Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.
CNBC
The investing community lost one of its pillars on Tuesday with the death of Berkshire Hathaway vice chairman Charlie Munger, according to Charles Bobrinskoy of Ariel Investments.
He was “a true master of investing,” Bobrinskoy, the firm’s vice chairman, said on CNBC’s “Closing Bell: Overtime” shortly after Munger died Tuesday. “He was a really important voice in value investing and all investments.”
“He was a voice against fraud. He was a voice against irrational activity. He was a voice of reason. He was right there with Warren Buffett during all the great years of Berkshire Hathaway,” Bobrinskoy added.
Munger was 99 years old. Considered by many to be an investing genius, Buffett credited him with broadening his focus on finding high-quality companies that were undervalued rather than buying struggling ones in the hope of a profit.
For more on Munger’s life, see our full obituary of the investing legend.