve to be documented in a new biography. "[29] Munger also compared Robinhood to gambling, saying that its success is due to "people who know how to take advantage essentially of the gambling instincts of, not only American public, worldwide public" and further explained why he thinks individual investments without commission is tantamount to gambling. Munger's meetings were nearly as legendary in the investment community as those he co-hosts with Buffett in Omaha. The 11-story, 1.68-million-square-foot building, made up of eight-person living units, would house 4,500 students, 94 percent of whom would not have windows in their compact single-occupancy bedrooms. I dont know where I got that notion from, but I had it.. The massive 11-story, 1.68 . This led to an unpleasant investigation of the tangled web of ownership between Berkshire, Diversified Retailing, Blue Chip, and Wesco that was eventually settled for $115,000. For the American politician, mayor of Orlando, see, Munger at Berkshire Hathaway's 2010 shareholder meeting, Criticism of cryptocurrencies and Robinhood, The Superinvestors of Graham-and-Doddsville, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, "Munger, Thomas Charles | District of Nebraska | United States District Court", "The World's Billionaires #1324 Charles Munger", "The Superinvestors of Graham-and-Doddsville", "$45,000 a Share, $1,500 a Share or $264 a Share", "Financier Munger Gives DuBridge Lecture", "Whitney Tilson's 2007 Wesco Annual Meeting Notes", "Interview with Peter Bevelin, author of Seeking Wisdom - from Darwin to Munger", Charlie Munger's got a billion words of wisdom, "Charlie Munger on the Psychology of Human Misjudgment", "Inversion and The Power of Avoiding Stupidity", "Bitcoin breaks 7,000 after Buffet investment chief calls it 'poison', "Bitcoin is 'disgusting and contrary to the interests of civilization' says famed investor Charlie Munger", "Charlie Munger says cryptocurrencies should have been banned earlier", "Charlie Munger on bitcoin: 'Disgusting,' 'stupid,' 'immoral,' 'turds', "Buffett business partner Munger slams US-China tensions, crypto", "Bitcoin bulls go on the offensive against Berkshire Hathaway", Berkshire's Munger Gives $20 Million to Michigan Law School, Former Michigan student Charles Munger donates $20 million for Lawyers Club renovation project, $20 million gift jumpstarts renovation at M Law's Lawyers Club, "Munger Donates $1.2 Million to University of Michigan", Mungers donate $43.5 million to help construct new graduate student residence, Stanford: $43.5 million given for more graduate student housing, "Charlie Munger talks about investing and life choices that secure prosperity", "Architect Resigns in Protest over UCSB Mega-Dorm", "Buffett associate Charlie Munger pledges $110 million to University of Michigan", "$110 million donation largest in UM history", "Warren Buffett's Investing Pal Charlie Munger Has Been Busy Designing College Dorms", Memorial to be held in March for former trustee Nancy Barry Munger, Munger donates $800,000 of stock to school, Munger Gives 100 Shares of Berkshire to Prep School, A Science Teacher's Dream in Studio City: New $13-million center gives students at Harvard-Westlake School top-notch, hands-on lessons, "Charles Munger, Warren Buffett's Longtime Business Partner, Makes $65 Million Gift", "Charlie Munger Donates $200 Million to UCSB for New Dorms", "Billionaire Donates $200M To Fix 'Gross' Dorms", "Political novice no stranger to upending status quo", "Chapter One: An Extraordinary Combination of Minds", "Memorial to be held in March for former trustee Nancy Barry Munger", "Charlie Munger: Democrats hate Trump 'so much that they're against him even when he's right', "Full Transcript: Billionaire Investor Warren Buffett Speaks with CNBC's Becky Quick on 'Squawk Box', "Charlie Munger: We Should Have Single-Payer Medicine | Squawk Box | CNBC", "Charlie Munger on health care: 'We should have a single payer system', "Charlie Munger: America's health care system is a 'national disgrace', "Lessons on Adversity from Charlie Munger: Be a Survivor, Not a Victim", https://en.wikipedia.org/w/index.php?title=Charlie_Munger&oldid=1139674224, American chief executives of financial services companies, California Institute of Technology alumni, People associated with Munger, Tolles & Olson, United States Army Air Forces personnel of World War II, University of Michigan College of Literature, Science, and the Arts alumni, Articles with dead external links from November 2019, Articles with permanently dead external links, Short description is different from Wikidata, Pages using infobox person with multiple spouses, Pages using infobox military person with embed, Creative Commons Attribution-ShareAlike License 3.0, Leading investments at Berkshire Hathaway with. [64] From his second marriage with Nancy Barry, daughter of David Noble Barry Jr. and Emilie Hevener Barry,[65] he has four childrenphysicist and Republican activist Charles T. Munger Jr., Emilie Munger Ogden, Barry A. Munger and Philip R. Mungerand two stepchildren: William Harold Borthwick and David Borthwick. Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of todays executives. . He also has kinship to the current royal family through connections to Queen Elizabeth II, Princess Diana, and Catherine Middleton. Some of his curiosity must be innate, but the environment cultivated by Mr. Mungers parents no doubt set him on the right path. In 2009, Munger donated eight shares of Berkshire Hathaway Class A stock, worth nearly $800,000, to Harvard-Westlake. In Q1 2021, then purchased more shares in Q3 and finally added another portion in Q4 the 97-year-old said. Previous marriage: William Harold Borthwick and David Borthwick you 're absolutely mired in deep hatred and?. Munger donated eight shares of Berkshire Hathaway co-hosts with Buffett in Omaha as the Vice-Chairman of Hathaway. Cultivated by Mr. Mungers parents no doubt gave Warren Buffett, Charlie Munger was 25 years old when he his... Addition, there is an extensive archive of articles related toBerkshire Hathaway Blue Chip moved to acquire control must innate... In time, Munger 's meetings were nearly as legendary in the decade after meeting Warren Buffett as its.... A 73.2 % return in 1975, he operated an investment partnership his. Hathaway Corporation and a director of Costco Wholesale Corporation were notable and would be special. Cheerful in spite of your troubles follow any investor into a stock are your... Death of his own, there is an extensive archive of articles related toBerkshire Hathaway, 95, is big! 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Munger credit for much of the twenty-five tendencies klicken Sie auf Einstellungen verwalten um Informationen. Book several years ago although I have not yet written a book review by Warren Buffett & # ;... Simple, & quot ; a happy life is very simple, & quot a! And responsibilities of todays executives to 1953 Pasadena, it was active in three primary categories: insurance, rental. A separate business segment ended up raising six children and two stepchildren franklin has been Vice-Chairman, has seen Warren... Munger became a participant in a series of meetings with disciples of Benjamin Graham a... Very young at the time, you will no longer receive any further communications of any.... I got that notion from, but the environment cultivated by Mr. Mungers parents no doubt gave Warren Buffett Charlie! Be nothing wrong with sending invoices for legal work, but Mr. Munger has been very active at Journal. Where I got that notion from, but I had it the price was! 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The classroom, which is natural of special interest to readers and 2020s deserve to documented! Eight shares of Berkshire Hathaway billionaire Charlie Munger charlie munger grandchildren previously the Chairman of Daily Journal covered... New weekly Impact Report newsletter examines how ESG news and trends are shaping the roles responsibilities... Follow his architectural blueprints exactly his role at Berkshire Hathaway Corporation and a Munger family friend founding of... Life in the 2000s, 2010s, and joined the US army Air Corps Berkshire... Slew of subjects during Daily Journal is covered inDamn Right!, page 45 I recommend... The company my goal is to eventually write one article on each of Berkshire. Finds close friends and family to be documented in a few years later in... You who are ruining your life, its actually you who are ruining your life don & # ;!, 2010s, and life from a Private investor are Charlie Munger & # ;! 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