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Charlie Munger, one of America's top businessmen dead at 99
Posted on 11/28/23 at 4:44 pm
Posted on 11/28/23 at 4:44 pm
I don't guess he ever retired. Worked until he died.
Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-command
quote:
NEW YORK, Nov 28 (Reuters) - Charles Munger, who died on Tuesday, went from working for Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc.
Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire.
The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units.
Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-command
6
Posted on 11/28/23 at 4:50 pm to WriTenn
Bannon played some Munger clips on War Room earlier. In one clip Munger is telling the gal interviewing him the US will collapse as all nations eventually do.....well, Charlie, you don't have to see it.
Posted on 11/28/23 at 4:58 pm to WriTenn
He and Buffet are both huge hypocrites about the tax code. Preach and preach for years about how their effective tax rate was lower than their employees yet never felt obligated to pay in more.
Posted on 11/28/23 at 5:00 pm to WriTenn
Clot shot
Posted on 11/28/23 at 5:01 pm to tketaco
quote:
Clot shot
He was 99...
Posted on 11/28/23 at 5:02 pm to stout
quote:
He and Buffet are both huge hypocrites about the tax code. Preach and preach for years about how their effective tax rate was lower than their employees yet never felt obligated to pay in more.
Buffet pushed Obama's "pay your 'fair share'" bullshite, using the old "my secretary pays more in taxes than I do" line. I didn't understand why he'd voluntarily play ball until a short time later when Obama killed Keystone XL.
Guess who owns (or did at the time) the railroad that was transporting all the oil?
Yup.
This post was edited on 11/28/23 at 5:10 pm
Posted on 11/28/23 at 5:03 pm to WriTenn
Warren buffet’s “partner” huh?
Its 2023 bro
Its 2023 bro
Posted on 11/28/23 at 5:10 pm to Knartfocker
quote:
He was 99...
A very limber age, bet he had a sense of humor too.
Posted on 11/28/23 at 5:16 pm to stout
quote:
He and Buffet are both huge hypocrites about the tax code. Preach and preach for years about how their effective tax rate was lower than their employees yet never felt obligated to pay in more.
Have you ever worked for a Berkshire-Hathaway company, or worse been taken over by them?
First thing they do is eliminate jobs and benefits. The absolute worst group insurance I have had was a B-H company. High premiums and even higher deductibles.
Buffet likes to talk taxes. He does not like to pay them.
Posted on 11/28/23 at 5:37 pm to WriTenn
quote:
He does not like to pay them.
Who does?
Posted on 11/28/23 at 5:39 pm to WriTenn
RIP Charlie. You changed the investing game. This guy drove so much of warrens philosophy and strategy it's wild.
Posted on 11/28/23 at 7:08 pm to WriTenn
quote:
Have you ever worked for a Berkshire-Hathaway company, or worse been taken over by them?
I have a good friend that did for six months and hated every minute of it. He was a star employee at his prior company in charge of $50m of revenue and very trustworthy. Takes a move up to a bigger chair at a B-H company and it's a bunch of conniving SOB's that were trying to stab each other every day.
no thanks
Posted on 11/28/23 at 7:45 pm to WriTenn
I worked for a company bought by BH. Bonus plan changed to primarily profit-based. Although we had been profitable every year, the company sent so much to BH in dividends, the books showed a loss, thereby eliminating bonus payouts although they were technically still in place. The Sr. VPs and officers’ bonuses were based on dividend payments. I would not work for a BH-owned company again.
Posted on 11/28/23 at 10:08 pm to oklahogjr
quote:
RIP Charlie. You changed the investing game. This guy drove so much of warrens philosophy and strategy it's wild.
Their whole strategy was “buy things in the 60s and hold on to them”
A 3 story house was like $500 back then.
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