Billionaire Charlie Munger, has died at the age of 99. Munger was the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway.
Berkshire Hathaway announced Munger’s death on Tuesday via a press release from Berkshire Hathaway.
Munger was also a real estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect.
Munger was chairman and CEO of Wesco Financial from 1984 to 2011. Buffett credited Munger with broadening his investment strategy from favoring troubled companies at low prices in hopes of getting a profit to focusing on higher-quality but underpriced companies.