Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has died at age 99.
The conglomerate said it was advised by members of Munger's family that he peacefully died this morning at a California hospital.
Munger, who wore thick glasses, had lost his left eye after complications from cataract surgery in 1980.
But like his friend and colleague, Munger was a font of wisdom in investing, and in life.
"All intelligent investing is value investing — acquiring more than you are paying for," Munger once said.
Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.
"We just want to get through the typhoon, and we'd rather come out of it with a whole lot of liquidity. »
