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The folksy wit of Charlie Munger in 8 memorable quotes

Warren Buffett's longtime sidekick at Berkshire Hathaway has died at the age of 99

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Charlie Munger sits for an interview in a suit, striped shirt, and red striped and blue polka-dotted tie
Photo: Nati Harnik (AP)

Charlie Munger, the longtime vice chair of Berkshire Hathaway, has died at 99. Once described by Bill Gates as “the broadest thinker I have ever encountered,” Munger seemed largely content to let his friend and business partner Warren Buffett absorb the spotlight at Berkshire’s annual shareholder gatherings in Omaha, where he was famous for saying “I have nothing to add” after Buffett fielded question after question from investors.

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But Munger was no wallflower. In particular, at annual shareholder meetings of the Daily Journal Corp., the newspaper publishing company he chaired from 1977 through 2022, Munger was known to hold court and put his folksy wit and whimsy on display.

Look back with us at some of his notable, quotable commentary about life, business, and the only person besides Buffett he ever claimed to trust with his money.

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On cryptocurrencies, back in 2018

On cryptocurrencies, back in 2018

“To me, it’s just dementia. It’s like somebody else is trading turds and you decide you can’t be left out.”

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Read more: Charlie Munger compares cryptocurrencies to “turds” and “dementia”

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On Elon Musk, back in 2019

On Elon Musk, back in 2019

“I haven’t the faintest idea how Elon Musk will turn out, but he has a considerable chance of success and considerable chance of failure. He seems to like it that way.”

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Read more: Charlie Munger offers advice on hiring—and a dig at Elon Musk

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On Donald Trump’s ascendance to the White House, back in 2017

On Donald Trump’s ascendance to the White House, back in 2017

“He’s not wrong on everything. And just because he isn’t like us, roll with it. If there’s a little danger, what the hell, you’re not going to live forever anyway.”

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Read more: Chill out about Trump because life is short, says Warren Buffett’s 93-year-old investing partner

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On how the UK would cope with Brexit

On how the UK would cope with Brexit

“It just strikes me as a horrible problem and I’m glad it’s theirs, not mine.”

Read more: A British lord asked for Warren Buffett’s help in solving Brexit

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On why Sarah Bush Johnston Lincoln is one of the historical figures he admired most

On why Sarah Bush Johnston Lincoln is one of the historical figures he admired most

“You know who deserves the credit for Abraham Lincoln, and never gets it? His stepmother.”

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Read more: Charlie Munger wants you to know about Abraham Lincoln’s stepmother

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On the art of selecting a spouse

On the art of selecting a spouse

“We all know people who are outmarried—their spouses are so much better. Think what a good decision that was for them, and what a lucky decision. Way more important than money. And a lot of them did it when they were young. Just stumbled into it. Now—you don’t have to stumble into it. You can be very careful. A lot of people are wearing signs: Danger, Danger, do not touch. And people just charge right ahead. That’s a mistake.”

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Read more: For Valentine’s Day, a 95-year-old billionaire’s advice on finding the perfect partner

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On why he started investing with money manager Li Lu in the mid-aughts

On why he started investing with money manager Li Lu in the mid-aughts

“He’s partly a Chinese Warren Buffett. That really helps. Partly, he’s fishing in China—not in this over-searched, over-populated, highly competitive American market.”

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Read more: The only person besides Warren Buffett who Charlie Munger trusts with his money

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On the value of surrounding yourself with people who are more successful than you

On the value of surrounding yourself with people who are more successful than you

“If this gives you a little temporary unpopularity with your peer group, the hell with ’em.”

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Read more: A fan paid $3 million for a lunch with Warren Buffett—but you can get his best advice for free











































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