Munger was the Vice Chairman of Berkshire Hathaway, a conglomerate run by Warren Buffet. He passed away on Tuesday at the age of 99 in a California hospital.”I had written this about Mr Charlie Munger in last year’s business update. His ideas have had a tremendous influence on me professionally. You’ll be missed, Mr Munger,” Kamath said in a tweet.
“I have been reading and listening to quite a bit of Charlie Munger over the last few days. Every time I go down this rabbit hole, I tend to discover more about myself and what I think Zerodha should be,” the tweet further said.
1) One of the greatest ways to avoid trouble is to keep it simple… the system often goes out of control.
2) I would argue that passion is more important than brainpower.
3) Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.
4) To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.
5) Is there such a thing as a cheerful pessimist? That’s what I am.
6) The best thing a human can do is to help another human being know more.
7) Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won.
The duo of Munger and Warren Buffett is among the most successful pair in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate.
Berkshire Hathaway said in a statement that Munger’s family told the company that he died Tuesday morning at the hospital just over a month before his 100th birthday.
“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation,” Buffett said in a statement. The famous investor also devoted part of his annual letter to Berkshire shareholders earlier this year to a tribute to Munger.
Munger served as Buffett’s sounding board on investments and business decisions, and helped lead Berkshire for more than five decades, and served as its longtime vice chairman.
(With Inputs from Associated Press)
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