CHARLES MUNGER

Charles Thomas Munger was born in 1924 in Omaha, Nebraska. He studied mathematics at the University of Michigan and dropped out to serve in the U.S. Army. After his service, he studied meteorology at Caltech, and through the GI Bill, took a number of advanced courses, eventually receiving a J.D. from Harvard Law. He practiced for a short time and left law to concentrate on managing investments and real estate development. Although Munger is better known for his association with Buffett, he ran an investment partnership of his own from 1962 to 1975 and served as chairman of Wesco Financial Corporation. Wesco became a wholly-owned subsidiary of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger has served as the vice-chairman of Berkshire Hathaway, where he and Buffett are close partners. They are one of the main inspirations behind the book Seeking Wisdom: From Darwin to Munger (2003). As of 2021, Munger has an estimated net worth of $1.9 billion. He is a major benefactor of the University of Michigan, the Marlborough School in Los Angeles, and Stanford University. He had three children with Nancy Huggins Munger, and four children from his second marriage to Nancy Barry.