In the United States, veteran investor and businessman Charles Munger, a longtime partner of the legendary Warren Buffett, has died at the age of 100. This development was confirmed by Berkshire Hathaway, the company he helped shape over decades of collaboration and growth.
Munger was pronounced dead at a California hospital on November 29. His passing marks the end of a era defined by a shared philosophy of value investing, patient capital, and a principled approach to business leadership.
Buffett praised Munger publicly, noting that Berkshire Hathaway would not have reached its current stature without Munger’s inspiration, wisdom, and deep involvement. The two men first met in 1959, and Munger joined Berkshire Hathaway as vice chairman in 1978. Under their joint direction, the company’s portfolio expanded dramatically, achieving extraordinary returns over many years. Berkshire Hathaway has become famous for holding some of the world’s most valuable brands and businesses, including Duracell, alongside controlling stakes in American Express, Coca-Cola, Apple, and Bank of America.
Buffett’s net worth has long been estimated in the tens of billions, with Munger also accumulating substantial wealth. Both men have donated significant portions to charitable causes, with a focus on education and philanthropy that helped fund foundations, scholarships, and public institutions around the United States and Canada.
Earlier this year, Munger warned about the volatility of cryptocurrency markets, expressing skepticism about their long-term value. His commentary reflected a pragmatic view of emerging tech assets and their role in portfolios managed for long-term stability.
During Buffett’s tenure, the group’s diversified operations have benefited from insurance, energy, manufacturing, and consumer businesses, contributing to a record of profitability and resilience. The leadership partnership fostered a culture of discipline, frugality, and long-range planning that remains a model for many executives and investors alike.
In reflecting on the partnership, industry analysts highlight Munger’s sharp intellect and rigorous thinking as essential complements to Buffett’s investing instincts. Together, they built a franchise known for prudent risk management and a clear, value-oriented investment philosophy that has influenced countless investors and corporate leaders around the world.