I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for....

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

But in theroy, everything else inflated as well, so your cost of living multiplied as well.

Appreciate the upload. I tried reaching out on Twitter, I couldn't message you so I left a "Reply" regarding this lecture/speech. Thank you for all that you do. Cheers

I have a little bit of BABA and honestly don't know what to think of it. It's not the price, but the nature of the business. Right now, it looks like its market can be easily breached by any competitor, and whatever success the company had is now in the past as they try to "restructure". On the other hand, how could Charlie Munger misjudge a company's moat, given that he's one of the OG investors who stresses the importance of moats?

Thank you so much for sharing this film!

There's no update on Himalaya capital since 2021...

How do you buy in turkey? Is there any platform broker allowing to invest in turkey

watching this three years later, very helpful information looking at GrafTech now.

Whoa

It's a great book. A lot of knowledge and experience of great minds with good personalities in one book.

Great vid. Do you suggest using most recent EV and Operating Income or last 4 quarters/TTM?

Ridiculous..... your explanation. The seller doesn't care where the cash comes from, as long as you close the deal with cash and carry.

It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.

Hey Brad, hope you are good. I look forward to your vids, keep well.

Inflation is just a number it always going up adaptability and adjust on it ... Don't put a reason to worry about... Mindset..

To me I see the government inflation rate for the year as an average over 12 months but in reality inflation compounds monthly so it appears to be 5% higher. Getting rich with inflation or canceling debt with inflation is completely wrong in my mind and here is why. You can’t print your way out of debt and The cost of the house didn’t go up the value of the dollar went down so it gives a person a since of making money because the house might have cost 100k when you bought it and might sell for 200k but what has happen is your dollar lost 50%. Every generation is working much harder for longer for a reason and that is because our money is worth less every year and it’s just a matter of time before the dollar looses the reserve currency statues. We are all screwed if that happens.

The most accurate stat on inflation is the M2 money supply growth rate over time. In general, if you market weight each country's currency the average M2 growth rate is 14% per year since 1960 (between relatively stable US currency and hyperinflating currencies like Venezuela). 6-7% per year inflation in U.S. is fair estimate and certainly higher than the governments quoted 2% that they always target. Fiat money is a giant ice cube....with value dripping off it...😐 Great podcast episode below detailing this: www.theinvestorspodcast.com/bitcoin-fundamentals/how-fiat-works-saifedean-ammous/

Another investment channel did a back test to determine the performance of stocks (several hundred) after several insiders bought shares. The data showed that the stock price actually went down within the next 12 months. It was a surprising finding.

Thoughts today?

The greatest competence skills to be acquired in stock market are : Operation Efficiency Evaluation and Intrinsic Value Valuation.

But they are super expensive

You rarely see a bad backtest

What a pity that they failed to make it. However it's an inspiring movement by students

We know producing videos are a lot of work. I noticed you haven't posted on X in a while either. Hope everything is ok.

Hello, wake up to the post QE error of high interest rates. When your interest rates out pace, the rate of inflation, then this formula simply will not work. The days of near zero interest rates are over. They will be printing money again, which will ensure these rates remain high.

Inflation is the rate of the monetary supply expansion that’s where he got the 5% from

Thank you to Li Lu and all of the anti-Communist legal immigrants that are ringing the bell as to the danger within America today. Americans should listen and learn from their experiences, lest we repeat them!

Trying the same approach. Avoiding rehearsing. Hit 190. Took 10 years to reach that. Doing what interests me. Experiencing slow steady growth.

I used insider ownership to invest in REITS & BDC. Those business grew around 25% a year for last 3 years. The stocks are not up that much but I know it will grow eventually

Jackal of the Silicon Valley

video becomes really shitty when you always stare at your notes. Do you really know the shit your saying...

So down to the real questions , Can you buy a house with a suitcase full of money if necessary?

Yes, but in a way, when we talk ab margin of safety... that can be partly based on..estimations of free cash flow to back into fair value using DCF...or events in the future.. so, that can be part speculation. No one knows the future or what can throw a wrench into things. Also, everyone comes up with different margins of saftey..esp the pros. As a whole, the stock mkt is volatility in an...upward direction...and time in the market beats timing the market most of the time. Investing in individual stocks takes work but it is so much fun...and addictive

Gives more added perspective on this leading investor & thinker.

What taste? He looks like a normal guy with the out plastic surgery or fillers? He doesn’t care about your superficial taste. He is happy with himself.

G

6 years later. Everyone believes this.

80% down now?

he looks like a cartoon ; what sthe use of all that money if u lack taste.

You only benefit if you borrow the money before inflation hits.

You need to look more into the CPI, the basket of goods, and how it has changed over time. The way that they have measured inflation has changed over the last 50 years.

Yeah, I bought my house during Covid, locked in a 2.875% mortgage, and it's now valued at 50% more than I paid.

Charlie Munger R.I.P was human race equivalent to Master Yoda

Thanks Bald. Great video.

I’d love an update on srg

See little reason given your current holdings why you would not have a small counterbalance allocation to btc (barbell position) for the asymmetric benefits. Buy and hold forever.

You're one of several investment channels that i enjoyed following. Seems like many of them, including yourself, stopped creating content. Perhaps it is related to the pandemic. Hope whatever path you have chosen is going well for you.

Buying now at 55

The book name is Poor charlie's almanack