Berkshire Hathaway: Munger's Passing Is a Spiritual Loss for the Company and Warren Buffett

We knew Berkshire Hathaway Vice Chairman Charlie Munger's passing was imminent, as he was nearly 100 years old and not in the best of health the past few years. It is certainly a spiritual loss for Berkshire Hathaway and for Munger's investing partner of the past 60-plus years, Chairman and CEO Warren Buffett. In accordance with contemporary corporate operations, we don't expect the event to have too significant of an impact on Berkshire's wide economic moat or our $600,000 ($400) per Class A (B) share fair value estimate.