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Charlie Munger, Warren Buffett's longtime investing partner, dies at 99
Charlie Munger, one of the most famous investors in the US, died in a Californian hospital on Tuesday. He was best known for his decades of collaboration with Mr Buffett and was vice-chairman of their investment company, Berkshire Hathaway.
The duo were famed for their long run of outperforming the American stock market through so-called value investing and took their inspiration from a 1949 book by Benjamin Graham called The Intelligent Investor.
Mr Buffett forged a career out of making long-term investments in businesses that he thought were well run and in industries he understood and had faith in. While simple in practice, he and Mr Munger proved to be unparalleled in their application of the philosophy.