There Are Fundamental Differences In The Way That Buffett And Munger Do Things

There Are Fundamental Differences In The Way That Buffett And Munger Do Things by N Mahalakshmi & Rajesh Padmashali, Outlook Business

[munger]

Charlie and Warren have been together for over 50 years. What is the glue that holds them together? You’ve seen them at close quarters.

Honesty, rationality, mutual admiration and respect. They are probably two of the most rational people I have ever met. The result is that their thinking dominates their relationship and how they analyse problems and people. But in the end, it is mutual respect.

So, what works? 

Shared values and different roles; Munger sees Buffett’s wide set of abilities that he brings to bear for Berkshire’s benefit. His analytical skills with numbers, financial analysis,...