The financial world says goodbye to Charlie Munger – the long-time right-hand man of Warren Buffett, fierce bitcoin critic, and vice chairman of multinational holding firm Berkshire Hathaway – who died at the age of 99, the company announced on Tuesday.
According to Berkshire, Munger passed away quietly at a Californian hospital where he was a resident. There was no explanation provided. On New Year’s Day, Munger would have turned 100 years old.
Berkshire Hathaway was a failed textile company until Buffett turned it into an investment powerhouse with a $785 billion stock market valuation.
Munger, who has served as vice chair of Buffet’s company empire since 1978, has amassed a net worth of $2.6 billion and has received constant recognition for sticking to a sensible stock-picking and investing attitude while he was at Berkshire.
Bitcoin Adversary Charlie Munger Passes Away
With Munger’s death, an era in business and finance is never the same again. Investors from all over the
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