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Benzinga
Benzinga
Business
Ivy Grace

Charlie Munger Made Over $50 Million Betting On Coal At 99—After Avoiding It For 60 Years and Calling The Panic 'Horse Feathers'

Charlie Munger Coal Li Lu Warren Buffett Berkshire Hathaway
BYD Purchase Was Urged By Charlie Munger

At 99, most people are slowing down. Charlie Munger was doubling down—on coal.

According to The Wall Street Journal's deep-dive profile on Thursday, "The Untold Story of Charlie Munger's Final Years," the Berkshire Hathaway vice chairman made a stunning investment in 2023 that shocked even his close friends. After steering clear of coal for six decades, Munger suddenly jumped in with both feet—and walked away with more than $50 million in paper gains.

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