# Charlie Munger

> American businessman (1924–2023)

**Wikidata**: [Q918630](https://www.wikidata.org/wiki/Q918630)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Charlie_Munger)  
**Source**: https://4ort.xyz/entity/charlie-munger

## Summary
Charlie Munger is an American businessman (1924–2023) who co-founded Berkshire Hathaway and served as its chairman. He was a renowned investor, investor, and lawyer known for his long-term value investing philosophy and partnership with Warren Buffett.

## Biography
- Born: January 1, 1924
- Nationality: United States
- Education: University of Michigan College of Literature, Science, and the Arts; Harvard Law School; California Institute of Technology
- Known for: Co-founding Berkshire Hathaway and pioneering value investing principles
- Employer(s): Berkshire Hathaway, Wesco Financial
- Field(s): Finance, investment, law

## Contributions
- Co-founded Berkshire Hathaway in 1955, which became one of the most successful investment firms in history
- Developed the "Berkshire Hathaway Way" management philosophy, emphasizing long-term value creation and shareholder returns
- Served as chairman of Berkshire Hathaway from 1965 until his death in 2023
- Partnered with Warren Buffett to build Berkshire Hathaway into a diversified conglomerate holding company
- Acquired numerous successful businesses, including See's Candies, Dairy Queen, and Geico, which significantly contributed to Berkshire's growth
- Advocated for value investing principles, focusing on intrinsic value, margin of safety, and long-term thinking
- Published his investment philosophy in books and speeches, influencing generations of investors

## FAQs
**What was Charlie Munger's primary occupation?**
Charlie Munger was a businessman, investor, and lawyer who co-founded and led Berkshire Hathaway, a multinational conglomerate holding company.

**Where did Charlie Munger receive his education?**
Charlie Munger attended the University of Michigan College of Literature, Science, and the Arts, Harvard Law School, and the California Institute of Technology.

**What is Charlie Munger most known for?**
Charlie Munger is most known for co-founding Berkshire Hathaway and developing the "Berkshire Hathaway Way" management philosophy, which emphasizes long-term value creation and shareholder returns.

**What businesses did Charlie Munger acquire for Berkshire Hathaway?**
Charlie Munger acquired businesses such as See's Candies, Dairy Queen, and Geico, which significantly contributed to Berkshire Hathaway's growth and success.

**What was Charlie Munger's investment philosophy?**
Charlie Munger's investment philosophy focused on intrinsic value, margin of safety, and long-term thinking, which he advocated for through his partnership with Warren Buffett.

**How did Charlie Munger influence the investment industry?**
Charlie Munger influenced the investment industry by publishing his investment philosophy in books and speeches, which inspired generations of investors to adopt value investing principles.

## Why They Matter
Charlie Munger's contributions to the investment industry were profound and lasting. His partnership with Warren Buffett and the development of the "Berkshire Hathaway Way" management philosophy revolutionized value investing and corporate governance. Berkshire Hathaway, under his leadership, became one of the most successful and respected investment firms in history, acquiring and growing numerous successful businesses. Munger's emphasis on long-term thinking, intrinsic value, and shareholder returns influenced generations of investors and shaped the modern investment landscape. His legacy continues to inspire investors and business leaders worldwide, demonstrating the power of disciplined, value-oriented investing.

## Notable For
- Co-founder of Berkshire Hathaway, one of the most successful investment firms in history
- Developer of the "Berkshire Hathaway Way" management philosophy, which emphasizes long-term value creation and shareholder returns
- Chairman of Berkshire Hathaway from 1965 until his death in 2023
- Partner with Warren Buffett in building Berkshire Hathaway into a diversified conglomerate holding company
- Acquisition of successful businesses such as See's Candies, Dairy Queen, and Geico, which significantly contributed to Berkshire's growth
- Advocate for value investing principles, including intrinsic value, margin of safety, and long-term thinking
- Author of influential books and speeches on investment philosophy, which have inspired generations of investors

## Body
### Early Life and Education
- Born on January 1, 1924, in Omaha, Nebraska
- Attended the University of Michigan College of Literature, Science, and the Arts, where he studied economics and mathematics
- Earned a law degree from Harvard Law School
- Studied at the California Institute of Technology, where he developed his interest in science and engineering

### Career and Business Ventures
- Co-founded Berkshire Hathaway in 1955 with Warren Buffett, initially as a textile manufacturing company
- Served as chairman of Berkshire Hathaway from 1965 until his death in 2023
- Partnered with Warren Buffett to transform Berkshire Hathaway into a diversified conglomerate holding company
- Acquired numerous successful businesses, including See's Candies, Dairy Queen, and Geico, which significantly contributed to Berkshire's growth and success
- Developed the "Berkshire Hathaway Way" management philosophy, emphasizing long-term value creation, shareholder returns, and disciplined decision-making

### Investment Philosophy and Principles
- Advocated for value investing principles, focusing on intrinsic value, margin of safety, and long-term thinking
- Emphasized the importance of reading and learning from successful businesses and industries
- Believed in the power of compounding and the benefits of long-term investment horizons
- Advocated for a frugal and disciplined approach to business and investing, avoiding unnecessary expenses and focusing on core competencies

### Legacy and Influence
- Influenced generations of investors and business leaders with his investment philosophy and management principles
- His legacy continues to inspire investors and business leaders worldwide, demonstrating the power of disciplined, value-oriented investing
- Berkshire Hathaway, under his leadership, became one of the most successful and respected investment firms in history, with a market capitalization of over $1 trillion
- His contributions to the investment industry and corporate governance have had a lasting impact on the modern investment landscape

### Personal Life and Death
- Married to Alice Munger, with whom he had three children
- Passed away on November 28, 2023, at the age of 99
- His death marked the end of an era in the investment industry, as he was one of the last surviving partners of Warren Buffett and a key figure in the development of value investing principles

## References

1. Integrated Authority File
2. [Charles T. Munger, Much More Than Warren Buffett's No. 2, Dies at 99. The New York Times](https://www.nytimes.com/2023/11/28/business/charles-t-munger-dead.html)
3. Czech National Authority Database
4. Geni.com
5. [proxy statement](https://www.sec.gov/Archives/edgar/data/909832/000090983223000058/cost-20231206.htm#iba507df128d54db1885ff2c90438fb87_10)
6. [proxy statement](https://www.sec.gov/Archives/edgar/data/1067983/000119312523073948/d362436ddef14a.htm)
7. [Form 8-K](https://www.sec.gov/Archives/edgar/data/1067983/000119312523286867/d551397dex991.htm)
8. [Source](https://www.berkshirehathaway.com/letters/2023ltr.pdf)
9. International Standard Name Identifier
10. MusicBrainz
11. [Charlie Munger, investing genius and Warren Buffett’s right-hand man, dies at age 99. CNBC](https://www.cnbc.com/2023/11/28/charlie-munger-investing-sage-and-warren-buffetts-confidant-dies.html)
12. Freebase Data Dumps. 2013
13. Virtual International Authority File
14. Goodreads
15. Quora