Billionaire’s first $100k

Charlie Munger has an approximate net worth of $1.8B and serves as vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner.

He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation. Munger was born in Omaha, Nebraska.

As a teenager he worked at Buffett & Son, a grocery store owned by Warren Buffett’s grandfather.

In college and the Army he developed “an important skill”: card playing. “What you have to learn is to fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come.”

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