Charlie Munger is widely considered to be one of the most brilliant thinkers of the 20th century. This section is an attempt to compile all of that knowledge into one easily accessible location.
[cite]”Spend each day attempting to be a little wiser than you were when you woke up. That is the goal you should have for yourself. Carry out your responsibilities in an honest and competent manner.
You make progress methodically, although it might not always come in quick spurts. Nevertheless, getting ready for quick spurts of activity is a great way to cultivate discipline. Take it one inch at a time and fight it out day by day.
When all is said and done — if you live long enough, that is – the majority of people wind up getting what they deserve. [/quote]
Short Bio
| Net Worth: | $2.3 Billion |
| Date of Birth: | Jan 1, 1924 (98 years old) |
| Place of Birth: | Omaha |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
Early Life
On January 1st, 1924, he was given the name Charles Thomas Munger and was born in Omaha, Nebraska. In 1948, he received his Juris Doctor Magna cum laud from Harvard Law School after graduating with honors.
Late in the 1950s, Charlie Munger relocated his family to California, where he secured a position as an attorney with the firm Wright & Garrett (later Musick, Peeler & Garrett).
In time, he also established his own business, which was called Munger, Tolles & Olson LLP.
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After that, he decided to focus his energy on a career in investment management rather than practicing law.
In the beginning, he formed a business partnership with Otis Booth in the real estate development industry. After that, he joined forces with Jack Wheeler to launch the investment firm that would bear their names: Wheeler, Munger, and Company.
Berkshire Hathaway
Both Charlie and Warren Buffett had childhood friendships in Omaha, where they grew up. They even shared a job at the grocery business owned by Warren’s grandfather when they were both still in their teens.
In 1959, Charlie and Warren saw one other again at a dinner party that was held in Omaha. At this point in time, Charlie had already relocated his family from California to Omaha in order to take over the law practice that had previously been run by his late father.
It was Warren who inspired him to get started in the investment business, and he quickly realized that he had a natural talent for it.
Charlie was the manager of his own investment fund for close to a decade. His fund had a remarkable amount of success, with yearly returns averaging 19%.
In 2022, Warren invited Charlie to join Berkshire Hathaway in the role of Vice Chairman of the corporation, which is a role he has held continuously since then.
In addition to his roles as chairman of both Wesco Financial Corporation and the Daily Journal Corporation, Charlie Munger has served as a director of Costco Wholesale Corporation. His tenure as chairman of Wesco Financial Corporation spanned from 1984 until 2022.
Sea Meadow
In the late 19080s, Charlie constructed an expensive enclave on the coast of Montecito that he called Sea Meadow. Sea Meadow is a community that is secured and spans 22 acres. The price of a home in Sea Meadow today can range anywhere from $10 million to $20 million, or even higher, and the homeowners association fee is $2,700 per month.
In December 2022, Charlie purchased a home for himself in the community that he had constructed for the price of $11 million.
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Philanthropy
Charlie Munger is a well-known philanthropist, and he has contributed hundreds of millions of dollars worth of Berkshire Hathaway class A shares to various charitable organizations.
The University of Michigan, the University of Michigan Law School, the Polytechnic School in Pasadena, Stanford University, and the University of California at Santa Barbara have all benefited from his significant donations.
One of his most noteworthy contributions was the two hundred million dollars that he committed to giving to UC Santa Barbara in March of 2022. His donation was made to the university under the stipulation that the cash is used to build a hostel according to Munger’s extremely particular and unique design.
As a result of Munger’s design, which included beds without windows, the institution’s veteran architectural designer ultimately decided to resign in protest. The designer, Dennis McFadden, remarked
Charlie Munger’s Net Worth
Charlie Munger is an American business magnate, investor, lawyer, and philanthropist who has a net worth of $2.3 billion. He is also known as Charlie Munger.
The investment partnership that Charlie Munger was a part of and the numerous successful companies in which he had shares allowed him to amass a significant net worth.
His most notable accomplishment is serving as Warren Buffett’s right-hand man. Berkshire Hathaway, which is Buffett’s diversified investment business, now has Munger serving as its Vice Chairman.
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