Warren Buffett Once Thought Charlie Munger Was 'Losing His Hearing' — Only To Realize This Awkward Truth

Warren Buffett erstwhile shared a memorable communicative astir the precocious Charlie Munger's supposedly failing hearing, lone to observe successful an awkward twist that the occupation wasn't Munger astatine all.

During Berkshire Hathaway's 2014 yearly shareholder meeting, Buffett entertained the assemblage with a lighthearted anecdote astir increasing older alongside his longtime concern partner.

He told investors helium had go disquieted that Munger, past successful his 90s, mightiness beryllium "losing his hearing."

Buffett said helium adjacent asked a doc for proposal connected however to grip the delicate issue. The doc suggested a elemental test: Speak to Munger from crossed the room, past halfway, and yet close beside him to gauge whether helium responded.

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According to Buffett, helium followed the instructions carefully. From crossed the room, helium called out, "Charlie, I deliberation we ought to bargain General Motors astatine 35. Do you agree?"

There was nary reaction. He moved halfway and repeated the aforesaid sentence. Still nothing. Finally, lasting close adjacent to Munger's ear, Buffett asked erstwhile more.

Munger's deadpan reply: "For the 3rd time, yes."

The punchline, of course, revealed that Buffett—not Munger—was the 1 who hadn't been proceeding the responses.

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Last year, Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) held its archetypal yearly gathering since Munger's decease successful November 2023 astatine property 99.

The 2024 gathering successful Omaha marked the extremity of an era. For decades, Buffett and Munger appeared onstage together, offering candid concern wisdom, blunt wit and insights that drew thousands of shareholders from astir the world.

Munger, who partnered with Buffett since 1959, helped reshape Berkshire's philosophy. He famously pushed Buffett distant from cigar-butt investing — buying failing companies simply due to the fact that they were inexpensive — and toward acquiring high-quality businesses astatine just prices.

Munger served arsenic Berkshire's vice president and held roles astatine Daily Journal Corp. and Costco portion maintaining a estimation for blunt, incisive commentary connected markets, quality behaviour and adjacent cryptocurrencies. His power stretched acold beyond Omaha.

Born connected Jan. 1, 1924, Munger near the University of Michigan to articulation the U.S. Army Air Corps, wherever helium trained arsenic a meteorologist and became a 2nd lieutenant, aboriginal continuing his meteorology studies astatine Caltech successful Pasadena, California, which helium made his semipermanent home.