Legendary Investment Guru Charlie Munger Passes Away at 99 - Which Chinese Stocks Did He Invest In?
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On Tuesday (November 28) local time, Berkshire Hathaway announced on its subsidiary Business Wire that company vice chairman Charlie Munger passed away peacefully at a California hospital that morning at the age of 99, according to a statement from his family minutes prior.
In addition to serving as Warren Buffett's right-hand man at Berkshire, Munger also held board positions at Daily Journal Corporation and Costco. According to Forbes data, Munger's net worth stood at $2.6 billion as of November 28.
Munger was born on January 1, 1924, just one month shy of his 100th birthday. In his youth, he was an avid reader with broad interests spanning history, science, philosophy, and literature.
Early in his career, Charlie Munger practiced law but gradually developed a strong interest in investing. His life trajectory changed after meeting Buffett. Sharing similar philosophies, they began investing together and co-founded Berkshire Hathaway in 1965. Their investment strategy focused on long-term holdings and value investing, emphasizing fundamental analysis and intrinsic business value. This approach led Berkshire Hathaway to remarkable success over decades.
In a 1977 interview, Buffett recalled: "Our ideas were so similar it was almost spooky." "He's the smartest, best person I've ever met." Buffett credited Munger with expanding his investment approach from favoring distressed bargain companies to focusing on higher-quality businesses trading at reasonable prices.
Buffett wrote in the press release: "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom, and participation."
Which Chinese Stocks Did Munger Invest In?
Munger invested in the following Chinese stocks: By-Health, Shanghai Jahwa, Dong-E-E-Jiao, Double Arrow, Yonghui Superstores, Shuanghui Development, and Fosun Pharma. White horse stocks refer to high-performing equities with consistent returns and strong investment value. Information about such stocks is publicly available, with transparent performance metrics combining excellent results, high growth potential, and low risk - making them attractive to investors. These stocks typically exhibit sustained slow-bull climbing trends, occasionally showing stronger upward momentum.
Stocks represent ownership certificates issued by joint-stock companies. They are securities distributed to shareholders as proof of ownership and means to obtain dividends, serving as fundraising instruments for corporations.
Dong-E-E-Jiao is a brand under Shandong Dong-E-E-Jiao Co., Ltd., a manufacturer of ejiao (donkey-hide gelatin) products established in 1952 and headquartered in Dong'e County, Shandong. The company operates in traditional Chinese medicine, health products, and biopharmaceutical sectors. Its A-shares listed on the Shenzhen Stock Exchange in July 1996, and it was acquired by China Resources Pharmaceutical under China Resources Group in 2008.