Charlie Munger– vice chairman of American insurance coverage giant Berkshire Hathaway– died in Los Angeles on Tuesday at the age of 99, according to a business statement.
- The company stated that it was encouraged of Munger’s death by members of his household, who state he died quietly on the early morning of November 28 in a California healthcare facility.
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“Berkshire Hathaway might not have actually been developed to its present status without Charlie’s motivation, knowledge, and involvement,” stated Warren Buffet, CEO of Berkshire Hathaway, concerning his death.
- Like Buffet, Munger was infamously bearish on crypto, and popular as one of the leading voices promoting that Bitcoin (BTC) be prohibited in the United States.
- Amongst his chief criticisms were that the possession benefits “abductors” which it is damaging to the interests of the United States. He when compared it to kid porn.
- In an interview with the Wall Street Journal previously this month, he called Bitcoin a “stinkball” tossed into a long-working dish for producing strong currencies.
- Amongst Munger’s primary financial investment concepts were for financiers to purchase things they comprehend, and purchase companies with resilient competitive benefits run by leaders with stability.
