Difference Between Warren Buffett And Charlie Munger (With Table)

Warren Buffett is a prominent businessman and generous philanthropist. He acts as the chairman and CEO of Berkshire Hathaway, which invests in other businesses and generates revenue and profits from them. Warren Buffett’s name is placed on the list of successful investors because of his ability to invest in the right organizations.

Charlie Munger is best known as the best supporter and adviser of Warren Buffett and serves as the vice-chairman at Berkshire Hathaway. Charlie Munger has worked with Warren Buffett and developed investing strategies that have helped Berkshire Hathaway grow and make profits.

Comparison Table Between Warren Buffett And Charlie Munger

Who is Warren Buffett?

Warren Buffett is famous around the world as one of the most successful investors. Warren Buffett is a businessman who owns and acts as the chairman and CEO of a holding company named Berkshire Hathaway. Berkshire Hathaway owns multiple corporations, and Warren Buffett is credited with a large part of its success.

On 30 August 1930, Warren Edward Buffett was born to Leila and Howard Buffett in Omaha, Nebraska. From a young age, he was interested in business and investing. While in high school, he worked at stores and as a newspaper delivery boy.

Warren Buffett enrolled in the University of Pennsylvania in 1947. However, he took a transfer to the University of Nebraska and graduated in Business Administration with a Bachelor of Science degree. After that, he was accepted at the Columbia Business School. In 1951, Warren Buffett earned his Master of Science in Economics.

Warren Buffett was highly influenced by Benjamin Graham, who taught at Columbia Business School. He chose Columbia Business School after getting rejected by Harvard because he knew Graham taught there. Warren Buffett uses the strategies and techniques that Graham taught him in the business school and often credits Graham for his success.

Who is Charlie Munger?

Charlie Munger is a former real estate attorney, a businessman, and a successful investor. He is also the chairman at Daily Journal Corporation, vice-chairman at Berkshire Hathaway, and the director of Costco Wholesale Corporation. Charlie Munger is popular for devising profitable strategies with Warren Buffett that have helped Berkshire Hathaway grow. Warren Buffett has described Charlie Munger as his closest friend and supporter.

Charles “Charlie” Thomas Munger was born on 1 January 1924 to Florence and Alfred C. Munger in Omaha. Munger used to work in his teenage years. He once worked at a store owned by Warren Buffett’s grandfather. There, he worked with Warren Buffett and developed a strong friendship with him.

After high school, he was selected by the University of Michigan to study mathematics. However, Munger wanted to give his services to the U.S. Army Air Corps and dropped out of college in 1943. Later, he went to study at the California Institute of Technology. He was ordered to study at CalTech as he scored well in a test. After that, he applied to Harvard Law School at graduated from there.

Among other companies, Berkshire Hathaway fully acquired Wesco Financial Corporation where Charlie Munger served as the chairman. Since then, he has worked with Warren Buffett and made some leading investments that have given significant returns.

Main Differences Between Warren Buffett And Charlie Munger

1. The full name of Warren Buffett is Warren Edward Buffet, whereas the full name of Charlie Munger is Charles Thomas Munger.
2. Warren Buffett was born on 30 August 1930, whereas Charlie Munger was born on 1 January 1924.
3. Buffett studied at the University of Nebraska-Lincoln, Columbia University, and the University of Pennsylvania. On the other hand, Munger studied at the University of Michigan, California Institute of Technology, and Harvard University.
4. Buffett served in The Army National Guard, whereas Munger gave his services in the U.S. Army and the U.S. Army Air Corps.
5. Warren Buffett acts as the chairman and CEO of Berkshire Hathaway. On the other hand, Charlie Munger is the vice-chairman of Berkshire Hathaway and director of Costco Wholesale Corporation.
6. Warren Buffett is a member of the United States Democratic Party, whereas Charlie Munger is a member of the U.S. Republican Party.

Conclusion

Both Warren Buffett and Charlie Munger are wonderful personalities, and they both started their life in the same conditions. They were friends from a young age, and since Munger joined Berkshire Hathaway, their friendship has resulted in significant growth of the company. Both Buffett and Munger are successful investors and are equally regarded in the world of business and investing. Warren Buffett and Charlie Munger often credit their years of Army service. Both of them say that they learned many lessons during their service, which they have applied in their investment policies.

To summarize, Warren Buffett was born in 1930 to Leila and Howard Buffett. At Berkshire Hathaway, he plays the roles of CEO and chairman. Charlie Munger was born in 1924 to Florence and Alfred C. Munger. He works at Berkshire Hathaway as the vice-chairman.

References

1. https://books.google.com/books?hl=en&lr=&id=dSV3n4GgaDsC&oi=fnd&pg=PT27&dq=warren+buffett+biography&ots=Xe8t_-7xot&sig=CiZa9hOUhP-ksgbe5cBb-wieXD4
2. https://books.google.com/books?hl=en&lr=&id=t2ANCgAAQBAJ&oi=fnd&pg=PR5&dq=charlie+munger+biography&ots=kit56qMUm-&sig=nG5ytCQs2EaAOq9WcSPSRndUysY