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Warren Buffett’s longtime business partner Charlie Munger will on Thursday address shareholders of the Daily Journal, the Los Angeles-based publishing company where he serves as chairman.
The billionaire Munger, who turned 95 on New Year’s Day, is credited by the Oracle of Omaha for transforming Buffett’s initial bargain-based buying strategy and molding it into a long-term value strategy. Munger and Buffett have been partners for about 60 years.
Munger will speak with CNBC’s Becky Quick following his annual speech.
Munger is one of the most celebrated investors in history and played a crucial role in Buffett’s success. Munger’s investing prowess preceded his move to Buffett’s Berkshire. From 1962 to 1975, Munger’s investment partnership generated 20 percent annual returns versus the S&P 500’s 5 percent. Read more about his investment strategy here .
The billionaire’s annual comments from the Daily Journal meeting, where he takes questions from shareholders, have been shared on Wall Street among his many followers for years.
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