Buffett's long-time partner Charlie Munger, vice chairman of Berkshire Hathaway, passed away on Tuesday local time at the age of 99.
Munger and Buffett's friendship lasted a lifetime. In the middle of this month, during his last interview before his death, Munger was still defending his old friend.
At the beginning of this month, a non-profit research media raised questions in an article, saying “Buffett's personal stock account and Berkshire have traded the same stocks for a similar period of time.”
The article claims that they extracted Buffett's personal transaction records from “leaked IRS data,” showing that he reported at least $466 million in personal account stock sales between 2000 and 2019. Buffett has always emphasized that his personal investment portfolio is separate from the company's holdings. But data shows he may have lied.
In response to this, Munger defended his old friend in a television interview broadcast on November 16, and was even furious in his excitement.
Munger said, “I am convinced that there is no slightest possibility that Warren Buffett will do extremely bad things to make money for himself. He is more concerned about Berkshire's development than his own wealth. He has donated all his money, and he doesn't even own it anymore.”
During the conversation, Munger even spoke harshly, stressing that Buffett had donated all his money; he did it all. The gang also said that XXXX used Berkshire to make money (for himself). Munger also called the article “yet another ridiculous statement against Berkshire.”