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Charlie Munger made a contrarian bet at 99, doubling his money, and clashed with Elon Musk over taking risks, friend recalls

By Sports Wire on January 7, 2025

BERKSHIRE BUFFETT MUNGER 2021
The late Charlie Munger (right) was Warren Buffett's business partner.

SCOTT MORGAN/REUTERS


  • Charlie Munger doubled his money on a contrarian bet at age 99, Li Lu says.
  • Warren Buffett's late partner read Barron's for 50 years and only found one stock to buy, Li said.
  • Li recalled a lunch with Elon Musk and Munger that showed their huge differences in risk tolerance.

Charlie Munger was still sniffing out bargains and scoring big gains at age 99, says a close friend of the late investing icon.

Munger, Warren Buffett's business partner and Berkshire Hathaway's vice chairman for more than four decades, died in late November 2023, about a month shy of his 100th birthday.

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