Charles Thomas Munger is often considered Warren Buffet’s partner since he is the Vice-Chairman of Berkshire Hathaway Corporation, but he was an investor in his own right before joining Berkshire. He is also the chairman of Wesco Financial Corporation, which controls Precision Steel Corporation and CORT Furniture leasing. A former attorney who earned his Juris Doctor in 1948, he then began managing investments and never practiced law.
Although he never attended Stanford Law School, his spouse did, he made a considerable contribution to restore the Green Library after an earthquake. His contribution amount was $43.5 million. Munger’s daughter graduated from Stanford too. Munger also contributed to renovations for the University of Michigan Law School as recent as 2007.
Charles T. Munger’s political views are different from Warren Buffet’s too. Buffet leans towards the left and contributed money to Barack Obamba’s campaign. Munger is a Republican. The difference between the two is that Buffet spends a majority of his time on the day-to-day operations of Berkshire Hathaway. Munger does not copy the same approach to business, but each compliments the other in their method.
His business philosophy he is often quoted as saying, “Elementary, Worldly Wisdom” when relating to business and finance. He also says that incentives explain why people behave the way they do. Recent books written about Charles Munger are, “Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger” written by Peter Kaufman.