Munger Hosts Groupies, Mocks Wall Street, Praises Buffett

Charles Munger became a billionaire helping Warren Buffett build Berkshire Hathaway Inc. into the fifth-biggest company in the world. Looking back, he says his contribution was minimal.

“I think Einstein needed somebody to talk to,” Munger, 90, said yesterday in Los Angeles at a meeting with investors when asked about his five-decade partnership with Buffett. “He wouldn’t have been as good as he was if he didn’t have a talking foil who knew something. And I think I’ve been very useful in that regard.”