Charlie Munger has passed away at the age of 99, but has left behind a legacy that will live on for generations and has had a positive impact on the business leaders of the future. Charlie was the man behind Warren Buffet, the ultimate support act for the "Oracle of Omaha".


Warren Buffet and Charlie Munger created a $800bn company through the simplicity of ruthless discipline and the wonders of compounding returns. Most importantly both Warren and Charlie walked the walk, despite their monumental personal wealth (Charlie Munger > $2.6bn net worth) their investments remained shares in Berkshire Hathaway. They didn't drive flashy cars, own trendy beach houses or have any outwardly lavish extravagances.

"The big money is not in buying or selling, but in the waiting" Charlie Munger

Berkshire Hathaway achieved achieved consistent returns to its loyal tribe of shareholders that more then doubled underlying market return.

Berkshire Hathaway Share Price

I looked forward to watching the annual Berkshire Hathaway annual meeting, for anyone who has not watched one of the annual events do yourself a favour Youtube - Annual Meeting


Watching these events without Charlie will not be the same, the iconic setup of Warren talking to shareholders and Charlie playing the support act using his words sparingly while the pair drink a can of coke and eat confectionary from one of their many investments.  While the event is bigger then Texas the backdrop is as basic and inexpensive as they come.


In a world where people expect overnight business success, the latest investment trends change with the direction of the wind, and success is measured by the value of the CEOs watch or supercar the business leaders of the future would be well advised to focus on the wisdom left behind by Charlie Munger.


"Those who keep learning, will keep rising in life." Charlie Munger