Charlie Munger
Vice chairman of Berkshire Hathaway and chairman of Wesco Financial from 1984 to 2011. Wrote Wesco's shareholder letters and gave the talks collected in Poor Charlie's Almanack. Died in 2023; this page reflects his complete public record.
Charlie Munger did not write this page. What is this?
It collects the places they publish and what they have said there, each linked to the source. They have no account here. Is this you? Claim it, correct it, or ask us to remove it from ppll.
Where they publish
Newsletter Letters to Wesco Shareholders Annual letters to Wesco Financial shareholders, 1983 to 2009. No feed -- a static archive.
His own account of Wesco's results and reasoning, written every year while he chaired the company. Wesco merged fully into Berkshire Hathaway in 2011.
Links
Link verified 8 Sept 2026.
Beliefs
Korrents What they believe 1 beliefs — each backed by an exact quote.
Each is a — compiled by korrents.com, not by them: the one-line wordings are korrents', the quotes are theirs.
Recent
Wesco was not just a smaller, equally good version of Berkshire -- each dollar of its book value was plainly worth less, and the gap was widening in Berkshire's favor.
Wesco is not an equally-good-but-smaller version of Berkshire Hathaway, better because its small size makes growth easier. Instead, each dollar of book value at Wesco continues plainly to provide much less intrinsic value than a similar dollar of book value at Berkshire Hathaway.
Wesco Financial Corporation 1997 Letter to Shareholders Said 13 Mar 1998
What is a korrent?
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Under a name here, the quoted block is what they actually said. The korrent beneath it is the claim those words support, in korrents' wording — tap it to see the record, its source, and who else holds it.
Nobody here wrote their own korrents. They are compiled from public statements, and a person can change their mind, which is recorded too.