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Charles Munger Interview: The Power of Partnership with Warren Buffett

Chairman of Berkshire Hathaway, Charles Munger describes his long business relationship and friendship with Warren Buffett that started in 1959. He discusses what makes a great company, the investment game, and succeeding from knowing the big ideas. Charles Thomas Munger was born in 1924 in Omaha, Nebraska. He studied mathematics at the University of Michigan and dropped out to serve in the U.S. Army. After his service, he studied meteorology at Caltech, and took a number of advanced courses, eventually receiving a J.D. from Harvard Law. He practiced for a short time and left law to concentrate on managing investments and real estate development. Although Munger is better known for his association with Buffett, he ran an investment partnership of his own from 1962 to 1975 and served as chairman of Wesco Financial Corporation. Wesco became a wholly-owned subsidiary of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger has served as the vice-chairman of Berkshire Hathaway, where he and Buffett are close partners. They are one of the main inspirations behind the book Seeking Wisdom: From Darwin to Munger (2003). From the HBO / Kunhardt Film Foundation (KFF) Documentary "Becoming Warren Buffett." With a net worth of over $60,000,000,000, Warren Buffett is truly a one-of-a-kind billionaire. This documentary chronicles Buffett's evolution into one of the wealthiest and most respected men in the world. Subscribe for access to interviews, series, films, and educational materials that address issues of social justice, history, politics, the arts, and culture by spotlighting relatable human stories of purpose and meaning. Learn about our work and how to support our mission here: https://www.lifestories.org/. For extended versions of these interviews and more, visit:    / @lifestoriesinterviewarchive   Follow us on Instagram:   / lifestoriesinterviews   Charles Munger, Warren's Business Partner Interviewed By: Doug Blush Interview Date: June 6, 2016 © Home Box Office and Kunhardt Film Foundation. All Rights Reserved. #CharlesMungerInterview #kunhardtfilmfoundation