Charlie Munger on the Berkshire Hathaway press convention on April 30, 2022.
CNBC
The investing group misplaced one in every of its pillars Tuesday with the loss of life of Berkshire Hathaway vice chair Charlie Munger, based on Ariel Investments’ Charles Bobrinskoy.
He was a “true grasp of investing,” Bobrinskoy, the agency’s vice chair, stated on CNBC’s “Closing Bell: Time beyond regulation” shortly after Munger handed away Tuesday. “He was a extremely necessary voice in worth investing and all investing.”
“He was a voice in opposition to fraud. He was a voice in opposition to irrational exercise. He was a voice of purpose. He was proper there with Warren Buffett all through all the nice Berkshire Hathaway years,” Bobrinskoy added.
Munger was 99 years outdated. Thought-about by many to be an investing genius, Buffett credited him with broadening his deal with discovering high-quality corporations that have been undervalued relatively than shopping for struggling ones in hopes of turning a revenue.
For extra on Munger’s life, see our full obituary of the investing legend.