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An investing legend dies

29-11-2023 < Attack the System 24 155 words
 
He was number one at being number two. 

Charlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. He passed peacefully at a California hospital, according to his family.



Munger grew to prominence as the right-hand man to the world’s most famous investor, Warren Buffett. And while Munger never achieved Buffett’s astronomical wealth, he did all right, amassing a net worth of over $2 billion.



Munger’s wealth could have been even greater, but he sold or donated more than 75% of his Berkshire Hathaway stock since 1996.



The man who built a career making smart investments had a unique perspective on handling his own money later in life.


“I’m deliberately taking my net worth down,” he told The Omaha World-Herald in 2013. “My thinking is, I’m not immortal,” he continued, “and I won’t need it where I’m going.”

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