Charlie Munger and Warren Buffett: The power of partnership

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Iconic investor and Berkshire Hathaway (BRK-A, BRK-B) Vice Chair Charlie Munger passed away on November 28 at the age of 99 and his impact on the business world is undeniable. George Washington University Professor Lawrence Cunningham and Wall Street Journal Special Writer Gregory Zuckerman join Yahoo Finance Live to weigh in on what made Munger's friendship and business partnership with CEO Warren Buffett so special and unique. Cunningham insists that the most important characteristic in finding similar success to Munger and Buffett is to “find someone to bounce things off of”, noting Munger’s candid approach to advising Buffett “saved Berkshire many billions of dollars." With Munger’s passing many questions about the future of investment have arisen and Zuckerman acknowledges “things have changed" in the investing landscape, but Munger's approach individually and with Buffett has reshaped key principles. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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