Many people have written and talked about how Munger, whom I knew and liked for more than 40 years, had a dry wit and convinced Buffett, a fellow Omaha native, to start buying good companies at reasonable prices rather than making cheap purchases of “cigar butt” remnant companies that had only a few puffs left. But I had a totally different reaction: did Munger’s death mean that I should bail out of my Berkshire Class B stock, which I bought in early 2016?
Berkshire Hathaway, Mastercard, ServiceNow, Applied Materials and Stryker are included in this Analyst Blog.
Munger was a fantastic investor, but the culture he instilled at Berkshire will be his lasting legacy.