Charlie Munger Dies, This Anti-Crypto Figure Dies at the Age of 99

Charlie Munger, Warren Buffet's representative at Berkshire Hathaway. (Photo; Doc. Yahoo Finance)

JAKARTA - One of the leading figures in the world of finance and investment, Charlie Munger, has died at the age of 99. Munger is Warren Buffet's deputy at Berkshire Hathaway, the giant American insurance company.

Munger is known for his important role at Berkshire Hathaway. Among the crypto community, Munger is known as a critic of Bitcoin and other cryptocurriencies.

Munger died in Los Angeles on Tuesday, according to the company's official announcement. His death, announced by his family, occurred peacefully on the morning of November 28 at a hospital in California.

His late colleague and close friend, Warren Buffet, stated that "Berkshire Hathaway could not have achieved its current status without Charlie's inspiration, wisdom and participation."

On the other hand, Munger is also known as a figure who often criticizes crypto assets, especially Bitcoin (BTC). Munger has a firm view on Bitcoin being banned in the United States, as he considers this asset a threat to his country's monetary system and national interests. Munger also often satirizes Bitcoin with negative names, such as "venereal disease", "rat poison" and "delusion".

Not only known as a crypto critic. Munger is also known as a smart and experienced investor, who follows simple but effective principles.

Munger always advises investors to buy things they understand, and back businesses with durable competitive advantages led by leaders with integrity.

Warren Buffet's right-hand man is known as a generous philanthropist, who has donated millions of dollars to various social causes. Based on a Forbes report, Munger's net worth was estimated at 2.7 billion US dollars or around IDR 41.5 trillion in September. Munger's death leaves a big void in the world of finance and investment, especially at Berkshire Hathaway, the company led by legendary investor Warren Buffet.