Charlie Munger: How to Get Rich During Inflation

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According to Charlie Munger, “If you aren’t confused by what’s going on, you’re not paying attention”. Inflation has been at its highest levels in generations in recent years. The impacts of which have been devastating. It’s now even estimated that a staggering 61% of Americans are experiencing severe financial hardship due to this high inflation. However, there’s a hope out there that the high levels of inflation seen in recent years was just a temporary thing. The belief is that relatively shortly, inflation will return to very low levels. Legendary investor Charlie Munger disagreed. Before his passing, Munger was ringing alarm bells about the future of inflation and the economy.
In this video, we're going to cover why Charlie Munger believed inflation is here to stay, and arguably most importantly, how you can protect your money from the devastating impacts of high inflation. Over the past couple of years, inflation has been at levels not seen in decades. In June of 2022, inflation hit a peak of 9.1%. You have to go back roughly 40 years to the early 1980s to find a period of time in which inflation was this high.
As Charlie mentioned in the clip, a big cause of this sky high inflation is money printing. Take a look at this chart of the money supply in the United States dating back to 1960. Money supply is exactly what it sounds like, it is a measure of all the readily available money floating around in the economy. As we can see in the chart here, the money supply in the US was growing at an ever increasing rate. However, things really started to get crazy in 2020. In order to prevent a widespread financial collapse, the US Federal Reserve took truly unprecedented actions. This, combined with drastic steps by the government to support the economy, lead to trillions of new dollars getting printed. In previous interviews, Charlie Munger has compared this massive amount of money printing to an individual using illicit substances. At first, it feels absolutely amazing. But over time, there are very severe consequences. When it comes to the economy, one of those severe consequences is inflation. To quote the famous economist Milton Friedman, inflation happens when there is too much money chasing too few goods. While that may sound like a complicated concept, trust me, it’s actually very simple.
This video covers topics such as How to Invest During Inflation, Charlie Munger Inflation, Stock Market During Inflation, Investing During Inflation, Charlie Munger interview, Inflation, Inflation Housing Market, Inflation Real Estate, Charlie Munger Best Moments, and Charlie Munger latest interview.

[@InvestorCenter]

Get an 8.1% APY on your uninvested cash when you sign up for Moomoo using my link! Terms & Conditions Apply: j.moomoo.com/00mF1u

[@jeremyhicks2449]

Rip Charlie

[@martinreilly41]

“In reality, Charlie was the ‘architect’ of the present Berkshire, and I acted as the ‘general contractor’ to carry out the day-by-day construction of his vision.” - WB

[@AwesomeDude272]

Really? Wow. Buffett is so humble. Respect.

[@reedjack6564]

If my economist ain't got eyes like this, then I don't want him. Clearly, this dude has been staring at numbers and figures his whole life. Respect.

[@IonutStoican92]

I was laughing with hiccups. Great guy nonetheless.

[@BrockKnocks]

Dumb comment. If you have nothing intelligent to say then say nothing.

[@reedjack6564]

@@BrockKnocks you obviously lack meme culture so I'll leave you to the supremely intellectual circles you exclusively inhabit.

[@HuahKueh]

so the summary is just 2 points. 1 ) invest in asset light business. 2) spend well below your means. but how does it get me rich?

[@Q-154]

You answered your own question. Doing what you said will increase your net worth over time.

[@davidhuffman9182]

SIMPLE/ By applying these methods to a 30 /40 year lifestyle plan like Charlie & Warren have done . Sounds like you maybe looking for a get rich quick method? Its Not Rocket science !! Just Simple Math & Disciplined lifestyle ! It works! married @ 16yr old, 3 kids,7 grandkids ,GED only, NO family money or inheritance ever. All happy & healthy & never needed or tried to keep up with the jones down the block. No pensions ether! will retire @ 63 with Zero debt & more than a 8 Figure NET worth! lookup Choose Your hard on the internet quote. THEN CHOOSE YOUR HARD that you can live with !

[@yeetboi268]

@@Q-154 nuh uh, earning more is how to get rich, investing or saving wont unless you are already rich in the first place

[@scottjboswell]

Earning more won’t build wealth unless you are living below your means. If you are living below your income - you can save/invest. Investing is building wealth. This works regardless of your income level.

[@mattboh69]

charlie says get your first 100k into compound interest assets and let the compounding take over

[@Edward-zw9ld]

So, let Charlie talk and forget the play by play

[@ptliang011]

Thank you so much!! Please make more!!!

[@jamesp8459]

Airlines are one of the many garbage investments I never make, their debt loads only increase overtime and they can never seem to get their heads above water financially. Airlines are also highly cyclical and at times need the tax payer to bail them out so they can continue sucking at running a business.

[@sterling2p]

I heard that they hid the real business in the frequent flyer miles part of the business.

[@inertiaforce7846]

I only bought $250 of Delta airlines when covid occurred because I knew their business sucked lol 😂

[@yankeedoodle6293]

Very informative vid. TY

[@InvestorCenter]

Glad you enjoyed the video 😊

[@Frankjacob387]

Inflation has a more pronounced impact on individuals compared to a downturn in the stock or housing market because it directly affects the cost of living, which people immediately feel. It's understandable that negative market sentiment is currently widespread. Assistance is essential for navigating and surviving in this economy.

[@jimmydan12]

I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what is best to invest into.

[@EdwinSolomon-zs3nz]

Anyone have recommendations for a reliable monthly investment? I hope to ultimately supplement my income from work with a monthly income from investments. I will still make long-term investments, but it would be wonderful to have a little additional money each month.

[@ben_dukeson]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky to be exposed to personal finance at an early age, started job at 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@pineedbydmoon]

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you

[@scottjboswell]

Very good video. A great share. Thanks 👍

[@mmm-cake]

Elon should make a humanoid robot of Charlie Munger for Warren 🤘🏼😝

[@lesleyjohnson8488]

Really appreciate your videos! Absolutely love Milton Friedman. His ‘Freedom to Choose’ series is amazing!! ❤

[@InvestorCenter]

Thanks for taking the time to leave such a kind comment ❤️

[@lesleyjohnson8488]

@@InvestorCenter And thank you for taking the time to make such great videos!

[@MasonChris-kr4mu]

I committed $600K into some real assets like infrastructure and also looked into certain types of fixed-income securities. The idea is to have a balanced portfolio while taking advantage of the current liquidity environment. What are better strategies to optimize my portfolio?

[@chrissmurrayy]

I suggest you diversify into alternative investments that could benefit from the liquidity-driven market conditions. Or better contact an expert to help Taylor your portfolio

[@eastwood224]

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

[@MasonChris-kr4mu]

Pls can you recommend this particular coach you using their service?

[@eastwood224]

NATALIE ANN BRINKMAN 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..

[@MasonChris-kr4mu]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@kmilesSC]

You are amazing

[@InvestorCenter]

Thank you 😊

[@kmilesSC]

@@InvestorCenter You are so welcome. I would love to meet you one day

[@libertyjustice2703]

The only way to make money during inflation is to be rich to begin with. Without money to invest, its pointless.

[@davepelletier708]

Thanks for the detailed explanation of the obvious!

[@robertclarkson6064]

Thank you 👍👍👍

[@southernsweettea3478]

What’s the point in printing all that money when we know we’re gonna pay for it in the end.

[@slowbastardo9101]

Called buying votes.....

[@__-qn7tg]

Re-election is the point. It’s a short-sighted political move.

[@yankeedoodle6293]

We’re not

[@Meepoli]

The people printing and the people paying are not the same people

[@southernsweettea3478]

@@Meepoli right!

[@Eden639]

Very good and well explained. Thank you

[@InvestorCenter]

Thank you!

[@Modesh52]

Thank you your channel is amazing. I am learning so much from you. Plus your voice is so calming love listening to your channel.😊❤

[@InvestorCenter]

You are so welcome 😊

[@radamseymusic3470]

In the thumbnail, he looks like yoda that got its ears chopped off. Just make him green and give him pointy ears😂

[@AS91ist]

Yeah, but at the end of the day you need to have asset heavy businesses in your country..

[@robertsamuel2990]

Awesome information

[@InvestorCenter]

Glad it was helpful!

[@karl851]

Gdp down dept up or flat = inflation

[@aprlk]

berkshire is a huge basket of diversification so I don’t understand this video 100%

[@alexschroyens1898]

Thank you very much. You should consider a teaching job.

[@joec2083]

All of the tutorials here are only effective if you have money to invest. Most people are living check to check on a daily basis. When the feds raise the rates most people live a check and a half behind every week.

[@noerodriguez5190]

Great video!

[@ssemombweandrew]

Present 😊

[@InvestorCenter]

❤️

[@Sky1]

"Transitory" yeah, right!

[@owenpalma2982]

RIP...my greatest mentor...from Philippines...

[@user-hg2tk3xj9y]

Enjoy the security of decent rates on bonds and bank cd's about time they start to pay again.

[@alexchainey.]

Isn't Costco, Asset Heavy?

[@44godson]

People are focused on revenue but inflationary premiums are apart of the equation because of the assumption of effects on particular returns. Supply and demand on on security might have more volatility of lets say commercial real estate. During COVID times, there were tremendous losses during this time period of operational costs, and nobody was actually in the office to maximize returns by being there. Hence, things were conducted remotely. So even if steady revenue were still coming in from the business but was it enough or above that of the return on having that physical asset. So a stock may have elements involved of people were buying less in store, but the demand for online and 3rd party purchasing (Uber Eats, Amazon etc.) So businesses that operate online strictly vs a brick and mortar, had better returns because operational costs were actually lower.

[@tiktokintheplanet7831]

Rip Charlie. Really helpful video for us who living in hyper inflation.

[@087RR]

🐐

[@tylerfoss3346]

How much longer can I continue listening to this very annoying....like....robot audio in this video.

[@guldtegel]

For real…stop drawing your last syllable out it’s irritating. You sound like a stereotypical Beverly Hills floosy when you talk like that. Like, OMGeeeeee Beckyyyyyy, stop talking like thaaaaaaaaaat 🤦‍♂️

[@Sam9wilson9]

❤

[@marksgoogle4360]

wheat and gold. Food and real money

[@mikkimikki5376]

Thank you, Charlie. ✨Rest in Peace.✨

[@Barr894]

One huge flaw in this analysts. When inflation hits double digits as it will when they print trillions more to support the growing deficits and tax cuts the next president will brings the everything bubble will collapse. That’s includes all stocks real estate bonds and commodities. For now, the fed will be soft as the election approaches and the market will hit new highs as the AI euphoria continues.

[@mjs28s]

Munger is either lying or ignorant of what he has. He is always going on about how diversification is not smart, like @6:30 yet Berkshire holds dozens of companies across multiple sectors outright and shares in dozens of publicly traded companies. His stock holdings that are lying inside of Berkshire has him WAY more diversified than my two dozen stocks and ETFs all across multiple sectors. Then he just blindly adds 'apartments' with no granularity. Well, pretty sure it isn't a couple of fourplexes all in the same complex. In 2021 his investment in the apartment company is quite large and diverse to the point that in 2021 alone they bought / added 1,700 more units (a $423 million investment). Afton has units in multiple states. But ok, focus like a laser, Charlie. He was very diversified yet, for decades, he acted like he was highly focused. Just because you have 5 dozen (or more) investments in businesses that you own outright or shares in but under title of one entity doesn't mean you are highly concentrated. Might as well own an ETF that invests in the largest 1,000 companies on the planet and tell people that you are so highly concentrated that you only hold one investment while leaving out that investment is spread out over the planet and across every market segment. Then, @9:48 this video repeats his Charlie's lie. Berkshire's public portfolio, at this moment, is 47 different equities including an S&P500 Index ETF!

[@veger5872]

Agree 110% Munger and Buffett never give up the real magic to getting rich; in other words, they are both very selfish!

[@faustinreeder1075]

Charlie is in Hell right now.

[@bwnaylor]

Raise the rates. Correct the problem. Get back to a productive economy.

[@xnbdxtidaltitan7851]

❤❤❤❤

[@sydneynguyen8064]

You will own nothing, and you will be happy ( Charle Schwab)

[@medusaskull9625]

Sound easy. 😂

[@andrewscot1014]

And that's just another day of saving the beeeeeeeees

[@dougparson4407]

I was averaging 21% ROI on my rentals before the money printing. Due to the cost of everything going up I had the lower some rental rates and now average 15%. This is still a good return on Investment however profit rates on an investment should go up and not down over time. Inflation makes most things go backwards to most people and is controlled by the Federal Government and Central Bank. Who you Vote for in State & National Elections does Matter !!

[@RoniMogy]

And you will with more immigrants and rent controls. 21% was not sustainable anyways, no business makes 21% pure cash.

[@dougparson4407]

We have forecasted 22.5% by 2026 - after Trump gets in and fixes things. I averaged between 25% and 35% ROI on all my flips except the 1st one. Don't let other people limit your mind or your earning potential.

[@JoseSilva-wi2xc]

WHY MY MONEY IS NOT GROWING.

[@Dillingham-]

Charlie is the architect

[@InvestorCenter]

Glad you read the letter ❤️

[@wodden345]

.

[@cherylkelly8009]

What is this "affect" -- this accent young women use where the last word is flat or drps is annoying as hell

[@JoseSilva-wi2xc]

WARMONGER.

[@homedaily6570]

Rigged market, scam!

[@OshoRamseyGump]

Switch to bitcoin and then there won't be any inflation. Only deflation

[@Bean-tn2xq]

And Bitcoin makes what ?

[@OshoRamseyGump]

@@Bean-tn2xq Bitcoin is money. It's really good money. It's scarce, it's technical, it's efficient, it's the best money the world has ever had. What does it make, you ask? Money makes the world a better place to live. There are only 3 certainties in life. Death, taxes, and 21 million bitcoin.

[@Coral_dude]

What kind of bad take nonsense is this from the narrator? Inflation will return to low levels? Who cares about low levels it doesn’t back track that just means slower addition of degradation of the currency.

[@seriouslyyoujest1771]

More income, than expenditures.

[@donmarek7001]

Inflation is at least 10% or more, so the nominal return is about 0% to -2% these days.

[@pimpdaddy7710]

He dead so don’t matter to him no mo