Charlie Munger: What Tesla has done in the car industry is a minor miracle

Berkshire Hathaway Vice Chairman Charlie Munger joins CNBC's Becky Quick to give his view on the Federal Reserve, Elon Musk, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@book--worm]

this guy is 98 years old .... damn still looks pretty much healthy

[@illegalsmirf]

lol he looks and sounds like a corpse

[@matthewnorton5870]

His secret: coke zero

[@markplott4820]

looks like an old Codger LUDDITE.

[@USGrant21st]

@@matthewnorton5870 pepsi is better 😅

[@BP-vr3rt]

He clearly wears diapers. Also, he lost millions on BABA stock.

[@davidnewbury1721]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 5X gains in this present market cos I read of someone that pulled a profit of $330k within 6months, and it would really help if you could make a video covering these strategies.

[@sheliaswelttk2535]

The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@williamskohler8337]

@@sheliaswelttk2535 Having an investment adviser is the best way to go about the market right now, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this year's massive fluctuations, that made it clear there's more to the market that we avg joes don't know

[@gabriellewilson5625]

@@williamskohler8337 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?

[@williamskohler8337]

@@gabriellewilson5625 The adviser I employ is "Tracy Helene Aalvik," who is really fairly well-known; you may have stumbled across her before, while landing across one of her numerous featured articles; simply search for her by fullname.

[@gabriellewilson5625]

@@williamskohler8337 Thanks I googled searched her and came across her Webpage, I must say her credential are very satisfying. I will email her shortly.

[@Icewave1000]

Charlie Munger and Buffet are like the money Godfathers lol

[@skeptick6513]

On another note Becky still hot after all these years

[@hnc098]

Yes, but horrible style. Green leather top? Hideous.

[@markplott4820]

Becky is a man. look at her 5 0'clock shadow.

[@johnnelson6491]

You need to get out more.

[@BP-vr3rt]

Simp

[@skeptick6513]

@@johnnelson6491 probably so yeah

[@vira8880]

He is correct and I don't think a lot of people understand what makes Tesla a industry leader, from single injection molding to the software and more. They are light years ahead of other car companies.

[@limitlesssky3050]

BYD's battery tech is superior to Tesla, and probably a better AI technology. But everything else, probably not as good as Tesla.

[@johnlaudenslager706]

Bright host. Bright guest. Good short questions. Good short answers. Way to go, CNBC.

[@rohankurian5641]

Agreed 👊❤✌

[@barnibizer]

they are clips!!

[@markhirstwood4190]

It's a bit more 'we're older, tired, low energy' minimalism.

[@GreenStarTech]

Bright host?🤣🤣🤣

[@robertl3592]

At least he is finally starting to acknowledge Elon

[@Dfm_Sushil]

Please upload full video.

[@mingliu4175]

Charlie, you are a genius in my eyes!!!

[@akshaybharadwaj2383]

Where is the whole interview

[@MayanksVlogs]

This is gold!

[@chinmayau]

This clip will be there in smr show tomorrow for sure!

[@russbus3930]

lmao you’re right.

[@lwazimpofana9722]

Lmao I hope it is

[@chinmayau]

Right I am!

[@610Alpha]

Major miracle imo in light of all the headwinds

[@andypicken7848]

Charlie is a super heavy weight in the thinking world. I hang on his every word

[@montymonto6430]

Thinking?! Other than money does he have any other thoughts? Or perhaps you think money is the same as thinking?

[@eajinabi]

How? He is great for himself. He is stuck in the old ways. Life, society, economy evolves. He has not. He has made a great success for himself and that's fantastic but he is very much a closed minded individual

[@eduardomaciel9855]

Charlie Munger has contributed to the studies of the human misjudgment, you can find his teachings at Harvard in KZbin videos

[@eduardomaciel9855]

Munger can be close minded to some subjects, of course (who don't? The average of us humans are carrying the same beliefs for decades). Although, It is part of the Very basis of the Munger thinking to be open to new ideas and models, that's why he bet heavily in China, that's why Berk has so much Apple in the portfolio

[@Kennan_Davis]

@@montymonto6430 you’re a loser bitter in the KZbin comment section talking down on a legit billionaire. Calm down

[@xyz-uw3ps]

Yeah, I'd much rather have this guy manage my money than a bunch of crypto bros.

[@bernios3446]

I do not consider Tesla's success to be a "miracle" like a flash from heaven. It is a result of engineering, management decisions and Elon Musk's method of "first principles". It happened for a reason.

[@landdealsCA]

People thought there was no way elon could do it.

[@daversj]

@@pirate9154 probably the best time to buy. Its half price.

[@eduardomaciel9855]

First principles is a method from Elon Musk?

[@bernios3446]

@@eduardomaciel9855 It's an approach he is using and looking at Tesla and SpaceX, he has been much more successful than virtually 100% of all other CEOs.

[@limitlesssky3050]

@@daversj the stock has fallen by more than 80% since 2021, but the company has become profitable. So you lose some you win some I guess

[@sillystuff6247]

glad charlie could dish out a few kind words to elon. elon earned some respect. it means so much coming from munger, one of the two most respected business men of the last 80 years. god bless america.

[@jonneye]

Yes Charlie

[@cobysmom9635]

Still shot / thumbnail has a misspelling ...Says Telsa should be Tesla

[@JohnPMiller]

Charlie Munger is the sharpest, funniest billionaire around. I hope he's at the BRK annual meeting next year. Becky's my favorite reporter at CNBC. If I ever become a multi-billionaire, I'll want her to interview me.

[@BP-vr3rt]

Hey simp, Munger wears diapers and lost millions in BABA

[@Mustang46liters]

I’m dying to hear from Buffet right now

[@bps7209]

Not many have seen what Charlie has seen and has most certainly been through. I love listening to these older gents who are still really sharp. Sorry Joe B you're not in this class of extraordinary people.

[@nattaphonj956]

CNBC should ask advice about how to live longer life :)

[@cosmicpsyops4529]

Okay, but no one thought to proofread your thumbnail and correct "Telsa"?

[@rafaeitahir8821]

The thumbnail for this video says 'TELSA'. Please change.

[@bla-ig4bd]

I wish I will be half as sharp as munger at 98 years old

[@juanmontoya6622]

Twitter employees: "Munger is feeding the hunger."

[@b1d268]

Great interview. You should've asked questions about Ali Baba as well.

[@empire7514]

Love these interview wish cnbc would do more on them

[@loafandjug321]

This is the same muppet who wouldn't invest in Apple because he didn't understand the business model.

[@jimbojimbo6873]

😂😂😂 why he slumped like that

[@ricksyap]

She should have asked him to explain what a major miracle is, if tesla is a minor miracle only.

[@taylorhray]

Ha, like this guy.

[@davidngan3391]

didn't he said we're going into a recession few months ago?

[@eduardomaciel9855]

Recessions are always happening, If he said that is not to panic, but to be aware of

[@nr9926]

My Guru charlie munger

[@yashagar4443]

RIP SIR

[@hmongmasterpiece1148]

He's moving markets to buy the low. They did that to Apple back in the day too

[@Someone-lc6dc]

Becky looks stunning in black…

[@yashagar4443]

RIP sir

[@samonaro65]

The minor miracle

[@MK4lyfe]

Becky 😍

[@dollarinhand3443]

It is not what Tesla did it is about what they are about to do in the next year in the Car industry, already highest profits and soon to be even more with the new innovations that China factory is bringing to America. Then the development of his own battery processing factory in USA this is huge.

[@solariotech.wallet5592]

Like Tesla, the longevity of Charlie & his buddy, Warren, in top class investment game is also quite a fantastic miracle. 😂

[@cmwmusic8130]

Ya you might want to Google Berkshire vs S&P where you will find the following fact "Investors need to look back 20 years to see Berkshire Hathaway clearly outperforming the S&P 500" My opinion on that is 20 years is a large amount of your life to be spinning your wheels - this old fool should have retired 20 years ago and spent more time with his grandkids. Lol. He's right about "crypto" wrong about Bitcoin.

[@USGrant21st]

Munger and Buffet went through everything, market bubbles and busts, and they survived and did very well. Tesla on the other hand only seen the "stupid" market, propped by zero interest rates and government handouts. As they say on the Wall Street, don't confuse brains with bull market. When the dust settles, meme buyers, Tesla cult members, risky speculators will lose everything and Tesla stock will go to single digits where it belongs.

[@brandonnormandin3793]

Stirring up the old boys… It’s soup time.

[@JK-br1mu]

Creating a new car company is a herculean task. You need massive amounts of investment, and have to convince tons of wealthy people/investors to fork over large sums of money...............that is one of those High Barrier to Entry industries.

[@switchlanez]

Thumbnail says TELSA lol

[@gerrynightingale9045]

*The 'Crypt-Keeper' speaks!* ( *Ethereal Currency' is nothing more than 'The Emperor's New Clothes'* )

[@franciscoosuna259]

One thing Tesla did right is get rid of the dealerships. My next car will definitely be a Tesla.

[@SignatureEdits]

Greatest clickbait ever.

[@chinmayau]

😂

[@alohatime2171]

Says the man who invested in BYD

[@gavinlee0704]

old but gold!

[@akashvakil6696]

I’d prefer a telsa over a Tesla

[@sillymadeupusername]

Sorry but the expression "minor miracle" seems like a backhanded compliment to me

[@willemvandoesselare7959]

I think Charlie is more in to Lucid !

[@abhijitharakali]

In the end, Charlie says -- What Tesla has done is a "MINOR" miracle.

[@harry3balls]

Because Munger still appreciates the true meaning of words I think. A miracle is a thing out of this world, heal the sick, walk on water, that kind of stuff. Calling it a minor miracle is still a big compliment... He is very sharp minded and has a big and old vocabulary, so I don't think he uses words like the average person calling every little thing amazing and a miracle

[@abhijitharakali]

@@harry3balls Perhaps ... and maybe I am an average person according to your thought process. But most of us are average just going by the definition of average. Average person doesn't like to hear "minor" associated with anything that they (perhaps) worship ... like Elon Musk's Tesla. Does effective communication encompass the extent of reach their choice of words have, or is it quantified by the accuracy of the choice of their words even if most of the "average" folks fail to get it? BTW Charlie M. and his pals are always late in the game. Where were his "compliments" a decade ago? They are buying TSMC stocks NOW ... I mean what have they been smoking I say? So now they will by Google stock a decade later if they manage to live that long? To his credit, Warren B. did acknowledge that it is better to own S&P than his ETF. It is obvious but most folks of his stature have such huge egos that they'd never admit to anything like that about their babies.

[@610Alpha]

Central banks really!!!!! You are out of touch

[@Anonymous-qu5jj]

tell me your short tesla without telling me ... im regarded btw

[@gordonmichaels600]

Lol. Tesla has insured the bankruptcy of dinosaurs like gm and ford.

[@JohnPMiller]

Your tax money will probably bail them out one last time, but, yes, it's inevitable. I'm still wishing good things for Ford, but that doesn't include my money.

[@hyphydan]

Not likely, Dems will do anything for UAW

[@markarmage3776]

Tesla is one of the best company in the world. Still overvalued though. A great company can be overvalued. If you think a great company can be valued at whatever value then it's insane, because it's valuation can easily be rising to infinite and that makes no sense.

[@anonymousr1177]

What's the minor miracle by the way?

[@jdranetz]

The robustness of the US backs the dollar.

[@bojiam4818]

Charlie! Position or ban

[@atmavictu2995]

A miracle that worked for the simple thing he was able to do a zillion offerings and always found fresh capital, any other company would have gone out of business after 3 offerings...

[@victorblock3421]

He raised capital because enough people saw it's a good investment, for a reason.

[@mellowphantpi9168]

Get over it. You have the internet, do some research. You guys are just making yourselves look stupid.

[@limitlesssky3050]

@@victorblock3421 no, Elon was able to raise capital because investors were getting easy money from all the 0% interest rates. They were borrowing money from banks to invest on unprofitable startups left and right.

[@victorblock3421]

@@limitlesssky3050 Elon was raising capital when interest rates were higher over a decade ago. I was one investing.

[@tomcat8662]

I see a future where Munger’s heirs will convert half of their inheritance into Bitcoin.

[@JasonRamosNJ]

Hopefully he will invest in Tesla too!

[@R4dr1ar]

PE is much too high!

[@anthonyreuterink8316]

What a disaster. Spelling Tesla incorrectly in heading.

[@Dark_Knight950]

minor miracle?!?!? Elon is the richest man in the world because of Tesla.... Mr. Munger... ...

[@misterfunnybones]

This guy was old when computers were invented.

[@KStutsman]

Of course a guy that dominated the game under the Fed Reserve standard likes those rules and despises the idea of the rules of the game changing to a Bitcoin Standard. Doesn't address the fact that central bank monetary inflation is theft from the savings of those that need it most (i.e., not him.) Should have had Captain Obvious interview him.

[@jimmysass]

And FTX/Luna etc is not theft? Cryptobros 4 lyf!!!

[@KStutsman]

@@jimmysass FTX's FTT and LUNA were centralized projects printing money out of thin air (a la Fed Reserve/Central Bank.) Bitcoin is the invention of digital scarcity buttressed by economic game theory. If you can't see the difference between Bitcoin and every other coin then you just haven't done enough research on the topic. Don't worry, you're not alone, most people still couple BTC with all the other "crypto" securities/scams. BTC is a commodity (like gold) undergoing the monetization process in real time.

[@jesseholliday3480]

@@jimmysass that's called a straw man, look it up

[@jimmysass]

@@jesseholliday3480 cooool!

[@limitlesssky3050]

The problem with Bitcoin is the easy of entry for copycats to flood the market, and greedy investors buying into these meme coins thinking it will only going to go up.

[@inertiazero]

They hesitated on Apple too then bought it.

[@markplott4820]

Apple, is Irelevant now. they are no longer Innovating.

[@michaelcasino8517]

Tesla is the new Apple. Next Era.

[@galkema]

Why can’t you leave him alone?

[@robertoc.j.5563]

👍

[@MVESecurity]

He gave a speech how Tesla wood fail Infront of Elon and then forgets about it yeah right be a man even when you are wrong not only when you are right weak as f.....k that's why I love Elon always fighting for the good when he said al that Elon replaid that doenst mean we don't try I freaking love you Elon hope of the future and the only billionaire that inspires me to be a better person

[@hyphydan]

Their TSMC investment will flop.

[@hyphydan]

@@frozesolid3773 Their biggest customer is China and now they can't sell them anything. China is Taiwan's largest trading partner.

[@frozesolid3773]

@@hyphydan Copy thanks.

[@loukramer152]

Old man yells at Bitcoin.

[@jackbrady9738]

Hahahahahahhahah Charlie is so harsh on Elon. Literally a father figure to him; nothing is ever good enough

[@landdealsCA]

Elon is American hero.

[@fixieroy]

why do I care on what this billionaire has to say?

[@samyguindy3457]

He's saying he likes communist

[@avalancheFPS]

ok boomer! imagine listening to charlie munger

[@chrisacevedo8456]

Buy Bitcoin & TSLA

[@Timnasbelandahindia]

🇷🇺 🇮🇩 🇨🇳 best of country

[@waynelutz4864]

Retire!

[@amyspotteryandmore]

Nothing about electric is cheap for the guy or gal making under 50k, Ill stick with gas, thanks people!

[@papa-dt1cv]

China car crash is worrying. Tesla shares likely to hv a rocky drive soon?

[@douglasx6915]

If you want to call a high speed golf cart a minor miracle, then so be it.

[@chinmayau]

You belong to 20th century

[@Jazket]

The fact that you guys keep begging for the opinion of a 90+ year old technology illiterate vegetable is amusing

[@jamesbingham1007]

Building a car company, in CA, with no combustion engines is a "minor" miracle? When the Cybertruck wins Truck of the Year, will that be a "minor" miracle?

[@dancovrboski9135]

Do nova godina sə. Rastaem I nəsə javyvam nide oti sym razoharan od. Sekogo

[@victorfontaine4943]

“Ya buy the crypto, with your checkbook”….

[@1Snouser]

He was 100% right on bitcoin. The bankers would not let it happen lol

[@nomeman5278]

There are banks and institutions that are Invested in Bitcoin

[@Random-yq1wu]

Fidelity is 100% committed to Bitcoin.

[@nomeman5278]

@@Random-yq1wu Warren Buffet is the same person that use to consistently bash tech stocks and now he is Invested in them

[@1Snouser]

@@Random-yq1wu yea committed to making as much off idiot retail btc holders lmao

[@HerbieMarais]

anybody that loves centralization will hate crypto promoters. Even though I don't think crypto is quite ready yet, but the centralization of banks does open itself to a lot too much corruption and abuse of power, the decentralization that cyrpto gives, at least in theory, removes the power from potentially corrupt corporations and governments and gives autonomy to the people.

[@USGrant21st]

Young people are being dumb ignoring this wise person advice.

[@kpchan7205]

Elon is just minor miracle?‘ sth wrong?

[@zenvagabond]

The central bank system is irrelevant when you're the biggest and best insider trader in the globe.

[@kat8838]

Says the guy whose for the poor having no right to travel.

[@frankf8623]

poor should not leave their neighborhood

[@tnelly6588]

Minor Miracle? Really don't like that somewhat dismissive phrase. It almost implies Elon got lucky that Tesla "miraculously" survived. Would rather him talk about Elon's unwavering work ethic and his ability to grind, innovate, problem solve and predict needs far in advance of almost anyone in history. The fact that Berkshire backed BYD over Tesla has always rubbed me the wrong way. Pair that with the fact that main stream media is completely focused on disseminating Tesla FUD and things get very frustrating as an investor in a stock who's fundamentals are completely detached from stock price due to dysfunctional market psychology.

[@Tendomcgoobin]

Triggered.

[@tnelly6588]

@@Tendomcgoobin Haha, thanks for your valuable contribution.

[@ketheric]

He works hard? He doesn't even spend 40 hours a week on Tesla, let alone in the office.

[@tnelly6588]

@@ketheric You better hurry, you just got another notification from CNN!! "Breaking News: Elon starves twitter workers"

[@halkon4412]

Usually, when it seems like the whole world is against something you like, it's because you're overly attached. Stop stanning for a billionaire, I promise you he doesn't need it.

[@andyjohnson3790]

Cryptocurrency = Pyramid Scheme

[@gk9670]

What a joke 😂!!! You mean ford and GM don’t have terrific engineering!!! Elon got lucky and he is a great seller

[@rafaela.5748]

You jealous 😏