The Latest Breaking News from Charlie Munger

Munger served as Buffett’s sounding board on investments and business decisions and helped lead Berkshire for more than five decades and served as its longtime vice chairman.

Charlie Munger, vice chair of Berkshire Hathaway, died Tuesday, the company confirmed.

Munger died "peacefully" at a hospital in California, Berkshire Hathaway said.

Buffett and Munger together built Berkshire Hathaway into a multi-billion dollar behemoth.

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died

The legendary investor was known for straight talk and a skepticism of the professional finance industry.

Berkshire Hathaway has net sold around $24 billion worth of shares this year, while also being frugal with stock buybacks. The current market scenario is similar to what Warren Buffett described as his "nightmare," and could signal trouble for stocks in 2024.

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"The guy at BYD is better at actually making things than Elon is," said Warren Buffett's right-hand man.

Berkshire Hathaway has minority stakes in five Japanese holding companies that have yielded more than 90% returns over three years.

“You don’t want to make money by screwing your investors, and that’s what a lot of venture capitalists do,” Munger said on the podcast Acquired.