Here is a look at the life of Charles “Charlie” Munger, business partner of Warren Buffett.
Personal:
Birth date: January 1, 1924
Birth place: Omaha, Nebraska
Birth name: Charles Thomas Munger
Father: Alfred C. Munger, lawyer
Mother: Florence “Toody” (Russell) Munger
Marriages: Nancy (Barry) Munger, (1956-February 6, 2010, her death); Nancy (Huggins) Munger (divorced in 1953)
Children: with Nancy B. Munger: Charlie Jr., Emilie, Barry and Philip; stepchildren: William Harold Borthwick and David Borthwick; with Nancy H. Munger: Wendy, Molly and Teddy (deceased, leukemia, age 9)
Education: Attended the University of Michigan and California Institute of Technology. Harvard University, J.D., 1948
Other Facts:
At Caltech, he studied physics to become a meteorologist for the US Army Air Corps.
Munger entered law school without an undergraduate degree and graduated magna cum laude.
Known for using the term “lollapalooza effect” – “when anywhere from 2 to 4 forces all are driving investment in the same direction.”
Timeline:
1959 – Meets Warren Buffett at a dinner party.
1962-1975 – Operates Wheeler, Munger and Company, an investment counseling firm.
1965 – Stops practicing law.
1978-present – Vice chairman of Berkshire Hathaway.
January 1984–2011 – Chairman of the board and CEO of Wesco Financial Corporation.
May 2014 – According to Berkshire’s proxy statement, Munger has not received a raise in more than 25 years.
February 2015 – Munger reflects on 50 years of success at Berkshire Hathaway in the annual letter to shareholders.
March 5, 2019 – Ranks No. 1425 on Forbes’ annual list of the world’s billionaires, with a net worth of $1.6 billion.
