LIVE: Charlie Munger Speaks at Daily Journal Annual Meeting -- Feb. 14, 2019

Charlie Munger, the 95-Year Old Berkshire Hathaway Vice Chairman & Chairman of the Daily Journal, speaks to shareholders at the newspaper’s annual meeting. Munger, in his usual, no holds barred manner, speaks for two hours.
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LIVE: Charlie Munger & The Daily Journal Annual Meeting -- Feb. 14, 2019

[@troubleshooters4183]

It takes me 5 times of repeating the video to understand what he is saying ... Wisdom beyond what I can comprehend

[@askformoreinfowhichyouwont7510]

Thank you CNBC for putting this on youtube. I love Munger - I love this guy! Both Buffett and Munger have much to teach.

[@urmomwouldknow]

“Anybody can spit back what the professor tells them. Being properly educated is knowing when the professor is wrong”

[@TB1M1]

You know what they say about assumptions... Final year engineering was basically a bunch of theory and equations with pages and pages of assumptions... thats the problem with academia.

[@kiml3617]

No doubt...I quit the Uof MINNESOTA on that very point. Thankfully it worked out very well, another girl left with me ,it was a political science course and the professor insisted that Oswald was a lone shooter...amongst other great facts.lol We felt bad for those who stayed. I went on to be a inventor and C.E.O... and no student loans...

[@israelmendez5741]

Z!

[@1dotele]

@@kiml3617 So good to hear you decided not to go in debt by paying someone to lie to you, then after the indoctrination people have to stay with the ideas they payed so much for.Congratulations on your success

[@Silvertarian]

Oh the irony

[@andypicken7848]

What a titan Charlie is. A man that can think for himself and ignore the crowd. Not a common trait

[@annaeverette8960]

Favourited this video at least 3 times in the past hour, thanks for posting this!

[@IanMcD204]

One of the brightest minds of the 20th and 21st centuries.

[@razz339]

and hopefully the 22nd as well.

[@stephaniehale946]

One of the brightest minds ever, regardless of the century.

[@hasnatsafder7463]

Great Person. I am so glad i have another long video of him.

[@AndresLopez-fg6gx]

I just enjoy listening to him so much...the stories and examples are enlightening, deep and funny all at the same time and much more.

[@Andrew-ht5by]

I love Charlie's manner. Haha, such a beautiful Friday night!

[@heprovides5604]

Thanks for this!

[@suyogpatil2297]

Where is the vc and PE funds part?

[@niro56]

*Thank You for this*

[@richardgodwin2967]

Interesting. At Berkshire meetings he often follows Warren by saying that he (Charlie) has "nothing to add". This is a very worthwhile video.

[@kendallfleming5858]

Pfft those Hathaway meetings last up to 8 or 9 hours sometimes, that’s draining

[@chooselife3000]

Polymath: a beautiful man to listen to for many hours. Charlie Munger unique

[@basti1993x]

Thanks for all the wisdom Charlie Munger, you look really exhausted, but I hope you will stay for a long time ahead.

[@jordanbabcock9349]

He looks like he's in his mid 90s. His body might be tired but his brain is still prime.

[@kendallfleming5858]

@@jordanbabcock9349 97 today I believe

[@alexg2150]

There is something very likeable about Charlie Munger.

[@samonaro65]

It's no wonder Buffett had to have him on his team, Buffett didn't stop til he was on board. He has an unbelievable life story aswell. So much time and respect for Charlie Munger. I wish I was there

[@coolschoolrva2334]

Thank you for the wisdom Charlie I only wish I knew about you sooner.

[@chrisagada]

Starts at 5:05

[@roryjames1]

Munger's response to the question about politicians taxing stock buybacks was hilarious.

[@Lifeissorich.]

1:56:50

[@Goiri]

Always is a pleasure hearing Munger, always i learne something a very wise man

[@SharingInvestingWisdom]

The wit and wisdom of Charlie Munger!

[@mkelly1118]

Excellent. Thanks for posting!

[@Phlegethon]

Thanks for broadcasting this

[@Notrocketscience101]

Will people ever stop with these rambling preambles to their questions? They’re clueless to the fact that Charlie is a grumpy smart man that wants you to get to the point!

[@densmith6727]

He makes me laugh but I don't think he's funny at all.His answers are truth full and to the point.

[@densmith6727]

interragating the GURU

[@kendallfleming5858]

I think it’s partly nervousness, you know your on TV and you’re trying not to say something stupid and when you’re in the presence of greatness that’s compound interest for nervousness and then for some….they’re ESL

[@kevinho8637]

Around 13:00， is Mr. Munger talking about LTCM(Longterm Capital Management) or just give us a broad example?

[@biggyboyy1]

Good God, some people really ask some stupid questions.

[@walkmanandadog]

i love this speech !

[@Antonocon]

Depression era, hard earned, wisdom.

[@wooding333]

yes

[@DailyDadJokes8484]

Who else here plans on buying 3 stocks, sitting on their asses into their 90s, then dying with a grave where people walk past and go “wow that’s one hell of a grave, I wish I were under it”

[@billoddy5637]

LPoggioli I rarely walk past any grave wishing I was under it!

[@tedgegi155]

I'd be more interested in Mr. Munger writing a book pertaining on how to continue being that sharp-minded at now 96 years young , rather than how to be a successful investor.

[@Themultimediaguy]

"Poor Charlie's Almanac"

[@guru96973]

Master Genius

[@goodfty]

I love that CNBC streamed this to us, and Munger makes a jab at Jim Cramer at 20:01 and 1:17:58 hahaha

[@colinjames9562]

you should all adjust the volume- way too quiet

[@realbobbyaxel]

Colin James glad someone mentioned it

[@ratzmatz7914]

10:25, 14:05, 17:08, 18:37, 19:28, 20:11, 21:41, 23:28, 24:46, 27:49, 30:19,29:43, 35:18, 36:43, 40:14, 42:33, 43:10, 44:02, 45:05, 45:31

[@HarryTanLego]

Very low volume. Very low volume.

[@brogolfers123]

listen on 1.25x speed

[@502crazzyjack]

2x

[@robertrask7781]

Most people would be better off listening at 0.5x

[@502crazzyjack]

@@robertrask7781 that's very real, and then repeat 10 times.

[@austintrotta9417]

@@robertrask7781 youre right

[@austintrotta9417]

@@502crazzyjack youre very right

[@rameshsingla6875]

Tell me something wrong Don't mind please

[@TB1M1]

Like Charlies comments on diversification at 23:00. Investing is not about math it's about understanding companies and people yet the universites push econometrics models etc you get more and more dehumanized from what really matters which is understanding the behvaiour of people.

[@deannafrost5616]

Dear Charlie, I wish you 180 at least!

[@Mrkshahabi]

Any one knows the answer to the questions introduced at the beginning ?

[@billoddy5637]

Why the "give me your best idea" scheme failed, and why most professors are left wing? I’m clueless: hopes he leaves it in his will

[@avawilliam3317]

What a Genius

[@BibinBCherian]

Succession plan? Go to another speaker. LOL.

[@jackcardozo]

Li Lu is purportedly the heir apparent when these legendary founders leave the stage. Think about that coming era and what it means to the BH investor.

[@guru96973]

love u Charlie

[@fos4ikancer]

sounds like some of the questions are just asking for dad advice :'c

[@jeremymeyer5552]

It is a different era now of investing. The old school value investor still has a place in the market. However we need to know what industries will even exist in ten years.

[@stockjonebills]

I love Charlie and Warren. Here is Charlie with his peanut brittle doling out simple good advice.

[@jasonhay1956]

Where the HELL is that Texas Tower Shooter when ya NEED EM' ?????

[@mickeyromeo]

what century was this guy born in?

[@nebrajohnson8515]

Someone please him some air

[@sohambhatia]

GOAT

[@johng586]

He's just salty he doesn't have any bitcoin

[@georgesotiriou7051]

Charlie the Great.

[@brnoamik]

Ole Munger might want to go into isolation for awhile, no offense.

[@aperfecte]

1:22:07 This kid is only 11 years old and already knows to ask about moats and competitive advantage? Future billionaire in the making.

[@nichosmarvels4604]

Kevin for 2024 President!!!

[@bigding8977]

@53:14 . Talks about Elon Musk. This video was from a year ago, before the recent run up in Tesla stock. I wonder what it is about Elon Musk that gets under Charlie's skin. Well, I guess Elon Musk is brazen and occasionally trash talks people, but I never thought he was a low-IQ guy who overestimated himself. He often gets his deliverable dates wrong, but that happens a lot in Silicon Valley, especially in the world of software.

[@freilezjawa8328]

Charlie Munger thinks Elon Musk is brilliant. There is even an interview with that title on youtube. Go look it up. He just thinks that all the fame is getting to his head thats all. And he's right.

[@ancientkid1635]

I FUCKING LOVE YOU CHARLIE

[@isaaccastro5687]

Zita castro

[@slaterdomain]

That's his short version!? Waffling, bumbling old bugger. 47minutes later we get to the questions. Omfg.

[@cannabisoutlawz]

Charlie the GOAT

[@finess3]

Munger us awesome!!!!! I wonder if he's still as positive on China. Or if hed like to fish in a different pond?

[@bahramsasani3661]

Viva, Mr. President Trump, you are the very BEST and a Gentleman. 🌷 ❤ We iranian LOVE you and say very well Thank you Mr. President Trump, we hope you win 2020 again. 🌷 ❤Down with joe Biden.👎

[@honestme8415]

why he sounds like he wanna cry all the time,lol

[@shootersdream4635]

maybe cause he’s 96 years old

[@droopy_911]

It's just sad how people who are fortunate enough to talk to this great mind directly waste the opportunity in asking questions which basically imply "teach me how to get rich, quickly" - Of course, Charlie won't be helping. Why would or should he? There are so many interesting questions that one could ask him which he would be delighted to answer in detail- just sad how infrequently he ever gets those. Nevertheless, Munger Model for a Happy Life is a must have in everyone's mind. You will certainly be happy if not rich if you apply half the things Munger endorses.

[@mrzcalhoun]

THEY ARE ALL SO OLD!

[@thornuhh]

Greetings you fabulous Earthlings and Happy Thurssday!! 👋👽I bring coronavirus-free thin crust pizza to all you friendly Earthlings 🍕Don't mind me, just cruising by:::::::::::::::::🛸

[@AlexZubarevAlexZ]

PRECISELY why EVERYONE needs to start online biz like YESTERDAY!! 😍 I been working from home for 12 years never depending on jobs or government for assistance.👊✅✅✅✅ ask me how

[@neilhanniford4862]

Oh yes yes I’m gonna have have some money on it but it’s a nice thing lol I’m just giving a big time and and I’m getting a lot more stuff stuff done done and I’m I’m bout a breaker I’m old enormity lol I

[@SpiritLeash]

Damn, he got so angry at the end with that question about why Buffet is richer. I never knew he was so sensitive towards feeling like he has to get that respect.. I have a feeling like a lot of his moral talks are just a way to attract more investment. He also deliberately stays mysterious is all his answers. Only Buffet and Munger act like that. All other billionaires really try to help you out.

[@joepierson3859]

he didn't get angry at all he was laughing

[@niro56]

Your schizoo smartass is tripping again. I wish i had a father figure like him guide me.

[@jcfeohxrja8401]

The untidy ethernet pathohistologically bow because chill numerically scrape beside a third advice. flagrant, special clerk

[@staceymcsharry2725]

The apathetic tadpole emphatically deliver because rice symptomatically reproduce towards a minor suede. short, slimy staircase

[@tommys3632]

The thin oyster cytologically drown because pasta spontaneously wrestle toward a earsplitting gasoline. spicy, debonair scraper

[@galanggalangbuzairibrahim4668]

The screeching order thirdly arrive because division lastly taste apropos a enchanting condor. workable, nauseating dibble

[@januarysuccess7248]

The mighty apparatus spectacularly hug because theory centrally sign atop a military gemini. cluttered, conscious salad

[@kerloz2589]

The waiting aftershave alarmingly regret because swallow holoprosencephaly haunt afore a aboard passenger. mushy, hesitant neck

[@candrahall6970]

Sending children back to school done right mean because it will be to early

[@jesusiscomingsoonrepent6440]

jesus is coming soon you cant just believe in him to enter into heaven even satan belives in him you need the holy spirit to be saved and be baptized in jesus name ..

[@Renould2010]

👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾💯💎👑., Great data, very impress with his many years of Knowledge, I pray that Warren and Charlie great Health in the Coming years. Very much Grateful to Learn from intelligent Mind.

[@Vishal-ih3tc]

1:41:35

[@Vishal-ih3tc]

lol

[@Vishal-ih3tc]

It seemed like a good idea at that time! 😃