Warren Buffett's first letter to Berkshire Hathaway shareholders since Charlie Munger's passing began with an ode to the legendary investor.
Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what has become his more than $900 billion, Omaha, Nebraska-based conglomerate.
Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger. In his widely-read annual letter to Berkshire shareholders Buffett said his more than $900 billion conglomerate has become a fortress that could withstand even an unprecedented financial disaster. "Berkshire is built to last," Buffett wrote.