Timeline
Go through Charlie Munger lifetime
1924
Charlie Munger was born on Jan. 1, 1924, in Omaha, Nebraska, to Florence “Toody” Russel and Alfred Case Munger.
1941
Charlie Munger attended the University of Michigan, where he studied mathematics. Munger also joined the Sigma Phi Society.
1943
Munger left school to enlist in the Army Air Corps, where he became a second lieutenant. He also developed an “important skill”: card playing.
1948
Munger graduated magna cum laude with a J.D. at Harvard Law School without finishing college. Munger was also a member of the Harvard Legal Aid Bureau.
1959
Munger moved back to Omaha, where he met Warren Buffett at a dinner party. Buffett and Munger started discussing investing ideas; Buffett eventually convinced Munger to quit practicing law and begin his own investing firm.
1962-1976
Munger operated Wheeler, Munger and Co., an investment counseling firm. The partnership returned on average 24.3% per year, outperforming the Dow’s return of 6.4% per year.
1965
Munger encouraged Buffett to follow an investing approach emphasizing high-quality stocks. Berkshire invested in See’s Candy.
1978
Munger became vice-chairman of Buffett’s Berkshire Hathaway. Munger sought quality and encouraged Buffett to follow the same investing approach.
1984-2011
Munger served as chairman and CEO of Wesco Financial, which began as a savings and loan association. Wesco acquired several Wesco, including Mutual Savings, Precision Steel, CORT Furniture Leasing and Kansas Bankers Surety Company.
1979
Wesco acquired Precision Steel for approximately $15 million. The company operates a steel-warehousing business with headquarters in Chicago and other offices in Los Angeles and Charlotte, North Carolina.
1985
Wesco launched in co-venture with Berkshire a Nebraska-chartered insurance company Wesco Financial Insurance Company (Wes-FIC). Wes-FIC operated the Fireman’s Fund from 1985-89.
2013-2023
Charlie Munger served as chairman of the Daily Journal.
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