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Charlie Munger, Longtime Confidante of Warren Buffett, Delivers Blow to Berkshire Hathaway
November 28, 2022 (Reuters) – Charles Munger, the trusted confidante of investment guru Warren Buffett, passed away on Tuesday at the age of 99. His passing has left a significant void at Berkshire Hathaway (BRKa.N), with investors declaring that his absence would be deeply felt despite the conglomerate’s well-established succession plan.

The company announced that Munger died peacefully at a hospital in California, where he had been residing. No specific cause of death was provided by Berkshire, and it was noted that Munger would have turned 100 on January 1.

Warren Buffett, the 93-year-old chairman and CEO of Berkshire, shared that Berkshire Hathaway would not have reached its present stature without Charlie’s inspiration, wisdom, and active participation. Munger had been serving as the vice chairman of Berkshire since 1978, and his death marks the end of an era in corporate America and the world of investing.

Munger, known for his close association with Buffett, was revered by investors globally, many of whom would gather at Berkshire’s annual shareholder weekends in Omaha, Nebraska, to garner insights on investing and life from him and Buffett. While Munger was not directly involved in the daily operations of Berkshire, his passing leaves a considerable absence, and investors expressed their mourning and sorrow over the loss.

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