Charlie Munger — Berkshire Hathaway Inc.

Chairman, Daily Journal Corp. Vice Chairman,

THE LATEST: The 97-year-old renowned investor and partner of Warren Buffet remains active in the business world as both chairman of downtown-based Daily Journal Corp. and as vice chairman of Berkshire Hathaway. At the Daily Journal’s annual shareholders meeting in February 2021, Munger warned that buying stocks on credit is a “very dangerous way to invest.” As for special purpose acquisition companies, or SPACs, Munger said he thinks “the world would be better off without them.” He also said that this “crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble.”
BACKGROUND: In addition to his role as vice chairman of Berkshire Hathaway since 1978, Munger is a director at Costco Wholesale Corp. He was chairman and chief executive of Wesco Financial Group from 1984 to 2011. Before becoming an investor and businessman, Munger co-founded L.A.-based law firm Munger Tolles & Olson. He sits on the board of Good Samaritan Hospital and has given hundreds of millions of dollars to several universities to build dormitories and is active in helping design the buildings.
YEARS ON THE LA500: 6
Return to the 2021 edition of the LA500.