Charlie Munger never cared about flashy cars or extravagant yachts. For him, wealth was about something far more valuable—freedom. At Berkshire Hathaway's (BRK.A, BRK.B) annual meeting in 2003, he put it plainly: "Like Warren [Buffett,

Berkshire Hathaway CEO Warren Buffett tries to quickly acknowledge and fix his mistakes at work, a lesson he learned from his late business partner Charlie Munger.

Warren Buffett is losing control of Berkshire Hathaway, and hedge fund manager Bill Ackman says it’s time for a new era. The 94-year-old “Oracle of Omaha” has

A member of Costco's board for more than a quarter century, the late Charlie Munger said it should keep doing what it's always been doing.

Berkshire Hathaway chairman and CEO Warren Buffett's annual letter to shareholders touted the company's record tax payments and urged the federal government to spend the money wisely.

In this year’s letter, Buffett addressed the U.S. government while touching upon Berkshire Hathaway’s sizable tax payments. The company paid the IRS a staggering $26.9 billion last year—about 5 percent of what all of corporate America paid, noted the executive.

Warren Buffett is celebrating the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate.

citing Berkshire Hathaway's purchase of insurance giant Geico, the hiring of vice president of insurance operations Ajit Jain and "my luck in finding Charlie Munger as a one-of-a-kind partner ...