Charlie Munger gives $1.2 million to the University of Michigan

Submitted by dnak438 on

According to the Wall Street Journal:

 

Warren Buffett’s longtime investing partner, Charlie Munger, today disclosed a donation of 10 shares of Berkshire Hathaway stock to the Regents of the University of Michigan.

Sure, 10 shares of Bank of America stock may not add up to much, but Berkshire Class A shares are trading at $115,955 each, meaning Munger’s donation has a current market value of nearly $1.2 million.

Munger was a math major at the University of Michigan, but enlisted in the Army partway through his stint at Michigan. He didn’t graduate from college, but managed to talk his way into Harvard Law School after his military service during World War II.

 

PurpleStuff

January 10th, 2012 at 5:38 PM ^

Charlie Munger gave the commencement address at my law school graduation.  After about 45 minutes, I think we would have given him just about anything in the world if he would just agree to stop talking.

I think the highlight came about halfway through when he commented on "looking out at a sea of Asian faces" (perhaps not realizing we had an LLM program comprised mostly of working lawyers from the Pacific Rim) and began chastizing "us" (Americans?  White people?) for not working as hard as they do.  This was followed by an entertaining 20 minutes during which my buddy (of Chinese descent) kept announcing in a louder and louder voice the sweet karate moves he planned to perpetrate on Mr. Munger's face if he didn't wrap it up soon.

He had no prepared speech and just rambled on and on incessantly, adding "just one more thing" about 8 times, to more audible groaning from the student body each time.

aaamichfan

January 10th, 2012 at 4:53 PM ^

Seems like a great guy. I didn't know this until reading his Wikipedia page a second ago, but he has already donated $26M to the Law School for renovations.