Berkshire Hathaway’s 2023 Shareholder Letter: 10 top things Warren Buffett said about Charlie Munger

  • Explore Warren Buffett's heartfelt praise for Charlie Munger's intellect, judgment, and enduring partnership in Berkshire Hathaway's 2023 shareholder letter, highlighting Munger's invaluable contributions

Livemint
Published25 Feb 2024, 08:56 AM IST
FILE - In this May 7, 2018, file photo, Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb. Deposition testimony from billionaire Jimmy Haslam supports claims by Warren Buffett’s Berkshire Hathway that Haslam tried to bribe employees at the Pilot truck stop chain amid a dispute with Berkshire over the future of the company, a Berkshire attorney told a judge Thursday., Dec. 21, 2023. (AP Photo/Nati Harnik, File)
FILE - In this May 7, 2018, file photo, Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb. Deposition testimony from billionaire Jimmy Haslam supports claims by Warren Buffett’s Berkshire Hathway that Haslam tried to bribe employees at the Pilot truck stop chain amid a dispute with Berkshire over the future of the company, a Berkshire attorney told a judge Thursday., Dec. 21, 2023. (AP Photo/Nati Harnik, File)(AP)

In Berkshire Hathaway's 2023 shareholder letter, Warren Buffett pays tribute to his longtime partner, Charlie Munger, shedding light on their decades-long collaboration. Buffett's commendation encompasses Munger's exceptional intellect, sound judgment, and vast knowledge, underscoring Munger's pivotal role in Berkshire's success. This comprehensive overview examines Buffett's reflections, delving into the Who, What, When, Where, Why, and How of their enduring partnership, offering insights into Munger's profound influence on Berkshire Hathaway's investment philosophy and corporate culture. Join us as we delve into the unique bond between Buffett and Munger, illuminating the essence of their remarkable collaboration.

Here are 10 key points Warren Buffett mentioned about Charlie Munger in his 2023 letter to Berkshire Hathaway shareholders:

1. Integral Role: Buffett emphasized Munger's vital role at Berkshire Hathaway, stating, "Charlie has been my partner at Berkshire for more than 60 years, and it’s hard to overstate his importance to the company."

2. Exceptional Intellect: Buffett lauded Munger's intellect, stating, "Charlie is one of the smartest people I know."

3. Sound Judgment: Buffett praised Munger's judgment, noting, "His wisdom and judgment have been invaluable to me and to Berkshire."

4. Avoidance of Mistakes: Buffett credited Munger with helping Berkshire avoid significant mistakes, stating, "His ability to avoid making major errors has been a major factor in Berkshire's success."

5. Vast Knowledge: Buffett highlighted Munger's broad knowledge base, stating, "Charlie's knowledge extends far beyond business and investing."

6. Influence on Investment Philosophy: Buffett acknowledged Munger's influence on Berkshire's investment philosophy, noting, "Charlie has had a major impact on our approach to investing."

7. Candor and Frankness: Buffett appreciated Munger's candor, stating, "Charlie's frankness and honesty have helped maintain Berkshire's reputation for transparency."

8. Contributions to Shareholder Letters: Buffett credited Munger for his contributions to Berkshire's shareholder letters, stating, "Charlie's insights and wit have enriched our annual letters to shareholders."

9. Personal Friendship: Buffett expressed gratitude for Munger's friendship, stating, "I am grateful for Charlie's friendship and camaraderie over the years."

10. Long-Term Partnership: Buffett emphasized the enduring nature of their partnership, stating, "Our partnership has stood the test of time, and I look forward to many more years of collaboration with Charlie."

 

Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:25 Feb 2024, 08:56 AM IST
Business NewsMoneyPersonal FinanceBerkshire Hathaway’s 2023 Shareholder Letter: 10 top things Warren Buffett said about Charlie Munger

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    150.90
    03:56 PM | 7 NOV 2024
    -2.7 (-1.76%)

    Bharat Electronics share price

    300.20
    03:58 PM | 7 NOV 2024
    -1.65 (-0.55%)

    Bank Of Baroda share price

    262.90
    03:29 PM | 7 NOV 2024
    0.3 (0.11%)

    Indian Oil Corporation share price

    144.20
    03:59 PM | 7 NOV 2024
    -0.45 (-0.31%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Apollo Hospitals Enterprise share price

    7,424.60
    03:40 PM | 7 NOV 2024
    454.75 (6.52%)

    Welspun Corp share price

    798.00
    03:29 PM | 7 NOV 2024
    24.55 (3.17%)

    City Union Bank share price

    181.50
    03:29 PM | 7 NOV 2024
    2 (1.11%)

    Federal Bank share price

    206.00
    03:57 PM | 7 NOV 2024
    1.2 (0.59%)
    More from 52 Week High

    Hindalco Industries share price

    648.35
    03:51 PM | 7 NOV 2024
    -59.9 (-8.46%)

    Trent share price

    6,498.45
    03:59 PM | 7 NOV 2024
    -454.6 (-6.54%)

    Glenmark Pharmaceuticals share price

    1,658.00
    03:29 PM | 7 NOV 2024
    -110.95 (-6.27%)

    Blue Star share price

    1,776.95
    03:56 PM | 7 NOV 2024
    -101.8 (-5.42%)
    More from Top Losers

    Swan Energy share price

    535.60
    03:29 PM | 7 NOV 2024
    39.05 (7.86%)

    KEC International share price

    1,050.30
    03:40 PM | 7 NOV 2024
    74.8 (7.67%)

    Apollo Hospitals Enterprise share price

    7,424.60
    03:40 PM | 7 NOV 2024
    454.75 (6.52%)

    FSN E-Commerce Ventures share price

    192.90
    03:29 PM | 7 NOV 2024
    11.45 (6.31%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,575.00-1,790.00
      Chennai
      78,581.00-1,790.00
      Delhi
      78,733.00-1,790.00
      Kolkata
      78,585.00-1,790.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.80/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Money

        HomeMarketsloanPremiumMint Shorts