November 29th 2023.
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It is with great sadness that we announce the passing of Charlie Munger, a close confidant and business associate of Warren Buffett, on Tuesday at the age of 99. For nearly six decades he served as a source of inspiration, wisdom, and participation, helping to transform Berkshire Hathaway Inc. from a struggling textile manufacturer into a formidable empire.
As confirmed by the company's statement, Charlie Munger peacefully died this morning at a California hospital. The family was informed of his passing and Warren Buffett, CEO of Berkshire Hathaway, had this to say in a statement: “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.”
Berkshire Hathaway is a conglomerate that participates in a wide array of business ventures such as insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retail, and services. The company's common stock is traded on the New York Stock Exchange under the symbols BRK.A and BRK.B.
The loss of Charlie Munger leaves a hole not just in the hearts of Warren Buffett and the family, but in the larger community of Berkshire Hathaway. He will be remembered as a visionary, business leader, and mentor.
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