Shulou(Shulou.com)12/24 Report--

CTOnews.com, Nov. 29 (Xinhua)-- Berkshire Hathaway issued a statement on its subsidiary US business information website on Tuesday, local time, that investment genius and Warren Buffett's right-hand man, Charlie Munger, has died at the age of 99.

This afternoon, BYD issued an official message of condolence, paying the deepest respect to Mr. Munger. The full text of CTOnews.com is as follows:

On November 28, we lost a dear friend of our mentor, Mr. Charlie Munger, a legendary and wise centenarian, a symbol of wisdom and foresight.

Mr. Charlie Munger is one of the greatest investors of our time, setting an immortal benchmark for the investment community. He is also a generous philanthropist who has made outstanding contributions in the fields of education, health care, culture and scientific research.

Mr. Munger has been firmly optimistic about the Chinese market, and in 2008, we were fortunate to have his recognition, and Berkshire Hathaway became an important shareholder of the company. This is the first time that the company has been recognized by the top international investment institutions, which has injected strong confidence and motivation for us to stick to the new energy vehicle industry.

We pay our deepest respect to Mr. Munger, whose wisdom and spirit will remain in our hearts forever.

In addition, this morning, Apple CEO Tim Cook also sent a message of condolences, saying that "Charlie Munger is a business giant, an observer with a keen insight into the world, he helped build a model of an American company, and inspired a generation of leaders through his wisdom and insight."

According to public data, Munger was born in Omaha, Nebraska on January 1, 1924. He graduated Magna cum laude from Harvard Law School in 1948 and went straight to California court to become a lawyer. He has been vice chairman of Berkshire Hathaway since 1978.

The old man has teamed up with Buffett over the past 46 years to create the best investment record ever-the book value of Berkshire shares created an investment myth with an average annual compound return of 20.3%, with the share price rising from $19 to $84487.

The industry likens Munger to Buffett's golden partner, as well as the "behind-the-scenes think tank" and "the last secret weapon". Its popularity and transparency in the outside world has been very low, and its wisdom, value and contribution have been seriously underestimated by the world.

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