Advertisement
Explainer | BYD, Alibaba, Shanghai Jahwa: Warren Buffett’s deputy Charlie Munger leaves behind ‘immortal benchmark’ of legendary China stock bets
- Charlie Munger’s investments included Alibaba and China-listed firms like Henan Shuanghui and Dong-E-E-Jiao
- BYD hails Munger’s role in investing in the company in 2008 and ‘establishing an immortal benchmark in the investment world’
Reading Time:3 minutes
Why you can trust SCMP
Zhang Shidongin Shanghai
Charlie Munger, Warren Buffett’s trusted lieutenant who helped to build Berkshire Hathaway into a US$784 billion investment behemoth from a failing textile company, has died. The Berkshire vice-chairman was 99.
Advertisement
A former lawyer, Munger was a value investor who believed in the philosophy of long-term investments and companies’ intrinsic value. In their years together, the canny investment duo picked out dozens of winners, turning them into demigods in the eyes of adoring investors. Their Midas touch includes a phenomenal 30-fold return on Chinese electric-vehicle maker BYD.
Munger’s portfolio, held through his investment vehicle, US publishing company Daily Journal, included many other Chinese companies such as e-commerce giant Alibaba Group Holding. Munger was the board chairman of Daily Journal.
He also invested in some of China’s biggest onshore listed companies, such as pork processor Henan Shuanghui Investment and Development, and Dong-E-E-Jiao, a traditional Chinese medicine maker that uses donkey hide as an ingredient.
Advertisement
Advertisement