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Tributes were paid to Charlie Munger, who died aged 99. Mr Munger was Warren Buffett’s long-standing partner at Berkshire Hathaway. Their friendship stretched back to Mr Buffett’s first investments in the 1950s. Mr Munger joined the holding company’s board in 1978. Mr Buffett credited Mr Munger with breaking “my cigar-butt habits” and driving company strategy, once telling shareholders that he was merely the contractor while Mr Munger was the architect of the business’s growth.

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