Charles Thomas "Charlie" Munger is a shareholder and Vice Chairman of Berkshire Hathaway, Warren Buffett's legendary investment company. Both combines not only a long friendship, but also a similar investment strategy. On 1. January, the billionaire Munger is 95 years old.
183 years of shared life experience, the friends, finally, Warren Buffett is also already 88. And a lot of their time, the two of them spend up today - invest. Here, Charles Munger, had taken another path. He obtained in 1948 the degree of doctor in legal Sciences in Harvard with magna cum laude. Whoever manages the most of the doors are open. First of all, Munger actually worked as a lawyer, and later he founded and headed the real estate and investment companies. Buffett is said to have played in Mungers decision, the legal profession and to be a financial investor, a role.
Because "The Oracle of Omaha", Warren Buffett and Charlie Munger, come from the same town in Nebraska and met in 1959 at a Dinner Party. A certain connection between the two families existed but have a much longer history: As a Boy, Munger worked in the vegetable shop of Warren Buffett's grandfather in Omaha. The reward: two dollars for ten hours of work.
Charles Munger, Vice Chairman (left) and CEO Warren Buffett, Berkshire Hathaway
Munger and Buffett then not invested rarely independent of each other in the same company. So it came to be that Buffett Munger in 1978, bought the stake in a retail chain out of it. In return, it gave two percent of Berkshire Hathaway, and the Post of Vice Chairman. In 1984, Munger took over the management of Berkshire subsidiary Wesco Financial Corporation."I have nothing further to add"
For decades, the two will present together on the traditionally entertaining Berkshire-meetings mostly positive Numbers. Wherein the means that most Buffett presents and Munger only notes that he had nothing to add.
The equity owners are then not only because of the good Pay in a great mood, but also because of the humor of the two young-at-heart. Buffett, himself Born in 1930, said already more than ten years ago that they made the main assemblies together, because the see a still reasonably good and the other is still something to hear. Munger, born in the year 1924, the annual event with the focus, otherwise, he remains clearly in the shadow of Buffett's.