Legendary investor Charlie Munger has entrusted a stake of his personal wealth to a Melbourne-based investment company and endorsed the founder as a “soulmate” of Berkshire Hathaway.

Mr Munger told The Australian Financial Review in an exclusive interview that the little-known Stonehouse Corporation, run by American-turned-Australian Charles Jennings, was successfully emulating the Berkshire “playbook” to acquire and manage businesses for the long term.