Stephen O’Halloran, director of ASP Private Wealth, doesn’t hesitate to name his favourite Charlie Munger quote, “I’ve got nothing to add”. Munger was famous for delivering the line at the Berkshire Hathaway annual general meeting after chairman Warren Buffett would refer a shareholder query to his vice chairman.
Buffett would later say of his great friend’s unwillingness to take the limelight: “Sometimes he subtracts!”dismissing tech stocks, cryptocurrencies and even artificial intelligence with brutal one-liners. But O’Halloran, who has attended 14 of the last 16 Berkshire Hathaway AGMs in Buffett’s hometown of Omaha and met the legendary investor on several occasions, says Munger’s role in turning Berkshire into the $US785 billion ($1.2 trillion) giant it is today cannot be understated.Before the GFC, when the Berkshire AGM hadn’t become the circus it is today, Munger and Buffett would meet the 100 or so attendees from outside North America at a special functio