POOR CHARLIE’S ALMANACK (BY CHARLIE MUNGER)

Support the channel by getting Poor Charlie’s Almanack by Charlie Munger here: amzn.to/2LrjsEv
As an Amazon Associate I earn from qualified purchases.
In this animated video summary of Poor Charlie’s Almanack, you will learn about the greatest investing advice from the right-hand man of Warren Buffett - Charlie Munger. Together with Warren Buffett, Charlie Munger has been the mastermind behind Berkshire Hathaway, the 6th most valuable stock market company in the world, and its success.
Top 5 Takeaways from The University of Berkshire Hathaway: bit.ly/350jAmb
Top 5 takeaways from Poor Charlie’s Almanack by Charlie Munger
0:00 Intro
00:08 5. Start with the don'ts
02:58 4. "Lollapalooza"
05:33 3. Learn from other peoples' mistakes
07:42 2. Become a Swiss army knife
10:39 1. Charlie Munger's investing checklist
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@TheSwedishInvestor]

Top 5 Takeaways from The University of Berkshire Hathaway: bit.ly/350jAmb

[@thejashp4766]

Excellent video🤘 Please summary on Trading in the zone

[@Value_Pilgrim]

Hi Mr. Swedish Investor, Can you please do a video on the book "Intelligent Fanatics" Thanks.

[@unknowninfinium4353]

Kudos to you man, you summarized one the the most Important books ever written on investing.

[@TheSwedishInvestor]

Thank you akshay kumar! 😁 happy to hear that you enjoyed it!

[@unknowninfinium4353]

@@TheSwedishInvestor You deserve it, sometimes I tend to forget the lessons learn but you summarise them beautifully.

[@maddysydney]

The Swedish Investor Hi mate, do you do all your graphics yourself? Do you use video scribe for your video? Thanks. (I am aspiring to start my own channel shortly. Appreciate some guidance on your tools and tricks. Thanks)

[@ychen4975]

Ditto!

[@patmarco2251]

@@maddysydney so you want him to tell you to create his own competition?

[@billwu1931]

Almost turning 18 this year, best video I have seen on KZbin. Keep up the good work mate! Thanks again

[@jeswmuke]

The most clear & the best short summary of Poor Charlie’s Almanack I have ever seen. Thanks for the excellent creation.

[@TheSwedishInvestor]

I appreciate it a ton Mike! 😁🙌 Cheers!

[@louisghd09]

Awesome. I read the books you review and still watch the videos in case I didnt retain something or forgot something and also to get a visual in my head!

[@markslesarev5024]

Love your channel, thank you for informative content!

Your channel is gold. Thanks mate

[@mixanguyen3068]

Don’t have dinner or meeting outside of work with an attractive coworker alone! Good one!

[@arunpaul775]

Excellent!!!! Thank you so much for encouragement

[@DSmith-ix1xf]

I love how clearly your presentation style is in all your videos. It's what makes them captivating!🕸️

[@prashanthari92]

Hey man, found your channel very recently and I have to say the content on it is pure GOLD. Thank you so much. Keep up the great work!!

[@TheSwedishInvestor]

Cheers prashant h! Glad you like it, hope I can provide more valuable content for you in the future!

[@asknorway]

Very nice summary of my favorite book of all time. I return to it again and again. For those who are especially interested, I also recommend reading Warren Buffet's Berkshire Hathaway Annual Letters, and watching/listening to the annual meetings on youtube (which I'm doing now.) Warren and Charlie are some of the best teachers ever.

[@TheSwedishInvestor]

Cheers AGF! 😁 I would recommend reading The Essays of Warren Buffett too, highlights of the letters are structured in a great way in it 👍

[@Marco-wz8xw]

Great content! Thanks.

[@NarayanBhandariGulmi]

Thank You for this video.

[@wanghaowang5790]

Thanks for sharing !

[@GearsDemon]

Great video. Thank you.

[@LatinDanceVideos]

Be consistently not stupid. So understated.

[@anuraagpandey8316]

excellent, kudos to you

[@dothex4919]

Great summary!

[@angelfelixgallardomiguel]

I read this book and feel he is the true mentor to all kinds of people, including those not investing stocks

[@samandaralijanov5210]

One of the most underrated channel

[@jvyankatesh]

I appreciate your efforts, particularly on book reviews with crisp info and animations.

[@TheSwedishInvestor]

Cheers Vyankatesh Joshi! 😁

[@vinodpallapati4302]

Thank you man

[@jaredcorreafitness9666]

Mr.Munger is truly brilliant. Very wise and a lot of wonderful life lessons that are invaluable to keep with you for life. Thanks for the upload

[@GanpatiRam]

Thank you brother

[@fhollhuber1622]

Have almost finished to read the book. Must say that your is very good!

[@user-zc4ws7tw1x]

Thank you for sharing. Love from China

[@ThatWhatsUpMusic]

Thank You

[@rajshaffir8665]

I love your videos. I will be buying my books using your links in the future.

[@TheSwedishInvestor]

raj shaffir I appreciate the support a ton! Cheers to you 🙌

[@frankmathews1358]

Thank you.

[@redcae1911]

Really good take aways from the book, many thanks from Cyprus

[@larryorlando264]

Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx

[@AverageAngel]

great video

[@narendra642]

Really great video

[@farzamdxb9678]

Thank you

[@FinancialWisdom]

Another great video, thank you.

[@TheSwedishInvestor]

Glad you liked it fellow Financial Wisdom sharer 😁

[@FinancialWisdom]

@@TheSwedishInvestor You were our inspiration :-)

[@TheSwedishInvestor]

@@FinancialWisdom I'm honored to hear that! :)

[@muthiahlakshmanan5104]

a great channel with wealth of information made it very simple with animation. Thanks for great work and contribution. I wish your best and i am positive you will make it big in life for your contribution

[@TheSwedishInvestor]

Muthiah Lakshmanan I appreciate your support a ton, cheers! 🙌

[@frankmathews1358]

This is great.

[@MrDibakarghosh]

Great 👍 Content.

[@mrsahamcharlielynch]

thx a lot for your video sir

[@TheSwedishInvestor]

Cheers Mr Saham! 🌟

[@mrsahamcharlielynch]

@@TheSwedishInvestor cheeers 😊

[@donraquel]

Wisdom for sure 🎁

[@thinktank3231]

This video provided me lot of wisdom thank you.

[@TheSwedishInvestor]

I'm happy to hear that Aman Keshari! 🙌

[@thinktank3231]

@@TheSwedishInvestor Are you enterpenuer or pure investor??? Please Give some advice who want to do both🙏🙏

[@shirzadkhory]

Awesome work

[@TheSwedishInvestor]

🙌😍

[@drjems]

Excellent video .....superb...I took notes from your video ..Its a teaching content.... Your skill improved so much Thank you ...🙂

[@TheSwedishInvestor]

Jemin Bharath! 🙌

[@shubhamdeep6041]

I wish your channel reaches 1 million subscribers soon.. Best of luck

[@TheSwedishInvestor]

Shubham Deep thank you for your support!

[@drjaigupta]

thanks a lot for briefly summarizing what not to do for a Novice like me. Sure I need to learn more by reading.

[@ganesanls8723]

Awesome

[@cato451]

I recommend the book “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns” by John Bogle.

[@TheSwedishInvestor]

I like that one too, for passive investors. I’ve read it before so it may appear here in the near future.

[@rcolbert1971]

Great book!!!

[@InvestingwithKurt]

I would second that! To me is one of the best books to read on investing

[@valentinstoyanov304]

I will definitely read the Almanack. Found it on the Web. It is a legendary book I've heard of many times before, but not translated into my native Bulgarian yet.

[@Thigrandil]

You got a link? Its over 60 bucks on amazon for a hard copy, a bit steep for a poor undergrad

[@vernefits1953]

Awesome video

[@TheSwedishInvestor]

Glad you liked it Verna Fits 😁

[@rajdeepbhoi]

For me all videos in this channel are worth millions of dollars

[@tripletalcantara6531]

Right after Warren buffets recommendations .... You sir have done it again 🔥

[@TheSwedishInvestor]

Cheers Triple T! 😁🙌

[@eeshan1987]

Great Video, ❤️ from India

[@wetradewaves]

Another great video thank you. it's always good to help others and give them our knowledge...

[@TheSwedishInvestor]

Cheers man! 🌟

[@sohamkapadia7210]

Is the final presentation readily available?

[@jeanpolice3044]

I might be an intelligent investor someday because of you ! Thanks for the great contents ⭐

[@TheSwedishInvestor]

Jean Police I'm very happy to hear this! Thank you for the support, hope that the channel can help you on your investing journey 😁

[@bluegtturbo]

For the average investor (by definition most people) then the best course of action to 'Not being stupid' is to not try to beat the market. Invest in the Vanguard S&P 500 ETF or All world ETF. If 80 percent of so called experts fail to beat the market, why should the rest of us even try? Psychologically it's far easier to make regular contributions to an ETF than to try to pick individual stocks. As an index ETF investor I WELCOME falls in the market the same as I'd welcome lower food prices..

[@TheSwedishInvestor]

I think there's much truth to that statement. Most people should invest regularly in a cheap index fund or follow a system like The Magic Formula. However, my hope is that most people watching this channel can be educated to a level where they don't have to be like most people :)

[@joeroganpodfantasy42]

Also most games and video games rely on who has the most patience forcing the opponent to make a mistake , 99% of the time you don't have to do anything to win at high level just be more patient than the opponent.

[@maalikserebryakov]

not reslly. You need to be aggressive in most games

[@sarthakkgangwani762]

The Preston' s series you told me is amazing. Thanks for the it and another great video as always.

[@TheSwedishInvestor]

I'm glad you liked it Sarthakk! (Both Preseton's series and this) Cheers, and thanks for the support! 😁

[@unknowninfinium4353]

@@TheSwedishInvestor What Oreston series, curious to know.

[@marcobayer]

And I’ve always thought that Lollapalooza Effect was the sense of regret after going to an overcrowded music festival.

[@thejashp4766]

Great video 👌 Please summary on Trading in the zone

[@FinancialWisdom]

I will be doing this book by the end of the year.

[@thejashp4766]

@@FinancialWisdom thanks

[@Daniel03031979]

Great resume! From my point of view this one is the "Bibble" of the value investor, instead of "The Intelligent Investor", and would even deserve an extra "5 Takeaways" of some of its chapters. Please do It If possible, specially on Talk Eleven called "The Psichology of Human Misjudgement".

[@TheSwedishInvestor]

Daniel Araújo Lima thanks a ton for your support! I do agree that this is a great book. I agree with you, this is a great one. The series about Charlie Munger's mental models that I'm producing right now is partly based on the talks in this book. Together with input from other books such as "Damn Right", "Seeking Wisdom" and of course everything that Munger has ever said during BH annual meetings (there's a ton of info there too).

[@Daniel03031979]

@@TheSwedishInvestor , excellent! And thanks a Lot for your whole terrific work.

[@amirarshad5194]

I avoid unprofitable companies, high PE companies, pharma, unstable earnings companies

[@tuanmoney]

what are you using to make these whiteboard videos? these videos are so informative!

[@Windarti30]

I have lost a lot to fake account managers and brokers and it was hard to trust again but when I met Expert I recovered all my lost within a week and now me and my family are happy. I owe him a lot and I will love to recommend you to him.

[@Windarti30]

Sir Adams has helped changed my financial situation for good

[@Windarti30]

+ 1 4 2 4 2 1 6 6 5 4 5

[@innocentyakubu1444]

Am a regular viewer of your channel on KZbin. Keep the good work going ,I have learnt alot

[@diamondhands8505]

A funny thing happened the other day: A strange old codger with a cane showed up and laid THIS book on me..... said he was my distant relative, I didn’t see the resemblance

[@TreadNShred]

Just asked myself that question, I guess it would be telecommunication, real estate and Industrials.

[@mikestanmore2614]

So Charlie's #3 could currently be interpreted as "Don't go on a tour of an active volcano in the Bay of Plenty."

[@harry3balls]

Thank you! I wanted to buy this book but in my country the price for it is insanely high...

[@terenceyoungmd8032]

That may be true but what is the cost to you if you DONT get it?

[@maalikserebryakov]

@@terenceyoungmd8032probably zero. Most people don’t have the intellectual discipline and IQ to become rich. just a fact

[@aviavi5569]

If you can plz suggest me your top 5 pick books on investing

[@desmondlittle6676]

Hey Erik what should I do i am completely on unprepared for life. I didn’t learn anything in school and I feel like everything I learned in school has fallen out of my head or maybe I didn’t really learn anything school that stuck and now I’m a 30 year old man with not that much knowledge I’ll say my education level is at fifth grade at best I literally forgot how to spell fifth. I know for a fact that I would have a very hard time trying to make it in the real world. I don’t know how to support myself like a functional adult.😔😢 what do you think I should do? I’m helpless on my on. And i am at the mercy of my relatives. I have more say but I’m going to save it.

[@jaydominic01]

How do i calculate the margin of safety? Thanks.

[@PhilippPogosov]

Make video on DCF and also how to do DCF like value guys (i mean without beta)

[@winorlearn2722]

Love the videos, ever plan on doing real estate books again?

[@TheSwedishInvestor]

Thank your for your support! Maybe I will, but I don't have such a video in the pipeline at this moment 😊

[@xyZ-st9ry]

Hey can you post the animations you have drawn as a pdf?

[@dogacboz5330]

I love the Swedish Investor

[@TheSwedishInvestor]

😍

[@creativelearnersacademy7588]

Why do you avoid Insurance companies?

[@KevinHernandez-kh3ue]

RIP charlie

[@darslandr]

Whats that background music??

[@mkt9166]

Quá tuyệt !

[@Historyteacheraz]

This book is full of wisdom. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the investment principles key to their success.

[@maalikserebryakov]

Useless book. Read the berkshire letters to shareholders and watch annual meetings Unless it comes from The Tongue or Hand of buffet, don’t trust it

[@xyZ-st9ry]

2:45 5:10 7:35 9:37 10:29 13:16

[@bhushanksbharadwaj5638]

Can you please do Rule #1 by Phil Town

[@kevinsullivan1840]

Can you do book review " Big Debt Crises By Ray Dalio" ? ☺️☺️

[@TheSwedishInvestor]

Stay tuned .. 😁

[@zink5664]

You got amazingvideos

[@TheSwedishInvestor]

smart budvak thank you for your support! 😁

[@zink5664]

Love these videos mate

[@IknowIamafool]

Thanks Swedish Investor :)

[@tsiebring477]

Like your video! One thing: do you think Einstein talked about interest rates as a theoretical physicist?

[@colinwiener3268]

T Siebring he did yes. If you have interest rates at 10% per year as an extreme example, the effects of that reinvested over and over is an exponential growth, an area of mathematics Einstein was very well equipped in.

[@stevejustice1352]

6:52 Charlie Munger believes diversification is for those who don't know what they are doing... he only has 3 holdings

[@joshreddy4278]

steve Justice First of all he owns 5 holdings and 2 of them are Berkshire Hathaway, Himalaya Corp. which are extremely diversified. He is pretty intelligent.

[@stevejustice1352]

@@joshreddy4278 and cost co....3 holdings....he Warren and Mark Cuban believe diversication are for people who don't know what they doing... you didn't refute my point

[@SBK2480]

himalaya Corp had only 3 stock positions last time i checked

[@eddiegill]

Baseball player Ty Cobb bought Coca-Cola before buffet and was a millionaire from it when Warren was born. Warren started buying in 1988

[@zotspicksels137]

RIP the legend

[@khizarqureshi8840]

Charlie Munger is under valued guy one day his work will be recognized and rewarded

[@tubeyou89119]

Why one day? He is recognized and widely respected by many people and rewarded already by being a billionaire and living a life he loves.

[@chandankataria8193]

Sir please make videos on trading books. investing is long term 🙏🙏

[@TheSwedishInvestor]

Chanda thank you for your suggestion. There are a few of them on this channel that you can check out if you haven’t already, look at my trading books playlist. I think Trade your way to Financial Freedom and Trading for a living are probably the best ones 👍

[@chandankataria8193]

@@TheSwedishInvestor sir first thanks for reply and I have watched your trading playlists videos and please make some more videos on trading and big fan from india

[@darraghcollins4961]

When you put a quote from Isaac Newton in your video but it just so happens that he got caught up in the euphoria of the south sea bubble and lost a few thousand pounds.

[@colinwiener3268]

Darragh Collins yea but that has nothing to do with the quote. The quote is him talking about himself as a physicist, not an investor. He stood on the shoulders of giant physicists, not non existent value investors.

[@tuomasnurmi7353]

Your material is way better than Blinkist!

[@ripwolfe]

I avoid biopharms. Any company whose profit opportunity is based in human health and contingent on the approval of a governmental entity like the FDA is strictly hands-off.

[@TheSwedishInvestor]

Thank you for your reply Adam 👍 For smaller ones, I avoid them too (often they are excluded due to my profit rule though). There’s no informational advantage for me to get there. For that, you’d probably have to be a doctor, pharmacist or chemical engineer 😊

[@cryptoniteclark]

At 6:30, apart from Buffett and Munger, who are the other "guys"?

[@_kuya.e]

Start with the don'ts, the things you have to do to make sure you won't achieve your goals

[@tomyshaw977]

Charles Munger is more of a businessman than Warren Buffett, Buffet is the friendly face in Berkshire Hathaway. Munger loves to get down to business and point the elephant in the room. In business, we need a social person and one to get down to details. Love the book review, keep sharing Swedish Investor.

[@2504bella]

Wank

[@Jose_Lima]

I don't think you're doing a fair picture of Buffet 🙂

[@acextensionsinc]

🙏🏼✨🙏🏾

[@EgorSebastianBach]

I think that the key is reading a lot, and trying to understand what you read.

[@faithlesshound5621]

The corollary would be to limit your time on the internet, or watching television.

[@XOPOIIIO]

How can you stand outside of Sweden in current global economy? You need to check competitors at least, and they are mainly outside.

[@TheSwedishInvestor]

What do you mean ХОРОШО? 😊

[@XOPOIIIO]

@@TheSwedishInvestor I mean you said you don't look for companies outside of Sweden. But market is global, isn't it better to analyze industries, rather than countries?

[@TheSwedishInvestor]

@@XOPOIIIO It all comes down to what type of investing strategy you use. Relatively speaking, I have a greater advantage when it comes to the Swedish stocks as I can more easily absorb all the information about them. I know what resources to use etc. Many of them are acting in a global market though, just as you say, and when picking among such companies, international competitors must be studied too. So far, I haven't yet owned a company that wasn't founded in Sweden. While this may change in the future, I would never go into a market such as Asia or Southern America for example. Due to language barriers and a different culture, I'd be at an informational disadvantage.

[@learnsomethingneweveryday1539]

@@TheSwedishInvestor interesting. How do you feel about sharing some past performance results of your investing history of sticking with Sweden? Additionally, percentages of portfolio breakdown in these swedish companies etc

[@learnsomethingneweveryday1539]

@@TheSwedishInvestor I'm in the UK and the UK hasn't performed well last 15 years