Charles Thomas Munger is an American businessman, lawyer, and philanthropist. He is the vice chairman of Berkshire Hathaway, a conglomerate controlled by Warren Buffett, and has been a partner of Buffett since 1978. Munger is also the chairman of Daily Journal Corporation, a newspaper publishing company, and a director of Costco Wholesale Corporation.
Munger was born in Omaha, Nebraska, in 1924 and grew up in a middle-class family. He attended the University of Michigan, where he earned a bachelor's degree in mathematics and a law degree. After completing his education, Munger worked as a trial lawyer in Los Angeles before joining the U.S. Army in World War II.
In 1962, Munger met Warren Buffett through a mutual friend, and the two formed a partnership that would last for decades. Munger joined Berkshire Hathaway in 1978 and has been the company's vice chairman ever since. Under Buffett and Munger's leadership, Berkshire Hathaway has grown to become one of the largest and most successful companies in the world.
Munger is also known for his philanthropy and has donated millions of dollars to various charitable causes, including education, health care, and the arts. He is a strong advocate for the power of compound interest and has said that it is one of the most important concepts for people to understand when it comes to building wealth.
Munger is also an accomplished speaker and writer. He is known for his wit and wisdom and has delivered many speeches and interviews on topics such as investing, business, and life lessons. Munger's advice is widely sought after by business leaders, investors, and students of investing.
In addition to his role at Berkshire Hathaway, Munger has also served on the board of several other companies, including Blue Chip Stamps and Wesco Financial Corporation. He is a member of the American Academy of Arts and Sciences. He has received several awards and honors for his business and philanthropic contributions, including the prestigious Woodrow Wilson Award for Corporate Citizenship.
Munger is known for his unconventional and contrarian investing philosophy, which often goes against popular industry trends. He has a strong focus on value investing and encourages investors to look for undervalued companies with strong fundamentals. He also stresses the importance of having a long-term investment horizon and avoiding the pressure of short-term market fluctuations.
Munger is also a strong believer in the power of knowledge and education. He has said that one of the keys to success in business and investing is constantly learning and expanding one's knowledge. He is known for reading extensively and has a wide range of interests, including psychology, history, and philosophy.
Another characteristic of Munger is wit and wisdom in his speeches, interviews, and writings. He is known for his candid, straightforward, and often humorous commentary on various topics. His speeches and interviews are widely followed and celebrated by business leaders, investors, and students of investing.
Overall, Charles Munger is not only a highly successful businessman and philanthropist but also a remarkable thinker and mentor who has made an enduring impact on the world of business, investing, and philanthropy through his investment philosophy, his business acumen, and his wisdom.