We consider Warren Buffett and Charlie Munger to be the masterminds of  investing. We tell the backstory of how Buffett and Munger became  legendary investors at Berkshire Hathaway. 
While Buffett's investing  style was heavily influenced by his mentor, Benjamin Graham, his style  evolved after he became best friends and partners with Charlie Munger.  Many people associate Buffett with this notion of "value investing," but  it might be best to think of this style in the way Munger put it: "all  good investing is value investing." 
Buffett's investing genius lies in  his ability to adapt to changing business environments and re-allocate  capital into better investments. Much of Berkshire's success stems from  their ability to recognize undervalued, quality businesses and buy them  at a discount to their intrinsic value. 
When there is an economic  downturn that causes the stock market to decline, then wonderful  companies may be available for us to buy at fair prices. We explain how  Buffett saw volatility not as a risk, but as an opportunity to buy  wonderful businesses.

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