Charlie Munger Berkshire Hathaway Bio Wiki Age Wife Books and Net Worth
Charlie Munger (Full Name: Charles Thomas Munger) is a popular American businessman, investor, and philanthropist who is the vice chairman of Berkshire Hathaway. Previously, Charlie worked as chairman of Wesco Financial Corporation from 1984 to 2011. Charlie is also chairman of the Daily Journal Corporation, based in Los Angeles, California, as well as a director of Costco Wholesale Corporation.
As of January 2021, Charlie has an estimated net worth of $1.9 billion as for Forbes reports. He has been a trustee of the Harvard-Westlake School in Los Angeles for over 40 years and formerly worked as chair of the board of trustees. Charlie’s five sons and stepsons and at least one grandson graduated from the prep school. In 2009, Charlie donated eight shares of Berkshire Hathaway Class A stock, worth around $800,000, to Harvard-Westlake. In 2006, he also offered 100 shares of Berkshire Hathaway Class A stock, then valued at $9.2 million, to the school toward a building campaign at Harvard-Westlake’s middle school University.
Charlie was born onJanuary 1, 1924,in Omaha, Nebraska, in theUnited States. He is99 years old. Charlie celebrates his birthday on January 1, every year.
He is a man of above-average stature. Charlie stands at a height of5 ft 11 in( Approx. 1.78m ).
He was born in Omaha, Nebraska, the son ofAlfred Case MungerandFlorence Munger. Charlie’s father worked as a lawyer. Charlie’s grandfather was Thomas Charles Munger who was a U.S. district court judge and state representative. He has two sisters Carol Munger and Mary Munger who are now dead. His father is an alumnus of Harvard Law School.
In 1945, while learning at Caltech, Charlie marriedNancy Huggins, child of Frederick R. Huggins and Edith M. Huggins. Nancy Higgins was from Pasadena and had been Charlie’s sister’s roommate at Scripps College. Charlie and Nancy had three children,Wendy Munger(a retired corporate lawyer, trustee of Stanford University, and trustee of The Huntington Library),Molly Munger(who works as a civil rights attorney and funder of a ballot initiative to fund California taxes for public education) andTeddy Munger(who died of, leukemia, age 9).
Following Charlie’s divorce in 1953, he remarried within a couple of years toNancy Barry, child of David Noble Barry Jr. and Emilie Hevener Barry. Charlie and Nancy Barry have four children—physicist and Republican activistCharles T. Munger Jr.,Emilie Munger Ogden, Barry A Munger, andPhilip R. Munger. He also has two stepchildren:William Harold BorthwickandDavid Borthwick.
Charlie’s first wife Nancy Huggins Freeman died of cancer on July 22, 2002, at age 76. On February 6, 2010, his second wife Nancy Barry Munger also died at home at age 86.
He went to the University of Michigan, where he learned mathematics. Over his time in college, Charlie joined the fraternity Sigma Phi Society. In early 1943, a few days following his 19th birthday, Charlie dropped out of college to work in the U.S. Army Air Corps, where he was a second lieutenant. Following receiving a high score on the Army General Classification Test, Charlie was ordered to learn meteorology at Caltech in Pasadena, California, the town he was to make his home.
When Charlie applied to Harvard Law School, the dean of admissions rejected him due to not completing an undergraduate degree. He excelled in law school, and in 1948 graduated magna cum laude with a J.D.. At Harvard, Charlie was one of the Harvard Legal Aid Bureau.
He was born in Omaha, Nebraska. While young, Charlie worked at Buffett & Son, a grocery store owned by Warren Buffett’s grandfather, Ernest P. Buffett.
– Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger (2005) – On Success (2009)
His house is in Montecito, CA. Charlie’s house has four bedrooms and six bathrooms with more than 4,600 square feet of space. This splendid apartment has been designed in a unique style. The construction year of this lavish home is 1992. In addition, this single-family residential home has a fabulous kitchen. It has a two-car attached garage.
He first joined his BABA position back in Q1 of 2021, when Alibaba was trading between the $220 to $270 range. Charlie later doubled down in Q3 of 2021 and also tripled down in Q4 of 2021. Later on, Charlie trimmed the position by half in Q1 of 2022.
– “How to find a good spouse? – “What are the secret of success? – “People calculate too much and think too little.” – “Go to bed smarter than when you woke up.” – “Remember that reputation and integrity are your most valuable assets—and can be lost in a heartbeat.” – “The best armour of old age is a well spent life perfecting it.” – “The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.” – “If something is too hard, we move on to something else. What could be simpler than that?” – “All I want to know is where I’m going to die so I’ll never go there.” – “Mimicking the herd invites regression to the mean (merely average performance).” – “The best armour of old age is a well spent life preceding it.” – “It’s the work on your desk. Do well with what you already have and more will come in.”
He works as the vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; who has described Charlie as his closest partner and right-hand man. On December 28, 2011, Charlie donated 10 shares of Berkshire Hathaway Class A stock (now valued at $481,021 per share, or $4.81 million total) to the Campus of Michigan. In 2004, the Mungers offerd 500 shares of Berkshire Hathaway Class A stock, later valued at $43.5 million, to Stanford to build a graduate student housing complex.
He manages the Daily Journal investment portfolio with a current market value of around $160 million.
Charlie has not signed The Giving Pledge which was begun by his partnerWarren Buffettand co-director, Bill Gates, and has said that he “can’t do it” because “[he has] already assigned so much to [his] children that [he has] already violated it.” Although Charlie is better known due to his association with Buffett, he ran an investment partnership of his own from 1962 until 1975. According to Warren’s essay “The Superinvestors of Graham-and-Doddsville”, released in 1984, Charlie’s investment partnership generated compound annual returns of 19.8% during the 1962–75 period in contrast with a 5.0% annual appreciation rate for the Dow.
He is critical of cryptocurrencies, mentioning Bitcoin in particular as “noxious poison.”Charlie has also said the use of cryptocurrency should be banned and said it was “beneath contempt”; that bitcoin was “stupid, “immoral,” and “disgusting” .
In his 50s, following a failed eye cataract surgery that rendered his left eye blind, Charlie had his left eye removed because of the severe pain. When doctors informed Charlie that he had developed a condition that may make his remaining eye to fill up with blood and become blind too, Charlie began taking braille lessons. His eye condition has since receded and he still has sight in his right eye.
He designed a windowless University of Michigan dorm even prior to the UC Santa Barbara controversy.
At an interview and Q&A session at Harvard-Westlake School on January 19, 2010, Charlie mentioned American philosopher Charles Frankel in his discussion on the financial crisis of 2007–08 and the philosophy of responsibility.
His religion seems to be Christian and Charlie is on the news for comparing crypto with Venereal disease.
He was born on January 1, 1924, in Omaha, Nebraska, the son of Alfred Case Munger and Florence Munger.
He works as the chairman of the Daily Journal Corporation. Since Wesco meetings came to an end, the Daily Journal yearly meeting has grown in importance, as investors come to the meeting to listen to him speak at length.
Charlie uses the term “Lollapalooza effect” for many biases, tendencies, or mental models acting in compound alongside each other at the same time in the same direction. With the Lollapalooza effect, itself a mental model, the result is always extreme, because of the confluence of the mental models, biases, or tendencies acting together, greatly developing the likelihood of acting irrationally.
He has stated that “The first $100,000 is a bi***, but you gotta do it.”He doesn’t care what you have to do – if it means walking everywhere and not taking anything that wasn’t bought with a coupon, find a way to get your hands on $100,000,”.
On youtube, she talks about the 2023 real estate crash. In his recent interview with the Financial Times (FT), Charlie talked about what he is seeing in the commercial real estate market.
He named “Caesars Palace Coup” as his “Pick for 2022” at the Berkshire Hathaway annual shareholders’ meeting on April 30, 2022.
He has worked as a director of the Company since January 1997.
He loves peanut brittle, has diet coke, and he has never exercised after he left the army.
In 2021, Charlie Destroyed Elon Musk’s Hyperinflated Sense of IQ. He states that Musk has a 190 IQ but Musk thinks he has a 250 IQ.
Charlie gets his wealth from his work as a businessman, investor, and philanthropist who is the vice chairman of Berkshire Hathaway. Therefore, Charlie has accumulated a decent fortune over the years. Charlie’s net worth is$2.5 billion.
Charlie is a 99-year-old who was born onJanuary 1, 1924,in Omaha, Nebraska, in the United States. Charlie celebrates his birthday on January 1, every year.
He is a man of above-average stature. Charlie stands at a height of5 ft 11 in( Approx. 1.75m ).
He is an American businessman, investor, and philanthropist who works as the vice chairman of Berkshire Hathaway. Charlie is also chairman of the Daily Journal Corporation, based in Los Angeles, California, as well as a director of Costco Wholesale Corporation. Prior to that, Charlie worked as chairman of Wesco Financial Corporation from 1984 to 2011.
Twitter – @icharliemunger
