Charlie Munger, the sharp-witted vice-chair of Berkshire Hathaway and investment partner of Warren Buffett, died at the age of 99 on Tuesday morning at a California hospital, the US investment conglomerate said in a statement.
Munger, a trained lawyer whose name still sits atop of Los Angeles law firm Munger, Tolles & Olson, was instrumental in turning Berkshire into the investment powerhouse it is today.
Buffett, Berkshire’s chief executive, said in a short statement that the company “could not have been built to its present status without Charlie’s inspiration, wisdom and participation”.
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