- ORIGINAL NEWS
Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute
- SUMMARY
Warren Buffett penned an endearing tribute to his late business partner, Charlie Munger, in his annual letter.
He hailed Munger as the architect of Berkshire Hathaway’s success, with Buffett playing the role of general contractor.
Munger’s role in shaping Berkshire’s growth and guiding Buffett’s investment strategy was substantial.
Buffett recalled how Munger advised him to shift from acquiring companies like Berkshire, then a textile mill, to seeking wonderful businesses at fair prices.
This led to Berkshire’s transformation into the sprawling conglomerate worth $900 billion today.
Munger’s mentorship and guidance over the years helped Buffett refine his investment approach and achieve remarkable success.
Buffett expressed gratitude for Munger’s partnership and credited him for the incredible heights Berkshire has reached.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect of today’s Berkshire Hathaway.”
“Charlie was the ‘architect’ of the present Berkshire, and I acted as the ‘general contractor’ to carry out the day-by-day construction of his vision,”
“Charlie never sought to take credit for his role as creator but instead let me take the bows and receive the accolades.”
“Munger instilled a blueprint in Buffett to transform Berkshire.”
“Working with Munger in running Berkshire helped Buffett stay sane and avoid old habits.”
“Berkshire has become a great company.”
Negative
“Munger died in November, about a month shy of his 100th birthday.”