Charlie Munger, the highly regarded investing genius and longtime business partner of Warren Buffett, passed away on February 24th, 2021 at 99 years old.
Munger was one of the most well-respected figures in the investment community and was a driving force behind several successful deals and investments over his storied career. He made his fortune after joining Buffett’s Berkshire Hathaway alongside Buffett in the 1970s, and his expertise helped lead the firm to astronomical success.
Munger wasn’t just a savvy investor; he also had a unique way of looking at the world. He often focused on how many factors were interconnected, stressing caution when making decisions and investing only in what he knew and could understand. In addition to his acuity in business, Munger was also known for his charity work and his philanthropic efforts.
Munger’s passing will leave a big hole in the already tight-knit community of investors, but his influence and brilliant financial acumen will no doubt reverberate for years. He was perhaps most famed for his quote, “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
Those words are certain to continue to guide the financial decisions of both new and seasoned investors for years to come, truly showing the lasting impact Munger has had on the investment community.
Munger’s aboriginal foresight, astute acumen, and candid advice will be deeply missed, but his work still lives on; a reminder of the man who helped enhance an industry full of professional investors and inspired many would-be investors. Charlie Munger will be remembered for his long-lasting impact on the world of investing and finance.