Munger’s death marks the beginning of the end of an entire era

Nothing lasts forever – Charlie Munger, one of the world’s most famous investors, died this week at the age of 99.

He has long been one of the biggest legends of the investment world Berkshire Hathaway manager Warren Buffett (Warren Buffett) business partner and vice president of the mentioned company.

Considering that his death marks the beginning of the end of an entire era, when the greatest investment legends quoted in smart presentations and publications begin to step down from the stage, this event also In the Investors Club I would like to add some additional words. After all, his partnership with Buffett can be considered the most successful long-term investment success in history. Since 1965 until this year Berkshire the stock has increased by a phenomenal 20% on average per year. This has been roughly twice as fast a run as the total Standard & Poor’s 500 for the stock index. Accordingly, this has cemented the fame of both Buffett and Munger.

Munger himself has never been shy about expressing his opinion without any big filters or worrying about the consequences. He was known for his frank, witty and sometimes sharp, uncomfortable and even, as they say, pathologically direct and blunt comments about the order of things in the world and, of course, in the investment field. It is not for nothing that his relatively simple, clearly and concisely presented comments, which accurately describe complex business concepts, can often be found in various generally recognized books of the financial world.

With Muger’s death, the world’s financial media hastened to collect at least a small part of his sayings about investing and the values ​​of life as such. One can only guess what such an avalanche will be like when Buffett himself passes away at some point.