The late Charlie Munger, former vice chairman of Berkshire Hathaway, expressed his astonishment at the massive conglomerate’s current worth of over $785 billion in his final interview with CNBC’s Becky Quick. Munger, who passed away at 99, revealed, “I did not anticipate … we would ever get to $100 billion, much less several hundred billion.”
In the interview, Munger credited their success to their ability to stay grounded and their longevity, as both he and Warren Buffett were given much longer time to run their business. Berkshire’s biggest investments include Apple, American Express, BNSF, Geico, and See’s Candies.
Munger also stated that both he and Buffett became wiser as they got older and they were able to understand more of the good and bad things that can happen in business. Berkshire Hathaway’s long-term chart is shown below.
The interview with Munger aired by CNBC revealed his disbelief at the immense success of Berkshire Hathaway, which far exceeded his wildest dreams during earlier stages in their business.
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