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A friend of Charlie Munger's says Munger doubled his money on a contrarian bet soon before his death. The friend, Li Lu, gave an interview in which he discussed Munger's careful approach to investing.
Munger and his late wife Nancy B. Munger were major benefactors of Stanford University. Nancy Munger was an alumna of Stanford, and Wendy Munger, Charlie Munger's daughter from a previous marriage, was also an alumna (A.B. 1972). Both Nancy and Wendy Munger served as members of the Stanford board of trustees. [44] [45]
Munger, who passed away late last year, often alluded to the fact that their investment success was based on exploiting market inefficiencies and being contrarian.
Critics have blasted Munger's plans as resembling a prison more than a dorm, as over 90% of the building's 4,500 students would have windowless rooms.
Munger Hall was a planned residence hall at the University of California, Santa Barbara designed by billionaire businessman Charlie Munger. The building's design meant that most rooms would not receive natural light, eliciting a negative reaction from students, architects, and community members. The project was cancelled in 2023.
Charlie Munger, the vice-chairman of Berkshire Hathaway and Buffett's business partner, was CEO and chairman of Wesco from 1984 to 2011. Munger, formerly a practicing attorney , is known for his straight-shooting style and his conduct at the now discontinued Wesco shareholder meetings in Pasadena, where he used to interact with the outside ...
Munger was "a punk rocker of Wall Street," Lee Munson, Portfolio Wealth Advisors president, said on Yahoo Finance Live. He "wanted to do things other people didn’t want to do," added Bill Smead ...
As described by Michael Broggie in the 2005 book “Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger,” Munger’s family fared comparatively well during the Great Depression ...