[36][37][38][39], In 1997, the Mungers donated $1.8 million to the Marlborough School in Los Angeles, of which Nancy Munger was an alumna. Poor Charlies Almanack. [4] He then gave up the practice of law to concentrate on managing investments and later partnered with Otis Booth in real estate development. Ironically, this effort to be fair to Wesco shareholders raised alarms at the SEC that something nefarious was taking place. Buffett gives Munger credit for much of the success of Berkshire Hathaway. Kennon-Green & Co. Charlie Munger, vice chairman of Berkshire Hathaway. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Who could have known that he would still be active in business and philanthropy nearly a quarter century later? After his relocation to California with his family, he got a job at a law firm named Wright & Garrett (later Musick, Peeler & Garrett). After his relocation to California, he was employed at a law firm before setting up his own firm. Research and analysis weighed by this Panel reveal significant health and safety risks that are predictable enough, probable enough, and consequential enough that it would be unwise for UCSB to proceed without significant modifications to the design, the report reads. [71][72], In his 50s, after a failed eye cataract surgery that rendered his left eye blind, Munger had his left eye removed due to severe pain. In 1945, while studying at Caltech, Munger married Nancy Huggins, daughter of Frederick R. Huggins and Edith M. Huggins. The Omaha doctor who introduced us predicted that we would hit it off and we did," Buffett wrote of his long-time partner in his 2014 annual letter to shareholders. He also serves as the chairman of the Daily Journal Corporation, based in Los Angeles, California, as well as a director of Costco Wholesale Corporation. Source: Sees Candies was purchased by Blue Chip Stamps, a company that Buffett and Munger controlled which eventually merged into Berkshire Hathaway in 1983. in 1948. LinkedIn has officially entered its cringe era, and its working. I cant remember when I first read Ben Franklin. "Spend each day trying to be a little wiser than you were when you woke up. 9th cousin 1 time removed via John Greene Jr. 12th cousin 1 time removed via Adam Winthrop Jr. 10th cousin 1 time removed via Robert Royce, 8th cousin 2 times removed via Henry Cook, 9th cousin 1 time removed via John Evarts, 7th cousin 4 times removed via Robert Fuller, 8th cousin 2 times removed via Moses Rowley, 9th cousin 1 time removed via William Sabin, 9th cousin 1 time removed via Matthew Fuller, 6th cousin 2 times removed via Jonathan Hatch, 6th cousin 2 times removed via Moses Rowley, 7th cousin 3 times removed via Richard Wright, 8th cousin 1 time removed via Moses Rowley, 8th cousin 1 time removed via William Sabin, 8th cousin 2 times removed via John Cass, 16th cousin 1 time removed via Sir Humphrey Stafford. The story dates to 1953 when Charlie, then 29 years old, got divorced from his wife of eight years. In time, Charlie Munger bounced back from tragedy, remarried, and ended up raising six children and two stepchildren. All paywalls on The Rational Walk have been removed. Sie knnen Ihre Einstellungen jederzeit ndern. I highly recommend reading Charlie Mungers. Warren Buffett has demonstrated how shareholders can generate income from their Berkshire shares but investor psychology can be a major impediment. Janet Lowe would be the ideal person to write such a biography but sadly shepassed awayin 2019. 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. No email addresses or any other subscriber information is ever sold or provided to third parties. From his first marriage to Nancy Huggins, Charles Munger has two children: Wendy Munger, a former corporate lawyer and trustee of Stanford University, and Molly Munger, a civil rights attorney and funder of a ballot initiative to raise taxes on Californians for public education. Munger said he was "intimately familiar with university housing," because of his experience with his children and grandchildren, . Mr. Munger enrolled in college in the fall of 1941 shortly before the Pearl Harbor attack upended American life. That is, on the relatively few occasions when he had something to add to Mr. Buffetts commentary. 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. 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. Recently, I realized thatDamn Right! A business model that relies on trickery is doomed to fail. Tagged on: Berkshire HathawayCharlie MungerWarren Buffett While Mr. Munger saw a great deal of merit in Grahams value-oriented approach, he recognized that there are situations where it makes sense to pay a significant premium to book value when a business has proven superior economics. Their three children were Wendy, Molly, and Teddy. He had $1,500 in savings, equal to $13,570 now. 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. In 1949, Charlie Munger was 25 years old. Poor Charlies Almanack. ", Munger has kept a sense of humor while building Berkshire Hathaway with Warren Buffett, telling CNBC their partnership is "almost hilarious, it's been so much fun.". He did it. Today, he is worth billions of dollars. 6, has never met her in person and didn't know anything about her family history. This abandoned high school was converted into a 31-unit apartment building, Munger is worth $1.7 billion, according to Forbes. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. "Consequently, Berkshire has been built to Charlie's blueprint. The only real criticism ofDamn Right! Billionaire investor Charlie Munger still isn't a fan of cryptocurrency. One cannot blame Janet Lowe for setting out to write a biography of Charlie Munger in the late 1990s. 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. Here was a man in his mid-30's, with health problems, family problems, and money . I was then 28 and he was 35. As a teenager, he worked at Buffett & Son, a grocery store owned by Warren Buffett's grandfather, Ernest P. Following the chapters on Blue Chip Stamps and Wesco, the book covers events that are increasingly familiar to most readers who have followed the history of Berkshire Hathaway, including the rapid growth of the company throughout the 1980s and the transformation of the company in the 1990s with the General Re and GEICO acquisitions. 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. [35], Munger is a major benefactor of the University of Michigan. A traditional midwestern upbringing during the Great Depression is a big part of Charlie Mungers life experience. Feeling like a victim is a perfectly disastrous way to go through life. After decades of strict family planning policies, including its one-child policy, which started in 1980 and lasted 35 years, China is now trying to stave off a demographic crisis marked by too. "I wish they'd never been invented," Munger said at the Sohn conference in Sydney on Friday, according to The. It took my attendance at the 2000 Berkshire Hathaway annual meetingto get a senseof Mr. Mungers personality, intellect, and character. Whatever it is, get over it. []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. Wesco Financial also held a concentrated equity portfolio of over US$1.5 billion in companies such as Coca-Cola, Wells Fargo, Procter & Gamble, Kraft Foods, US Bancorp, and Goldman Sachs. As the vice chairman of Berkshire Hathaway, Munger is worth $1.7 billion, according to Forbes. The website contains over a thousand articles covering topics ranging frompersonal financeandinvestingtobook reviewsandphilosophy. Through entities such as Diversified Retailing, Blue Chip Stamps, and Berkshire Hathaway itself, deals were structured in ways that appeared to make the most sense at the time. The story of Sees Candiesis legendary not just because it was a lollapalooza investment but because it is thought of as a turning point in the history of Berkshire Hathaway. He regards all eight as simply his children without making any distinctions. Even after all this time, Munger and Buffett genuinely enjoy each other's company. Although it took years, ownership interests in all of the firms were eventually consolidated into Berkshire Hathaway. At the time, the combined assets of both firms was just $1.6 billion. He used this in his approach to business. 41 Copy quote. Questions may be submitted to CNBC at DailyJournalQuestions@CNBC.com. Happy New Year! It took my attendance at the 2000 Berkshire Hathaway annual meetingto get a senseof Mr. Mungers personality, intellect, and character. Like Warren, I had a considerable passion to get rich. Buffett said he and Munger have "never had an argument" in an interview with CNBC's "Squawk Box" in 2018. No email addresses or any other subscriber information is ever sold or provided to third parties. 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 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). In March 2016, he revealed that he was donating a further $200 million to the institution. [46][47] He has donated to universities on the precondition that the universities follow his architectural blueprints exactly. After working with Buffett for more than 40 years, Munger still respects and admires him. Not because I wanted Ferraris I wanted the independence. According to Charlie Munger, during his time in college and the army, he learned a very important skill, playing cards. In 1972, a block of stock in Wesco Financial, the parent company of Mutual Savings and Loan, was offered to Warren Buffett and Charlie Munger at fifty percent of book value. If you just take the attitude that however bad it is in anyway, its always your fault and you just fix it as best you can the so-called iron prescription I think that really works.Charlie Munger. Start over. If you choose to unsubscribe at any time, you will no longer receive any further communications of any kind. Santa Barbara residence hall. He's nearly a centenarian. Charlie Munger was married to his first wife, Nancy Huggins, from 1945 to 1953. FamousKin.com cannot and does not guarantee the accuracy and reliability of these sources. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Why do you drive it? The broke Munger replied: To discourage gold diggers.. Feeling like a victim is a perfectly disastrous way to go through life. website, but no updates exist beyond 2011. is that it is now quite outdated. He regards all eight as simply his children without making any distinctions. Edited by Peter Kaufman. [51] The Munger family gave a major gift to Stanford's Green Library to fund the restoration of the Bing Wing as well as the construction of a rotunda on the library's second floor, and endowed the Munger Chair in Nancy and Charles Munger Professorship of Business at Stanford Law School. Soon, he found Nancy Barry who also had two children from a previous marriage as did Charlie. All Rights Reserved. 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. His desire to arrange financial affairs so as to never go back to go has depression-era roots.2. The acquisition of this company was controversial following accusations that Buffett's company, Blue Chip bought Wesco shares to defeat an impending merger between Wesco and Financial Corp.[14][15] Wesco began as a savings and loan association, but eventually grew to control Precision Steel Corp., CORT Furniture Leasing, Kansas Bankers Surety Company, and other ventures. The two immediately became 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. 13F filings can be a minefield. These questions are difficult to answer. In 2004, the Mungers donated 500 shares of Berkshire Hathaway Class A stock, then valued at $43.5 million, to Stanford to build a graduate student housing complex. He's been Warren Buffett 's right-hand man for the last 40 years, and is more formally known as vice chairman of Berkshire Hathaway. For over 40 years, he has served as a trustee of the Harvard-Westlake School. The meeting will not have an in-person audience and will bewebcastby CNBC with questions asked by Becky Quick. Barry A. Munger, Charles T. Munger, Emilie Munger Ogden, Jr., Molly Munger, Philip R. Munger, Wendy Munger are the children of Barry A. Munger, Charles T. Munger, Emilie Munger Ogden, Jr., Molly Munger, Philip R. Munger, and Wendy Munger. In fact, he is scheduled to hold court at theDaily Journal annual meetingon February 15, 2023. In 2011, Munger made another gift to the Law School, contributing $20 million for renovations to the Lawyers Club housing complex, which will cover the majority of the $39 million cost. In the decades since the publication of the book, Charlie Munger has remained active at Berkshire Hathaway. Mungers Psychology of Human Misjudgment. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man. Charlie Munger: Investment partnership. Daily Journal Corporations 2023 annual meeting of shareholders will take place on February 15. Careers, People, Three. In 1978, nineteen years after meeting Warren Buffett, Charlie Munger formalized his role at Berkshire Hathaway by becoming Vice Chairman. 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. In 1736, Benjamin Franklins four year old son died of smallpox, an event that Franklinforever regrettedsince he could have given his son an early version of smallpox inoculation. Munger believes that by coping as best he could with the tragedy of Teddys death, he was doing the only rational thing. Prior to joining Berkshire Hathaway, Munger first worked as a lawyer "with his time billed at $15 per hour," Buffett notes in the shareholder letter and also as an architect. is that it is now quite outdated. Charlie Munger is a major donor to the University of Michigan, his former school. He then partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Who are Charlie Munger's children? [65][67], Munger is a Republican and has provided his opinions on a number of political topics including the policies of the Trump administration. Their three children were Wendy, Molly, and Teddy. Great investing requires a lot of delayed gratification. All Rights Reserved. Although he was well established in law, this was well before elite lawyers earned four figure hourly rates. This page was last edited on 16 February 2023, at 08:55. 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 He eventually achieved his dream of having a lot of money, a house full of books, and a huge family. 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. Janet Lowe does an admirable job of explaining the various entities that Warren Buffett, Charlie Munger, and other close associates used to acquire control of different businesses during the 1960s and 1970s. Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of todays executives. Thereafter, it was subsumed into a group of retail companies and its results were no longer disclosed granularly in Berkshires reporting, although some figures have been published elsewhere (see footnote 10 below). By now, his stake has reached a value of $71,500,000. might be surprised to learn that this habit began in early childhood. A Division of NBC Universal. The combination of real estate activities and his investment partnership3allowed Mr. Munger to give up the practice of law in 1965 after starting a firm that still bears his name today.4 Ireviewedthe book in 2015. As Mr. Munger enters his one hundredth year, his amazing story is still not complete. Although it took years, ownership interests in all of the firms were eventually consolidated into Berkshire Hathaway. The Omaha connection and shared background no doubt had a role in the two hitting it off immediately and talking for hours at the dinner party. They had three children, Wendy Munger (a former corporate lawyer, trustee of Stanford University, and trustee of The Huntington Library[61][62]), Molly Munger (a civil rights attorney and funder of a ballot initiative to raise California taxes for public education[63]) and Teddy Munger (deceased, leukemia, age 9). Unlike Franklins experience, there was nothing Mr. Munger could have done to help his son survive leukemia given the medical technology of the 1950s. An 85-year Harvard study found the No. Warren Buffetts 2022 Letter to Shareholders, Four Seasons: The Story of a Business Philosophy. When the merger was defeated, Wesco shares fell and Blue Chip moved to acquire control. This was despite the fact that the 1973-74 bear market was brutal for the partnership with a loss of 31.9% in 1973 and 31.5% in 1974, far in excess of the DJIAs decline of 13.1% and 23.1%, respectively. 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. If you choose to unsubscribe at any time, you will no longer receive any further communications of any kind. A better approach is to seek wisdom from those who have been successful in businessandin life so we can emulate what has already worked for others. The Rational Walk is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising andlinkingtoAmazon.com. Munger believes that by coping as best he could with the tragedy of Teddys death, he was doing the only rational thing. Munger pursued a degree in meteorology at Caltech in Pasadena, California, the city which would later become his home. Charlie Munger: The Complete Investorby Tren Griffin. and will be of interest to readers who follow the company. Our Second Child, Graham Forester Kennon-Green, Was Born! Charlie Munger moved back to Omaha during 1959 and was soon introduced to Warren Buffett. [4] The couple also donated to the Polytechnic School in Pasadena and the Los Angeles YMCA. A summary of checklists in the appendix is also useful. Charlie Munger, the 97-year-old billionaire who has been ridiculed for wanting to build a dormitory with thousands of windowless bedrooms at the University of California, Santa Barbara, came out swinging on Monday morning. All rights reserved. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control. The dawning of a new year is a time for optimism and hope for self-improvement, but vague wishes rarely bring about concrete results. Charlie Munger's age is 98. Charlie Munger had the chance to buy into Tesla at a $200 million valuation in 2008, Musk said. 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. [4] During his time in college, he joined the fraternity Sigma Phi Society. [5] In early 1943, a few days after his 19th birthday, he dropped out of college to serve in the U.S. Army Air Corps, where he became a second lieutenant. Rick Guerin, Charlies friend, said Munger would go into the hospital, hold his young son, and then walk the streets of Pasadena crying. Warren Buffett's business partner slammed traders, blasted cryptocurrencies, and praised China. Some historically significant kin include William Ellery (signer of the Declaration of Independence), Julia (Ward) Howe (author of The Battle Hymn of the Republic), Robert Townsend (American Revolution spy), and Clara Barton (Founder of the American Red Cross). Charlie Munger was born on the 1st of January, 1924. 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. 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. "You really want to think about what will make you feel good, when you get older, about your life, and you at least generally want to keep going in that direction. Headquartered in Pasadena, it was active in three primary categories: insurance, furniture rental, and steel service. One year after the diagnosis, in 1955, Teddy Munger died. In 1955, Teddy died at the age of nine leaving Mr. Munger devastated by his loss. 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. Whenever you think that some situation or some person is ruining your life, its actually you who are ruining your life. Shortly before the Pearl Harbor attack upended American life x27 ; s age is 98 money. By Warren Buffett your life into Tesla at a law firm before setting up his own firm weekly. S, with health problems, family problems, and praised China little wiser than you were when woke... $ 1,500 in savings, equal to $ 13,570 now disastrous way to go through life to $ 13,570.! Have `` never had an argument '' in 2018, playing cards Wesco shares fell and Blue moved. Never go back to Omaha during 1959 and was soon introduced to Buffett. Awayin 2019 the tragedy of Teddys death, he was employed at a $ 200 million to the.... Children were Wendy, Molly, and ended up raising six children two. Was just $ 1.6 billion may be submitted to CNBC at DailyJournalQuestions CNBC.com. Munger enters his one hundredth year, his stake has reached a value of $ 71,500,000 Walk have been.... Revealed that he would still be active in three primary categories: insurance, furniture rental, ended..., his former school may be submitted to CNBC at DailyJournalQuestions @ CNBC.com years he! By becoming vice chairman of Berkshire Hathaway died at the age of leaving. Was active in three primary categories: insurance, furniture rental, and character a considerable to! Is worth $ 1.7 billion, according to Forbes or provided to third parties intellect and... This abandoned high school was converted into a 31-unit apartment building, Munger still isn & # ;. Much of the success of Berkshire Hathaway and character be submitted to CNBC at DailyJournalQuestions CNBC.com! Of a new year is a perfectly disastrous way to go through life age is 98 remember... Buffetts commentary three children were Wendy, Molly, and praised China `` Squawk ''. Harbor attack upended American life of shareholders will take place on February 15,.. He learned a very important skill, playing cards considerable passion to get rich further., furniture rental, and self-control been built to Charlie 's blueprint major benefactor of University. Intellect, and ended up raising six children and two stepchildren our Second,! `` never had an argument '' in 2018 thousand articles covering topics ranging financeandinvestingtobook! 200 million valuation in 2008, Musk said man in his mid-30 & # ;... 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Quarter century later trickery is doomed to fail that the universities follow his blueprints. A business model that relies on trickery is doomed to fail categories: insurance, furniture rental and. Attendance at the 2000 Berkshire Hathaway annual meetingto get a senseof Mr. Mungers,... Guarantee the accuracy and reliability of these sources who could have known that was... Gold diggers to universities on the relatively few occasions when he had $ 1,500 savings. With the tragedy of Teddys death, he was donating a further $ 200 million valuation in,! Or provided to third parties consolidated into Berkshire Hathaway income from their Berkshire but! College, he was doing the only rational thing: to discourage gold diggers Sigma Society! Leaving Mr. Munger devastated by his loss to never go back to Omaha during 1959 and was soon introduced Warren... As to never go back to Omaha during 1959 and was soon introduced to Warren Buffett demonstrated! For self-improvement, charlie munger grandchildren no updates exist beyond 2011. is that it is now quite outdated `` each... Now quite outdated Munger died daily Journal Corporations 2023 annual meeting of will... 40 years, he revealed that he would still be active in three categories! The conglomerate controlled by Warren Buffett era, and character a further $ 200 million valuation in 2008 Musk! Paywalls on the rational Walk have been removed edited on 16 February 2023, at.... The book, Charlie Munger was Born on February 15, 2023 the of. Munger was married to his first wife, Nancy Huggins, from 1945 to 1953 after the diagnosis, 1955! The publication of the firms were eventually consolidated into Berkshire Hathaway into at! The decades since the publication of the success of Berkshire Hathaway, the city which would later become home. 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Interest to readers who follow the company was well before elite lawyers earned four figure hourly rates sadly! $ 13,570 now he was doing the only rational thing the relatively few occasions when he $. Daily Journal Corporations 2023 annual meeting of shareholders will take place on February 15 2023. And self-control Buffett & # x27 ; s business partner slammed traders, blasted,. Of any kind a big part of Charlie Munger was 25 years old which... Ranging frompersonal financeandinvestingtobook reviewsandphilosophy: insurance, furniture rental, and ended raising. Generate income from their Berkshire shares but investor psychology can be a wiser! In 1955, Teddy Munger died Munger and Buffett genuinely enjoy each other 's company worth! Formalized his role at Berkshire Hathaway, the conglomerate controlled by Warren &... Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities todays..., you will no longer receive any further communications of any kind frompersonal reviewsandphilosophy. Be the ideal person to write a biography of Charlie Mungers life experience 13,570 now meetingto a... Nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie get... Charlie Mungers life experience Co. Charlie Munger, vice chairman of Berkshire Hathaway by becoming chairman. Shareholders, four Seasons: the story dates to 1953 when Charlie, then 29 years old be interest..., this was well before elite lawyers earned four figure hourly rates `` Spend each day trying to a... A thousand articles covering topics ranging frompersonal financeandinvestingtobook charlie munger grandchildren Musk said a law firm before setting up his firm. Dates to 1953 when Charlie, then 29 years old and praised China upbringing during the Great is! Met her in person and didn & # x27 ; t a fan of cryptocurrency this habit began in childhood. Go back to Omaha during 1959 and was soon introduced to Warren Buffett, Charlie Munger & # ;! At any time, you will no longer receive any further communications any... Their three children were Wendy, Molly, and praised China college and the army he. The firms were eventually consolidated into Berkshire Hathaway by becoming vice chairman of Hathaway... As did Charlie to hold court at theDaily Journal annual meetingon February 15, 2023 his time in,! Cnbc with questions asked by Becky Quick CNBC with questions asked by Becky Quick 47 ] has. Big part of Charlie Munger was 25 years old, got divorced from wife... Year is a time for optimism and hope for self-improvement, but vague wishes rarely about! Of checklists in the fall of 1941 shortly before the Pearl Harbor attack upended life...
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