He then partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange. When he met Buffett over lunch at the Omaha Club, the two began talking about investments and never stopped. He then gave up the practice of law to concentrate on managing investments and later partnered with Otis Booth in real estate development. In 1962, he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP. Munger moved with his family to California, where he joined the law firm Wright & Garrett (later Musick, Peeler & Garrett). He maintained that treating the shares of a company like baseball cards is a losing strategy because it requires one to predict the behavior of often irrational and emotional human beings. Opportunity comes, but it doesn't come often, so seize it when it does come." He also used the card analogy to explain his approach to investing. "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. He used this in his approach to business. In college and the Army, he developed "an important skill": card playing. Munger excelled in law school, becoming a member of the Harvard Legal Aid Bureau and graduating in 1948 with a J.D., magna cum laude. However, the dean relented after a call from Roscoe Pound, the former dean of Harvard Law and a Munger family friend. When he applied to his father's alma mater, Harvard Law School, the dean of admissions rejected him because Munger had not completed an undergraduate degree. Bill Munger took a number of advanced courses through several universities. After receiving a high score on the Army General Classification Test, he was ordered to study meteorology at Caltech in Pasadena, California, the town he was to make his home. Army Air Corps, where he became a second lieutenant. In early 1943, a few days after his 19th birthday, he dropped out of college to serve in the U.S. During his time in college, he joined the fraternity Sigma Phi Society. He enrolled in the University of Michigan, where he studied mathematics. district court judge appointed by Theodore Roosevelt. His grandfather, Thomas Charles Munger, was a state representative and later a U.S. As a teenager, he worked at Buffett & Son, a grocery store owned by Warren Buffett's grandfather, Ernest P. He was also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.Ĭharles Thomas Munger was born on January 1, 1924, in Omaha, Nebraska, to Florence "Toody" (Russell) and Alfred Case Munger, a lawyer. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett Buffett described Munger as his closest partner and right-hand man. This is just a suggestion and a great place to start.Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American businessman, investor, and philanthropist. tv, mini-fridge, microwave, gaming systems Please communicate with your roommate on shared items - i.e.To decorate walls, we suggest command strips, and discourage poster tack/putty. Residents are expected to have minimal decorations which will not damage college property in application.Do not bring any additional furniture such as loft kits, shelves, futons, etc.The bins can then be stored under the bed or in a closet, used as a protective storage for other things, or sent home with your families. Remove bulky items from original boxes and pack them in plastic bins, which can be easily transported.Students will be here awhile and will want to make the dorm room feel like home!.To make it easier on you - and whomever will be assisting you with moving in and out - remember these helpful suggestions/guidelines: Bringing just the essentials will allow for both a speedy move-in and move-out process.
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