Charlie Munger: Why Warren Buffett's Right-Hand Man Is a Business Genius
Nov. 29, 2023, 12:30 a.m. BusinessRead time estimation: 2 minutes.
Charlie Munger is best known as the right-hand man of Warren Buffett, but he is also a business genius in his own right.Munger was born in Omaha, Nebraska, in 1924. He graduated from the University of Nebraska–Lincoln and then earned a Juris Doctor from Harvard Law School.Munger began his career as a lawyer, but he soon transitioned to business. He co-founded the investment firm Berkshire Partners in 1965 and became a partner at the firm in 1967.Munger is known for his investing philosophy, which is based on value investing and contrarian thinking. He has also written extensively on the subjects of business, investing, and psychology.Munger is a director of Berkshire Hathaway, the holding company for Buffett's business interests. He also serves on the boards of several charitable foundations.Munger is known for his wisdom and wit. In a 2006 interview, he said, "I constantly see people rise in life who are the opposite of intelligent. They're people who have good taste and good judgment but who don't have the mental ability to think things through.""I've always been attracted to people who have good taste and good judgment but who don't have the mental ability to think things through."In 2011, Munger was asked what advice he would give to someone who is just starting out in their career. He replied, "I would say the first rule is never to forget what it is you're trying to do. And the second rule is to never quit until you get there."Munger is a brilliant thinker and an outstanding business leader. He is an inspiration to all who aspire to be successful in business.