Charlie Munger on the Berkshire Hathaway press convention on April 30, 2022.
CNBC
The investing neighborhood misplaced one among its pillars Tuesday with the dying of Berkshire Hathaway vice chair Charlie Munger, based on Ariel Investments’ Charles Bobrinskoy.
He was a “true grasp of investing,” Bobrinskoy, the agency’s vice chair, stated on CNBC’s “Closing Bell: Additional time” shortly after Munger handed away Tuesday. “He was a extremely vital voice in worth investing and all investing.”
“He was a voice in opposition to fraud. He was a voice in opposition to irrational exercise. He was a voice of motive. He was proper there with Warren Buffett all through the entire nice Berkshire Hathaway years,” Bobrinskoy added.
Munger was 99 years previous. Thought-about by many to be an investing genius, Buffett credited him with broadening his concentrate on discovering high-quality firms that have been undervalued quite than shopping for struggling ones in hopes of turning a revenue.
For extra on Munger’s life, see our full obituary of the investing legend.
