NEWCOMERSTOWN − More than 120 family members, friends, and former employees gathered at Christ Methodist Church’s River of Life on April 13 to celebrate the retirement of Charles “Charlie” Lenzo, master photographer at Lenzo Studio Inc. It was also the 75th anniversary of the business. Charlie’s dad, Carl, purchased Bright Studio in 1947 and renamed […]
The late Charlie Munger, the esteemed investor and vice chairman of Berkshire Hathaway Inc., chose a path less traveled by those of immense wealth. Known for his sharp wit and wise investment strategies, Munger amassed a fortune but remained dedicated to a remarkably modest lifestyle. For over 70 years, he lived in the same understated […]
Years before Tesla Inc. became a household name, the late Berkshire Hathaway Inc. Vice Chairman Charlie Munger had the opportunity to invest in the company but declined. Tesla CEO Elon Musk recalled Munger’s prognostications with a blend of respect and resolve, acknowledging potential challenges while maintaining his commitment to Tesla’s mission. In a February 2022 […]
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Charlie Munger, the man who served as legendary investor Warren Buffett’s right-hand man for decades, died in December, just shy of his 100th birthday. Buffett credits him as the “architect” of Berkshire Hathaway Inc. and referred to him as “part older brother, part loving father.” Munger is renowned for his insightful and often blunt advice. […]
Charlie Burnside, a businessman who transformed a doughnut shop into a regional brand and was well-known for his colorful promotions that often reflected his conservative political views, has died. He was 78. He started in the doughnut business when he was a child, buying bags of doughnuts from his father’s shop, Burnside Donuts, for 20 […]
Warren Buffett, CEO of Berkshire Hathaway, and former vice chairman Charlie Munger.JOHANNES EISELE/AFP via Getty Images Warren Buffett hailed Charlie Munger as the “architect” of Berkshire Hathaway in his annual letter. The investor also called out stock-market gamblers who buy “hot stocks” and “lottery tickets.” Buffett dismissed forecasters, warned Berkshire’s scale is a challenge, and nodded to […]
Warren Buffett’s annual letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders published Saturday morning marked the first missive sent to his investors since his longtime right-hand man, Charlie Munger, died last November at 99 years old. To begin his letter to Berkshire shareholders, Buffett reminded readers of the role Munger played in creating what is now […]
OMAHA, Neb. (AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett […]
A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear. During Buffett’s company, Berkshire […]
Tiger Woods’ son Charlie will attempt to qualifying for next week’s Cognizant Classic, PGA Tour officials have revealed. The 15-year-old will compete in Thursday’s pre-qualifier at Lost Lake Golf Club in Hobe Sound, Florida, which is one of four pre-qualifying sites. Approximately 25 players and ties will advance to the full qualifier on Monday, February […]
In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure […]