Charlie Munger

Date of Birth: January 1, 1924

Zodiac Sign: Capricorn

Biography

Charles Thomas Munger, commonly known as Charlie Munger, is an American businessman, investor, and philanthropist. Born on January 1, 1924, Munger is best known as the vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger has played a pivotal role in the success of Berkshire Hathaway, providing strategic insights and investment expertise that have significantly contributed to the company’s growth. Munger was born and raised in Omaha, Nebraska. He attended the University of Michigan before serving in the U.S. Army Air Corps during World War II. After the war, he earned a degree in mathematics from the University of Michigan and later attended Harvard Law School, where he graduated magna cum laude. Before joining forces with Warren Buffett, Munger had a successful career as a real estate attorney and later founded the investment firm Wheeler, Munger & Company. His partnership with Buffett began in the early 1960s, and since then, the two have built one of the most successful investment firms in history. Munger is also known for his philanthropic efforts, particularly in the fields of education and healthcare. He has donated millions to various institutions, including the University of Michigan and the University of California, Santa Barbara.

5 Interesting Facts about Charlie Munger

1. Charlie Munger has never used a computer or smartphone, preferring to do things the old-fashioned way.

2. He designed the Munger Graduate Residence Hall at Stanford University, which features a unique suite-style living arrangement.

3. Munger is a voracious reader and attributes much of his success to his continuous learning and reading habits.

4. He survived a disastrous early investment in Blue Chip Stamps, which later became one of Berkshire Hathaway’s key subsidiaries.

5. Munger has a keen interest in architecture and has contributed significantly to the design and funding of several university buildings.

5 Most Interesting Quotes from Charlie Munger

1. “Show me the incentive and I will show you the outcome.”

2. “The big money is not in the buying and selling, but in the waiting.”

3. “It’s not supposed to be easy. Anyone who finds it easy is stupid.”

4. “A great business at a fair price is superior to a fair business at a great price.”

5. “In my whole life, I have known no wise people who didn’t read all the time — none, zero.”

Highest Net Worth Achieved

Charlie Munger’s highest net worth achieved is estimated to be around $2.2 billion.

Children

Charlie Munger has eight children. His children include Wendy Munger, a lawyer and philanthropist, and Charles T. Munger Jr., a physicist and inventor. Munger’s family has been actively involved in various philanthropic activities, often donating to educational and scientific causes.