Charlie Munger's impact on the art of investing: Insights from a top value investor

• Charles Bobrinskoy, vice chair at Ariel Investments, stated that Munger was a "true master of investing" shortly after his death was announced on Tuesday.
• Munger was 99 years old.
• Munger was praised by Warren Buffett for expanding his perspective to include searching for undervalued companies with exceptional quality.

The death of Berkshire Hathaway vice chair Charlie Munger on Tuesday has left the investing community without one of its key figures, according to Charles Bobrinskoy of Ariel Investments.

Bobrinskoy, the firm's vice chair, stated on CNBC's "Closing Bell: Overtime" that Munger was a "true master of investing" and a "really important voice in value investing and all investing" shortly after his passing on Tuesday.

Bobrinskoy stated that he was a voice against fraud, irrational activity, and was a voice of reason. He was right there with Warren Buffett during all of the great Berkshire Hathaway years.

Munger, at 99 years old, was widely regarded as an investing genius. Buffett attributed his success to Munger's approach of focusing on finding high-quality companies that were undervalued, rather than buying struggling ones with the hope of turning a profit.

For more information on Munger's life, please refer to our comprehensive obituary on the legendary investor.