Munger Dies at 99

Latest News

2023-11-29

Berkshire Hathaway's Charles Munger Passes Away: a Look Back at His Life

2023-11-29

After Munger's Death, Berkshire Succession Comes into Focus

2023-11-29

Final Thoughts From Charlie Munger on Warren Buffett, China, and the Big Costco Error

User Discussion

maricel

2023-12-05

Fun fact - Both of his wives are have the same name Nancy You know, I know what that means hahaha

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setia100

2023-11-29

Don't over react. Die rich or die poor, all ends up 6 feet underground & won't take along a single cent ❗ Enjoy life to the fullest when still alive is more meaningful 😜

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FAIM Capital

2023-11-29

I will missed him dearly...

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Black83black

2023-11-29

RIP

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AdelGYS

2023-11-29

My condolences to his family 🙏

Berkshire Hathaway's Charles Munger Passes Away: a Look Back at His Life

Billytoh

2023-11-29

RIP

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Invest7u

2023-11-29

Great summary by the team !

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CashPetty

2023-11-29

RIP 🙏

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Mkoh

2023-11-29

He left Berkshire in great shape. Up to Abel and Jain to prove their worth

After Munger's Death, Berkshire Succession Comes into Focus

ocean_wave

2023-11-29

RIP

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7mate34

2023-11-29

I'm confident there would be another "Munger" somewhere out there. Meantime, thanks Charlie for all your down to earth advice and one liner answer - Rest in Peace, sir.

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Arin1

2023-11-29

RIP what a legend

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Apdo77

2023-11-29

RIP bro ... See you someday in another world ! Till then take care!

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Joyce31

2023-11-29

Rip

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JohnL

2023-11-29

Rip legend

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Targarean

2023-11-29

RIP, Charlie 🙏

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Sandyboy

2023-11-29

Sad to hear that. RIP

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投资一族

2023-11-29

Rip

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have the same name Nancy You know, I know what that means hahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248552771580120","repostId":"1139614756","repostType":2,"isVote":1,"tweetType":1,"viewCount":963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246750703349824,"gmtCreate":1701263172269,"gmtModify":1701264682476,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567852837945728","authorIdStr":"3567852837945728"},"themes":[],"htmlText":"Don't over react. Die rich or die poor, all&nbsp;ends up 6 feet underground &amp; won't take along a single cent&nbsp;❗ Enjoy life to the fullest when still alive is more meaningful 😜","listText":"Don't over react. Die rich or die poor, all&nbsp;ends up 6 feet underground &amp; won't take along a single cent&nbsp;❗ Enjoy life to the fullest when still alive is more meaningful 😜","text":"Don't over react. Die rich or die poor, all ends up 6 feet underground & won't take along a single cent ❗ Enjoy life to the fullest when still alive is more meaningful 😜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246750703349824","repostId":"1139614756","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246737512665248,"gmtCreate":1701260134036,"gmtModify":1701260139066,"author":{"id":"3555123778137376","authorId":"3555123778137376","name":"FAIM Capital","avatar":"https://static.tigerbbs.com/659b1a8d517635366c69d3e6c439b9a5","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555123778137376","authorIdStr":"3555123778137376"},"themes":[],"htmlText":"I will missed him dearly...&nbsp;","listText":"I will missed him dearly...&nbsp;","text":"I will missed him dearly...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246737512665248","repostId":"1139614756","repostType":2,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246723204030624,"gmtCreate":1701256640716,"gmtModify":1701256644735,"author":{"id":"3576542985729070","authorId":"3576542985729070","name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576542985729070","authorIdStr":"3576542985729070"},"themes":[],"htmlText":"RIP","listText":"RIP","text":"RIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246723204030624","repostId":"1139614756","repostType":4,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246722807857200,"gmtCreate":1701256540878,"gmtModify":1701256544822,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581174525648411","authorIdStr":"3581174525648411"},"themes":[],"htmlText":"My condolences to his family 🙏","listText":"My condolences to his family 🙏","text":"My condolences to his family 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246722807857200","repostId":"1139614756","repostType":4,"repost":{"id":"1139614756","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1701255545,"share":"https://ttm.financial/m/news/1139614756?lang=&edition=fundamental","pubTime":"2023-11-29 18:59","market":"us","language":"en","title":"Berkshire Hathaway's Charles Munger Passes Away: a Look Back at His Life","url":"https://stock-news.laohu8.com/highlight/detail?id=1139614756","media":"Tiger Newspress","summary":"Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.He d","content":"<html><head></head><body>Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.He died on Tuesday at a California hospital, the company said in a statement. He was a longtime resident of Los Angeles. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in the statement.<img src=\"https://static.tigerbbs.com/e28561eee93a34a6bbe0f6902c6352c4\" tg-width=\"750\" tg-height=\"7019\"/><img src=\"https://static.tigerbbs.com/6e9b2b17d384ca31804cd6a434c7935c\" tg-width=\"750\" tg-height=\"2579\"/>A lawyer by training, Munger (rhymes with “hunger”) helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. Under their management, Berkshire averaged an annual gain of 20% from 1965 through 2022 — roughly twice the pace of the S&amp;P 500 Index. Decades of compounded returns made the pair billionaires and folk heroes to adoring investors.Munger was vice chairman of Berkshire and one of its biggest shareholders, with stock valued at about $2.2 billion. His overall net worth was about $2.6 billion, according to Forbes.At the company’s annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses. As Buffett’s fame and wealth grew — depending on Berkshire’s share price, he was on occasion the world’s richest man — Munger’s value as a reality check increased as well.“It’s terrific to have a partner who will say, ‘You’re not thinking straight,’” Buffett said of Munger, seated next to him, at Berkshire’s 2002 meeting. (“It doesn’t happen very often,” Munger interjected.) Too many CEOs surround themselves with “a bunch of sycophants” disinclined to challenge their conclusions and biases, Buffett added.For his part, Munger said Buffett benefited from having “a talking foil who knew something. And I think I’ve been very useful in that regard.”<h3 id=\"id_276028324\" style=\"text-align: start;\">Beyond Value</h3>Buffett credited Munger with broadening his approach to investing beyond mentor Benjamin Graham’s insistence on buying stocks at a fraction of the value of their underlying assets. With Munger’s help, he began assembling the insurance, railroad, manufacturing and consumer goods conglomerate that posted nearly $29 billion of operating profit in the first nine months of this year.“Charlie has always emphasized, ‘Let’s buy truly wonderful businesses,’” Buffett told the Omaha World-Herald in 1999.That meant businesses with strong brands and pricing power. Munger nudged Buffett into acquiring California confectioner See’s Candies Inc. in 1972. The success of that deal — Buffett came to view See’s as “the prototype of a dream business” — inspired Berkshire’s $1 billion investment in Coca-Cola Co. stock 15 years later.The acerbic Munger so often curbed Buffett’s enthusiasm that Buffett jokingly referred to him as “the abominable no-man.”At Berkshire’s 2002 meeting, Buffett offered a three-minute answer to the question of whether the company might buy a cable company. Munger said he doubted one would be available for an acceptable price.“At what price would you be comfortable?” Buffett asked.“Probably at a lower price than you,” Munger parried.<h3 id=\"id_1055707859\" style=\"text-align: start;\">Cardboard Cutout</h3>From Los Angeles, Munger spoke frequently by phone with Buffett in Omaha. Even when they couldn’t connect, Buffett claimed he knew what Munger would think. When Munger missed a special meeting of Berkshire shareholders in 2010, Buffett brought a cardboard cutout of his partner on stage and mimicked Munger saying, “I couldn’t agree more.”Munger was an outspoken critic of corporate misbehavior, faulting as “demented” and “immoral” the compensation packages given to some chief executives. He called Bitcoin “noxious poison,” defined cryptocurrency generally as “partly fraud and partly delusion” and warned that much of banking had become “gambling in drag.”“I love his ability to just cut to the heart of things and not care how he says it,” said Cole Smead, CEO of Smead Capital Management, a longtime Berkshire investor. “In today’s society, that’s a really unique thing.”Though Munger aligned with the US Republican Party, and Buffett sided with Democrats, the two often found common ground on issues like the desirability of universal health care and the need for government oversight of the financial system.But while Buffett would tour the world urging billionaires to embrace charity, Munger said a private company like Costco Wholesale Corp. — he served on its board for more than two decades — did more good for society than big-name philanthropic foundations.With his own donations, Munger promoted abortion rights and education. He served as chairman of Good Samaritan Hospital in Los Angeles. Multimillion-dollar bequests to the University of Michigan and the University of California at Santa Barbara for new housing facilities gave him an opportunity to indulge a passion for architecture — though his vision for a 4,500-person dormitory on the Santa Barbara campus drew howls of protest in 2021 because the vast majority of bedrooms were to have no windows.<h3 id=\"id_1545626341\" style=\"text-align: start;\">Wesco ‘Groupies’</h3>Though he never rivaled Buffett in terms of worldwide celebrity, Munger’s blunt manner of speaking earned him a following in his own right.He used the term “groupies” to refer to his fans, often numbering in the hundreds, who gathered to see him without Buffett. Hosting the annual meetings of Wesco Financial Corp., a Berkshire unit, in Pasadena, California, Munger expounded on his philosophy of life and investing.At the 2011 meeting, the last before Berkshire took complete control of Wesco, Munger told his audience, “You all need a new cult hero.”Charles Thomas Munger was born on Jan. 1, 1924, in Omaha, the first of three children of Alfred Munger and the former Florence Russell, who was known as Toody. His father, the son of a federal judge, had earned a law degree at Harvard University before returning to Omaha, where his clients included the Omaha World-Herald newspaper.Munger’s initial brush with the Buffett family came through his work on Saturdays at Buffett &amp; Son, the Omaha grocery store run by Ernest Buffett, Warren’s grandfather. But the two future partners wouldn’t meet until years later.Munger entered the University of Michigan at age 17 with plans to study math, mostly because it came so easily. “When I was young I could get an A in any mathematics course without doing any work at all,” he said in a 2017 conversation at Michigan’s Ross Business School.<h3 id=\"id_2417683429\" style=\"text-align: start;\">Nome to Harvard</h3>In 1942, during his sophomore year, he enlisted in the Army Air Corps, soon to become the Air Force. He was sent to the California Institute of Technology to learn meteorology before being posted to Nome, Alaska. It was during this period, in 1945, that he married his first wife, Nancy Huggins.Lacking an undergraduate degree, Munger applied to Harvard Law School before his Army discharge in 1946. He was admitted only after a family friend and former dean of the school intervened, according to Janet Lowe’s 2000 book, Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger. Munger worked on the Harvard Law Review and in 1948 was one of 12 in the class of 335 to graduate magna cum laude.With his wife and their son, Teddy, Munger moved to California to join a Los Angeles law firm. They added two daughters to their family before divorcing in 1953. In 1956, Munger married Nancy Barry Borthwick, a mother of two, and over time they expanded their blended family by having four more children. (Teddy, Munger’s first-born, had died of leukemia in 1955.)Not satisfied with the income potential of his legal career, Munger began working on construction projects and real estate deals. He founded a new law office, Munger, Tolles &amp; Hills, and, in 1962, started an investment partnership, Wheeler, Munger &amp; Co., modeled on the ones Buffett had set up with his earliest investors in Omaha.“Like Warren, I had a considerable passion to get rich,” Munger told Roger Lowenstein for Buffett: The Making of an American Capitalist, published in 1995. “Not because I wanted Ferraris — I wanted independence. I desperately wanted it. I thought it was undignified to have to send invoices to other people.”<h3 id=\"id_3804965469\" style=\"text-align: start;\">1959 Introduction</h3>His fateful introduction to Buffett had come during a 1959 visit home to Omaha. Though the precise venue of their first meeting was the subject of lore, it was clear they hit it off right away. In short order they were talking on the telephone almost daily and investing in the same companies and securities.Their investments in Berkshire Hathaway began in 1962, when the company made men’s suit linings at textile mills in Massachusetts. Buffett took a controlling stake in 1965. Though the mills closed, Berkshire stuck around as the corporate vehicle for Buffett’s growing conglomerate of companies.A crucial joint discovery was a company called Blue Chip Stamps, which ran popular redemption games offered by grocers and other retailers. Because stores paid for the stamps up front, and prizes were redeemed much later, Blue Chip at any given time was sitting on a stack of money, much like a bank does.Using that pool of capital, Buffett and Munger bought controlling shares in See’s Candies, the Buffalo Evening News and Wesco Financial, the company Munger would lead.In 1975, the US Securities and Exchange Commission alleged that Blue Chip Stamps had manipulated the price of Wesco because Buffett and Munger had persuaded its management to drop a merger plan. Blue Chip resolved the dispute by agreeing to pay former investors in Wesco a total of about $115,000, with no admission of guilt.The ordeal underscored the risks in Buffett and Munger having such complicated and overlapping financial interests. A years-long effort to simplify matters culminated in 1983 with Blue Chip Stamps merging into Berkshire. Munger, whose Berkshire stake rose to 2%, became Buffett’s vice chairman.<h3 id=\"id_1080936549\" style=\"text-align: start;\">China Bull</h3>In recent years, Munger’s fans continued to travel to Los Angeles to ask him questions at annual meetings of Daily Journal Corp., a publishing company he led as chairman. He displayed his knack for investing by plowing the company’s money into temporarily beaten-down stocks like Wells Fargo &amp; Co. during the depths of the 2008-2009 financial crisis.Munger was for many years more bullish than Buffett when it came to investing in China. Berkshire became the biggest shareholder of Chinese automaker BYD Co., for instance, years after Munger began buying its stock, though Berkshire began trimming that stake in 2022.Munger started sharing his vice chairman title at Berkshire in 2018 with two next-generation senior executives, Greg Abel and Ajit Jain, who were named to the board in a long-awaited sign of Buffett’s succession plans. Buffett subsequently identified Abel as his likely successor.It was Munger who, three years earlier, had signaled the likely promotion of Abel and Jain with praise delivered in his signature fashion: with a backhanded swipe at the boss.“In some important ways,” he wrote of the pair in 2015, “each is a better business executive than Buffett.”</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway's Charles Munger Passes Away: a Look Back at His Life</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway's Charles Munger Passes Away: a Look Back at His Life\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2023-11-29 18:59\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.He died on Tuesday at a California hospital, the company said in a statement. He was a longtime resident of Los Angeles. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in the statement.<img src=\"https://static.tigerbbs.com/e28561eee93a34a6bbe0f6902c6352c4\" tg-width=\"750\" tg-height=\"7019\"/><img src=\"https://static.tigerbbs.com/6e9b2b17d384ca31804cd6a434c7935c\" tg-width=\"750\" tg-height=\"2579\"/>A lawyer by training, Munger (rhymes with “hunger”) helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. Under their management, Berkshire averaged an annual gain of 20% from 1965 through 2022 — roughly twice the pace of the S&amp;P 500 Index. Decades of compounded returns made the pair billionaires and folk heroes to adoring investors.Munger was vice chairman of Berkshire and one of its biggest shareholders, with stock valued at about $2.2 billion. His overall net worth was about $2.6 billion, according to Forbes.At the company’s annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses. As Buffett’s fame and wealth grew — depending on Berkshire’s share price, he was on occasion the world’s richest man — Munger’s value as a reality check increased as well.“It’s terrific to have a partner who will say, ‘You’re not thinking straight,’” Buffett said of Munger, seated next to him, at Berkshire’s 2002 meeting. (“It doesn’t happen very often,” Munger interjected.) Too many CEOs surround themselves with “a bunch of sycophants” disinclined to challenge their conclusions and biases, Buffett added.For his part, Munger said Buffett benefited from having “a talking foil who knew something. And I think I’ve been very useful in that regard.”<h3 id=\"id_276028324\" style=\"text-align: start;\">Beyond Value</h3>Buffett credited Munger with broadening his approach to investing beyond mentor Benjamin Graham’s insistence on buying stocks at a fraction of the value of their underlying assets. With Munger’s help, he began assembling the insurance, railroad, manufacturing and consumer goods conglomerate that posted nearly $29 billion of operating profit in the first nine months of this year.“Charlie has always emphasized, ‘Let’s buy truly wonderful businesses,’” Buffett told the Omaha World-Herald in 1999.That meant businesses with strong brands and pricing power. Munger nudged Buffett into acquiring California confectioner See’s Candies Inc. in 1972. The success of that deal — Buffett came to view See’s as “the prototype of a dream business” — inspired Berkshire’s $1 billion investment in Coca-Cola Co. stock 15 years later.The acerbic Munger so often curbed Buffett’s enthusiasm that Buffett jokingly referred to him as “the abominable no-man.”At Berkshire’s 2002 meeting, Buffett offered a three-minute answer to the question of whether the company might buy a cable company. Munger said he doubted one would be available for an acceptable price.“At what price would you be comfortable?” Buffett asked.“Probably at a lower price than you,” Munger parried.<h3 id=\"id_1055707859\" style=\"text-align: start;\">Cardboard Cutout</h3>From Los Angeles, Munger spoke frequently by phone with Buffett in Omaha. Even when they couldn’t connect, Buffett claimed he knew what Munger would think. When Munger missed a special meeting of Berkshire shareholders in 2010, Buffett brought a cardboard cutout of his partner on stage and mimicked Munger saying, “I couldn’t agree more.”Munger was an outspoken critic of corporate misbehavior, faulting as “demented” and “immoral” the compensation packages given to some chief executives. He called Bitcoin “noxious poison,” defined cryptocurrency generally as “partly fraud and partly delusion” and warned that much of banking had become “gambling in drag.”“I love his ability to just cut to the heart of things and not care how he says it,” said Cole Smead, CEO of Smead Capital Management, a longtime Berkshire investor. “In today’s society, that’s a really unique thing.”Though Munger aligned with the US Republican Party, and Buffett sided with Democrats, the two often found common ground on issues like the desirability of universal health care and the need for government oversight of the financial system.But while Buffett would tour the world urging billionaires to embrace charity, Munger said a private company like Costco Wholesale Corp. — he served on its board for more than two decades — did more good for society than big-name philanthropic foundations.With his own donations, Munger promoted abortion rights and education. He served as chairman of Good Samaritan Hospital in Los Angeles. Multimillion-dollar bequests to the University of Michigan and the University of California at Santa Barbara for new housing facilities gave him an opportunity to indulge a passion for architecture — though his vision for a 4,500-person dormitory on the Santa Barbara campus drew howls of protest in 2021 because the vast majority of bedrooms were to have no windows.<h3 id=\"id_1545626341\" style=\"text-align: start;\">Wesco ‘Groupies’</h3>Though he never rivaled Buffett in terms of worldwide celebrity, Munger’s blunt manner of speaking earned him a following in his own right.He used the term “groupies” to refer to his fans, often numbering in the hundreds, who gathered to see him without Buffett. Hosting the annual meetings of Wesco Financial Corp., a Berkshire unit, in Pasadena, California, Munger expounded on his philosophy of life and investing.At the 2011 meeting, the last before Berkshire took complete control of Wesco, Munger told his audience, “You all need a new cult hero.”Charles Thomas Munger was born on Jan. 1, 1924, in Omaha, the first of three children of Alfred Munger and the former Florence Russell, who was known as Toody. His father, the son of a federal judge, had earned a law degree at Harvard University before returning to Omaha, where his clients included the Omaha World-Herald newspaper.Munger’s initial brush with the Buffett family came through his work on Saturdays at Buffett &amp; Son, the Omaha grocery store run by Ernest Buffett, Warren’s grandfather. But the two future partners wouldn’t meet until years later.Munger entered the University of Michigan at age 17 with plans to study math, mostly because it came so easily. “When I was young I could get an A in any mathematics course without doing any work at all,” he said in a 2017 conversation at Michigan’s Ross Business School.<h3 id=\"id_2417683429\" style=\"text-align: start;\">Nome to Harvard</h3>In 1942, during his sophomore year, he enlisted in the Army Air Corps, soon to become the Air Force. He was sent to the California Institute of Technology to learn meteorology before being posted to Nome, Alaska. It was during this period, in 1945, that he married his first wife, Nancy Huggins.Lacking an undergraduate degree, Munger applied to Harvard Law School before his Army discharge in 1946. He was admitted only after a family friend and former dean of the school intervened, according to Janet Lowe’s 2000 book, Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger. Munger worked on the Harvard Law Review and in 1948 was one of 12 in the class of 335 to graduate magna cum laude.With his wife and their son, Teddy, Munger moved to California to join a Los Angeles law firm. They added two daughters to their family before divorcing in 1953. In 1956, Munger married Nancy Barry Borthwick, a mother of two, and over time they expanded their blended family by having four more children. (Teddy, Munger’s first-born, had died of leukemia in 1955.)Not satisfied with the income potential of his legal career, Munger began working on construction projects and real estate deals. He founded a new law office, Munger, Tolles &amp; Hills, and, in 1962, started an investment partnership, Wheeler, Munger &amp; Co., modeled on the ones Buffett had set up with his earliest investors in Omaha.“Like Warren, I had a considerable passion to get rich,” Munger told Roger Lowenstein for Buffett: The Making of an American Capitalist, published in 1995. “Not because I wanted Ferraris — I wanted independence. I desperately wanted it. I thought it was undignified to have to send invoices to other people.”<h3 id=\"id_3804965469\" style=\"text-align: start;\">1959 Introduction</h3>His fateful introduction to Buffett had come during a 1959 visit home to Omaha. Though the precise venue of their first meeting was the subject of lore, it was clear they hit it off right away. In short order they were talking on the telephone almost daily and investing in the same companies and securities.Their investments in Berkshire Hathaway began in 1962, when the company made men’s suit linings at textile mills in Massachusetts. Buffett took a controlling stake in 1965. Though the mills closed, Berkshire stuck around as the corporate vehicle for Buffett’s growing conglomerate of companies.A crucial joint discovery was a company called Blue Chip Stamps, which ran popular redemption games offered by grocers and other retailers. Because stores paid for the stamps up front, and prizes were redeemed much later, Blue Chip at any given time was sitting on a stack of money, much like a bank does.Using that pool of capital, Buffett and Munger bought controlling shares in See’s Candies, the Buffalo Evening News and Wesco Financial, the company Munger would lead.In 1975, the US Securities and Exchange Commission alleged that Blue Chip Stamps had manipulated the price of Wesco because Buffett and Munger had persuaded its management to drop a merger plan. Blue Chip resolved the dispute by agreeing to pay former investors in Wesco a total of about $115,000, with no admission of guilt.The ordeal underscored the risks in Buffett and Munger having such complicated and overlapping financial interests. A years-long effort to simplify matters culminated in 1983 with Blue Chip Stamps merging into Berkshire. Munger, whose Berkshire stake rose to 2%, became Buffett’s vice chairman.<h3 id=\"id_1080936549\" style=\"text-align: start;\">China Bull</h3>In recent years, Munger’s fans continued to travel to Los Angeles to ask him questions at annual meetings of Daily Journal Corp., a publishing company he led as chairman. He displayed his knack for investing by plowing the company’s money into temporarily beaten-down stocks like Wells Fargo &amp; Co. during the depths of the 2008-2009 financial crisis.Munger was for many years more bullish than Buffett when it came to investing in China. Berkshire became the biggest shareholder of Chinese automaker BYD Co., for instance, years after Munger began buying its stock, though Berkshire began trimming that stake in 2022.Munger started sharing his vice chairman title at Berkshire in 2018 with two next-generation senior executives, Greg Abel and Ajit Jain, who were named to the board in a long-awaited sign of Buffett’s succession plans. Buffett subsequently identified Abel as his likely successor.It was Munger who, three years earlier, had signaled the likely promotion of Abel and Jain with praise delivered in his signature fashion: with a backhanded swipe at the boss.“In some important ways,” he wrote of the pair in 2015, “each is a better business executive than Buffett.”</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139614756","content_text":"Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.He died on Tuesday at a California hospital, the company said in a statement. He was a longtime resident of Los Angeles. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in the statement.A lawyer by training, Munger (rhymes with “hunger”) helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. Under their management, Berkshire averaged an annual gain of 20% from 1965 through 2022 — roughly twice the pace of the S&P 500 Index. Decades of compounded returns made the pair billionaires and folk heroes to adoring investors.Munger was vice chairman of Berkshire and one of its biggest shareholders, with stock valued at about $2.2 billion. His overall net worth was about $2.6 billion, according to Forbes.At the company’s annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses. As Buffett’s fame and wealth grew — depending on Berkshire’s share price, he was on occasion the world’s richest man — Munger’s value as a reality check increased as well.“It’s terrific to have a partner who will say, ‘You’re not thinking straight,’” Buffett said of Munger, seated next to him, at Berkshire’s 2002 meeting. (“It doesn’t happen very often,” Munger interjected.) Too many CEOs surround themselves with “a bunch of sycophants” disinclined to challenge their conclusions and biases, Buffett added.For his part, Munger said Buffett benefited from having “a talking foil who knew something. And I think I’ve been very useful in that regard.”Beyond ValueBuffett credited Munger with broadening his approach to investing beyond mentor Benjamin Graham’s insistence on buying stocks at a fraction of the value of their underlying assets. With Munger’s help, he began assembling the insurance, railroad, manufacturing and consumer goods conglomerate that posted nearly $29 billion of operating profit in the first nine months of this year.“Charlie has always emphasized, ‘Let’s buy truly wonderful businesses,’” Buffett told the Omaha World-Herald in 1999.That meant businesses with strong brands and pricing power. Munger nudged Buffett into acquiring California confectioner See’s Candies Inc. in 1972. The success of that deal — Buffett came to view See’s as “the prototype of a dream business” — inspired Berkshire’s $1 billion investment in Coca-Cola Co. stock 15 years later.The acerbic Munger so often curbed Buffett’s enthusiasm that Buffett jokingly referred to him as “the abominable no-man.”At Berkshire’s 2002 meeting, Buffett offered a three-minute answer to the question of whether the company might buy a cable company. Munger said he doubted one would be available for an acceptable price.“At what price would you be comfortable?” Buffett asked.“Probably at a lower price than you,” Munger parried.Cardboard CutoutFrom Los Angeles, Munger spoke frequently by phone with Buffett in Omaha. Even when they couldn’t connect, Buffett claimed he knew what Munger would think. When Munger missed a special meeting of Berkshire shareholders in 2010, Buffett brought a cardboard cutout of his partner on stage and mimicked Munger saying, “I couldn’t agree more.”Munger was an outspoken critic of corporate misbehavior, faulting as “demented” and “immoral” the compensation packages given to some chief executives. He called Bitcoin “noxious poison,” defined cryptocurrency generally as “partly fraud and partly delusion” and warned that much of banking had become “gambling in drag.”“I love his ability to just cut to the heart of things and not care how he says it,” said Cole Smead, CEO of Smead Capital Management, a longtime Berkshire investor. “In today’s society, that’s a really unique thing.”Though Munger aligned with the US Republican Party, and Buffett sided with Democrats, the two often found common ground on issues like the desirability of universal health care and the need for government oversight of the financial system.But while Buffett would tour the world urging billionaires to embrace charity, Munger said a private company like Costco Wholesale Corp. — he served on its board for more than two decades — did more good for society than big-name philanthropic foundations.With his own donations, Munger promoted abortion rights and education. He served as chairman of Good Samaritan Hospital in Los Angeles. Multimillion-dollar bequests to the University of Michigan and the University of California at Santa Barbara for new housing facilities gave him an opportunity to indulge a passion for architecture — though his vision for a 4,500-person dormitory on the Santa Barbara campus drew howls of protest in 2021 because the vast majority of bedrooms were to have no windows.Wesco ‘Groupies’Though he never rivaled Buffett in terms of worldwide celebrity, Munger’s blunt manner of speaking earned him a following in his own right.He used the term “groupies” to refer to his fans, often numbering in the hundreds, who gathered to see him without Buffett. Hosting the annual meetings of Wesco Financial Corp., a Berkshire unit, in Pasadena, California, Munger expounded on his philosophy of life and investing.At the 2011 meeting, the last before Berkshire took complete control of Wesco, Munger told his audience, “You all need a new cult hero.”Charles Thomas Munger was born on Jan. 1, 1924, in Omaha, the first of three children of Alfred Munger and the former Florence Russell, who was known as Toody. His father, the son of a federal judge, had earned a law degree at Harvard University before returning to Omaha, where his clients included the Omaha World-Herald newspaper.Munger’s initial brush with the Buffett family came through his work on Saturdays at Buffett & Son, the Omaha grocery store run by Ernest Buffett, Warren’s grandfather. But the two future partners wouldn’t meet until years later.Munger entered the University of Michigan at age 17 with plans to study math, mostly because it came so easily. “When I was young I could get an A in any mathematics course without doing any work at all,” he said in a 2017 conversation at Michigan’s Ross Business School.Nome to HarvardIn 1942, during his sophomore year, he enlisted in the Army Air Corps, soon to become the Air Force. He was sent to the California Institute of Technology to learn meteorology before being posted to Nome, Alaska. It was during this period, in 1945, that he married his first wife, Nancy Huggins.Lacking an undergraduate degree, Munger applied to Harvard Law School before his Army discharge in 1946. He was admitted only after a family friend and former dean of the school intervened, according to Janet Lowe’s 2000 book, Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger. Munger worked on the Harvard Law Review and in 1948 was one of 12 in the class of 335 to graduate magna cum laude.With his wife and their son, Teddy, Munger moved to California to join a Los Angeles law firm. They added two daughters to their family before divorcing in 1953. In 1956, Munger married Nancy Barry Borthwick, a mother of two, and over time they expanded their blended family by having four more children. (Teddy, Munger’s first-born, had died of leukemia in 1955.)Not satisfied with the income potential of his legal career, Munger began working on construction projects and real estate deals. He founded a new law office, Munger, Tolles & Hills, and, in 1962, started an investment partnership, Wheeler, Munger & Co., modeled on the ones Buffett had set up with his earliest investors in Omaha.“Like Warren, I had a considerable passion to get rich,” Munger told Roger Lowenstein for Buffett: The Making of an American Capitalist, published in 1995. “Not because I wanted Ferraris — I wanted independence. I desperately wanted it. I thought it was undignified to have to send invoices to other people.”1959 IntroductionHis fateful introduction to Buffett had come during a 1959 visit home to Omaha. Though the precise venue of their first meeting was the subject of lore, it was clear they hit it off right away. In short order they were talking on the telephone almost daily and investing in the same companies and securities.Their investments in Berkshire Hathaway began in 1962, when the company made men’s suit linings at textile mills in Massachusetts. Buffett took a controlling stake in 1965. Though the mills closed, Berkshire stuck around as the corporate vehicle for Buffett’s growing conglomerate of companies.A crucial joint discovery was a company called Blue Chip Stamps, which ran popular redemption games offered by grocers and other retailers. Because stores paid for the stamps up front, and prizes were redeemed much later, Blue Chip at any given time was sitting on a stack of money, much like a bank does.Using that pool of capital, Buffett and Munger bought controlling shares in See’s Candies, the Buffalo Evening News and Wesco Financial, the company Munger would lead.In 1975, the US Securities and Exchange Commission alleged that Blue Chip Stamps had manipulated the price of Wesco because Buffett and Munger had persuaded its management to drop a merger plan. Blue Chip resolved the dispute by agreeing to pay former investors in Wesco a total of about $115,000, with no admission of guilt.The ordeal underscored the risks in Buffett and Munger having such complicated and overlapping financial interests. A years-long effort to simplify matters culminated in 1983 with Blue Chip Stamps merging into Berkshire. Munger, whose Berkshire stake rose to 2%, became Buffett’s vice chairman.China BullIn recent years, Munger’s fans continued to travel to Los Angeles to ask him questions at annual meetings of Daily Journal Corp., a publishing company he led as chairman. He displayed his knack for investing by plowing the company’s money into temporarily beaten-down stocks like Wells Fargo & Co. during the depths of the 2008-2009 financial crisis.Munger was for many years more bullish than Buffett when it came to investing in China. Berkshire became the biggest shareholder of Chinese automaker BYD Co., for instance, years after Munger began buying its stock, though Berkshire began trimming that stake in 2022.Munger started sharing his vice chairman title at Berkshire in 2018 with two next-generation senior executives, Greg Abel and Ajit Jain, who were named to the board in a long-awaited sign of Buffett’s succession plans. Buffett subsequently identified Abel as his likely successor.It was Munger who, three years earlier, had signaled the likely promotion of Abel and Jain with praise delivered in his signature fashion: with a backhanded swipe at the boss.“In some important ways,” he wrote of the pair in 2015, “each is a better business executive than Buffett.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246721704751240,"gmtCreate":1701256206231,"gmtModify":1701256311906,"author":{"id":"3576900307336083","authorId":"3576900307336083","name":"Billytoh","avatar":"https://static.tigerbbs.com/b40af7b5de7255ac9603c1ba878617e6","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576900307336083","authorIdStr":"3576900307336083"},"themes":[],"htmlText":"RIP","listText":"RIP","text":"RIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246721704751240","repostId":"1139614756","repostType":2,"isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246721567334432,"gmtCreate":1701256047543,"gmtModify":1701256051658,"author":{"id":"3575214354775471","authorId":"3575214354775471","name":"Invest7u","avatar":"https://static.tigerbbs.com/4dff2c6a06166049b642040db1407632","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575214354775471","authorIdStr":"3575214354775471"},"themes":[],"htmlText":"Great summary by the team !","listText":"Great summary by the team !","text":"Great summary by the team !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246721567334432","repostId":"1139614756","repostType":2,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246720686534792,"gmtCreate":1701255957643,"gmtModify":1701255973620,"author":{"id":"4152655739033302","authorId":"4152655739033302","name":"CashPetty","avatar":"https://community-static.tradeup.com/news/c5f59fe4a9634604f9cd6731cfdcec5f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152655739033302","authorIdStr":"4152655739033302"},"themes":[],"htmlText":"RIP 🙏","listText":"RIP 🙏","text":"RIP 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246720686534792","repostId":"1139614756","repostType":2,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246715628183584,"gmtCreate":1701254597556,"gmtModify":1701254602150,"author":{"id":"3548734971517314","authorId":"3548734971517314","name":"Mkoh","avatar":"https://static.tigerbbs.com/c6226aeb6486c19c00455145eb533f98","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3548734971517314","authorIdStr":"3548734971517314"},"themes":[],"htmlText":"He left Berkshire in great shape. Up to Abel and Jain to prove their worth&nbsp;","listText":"He left Berkshire in great shape. Up to Abel and Jain to prove their worth&nbsp;","text":"He left Berkshire in great shape. Up to Abel and Jain to prove their worth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246715628183584","repostId":"2387610666","repostType":4,"repost":{"id":"2387610666","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1701244800,"share":"https://ttm.financial/m/news/2387610666?lang=&edition=fundamental","pubTime":"2023-11-29 16:00","market":"us","language":"en","title":"After Munger's Death, Berkshire Succession Comes into Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2387610666","media":"Reuters","summary":"By Jonathan Stempel Nov 29 (Reuters) - The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining ","content":"<html><head></head><body>Nov 29 (Reuters) - The death of Berkshire Hathaway&#39;s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate&#39;s lone investing legend and shining the spotlight on managers who have largely operated in their shadow.<img src=\"https://static.tigerbbs.com/e28561eee93a34a6bbe0f6902c6352c4\" tg-width=\"750\" tg-height=\"7019\"/><img src=\"https://static.tigerbbs.com/6e9b2b17d384ca31804cd6a434c7935c\" tg-width=\"750\" tg-height=\"2579\"/>Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each other for more than six decades, the last 45 years as the Omaha, Nebraska-based conglomerate&#39;s chairman and vice chairman.Munger&#39;s death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett&#39;s top advisers and sounding boards.They became vice chairmen in 2018, started taking a more prominent public role only at the most recent of Berkshire&#39;s annual meetings, and will have bigger boots to fill than at almost any other company.Managers have said Abel fully embraces Berkshire&#39;s culture, which includes an extreme decentralization that gives business units broad autonomy.That means big units such as the BNSF railroad and Geico car insurer, each with tens of thousands of employees, and small units such as Borsheims jewelry, with about 142 employees, can run without interference from Berkshire headquarters, which employs only about 26 people.But Abel and Jain have different styles from Buffett and Munger.At the 2021 annual meeting, Jain was asked how he and Abel interact with each other.&#34;There is no question that the relationship Warren has with Charlie is unique and it&#39;s not going to be duplicated,&#34; Jain said. &#34;We don&#39;t interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective businesses.&#34;Abel said he and Jain regularly consulted with <a href=\"https://laohu8.com/S/AONE.U\">one</a> another, and in particular when something unusual was happening at one of Berkshire&#39;s businesses.Investors say they have faith.&#34;I can’t imagine investors haven&#39;t thought about what happens when Buffett is gone as well,&#34; said Bill Stone, chief investment officer at Glenview Trust. &#34;You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company.&#34;Berkshire did not immediately respond to a request for comment outside business hours.<h2 id=\"id_3329674046\">CEO-DESIGNATE</h2>Berkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company he has run since 1965 would be prepared for his departure.Munger inadvertently signaled during Berkshire&#39;s 2021 annual meeting that Abel, a 61-year-old Edmonton, Alberta, native who spent a quarter century at what is now Berkshire Hathaway Energy, was the CEO designate.Jain, 72, would retain oversight of insurance operations.Buffett has praised both executives, calling Abel &#34;a first-class human being&#34; in a 2013 video message and referring to Jain as a &#34;superstar.&#34;A lifelong hockey fan, Abel graduated in 1984 from the University of Alberta, worked at PricewaterhouseCoopers and energy firm CalEnergy and joined the company, then known as MidAmerican Energy, in 1992, which Berkshire took over in 2000.Abel became MidAmerican&#39;s chief in 2008 and benefited from its ability, unusual in the utility industry, to retain earnings rather than pay dividends. That freed him to make acquisitions, and expand into renewable energy.Investors will have to wait until Abel takes over to see his willingness to shed businesses that are underperforming or have mediocre outlooks - his predecessors liked to buy and hold businesses forever - or whether Berkshire might pay its first dividend since 1967.Jain, who was born in the Indian state of Odisha, has specialized in pricing for risk, especially large risks such as natural catastrophes. He joined Berkshire in 1986.Besides the two top executives, Berkshire&#39;s plan also calls for Buffett&#39;s eldest son Howard Buffett to become non-executive chairman, charged mainly with preserving Berkshire&#39;s culture.Todd Combs and Ted Weschler, who help Buffett run Berkshire&#39;s $300 billion-plus common stock portfolio - about half of which is in one stock, Apple - appear in line to take over all of it.&#34;Berkshire has talented people there that will help with the stock picking,&#34; said Bill Smead, chief investment officer at Smead Capital Management in Phoenix. &#34;But it will never be the same.&#34;<h2 id=\"id_2595446648\">LOSS OF LEGACY</h2>For shareholders, a signature in Berkshire&#39;s universe is its annual meeting, a pilgrimage known as &#34;Woodstock for Capitalists,&#34; where Buffett and Munger would answer more than five hours of shareholder questions.It is a weekend of shopping, investor conferences and events that draws tens of thousands of people to Omaha in early May, even though fans can watch it streamed on their home computers or smartphones.Many shareholders, especially local, have said they will continue going, but others have been less sure.&#34;What really glued us to these men was their advice on living a full life by instructing people how to think clearly, to be honest with oneself, to learn from mistakes and to avoid calamities,&#34; said Whitney Tilson, an investor who previously ran T2 Partners and Kase Capital and has attended many meetings.In May 2020, at the height of the pandemic, Buffett held the meeting virtually from Omaha. Munger didn&#39;t attend.&#34;It particularly doesn&#39;t feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here,&#34; Buffett said. &#34;I think most of the people who come to our meeting really come to listen to Charlie.&#34;</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After Munger's Death, Berkshire Succession Comes into Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter Munger's Death, Berkshire Succession Comes into Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2023-11-29 16:00\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Nov 29 (Reuters) - The death of Berkshire Hathaway&#39;s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate&#39;s lone investing legend and shining the spotlight on managers who have largely operated in their shadow.<img src=\"https://static.tigerbbs.com/e28561eee93a34a6bbe0f6902c6352c4\" tg-width=\"750\" tg-height=\"7019\"/><img src=\"https://static.tigerbbs.com/6e9b2b17d384ca31804cd6a434c7935c\" tg-width=\"750\" tg-height=\"2579\"/>Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each other for more than six decades, the last 45 years as the Omaha, Nebraska-based conglomerate&#39;s chairman and vice chairman.Munger&#39;s death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett&#39;s top advisers and sounding boards.They became vice chairmen in 2018, started taking a more prominent public role only at the most recent of Berkshire&#39;s annual meetings, and will have bigger boots to fill than at almost any other company.Managers have said Abel fully embraces Berkshire&#39;s culture, which includes an extreme decentralization that gives business units broad autonomy.That means big units such as the BNSF railroad and Geico car insurer, each with tens of thousands of employees, and small units such as Borsheims jewelry, with about 142 employees, can run without interference from Berkshire headquarters, which employs only about 26 people.But Abel and Jain have different styles from Buffett and Munger.At the 2021 annual meeting, Jain was asked how he and Abel interact with each other.&#34;There is no question that the relationship Warren has with Charlie is unique and it&#39;s not going to be duplicated,&#34; Jain said. &#34;We don&#39;t interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective businesses.&#34;Abel said he and Jain regularly consulted with <a href=\"https://laohu8.com/S/AONE.U\">one</a> another, and in particular when something unusual was happening at one of Berkshire&#39;s businesses.Investors say they have faith.&#34;I can’t imagine investors haven&#39;t thought about what happens when Buffett is gone as well,&#34; said Bill Stone, chief investment officer at Glenview Trust. &#34;You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company.&#34;Berkshire did not immediately respond to a request for comment outside business hours.<h2 id=\"id_3329674046\">CEO-DESIGNATE</h2>Berkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company he has run since 1965 would be prepared for his departure.Munger inadvertently signaled during Berkshire&#39;s 2021 annual meeting that Abel, a 61-year-old Edmonton, Alberta, native who spent a quarter century at what is now Berkshire Hathaway Energy, was the CEO designate.Jain, 72, would retain oversight of insurance operations.Buffett has praised both executives, calling Abel &#34;a first-class human being&#34; in a 2013 video message and referring to Jain as a &#34;superstar.&#34;A lifelong hockey fan, Abel graduated in 1984 from the University of Alberta, worked at PricewaterhouseCoopers and energy firm CalEnergy and joined the company, then known as MidAmerican Energy, in 1992, which Berkshire took over in 2000.Abel became MidAmerican&#39;s chief in 2008 and benefited from its ability, unusual in the utility industry, to retain earnings rather than pay dividends. That freed him to make acquisitions, and expand into renewable energy.Investors will have to wait until Abel takes over to see his willingness to shed businesses that are underperforming or have mediocre outlooks - his predecessors liked to buy and hold businesses forever - or whether Berkshire might pay its first dividend since 1967.Jain, who was born in the Indian state of Odisha, has specialized in pricing for risk, especially large risks such as natural catastrophes. He joined Berkshire in 1986.Besides the two top executives, Berkshire&#39;s plan also calls for Buffett&#39;s eldest son Howard Buffett to become non-executive chairman, charged mainly with preserving Berkshire&#39;s culture.Todd Combs and Ted Weschler, who help Buffett run Berkshire&#39;s $300 billion-plus common stock portfolio - about half of which is in one stock, Apple - appear in line to take over all of it.&#34;Berkshire has talented people there that will help with the stock picking,&#34; said Bill Smead, chief investment officer at Smead Capital Management in Phoenix. &#34;But it will never be the same.&#34;<h2 id=\"id_2595446648\">LOSS OF LEGACY</h2>For shareholders, a signature in Berkshire&#39;s universe is its annual meeting, a pilgrimage known as &#34;Woodstock for Capitalists,&#34; where Buffett and Munger would answer more than five hours of shareholder questions.It is a weekend of shopping, investor conferences and events that draws tens of thousands of people to Omaha in early May, even though fans can watch it streamed on their home computers or smartphones.Many shareholders, especially local, have said they will continue going, but others have been less sure.&#34;What really glued us to these men was their advice on living a full life by instructing people how to think clearly, to be honest with oneself, to learn from mistakes and to avoid calamities,&#34; said Whitney Tilson, an investor who previously ran T2 Partners and Kase Capital and has attended many meetings.In May 2020, at the height of the pandemic, Buffett held the meeting virtually from Omaha. Munger didn&#39;t attend.&#34;It particularly doesn&#39;t feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here,&#34; Buffett said. &#34;I think most of the people who come to our meeting really come to listen to Charlie.&#34;</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0234572021.USD":"高盛美国核心股票组合Acc","BK4574":"无人驾驶","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4573":"虚拟现实","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0251142724.SGD":"Fidelity America A-SGD","BK4505":"高瓴资本持仓","BK4592":"伊斯兰概念","BK4581":"高盛持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BRK.A":"伯克希尔","BRK.B":"伯克希尔B","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4170":"电脑硬件、储存设备及电脑周边","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","AAPL":"苹果","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4553":"喜马拉雅资本持仓","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4534":"瑞士信贷持仓","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4527":"明星科技股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4501":"段永平概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4588":"碎股","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2387610666","content_text":"Nov 29 (Reuters) - The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight on managers who have largely operated in their shadow.Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each other for more than six decades, the last 45 years as the Omaha, Nebraska-based conglomerate's chairman and vice chairman.Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards.They became vice chairmen in 2018, started taking a more prominent public role only at the most recent of Berkshire's annual meetings, and will have bigger boots to fill than at almost any other company.Managers have said Abel fully embraces Berkshire's culture, which includes an extreme decentralization that gives business units broad autonomy.That means big units such as the BNSF railroad and Geico car insurer, each with tens of thousands of employees, and small units such as Borsheims jewelry, with about 142 employees, can run without interference from Berkshire headquarters, which employs only about 26 people.But Abel and Jain have different styles from Buffett and Munger.At the 2021 annual meeting, Jain was asked how he and Abel interact with each other.\"There is no question that the relationship Warren has with Charlie is unique and it's not going to be duplicated,\" Jain said. \"We don't interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective businesses.\"Abel said he and Jain regularly consulted with one another, and in particular when something unusual was happening at one of Berkshire's businesses.Investors say they have faith.\"I can’t imagine investors haven't thought about what happens when Buffett is gone as well,\" said Bill Stone, chief investment officer at Glenview Trust. \"You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company.\"Berkshire did not immediately respond to a request for comment outside business hours.CEO-DESIGNATEBerkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company he has run since 1965 would be prepared for his departure.Munger inadvertently signaled during Berkshire's 2021 annual meeting that Abel, a 61-year-old Edmonton, Alberta, native who spent a quarter century at what is now Berkshire Hathaway Energy, was the CEO designate.Jain, 72, would retain oversight of insurance operations.Buffett has praised both executives, calling Abel \"a first-class human being\" in a 2013 video message and referring to Jain as a \"superstar.\"A lifelong hockey fan, Abel graduated in 1984 from the University of Alberta, worked at PricewaterhouseCoopers and energy firm CalEnergy and joined the company, then known as MidAmerican Energy, in 1992, which Berkshire took over in 2000.Abel became MidAmerican's chief in 2008 and benefited from its ability, unusual in the utility industry, to retain earnings rather than pay dividends. That freed him to make acquisitions, and expand into renewable energy.Investors will have to wait until Abel takes over to see his willingness to shed businesses that are underperforming or have mediocre outlooks - his predecessors liked to buy and hold businesses forever - or whether Berkshire might pay its first dividend since 1967.Jain, who was born in the Indian state of Odisha, has specialized in pricing for risk, especially large risks such as natural catastrophes. He joined Berkshire in 1986.Besides the two top executives, Berkshire's plan also calls for Buffett's eldest son Howard Buffett to become non-executive chairman, charged mainly with preserving Berkshire's culture.Todd Combs and Ted Weschler, who help Buffett run Berkshire's $300 billion-plus common stock portfolio - about half of which is in one stock, Apple - appear in line to take over all of it.\"Berkshire has talented people there that will help with the stock picking,\" said Bill Smead, chief investment officer at Smead Capital Management in Phoenix. \"But it will never be the same.\"LOSS OF LEGACYFor shareholders, a signature in Berkshire's universe is its annual meeting, a pilgrimage known as \"Woodstock for Capitalists,\" where Buffett and Munger would answer more than five hours of shareholder questions.It is a weekend of shopping, investor conferences and events that draws tens of thousands of people to Omaha in early May, even though fans can watch it streamed on their home computers or smartphones.Many shareholders, especially local, have said they will continue going, but others have been less sure.\"What really glued us to these men was their advice on living a full life by instructing people how to think clearly, to be honest with oneself, to learn from mistakes and to avoid calamities,\" said Whitney Tilson, an investor who previously ran T2 Partners and Kase Capital and has attended many meetings.In May 2020, at the height of the pandemic, Buffett held the meeting virtually from Omaha. Munger didn't attend.\"It particularly doesn't feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here,\" Buffett said. \"I think most of the people who come to our meeting really come to listen to Charlie.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246697019543632,"gmtCreate":1701250066988,"gmtModify":1701250071130,"author":{"id":"3578971018458145","authorId":"3578971018458145","name":"ocean_wave","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578971018458145","authorIdStr":"3578971018458145"},"themes":[],"htmlText":"RIP","listText":"RIP","text":"RIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246697019543632","repostId":"2387610666","repostType":2,"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246692671225904,"gmtCreate":1701249183302,"gmtModify":1701249188255,"author":{"id":"4116046903655472","authorId":"4116046903655472","name":"7mate34","avatar":"https://community-static.tradeup.com/news/e464589bf0fa038b72a6b8628440cef2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4116046903655472","authorIdStr":"4116046903655472"},"themes":[],"htmlText":"I'm confident&nbsp;there would be another \"Munger\" somewhere out there.&nbsp; Meantime, thanks&nbsp; Charlie for all your down to earth advice and one liner answer&nbsp;- Rest&nbsp;in Peace, sir.","listText":"I'm confident&nbsp;there would be another \"Munger\" somewhere out there.&nbsp; Meantime, thanks&nbsp; Charlie for all your down to earth advice and one liner answer&nbsp;- Rest&nbsp;in Peace, sir.","text":"I'm confident there would be another \"Munger\" somewhere out there. Meantime, thanks Charlie for all your down to earth advice and one liner answer - Rest in Peace, sir.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246692671225904","repostId":"2387610666","repostType":2,"isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246636247900248,"gmtCreate":1701235337359,"gmtModify":1701236052280,"author":{"id":"4132295269232032","authorId":"4132295269232032","name":"Arin1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132295269232032","authorIdStr":"4132295269232032"},"themes":[],"htmlText":"RIP what a legend&nbsp;","listText":"RIP what a legend&nbsp;","text":"RIP what a legend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246636247900248","repostId":"2387912906","repostType":2,"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246622819184720,"gmtCreate":1701231951666,"gmtModify":1701231955892,"author":{"id":"3577677710114525","authorId":"3577677710114525","name":"Apdo77","avatar":"https://community-static.tradeup.com/news/ffade35ec67cf208fd1e3b60ab9fb2b1","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3577677710114525","authorIdStr":"3577677710114525"},"themes":[],"htmlText":"RIP bro ... See you someday in another world ! Till then take care!","listText":"RIP bro ... See you someday in another world ! Till then take care!","text":"RIP bro ... See you someday in another world ! Till then take care!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246622819184720","repostId":"2387171329","repostType":2,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246588735279320,"gmtCreate":1701223746166,"gmtModify":1701223837646,"author":{"id":"4163556534366002","authorId":"4163556534366002","name":"Joyce31","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163556534366002","authorIdStr":"4163556534366002"},"themes":[],"htmlText":"Rip","listText":"Rip","text":"Rip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246588735279320","repostId":"2387912906","repostType":2,"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246569169453088,"gmtCreate":1701218841029,"gmtModify":1701218845683,"author":{"id":"3570369418287680","authorId":"3570369418287680","name":"JohnL","avatar":"https://community-static.tradeup.com/news/20db2fa4f65cb04a8d837d400a1b5d7b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570369418287680","authorIdStr":"3570369418287680"},"themes":[],"htmlText":"Rip legend","listText":"Rip legend","text":"Rip legend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246569169453088","repostId":"2387912906","repostType":2,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246566687666336,"gmtCreate":1701218428713,"gmtModify":1701218432805,"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573540190522229","authorIdStr":"3573540190522229"},"themes":[],"htmlText":"RIP, Charlie 🙏","listText":"RIP, Charlie 🙏","text":"RIP, Charlie 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246566687666336","repostId":"2387912906","repostType":2,"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246548145909792,"gmtCreate":1701213708329,"gmtModify":1701213714887,"author":{"id":"4096961999981430","authorId":"4096961999981430","name":"Sandyboy","avatar":"https://community-static.tradeup.com/news/c0493c8f653046dcb6adcd04d9fbd091","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4096961999981430","authorIdStr":"4096961999981430"},"themes":[],"htmlText":"Sad to hear that. RIP","listText":"Sad to hear that. RIP","text":"Sad to hear that. RIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246548145909792","repostId":"2387912906","repostType":4,"isVote":1,"tweetType":1,"viewCount":663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246547316428808,"gmtCreate":1701213624511,"gmtModify":1701213627551,"author":{"id":"3576671141672046","authorId":"3576671141672046","name":"投资一族","avatar":"https://static.tigerbbs.com/6383e289e0014247511d191bce1f14ad","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576671141672046","authorIdStr":"3576671141672046"},"themes":[],"htmlText":"Rip","listText":"Rip","text":"Rip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246547316428808","repostId":"2387912906","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}