Here is a look at the life of Charles “Charlie” Munger, business partner of Warren Buffett.
Birth date: January 1, 1924
Birth place: Omaha, Nebraska
Birth name: Charles Thomas Munger
Father: Alfred C. Munger, lawyer
Mother: Florence “Toody” (Russell) Munger
Marriages: Nancy (Barry) Munger, (1956-February 6, 2010, her death); Nancy (Huggins) Munger (divorced in 1953)
Children: with Nancy B. Munger: Charlie Jr., Emilie, Barry and Philip; with Nancy H. Munger: Wendy, Molly and Teddy (deceased, leukemia, age 9)
Education: Attended the University of Michigan and California Institute of Technology. Harvard University, J.D., 1948
At Caltech, he studied physics to become a meteorologist for the US Army Air Corps.
Munger entered law school without an undergraduate degree and graduated magna cum laude.
Known for using the term “lollapalooza effect” - “when anywhere from 2 to 4 forces all are driving investment in the same direction.”
1959 - Meets Warren Buffett at a dinner party.
1962-1975 - Operates Wheeler, Munger and Company, an investment counseling firm.
1965 - Stops practicing law.
1978-present - Vice chairman of Berkshire Hathaway.
January 1984-2011 - Chairman of the board and CEO of Wesco Financial Corporation.
May 2014 - According to Berkshire’s proxy statement, Munger has not received a raise in more than 25 years.
February 2015 - Munger reflects on 50 years of success at Berkshire Hathaway in the annual letter to shareholders.