“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
Age: 94 , Vice Chairman of Berkshire Hathaway
Assets Under Management (AUM): $702.1 billion
Image source: flickr
Here’s another highly successful investor that was mentored by the “Father of Modern Investing,” Benjamin Graham. His name is Charlie Munger, and he is currently Vice Chairman of Berkshire Hathaway – which is currently the 8th-largest private employer in the United States. The CEO of the organization, Warren Buffett, has often described Munger as his partner.
Apart from Berkshire Hathaway fame, Mr. Munger is held in high regard for his success as chairman of Wesco Financial Corporation – a diversified financial institution that he led from 1984 to 2011. He focuses his strategy on investing in a concentration of high-quality companies with products or services he personally believes in. Charlie is also lauded by the investing community for his philanthropic efforts – having donated hundreds of millions to universities around the country, both public and private institutions.
Next Slide – This Legendary Investor Consider As the
“Queen of Blue-Chip Dividends”
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