MUNGER: Yeah, well, I think he's demented MUNGER: I would rather throw a viper down my shirt front than hire a compensation consultant. 90-year-old Buffett, a man of many words, and 97-year-old Munger, a man of fewer, but his are more pointed. Tonight, we bring you the story of perhaps their greatest accomplishment, sixty years of friendship and the lessons they've learned from each other along the way in business and life. From 1,500 miles apart, the duo built Berkshire Hathaway from a single textile mill to a $650 billion powerhouse, running companies from railroad operator Burlington Northern Santa Fe and insurance company Geico to Fruit of the Loom, Dairy Queen and Clayton Homes and managing a portfolio of $300 billion in shares of companies like Apple, Bank of America and Coca Cola. They met as adults after Munger had moved to his current home, Los Angeles. Buffett, the Chairman and CEO, known as the oracle of Omaha, amassed a more than $100 billion fortune running the conglomerate, acquiring stocks and companies from his office in Omaha, Nebraska and Vice Chairman Munger, who grew up less than a mile from Buffett, a lawyer by training but an investor by practice. BUFFETT: The way to get a good partner is to be a good partner and these are very old-fashioned ideas and they just work so fabulously well.īECKY QUICK: Warren Buffett and Charlie Munger, friends for more than six decades, business partners for more than five, together sitting atop one of the country's biggest companies, Berkshire Hathaway. Munger, donated $43.5 million to Stanford Law School for a graduate student residence.BUFFETT: We knew we were sort of made for each other and we've never had an argument in this whole time, we are strong minded. He serves on the USC Law Board of Councilors and is president of the Alfred C. Like Franklin, Munger has embraced philanthropy in the course of his business success. He also provides tips on finding happiness: “A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.” The book takes its title from Poor Richard's Almanack, published by Benjamin Franklin, who has served as an inspiration to Munger. Kaufman, Munger comments on his business, the stock market, philanthropy, psychology, money management, technology and other topics. In the book Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger is known for mixing advice with humor.
He has been Berkshire Hathaway’s vice chairman since 1979 and is also chairman and CEO of Berkshire subsidiary Wesco Financial Corp., based in Pasadena. Munger is the founding partner of the Los Angeles law firm Munger, Tolles & Olson, but left in 1965 to focus on investing. Also, for those unable to attend the commencement ceremony, USC Law is providing a live webcast of the event. Īdditional information about the commencement ceremony is available on the USC Law Commencement website. USC Commencement The main USC commencement, with keynote speaker Ted Koppel, takes place on Friday, May 11, at 9 a.m.
Law Professor Elizabeth Garrett, university vice president for academic planning and budget, will confer degrees on behalf of the university.įor maps, parking information and directions, click here.Ĭommencement webcast Click here to view a live webcast of the commencement ceremony. candidate and president of the Class of 2007 and Rosemary M. Other speakers during the 90-minute ceremony include Dean Edward J. Forbes lists the self-made Munger as one of the 400 richest people in the United States. Buffett and major contributor to Berkshire Hathaway’s legendary performance record.
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A graduate of Harvard Law School, Munger, 83, is the business partner of Warren E. Munger, vice chairman of Berkshire Hathaway Inc., will present the keynote address.
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Seating is free and available on a first-come, first-served basis.Ĭharles T. The ceremony takes place on the north side of USC’s Alumni Park, near the steps to the Von KleinSmid Center. Charles Munger will speak at May 13 ceremonyįriends and family of the USC Law Class of 2007 are invited to the law school’s commencement ceremony Sunday, May 13 at 11 a.m.
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