Financial encyclopedia

Charlie Munger, Warren Buffett's good partner and vice chairman of Ba County, died peacefully in a hospital in California at the age of 99. Buffett issued a statement mourning his friends, saying that without Munger's inspiration, wisdom and participation, Ba County could not have reached today's high position.

Munger's remarks not only inspired Buffett, but also wrote books on investment and educated countless investors. Born on January 1, 1924, Munger was seven years older than Buffett. When he was young, he worked in Buffett and Son, a grocery store run by Buffett's grandfather. Munger and Buffett met in 1959 and became best friends.

With Buffett's cooperation for many years, Ba County has become an investment flagship, with a market value of 780 billion US dollars and a share of more than 540,000 US dollars, which is a family heirloom of investors. Forbes estimates that Munger's net worth is $2.5 billion, and Buffett's wealth is $117 billion.

Munger left many aphorisms that with enough models, 90% of the world's problems can be solved with design. His motto is also full of financial wisdom. He once said:

"People with character will take cash and do nothing. I can achieve today because I am unwilling to be mediocre. There are two kinds of mistakes in life, one is doing nothing, and the other is choosing something beautiful in a pile of things to buy. "