Some call him Warren Buffett’s alter ego. Some know him as Buffett’s quirky business partner. But whatever he is called, Charlie Munger is ‘the’ original thinker and the silent man behind the success of Buffett’s investment company Berkshire Hathaway.
Ask people about Berkshire Hathaway, and most will tell you that it’s Warren Buffett’s company, which is true as far as it goes.
But those in the know recognize that Berkshire’s success is actually the product of a tag-team effort by Buffett and Munger.
The small talk between Buffett and Munger during Berkshire annual general meeting has become folklore.
After answering a shareholder’s questions in detail, Buffett looks over to Munger and inquires, “Charlie?”
Then one of two things occurs: Munger will either and make a pointed, pithy, often scathing comment. Or he will simply remark, “I have nothing to say.”
But for those who have read Munger’s writings, he indeed has a lot to say.
Take for instance a recent conversation that Munger had a conference in the US.
Click here to read the conversation, where he answers 39 questions.
Now that’s too much from Munger at one go!
I am really surprised to learn that BRK has never given dividend to its shareholders.