In this articleBRK.AFollow your favorite stocksCREATE FREE ACCOUNTWarren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty ImagesCharlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history.It was a special relationship.At age 35, Munger was introduced to the then-29-year-old Buffett in Omaha. The two started working together and ended up transforming Berkshire Hathaway from a small textile mill into a $785 billion multifaceted juggernaut. The journey to their unparalleled success was full of learning, experience and laughter, but never an argument.”Charlie and I have never had an argument,” Buffett said in 2014. “We’ve disagreed on a lot of things. And it’s just never led, and never will, lead to an argument. We argue with other people.”Buffett said when they did have a differing view, Munger, who died Tuesday just one month shy of his 100th birthday, would say “well, you’ll end up agreeing with me because you’re smart and I am right.”‘We think alike’As often shown in interviews and shareholder meetings, they shared a similar, quirky sense of humor and enjoyed occasionally poking fun at each other. Compared to Buffett’s folksy image, Munger often spoke bluntly, sprinkling witty zingers that his followers adored.”Most of the time, we think alike,” Munger said in 2014. “That’s one of the problems. If one of us misses it, the other is likely to, too.”In 2010, when Munger had to miss a special Berkshire shareholder meeting, Buffett brought on stage a cardboard cutout of his righthand man, mimicking “I couldn’t agree more” in Munger’s voice.”It is almost hilarious. It’s been so much fun,” Munger said of his partnership with Buffett.Munger’s Costco obsessionOn the rare occasions they disagreed, the two icons dealt with it by wielding laughter. One example was Munger’s love and obsession over Costco, a big box retailer Buffett never really favored.During Berkshire’s 2011 annual meeting, Buffett made up a scenario involving airplane hijackers asking about his and Munger’s last requests on earth.”The hijackers picked us out as the two dirty capitalists that they really had to execute,” he said. “They didn’t really have anything against us, so they said that each of us would be given one request before they shot us.””Charlie said, ‘I would like to give, once more, my speech on the virtues of Costco — with illustrations.’ The hijacker said, ‘Well, that sounds pretty reasonable to me.’ He turned to me and said, ‘And what would you like, Mr. Buffett?’ And I said, ‘Shoot me first,'” Buffett said, sparking gales of laughter from shareholders.Charles Munger and Warren Buffet faces in Berkshire Hathaway T-Shirts at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.David A. Grogan | CNBCMunger broadened Buffett’s approachEarly in their careers, Munger broadened Buffett’s investing approach from buying dirt cheap, “cigar-butt” companies that might still have a little smoke left in them, to instead focusing on quality companies selling at fair prices.”He actually hit me over the head with a two …
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[mwai_chat context=”Let’s have a discussion about this article:nnIn this articleBRK.AFollow your favorite stocksCREATE FREE ACCOUNTWarren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty ImagesCharlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history.It was a special relationship.At age 35, Munger was introduced to the then-29-year-old Buffett in Omaha. The two started working together and ended up transforming Berkshire Hathaway from a small textile mill into a $785 billion multifaceted juggernaut. The journey to their unparalleled success was full of learning, experience and laughter, but never an argument.”Charlie and I have never had an argument,” Buffett said in 2014. “We’ve disagreed on a lot of things. And it’s just never led, and never will, lead to an argument. We argue with other people.”Buffett said when they did have a differing view, Munger, who died Tuesday just one month shy of his 100th birthday, would say “well, you’ll end up agreeing with me because you’re smart and I am right.”‘We think alike’As often shown in interviews and shareholder meetings, they shared a similar, quirky sense of humor and enjoyed occasionally poking fun at each other. Compared to Buffett’s folksy image, Munger often spoke bluntly, sprinkling witty zingers that his followers adored.”Most of the time, we think alike,” Munger said in 2014. “That’s one of the problems. If one of us misses it, the other is likely to, too.”In 2010, when Munger had to miss a special Berkshire shareholder meeting, Buffett brought on stage a cardboard cutout of his righthand man, mimicking “I couldn’t agree more” in Munger’s voice.”It is almost hilarious. It’s been so much fun,” Munger said of his partnership with Buffett.Munger’s Costco obsessionOn the rare occasions they disagreed, the two icons dealt with it by wielding laughter. One example was Munger’s love and obsession over Costco, a big box retailer Buffett never really favored.During Berkshire’s 2011 annual meeting, Buffett made up a scenario involving airplane hijackers asking about his and Munger’s last requests on earth.”The hijackers picked us out as the two dirty capitalists that they really had to execute,” he said. “They didn’t really have anything against us, so they said that each of us would be given one request before they shot us.””Charlie said, ‘I would like to give, once more, my speech on the virtues of Costco — with illustrations.’ The hijacker said, ‘Well, that sounds pretty reasonable to me.’ He turned to me and said, ‘And what would you like, Mr. Buffett?’ And I said, ‘Shoot me first,'” Buffett said, sparking gales of laughter from shareholders.Charles Munger and Warren Buffet faces in Berkshire Hathaway T-Shirts at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska.David A. Grogan | CNBCMunger broadened Buffett’s approachEarly in their careers, Munger broadened Buffett’s investing approach from buying dirt cheap, “cigar-butt” companies that might still have a little smoke left in them, to instead focusing on quality companies selling at fair prices.”He actually hit me over the head with a two …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
