Warren Buffett Pays Tribute to Charlie Munger in Annual Shareholder Letter
In his first annual letter to shareholders since the passing of Charlie Munger, Warren Buffett has paid tribute to his longtime business partner and friend. Buffett described Munger as the “architect” of Berkshire Hathaway, the conglomerate they built together over several decades.
Buffett compared their relationship to that of an older brother and a loving father, emphasizing the deep bond they shared both personally and professionally. He urged investors to focus on Berkshire’s operating earnings rather than bottom line figures, cautioning against trying to predict eye-popping performance from the company’s stock price.
Despite Munger’s passing in November at age 99, Buffett expressed confidence in Vice Chairman Greg Abel as his successor. Munger leaves behind a legacy at Berkshire Hathaway as a real estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist, and an architect.
The annual shareholder letter serves as a reminder of the lasting impact Munger had on Berkshire Hathaway and the financial world as a whole. Buffett’s tribute underscores the importance of their partnership and the invaluable contributions Munger made to the company’s success. As Berkshire Hathaway moves forward, the legacy of Munger will continue to be felt in the decisions and direction of the company.
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