Posts Tagged ‘Charles Munger’

Connecting the Dots on Five Lives

Sunday, December 10th, 2023

By Bob Gaydos

F80B818B-215B-4E63-966F-0F72A70D1F07  I have always looked at my function as an editorial writer/columnist to not simply subject readers to my opinions on a variety of topics, but rather, to try to help them connect the dots: A plus B equals C. Or maybe it doesn’t. Here’s why.

     This past week, five prominent figures in American society died, one after another, and it seemed, at least to me, that the dots were literally screaming to be connected: Charles T. Munger, 99; Rosalynn Carter, 99; Henry Kissinger, 100; Sandra Day O’Connor, 93, and Norman Lear, 101.

     At first glance, the only obvious dots were their ages. All had lived past 90, two had reached 100 and two just missed. Good living? Good genes? Coincidence?

     Not being a big believer in coincidence, I had to take a closer look.

     Charlie Munger was the lesser-known half of the founding partners of the Berkshire-Hathaway investment conglomerate, headed by Warren Buffett. Munger was vice chairman.

       On Wall Street, everyone is always interested when Berkshire-Hathaway takes a financial stake in some company, or sells one, because of the company’s phenomenal success. Buffett usually gets the public credit, but he attributes Berkshire- Hathaway’s success to a piece of basic investment advice he got a long time ago from Munger: “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”

     Buffett has always preached that same philosophy, irrespective of all the bells and whistles and charts and algorithms others use to try to game the market. Munger would have been 100 years old on New Year’s Day.

     Plains, Ga., is as far from Wall Street philosophically as one can get, but Rosalynn Carter and former President Jimmy Carter made it their home base through all 77 years of their marriage, dedicating their lives to promoting peace, social justice, mental health advocacy, caregiving and also, long after their years in the White House, helping to build homes for those of limited means. Humanitarian is a word Rosalynn Carter did proud, as First Lady and even more so later. 

   “I was more of a political partner than a political wife,” she once wrote. Jimmy agreed. Indeed, she was a major factor in his 1976 election to the presidency. Yet it would be hard, even in these times of political anarchy, to find anyone to utter a negative word about Rosalynn, the world-traveling humanitarian from Plains.

    Of course, when it came to being known and influential around the world, few could outdo Henry Kissinger, secretary of state for both President Nixon and President Ford. Unlike Carter, however, there are plenty of negative opinions to hear about Kissinger to go with the positives.

     He was a constant presence on the world diplomatic scene during the unpopular Vietnam War. Some of his policies, including carpet-bombing of nearby Cambodia, resulted in the deaths of hundreds of thousands of civilians, to this day bringing anger and scorn from many. But his efforts regarding Vietnam also brought him a Nobel Peace prize.

    Kissinger is also known for his “shuttle diplomacy” in the Mideast and is credited with helping Nixon renew diplomatic relations between the U.S. and China, a major diplomatic accomplishment. Indeed, he had still been quietly active in recent years in trying to revitalize tense U.S.-China relations.

    Diplomacy of another sort was a trademark of Sandra Day O’Connor, who, of course, will always be known as the first woman to serve as a justice on the U.S. Supreme Court. President Ronald Reagan chose a fellow California politician in making the historic nomination and that political background was evident throughout her tenure on the court, not in a partisan political way, but in her recognition of the place of public opinion in the court’s decision-making process and her willingness to set aside her moderate/conservative views when she felt it proper to agree with the more liberal justices. It made her the quintessential swing vote in her 25 years on the court. Since her retirement from the court in 2006, for better or worse, every new justice has been a judge, not a political figure.

    When it came to acknowledging public opinions, though, Norman Lear was without peer. The creator of TV sitcom classics All in the Family and Maude, as well as Sanford and Son, The Jeffersons and Good Times, he introduced social and political commentary into popular TV shows, often going where other producers feared to go and letting people actually laugh at their own behavior.

   He received many awards for his shows, but he didn’t confine his outspoken tendencies to TV shows.  

    Lear was also an outspoken activist, supporting liberal and progressive causes and founding People for the American Way, an advocacy group that countered the growth of the Christian right in political debate. A strong supporter of the First Amendment, he also purchased, for $8 million,  one of 200 copies of the Declaration of Independence published on July 4, 1776, and took a road trip around the country with it so that Americans could see it firsthand. He was a proud American.

    And maybe it’s as simple as that. Maybe that’s where the dots connect. Each, in his or her own way, was not only a proud American, but someone who contributed significantly to the American experiment. Some may have disagreed with them from time to time, but these five, with nearly 500 years of life among them, used their years to the fullest. Each lived a life worth remembering.

rjgaydos@gmail.com

Bob Gaydos is writer-in/residence at zestoforange.com.