Despite Charlie Munger's Passing, Berkshire Hathaway's Ethos Is Unwavering -- Which Is Precisely What "Buffett's Right-Hand Man" Would Want
Last week, on Nov. 28, Charlie Munger, who represented one-half of Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) dynamic duo, passed away less than five weeks shy of his 100th birthday.
Without question, Munger will be remembered for his investing prowess. Although Berkshire Hathaway CEO Warren Buffett receives most of the attention from Wall Street and investors, Munger helped oversee a 19.85% annualized return in Berkshire's Class A shares (BRK.A), equating to an aggregate gain of better than 345,000%, in his 45 years as executive vice chairman.
However, Munger's greatest and longest-lasting contribution isn't going to be what investments he correctly called. Rather, it's the culture he instilled in Berkshire Hathaway's investment team -- including CEO Warren Buffett.
Source Fool.com
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