Charlie Munger - Charles Thomas Munger issued to Maracaibo Oil Exploration Corp. - 1964 dated Extremely Rare Oil Stock Certificate
Inv# OS2167 Stock
1964 dated Stock printed by American Bank Note Company. Issued to Charles "Charlie" Munger. Not Signed. Never seen before. Newly Discovered.
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American investor, businessman, and philanthropist. He served as vice chairman of Berkshire Hathaway, the conglomerate led by Warren Buffett, who referred to Munger as his closest associate and right-hand man. Munger was also the chairman of Wesco Financial Corporation from 1984 to 2011. In addition, he chaired the Daily Journal Corporation in Los Angeles and was a director at Costco Wholesale Corporation. Known for his emphasis on ethics, Munger once remarked at the 2009 Wesco annual meeting, "Good businesses are ethical businesses. A business model that relies on trickery is doomed to fail."
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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