Charles Munger, Legendary Investor and Cryptocurrency Skeptic, Dies at 99

Join us in honoring Charles Munger, Berkshire Hathaway's esteemed Vice Chairman, who passed away at 99.

A legendary figure in the investment world and a renowned cryptocurrency skeptic, Munger leaves behind a legacy of wisdom and memorable quotes that continue to inspire many.

Charles Munger Passes Away at 99, Berkshire Hathaway Announces

Berkshire Hathaway announced on November 28, 2023, that Charles Munger, the company's Vice Chairman, passed away at the age of 99.

Charlie Munger, known as a legendary investor, was a vital colleague of Berkshire Hathaway's CEO, Warren Buffett, and had a relationship spanning over 60 years with him.

According to Berkshire Hathaway's official statement, the company was informed by Munger's family that "he peacefully passed away this morning in a hospital in California." Warren Buffett commented on his passing.

Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.

The Legacy of a Legendary Investor: Charles Munger's Famous Quotes

Charles Munger, with an estimated net worth of about $2.3 billion, was a famous investor and billionaire known for his various memorable quotes.

"Success means patiently waiting, and when the time comes, being proactive."

"Don't try to buy a company there at a discount; buy a great company at a fair price."

"The more the stock price falls, the more the wrong price range grows. These phases are the moments when the odds are in your favor and you should not hesitate to buy."

"The only thing you have to be careful of is not to do anything stupid."

"Waiting is a great help to investors. Many people cannot wait."

"The three things that can ruin a person are drugs, alcohol, and leverage."

- Charles Munger

He was widely recognized as a "skeptical figure towards cryptocurrencies."

In July 2022, he remarked that he avoided cryptocurrencies "like a sewer full of evil creatures," and last month, he expressed his belief that "most cryptocurrencies will become worthless."