Charles T. Munger, vice chairman of Berkshire Hathaway, has been Warren Buffett’s sidekick since 1959. While Buffett made a name for himself as a statesmanlike critic of inept auditors, see-no-evil regulators, fee-gouging money managers and greedy CEOs, Munger gradually emerged from Buffett’s shadow to tongue-lash those same targets mercilessly.
Li Lu , the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett ’s investment company to make more deals outside the U.S. if he takes a role at the company.
Warren Buffett moved one step closer to completing his succession plan, naming a Connecticut hedge fund manager with insurance experience to run a “significant portion” of Berkshire Hathaway Inc.’s investment portfolio .
Charles Munger , the billionaire vice chairman of Berkshire Hathaway Inc. , defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.”
Long ago when I was a young reporter covering the Arkansas legislature for the local paper in Little Rock, there was a line I’d hear in the hallways periodically about the prevailing moral standard some lawmakers lived by when doing the people’s business, called “the do-right rule.”