Charlie Munger, Warren Buffett's Right-Hand Man, Dies at 99

Investment Sage and Berkshire Hathaway Vice-Chair Remembered for Wisdom and Wit

Charlie Munger, the sharp-witted vice-chair of Berkshire Hathaway and investment partner of Warren Buffett, died aged 99 on Tuesday at a California home.

Munger, known for his colorful language and no-nonsense approach to investing, was a self-made billionaire who made a fortune even before he joined forces with Buffett. He was a close friend of Buffett's and played a pivotal role in building Berkshire Hathaway into the investment powerhouse it is today.

Munger's investment philosophy was based on the principles of value investing, which he learned from his mentor, Benjamin Graham. He believed in buying stocks at a discount to their intrinsic value and holding them for the long term. He also emphasized the importance of diversification and temperament in investing.

Munger was a prolific writer and speaker on investing and business. He authored several books, including "Poor Charlie's Almanack," which is a collection of his essays on investing and life. He also spoke frequently at investment conferences and was known for his entertaining and thought-provoking presentations.

Munger will be remembered as one of the greatest investors of all time. His wisdom, wit, and investment acumen will be sorely missed.