“His sharp wit dazzled generations of investors. No other business partner played second fiddle better than Charlie Munger.” — writes the Wall Street Journal in its material about the death of a financial market legend.
The daily reminds that for decades Munger was not only the vice-president of Berkshire Hathaway, but also a friend and “consigliere” (loosely translated as “advisor”, a reference to the prose about the New York Italian mafia, where the person holding such a “position” was supposed to be something like advisors and managers – ed.).
Munger was famous for regularly taking the floor after Buffett at annual meetings with investors to say only: I have nothing to add.
Charlie Munger grew up in Omaha, Nebraska, a few hundred yards from where Buffett now lives. They met in 1959, when Buffett was 28 and Munger was 35. Munger at one point worked at a grocery store owned by Buffett’s grandfather.
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