(ft.com) Wesco Financial’s Pasadena headquarters are a blur of earth tones and cloudless sky. Bathed in southern California sun, the offices hold a glow befitting the gilded career of the company’s chairman, Charlie Munger.
Mr Munger, best known as business partner to Warren Buffett, head of Berkshire Hathaway, is settled deep into his chair. His lips stretched to a thin smile, the 85-year-old billionaire peers through thick glasses.
Over the years, generations of investors, chief executives and journalists have wondered why Mr Munger has stayed happily in the background for almost half a century as Mr Buffett forged a reputation as the world’s greatest stock-picker.
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Maybe Mr. Munger doesn't mind the lack of spotlight because he's used to working in obscurity, and likes it. Berkshire itself was quite obscure in the 1970s: during that decade, the only financial journalist who wrote about him was 'Adam Smith' [Jerome Goodman]. That because Mr. Goodman had gone to visit Ben Graham himself, and got Warren Buffett's name from the old Dean.
I think the ability to thrive in obscurity is a success requirement for value investors, generally.
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