Charles Munger Interview: The Power of Partnership with Warren Buffett

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Life Stories

Life Stories

Күн бұрын

Пікірлер: 429
@rogerver-nq7rx
@rogerver-nq7rx 6 күн бұрын
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
@FrankCollins-sf9rn
@FrankCollins-sf9rn 5 күн бұрын
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
@FrankCollins-sf9rn
@FrankCollins-sf9rn 5 күн бұрын
But It's a great idea to have a conversation with financial advisors like Joy Philips to reshape you portfolio.
@IvanBogdan-qw2yq
@IvanBogdan-qw2yq 5 күн бұрын
I agree with you, I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
@IvanBogdan-qw2yq
@IvanBogdan-qw2yq 5 күн бұрын
I think.Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on KZbin.
@WillieRoy-jj6zz
@WillieRoy-jj6zz 5 күн бұрын
She's really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment 👏
@erikharrysson4947
@erikharrysson4947 3 жыл бұрын
Fantastic interview, a bit of a shame that the interview is only focused on Mungers view of Buffet. I have become increasingly fascinated by Munger and it is more and more clear to me that he deserves as much credit for the terrific success of Berkshire as Buffet
@carlmannhard8051
@carlmannhard8051 3 жыл бұрын
I feel the same. Charlie is much more honest than Warren. Warren says what he thinks people want to hear sometimes and Charlie doesn't give a shit.
@TheFredismShow
@TheFredismShow 3 жыл бұрын
You should read, “Poor Charlie’s Almanac.”
@christopher399
@christopher399 3 жыл бұрын
I mean... the interview is for a documentary about Warren Buffett. What else is he supposed to talk about?
@LanternEnergy
@LanternEnergy 3 жыл бұрын
Well it’s a documentary called, “Becoming Warren Buffet.” This is a snippet here but it wouldn’t make sense for him to divulge of himself only when the documentary is designed to focus on Warren
@LanternEnergy
@LanternEnergy 3 жыл бұрын
@@carlmannhard8051 Well, it’s a documentary literally called, “Becoming Warren Buffet:” Image a Micheal Jordan being interviewed about Larry Bird and only speaking about his championship rings that he won
@georgesotiriou7051
@georgesotiriou7051 3 жыл бұрын
Many of us owe a lot to Munger. He and Warren will be remembered primarily as teachers. Two very fine minds.
@lifestoriesinterviews
@lifestoriesinterviews 5 ай бұрын
Absolutely! If you’re interested in hearing more from Warren Buffett's perspective, I recommend checking out this interview we conducted with him: kzbin.info/www/bejne/mZWQqGx-ZaxppLM
@matt8134
@matt8134 3 жыл бұрын
It amazes me how humble this man is. This is the type of friend that would make your life incredible, with or without the money.
@plasticitate6694
@plasticitate6694 3 жыл бұрын
also the fact that he likes to see students suffer how humble 😌
@freedomwatchdog2495
@freedomwatchdog2495 Жыл бұрын
with is better ...
@brettsinger9565
@brettsinger9565 Жыл бұрын
His accomplishments are many, but he is very much a product of privilege.
@freedomwatchdog2495
@freedomwatchdog2495 Жыл бұрын
@@brettsinger9565 Wow. Because he is white ..? Lol.
@brettsinger9565
@brettsinger9565 Жыл бұрын
@@freedomwatchdog2495 He was excused from fighting in WW2 and his application to Harvard Law School got a second review because the right person made a phone call. He got two huge breaks that most people of his generation did not. That's privilege.
@anon69669
@anon69669 3 жыл бұрын
“The dumbest thing you can do in life is to ever feel like a victim. And any politician that makes people feel like victims I automatically dislike”
@627horsepowers
@627horsepowers 3 жыл бұрын
29:21
@ryantrent2114
@ryantrent2114 Жыл бұрын
He's the product of privilege. Of course, he's never been a victim.
@yj9032
@yj9032 Жыл бұрын
Well said
@GnawNehc
@GnawNehc Жыл бұрын
​@Ryan Trent that's what a victim would say and focus on
@etchedinstone7562
@etchedinstone7562 Жыл бұрын
@GnawNehc If you've had a life sheltered from hardship then I would imagine that telling other people not to feel like victims can make you feel very powerful. But it's mostly a delusion of grandeur, much like what Charlie himself has.
@kevinsmith5893
@kevinsmith5893 3 жыл бұрын
[0:09] Meeting Warren Buffett [1:09] What makes Warren’s mind unique [1:39] Warren’s investing philosophy [2:53] Working in Omaha [3:20] Warren’s ability to take criticism [4:12] Buying Berkshire Hathaway [5:22] On teaching and paying it forward [6:32] Warren’s father’s death [7:36] Picking Berkshire Hathaway [8:34] The blueprint of Berkshire Hathaway [9:51] Getting along with Warren [10:45] Value investing [11:56] See’s Candy [13:33] What makes a great company [14:27] On Warren playing bridge [14:49] Salomon Brothers [16:58] On Berkshire Hathaway’s record [18:26] Berkshire Hathaway is a reflection of Warren [18:51] Berkshire Hathaway’s annual conference [19:43] Extended Confucianism [20:58] On growing Berkshire Hathaway [21:49] On getting ahead [22:36] The investment game [23:30] Warren’s competitive nature [24:12] On Warren and social injustice [25:43] Ethics [26:53] Investment in Burlington Northern [28:24] On his relationship with Warren [29:02] Warren’s character [30:18] Knowing the big ideas [32:14] The Lollapalooza effect [33:07] Berkshire Hathaway’s portfolio We love you Charlie.
@platoscavealum902
@platoscavealum902 3 жыл бұрын
👍 thank you for the time stamps
@platoscavealum902
@platoscavealum902 3 жыл бұрын
[13:33] What makes a great company: Durable Competitive Advantage: 📺 kzbin.info/www/bejne/pqWseK2enK54adE (5 minute video w/ Pat Dorsey) What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) The truth about data network effects 📺 kzbin.info/www/bejne/a2S0i2pujNmFmc0 (8 minute video w/ James Currier)
@nr9926
@nr9926 3 жыл бұрын
Thank you so much you saved my time
@anuradhapittie3408
@anuradhapittie3408 2 жыл бұрын
The time chart so useful. Thanks
@nitiniimcal
@nitiniimcal Жыл бұрын
Thank you❤
@Hannahbenowitz
@Hannahbenowitz 2 ай бұрын
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
@JosephineKenney
@JosephineKenney 2 ай бұрын
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
@FinnBraylon
@FinnBraylon 2 ай бұрын
I agree; I have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@HildaBennet
@HildaBennet 2 ай бұрын
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
@FinnBraylon
@FinnBraylon 2 ай бұрын
Her name is “Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@HildaBennet
@HildaBennet 2 ай бұрын
I have googled her and she has impressive credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@Raymondjohn2
@Raymondjohn2 Жыл бұрын
Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...
@martingiavarini
@martingiavarini Жыл бұрын
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
i've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free...
@bob.weaver72
@bob.weaver72 Жыл бұрын
@@lipglosskitten2610 Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
@@bob.weaver72 Have you heard of‘’Catherine Morrison Evans’’ ? She gets featured regularly on CNBC. I myself use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about....
@bob.weaver72
@bob.weaver72 Жыл бұрын
@@lipglosskitten2610 Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
@Freedomthirtyfiveblog
@Freedomthirtyfiveblog 3 жыл бұрын
Very inspirational. Charlie Munger is one of the brightest minds of our time. I recommend his book, Poor Charlie's Almanack, for anyone who wants to see more of his talks and speeches.
@Madnibbawilson
@Madnibbawilson 2 жыл бұрын
Thanku
@ideafood4U
@ideafood4U Жыл бұрын
Just re-read the book. Amazing human.
@DesireeJames-q1z
@DesireeJames-q1z Ай бұрын
Investing is all about knowing bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
@danieltaylor--65
@danieltaylor--65 Ай бұрын
You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner
@DavidLucas-so8rr
@DavidLucas-so8rr Ай бұрын
On the contrary, even if you’re not skilled, it is still possible to make great returns. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio during the red season. I’ve made over $150k since then
@RobertBrown..
@RobertBrown.. Ай бұрын
think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@DavidLucas-so8rr
@DavidLucas-so8rr Ай бұрын
Kenna Muriel Hesseling 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.
@trazzpalmer3199
@trazzpalmer3199 Ай бұрын
I'm pleased with the advisor's prompt and knowledgeable assistance. Her professionalism instills confidence. Looking forward to further discussions.
@HeshamMuffini
@HeshamMuffini 3 ай бұрын
The fact that nobody talks about the forbidden book 25 Money Secrets From Donald Trump speaks volumes about how people are stuck in a trance
@HildaBennet
@HildaBennet 2 ай бұрын
As with any big financial decision , it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a fiduciary can help keep you and your money safe.
@FinnBraylon
@FinnBraylon 2 ай бұрын
Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@JosephineKenney
@JosephineKenney 2 ай бұрын
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@FinnBraylon
@FinnBraylon 2 ай бұрын
I'm not so comfortable making recommendations on the internet, but since her webpage is public accessible, she's Sonya Lee Mitchell, a simple search with her name will suffice.
@ton9428
@ton9428 3 жыл бұрын
Charles Munger is an absolute beast of a man. His story and how he made an impact in the financial world is without a doubt something to remember for the ages. Truly one of the greatest and smartest human beings who ever lived.
@lifestoriesinterviews
@lifestoriesinterviews 5 ай бұрын
We were impressed as well!
@Andysfishing
@Andysfishing 2 жыл бұрын
What an honest interview. Great to watch.
@Journeyman-Fixit
@Journeyman-Fixit Жыл бұрын
What great truth, logic and humility comes from this man. Never disappoints.
@lailaalfaddil7389
@lailaalfaddil7389 Жыл бұрын
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
@susannnico
@susannnico Жыл бұрын
How can this person, ROCHELLE DUNGCA-SCHREIBER be reached please...
@susannnico
@susannnico Жыл бұрын
Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.
@grizz112
@grizz112 3 жыл бұрын
Unbe-freakin-lievable. What have we done to deserve this content for free? I'll come back and watch this over and over again.
@lifestoriesinterviews
@lifestoriesinterviews 5 ай бұрын
Thank you for watching! To stay updated with our latest releases, be sure to subscribe to our channel and turn on notifications. Enjoy!
@thewhiskybothy
@thewhiskybothy 3 жыл бұрын
. . . this is a brilliant interview, with a very interesting man, who is having a most interesting life, and the content is pure gold !
@kingkang6877
@kingkang6877 2 жыл бұрын
This is what I had always expected of Warren but could never find evidence of it: He's ruthlessly competitive without jeopardizing his own morals/principles. I always knew of WB as a passionate lover of stocks and reading and being this folksy grandfatherly figure but at the same time, he will never go into a deal knowing he will lose. Love it.
@Abbysteel3456
@Abbysteel3456 5 ай бұрын
Mr Munger, rest in peace 🙏 you are so missed. 🙏 I dont know you personally. When i heard of your passing, i cried. I STILL CRY 😢😢
@BradKaellner
@BradKaellner 3 жыл бұрын
This is incredible footage!
@Buddwh1001
@Buddwh1001 3 жыл бұрын
Non interrupted Charlie 👏
@MiguelLara-gj4hi
@MiguelLara-gj4hi 3 жыл бұрын
Bill Gates says that Munger is the smartest person he knows. He has surely been as responsible for the success of Berkshire Hathaway as Buffett. GOAT 🐐
@mikehome9548
@mikehome9548 3 жыл бұрын
Do you please have the source for that claim? I've read Bill Gates say "He is truly the broadest thinker I have ever encountered" but never read or heard him say the "smartest".
@Mister.Unknown
@Mister.Unknown 11 ай бұрын
Great interview. Straight to the point, no embellishments, you come for the interviewee and you get him. Thank you very much, and may Charlie Rest in Peace.
@Meditationmiamibeach
@Meditationmiamibeach 3 жыл бұрын
Thank you Mr. Munger. Very grateful for the learnings through the years.
@tzartzisipus6024
@tzartzisipus6024 3 жыл бұрын
Charles Munger is my #1 example for how to live a more successful life and hell does it work!!
@krishnateja7728
@krishnateja7728 3 жыл бұрын
Wisdom packed in this 35min is simply invaluable. Thanks a lot for this upload!
@stevenharris6626
@stevenharris6626 3 жыл бұрын
Outstanding interview with Charlie Munger!! I have been ill most of my life, but I never felt like a victim, and if you do, your life will be miserable. Warren and Charlie are GENIUSES!!!
@andypicken7848
@andypicken7848 3 жыл бұрын
Goodness me. What a straight shooter. Charlie appear to be able to see right through all the BS and focus on the important facts. Its a social skill more than an academic one.He is a very impressive indivdual. Thanks for posting
@akashsolucky
@akashsolucky Жыл бұрын
Munger is a philosopher of modern times! Glad we got to witness these personalities.
@surudog4929
@surudog4929 Жыл бұрын
Charlie is something. His choice of words and what he said were things that came out of experience and are practical and something people should internalize and see how those words plays out over decades of one’s life. Older folks can understand some of what he says better than younger because you have to have some level of experiences to understand the nuances of what he was telling. Great stuff.
@wizastravels9235
@wizastravels9235 3 жыл бұрын
An absolute legend, thank you for sharing.
@kenkannon5630
@kenkannon5630 2 жыл бұрын
Great presentation! No ego trip with over-talking by the interviewer. A question is presented, then Munger does the talking.
@investingplays
@investingplays 2 жыл бұрын
What an interview . So much game from Munger
@alexanderkraft3823
@alexanderkraft3823 3 жыл бұрын
A stock call option gives the holder the right (but not the obligation) to buy a stock from the seller by a certain date (the expiry), for a certain price (the strike price).
@ericlukaberube2141
@ericlukaberube2141 3 жыл бұрын
The value of a call option goes up when the price of the underlying stock price increases.
@jamesstevenaustin2981
@jamesstevenaustin2981 3 жыл бұрын
Trading options offers you an opportunity to work both sides of the market since you can buy and sell both call and put options. Therefore, you can shield much of your capital in the event that something goes wrong on the short or long side. If you don't understand the market too well, work with an advisor.
@cannonraymond8712
@cannonraymond8712 3 жыл бұрын
Your analysis are good. who do you work with ?
@karenben1502
@karenben1502 3 жыл бұрын
I am glad you know Tamara. shes the best.
@leggettrobert265
@leggettrobert265 3 жыл бұрын
Thanks. just found her name on the web and i sent a message to her website.
@paulwilfridhunt
@paulwilfridhunt 2 жыл бұрын
Mr Munger is a most admirable man worthy of much praise for his good business skills, his thinking, and his excellent character. And as the oldest person in America is 115 years of age, living in Omaha, then perhaps dearest Charlie can also live well past 100 too. We hope so. We need him, and his friend Warren, to keep us going with their inspiring enterprise.
@williamfraser6877
@williamfraser6877 2 жыл бұрын
I'm 68. I love these guys. Legends is an understatement
@irockluculent961
@irockluculent961 3 жыл бұрын
This is one hell of a good interview, both the substance and the way it is presented.
@BilalAhmed-ts5xj
@BilalAhmed-ts5xj 2 жыл бұрын
So much wisdom in this man's words...great interview 👍
@samsonyin7782
@samsonyin7782 2 жыл бұрын
Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this
@samsonyin7782
@samsonyin7782 2 жыл бұрын
@Janet Soy I invest across the top markets but not by myself though. i follow the guidelines of MELISA PAMELA PEREZ . you might have heard of her.. I can correctly say she's worth her salt as a investment advisor as her diversification skills are top notch, I say this because i see that in her results as my portfolio grows by averages of 20 to 3O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what she place and not just on some particular industries of my choosing.she gave me that financiaI freedom I needed
@samsonyin7782
@samsonyin7782 2 жыл бұрын
@Janet Soy look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnbc. She can work with anyone irrespective of where your located
@mathiasray3104
@mathiasray3104 2 жыл бұрын
@@samsonyin7782 This is a shocker seeing melisa pamela perez is being mentioned here. I always had mixed feelings about hiring a lnvestment advisor. For the record, I started working with melisa in 2019, and she manages about 70% of my lnvestments, while I manage the other 30%. My philosophy is that I care more about my own money than anyone else, but she made me accept that they have wealth of information on current conditions and future trends
@wondon2992
@wondon2992 Жыл бұрын
It’s always fascinated me how their voices are almost identical!
@BillionairePhilosophy
@BillionairePhilosophy 3 жыл бұрын
This is such an excellent video. Great job!
@ionut7021
@ionut7021 3 жыл бұрын
Can you believe that he’s 97!bless him
@mike_valueinv
@mike_valueinv Ай бұрын
Charles Munger's reflections on his long-standing friendship and partnership with Warren Buffett are pure gold. Their bond, which started in 1959, is a perfect example of how shared values and complementary thinking can lead to incredible success. Munger’s take on what makes a great company-long-term durability, strong management, and competitive advantage-along with his 'big ideas' approach to investing, offers timeless wisdom. His focus on mastering fundamental principles rather than chasing trends is a major reason why Berkshire Hathaway has been so successful for decades. Their partnership is truly one of the greatest in business history.
@InvestingwithTom
@InvestingwithTom 3 жыл бұрын
Charlie is the GOAT
@siggiAg86
@siggiAg86 3 жыл бұрын
He is!
@amdistant5547
@amdistant5547 3 жыл бұрын
No I'm afraid Warren Buffett is. The greatest investor of all time.
@lulekilematole6711
@lulekilematole6711 2 жыл бұрын
Great interview I would like to see one with Buffets view on Charlie Munger. They achieved a lot together through decades
@jsong1722
@jsong1722 Жыл бұрын
One of the greatest interview I have ever watched for wisdom and motiviation in life.
@inquistive
@inquistive Жыл бұрын
I wish I had a friend like Charles Munger
@glge2230
@glge2230 3 жыл бұрын
A true man who listens and follows his call
@2012photograph
@2012photograph 3 жыл бұрын
You know when I started learning about Wall Street at ages from 11-13 was only domestic. In 1995 Australia taught open to international market.
@AnnaOllsson
@AnnaOllsson 2 ай бұрын
I believe JEPI and JEPQ could fit well into my portfolio as I approach retirement. How can I maintain a high-risk investment strategy to pursue higher yields until I reach at least 55?
@HildaBennet
@HildaBennet 2 ай бұрын
Adding JEPI and JEPQ is smart for nearing retirement. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals. Maybe consider diversifying your portfolio to spread out the risk.
@FinnBraylon
@FinnBraylon 2 ай бұрын
Working with an asset manager has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
@JosephineKenney
@JosephineKenney 2 ай бұрын
Your manager seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance. Thanks
@FinnBraylon
@FinnBraylon 2 ай бұрын
Sonya Lee Mitchell is the manager I speak with. Just search the name. You’d find necessary details to work with to set up an appointment.
@JosephineKenney
@JosephineKenney 2 ай бұрын
I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.
@Abbysteel3456
@Abbysteel3456 5 ай бұрын
A book just came out today that I almost cried and screamed for joy when I held it.. 😢😢😢 I can now stop worrying about our pets. A little less anyway.. 🎉 Thank you, Charlie, for talking so highly about someone we love. When I heard about your passing, I cried. I have only started to learn about you and Mr Buffett for a short time. There are so many amazing celebrities and people who use their lives for good. Rest in peace 😢 how lucky to have a friend who respects you. I have a few people I hope that think about me and my car. ❤
@antrikshshiva1001
@antrikshshiva1001 3 жыл бұрын
Truly insightful
@samholder196
@samholder196 3 жыл бұрын
he's got such a clear, powerful command of language
@tiffaniewilcox2219
@tiffaniewilcox2219 2 жыл бұрын
Buy a good cross section of an economy and you should do well over the long term. The market wil be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. the U.S. is about 50% of the global market place, Pay yourself first. It's time in the market, not timing the market. last year I invested 100 grand in the S&P 500/ an allocation fund (with the help of my Financial Advisor Rita Lynn Evans of course) and made 370k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million.
@shankarbalakrishnan2360
@shankarbalakrishnan2360 10 ай бұрын
Will wait sincerely to see u back
@wesleyn4545
@wesleyn4545 2 жыл бұрын
I would say we need a Hollywood movie about the two guys but let's be honest, it would just be Warren Buffett and Charlie sitting at a desk reading most of the movie.
@panchasanguparakalarajan8948
@panchasanguparakalarajan8948 2 жыл бұрын
Awesome content. Thank you for sharing this 👍
@Abbysteel3456
@Abbysteel3456 5 ай бұрын
People hate to hear the word tax, but they realize this payment gives them running water. One flick of a switch, you get lighting hospitals fire, police it just works you belong to a community when you do this.. so simple.. Thank you Charlie the explanation is very trustworthy.
@paullangton-rogers2390
@paullangton-rogers2390 Жыл бұрын
Fascinating interview. I love Charlie Munger and don't think he gets as much credit as he deserves, he's clearly a very modest man but he was definitely instrumental in taking Buffet and Berskhire into a better area of investing..it's probably the most successful partnership of all time, certainly in the investing world. Newcomers to the world of investing like myself can learn a lot from these two wise owls. A lot of their philosophy and wisdom holds true still today in an increasingly complex financial market environment with enormous opportunities and a much wider range of opportunities and technologies than ever before.
@skipsassy1
@skipsassy1 3 жыл бұрын
It's good timing that this was posted now with a 2016 interview date. But only those watching this are going to understand.
@captainfuture2882
@captainfuture2882 2 жыл бұрын
I like the humility. I wish I had know more than their names a long time ago.
@elba_magellan
@elba_magellan 3 жыл бұрын
Need more Munger!
@RADIUMGLASS
@RADIUMGLASS 3 жыл бұрын
Their generation is the last to experience this wisdom from.
@bollmann4580
@bollmann4580 3 жыл бұрын
Great interview. Thank you C Munger
@Shimizu999
@Shimizu999 Жыл бұрын
I never met anyone besides WB and CM that still very sharp in their age
@jlg3315
@jlg3315 Жыл бұрын
love seeing charlie munger on his own.
@Ralehlatsa
@Ralehlatsa 3 жыл бұрын
Thank you for sharing.
@johnwilsdon5456
@johnwilsdon5456 2 жыл бұрын
Charley enjoys the game. Nothing wrong with that. He also understands ethics.
@SusieAspen
@SusieAspen Жыл бұрын
Warm regards to Charlie and Warren. They have been an incredible team.
@kendrickmason2577
@kendrickmason2577 2 жыл бұрын
These are the conditions where life changing money is made to those that stay calm, are patient, and take controlled risk. Volatility goes both ways. Larger the red candles the larger the green ones.
@jameswood2615
@jameswood2615 2 жыл бұрын
I couldn't agree with you more, I had my share of ups and downs when I first started looking for a consistent passive income, ultimately called out to an adviser for aid, and following her advice, I poured $30k in value stocks and call options, up $200k so far!!! retiring with no worries next year
@Elbrus_a
@Elbrus_a Жыл бұрын
This is great interview
@leechoonyau
@leechoonyau 3 жыл бұрын
anyone know what was the letter of objection by Warren with regards to the options mentioned by Charlie in this video?
@rahuldaswani7944
@rahuldaswani7944 3 жыл бұрын
Looking for that too
@warrenbuffettsuccess3355
@warrenbuffettsuccess3355 3 жыл бұрын
Buffett reflects on his first meeting with Munger: ‘I’m not going to find another guy like this’
@candyfloss184
@candyfloss184 2 жыл бұрын
29:04 never feel like a victim. It’s a soldier’s life. 30:20 Charlie’s wisdom
@hamidja1537
@hamidja1537 2 жыл бұрын
Thanks for sharing
@djangogeek
@djangogeek Жыл бұрын
They should have posted that letter at the end that he was talking about.
@k31rifleman
@k31rifleman Жыл бұрын
I love the Ben Franklin statue
@linleo
@linleo 3 жыл бұрын
"The dumbest thing in life is ever feel a victim"
@recklezzone7926
@recklezzone7926 3 жыл бұрын
?
@juan-3350
@juan-3350 3 жыл бұрын
I’ll add another one of those question marks “??”
@thalessilva1
@thalessilva1 3 жыл бұрын
@@juan-3350 ???
@Naz-yi9bs
@Naz-yi9bs 3 жыл бұрын
??
@juan-3350
@juan-3350 3 жыл бұрын
It’s a been a week and no one can decipher this mans comment 🤔😔lol
@nikhan14
@nikhan14 3 жыл бұрын
where can i get whole video?thanks for sharing.
@shashwattiwari3129
@shashwattiwari3129 3 жыл бұрын
This is like hearing snippets from Poor Charlie's alamanack
@JamrockVybzTV
@JamrockVybzTV 2 жыл бұрын
We love and appreciate you Charlie
@jeffsievert9693
@jeffsievert9693 3 жыл бұрын
All kinds of Wisdom My fav " Even if you are a victim it's a mistake . " So great . So true .
@platoscavealum902
@platoscavealum902 3 жыл бұрын
29:21
@BinanceUSD
@BinanceUSD 7 ай бұрын
Lovely interview
@lovememoremeticulous4378
@lovememoremeticulous4378 2 ай бұрын
Two Investing GIANTS. Warren & Munger.
@Steve-pw7xm
@Steve-pw7xm 3 жыл бұрын
It's 7/28/2021....If BABA is good enough for Charlie Munger and Monish Pabrai at $221 per share, it is good enough for me at $190.
@SwiftySwiftt
@SwiftySwiftt 3 жыл бұрын
Smart man
@rahuldaswani7944
@rahuldaswani7944 3 жыл бұрын
Unless he does a u turn and sells it…
@carlmannhard8051
@carlmannhard8051 3 жыл бұрын
@@rahuldaswani7944 He buys and hold for 10 years atleast. Every time. If he makes a decision, he sticks by it for a decade
@rahuldaswani7944
@rahuldaswani7944 3 жыл бұрын
@@carlmannhard8051 I agree with what you are saying. He only has 4 stocks and has held most of them for a long time. I’m just pointing out that he can change his mind. By all means follow him, don’t bet the farm.
@tuckert3431
@tuckert3431 3 жыл бұрын
What if it is worth less now than when they bought it
@TheMelody55
@TheMelody55 3 жыл бұрын
One of the great legends of our time.
@marshallhosel1247
@marshallhosel1247 2 жыл бұрын
Wonderful video.
@nhanha7433
@nhanha7433 3 жыл бұрын
The correct buy and sale in products and financial instrument. It is not the long term holding. If you buy 2000 dollars products or financial instruments you must able resale for 2200 or better each days. Because you make a living base on buy and resale.
@fhowland
@fhowland Жыл бұрын
Living legend.
@ToddMatthewsFitness
@ToddMatthewsFitness 3 жыл бұрын
Brilliant.
@evelynramos445
@evelynramos445 Жыл бұрын
Warren's dad was driving force! Gave him an anchor as father's should! Exemplary
@Michael-gh5ys
@Michael-gh5ys 3 жыл бұрын
This gentle is so sharp that his body cannot keep up with his mind.
@malvinderkaur541
@malvinderkaur541 2 ай бұрын
It's just going along with what others were doing at that time not knowing anything better where your interests lie, and that's how it evolved with every circle around but when you take apart the layers you do realize what all got done in certain ignorance not really knowing better except certain things were at stake and those needed to be saved
@richardbrusca1164
@richardbrusca1164 2 жыл бұрын
I love listening to Charlie...especially when he reflects on his best friend and business partner. I am inspired by his knowledge and experience. I'm a block chain and crypto guy...different than conventional business, I use his principles to succeed. Hold or what I say ...HODL long term, I respect his midset. I learn from Charlie's and Warren's principles of investing...I continue to learn, remain open-minded and invest for the long term, especially with a new asset class...opportunity!!!
@platoscavealum902
@platoscavealum902 3 жыл бұрын
11:55 … From See’s, Buffett learned that he should buy Coca Cola. [From Coca Cola, Buffett learned that he should buy Apple ]
@suzakico
@suzakico 3 жыл бұрын
Only 17K viewers on July 30 which is ~30 days after the first posting ... wisdom by definition is scarce for wisdom to be wisdom, I reckon.
@OrangeYTT
@OrangeYTT 3 жыл бұрын
Its 10 days....
@jason6919
@jason6919 2 ай бұрын
A very wise man.
@wongweiloon2666
@wongweiloon2666 11 ай бұрын
I hope he meet his hero. Rest in peace.
@platoscavealum902
@platoscavealum902 3 жыл бұрын
13:34 What makes a great company? - A durable competitive advantage.
@platoscavealum902
@platoscavealum902 3 жыл бұрын
for more information: Pat Dorsey Explains Economic Moats: 📺 kzbin.info/www/bejne/pqWseK2enK54adE (5 minute video)
@platoscavealum902
@platoscavealum902 3 жыл бұрын
What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) + The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX)
@platoscavealum902
@platoscavealum902 3 жыл бұрын
The truth about data network effects 📺 kzbin.info/www/bejne/a2S0i2pujNmFmc0 (8 minute video w/ James Currier)
@blaiserascal
@blaiserascal 2 ай бұрын
Fantastic
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