Charlie Munger: The 5 Investing Tricks That Made Him a Billionaire

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New Money

New Money

Күн бұрын

Пікірлер: 605
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
I'm hoping to go and see Charlie and Warren at this years' Berkshire AGM. Will any of you guys be there by chance? LMK!
@andrewsartproject
@andrewsartproject 2 жыл бұрын
Wow, I would love that but that's challenging for me! Anyway, that's an experience you could tell your grandchildren one day!
@benjaminlegeard3190
@benjaminlegeard3190 2 жыл бұрын
Any chance we’ll hear your question from the audience? 👀
@richardoneill1656
@richardoneill1656 2 жыл бұрын
I highly recommend you attend. Downtown hotel rooms are booked up, so find a place and book now. After a two year hiatus, it is going to have a party feel to it. My first meeting was in 1999, this will be my 13th annual meeting. Woodstock for Capitalist
@accountsequity5587
@accountsequity5587 2 жыл бұрын
Ask him why he thinks he is an architecture and designed a horrendous building for college students.
@palestineViper
@palestineViper 2 жыл бұрын
@@accountsequity5587 how to attend? do we need to register or can we just show up?
@vtheb1299
@vtheb1299 2 жыл бұрын
hi Brandon, I really respect you. Instead of selling "how to be rich" to naive teens, you send the right message: grow your mind. I love it.
@antonikuzak3302
@antonikuzak3302 2 жыл бұрын
Lets go Brandon!
@mikeyhikes
@mikeyhikes 2 жыл бұрын
AGREE!
@geofreyumanger6542
@geofreyumanger6542 2 жыл бұрын
Agree but investment is frustrating over here, lost much
@lezliewhicker8450
@lezliewhicker8450 2 жыл бұрын
I heard she always have a way of linking someone investment into something new and profitable?
@jewellwalker9808
@jewellwalker9808 2 жыл бұрын
@@davidhudson3001 I just lookup her name and found her webpage, thanks
@programmingpython584
@programmingpython584 5 ай бұрын
I used the inversion trick in many other cases, like checking the bad reviews first than the positive ones to check where can a product (or service) may fail.
@lilytea3
@lilytea3 Жыл бұрын
0:13: 💡 Charlie Munger's financial success came from applying mental tricks and models to avoid making bad mistakes. 3:20: 📈 Inversion and humility are key concepts for successful investing. 6:49: 🔑 Specialize in a specific area of expertise and be rational in decision-making. 10:11: 💡 Stay focused on the long term and don't panic during sudden market swings, and look for solid and straightforward businesses with great leadership. 13:18: 📚 Reading is a valuable tool for self-education and learning at your own pace. Recap by Tammy AI
@RC-br1ps
@RC-br1ps 4 ай бұрын
Thanks.
@SteveDutton-v
@SteveDutton-v 8 ай бұрын
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
@mikey43221
@mikey43221 8 ай бұрын
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
@PASCALDAB
@PASCALDAB 8 ай бұрын
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@WillieNickell
@WillieNickell 8 ай бұрын
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
@PASCALDAB
@PASCALDAB 8 ай бұрын
“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.
@WillieNickell
@WillieNickell 8 ай бұрын
Well-done. Vivian Carol Gioia appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
@jeffrey1312
@jeffrey1312 2 ай бұрын
Buffet and Munger have both done well. They have invested soundly and profited from it. However don't think it will work as well for you. They were both born wealthy and connected. That key fact gets left out of a lot of successful people's biographies. Munger's grandfather was a politician and federal judge. He sent Munger's father to Harvard Law school, and Munger went there also. Buffet's father was a four term US congressman, both wealthy and connected. Buffet attended Wharton School of Business and Columbia Business School. His connections also got him a job with Benjamin Graham the father of value investing. They both got the most out of the opportunities they had, but they had opportunities few do.
@AldoGiovanni-hq8jl
@AldoGiovanni-hq8jl Жыл бұрын
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
@CharlesRobert-zc6xc
@CharlesRobert-zc6xc Жыл бұрын
Well, I think people loss funds because they want to trade on their own without the help of an expert
@CharlesRobert-zc6xc
@CharlesRobert-zc6xc Жыл бұрын
Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.
@anthonymclean-oe6wk
@anthonymclean-oe6wk Жыл бұрын
Expert Emily Jason is really the best person to contact and ask for help in trading without fear of making losses than trading yourself or lossing funds to scammers.
@anthonymclean-oe6wk
@anthonymclean-oe6wk Жыл бұрын
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere KZbin videos.
@paulawhite5755
@paulawhite5755 Жыл бұрын
All my experiences with her has been positive,she has a very broad understanding of the market and had made lots of profitable trades for me and my friends. I have never had any issues or negative experiences with her.
@matturner8
@matturner8 9 ай бұрын
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.
@emiliabucks33
@emiliabucks33 9 ай бұрын
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.
@monicawill5
@monicawill5 9 ай бұрын
Pls can you recommend this particular coach you using their service?
@emiliabucks33
@emiliabucks33 9 ай бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@monicawill5
@monicawill5 9 ай бұрын
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@stingrayconcretedesign3391
@stingrayconcretedesign3391 7 ай бұрын
😅😮😅😅😅so 3:21 ou9​@@Johnlarry12
@jsmith108
@jsmith108 Жыл бұрын
I like that you link to the original interview. Good channel no bs, i like it 😊
@adamcrookedsmile
@adamcrookedsmile 11 сағат бұрын
it is good yes, but I don't understand why KZbin algorithm didn' t link to the original interview. A lot of the time the algo links reaction videos to something instead of linking the original content.
@donaldlocher2537
@donaldlocher2537 2 жыл бұрын
Warren said. Anything over 20:1 P:E is a no go. You'll never make it back over inflation with regular market downturns. Fed needs to make the prime at least 5%. "Sin Stocks" ie Alcohol, Tabaco, etc... tend to be the most lucrative. But utility stocks (internet, energy, toll access companies) are the most stable.
@walter.dlawson2580
@walter.dlawson2580 2 жыл бұрын
In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Susan kay Mack" whose skills in portfolio diversification are unmatched and client-centered.
@karolispr5572
@karolispr5572 2 жыл бұрын
Ye, except Tesla have P/E of 178 to date and keeps breaking records every year
@robertagren9360
@robertagren9360 2 жыл бұрын
@@karolispr5572 Tesla as a company has no value. Tesla as a brand has a value. But tesla as a car is less innovative than most car industries.
@karolispr5572
@karolispr5572 2 жыл бұрын
@@23chnge Be ready to be suprised then 😁
@the5-starreview871
@the5-starreview871 3 ай бұрын
I have always loved ole Charlie Munger. He was the strategist behind those Billions that Berkshire Hathaway amassed.
@Mayor1248
@Mayor1248 8 ай бұрын
PLEASE ADVISE . I was told to spread my savings across different things like stocks and bonds to protect my retirement.with the everything being shaky,I'm considering going into Trade.?
@janejane386
@janejane386 8 ай бұрын
I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.
@maureen...
@maureen... 8 ай бұрын
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen...
@maureen... 8 ай бұрын
Kate Floretta in stagram
@maureen...
@maureen... 8 ай бұрын
Kate Floretta Face book
@maureen...
@maureen... 8 ай бұрын
She Trade for Celebrities & could Mentor you.
@draganostojic6297
@draganostojic6297 3 ай бұрын
In algebra inversion is called proof by contradiction; assume that original proposition is not true. Then show it leads to contradiction i.e. it leads that is true. Now because something can’t be both not true and true that is a contradiction. So the original premise is correct. This approach is often easier.
@zachkiker6008
@zachkiker6008 Күн бұрын
I’m agree a lot with the aspect of self education when Charlie mentioned reading a lot. Another aspect of reading is the more you read and get accustomed to reading, the better at comprehension you get and you will also get better at absorbing more useful information. It can be applicable to every aspect of life.
@kortyEdna825
@kortyEdna825 6 ай бұрын
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
@PatrickFitzgerald-cx6io
@PatrickFitzgerald-cx6io 6 ай бұрын
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
@foden700
@foden700 6 ай бұрын
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
@Pamela.jess.245
@Pamela.jess.245 6 ай бұрын
Impressive can you share more info?
@foden700
@foden700 6 ай бұрын
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@Pamela.jess.245
@Pamela.jess.245 6 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@benjaminlegeard3190
@benjaminlegeard3190 2 жыл бұрын
I like the more casual set up for this video, it feels like a conversation more than a lecture. Certainly nice for variety.
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
Glad you like it!
@sashashaikh111
@sashashaikh111 2 жыл бұрын
U read my mind 👍
@manemrob1510
@manemrob1510 2 жыл бұрын
I agree 💯 this is a good setup Brandon!
@KpxUrz5745
@KpxUrz5745 5 ай бұрын
I think one secret to his and Warren's great success is longevity. They are still thinking and investing long after most other people are dead.
@miken7629
@miken7629 4 ай бұрын
Here is the key to their wealth. They started with insurance companies that has income streams coming in constantly from insurance payments, they are not just looking at profit from the business but those insurance payments need to be invested and only divested to make insurance payouts, the key is that constant income stream available for investment. Second, they made the insurance companies a subsidiary of a parent company that they owned, so insurance subsidiary profits became their profits, neat trick. They didn't do anything magic, the stock market began growing exponentially after 401K's were created and entire workforce began investing causing stock market to grow, their investments grew with the market.
@rodbot5564
@rodbot5564 4 ай бұрын
great video, thanks
@fromthepeanutgallery1084
@fromthepeanutgallery1084 2 ай бұрын
Only one investor said it right with one simple quote. "I'd always rather be lucky than smart." - Don Luskin. After all the bullshyyt, talk, self indulgence, the one thing all greats say: "I was lucky"
@miltonyannis3719
@miltonyannis3719 3 ай бұрын
Excellent video!
@STARSFashionArtLove
@STARSFashionArtLove 2 ай бұрын
Soon we'll be bigger than Berkshire 💖💛💚
@astralscholar659
@astralscholar659 2 жыл бұрын
The new setup is sick- love the WB art at the back. Thank you, God Bless!
@Susanhartman.
@Susanhartman. Жыл бұрын
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $800k over time?
@91ScottieP
@91ScottieP Жыл бұрын
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
@ThomasChai05
@ThomasChai05 Жыл бұрын
Indeed, that's accurate. I learned this in 2020 when I experienced significant losses. However, since switching to a financial advsor, I've consistently generated at least $98k in returns every month, solidifying my commitment to investing through professional guidance.
@mariaguerrero08
@mariaguerrero08 Жыл бұрын
@@ThomasChai05 That’s impressive, have you always had a financial advsor?
@ThomasChai05
@ThomasChai05 Жыл бұрын
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
@Madison-Huff
@Madison-Huff Жыл бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@gugacl
@gugacl 2 жыл бұрын
This youtube channel is a constant learning. Thank you for bringing these powerful tricks up
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
Cheers!
@DavidJohnson-ce9bx
@DavidJohnson-ce9bx 6 ай бұрын
1. 1st do no harm 2. Specialize in a segment of markets...knowing enuf about a slice of the pie to profit by it 3. Choose a good business that can stand some mismanagement 4. Focus on the long term to mentally and emotionally weather volatility. 5. Read...learn
@Jessicatorres_768
@Jessicatorres_768 Жыл бұрын
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
@blessingpaul5484
@blessingpaul5484 Жыл бұрын
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
@PhilSommer2
@PhilSommer2 Жыл бұрын
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
@Jessicatorres_768
@Jessicatorres_768 Жыл бұрын
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
@blessingpaul5484
@blessingpaul5484 Жыл бұрын
Oh that will be so nice, Please do you mind referring me to your financial analyst?
@Jessicatorres_768
@Jessicatorres_768 Жыл бұрын
I'm working with a consultant named *'Nolan Velden Brent,'* whom I discovered through a CNBC interview where he was featured. After reaching out to him, he has been providing valuable entry and exit points for the securities I focus on. If you're interested in his supervision and expertise, you can look him up online using his name. Following his trade pattern has been a rewarding experience, and I have no regrets about doing so.
@higgos72
@higgos72 4 ай бұрын
Nice Port Adelaide shirt 👍
@ZaynCreative
@ZaynCreative 2 жыл бұрын
This is an amazing video, love the new studio look 👌 definitely giving me some ideas for my own 👏🏽
@Lisa-nu7ne
@Lisa-nu7ne 2 жыл бұрын
😂😂😂
@dorianphilotheates3769
@dorianphilotheates3769 2 ай бұрын
5:15 - 5:20 - They’re likely referring to someone like Eli Muck...
@biblestories365-z
@biblestories365-z 8 ай бұрын
This video is truly inspirational! Charlie Munger’s approach to investing, focusing on mental models and inversion, is not only insightful but also incredibly practical. It’s fascinating to see how he applies these concepts beyond the financial sphere into everyday decision-making scenarios. His story about being a weather forecaster and using inversion to avoid disastrous outcomes-by asking how he could potentially "kill" pilots to instead ensure their safety-is a brilliant illustration of this method in action. Munger’s emphasis on knowing the limits of one’s competence and the power of humility in investing is particularly compelling. It's a lesson that many could benefit from, in and outside of investing. His idea that it's better to know a lot about a small area (circle of competence) and specialize in it resonates deeply, especially in today’s world where information overload can lead to analysis paralysis. Moreover, his resilience in the face of market fluctuations, emphasizing rationality and long-term focus, is a crucial takeaway for any investor. His belief in simplicity in business and investment choices, ensuring that even a poorly managed good business can thrive, offers a practical blueprint for choosing investments. Lastly, the lifelong commitment to learning and self-education that Munger advocates is not only inspiring but a fundamental pillar for personal and professional growth. This video doesn’t just teach about investing; it’s a masterclass in critical thinking and decision-making that encourages viewers to think differently and more effectively about problems and opportunities in life. Thank you for such a valuable and thought-provoking video! It's a must-watch for anyone interested in bettering their investing strategies and decision-making skills.
@hugoduarte32
@hugoduarte32 2 жыл бұрын
Hi Brandon, thanks for your high quality videos, greetings from Paraguay
@michaelac7320
@michaelac7320 2 жыл бұрын
Your videos are so good. I didn’t even know I was interested in this stuff until now.
@papapickett7267
@papapickett7267 2 жыл бұрын
This has to be the most under watched, under rated investing video on youtube. Pure gold! Thank you!
@christopherparsons3224
@christopherparsons3224 Жыл бұрын
One of the best chess champions that ever lived, practiced inversion, as part of problem solving, just like Munger used for getting rich.
@BusinessTipsWithYulianna
@BusinessTipsWithYulianna 2 жыл бұрын
So happy you posted this! This is definitely something that should be talked about a lot more.
@jamesd5241
@jamesd5241 2 жыл бұрын
Hey Brandon, just wanted to say. think your dong a really good job on this. your videos will help a lot of people and recently you the videos have become noticeably better. well done
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
Thank you! I appreciate the kind words!
@DanMinea
@DanMinea 2 жыл бұрын
Do you have a link to that Charlie Munger interview?
@paulb9156
@paulb9156 2 ай бұрын
If it was only 5 “tricks”, we’d all be multi-billionaires.
@aidanfogarty3768
@aidanfogarty3768 2 жыл бұрын
Hi Brandon, Can't get enough Charlie and Warren content. Truly my hero's and they constantly steer me back on track in my life.
@ScottNelson-e9u
@ScottNelson-e9u 3 ай бұрын
他们通过理性、跨学科、长期的思维模式,避免了情绪化决策和高风险,从而在股市中获得成功。
@engineeringoyster6243
@engineeringoyster6243 Жыл бұрын
Regarding Charlie’s tolerance of significant reversals, when things seem to be doing wonderfully, the reality is rarely as good as it appears. Similarly, when things appear to be going poorly, the reality is rarely as poor as it seems.
@02dpoirier
@02dpoirier 2 жыл бұрын
Love your videos on these legends. Only thing I would recommend is to put the year of the throwback interviews. Adds more perspective on the longevity
@serdalkalkan5493
@serdalkalkan5493 Жыл бұрын
Thanks for your valuable videos.Keep up the good work!
@MrNice2526
@MrNice2526 12 күн бұрын
I'd argue that one CAN see it coming. WD Gann comes to mind.
@macplastering
@macplastering 2 жыл бұрын
Class video buddy :)
@lewis809
@lewis809 2 жыл бұрын
I love your videos, I’m still working my way through your top 5 books now. Keep it up man, peace and love all the way from the U.K. 🇬🇧
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
Cheers Lewis! I appreciate the kind words!
@geraldt331
@geraldt331 Жыл бұрын
As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated
@Tonyham198
@Tonyham198 Жыл бұрын
Well in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or have one guiding you
@P3Alex
@P3Alex 2 жыл бұрын
Great video. Where did you get that Warren Buffett wall art?
@lgood5122
@lgood5122 2 жыл бұрын
thanks for the video.
@ataubers
@ataubers Жыл бұрын
Thanks for this video and your sound summaries in between the "tricks"!
@Mojave4ever
@Mojave4ever 2 жыл бұрын
Nice distillation. Thanks.
@MSportsEngineering
@MSportsEngineering 2 жыл бұрын
Nicely put together message. Dope set too.
@giuseppeo77
@giuseppeo77 2 жыл бұрын
Hi Brandon! It would be nice if you could sum them up (listing the 5 tricks) at the end of your video, just like you have done in the past! Cheers!
@NikitaMcLauren
@NikitaMcLauren 3 ай бұрын
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@StalinUndav
@StalinUndav 3 ай бұрын
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
@SoledadHughes-q2i
@SoledadHughes-q2i 3 ай бұрын
I stopped listening and taking financial advise from these KZbinrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@SlavoPetrovic
@SlavoPetrovic 3 ай бұрын
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
@SoledadHughes-q2i
@SoledadHughes-q2i 3 ай бұрын
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@GuillaumeF.G.-nk6ns
@GuillaumeF.G.-nk6ns 3 ай бұрын
1. It doesn’t matter on the long run (20 years horizon), as long as you invest in strong and reliable businesses. 2. Don’t seek advice from KZbinrs and/or wannabe investors. Acquire knowledge and make up your own mind.
@markjennerson7041
@markjennerson7041 4 ай бұрын
I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
@ElsaAndAnnie
@ElsaAndAnnie 16 күн бұрын
Stick to S&P, buy SPY, VOO, BRK-B leave it there forever
@JoaoFerreira-bo3cq
@JoaoFerreira-bo3cq 2 жыл бұрын
I cannot see clearly how he applied the reverse problem solving to risk management in AliBaba. If you have an idea or two please share.
@dhimantbhavsar2764
@dhimantbhavsar2764 4 ай бұрын
Invert a problem Humility Specialisation Be rational - focused Simplicity Read a lot-self education
@jigarpatel7943
@jigarpatel7943 2 жыл бұрын
one of your best video
@paulpreston2199
@paulpreston2199 2 жыл бұрын
THE BEST DECISION I EVER MADE IN MY LIFE WAS INVESTING IN FINANCIAL MARKET. TRUST ME GUYS, IT PAYS!
@sarahclark1796
@sarahclark1796 2 жыл бұрын
Many of us don't know where to invest our money so We invest it in wrong places and to the wrong people
@florinstrava3896
@florinstrava3896 2 жыл бұрын
She helped me recover all I've lost trading by my self
@j.a.maxwelldcruz1499
@j.a.maxwelldcruz1499 2 ай бұрын
I love you dear Charlie and will miss you and your style of humour. RIP
@chrisaustralianfinance9204
@chrisaustralianfinance9204 2 жыл бұрын
Before I started watching your channel, I knew alot about Warren Buffet but not so much about Charlie Munger. I'm glad you put in so much effort explaining his point of view because I truly think it's unique and an amazing perspective to take on investing and the world. Thank you.
@Lisa-nu7ne
@Lisa-nu7ne 2 жыл бұрын
😊
@adamcrookedsmile
@adamcrookedsmile 11 сағат бұрын
it is good that you link the original interview with Charlie Munger, but I don't understand why KZbin algorithm didn' t link to the original interview in the frst place. A lot of the time the algo links reaction videos to something instead of linking the original content. Why?
@mariusmartinsen2064
@mariusmartinsen2064 2 жыл бұрын
Thanks for the video. Like your set up.. Much better than office look 😉👍
@EIStudent
@EIStudent 6 ай бұрын
This was AWESOME! Subscribed!
@financialfreedom925
@financialfreedom925 2 жыл бұрын
Great content !
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
Thanks!
@WasteSecond
@WasteSecond 2 жыл бұрын
Where do you have that great warren buffet poster from?
@NewMoneyYouTube
@NewMoneyYouTube 2 жыл бұрын
I found it on Etsy! I just typed in Warren Buffett and it came up
@Metal00m
@Metal00m Жыл бұрын
Surprised and not at the same time, to hear Charlie Munger quote Kipling's If. Such a great poem for life and one's attitude to it. A favourite of my Grandfather who would be 104 this year.
@anthonyminniti17
@anthonyminniti17 10 ай бұрын
Great vid. Thank you for putting it together
@golammostafa307
@golammostafa307 2 жыл бұрын
Very educative and nice presetTion!
@TastyByTaste
@TastyByTaste 2 жыл бұрын
Loved this.. Learned a LOT!! Thank you!!
@kilfoil1000
@kilfoil1000 2 жыл бұрын
Charlie Munger is Legendary! He’s shared so much knowledge with the value investing community especially when it comes to ‘avoiding mistakes and not being stupid’, a huge thanks Charlie!
@JoeBtfzplk
@JoeBtfzplk 2 жыл бұрын
Another trick is to buy shares of a company that if you could you'd love to own the whole thing and keep for the rest of your life (and plan to live to 100). For everyone, your true investing time horizon is the rest of your life.
@Tlhakxza
@Tlhakxza 9 ай бұрын
Could you please share tbe link to the video of your Best 5 Books please. Reagrds
@wimlyssens478
@wimlyssens478 2 жыл бұрын
hello, where did you buy the waren buffet portrait please ? thank you!
@gearsNtools
@gearsNtools 2 жыл бұрын
the point about reading got me thinking. in college I read about 10-15 books a year for school. I now read about a book a week or 52 a year. even if the books are 1/2 as good as a text book that's a tremendous amount of learning!
@starspectrum6454
@starspectrum6454 Жыл бұрын
Genius msgs condensed well. Take Care. Congratulations.. 🙏.
@arkogupta3717
@arkogupta3717 7 ай бұрын
Brilliant video with extreme clarity of thought. Thank you
@ethanmariani5152
@ethanmariani5152 2 жыл бұрын
great financial format, thanks for that
@ameliagarcia3485
@ameliagarcia3485 2 жыл бұрын
When some people think of successful stock traders, they think of multimillionaires lounging in a beach town, making trades and relaxing. That reality is rare, and stock trading isn't as easy or lucrative as it might seem from the outside. Despite challenges, some people elect to stock trade as a part-time job, or they take on stock trading as their full-time gig. If you know your stuff and follow a strategy, you can make money over time through stock trades by adopting the signal of a licence broker
@georgeharold3317
@georgeharold3317 2 жыл бұрын
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one yet, can you give a pointer
@ameliagarcia3485
@ameliagarcia3485 2 жыл бұрын
kathy genelle britton is my coach, you may have come across her on a few interviews, just look her up online to get in touch with her, her details are provided online
@sergioanderson2181
@sergioanderson2181 2 жыл бұрын
🔥✝️①~~⑨①⑥~~⑥③③~~①④③⑦💃
@sergioanderson2181
@sergioanderson2181 2 жыл бұрын
🔥✝️①~~⑨①⑥~~⑥③③~~①④③⑦💃
@sergioanderson2181
@sergioanderson2181 2 жыл бұрын
Tell her I referred you for quick response☝️☝️
@ajayakumarpanda940
@ajayakumarpanda940 2 жыл бұрын
Very good post
@landedge
@landedge 2 жыл бұрын
Thank you for another great video. Always waiting for your next video
@motleyd
@motleyd 2 жыл бұрын
Charlie's mental tricks are really helpful! I'm trying to listen every day.
@andremooney
@andremooney 2 жыл бұрын
Hi Brandon, can you make an updated video or short clip which sites you use for numbers, charts etc. i know you made one before but maybe something changed new things got added and old removed or updated. Thank you.
@aperson1181
@aperson1181 Жыл бұрын
Thank you. I heard this method about Inverting, I just didn't understand it
@GstarCurtis
@GstarCurtis Жыл бұрын
I learned alot emotionally getting my AMD shares cut in half, and started dollar cost averaging it.
@riccardoadda3335
@riccardoadda3335 2 жыл бұрын
Thankyou Brandon im so happy i found a clear explanation of warren’s videos Thank you Riccardo
@mm0dk0ur
@mm0dk0ur Жыл бұрын
Really super super very useful video, many thanks
@pwr_nap
@pwr_nap 2 жыл бұрын
I love your new look & feel with this setup. Great work, Brandon.
@Stewart5225
@Stewart5225 Жыл бұрын
Great Video! Thank you
@alejandrocutshair
@alejandrocutshair 2 жыл бұрын
new subscriber here. Amazing videos!
@anubhavgrewal
@anubhavgrewal 6 ай бұрын
@newMoneytube should I be holding Australian vintage Ltd or sell it ? It has suffered a lot lately
@JoshuaKerr-m4u
@JoshuaKerr-m4u Ай бұрын
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
@Bridget-l7p
@Bridget-l7p Ай бұрын
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
@DesireeJames-q1z
@DesireeJames-q1z Ай бұрын
Often people underestimate the value of counseling until their own emotions become overwhelming. A few summers ago, after a long divorce, I needed a huge push to keep my business going. I searched for licensed advisors and discovered one with the greatest qualifications. Despite inflation, she has helped increase my reserve from $275k to $750k.
@DavidLucas-so8rr
@DavidLucas-so8rr Ай бұрын
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@DesireeJames-q1z
@DesireeJames-q1z Ай бұрын
I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like “Laurelyn Gross Pohlmeier* I've worked with her and I'd gladly commend her exemplary service on a public post.
@EthanBrown_23
@EthanBrown_23 Ай бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@TheMcmarins79
@TheMcmarins79 2 жыл бұрын
good contents❤️👍..thank you
@romeopembere8096
@romeopembere8096 2 жыл бұрын
Which books would you recommend for a beginner in the stock market?
@maxbronion2288
@maxbronion2288 2 жыл бұрын
Top notch quality
@dallihilmi
@dallihilmi 6 ай бұрын
Great video
@devereauxjnr
@devereauxjnr Жыл бұрын
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
@Countstep0099
@Countstep0099 Жыл бұрын
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@devereauxjnr
@devereauxjnr Жыл бұрын
@@2024Red-j5t how do one get hold of this your coach?
@devereauxjnr
@devereauxjnr Жыл бұрын
@@2024Red-j5t I just checked her out and I have sent her an email. I hope she gets back to me soon.
@ignatziusturret5641
@ignatziusturret5641 9 ай бұрын
How you know they are precious?
@RearViEwmirror-3
@RearViEwmirror-3 2 жыл бұрын
Cool vid man
@LXBalla4414
@LXBalla4414 2 жыл бұрын
Great content! Keep it up.
@Lisa-nu7ne
@Lisa-nu7ne 2 жыл бұрын
👍🏻
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