The investment world has been dealt a huge blow with the death of 99 year-old Charlie Munger, the investing genius and right-hand man to Warren Buffet. Widely respected by investors and businesspeople alike, Munger’s passing marks the end of an era for the iconic Buffett & Munger investor strategy.
Munger began his career in law, and eventually earned his fortune through investments, joining forces with Buffet in 1975. Together, Munger and Buffet formed an effective and successful strategy for investing, both in businesses and beyond. The duo had a special knack for recognizing value in stocks that other investors had overlooked, and were not afraid to take calculated risks.
Though his investments often leaned toward the conservative, Munger’s approach to investing could best be summed up as “elementary common sense”. He held that any prudent investor should look at the “big picture” of a stock, rather than attempting to identify individual winners within a portfolio. This strategy worked out well for his own investments, and he was able to amass a tremendous fortune over the course of his life.
However, his legacy is not only one of financial success – Munger was also admired for his humanitarianism and philanthropy. Munger’s investments supported numerous charities over the years, allowing him to contribute to numerous worthwhile causes. His generosity and compassion have been made known far and wide, and his investments have had a lasting impact on many individual lives.
Certain to be remembered fondly in the investment world, Charlie Munger leaves behind a legacy of both financial and moral success. Impressive investments, noteworthy investments, and effective philanthropy paint a lasting portrait of a man who had the foresight to make not only make money, but who also strived to do some good with it. A true investing legend, the world of business and investing would not be the same without him.