Charlie Munger on U.S-China tensions: Both sides are equally 'guilty of being stupid'

Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. Buffett and Munger react to the ongoing tensions between the U.S. and China. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@MMA-gb6to]

China is just defending... What's wrong with that?

[@xdgao3015]

China is reactive, how can China be labelled the same, I think Charlie is just trying to avoid being accused of being politically incorrect

[@christianwalsh5494]

When has Charlie Munger ever given a fart about being politically correct?

[@JianYZhong]

I thought so too, we know who is stoking tensions (eg, over Taiwan, the extremely rude meeting at Anchorage, Pelosi’s irresponsible visit, and the “balloon”), and it is not China. Munger is normally blunt, but even he can’t criticise the US stupidity outright. Still, at least he is voicing his concern, so good on him.

[@wanghui562]

Thank you to you both for speaking on behalf of peace. I hope your messages are indeed better understood in both countries.

[@JianYZhong]

I think it’s clear who is stoking tensions, it is not China.

[@hansweissmann_xviii6754]

The Muricans are telling the Chinese to adhere to the "Rules Based International Order". While the Chinese are telling the Muricans to treat them with respect. Who is the bully here?

[@mawangdwei3866]

You are

[@hansweissmann_xviii6754]

@@mawangdwei3866 8 hours ago You are You can either go back to kindergarten or learn English! Either way, not so good news for you today. But probably the best advice in your life !!!

[@Woestheboss]

We need these two wise men much more in the general public of the world.

[@W00IS-J]

Charlie has missed the point. What he said is right but the US is not happy and afraid of China catching up on advanced technologies and that's the reason for the confrontations.

[@hunterphung3638]

You miss the point. China don't want to play fair. It is a bully and steal from others.

[@claus1225]

It's fine. China can always release another virus if they fail to catch up.

[@narlycat]

Well then respect Taiwan.😠

[@christopheradderley6902]

It’s not possible to ‘catch up’ as such because innovation doesn’t stand still - it’s a moving target. That’s why mutual trade between participating nations will triumph dramatically over any self-excluded or partly excluded Nation.

[@billyjohnson9166]

China copies everything the US does. They copy all our products

[@organizer14]

Charlie is right on target, speaking the truth with courage! Thank you for helping to wake leaders up!

[@hunterphung3638]

tell that to Xi.

[@shencheanglow3726]

​@@hunterphung3638 Xi is going alone to mediate peace accord in middle east, Ukraine Russia conflict and Israel Palestinian without uncle Sam. And he is taking the well being if Uighur, tibetan, Hong Kong and Taiwan in his plan without the American. He also is help developing infrastructure and agriculture production in Africa and South America without uncle Sam. He knows it is a waste of time talking to those racists in Washington DC.

[@hunterphung3638]

@@shencheanglow3726 xi is barbaric liar.

[@hunterphung3638]

@@shencheanglow3726 Chinese people try to escape to US a lot.

[@maxdc988]

Abandon our zero-sum mentality (and underlying racism) and co-exist peacefully, then everything will be fine as far as human ability is concerned.

[@jmg8246]

For him to saying US is guilty of being stupid, it definitely means the warmongers are running this once great country...

[@2cartalkers]

Our son has lived in Hong Kong which is in China (for those who are geographically impaired). His business is with the USA and companies in mainland China. He says business has never been better. 😉

[@zenlei8258]

You are lying. Many fresh graduate in China are jobless in 2023.

[@nmslnesses]

Come and live in China! Share our common prosperity, will you?

[@nmslnesses]

Xi dada will insert you both ways and we would happy to see you here. 💕

[@magicsmurfy]

Wall Street and MNCs are not stupid like their politicians. The politicians play games so they can keep their jobs; while the business communities are sane and clear (becoz if u ain't, u lose your pay cheques), but politicians can afford to lie and exaggerate so they get to keep their seats and votes. Those 2 are very different animals. We, the business people, are living in a real world, we have to, we have no choice. We cannot just tax others to get our pay cheques. We have to earn it, that's the difference.

[@2cartalkers]

@@magicsmurfy Well said!

[@Wunderpus-photogenicus]

Mr Munger had to say. “… both sides are stupid…” because he is an American and resides in the US, to avoid being criticized for being unpatriotic. The reality is that there’s just one side who behaved stupidly since the time China prospered and rose to the point of surpassing the US, technologically, economically, diplomatically and even militarily. The true stupidity is not that much in the people; the core problem is the absolute inefficiency and ineffectiveness of the political electoral system of the US. In these types of political systems, the best leadership candidates you can get belongs to the lower quartile caliber at best. If the US continues to utilize an electoral political system to find its leaders, its sun might set soon, probably permanently.

[@vincentho3964]

@dinosaur - Right on. Absolutely agree. Winston Churchill : "The best argument AGAINST democracy is a five-minute conversation with the average voter."

[@PotatoHead2022]

You will be called traitor very soon

[@michaelngan99]

"The true stupidity is not that much in the people; the core problem is the absolute inefficiency and ineffectiveness of the political electoral system of the US. In these types of political systems, the best leadership candidates you can get belongs to the lower quartile caliber at best." This is because a very evil and dark force has seized control of the Western world, for at least the last 70 years. Their agenda is continuous war, hatred, division, moral degeneration . . . . in the name of democraZy.

[@rasmusrasmusson]

China's wolf warrior diplomacy has been rather stupid.

[@Wunderpus-photogenicus]

@@rasmusrasmusson didn’t the west always China “…copied from the US…”?

[@rebym]

Smart people but they're not really characterizing this properly. Most of this aggression as of late has been one-sided, with the US taking an adversarial position and China responding, generally with a lot of restraint. Also, Apple is a very poor example of the benefits that the US can enjoy in its relationship with China. One assumes that Munger has spent time in China, in Shenzhen, in Shanghai or has seen many of the megaprojects such as the Hong Kong-Zhuhai-Macao bridge. Anyone who knows China realises that in many ways China is far ahead of the USA, in particular in infrastructure, in payment systems, in high-speed rail, in electric vehicles and so on. The US would benefit hugely if it had friendly relations with China. The potential to use China as an inexpensive place to produce goods is only a small part of the gains the US should see.

[@QuantumEcofarm]

It is the anglo saxion ego things. They can’t accept Asian raising up.

[@yuning8045]

@@juliusloch4924 I didn't know the FBI hires homeless people to comment on yt video's.

[@QuantumEcofarm]

@John Yes just China because she is big enough to be a competitor.. India is a long way to go. But historically, last 1000 years of human history, China and India have the biggest economy, it was the colonization that distroyed these two country. Western power is merely 200 years.

[@claus1225]

you seemed to have forgotten China released a virus that killed millions of Americans.

[@billyjohnson9166]

China copies everything the US does. Chinese aren't smart enough

[@rabbitazteca23]

Charlie ia half right. The tension between China and the US, though, is one-sided with the US leading the charge. China has been largely reacting to America's belligerence and outright bullying

[@maxdc988]

He was just being diplomatic. He's after all an American. 😂

[@genec390]

Charlie says both sides are equally responsible. Is this really the truth as he sees it? I would like to see some evidence of China bullying the U.S. As far as I can see, China only responds to the bullying from the U.S. If one person slaps the face of another, and the other responds by slapping back, is this what he sees as equal bullying? I don't understand this logic. Is he proposing that it's not stupid to just let the first person keep on slapping without slapping back? I am a simple minded person and just don't have any respect for this kind of reasoning.

[@david50665]

that is the best he can do otherwise he will lose all cred and be labeled a wumao or genocide denier or some other ridiculous epithet

[@leapseanho930]

Well, you have to forgive the two old men. After all, they are Americans. They live in America. Bill Gate is the one who is more capable of telling what is really going on between the two superpowers.

[@jeffxie5067]

@@david50665 As a Chinese, I would say that's wisdom. If a word is expressed in a way that angers the listener, the listener won't take the reasonal point of the word.

[@TheFlagUnit]

He has to say equally because he lives in the USA and has to give himself PR cover.

[@wz758]

Right. US is clearly the more stupid party as they are afraid of China overtaking them.

[@claus1225]

that's funny.

[@albertleung5823]

Agree, he doesn''t have to courage and the integrity to speak for the truth!

[@jjjkkshen2836]

Antichina is the way to make good living in USA

[@claus1225]

@@jjjkkshen2836 you are mistaken. everyone loves China cus everyone got china virus.

[@dznuts123]

It’s mainly the us doing the provocation. Old munger just wants to keep his money.

[@LaVictoireEstLaVie]

He is trying to placate the nutjobs in Washington DC. The US usually never takes responsibility for its disastrous behavior on the world stage.

[@LetsLearnEconomic]

@@dznuts123 anyone who says anything bad about the U.S. is now a bot for some reason.

[@fannyalbi9040]

facts. but still stupid munger.

[@Wuestenfuchs47]

He is wrong, because it is mainly the Americans who are igniting and fueling conflicts. As they have been doing for decades around the world. So also in Taiwan.

[@clydeduran3887]

I don't know what books you're reading bud you need to find yourself some fresh material that old tripe about the americanos are the evil beings you know wherever you're from wuesten Shanks I sure hope you know what it's going to happen if we back off of defending the high seas and why don't you fess up tell us where you're from have an honest conversation with yourself and realize that maybe your peace and security is from America's patrolling those high seas allowing for global trade to take place that's not me that's the world order that was put in place after World War II you think you hear this stuff on the news for those kooky reports that you know these left-wing professors right there easily proven inaccurate boosting Shanks I hope you're not freezing hope you have the gas in the oil to get through that winter and if you do you get attacked by Russia don't worry man the backstop and NATO is the United States of America plenty of people out there can say whatever they want to but when it comes down to it you're looking for peace and security better give thanks United States got your back now wuesten Shanks if you're somewhere else go ahead fess up are you in China are you in Russia that's like two pregnant women going to the altar to get married saying she got me pregnant no she got me pregnant lot of pronouns in this world bro make sure you know who you're talkin to

[@trentkenzler8478]

Tangping, wumao.

[@jamiemiller6156]

I don't know, I think the desire to be the most dominant economic world power is extremely strong in both countries. The US seems to poke China a bit harder than they get poked, but the Chinese desire to control Taiwan is also a huge contributor to current tensions.

[@VinVin21969]

@@jamiemiller6156 the thing is china cant trust u.s what they said is completely different than what they did.

[@danwelterweight4137]

​​@@jamiemiller6156 Taiwan's own constitution states that Taiwan is a part of China. Taiwan's official name is not even Taiwan. Taiwan's official name is Republic of China or ROC for short. Are you going to sit there and argue that the Republic of China is not a part of China? Even Taiwan's military is named after China. Taiwan's birth certificates, death certificates, money, banks, universities all have the word China written on them or the word China on their names. Taiwan's government for decades used to claim to be the legitimate government of the whole of China. Under their own constitution every Chinese in the Mainland is a citizen of the Republic of China. They used to represent Mainland China in the UN security council up until 1972. The only reason they don't anymore is because the entire world voted to kicked them out and replaced them with the government of the People's republic of China. Because the government of the People's republic of China has the support of the majority of the Chinese people. Taiwanese are Chinese, speak Chinese came from China. Okinawans are not Japanese and don't speak Japanese and did not come from Japan. They used rk be a seperate Kingdom called Ryukuo thst was taken over by Japan in the late 19th century. Same thing with Hawaii. Hawaii was a seperate kingdom internationally recognized as a sovereign country u til they were taken over and annexed by the US.

[@rasmusrasmusson]

These two are so great at simplifying.

[@organizer14]

Yes both can prosper if both sides have a sense of humor, humility, gratitude and appreciation of the other sides red lines…

[@DarbyCDoll]

CCP have a sense of humor - just think about that for a minute …

[@una1975]

@@DarbyCDoll kzbin.infoZxdG6qrfXRc?feature=share

[@naivoj122]

Who is the one sticking their nose on others territory?

[@directxxxx71]

I copied this post from a Taiwanese guy named Tigger Hanson ..... I was born in Taiwan and would like to share with you about the change of Taiwan in the last 15 years: During 2008 and 2016, people in Taiwan and China have been very friendly. The tourist industry and the trade benefitted Taiwan tremendously. Both sides shared a agreement (i.e., The 1992 Consensus) that people from both sides were Chinese even though they have different systems and they made the “One China” interpretations in their own ways (OCI). However, there is always a group of people in Taiwan refusing to admit that their ancestors were Chinese and they chose whatever ways to undermine the eventual unification of the China and Taiwan. In 2016, this group or Democratic Progressive Party (DPP) won the election by spreading the hatred of China and again in 2020 by exploiting the fear of Hong Kong's riot. The elected president tore up The 1992 Consensus and started cutting all ties with China including changing the official Chinese history books for students. After Trump was elected president, he accepted the congratulation phone call from Taiwan's president, which breaks the US-China tradition since 1979. For president Trump, Taiwan is the best dagger he can use to attack China. He increased the weapon sales to Taiwan along with the trade wars and tech wars against China. After the outbreak of COVID-19, Trump grew desperate and blamed China on spreading the virus as the main strategy of his re-election. He sent the high level officials from US to Taiwan to provoke China. For example, they cut off the mask supply to China in January 2020 and they refuse to bring the Taiwanese in Wuhan back to the island. They spread lies that WHO failed to heed warning from DPP and demanded the resignation of Tedros. They also require that anyone from China would have to be quarantined for 14 days even when the virus in Wuhan had been under control. The Taiwan president kept calling WuHan Virus to enrage her base just like Trump until the end of his presidency. And, DPP made no effort rejecting Trump's request to move TSMC's most advanced production to Arizona and ban semiconductor sales to Huawei. In case you don't know, TSMC is considered the silicon shield of Taiwan since it is a national treasure that China would not want to destroy. It is hard to blame the people in China that they felt betrayed since DPP used the huge trade surplus $150 Billion) with China to buy weapons from USA. In 2022, Pelosi as the 2nd person in the US presidential line of succession, provoked China again by visiting Taiwan. Washington's goal is to steal TSMC and Ukraine-ize Taiwan. And, China Hawks in Washington and Think Tanks would like Taiwanese to fight to the last person if the war breaks out. Taiwan's ruling party, DPP, is happy to play the anti-China card to hang on to its power by spreading lies to fool Taiwanese. For example, DPP, in late 2020, shut down a major TV station (CTI News equivalent to Fox or CNN in the USA) which supported the opposing party. And, the justice department is fully controlled by DPP. Taiwan is no longer a democratic country as US government and media are trying to paint such picture to fool American people and the world. The good news is that Taiwanese started to realize that USA is preparing to dump Taiwan as Trump/Biden forced TSMC to transfer their most advanced semi-conductor manufacturing technology to USA. Therefore, if the war breaks out, USA can afford sitting on the sideline. The war game simulation further revealed that Congress had no intention sending US troops to fight PLA. Let us pray that the Taiwanese people would wake up and throw out the DPP regime in the 2024 election. Then, Taiwan and the whole world will be much safer.

[@xiaolvwuming6199]

Let me tell you a joke: From January to March this year, French and German investment in China increased by 635.5% and 60.8% respectively year-on-year. In addition, investment in China from the United Kingdom, Canada, Japan, Switzerland and South Korea also increased by 680.3%, 179.7%, 47.7%, 47.4% and 36.5% respectively, and investment from countries along the “Belt and Road” increased by 27.8%. Then someone said, "In the environment of Sino-US competition, European countries have been pushed to the United States." China's neutral and objective attitude and the business environment of the world's largest manufacturing power are here, but there are always people who think they are smarter than capital...😢

[@zenlei8258]

You are lying. The FDI investment into China is down in 2023.

[@xiaolvwuming6199]

@@zenlei8258 The data is public and can be checked, but most people are too lazy to check, and the information of ordinary people is also very poor.

[@Kira-tb7jv]

Another propaganda machine from China 😂 data from Baidu and Weibo?

[@xiaolvwuming6199]

@@Kira-tb7jv What can i say? I really don't want to argue with you when you presuppose and are biased, it doesn't make sense. I'm just describing the facts I saw, if your point of view is different from mine, then you can take your point of view as the standard, there is no need to come here to comment and waste time...😅

[@Kira-tb7jv]

@@xiaolvwuming6199 😂😂 standard replies from China cybertropper, btw can you halt your people running out from China, Australia and Singapore housing price folded after lifting of travel ban by China government

[@bobcharles7716]

CHINA IS OUR EQUAL! LET THIS SINK IN! What ever every we do to the Chinese, the Chinese can do back to us if not more! And this will remain true for the foreseeable future. The sooner we operate in this matter the better it is for everyone!

[@australianpatriot]

clown

[@pahatpahat9566]

You are on spot! China is more interested to ensure her population stay focus on its economic progress rather than grabbling with a chaotic scenario of frustrated 1.4 billion people. Their defence budget is just a reaction to all the gang-up around her! Remember her experience with the Western Powers [ including Russia] and Japan during the last 2 centuries! With more confronting rhetoric , they will simply react to this, after all if she is caught napping like the Qing empire, XI will be crucified by the Chines people! After all they have so much capacity in steel production, so when trades are slow, use it to build destroyer, air-craft carriers, submarines, frigates, hypersonic missiles and what have you! As long as US and the West can create them she will follow suit! After all they are pretty good according to the Bell Curve theory!

[@2cartalkers]

Competition NOT conflict, that is what we need to do. Quit being lazy and fire up the old get it done attitude.

[@claus1225]

Always bet on China. you cant go wrong with 5000 years of glorious history.

[@tuw2528]

Don’t forget the century of humiliation 😂😂😂

[@cocaineminor4420]

It's actually 7000-6000 years of history not 5000

[@claus1225]

@@tuw2528 they are as proud now as they ever have been.

[@david50665]

@@tuw2528 100/5000 errror rate...still a good bet

[@truthsocialmedia]

I always bet on black - blade

[@albertleung5823]

Jeffrey Sachs will eat Charlie Munger alive on the same topic!

[@fannyalbi9040]

because jeffrey sachs doesn’t have to worry about his stocks in wall street. munger becomes monger. irony!

[@WallStreetUniversity]

Charlie, Warren and also Ray Dalio speaks the truth. Fund managers are infinitely more intelligent than politicians

[@YangJeongin.1]

“Great power come with greater responsibility.” Uncle Ben.

[@LetsLearnEconomic]

Yep. The U.S. stop hating on China and vice versa. YOU BOTH NEED EACH OTHER. WE ARE HUMANS AND NEED TO WORK TOGETHER GOD DAMMIT. But I have to admit man as an American. America as a country is the real antagonist

[@devildevil2271]

No worries, US can't survive without Chinese 😂😂

[@user-rn9eb4bn5n]

i dont think you understand who made China a key player

[@radearpurba3589]

@@user-rn9eb4bn5n probably, I Agree with your statement, sir. I think we must know how does the strategy of playing in business. However, when the leaders of the country have played their politics in the business, probably the investors will be to move to a better location. Because investors wouldn't want to experience their financial weakening, and avoid bankruptcy 🤒😢😔🙏. I'm so sorry if my statement is wrong 😔🙏

[@LetsLearnEconomic]

@@user-rn9eb4bn5n doesnt matter

[@neilchan7361]

@@user-rn9eb4bn5n how condescending! You have only dominated this world for how long? many countries could have said the same to you. history is just repeating itself. no country can stay on top of the mountain forever

[@directxxxx71]

@@user-rn9eb4bn5n China has always been World's key player multiple times in their long history, so do you honestly think they became key player again soly based on US' help?

[@reubenmorris487]

They talk peace and anti-war but nothing about solving poverty and disparity...

[@astroayumi1752]

Charlie Munger on U.S-China tensions: Both sides are equally 'guilty of being stupid,,,,,,, No the US side only !!!!!!!!!!!!!!

[@sentenialxmen3227]

Amazing interview

[@organizer14]

Thank you very much for your courage and wisdom to speak the truth re US-China! Yes avoid stupidity…

[@tonyatgoogle6076]

What courage? We all know its the US who is trying all the crap, China just responds. Both men are too cowardly to criticise the US.

[@richierich7361]

Two oh one nine 😂😂😂

[@jarrodyuki7081]

top 7 rules in every nation and top 3 rules for life.

[@kangyao4962]

he wasted everyone time with a self bragging opening

[@bugsy791]

yea..jus ask the question maaan

[@david50665]

delusions of self-importance? maybe to drag munger and buffet to a more diplomatic response than otherwise due to forcibly injecting his bit of shared humanity

[@onehitpick9758]

They didn't answer the question, but the question was not that clear.

[@craigbrockway652]

Well said gentlemen, the leaders of these powerful countries seriously need to sit down together and talk.

[@James-mb5jr]

What a chip on his shoulder - Other shareholders with questions just do a brief introduction of themselves and ask the questions, not needing to say where they and their children graduated from.

[@pahatpahat9566]

Human nature, my friend!

[@user-dj4wf8so8t]

Yeah, it was annoying and cringy. But the raison d’etre for overseas Chinese is to climb the ladder toward generational elite status. They understand the game, but get carried away.

[@jeffxie5067]

Lol. "Look at my baby! How cute!"

[@cspang4061]

Charlie does not want to offend the American. Equally stupid? No. There is a vast different.

[@organizer14]

We love your courage to remind both sides (US & China) not to be “stupid” thank you very much!

[@user-dj4wf8so8t]

Blinken, you listening? Or are you still mad about the balloon?

[@halleyoey9535]

this guy is assuming geopolitics as stock market and economy. we would not have any wars if it was assumed that way lol

[@Hunter-go4bv]

China is not only having tension with the U. S but china has tensions with it neighbors.

[@forrestjones8112]

Just read the Hundred Year Marathon

[@berealistic]

Charlie lost his shorts on Alibaba stock

[@chkee17]

Yes, both superpowers must learn to work together and respect each other.

[@arewealone9969]

US stupid? The world knows that’s rhetorical

[@beaulong]

What a bland general non sensical uninformed answer from both of them. There are great core related problems casuing this shift that need to be addressed.

[@Jordan392825]

And I guess you’re a super informed top-secret clearance 5 star general huh? lol

[@beaulong]

@@Jordan392825 just a 4 star... been working on my 5th for years now. ;)

[@cuttalkradio]

Definitely, very capitalist answers, typical for, well, capitalists, but yes, non-answers.

[@tedaspane1493]

"great core related problems" is that China can't be subjugated as Japan in the 80s, right?

[@ignatiuschua5268]

I thought Charlie is the one on the right. Am I wrong?

[@eddiethefoodie9575]

Businessman will always be businessman, they see nothing beyond but money

[@ChrisMFlorida]

I'm shocked this guy is still alive.

[@christophenour]

Charlie is the best 👏

[@louistan7560]

Too much self-glorication.

[@edwardlaw797]

We have about 1000 military bases end of the story😅

[@000wolfnada]

It is a battle of good and evil.

[@gxhjxrgggitdrhk]

China will always try to take the store😂

[@dennyli9339]

Stupidity is part of human history !

[@organizer14]

Charles is correct. History will show how stupid is American foreign policy.

[@jarrodyuki7081]

Oh my god………………..

[@gangshan]

Who started first? U.S.

[@liubang9375]

American should be more concerned on US issues at home rather than talking on China .. Don't blame China for your on own incompetency.

[@mike13y]

I am as a US voter, I will vote for the one that will decoupling with china

[@jamesruscheinski8602]

decentralize political government for democracy with divine free will unity

[@MBarberfan4life]

Nope, not equally. That's fallacious

[@rudyr4163]

90+ years old Charlie is very naive to see a predicator as a kitty cat..

[@hocheesiong6636]

diplomacy is more important than ever. it takes leadership from both sides. lets hope that will happen failing which it is mutual assured destruction

[@billyjohnson9166]

Yea as Chinese spies on our technology and copies all our technology

[@happyuk06]

Notwithstanding the west's dysfunctions and problems, I always ask myself would I be comfortable investing a large amount of money in said country. I have always found Munger's constant shilling and fawning over China puzzling. His argument is that the best companies in China are cheaper than the best companies in America. I tend to think along the lines of it's better to buy the worst house in the best neighbourhood than the best house in the worst neighbourhood. Many ex-pat Chinese on forums say the same - that China is not investable, while the non-existence of rule of law and respect for private property rights is overlooked by Westerners. Most of have no first hand experience on what life is like in the 'alternative' world. We will never know whether the Chinese leadership will drop the hammer in some awful and unpredictable way - eg nationalise their companies.

[@ahgu88]

What is China?

[@david50665]

china is a land of thiefs?

[@tc1391]

The world would be a better place only if the US Government and politicians are not that shortsighted…

[@kshienator]

well, for what I see it's a fair statement.

[@kshienator]

and both are quite evil in many ways.

[@Martinzz932]

These two old men stand for investors and money, not for American or Chinese.

[@tildarusso]

My advice for audiences of this video: statistics are far better than wise men.

[@r.hollanda1723]

Wise men, are these the two prophets?

[@moses5623]

The world is a far better place when all countries work together to improve the livelihood of mankind. Instead, we are getting radical and ruthless politicians who kept creating conflicts around the world

[@yaoypl]

Newton's 3rd law: For every action, there is an equal and opposite reaction. The US starts this trade war with China first, and China merely reacts to protect its own interests. The US sees China's development as an existential threat to US global hegemony and must stop China from rising. China feels this hysterical anger toward China from the US isn't simply about business disputes. But it is about the US wanting a new Cold War to destroy China as what happened to the collapse of the Soviet Union. New cold war or not, this time around, things are very different. China is more powerful than the Soviet Union, and the US is in decline. The US-China tension is running high...this is not good for the world. Hope cooler heads will prevail and trying to get along is the better way.

[@JakeSquirrels]

Can people just stop asking questions without promoting themselves or providing a backstory of their lives and tooting their own horns? These two great minds have limited time on Earth so please stop wasting their precious time with stupid tangents and questions. JFC!

[@skywalker5936]

Business people are way more sensible, others are just enormously ego sensitive and stupid.

[@mmrgratitudes]

Tell that to China!

[@sportsonwheelss]

Are you blind? Wakeup and see who has been firing the first shot.

[@jarrodyuki7081]

live in china enjoy all the pelasures.

[@narlycat]

Well then respect Taiwan.😠

[@npc2480]

Learn Taiwan’s history and then you’ll understand.

[@bbyl1485]

Respect Taiwan is part of China.

[@populusgenus1926]

Well at first, Taiwan should respect itself. But unfortunately, Taiwan don’t.

[@david50665]

how is china not respecting taiwan...if hawaii which was forceably invaded by the USA and now was somehow in a similar state as taiwan,,,,i dont think usa will give this much respect

[@joejoe809]

Free Taiwan ))

[@thamaraiselvan8940]

2 old men trying to save their money in china

[@Andromeda365]

What aggressive rhetoric has china done to the US? I'm not talking about US propaganda talking points? Is the US aggressive? Ever since contact been made between china and the west, which country has suffered the most at the hands of the orher? Everything china does is a problem for America. In every forum all America does is talk about china. The world is changing and America's foreign policy needs to adjust to the changing times. No country can stay on top forever, it's impossible.

[@CapAnson12345]

Yeah.. sometimes I forget Munger and Buffett are on the left.

[@LesserMoffHootkins]

🤔

[@LetsLearnEconomic]

Doesn't matter if you're left or right and they are hardly human at all or someone I would deem left at all. Far right as it gets

[@ASSASIN7-sd5sr]

stupid, wtf have left or right to do with national security issue. or you conservative can never stop politicizing an issue

[@jarrodyuki7081]

live in hogn gon enjoy all the pelasures.

[@KraussHelmut]

Absolute boomer energy.

[@anwiycti1585]

So rare to see the czar of prosperity feeling low, time calls for out-of-box thinking! Paradigm is shifting : D

[@gxhjxrgggitdrhk]

Perfectly vague and pointless 👌

[@blacky4947]

The USA should invest the Billions they are spending on every 4 years of election campaigns and their guns and military instead on their education system

[@bobsmith3983]

Look at the size of those guys ears!

[@jimmyng2203]

Trouble with US is that the country is run by lunatic politicians, whereas China is run by engineers , C. MUNGER is so successful because he is not a politician😅

[@alanchiu8442]

Xi is not an engineer. He has never worked in an engineering position or a position that required engineering knowledge. His degree during Cultural Revolution is just for resume padding.

[@mukey]

He is wrong on this one. We can't keep giving away our national power so a few billionaires can keep getting richer and richer.

[@TheTruthSeeker756]

It helps Apple and it helps China. What about the American people Charlie??

[@tedaspane1493]

It will help you if you had bought Berkshire Hathaway shares.

[@david50665]

is that the fault of charlie, china or usa gov when wealth distributions is a f word in the usa

[@romanoppp]

You’re being helped too. Apple’s market cap accounts for ~10% of the US annual GDP, so part of your paycheck comes from the wealth created by Apple and contributed back to society. America is also still America today because of innovative companies like Apple, Google and Tesla who are out there competing to make sure America continues to lead.

[@david50665]

@@romanoppp part of your paycheck comes from the wealth created by Apple ??? NO apple keeps all the wealth to itself with the help of USA gov...this is the same for all the big techs since the 80's ....that's why middle class is shrinking and there will be no middle class in USA soon

[@geechan4744]

They

[@paultan5065]

We all know USA WAS number 1 in most fields and have been seriously challenged many times and their reaponse was not to innovate to improve but to destroy the other to stay ahead. China instead of just laying down and die they make their own of whatever was denied of them like the space station and chips. And any reactions on the part of China to American aggression ahould not be aeen as a stupid move but rather on national interest, we ahould remember nobody likes a bully and we always tell people to stand up against them or else they will be bullied forever. Ao no China did not make any stupid move against USA, in fact when the speaker mentioned American companies like Apple used to do business in China everyone benefited mutually and who broke those mutual benefits?

[@qake2021]

✌️

[@darshuetube]

It is about fair competition. No IP theft, no forced tech transfer, equal market access, no unfair subsidies, free non manipulated currency.....

[@xdgao3015]

you mean the US?

[@directxxxx71]

Lol fair competition

[@thiagohuang]

Yeah... I agree. The US has to stop doing this

[@WWLooi-js8rl]

Let's start with the U.S. The U.S. knew how to use fragrant words for its mischievous behaviors. It accused China of economic coercion, but it's doing the same to South Korea, Japan, Taiwan and Netherlands by threatening them not to supply materials/equipment to China. It accused China of subsidizing its industries, but the U.S. is doing the same by pouring money into chips and ev industries. There are many more. The U.S. is simply selfish and outright hypocritical to say the least!

[@david50665]

how about fair sabotage of the USA subjecting anything from china as a security threat

[@hekeng]

I suggest everyone read ray dalio principle: changing the world order😊

[@reptilexcq2]

I don't see this as a China problem. This rivalry, enemy thing is invented by US since Donald Trump took office due to the fear of China's rise and then it kicks to a higher gear w/ the HK protests and Covid-19 blame game. So, I don't see this as a 2-way street....if Westerners want to resolve this issue...it's not in China's court, it's on their own turf. They need to look themselves in the mirror and accept that it is okay to have another power rise and be equal. China does not have a history of conquer and destroy nations like US have for decades, so what is the fear even if they rise? Nothing really. China's rise is a benefit to mankind. US's staying in power can be detrimental to mankind due to abuse of power and destroy as being exposed these days.

[@KraussHelmut]

Charlie officially declared himself a stupid person before all the world.

[@fannyalbi9040]

more of a coward businessman. oh well, it is historical facts, businessman classic response, the audience asked stupid question from a filthy rich man