Wednesday, September 3, 2008

Value Talk: Buffett’s Partner, Charlie Munger

(Guru Focus-Charles Mizrahi) A graduate of Harvard Law School, Charlie Munger was given some solid advice by Warren Buffett, who said that law was fine as a hobby, but he could do better. A few years later, Munger left his law firm and started investing. Today he works with Buffett as vice chairman of Berkshire Hathaway. His net worth is about $1.6 billion. He guided Buffett from a pure Graham style of investing, which looked only at the financials of a company, to focus more on the quality of the business. Buffett gives him the credit for much of the enormous success of Berkshire Hathaway and always refers to Munger as “my partner.”

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