Saturday, September 7, 2024

Charlie Munger

 Charlie Munger (born January 1, 1924) is an American businessman, investor, and philanthropist.



1996:


- Munger becomes Vice Chairman of Berkshire Hathaway, Warren Buffett's conglomerate.

- Berkshire's market value surpasses $100 billion.


1997:


- Munger delivers a speech at Harvard Law School, emphasizing the importance of multidisciplinary thinking.

- Berkshire acquires GEICO insurance company for $2.3 billion.


1998:


- Munger invests in Blue Chip Stamps, a Berkshire subsidiary.

- Berkshire's net worth grows to $120 billion.


1999:


- Munger is named one of the most influential people in finance by Forbes.

- Berkshire acquires Jordan's Furniture for $150 million.


2000:


- Munger delivers a speech at the University of Southern California, discussing the importance of ethics in business.

- Berkshire invests $500 million in Level 3 Communications.


2001:


- Munger emphasizes the dangers of excessive leverage and derivatives.

- Berkshire acquires Shaw Industries for $2.1 billion.


2002:


- Munger's net worth grows to $1.3 billion.

- Berkshire invests $1.2 billion in Fruit of the Loom.


2003:


- Munger delivers a speech at the Harvard Law School, discussing the psychology of human misjudgment.

- Berkshire acquires Clayton Homes for $1.7 billion.


2004:


- Munger's net worth reaches $2.5 billion.

- Berkshire invests $1.3 billion in Anheuser-Busch.


2005:


- Munger donates $43 million to the University of Michigan.

- Berkshire acquires PacifiCorp for $5.1 billion.


2006:


- Munger emphasizes the importance of discipline and patience in investing.

- Berkshire invests $4 billion in POSCO, a South Korean steel company.


2007:


- Munger delivers a speech at the University of California, discussing the dangers of groupthink.

- Berkshire acquires Marmon Group for $4.5 billion.


2008:


- Munger's net worth declines to $1.3 billion due to the global financial crisis.

- Berkshire invests $5 billion in Goldman Sachs and $3 billion in General Electric.


2009:


- Munger emphasizes the importance of adaptability in investing.

- Berkshire acquires Burlington Northern Santa Fe for $26.5 billion.


2010:


- Munger's net worth grows to $1.8 billion.

- Berkshire invests $3 billion in BYD Company, a Chinese electric car manufacturer.


2011:


- Munger delivers a speech at the University of California, discussing the importance of lifelong learning.

- Berkshire acquires Lubrizol for $9.7 billion.


2012:


- Munger's net worth reaches $2.5 billion.

- Berkshire invests $5.6 billion in IBM.


2013:


- Munger emphasizes the importance of a multidisciplinary approach to investing.

- Berkshire acquires H.J. Heinz Company for $23.3 billion.


2014:


- Munger's net worth grows to $3.3 billion.

- Berkshire invests $3.3 billion in Van Tuyl Group, an auto dealership chain.


2015:


- Munger delivers a speech at the Daily Journal Corporation meeting, discussing the importance of ethics and integrity.

- Berkshire acquires Precision Castparts for $37.2 billion.


Please note that this biography focuses on Charlie Munger's professional life and investments from 1996 onwards. If you'd like more information or earlier years, feel free to ask!

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