Buffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'

CNBC2021-06-30

Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a ...

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Comments

Leo07
2021-06-30
Leo07
?
Ultraviolet
2021-06-30
Ultraviolet
Agree with this
- 股神在此实在必胜:
  like
- heyheyhey88:
  Like
Ultraviolet
2021-06-30
Ultraviolet
Helloo
Zhiwei996
2021-06-30
Zhiwei996
Woah
JQ62
2021-06-30
JQ62
Like and comment
- heximania:
  sure
Angel83
2021-06-30
Angel83
Like
- WendyGoh:
  Ok
- Milankaka:
  [Miser]

Leave a comment

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It happened over dinner two years later, in 1959, when Munger, then a lawyer in Los Angeles, was back in Omaha after his father, Alfred, died.\n“About five minutes into it, Charlie was sort of rolling on the floor laughing at his own jokes, which is exactly the same thing I did,” Buffett, 90, said. “I thought, ‘I’m not going to find another guy like this.’ And we just hit it off.”\n“We got along fine,” Munger, 97, said, adding: “What I like about Warren is the irreverence. We don’t have automatic reverence for the pompous heads of all civilization.”\nTheir friendship and business relationship blossomed from there, as Buffett continued building his investment firm and Munger toiled in law.\nIn the early 1960s, Munger said he finally heeded Buffett’s advice about his career path. “It took me a long time to wise up that [Buffett] had a better way of making a living than I did. But he finally convinced me that I was wasting my time.”\nMunger started his own investment firm, which would go on to post an average annual compound rate of 19.8% between 1962 and 1975, far better than theDow Jones Industrial Average’s 5% over that span, according to Buffett’s famous 1984 essay,“The Superinvestors of Graham-and-Doddsville.”\nBuffett said he remembers having long phone conversations with Munger back then. Added Munger: “We had fun in the early days because it was like hunting expeditions.”\nBuffett began to buy shares of Berkshire Hathaway in 1962, ultimately taking control of the company three years later and building it into the influential conglomerate it is today. He serves as chairman and CEO.\nIn 1978, Munger became vice chairman of Berkshire Hathaway, a position he still holds.\n“I just knew instantly Charlie was the kind of guy that I was going to like, and I was going to learn from,” Buffett said, reflecting on their initial meeting. “You know, it wasn’t anything calculated, a decision or anything like that. It was natural. And we have had nothing but 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