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Charlie Munger the vice chairman of Berkshire Hathaway passed away at 99 in California. He was a celebrated name in the financial world and regarded as the closest aid to Warren Buffett, CEO, Berkshire Hathaway.
Following his demise, the Company released a statement on November 28, 2023. It said, “Berkshire Hathaway a few minutes ago was advised by members of Charlie Munger’s family that he peacefully died this morning at a California hospital”.
It also quoted Warren saying, “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.”
The passing away of Charlie has created a huge void in the financial world, which will always reverberate his timeless lessons.
Here are a few of the many things that Charlie taught.
#1 Spend each day trying to be a little wise than you were when you wake up
#2 Those who keep learning will keep rising in life
#3 The big money is not in the buying or selling, but in the waiting
#4 A lot of people with high IQs are terrible investors because they’ve got terrible temperaments
#5 Success means being very patient, but aggressive when it's time
