31 Facts About Charlie Munger

Charles Thomas Munger was born on January 1,1924 and is an American businessman, investor, and philanthropist.

Charlie Munger is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his closest partner and right-hand man.

Charlie Munger served as chairman of Wesco Financial Corporation from 1984 through 2011.

Charlie Munger is chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

Charlie Munger's grandfather was Thomas Charles Munger, a US district court judge and state representative.

Charlie Munger enrolled in the University of Michigan, where he studied mathematics.

When he applied to his father's alma mater, Harvard Law School, the dean of admissions rejected him because Charlie Munger had not completed an undergraduate degree.

Charlie Munger maintained that treating the shares of a company like baseball cards is a losing strategy because it requires one to predict the behavior of often irrational and emotional human beings.

Charlie Munger then gave up the practice of law to concentrate on managing investments and later partnered with Otis Booth in real estate development.

Charlie Munger then partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange.

Charlie Munger was previously the chairman of Wesco Financial Corporation, now a wholly-owned subsidiary of Berkshire Hathaway.

Charlie Munger believes that holding a concentrated number of stocks that he knows extremely well will in the long term produce superior returns.

Charlie Munger's meetings were nearly as legendary in the investment community as those he co-hosts with Buffett in Omaha.

Such meetings were often perfunctory, but Charlie Munger interacted with the other Wesco shareholders at considerable length, sometimes speculating about what Benjamin Franklin would do in a given situation.

Charlie Munger uses the term "Lollapalooza effect" for multiple biases, tendencies or mental models acting in compound with each other at the same time in the same direction.

Charlie Munger is a major benefactor of the University of Michigan.

In 2007, Munger made a $3 million gift to the University of Michigan Law School for lighting improvements in Hutchins Hall and the William W Cook Legal Research Building, including the noted Reading Room.

In 2011, Charlie Munger made another gift to the Law School, contributing $20 million for renovations to the Lawyers Club housing complex, which will cover the majority of the $39 million cost.

On December 28,2011, Charlie Munger donated 10 shares of Berkshire Hathaway Class A stock to the University of Michigan.

Munger and his late wife Nancy B Munger have been major benefactors of Stanford University.

Charlie Munger has donated to universities on the precondition that the universities follow his architectural blueprints exactly.

Charlie Munger designed the residence, which houses 600 single bedrooms, most of which are designed to be windowless.

Charlie Munger has been a trustee of the Harvard-Westlake School in Los Angeles for more than 40 years, and previously served as chair of the board of trustees.

In 2009, Charlie Munger donated eight shares of Berkshire Hathaway Class A stock, worth nearly $800,000, to Harvard-Westlake.

In 2006, Charlie Munger donated 100 shares of Berkshire Hathaway Class A stock, then valued at $9.2 million, to the school toward a building campaign at Harvard-Westlake's middle school campus.

In October 2014, Charlie Munger announced that he would donate $65 million to the Kavli Institute for Theoretical Physics at the University of California, Santa Barbara.

In March 2016, Charlie Munger announced a further $200 million gift to UC Santa Barbara, conditioned on the university's commitment to spend it on an undergraduate dormitory of Charlie Munger's own unconventional design preferences, notably windowless bedrooms and common areas, while tripling the record gift he gave for the Kavli Institute for Theoretical Physics.

In 1945, while studying at Caltech, Munger married Nancy Huggins, daughter of Frederick R Huggins and Edith M Huggins.

Charlie Munger was a Pasadena native who had been Munger's sister's roommate at Scripps College.

Charlie Munger is a Republican and has provided his opinions on a number of political topics including the policies of the Trump administration.

Charlie Munger repeated his sentiments in another interview, praising Singapore's single payer system in contrast to the US "insane" system which is a "national disgrace".