Charles Thomas Munger, an investing legend known for his partnership with Warren Buffett as Berkshire Hathaway’s vice chairman, died Nov. 28 at the age of 99. Munger’s family informed Berkshire that he passed away in a California hospital earlier this morning.
Munger had a long and storied career across multiple industries, most notably as one of the most successful and influential investors of all time. He was also one of the business world’s most ferocious critics of cryptocurrency and frequently dismissed it as a poor investment.
Alongside his friend and business partner Warren Buffett, Munger transformed Berkshire Hathaway from a struggling textile company into a conglomerate behemoth and investment vehicle worth over $700 billion. Munger brought his deep expertise from decades of investing experience, with compound annual returns of nearly 20% from 1962 to 1975. His value investing philosophy focused on buying quality companies for the long term. “Our favorite holding peri
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