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I'm Carol Maser and I'm Tim Steneuveck. On Tuesday we learned of the passing of Charlie Munger,

known for helping Warren Buffett build Berkshire Hathaway. We get more from Bloomberg's John Tucker.

Charles Munger served as alter ego sidekick and foiled to Warren Buffett for

almost 60 years as they transformed Berkshire Hathaway from a failing textile maker into an

empire. A lawyer by training, Munger helped the

Buffett craft a philosophy of investing in companies for the long term.

And even as his partner became a worldwide celebrity, known far and wide as the Oracle of Omaha,

Mungur believe Berkshire's success would outlast Buffett's star power.

In my opinion, Berkshire will flourish after Warren's gone.

I don't think anybody is essential given the momentum we now have in place.

He didn't overstate his own importance either,

sharing his vice chairman title at Berkshire in 2018

with two next generation senior executives and affirming the company's commitment to a succession

plan.

I'm John Tucker, Bloomberg Radio.

That was Bloomberg's John Tucker.

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