The curtain call of a generation of legends! Charlie Munger: Eventually we have to go solar

Legendary investment guru Charlie Munger died last Tuesday in California at the age of 99, Berkshire Hathaway said in a statement posted on the Business Wire website on

November 28.

, however, in Buffett's eyes, " Berkshire Hathaway could not have grown to where it is today without the inspiration, wisdom and involvement of Charlie Munger.". According to the

data, Charlie Munger's investment career began in the 1960s and lasted from 1962 to 1975. After

knowing Buffett for 19 years, Munger joined Berkshire Hathaway in 1978 and spent the next 46 years. Together with Buffett, he created the best investment record in history-the book value of Berkshire stock is 20 per year.

In terms of investment strategy, Munger changed Buffett's previous preference for buying troubled companies at a low price in order to make profits. And move to focus on high-quality companies .

Under this strategy, in September 2008, Buffett was advised by Munger to 2. In the following ten years, BYD brought Buffett a lot of returns, and the two gained more than 40 times. The significance of

this investment can not be measured by money alone. The investment in BYD has not only become a bright spot in Munger's investment career, but has been talked about by the old man for more than ten years. At the same time, it has brought a new leader to the rise of China's new energy automobile industry.

September, Munger and Buffett were invited by BYD to participate in the latter's important cooperation with the Xizang mining industry, when BYD was breaking through the resource constraints on upstream lithium mines. On the one hand, this move shows that Munger attaches great importance to BYD, on the other hand, it also shows that he was optimistic about the lithium power field at that time.

Of course, apart from being optimistic about lithium power, Munger is also very interested in photovoltaic, wind power and other fields. Speaking at the University of Michigan

back in 2010, this gentleman asserted that new energy would be the target of investment and the key to revitalizing the economy. I will promote the largest infrastructure plan you have ever seen to obtain electricity from renewable energy sources, Munger said, and mankind will inevitably face the depletion of basic energy sources, and "uranium" energy will be mined one day. At the end of the day , we have to use solar energy .

Twelve years later, in 2022, at the Berkshire shareholders'meeting in February, he once again said that the development of new energy sources such as wind energy and photovoltaic energy should be encouraged. Solar energy and wind energy are renewable energy sources, and I like them very much.

At present, Berkshire, led by Munger, has a layout in the main areas of new energy. Among them, wind power accounts for 63%, photovoltaic 24%, water power 9% and geothermal 4%.

By the end of 2022, Berkshire Hathaway Energy had invested more than $31.6 billion in its own wind, solar and geothermal energy projects.

In 2022, the division is expected to easily exceed the recent national (U.S.) average and generate nearly half of its total electricity from renewable sources such as wind and solar. Berkshire will soon generate 45% of its electricity from wind, solar, geothermal and hydroelectric power when plants under construction are included.

In 2022, the energy composition

of Hathaway Energy's operations in photovoltaic power generation , as of December 31, 2022, BHE's total investment in photovoltaic power generation amounted to $7.3 billion. The installed capacity in California is 1.

Meanwhile, NV Energy plans to put 525 MW of contracted solar resources into commercial operation by August 2023, and plans to have 400 MW of self-owned solar resources and 1.

At present, Hathaway Energy is still one of the largest utilities and renewable energy companies in the world, with a valuation of more than $700 billion. In the third quarter of this year, it achieved its highest single-quarter profit ever-100.

, in an interview with Yahoo Finance in 2022, He did not shy away from expressing his love for oil and fertilizer, which he thought were very precious things . In order to preserve this treasure, Munger hopes not to rush to use them up quickly. " I (Munger) am very encouraged by the renewable energy obtained from solar and wind energy using modern technology."

However, no matter what reason Munger has fallen in love with new energy, his optimism and investment in the field of new energy over the years will undoubtedly make a great contribution to the past, present and future of the world's energy revolution.

Now, the man has passed away, the wisdom is still there, the investment community has lost a legend, and no one in the world can hear the phrase "I have nothing to add".