Money and Finance
Berkshire’s Munger Pledges Record $110 Million to U. Michigan
Thanks to Matt for passing this along.
Charles Munger, vice chairman at Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), pledged $110 million of securities to the University of Michigan to fund fellowships and a graduate-student residence.
The gift is the largest single donation in the school’s 196-year history, the Ann Arbor-based university said yesterday in a statement on its website. The proposed building will have room for more than 600 occupants and contain apartments with as many as seven bedrooms and private bathrooms that share cooking, dining and living areas.
Munger, 89, studied mathematics at the university in the 1940s and has previously contributed $20 million for renovations at a housing complex. The latest pledge includes $10 million for fellowships. Recipients would live in the residence and be chosen from among the university’s 19 schools and colleges to spur interaction among students from multiple disciplines.
Related previous post: Repost: A Conversation with Charlie Munger
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Giving Yourself An Investing Makeover - By Jason Zweig
Link to article: Giving Yourself an Investing Makeover If you set out deliberately and systematically to remake yourself into a great investor, how would you go about it? That is what the money manager Guy Spier has spent much of the past 17 years trying...
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Charlie Munger: Lessons From An Investing Giant - By Jason Zweig
One of the least appreciated virtues in investing is courage. Filings with the Securities and Exchange Commission in March and again this month show the extraordinary gumption of Charlie Munger, Warren Buffett's business partner and vice chairman...
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Berkshire, Buffett, And Munger Links
Before I leave for the Berkshire Hathaway Annual Meeting tomorrow, I thought I’d post some of the more popular and/or recent Warren Buffett and Charlie Munger links. Warren Buffett Videos from CNBC (March 2010) Berkshire Hathaway Speaks Out About Kraft's...
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Warren Buffett Takes Charge
(Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You...
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Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...
Money and Finance