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Charlie Munger passed away at 99 years old on Tuesday, leaving an incredible mark on the field of investing and business.
Munger, Berkshire Hathaway's (BRK-B) vice chairman and Warren Buffett's right-hand man, was a true legend of the investing field.
The word legend gets tossed around a lot these days, but Munger was the true definition of it.
He, along with Warren Buffett, changed how millions of people worldwide invest — how they invest their hard-earned money, how they invest their time, you name it, these two guys have done it.
Munger was a critical thinker, an avid reader, and indeed didn’t march to anyone’s drum (as seen in one of his appearances on Yahoo Finance). He got people to think differently about capital and the world, while at the same time making a fortune from his approach to business and life.
A mind like Munger's will be missed.
Yahoo Finance connected with several C-suite leaders who were in Munger's sphere. Below are their statements.
Costco (COST) CEO Craig Jelinek (Munger was a longtime board member of Costco)
"He was a legend to me. A tremendous asset to Costco."
American Express CEO Steve Squeri (Amex is a longtime holding of Berkshire)
"My thoughts are with Charlie Munger’s family, my friend Warren Buffett, and everyone at Berkshire Hathaway — the iconic company they built together. Charlie was a legendary investor, and his philosophy of investing in great businesses that could stand the test of time will continue to be emulated for generations to come."
Coca-Cola CEO James Quincey (Coke is a longtime holding of Berkshire)
"Charlie was exceptional; he was a savvy business mind whose innovative insights left an indelible mark and genuinely made our world better."
Bank of America CEO Brian Moynihan (BofA has long been a holding of Berkshire)
"Charlie Munger was a legendary figure in the investment community. There are many who benefited greatly from his wisdom."
Brooks Running CEO Jim Weber (Brooks is owned by Berkshire)
"What a milestone for Berkshire to lose Charlie at 99. For me he was wisdom personified."
See's Candies CEO Pat Egan (See's is owned by Berkshire)
"I have such great respect for Charlie and am sad this day has come. His words and wisdom will outlive us all."
Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.
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