Charlie Munger owned a house with spectacular ocean views in Montecito, Calif. The Berkshire Hathaway vice chairman had designed the entire gated community, which locals called “Mungerville.” At one ...

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) In an ...