Charles Thomas Munger (b. January 1, 1924, Omaha, Nebraska) is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by investor Warren Buffett. is the 1st day of the year in the Gregorian calendar. ... Year 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar) of the Gregorian calendar. ... Nickname: Motto: (Latin) Courageously in every enterprise Location in Nebraska Coordinates: , Country United States State Nebraska County Douglas Founded 1854 Incorporated 1857 Government  - Mayor Michael Fahey (D)  - City Clerk Buster Brown  - City Council District 1: Jim Suttle District 2: Frank Brown District 3: Jim Vokal District 4: Garry Gernandt (Council... The United States dollar is the official currency of the United States. ... Image File history File links No higher resolution available. ... is the 1st day of the year in the Gregorian calendar. ... Year 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar) of the Gregorian calendar. ... Nickname: Motto: (Latin) Courageously in every enterprise Location in Nebraska Coordinates: , Country United States State Nebraska County Douglas Founded 1854 Incorporated 1857 Government  - Mayor Michael Fahey (D)  - City Clerk Buster Brown  - City Council District 1: Jim Suttle District 2: Frank Brown District 3: Jim Vokal District 4: Garry Gernandt (Council... Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. ... Warren Edward Buffett (b. ...

Like Buffett, Munger is a native of Omaha. After studies at the University of Michigan and service in the U.S. Navy, he entered Harvard Law School without an undergraduate degree. Graduating in 1948 with a Juris Doctor, he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP until 1965. He then gave up the practice of law to concentrate on managing investments. The University of Michigan, Ann Arbor (U of M, U-M or simply Michigan) is a coeducational public research university in the state of Michigan, and one of the foremost universities in the United States. ... Harvard Law School, often referred to in shorthand as Harvard Law or HLS, is one of the professional graduate schools of Harvard University. ... Doctor of Law, Doctor of Jurisprudence, or Juris Doctor (abbreviated J.D. or JD, from the Latin, Teacher of Law) is a professional degree in law offered by universities in a number of countries. ... Munger, Tolles & Olsen LLP (MTO) is a California law firm that, despite having offices in only two cities (Los Angeles and San Francisco), is considered one of the most prestigious firms in the country. ...

Munger is also the chairman of Wesco Financial Corporation, an 80.1%-owned subsidiary of Berkshire Hathaway. It began as a savings and loan association, but now controls Precision Steel Corp., CORT Furniture Leasing, Kansas Bankers Surety Company, and other ventures. Wesco Financial has an equity portfolio of over $1 billion dollars that is concentrated in Coca-Cola, American Express, Wells Fargo, and Procter & Gamble. A single stock can make up 50% of the value of the entire portfolio. Munger believes that holding a concentrated number of stocks, that he knows extremely well, will in the longterm produce superior returns. Wesco is based in Pasadena, California, Munger's adopted hometown and the site of the company's annual shareholders' meeting. Munger's meetings are nearly as legendary in the investment community as those he co-hosts with Buffett in Omaha. Such meetings are often perfunctory, but Munger interacts with the other Wesco shareholders at considerable length, sometimes speculating about what his hero Benjamin Franklin would do in a given situation. Wesco Financial Coproration (AMEX:WSC) is a diversified financial corporation headquartered in Pasadena, California. ... A savings and loan association is a financial institution which specializes in accepting savings deposits and making mortgage loans. ... Pasadena is a city in Los Angeles County, California, United States. ... Benjamin Franklin (January 17 [O.S. January 6] 1706 – April 17, 1790) was one of the most well known Founding Fathers of the United States. ...

Buffett has often publicly stated that he regards Munger as his "partner". Indeed, Munger owns enough Berkshire Hathaway stock to be a bona fide billionaire in his own right. However, Munger is hardly a carbon copy of Buffett: Munger is known to be a Republican, whereas Buffett has generally supported Democrats. Buffett devotes his time almost exclusively to his business, while Munger, who has not involved himself in the day-to-day operations of Berkshire for many years, is a generalist for whom investment is only one of a broad range of interests. Each man feels that their differences complement rather than detract from their relationship. Both were ardent supporters of abortion-rights even before Roe v. Wade ([1]). Holding Texas law making it a crime to assist a woman to get an abortion violated her due process rights. ...

In 1991, the investment bank Salomon Brothers was caught submitting false bids to the U.S. Treasury in an attempt to manipulate bond pricing in its favor between December 1990 and May 1991. At the time, Berkshire Hathaway owned 14% of Salomon Brothers and Munger was a director of Salomon Brothers Inc. This article deals with Salomon Brothers. ...

Munger donated 500 shares of Berkshire Hathaway Class A stock, worth $43.5 million, to Stanford University to build a housing complex for Stanford Law School. While he did not attend Stanford, his first wife, Nancy Munger, was an alumna and served on the Board of Trustees. Their daughter, Wendy Munger (A.B., 1972, Stanford University) is currently member of the board. In 2007, he donated funds for renovations at the University of Michigan Law School. Leland Stanford Junior University, commonly known as Stanford University (or simply Stanford), is a private university located approximately 37 miles (60 kilometers) southeast of San Francisco and approximately 20 miles northwest of San José in Stanford, California. ... Stanford Law School is a graduate school at Stanford University located near Palo Alto, California in Silicon Valley. ... It has been suggested that Student Funded Fellowships be merged into this article or section. ...

Compilation

• Charlie Munger - A Compilation by Toughiee - Largest compilation on Charlie Munger on the net. This site has a complete collection of articles by Charlie Munger.

Books

• Lowe, Janet (2000) Damn Right! Behind the scenes with Berkshire Hathaway billionaire Charlie Munger, John Wiley & Sons (ISBN 0-471-24473-2)
• Kaufman, Peter (2005 and 2006 for the second edition) "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger" http://www.poorcharliesalmanack.com/
• Bevelin, Peter (2007) Seeking Wisdom: From Darwin to Munger (ISBN 1-578-64428-3)

External links

• Three Speeches by Charlie Munger
• Charlie Munger Link Collection
• Munger Speeches & Writings
• Articles by Charlie Munger
• Munger's Speech on Mental Models
• "In the Money" (2001 Harvard Law Bulletin article)
• Munger's Worldly Wisdom (1994 USC Business School)