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Last Updated:
2024-09-22 08:21:10

Charlie Munger

American businessman, investor, philanthropist
American businessman, investor, philanthropist

Charles Thomas Munger, known as Warren Buffett's closest partner, was vice chairman of Berkshire Hathaway. He was also involved in various other corporations and known for his influential business philosophy.

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1924
Charlie Munger's Birth

Charlie Munger was born in Omaha in the year 1924. As a teenager, he worked at Buffett & Son, a grocery store owned by Warren Buffett's grandfather.

1943
Charlie Munger Studies Meteorology at Caltech

After serving in the U.S. Army Air Corps, Charlie Munger continued his studies in meteorology at Caltech in Pasadena, California, which eventually became his lifelong home.

1948
Graduation from Harvard Law School

In 1948, he graduated magna cum laude with a J.D. from Harvard Law School, despite not having an undergraduate degree.

1959
Meeting with Warren Buffett

In 1959, Munger met Warren Buffett at a dinner in Omaha, which marked the beginning of a long-lasting professional relationship.

1965
Charlie Munger Steps Down as Active Partner of Munger, Tolles & Olson

In 1965, Charlie Munger decided to step down as an active partner of the law firm he co-founded, Munger, Tolles & Olson. Despite stepping back from the partnership, he continued to maintain his office at the firm and provide guidance to the partners.

1970
Berkshire Hathaway's Remarkable Growth

During the leadership of Charlie Munger and Warren Buffett, Berkshire Hathaway achieved an extraordinary growth of roughly 2,000,000% on its initial value, or 20,000 to 1, by investing in prosperous enterprises without excessive borrowing.

1977
Charlie Munger acquires Daily Journal Corporation

In 1977, Charlie Munger acquired the Daily Journal Corporation, a media business with a century-old history. This acquisition provided Munger with a platform to share his thoughts on financial events and products.

1978
Charlie Munger named vice chairman of Berkshire Hathaway

In 1978, Charlie Munger was appointed as the vice chairman of Berkshire Hathaway, a significant position within the company.

1983
Charlie Munger becomes chairman of Wesco Financial Corp.

In 1983, Charlie Munger was appointed as the chairman of Wesco Financial Corp., a finance company mostly owned by Berkshire Hathaway.

1984
Charlie Munger's investment firm performance highlighted by Warren Buffett

In 1984, Warren Buffett highlighted in his essay 'The Superinvestors of Graham-and-Doddsville' that Charlie Munger's investment firm, prior to joining Berkshire, achieved compound annual returns of 19.8% between 1962 and 1975. This outperformed the Dow's 5% annual appreciation rate during the same period.

1990
Charlie Munger's Charitable Contributions

Charlie Munger has made significant charitable contributions, including donations to Los Angeles' Good Samaritan Hospital, Planned Parenthood, Stanford University Law School, and the Harvard-Westlake School.

1992
Wesco Financial exits savings and loans industry

Wesco Financial, a company associated with Charlie Munger, exited the savings and loans industry in 1992. This move was influenced by Munger's business savvy and ability to foresee challenges in the sector.

1995
Introduction of Lollapalooza Effect

In 1995, Munger introduced the concept of the 'Lollapalooza effect,' describing how multiple biases or mental models can compound to produce extreme and irrational outcomes.

2002-07-22
Death of Nancy Huggins Freeman

Nancy Huggins Freeman, Munger's first wife, passed away at the age of 76 due to cancer.

2004
Donation to Stanford University for graduate student housing complex

In 2004, Charlie Munger donated $43.5 million in Berkshire Hathaway stock to Stanford University to build a graduate student housing complex.

2005
Introduction of 'elementary, worldly wisdom'

Charlie Munger introduced the concept of 'elementary, worldly wisdom' in the business and finance sector through speeches and his book Poor Charlie's Almanack.

2007
Donation to University of Michigan Law School for lighting improvements

In 2007, Charlie Munger donated $3 million to the University of Michigan Law School for lighting improvements.

2008
A Conversation with Charlie Munger DuBridge Distinguished Visitor Lecture

In 2008, Charlie Munger delivered a speech at Caltech, sharing his insightful and original thoughts.

2009
Ethical Standards Philosophy

At the 2009 Wesco Financial Corporation annual meeting, Munger emphasized the importance of high ethical standards in business, stating that ethical businesses are more likely to succeed.

2010-01-19
Discussion on Responsibility and Financial Crisis

During an interview at Harvard-Westlake School on January 19, 2010, Munger referenced American philosopher Charles Frankel's views on responsibility in decision-making and discussed the financial crisis of 2007–08.

2010-02-06
Death of Nancy Barry Munger

Nancy Barry Munger, Munger's second wife, died at home at the age of 86.

2011
Donation to University of Michigan Law School for housing renovations

In 2011, Charlie Munger contributed $20 million to the University of Michigan Law School for housing renovations.

2013
Charlie Munger's insightful comments at the 2013 Daily Journal Corporation annual meeting

Charlie Munger shared his insightful comments at the 2013 Daily Journal Corporation annual meeting.

2016
2016 Daily Journal Meeting Notes

Thorough notes recorded during the annual shareholders meeting of Daily Journal Corporation headed by Charlie Munger in 2016.

2017
2017 Daily Journal Meeting Notes

Detailed notes from the annual shareholders meeting of Daily Journal Corporation overseen by Charlie Munger in 2017.

2019
2019 Daily Journal Meeting Notes

Comprehensive notes taken during the annual shareholders meeting of Daily Journal Corporation led by Charlie Munger in 2019.

2021
Charles Munger Pledges $200 Million to UC Santa Barbara

Charles Munger pledged a substantial amount of $200 million to UC Santa Barbara for the construction of new dormitories.

2022
BHE (Berkshire Hathaway Energy) Record Earnings

Under Charlie Munger's leadership, BHE earned a record $26.3 billion in 2022, showing significant growth from when Berkshire first purchased a stake in 2000. BHE has also become a major player in renewable energy.

2023-11-28
Death of Charlie Munger

Charlie Munger, former vice chair of Berkshire Hathaway and close business partner of Warren Buffett, passed away at the age of 99. He played a key role in the growth of Berkshire Hathaway into a diversified holding company with a market capitalization of over $780 billion.

2024
Publication of Poor Charlie's Almanack

Poor Charlie's Almanack is a compilation of Charles T. Munger's wisdom put together by Glenair CEO Peter Kaufman.

End of the Timeline
Charlie Munger
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