2024-02-29 13:03:58
New Delhi: Hardly any company has done as much earning as Berkshire Hathaway has given to its investors. The world credits Warren Buffet behind this. He is considered like Arjun in the world of investment. His every aim is absolutely accurate. However, Buffett, whom the world considers ‘Arjun’, has said that the real hero was Charlie Munger. Veteran investor Warren Buffet has paid tribute to his long-time partner Charlie Munger in his annual letter to shareholders. This letter is emotional. In this, Buffett has described Munger as the ‘architect’ of Berkshire Hathaway. Berkshire Hathaway is an American multinational company. Its headquarters is in Omaha. It is the parent firm of several subsidiaries across industries including insurance, railways, energy, manufacturing and consumer goods. Berkshire Hathaway is one of the most successful companies in the world. Charlie Munger is no more in this world. He passed away on November 28 last year, just 33 days before his 100th birthday. Buffett compared Hathaway to a great building. He acknowledged that if he was in charge of the construction crew building this building then Munger should always be credited as the builder.
Buffett remembered the humility of Charlie Munger
Buffett has greatly praised Munger’s humility. He said that Munger never asked for credit for his role. Buffett described their relationship as that of an elder brother and loving father, with Munger guiding him. Didn’t remind them of their mistakes.
Who was Charlie Munger whom Warren Buffet has not been able to forget?
Munger worked as a vice chairman of Berkshire Hathaway. Warren Buffett met him in 1959 when he was 35 years old. Charlie Munger remained Buffett’s companion for years. Helped them stay grounded. With their support, Buffett achieved success that he had never imagined.
Some of Berkshire Hathaway’s largest subsidiaries include Gecko, BNSF Railway, Coca-Cola, Kraft Heinz, American Express, and Well Point. In his annual letter, Buffett advised shareholders not to listen to Wall Street experts or financial advisors, who often urge them to trade stocks.