Berkshire Hathaway's Charlie Munger Shows a Golden Touch

He profits from plunging into stocks during the panic of 2009
“All of a sudden [he] hits the bottom perfect” Photograph by Jonathan Alcorn/Bloomberg

Following Warren Buffett’s investing moves is an obsession for many stock market players seeking to emulate the billionaire’s exceptional returns. Some investors and money managers also keep a careful eye on the activity of Buffett sidekick Charles Munger, Berkshire Hathaway’s vice chairman. Of special interest lately has been Munger’s success investing the cash of Daily Journal—publisher of 10 newspapers and California Lawyer magazine—where Munger, who owns 3.7 percent of the stock, serves as chairman.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.