Fund Lessons From Charlie Munger

NEW YORK (TheStreet.com) -- Let's take a look at prominent financier Charlie Munger. He has gained a considerable amount of fame due to his association with the second-wealthiest man in the world. While a great investor on his own, he is considered by Warren Buffett to be a partner in Berkshire Hathaway (BRK.A Quote), which has cemented his place among the greats of the financial world.

Prior to joining Buffett, Munger already had a number of accomplishments under his belt. During World War II, Munger served the U.S. military as a meteorologist in Alaska. Upon returning from the war, he applied to Harvard Law School, where he eventually graduated magna cum laude.

Munger's success at Harvard was exceptional considering that, prior to being admitted to the school, though he dabbled in mathematics, Munger lacked an undergraduate degree.

After graduating, Munger worked in California as a real estate attorney until 1965, when he decided to switch his focus over to managing investments. He and another individual formed an investment firm that stayed in business until 1976.

Munger, like Buffett, is a native of Omaha, Neb. In fact, they first met at an Omaha restaurant in 1959. Two years after Munger's investment company closed its doors, he jumped on board full time with Buffett, where he has remained ever since.