{"id":2110359,"date":"2023-11-28T18:41:02","date_gmt":"2023-11-28T23:41:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charlie-munger-investor-and-warren-buffetts-right-hand-man-dies-at-age-99\/"},"modified":"2023-11-28T18:45:21","modified_gmt":"2023-11-28T23:45:21","slug":"charlie-munger-investor-and-warren-buffetts-right-hand-man-dies-at-age-99","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charlie-munger-investor-and-warren-buffetts-right-hand-man-dies-at-age-99\/","title":{"rendered":"Charlie Munger, Warren Buffett&#8217;s trusted partner, passes away at 99"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcharlie-munger-investor-and-warren-buffetts-right-hand-man-dies-at-age-99%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2110359&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Warren Buffett (L), CEO of Berkshire Hathaway, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-push-for-another-round-of-stimulus-checks\/\" title=\"Economists Push for Another Round of Stimulus Checks\">vice chairman<\/a> Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. (Photo by Johannes \u200bEISELE \/ \u2064AFP)  <\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James\u200c Meyers<\/a><br \/>3:30 PM \u2013 Tuesday, November\u200c 28, 2023<\/h2>\n<p>Billionaire Charlie \u200bMunger, known \u2064as Warren Buffet\u2019s right-hand \u2064man, has passed away at\u200c the age of\u200c 99. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Munger \u2063died on\u2062 Tuesday, according to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/evacuations-after-train-carrying-hazardous-materials-derails-in-pennsylvania\/\" title=\"Pennsylvania train derailment prompts evacuations due to hazardous materials.\">press\u2062 release<\/a> from Berkshire Hathaway.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Berkshire\u2062 Hathway news\u2063 release announcing Charlie \u200bMunger&#8217;s death \u2062 <a href=\"https:\/\/t.co\/7cvy66IHlB\">pic.twitter.com\/7cvy66IHlB<\/a><\/p>\n<p>\u2014 Joe Weisenthal (@TheStalwart) <a href=\"https:\/\/twitter.com\/TheStalwart\/status\/1729606418787889233?ref_src=twsrc%5Etfw\">November 28, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cBerkshire Hathaway could not have \u200dbeen\u200b built to its present status \u200bwithout Charlie\u2019s\u200c inspiration, wisdom and participation,\u201d Buffett said in a statement.<\/p>\n<\/blockquote>\n<p>Besides being the vice chairman of Berkshire, Munger\u200c was a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chicago-woman-found-a-squatter-in-her-home-she-cant-kick-her-out\/\" title=\"Chicago Woman Found A Squatter In Her Home. She Can\u2019t Kick Her Out.\">real estate attorney<\/a>, chairman and publisher of the <em>Daily Journal Corp<\/em>. , and a member of \u2064the Costco board, \u200bamong other\u2063 things.<\/p>\n<p>Munger\u2019s fortune has been estimated at $2.3\u200c billion but well short of\u2064 Buffet\u2019s eye-popping fortune of an estimated\u200d $100\u200b billion. <\/p>\n<p>He also lost his left eye after complications from cataract surgery in\u200c 1980. <\/p>\n<p>Munger\u2019s impressive career resume \u200dincluded\u2064 being \u2064chairman \u2064and\u200b CEO \u200bof Wesco Financial\u2063 from 1984 to \u200d2011. Buffett also credited Munger \u2063with\u2064 helping his\u2062 investment strategy. He would advise him\u200d to invest in\u200c struggling\u2063 companies at low \u200dprices in hopes of turning a larger profit as well as focusing on underpriced \u200ccompanies. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cHe weaned me away from the idea of buying very so-so companies\u200c at very \u200bcheap prices, knowing that\u2062 there was some small profit in\u2062 it,\u200b and \u2062looking for\u200c some\u2062 really \u2064wonderful businesses that we could buy in fair prices,\u201d\u2063 Buffett told\u2063 <em>CNBC<\/em> in\u200b May 2016.<\/p>\n<\/blockquote>\n<p>The billionaire Munger also had a passion\u200d for architecture, a hatred of \u200dcryptocurrency and a\u200c love of capitalism. <\/p>\n<p>His first real fortune was made by designing and \u200bbuilding\u2063 apartments near Los Angeles. \u200dHe also designed dorms for his alma\u2063 maters, Stanford University and the University of Michigan.<\/p>\n<p>\u201cCharlie\u2019s most important \u200carchitectural feat\u200d was the\u200b design of today\u2019s Berkshire. The blueprint he gave \u2062me was simple: Forget what you \u2063know\u200d about buying fair businesses at wonderful \u200cprices; instead, buy wonderful \u2062businesses at fair prices,\u201d Buffett wrote.<\/p>\n<p>Towards the\u200c end of his life, Munger warned people about\u200c the dangers of envy.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe world \u2063is not driven\u200c by greed. It\u2019s \u2063driven by envy,\u201d Munger said in 2022, according to \u200d <em>CNBC<\/em>.<\/p>\n<\/blockquote>\n<p>Stay informed! Receive\u200b breaking \u2063news blasts directly to your inbox\u2062 for \u200bfree. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>The Portland teachers strike ends with a tentative deal.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Hillcrest \u2063High \u200dSchool in Queens is \u2063being\u200b investigated over an anti-Israel\u2062 riot by\u200b some of\u2064 its students.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Louisiana Senator John Kennedy tells One America News that Joe Biden is becoming \u2062\u201cweak kneed\u201d in\u2063 his support of Israel because many progressives\u2063 in \u2064his party actually\u200d support Hamas.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Rolls-Royce is aiming to quadruple its \u200dprofit in \u2064five years\u2062 by increasing the performance\u2064 of its jet engines.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Amazon is trying to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/all-5-living-first-ladies-attend-funeral-service-for-rosalynn-carter\/\" title=\"All 5 First Ladies Attend Rosalynn Carter's Funeral\">lure big corporate customers<\/a>\u200c to its AWS cloud computing \u200cservice with a new chatbot for \u200bbusinesses.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Some cryptocurrency ETF pioneers plan\u2064 to sit out what is \u200dexpected to be a fierce \u200bindustry\u200c battle for market share.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>The \u200drapid adoption of artificial intelligence\u200d could reduce wages, but so far is creating, not\u2062 destroying jobs.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>U.S. shoppers looking for steep discounts are set to \u200bboost \u200bCyber Monday online\u200c sales to a record $12 billion to $12.4 \u200dbillion.<\/h3>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> \u200bWhat is \u2063Munger&#8217;s legacy and how does it continue to inspire investors<\/h2>\n<p><span>  By love or\u2063 economic wellbeing, but by envy,\u201d Munger said in\u2064 2021. \u201cPeople will always\u200c envy others who have a\u200c more comfortable \u2064life, a\u200c \u200cbetter job, a \u200dlarger\u200c house, a\u200c\u2063 more successful business. This envy leads \u200dto\u200d greed, \u2062and \u200dgreed \u200cleads \u2063to \u2062corruption \u2063and \u2063dishonesty. So, don\u2019t let \u200cenvy \u200dcontrol your \u2062\u2064life, \u2063\u2062focus \u200con\u200c \u200b\u2063bettering yourself and\u200c finding\u200c \u200c\u2063contentment\u200c within.\u201d<\/p>\n<\/blockquote>\n<p>Munger\u2019s death comes as a blow to the\u2063 business world and to Buffett \u2063personally. He was not only a trusted advisor but\u200b also a close friend to the legendary investor.<\/p>\n<p>\u201cCharlie \u2062has \u200dbeen my \u2062partner in building Berkshire Hathaway \u2062over the past six decades. We have had so much fun together trying to do \u2064difficult things,\u201d Buffett said.\u200d \u201cI will miss\u200c him \u200bvoicing \u2064constant\u200c reminders to \u2062always \u2063think long-term, be\u2063 patient \u2064and \u2063focus on the\u200c bigger picture.\u201d<\/p>\n<p>Charlie Munger\u2019s legacy will be remembered \u200bfor his incredible business acumen, his unwavering partnership \u2064with Warren Buffett,\u200b and his\u2063 timeless wisdom\u2064 that continues to inspire investors around the world.<\/p>\n<p>\u201cHe was truly a\u2063 remarkable individual. I am grateful to have been \u200cable to learn from him\u2064 and call him my \u2063friend,\u201d Buffett \u2063added.<\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charlie Munger, Warren Buffett&#8217;s trusted partner, has passed away at 99. The billionaire&#8217;s death marks the end of an era for Berkshire Hathaway<\/p>\n","protected":false},"author":2301,"featured_media":2110360,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2110359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2110359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2110359"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2110359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2110360"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2110359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2110359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2110359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}