22:37:22 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Berkshire Hathaway CDR (CAD Hedged)
Symbol BRK
Shares Issued 4,800,000
Close 2023-11-29 C$ 27.45
Market Cap C$ 131,760,000
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Globe/wire say Berkshire's Munger dies at 99

2023-11-29 07:47 ET - In the News

The Globe and Mail reports in its Wednesday edition that Warren Buffett's trusted confidante Charlie Munger died on Tuesday at age 99, leaving a void at Berkshire Hathaway. A Reuters dispatch to The Globe quotes Berkshire saying that Mr. Munger died peacefully at a hospital in California, where he lived. No cause was given. He would have turned 100 on Jan. 1. The death of Mr. Munger, a Berkshire vice-chairman since 1978, marks an end of an era in corporate America and investing. Alongside Warren Buffett, who is 93, Mr. Munger was respected and adored by investors around the world, many of whom flocked to Berkshire's annual shareholder weekends in Omaha, Neb., to hear the duo's folksy wisdom on investing and life. Though Mr. Munger was not involved in Berkshire's day-to-day operations, his death leaves Buffett without his longtime sounding board. Investors also said that while Berkshire has installed managers it could trust to keep the company going, Mr. Munger's loss would be deeply felt, and it prompted an outpouring of sorrow. "He was certainly one of the greatest investors, as a team with Buffett," said Rick Meckler, partner at Cherry Lane Investments in New Jersey. "I'm sure it is an enormous loss for Buffett personally."

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