Lessons Charlie Munger taught businesses

While The Washington Post called Munger Buffett's “sidekick,” The economist's headline said he was much more than that, “a paragon of common sense,” while The Financial Times said he “offers lessons in creating meaningful wealth.”

The Wall Street Journal said he was “Robin to Warren Buffett's Batman, a business equivalent of the Edge rocking with the Bono of investing.”

Tributes have been flowing throughout the US, in Britain, as well as in China and here at home in New Zealand and none more so than at Fisher Funds, a funds management business founded on similar buy and hold investment principles that Munger espoused.

Munger claimed the big money was not in trading but in buying quality stocks and waiting.