Charlie Munger: 100 Years of Wisdom Summed up in 20 Minutes

Charlie Munger, Vice President of Berkshire Hathaway and Warren Buffett’s business partner, talks about the lessons he has learned over his nearly 100 years of life. This original interview took place in 2008.
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The Warren Buffett Way - amzn.to/3esAApY
Common Stocks and Uncommon Profits - amzn.to/3hPtZb2
The Outsiders - amzn.to/315rZFJ
Business Adventures - amzn.to/2BwKKqI
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The Little Book of Common Sense Investing - amzn.to/2YXQban
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*Disclaimer: Neither this video, not any content produced on this channel should ever be considered investing advice or official financial advice. All content is made for entertainment and educational purposes.

[@ashthegreat1]

2 ways to become great - find a wise man and copy him or find a fool and do the opposite.

[@InvestorCenter]

Great advice!

[@eminem13001]

Or praise God and trust in him and don’t trust folly advice.

[@maxprado9030]

Dropping bars, lol

[@belpuprajwal]

@@eminem13001 Not exactly. But yah, what we can ask is to get the courage to get what is best for us that what god thinks is right, that's what we can ask him. Think of your highest deepest need which you want to have. work for it, try to feed slowly which you think will more fulfil you, and feed through your sensory organs into the hard-disk of you body! Slowly see and measure what you want, repeat this over and over to keep yourself healthy and stable!

[@ankurbaruah3955]

Is it so easy to gauge the wisdom of a man..

[@dcflow7859]

This is a very wise man. I’m fact, most people who have lived in this world are. Older people are ABSOLUTELY needed in this world. Without them, the younger generation would fall. Be grateful for the older generation and constantly seek knowledge!

[@InvestorCenter]

Dc Flow very true!

[@TWN321]

True... but there’s no fool like an old fool...

[@singhmaster4]

Respect that.

[@hankschrader7050]

People who stand on Capitalism's highest peak like Munger, Buffet, Gates, Musk, or Bezos got to where they are because they have the best genetics for IQ. Munger's intelligence has almost everything to do with why he speaks so well. The near entirety of elderly people are not comparable.

[@vimalcurio]

But not all older people think like him

[@InvestorCenter]

Check out the new video in the series here ===> kzbin.info/www/bejne/m6q5hHZ6i8l8b8U

[@TheIcelandicInvestor]

Let's hope we get at least another 5 years of Charlie!

[@InvestorCenter]

That’s what I’m hoping for!

[@TWN321]

Here, here! 👍🏾

[@ndineroo3936]

Amen

[@flamingooneleg77]

So in the good book it says man kind can have up to 120, but no matter how long everyone still has to give account for what they did with their life. The only thing that counts is what they did for their Creator. About money; it stays here. What if those true Christians, you know those true Christians, are right?

[@anothertexan1036]

@@flamingooneleg77 that is precisely why philanthropy is practiced. most do recognize your point

[@over07ful]

His speech "Human misjudgment" and the corresponding book, " Influence", by Bob sealdini changed how I think forever. When I started to apply these principles life's decisions got a lot easier and I passed by everbody. I mean people that are better than me by anyones measure. I would warn you that if you do the same as I you will have to deal with the inevitable jealousy. "Pity is free, jealousy is earned"...A. Schwarzenegger

[@InvestorCenter]

over07ful I love his speech and “Influence” is one of my favorite books of all time!

[@chriswinner2915]

“Influence” is a must read

[@brettj3850]

To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. Is this what he means by the term "influence"? In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@over07ful]

@@brettj3850 on KZbin you can listen to his human misjudgment speech. He gives a few examples of a persons natural proclivity to bias and influence. If anybody works at eliminating human misjudgment that’s most of the battle. I became wealthy by avoiding the mistakes of human misjudgment not by any great skill or talent.

[@vimaog9874]

I use the 7 principles 😅 Read the 25 miscognitions/misjudgment’s And study his 30 mental models Daily. 😎😎😎

[@DareToWonder]

"Think of it for a while, and you'll agree with me, because you're smart and I'm right." LOL PRICELESS

[@InvestorCenter]

An all time great line

[@shrimuyopa8117]

What is funny but also scary is that Charlie's prediction has become the exact opposite. The social sciences have become even more useless than they were in 2008 and not only have they NOT become interdisciplinary but they have forced their false precepts and ideas onto all of the other disciplinaries. Which in turn has been reducing their efficacy.

[@DareToWonder]

@@shrimuyopa8117 yeah that does suck. i heard that employers dont even want ppl with degrees and teach them diffrently after they get them to work for them

[@Journeyman-Fixit]

Love this Guy, we are so fortunate to have him!

[@InvestorCenter]

Warren Buffett Reading List: The Intelligent Investor - amzn.to/31603ld The Warren Buffett Way - amzn.to/3esAApY Common Stocks and Uncommon Profits - amzn.to/3hPtZb2 The Outsiders - amzn.to/315rZFJ Business Adventures - amzn.to/2BwKKqI Where are the Customers’ Yachts? - amzn.to/3fNNWxg The Little Book of Common Sense Investing - amzn.to/2YXQban (The above are affiliate links that help support the channel at absolutely zero cost to you.)

[@douglasthompson9482]

Brilliant straight forward talk…. We need more people like him today. Speaking the truth not bs….

[@jasongreen6842]

Lucky we’re here today to listen and benefit from Mr. Mungers wisdom snd experience!!! Thanks Charlie 👍

[@jameswandel7080]

I love this channel. Always putting out great content.

[@InvestorCenter]

Thank you for the support!

[@carlitoab]

SO many wise words. And his warnings about the craziness in academia...

[@carloslievano2303]

Instead of Financial advice ... Charlie Munger should be advising us about ... “How to live up to a 100 years old “. What an accomplishment to live healthy for that long !!!

[@InvestorCenter]

That would be amazing!!!

[@IrradioMan]

I’m reminded of the old man’s advice from the famous 2000 year-old-man sketch... the secret to his longevity was he never ate fried food and never ran after a bus.

[@juanpenate797]

That is the most important thing we can learn from him. He did almost 100's. Learn how to be rich is a bonus. Rest in peace.

[@mogtrader8]

The US needs more stable and leaders like him and Buffett.

[@InvestorCenter]

mogtrader8 yes we do!

[@brettj3850]

Really? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@Ddawgandjacobpranks]

i believe he was trying to show how problems can be solved in many different ways and one is better able to find more solutions to solve a problem by equipping themselves with as much interdisciplinary knowledge as possible. he provided the bribery example to show how raising prices to increase sales could be achieved in many different ways..i don’t think he was encouraging bribery in any way do you happen to work in the yale english department?

[@brettj3850]

@@Ddawgandjacobpranks Listen to him again.

[@michael4192]

@@brettj3850 He is pointing out the naivety and the stupidity of the american colleges and american public in general. And that social sciences should teach you this stuff because it happens all the time all around. Or you can just call the world racist/nazi/misogyny when things dont go your way which is exactly what social sciences are teaching kids.

[@Tlhakxza]

I have 3 of CT MUNGER’s quotations that I love the most... 1, when he said “whoever thinks investing is easy is Stupid”... 2, “if the 3 of us here-referring to himself,BUFFETT and GATES- were to lose 90% of our wealth,we’d still be Billionaire$$$” that just shows the depth of their wealth,when I reverse that and bring it to myself,if I were to lose 90% of my LIL money I’d go straight to abject poverty🙈😭... 3, “SOCIAL MEDIA is nothing but Intellectual Sewer,I prefer reading books than being on my stupid handset”...GOD BLESS CHARLIE✌🏿🇿🇦

[@InvestorCenter]

DASHYDASH EYESPOKE those are great quotes!

[@viratchhikara992]

give me source on the third one

[@investorsshack5425]

another investments insight kzbin.info/door/_0VEAhULtE38fGajKCFWJQ

[@McQuinTrix]

Social media is sewer ! So true

[@StephenDoty84]

You say, "if the 3 of us here-referring to himself,BUFFETT and GATES- were to lose 90% of our wealth,we’d still be Billionaire." I think that's a misquotation. And it's not even true in Charlie's case. He would not be a billionaire if he lost 90%. Buffett could lose "99%" and be financially "comfortable," which is what Munger said if they all lost 99%. Buffett would have $824 million left. If Charlie lost 99%, he'd get by on $18 million.

[@stevenlamont4452]

I could listen to this man talk all day.

[@InvestorCenter]

Glad you are enjoying the content!

[@tontsar91]

He has so much wisdom he should charge a fee for it... but then again he is already a billionaire and has given away a large portion of his wealth if I remember correctly.

[@johnhoude1340]

Charlie, "the secret to a great life is to not do stupid things". And, "If you don't know when you are doing something stupid then you will not have a great life". Better learn what stupid is.

[@InvestorCenter]

The earlier someone learns, the better!

[@brettj3850]

To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@ndineroo3936]

@@brettj3850 I don’t get what you meant

[@hugoclarke3284]

@@brettj3850 I might be wrong, but I think his point is that whether you engage in illegitimate practises or not, you cannot be successful without understanding the constraints of the system. The system, in this case, is capitalism, a framework built on logical rules but utilized by humans with their independent motives, needs, emotions. You cannot expect to get the highest result if you cannot understand the extent to which the elements of this system can bend.

[@michaelpoczynek]

Charlie and Warren is all you need for great financial and life advice. 😀

[@InvestorCenter]

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[@SonOfAsgard]

do you have the full version of this interview?

[@InvestorCenter]

Deadpool Rides Unicorns kzbin.info/www/bejne/aprFkpWIhL6WmdU

[@michael57603]

Amazing to listen to him. He makes things so simple, yet it's a lifetime of continuous learning that helps one recognise problems and their immediate answer.

[@mrsahamcharlielynch]

Thx u for uploading this

[@InvestorCenter]

I’m glad I could provide you with value! Make sure to subscribe to the channel if you aren’t already :)

[@mrsahamcharlielynch]

@@InvestorCenter i already subs sir.

[@agustinguerra1254]

We all have a lot to learn from him. Thanks for his teachings.

[@InvestorCenter]

Everyone should study Charlie Munger

[@brettj3850]

How do you rate his lesson here, and what does this say of your understanding of ethics and the law? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@9717cronaldo]

Legends! Could listen to these guys (Buffet, Lynch for hours

[@InvestorCenter]

They are great!

[@CodyCannon11]

Such a cool man. Love Munger!

[@InvestorCenter]

Munger is great!

[@tylerguitar75]

When he mentions luxury goods, remember: BRK A shares have never had a stock split, and it is precisely for this reason. It’s a signal. It advertises the shares as high quality.

[@InvestorCenter]

tylerguitar75 that’s an interesting perspective

[@mr.g4999]

What a great video! Thanks for posting.

[@korylehman79]

I would love to get lunch with this man and learn from his wisdom.

[@InvestorCenter]

That would be a great experience!

[@dakotah3043]

Me too!

[@JakeRichardsong]

It may be much more effective to read his books.

[@YasinNabi]

He can beat any success, love his talks

[@divyjain123456]

You should make a massive compilation of munger wisdom !!

[@InvestorCenter]

I have something in the works!!! Thank you for the support!

[@JohnSmith-ft4fz]

Not being sarcastic, but what was the overwhelming wisdom of this video?

[@InvestorCenter]

John Smith my biggest take away was the importance of learning from others mistakes so that you don’t repeat them.

[@JohnSmith-ft4fz]

@@InvestorCenter I would agree, that's a good point to take away from the vid

[@dakotah3043]

So much wisdom packed into this clip

[@InvestorCenter]

Munger is a wise man!!!

[@brettj3850]

How do you rate his lesson here, and what does this say of your understanding of ethics and the law? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@Dfm_Sushil]

Great. Thanks 🙏

[@InvestorCenter]

I’m glad I could provide you with value 👌

[@sharmajatin27]

We all have heard "A wise man once said" He is that wise man.

[@joefunk76]

To Charlie’s point about when to raise prices: When Chipotle was first starting out, their management noticed that few people were choosing carnitas (shredded pork) for their protein option, instead opting for the similarly-priced chicken or the higher-priced steak or barbacoa. How did they remedy that? They simply raised the price of the carnitas to that of the steak and Barbados. Boom, problem solved. Carnitas sales took off. Of course it helped that the carnitas were a tasty choice.”, but people probably just assumed for whatever reason that the pork option wouldn’t be good. It took a higher price to change their minds.

[@InvestorCenter]

I didn’t know this. That is awesome!

[@investorsshack5425]

another investments insight kzbin.info/door/_0VEAhULtE38fGajKCFWJQ

[@quill444]

I'm not sure 15:00 if liquor falls under the realm of 'Luxury Goods,' but when I was eighteen years of age way back in 1976 and purchasing my first few bottles of wine to have for a planned, upcoming special dinner, I remember discussing several different varieties and their prices with the store owner, who at one point looked at me and went on to say something that I have never forgotten: "If I'm not selling enough of a particular variety, all I often have to do is place it higher on the display shelf, and raise the price." Over the past few years, as whiskey has once again become more and more popular, I think this is certainly now the case for Barrell-Proof Bourbon. - j q t -

[@davidrutter3192]

That’s the voice of Warren Buffett.

[@InvestorCenter]

They have very similar mindsets!

[@chrisp5529]

They've been business partners a long time and there's a reason why

[@guozhongpan6428]

yeah, almost the same

[@RockyM2]

Munger gave younger buffet a better insight to many things. Read poor Charlie’s Almanack

[@LesserMoffHootkins]

They’re both from Omaha

[@Dr-BA]

Charlie Munger is simply *Pragmatic*. I learned a lot from his wisdom.

[@dakotahbowman120]

Charlie is right. I never have met a sad collector lol

[@InvestorCenter]

Same with me haha

[@ashthegreat1]

I collect guitars and tube-amplifiers ... n yup ... I’m pretty bloody happy 😊

[@InvestorCenter]

That’s the life

[@candyfloss184]

Collect stocks of wonderful companies like you collected stamps in childhood and hold them like you still hold your stamps.

[@InvestorCenter]

I love that analogy

[@candyfloss184]

🌟 The Investor Center - Learn Investing this is my advise from my future to my present junior self today.

[@quill444]

I remember starting back in 2005, adding more shares of Apple to my portfolio every time I saw on the news people waiting in long lines, and even camping out overnight, simply in order to buy the next iPod, or iPad, or iPhone. Amazon seemed like a good way to buy books online in the late 1990s, and so in 2001 it was possible to acquire shares at about $15 (the price plummeted to below $5 a share a few months later, after Sep 11, 2001; but I held on, in spite of it having temporarily lost two-thirds of its value). And in 2004 I believe, over the next decade and a half, every time I heard "Google" being used as a verb, I acquired a few more shares. As of 2018, Amazon crossed above $1500 a share, and so over the course of seventeen years, it became a "Hundred Bagger" (as of now in 2020, it has doubled once again since then!); Apple has come close to being a "Five Hundred Bagger" for a few investors, at least for those shares purchased earlier; and I think we're still waiting for the verdict on Google, as to whether it is trying to become a "Two Hundred" or "Three Hundred Bagger" in the very near future. Of course I won't list all of the losers, of which I've had several: but a few include Enron and Nortel, so I've had several investments go completely bust. But while you can 'only' lose 100% worst case, in order to offset these losers and be successful, all it takes is a few "winners" that can often exceed 10,000% on the upside, if you're patient. This takes quite a bit of discipline, because even with such extraordinary investing opportunities over the past five decades, the "Tech Wreck" of 2001-2002 chopped my portfolio in half, and then once again in 2007-2008, the "Housing and Mortgage Bubble" wreaked even more havoc! All it takes is some small sacrifice and regular saving: for example, if you gave up cable tv or a cell phone in 1990 and invested that amount each month for a few decades, it would have easily grown to six figures! What many people spend on fast food and coffee, if invested over three decades, could often generate a portfolio of half a million dollars! And it sucks not having something that it seems like everyone *needs* to have, but in my own case, I look back and think, "Was having cable tv really worth being able to invest and retire earlier?" Sacrifice and Discipline over Time all combined seems to be the formula. And listen to these people like Charlie Munger and Warren Buffett! - j q t -

[@InvestorCenter]

John Quill Taylor amazing!!!

[@coinparadise]

Thank u

[@InvestorCenter]

You are welcome :)

[@forrestgump624]

There are legends And there are the two of us #Nofront

[@InvestorCenter]

The Oracle thank you Mr. Buffett

[@InvestorCenter]

#nocap

[@Crimac23]

Thank you for this wonderful channel and content May Charlie live for a long time

[@InvestorCenter]

Thank you for the support!

[@thepianist7084]

Crimac your wish is granted.

[@InvestorCenter]

The Pianist thank you! The world is a better place with Charlie here

[@garygreen4250]

congratulations Mr Charlie Thomas Munger you are looking so well and still teaching US Amazing

[@InvestorCenter]

👍🏻

[@brettj3850]

How do you rate his lesson here, and what does this say of your understanding of ethics and the law? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@bencarson842]

So much wisdom

[@InvestorCenter]

Yes sir!

[@quotestechmalayalam8489]

Great video

[@Historyteacheraz]

Thank you Charlie for sharing your wisdom. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good resource to learn his investing principles.

[@hasanz5259]

Let’s hope this wise guy makes it to 100.

[@InvestorCenter]

Yes please!

[@LatinDanceVideos]

I need to read more about this guy.

[@InvestorCenter]

He’s definitely someone to learn from!

[@shid.account7629]

actually incredibly interesting take

[@jonj5313]

TRULY A WISE MAN. A GREAT MAN EVEN AT THIS VERY OLD AGE. NO OTHER MAN OF HIS AGE IS AS INTELLIGENT & MENTALLY SMART AS MR. MUNGER IS.

[@KzLollapalooza]

Thank you for your time and effort to compiling wisdom for your subscribers.

[@InvestorCenter]

Thank you! I truly love investing and want to help people learn as much as possible.

[@KzLollapalooza]

@@InvestorCenter Thank you very much. Sparking Continuous learning in others very nobel. The quality of your video edits are also improving too. Thank you.

[@korylehman79]

I love this channel

[@InvestorCenter]

Kory Lehman thank you!!!

[@over07ful]

All of this knowledge before the internet

[@InvestorCenter]

He worked hard to acquire it!

[@Onlinesully]

Olivia Purcel the internet and smart phones can be quite dangerous

[@ClooneyThunder]

all the knowledge in the universe exists 100% of the time any time and anywhere in the universe

[@DanOneOne]

People listen, knock their head as if they understand, but only think "yes, yes... I want the money" ) Ask yourself if you can repeat what he just said...

[@InvestorCenter]

Dan One 100% agree

[@brettj3850]

To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@AuroraNobreVasc]

You born with it or without it. People can’t be who they’re not .

[@ianr5690]

INSIDER knowledge always help, after all the own a rating agency!

[@InvestorCenter]

Rating agencies don’t have access to material non-public information

[@z17seattle]

@@InvestorCenter but they influence the public

[@jkd1975]

And how exactly did they build enough wealth and social respect that they might own a rating agency people cared about? Munger has always struck me as a man of integrity. Rare among billionaires? Sure. But he seems to be just that. Buffet is a decent man and remarkable investor; munger is a remarkable man and good investor. Together they were an incredible team. I see no reason to tear the man down at the end of a well lived life.

[@colinsmith6250]

This. Is. Awesome.

[@InvestorCenter]

Munger is so wise!!!

[@chriswinner2915]

Yes it is!

[@7jahson]

I’ve got more reading to do. This is the epitome of a well read individual. It must torcher for him to speak with an average person.

[@ravindertalwar553]

Congratulations 👏 and all the best for your success and happiness 💖

[@doug2731]

Watching this in March 2021, and the Governor of New York's still low hanging fruit

[@pravinerode2599]

Its funny that he has the voice of Warren Buffett.... But a great legend and i respect him a lot..

[@thepianist7084]

Anyone know the inanity he's referring to when mentioning the governor's speech that morning?

[@InvestorCenter]

I had the same question, hopefully someone else knows the reference

[@darraghcollins4961]

I believe it may be in reference to Elliot spitzer's prostitution scandal. Please correct me if I'm wrong.

[@InvestorCenter]

Darragh Collins it happened the same year of this interview so it is very likely

[@bernardotrindade8952]

What's the book about Pavlov's last work thar Mr. Munger talks about at 9:35?

[@chriswinner2915]

Moral of this video: Everyone should collect something lol

[@InvestorCenter]

That’s a fair take away from the clip

[@user-pc7ef5sb6x]

I collected Yugioh cards since I was 12. Come to find out, they were worth $30K by the time I hit 28 lol

[@MRGFUNKY0]

@@user-pc7ef5sb6x MTG over here since Arabian Nights with some Beta and Alpha. Started out as a player and became a collector it was a passion for years till family toke the front seat in my life. According to Ebay and sites like Card Kingdom the collection is valued way more then I ever thought.

[@brettj3850]

The 'moral" of this video, huh? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@sheevamatimbas4300]

People you can learn a lot I mean a lot from this man

[@InvestorCenter]

Yes they can!

[@brettj3850]

How do you rate his lesson here, and what does this say of your understanding of ethics and the law? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@mm-eu8sg]

Is this the same Investor Center as the one in Wolf of Wall Street?

[@abc18792]

Wisdom at its finest

[@str3123]

Anyone knows what are the “mooney” he’s talking about? Sorry I’m not mothertongue and I’m using English subtitles.

[@brettj3850]

"Moonies" is a term referring to a cult (aka "the Unification Movement" or "Unification Church") founded in Korea.

[@Martin-se3ij]

Wonderful stuff way too many adverts

[@thehungergames8918]

Charlie is a legend 😃 🤟

[@TragillMelville]

Love this guy one of the best

[@niciassmith1204]

Most people who are really successful also got some very very lucky breaks, right place right time, met the right people.

[@BradPitbull]

My NIGGA KEEPIN it 💯

[@lk8856]

Amen!

[@marshallhosel1247]

Charlie is an icon.

[@jacky7878]

Think in inversion Look for interplay of Big Ideas Occam's razor - keep things simple

[@arvindjha9445]

Munger every words is life learning and wishes for long live

[@humblepleb]

this is a book with legs and hands

[@InvestorCenter]

That’s a great way of putting it

[@nisatavines]

Nice

[@wilhelmushoffmann8054]

He seems to be good in talking

[@InvestorCenter]

Wilhelmus Hoffmann he has a lot to say

[@rahuldsouza2855]

What this guy doesn't know is probably not worth knowing.

[@InvestorCenter]

Haha I love that

[@d.jkahoota262]

That's great!

[@mkev5516]

Bitcoin is worth knowing.

[@MarcPfeiffer]

5:12 - is he saying "ananoties"? Unfamiliar with the term he's using there - if anyone knows what word he is using please share

[@InvestorCenter]

From my understanding, the word is a synonym for mistakes or foolishness. He is essentially saying learn from other people’s mistakes so you don’t repeat them

[@johnspy12345]

inanities

[@thecook8964]

Inanities

[@gourabbanerjee3075]

This guy is a genius

[@InvestorCenter]

Yes he is! He doesn’t get the credit he deserves because he is in Warren Buffett’s shadow.

[@gourabbanerjee3075]

@@InvestorCenter I don't think he is anyone's shadow. He is the best brilliant mind in investing world who inspired even mr. Buffett to buy growth companies.

[@brettj3850]

How do you rate his lesson here, and what does this say of your understanding of ethics and the law? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@gourabbanerjee3075]

@@brettj3850 I am too small to rate Mr. Munger. I think we both do not have enough knowledge to talk about Mr. Munger. At the end of the day he is a billionaire and a great man. So let's show him some respect.

[@brettj3850]

@@gourabbanerjee3075 Nonsense. If he has acquired that wealth by means of deception and bribery as he appears to suggest, he is actually not such a great man, and is not worthy of respect.

[@santander6317]

Clever

[@inspiredgalaxyresearch3782]

Thumbs up to this video

[@collinrudert97]

The good oldays

[@InvestorCenter]

Yes sir!

[@brettj3850]

Before bribery became illegal? To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@unfgreen]

17:30 how things are sold

[@InvestorCenter]

That’s one of my favorite parts

[@jmm1817]

Excuse my ignorance but what does it mean to bribe the other guys purchasing agent?

[@InvestorCenter]

To pay the person at a company that is buying your product so that he or she picks your product over competitors

[@jmm1817]

@@InvestorCenter or thrown them some freebies... that's what I do, and it works well👍😉

[@kshitijdeogade9602]

Charlie is a rockstar.

[@makingmadmoves7643]

I bought KO per his lifelong hold recommendation.

[@InvestorCenter]

Not a bad idea!

[@lkhbhydroponic6858]

I don't get it. I guess need to listen to it 100 more times. Maybe 1000 times 😛.

[@InvestorCenter]

I’m sure if you listen that many times, you will learn a lot :)

[@brettj3850]

To paraphrase, what I just heard in this presentation is: Increase your price to alter the market perception of your product/service, then use the proceeds of that exercise to engage in bribery. In the comments threads, I now see vast numbers of people lavishing praise on Mr Munger...

[@BinanceUSD]

👏👏👏👏👏👏👏👏👏👏👏

[@InvestorCenter]

👌👌👌

[@stargazeronesixseven]

Agreed! We fancy pant humans think we're Smart but God is always Right! 🕯

[@tinker-ing-around2317]

Mr. Munger's IQ and EQ are soooo much higher than the average person.

[@user-cu3xo8yz2w]

RIP to one of the greats of LONG TERM investing.

[@User12345fan]

Years after a capitalistic boy from Albania is learning from him, beauty of the world.

[@christianjohnson3205]

Basically, you do not have to be a PHd specialist to look at academic disciplines.

[@LesserMoffHootkins]

Imagine repeating as a checkers champion after 65 years

[@MetalBum]

👍

[@InvestorCenter]

👌🏻

[@iirgendsonTyp]

Even in 500 years we wont really understand his genius

[@ralphalf5897]

He admits incentives for everything in business and yet lays forth no incentive for the "crazies" to learn more disciplines and stop being crazy. Ergo, they won't. Lol Brilliant.

[@justchilling_.]

Him and Buffet sound alike.

[@InvestorCenter]

Yes they do!

[@NHisways]

Voice sounds just like Warren Buffett

[@InvestorCenter]

Yes it does

[@canadaclub8920]

i guess if my dad was a lawyer and his dad was a district attorney who could fast track me through Harvard law i might be rich too

[@dust2star]

100 👍🏻

[@chiraagkaran9612]

He sounds Exactly like Warren Buffett