DJCO - Charlie Munger Buffett's Trusted Partner Dies At 99 | Benzinga
Charles Munger, the billionaire businessman and attorney best-known as Warren Buffett’s right-hand man at Berkshire Hathaway, died on Tuesday at the age of 99.
With no thought of retirement, the finance sage had worked with Buffett since 1959, when the two were introduced at a dinner. Together, they ran Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B), with Buffett at the helm and Munger as vice chairman. Together they build Berkshire into a giant holding company with a market captilization of over $784 billion.
Munger also served as chairman of the Daily Journal Corporation (NASDAQ: DJCO) and as a director at Costco Wholesale Corporation (NASDAQ: COST).
Munger spent some time in real estate law, co-founding Munger, Tolles & Olson in California before shifting permanently to investing. A short-lived partnership proceeded his chairmanship at Wesco Financial Corporation, a subsidiary of Berkshire Hathaway.
While in the U.S. Army he learned a skill that served him well in business: card playing. It was something he was quoted as saying affected his approach to stock trading.
Among the other stock trading approaches Munger was known for was the "Lollapalooza ...