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#475: Born in 1924, Charlie Munger was raised during the Great Depression.\nAt the time of his death on Tuesday, his net worth was estimated at $2.6 billion.\nBut Munger\u2019s greatest achievement wasn\u2019t merely the scorecard of his net worth. His wit and wisdom, which Munger shared with the world through his book, Poor Charlie\u2019s Almanack, which made him one of the most respected investors of the last century.\nMunger is the man who taught Warren Buffet how to invest.\nHe\u2019s lauded as the moral compass of Berkshire Hathaway, the company where he has served as vice chairman since 1984.\nHe\u2019s the man who famously said, "In the short run, the market is a voting machine. But in the long run, it is a weighing machine."\nMunger and Buffett met each other in Omaha, their shared hometown, at a lunch at the local Omaha Club, where they were introduced by mutual friends. They instantly connected.\nBuffett was an unknown at the time, but Munger saw his potential.\nMunger\u2019s wife once asked him, \u201cWhy are you paying so much attention to [Buffett]?,\u201d and Munger replied, \u201cYou don\u2019t understand. That is no ordinary human being.\u201d\nTheir business partnership and friendship has lasted for more than 50 years, and Munger played a key role in many of Buffett\u2019s investing decisions.\nHe passed away on November 28, 2023, at age 99.\n\nIn today\u2019s First Friday bonus episode, we pay homage to the late investing legend Charlie Munger.\nFor more information, visit the show notes at https://affordanything.com/episode475\nLearn more about your ad choices. Visit podcastchoices.com/adchoices