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The other sage of Omaha

Charlie Munger s investment legacy, characterized by investing in good businesses at a fair price, will endure among followers. Despite his undefined role at Berkshire Hathaway, Munger s investment philosophy, combined with Warren Buffett s, formed a formidable team. Their common-sense approach to investment, distinct from machine trading, remains relevant, and Munger s influence guided a generation of money managers. ....

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Warren Buffet: Warren Buffet donates Berkshire Hathaway shares to children's foundations at Thanksgiving

"My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. ....

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