"Mr. Munger was often viewed as the moral compass of Berkshire Hathaway, advising Mr. Buffett on personnel issues as well as investments. His hiring policy: "Trust first, ability second."
Mr. Buffett has described him as the originator of Berkshire Hathaway's investing approach. "The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices," Mr. Buffett once wrote in an annual report." [1]
1. Charles T. Munger, Buffett's One-of-a-Kind No. 2, Is Dead at 99: [Biography]. Andrew Ross Sorkin; Hershey, Robert D, Jr. New York Times, Late Edition (East Coast); New York, N.Y.. 30 Nov 2023: B.12.
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