Charlie Munger

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DEFINITION of 'Charlie Munger'

The Vice-Chairman of Berkshire Hathaway Corporation, the diversified company chaired by renowned investor Warren Buffet. Upon graduating from Harvard Law School in 1948, Charles Thomas Munger, known as Charlie, founded Munger, Tolles & Olson LLP, a real estate law firm. In 1965, he began concentrating on managing investments and formed an investment firm, Wheeler, Munger and Company, with a seat on the Pacific Coast Stock Exchange. While practicing law in Omaha, Munger met Warren Buffet and eventually joined Berkshire Hathaway has Buffet's "right hand man".

BREAKING DOWN 'Charlie Munger'

Warren Buffet has publicly referred to Charlie Munger as his partner at Berkshire Hathaway. He is also the CEO of Wesco, a diversified corporation headquartered in Pasadena, California and majority owned by Blue Chip Stamps - which itself is owned wholly by Berkshire Hathaway. Munger is also a well-known philanthropist.

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RELATED FAQS
  1. What is Charlie Munger's current role at Berkshire Hathaway, and what is his history ...

    Charlie Munger has been vice-chairman of Berkshire Hathaway since 1979. Essentially, Munger acts as the right-hand man and ... Read Full Answer >>
  2. When does Warren Buffett usually release his letter to shareholders?

    Warren Buffett normally releases his annual letter to investors toward the end of February or at the beginning of March. ... Read Full Answer >>
  3. What are the biggest risks associated with covered interest arbitrage?

    Covered interest arbitrage is when an investor buys into foreign currency that has an interest rate that will yield the investor ... Read Full Answer >>
  4. Why did Warren Buffett invest heavily in Coca-Cola (KO) in the late 1980s?

    Warren Buffett found Coca-Cola an attractive investment because it had a moat and was attractively valued. Buffett began ... Read Full Answer >>
  5. Why does Warren Buffett largely avoid investing in the technology sector?

    Warren Buffett has often said that he avoids investing in the technology sector because he does not like to own stocks in ... Read Full Answer >>
  6. Why doesn't Warren Buffett own Apple (AAPL) stock?

    Warren Buffet claims he simply does not know how to properly evaluate Apple (AAPL) and does not feel confident in his reading ... Read Full Answer >>

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