Watch Warren Buffett and Charlie Munger preside over full 2023 Berkshire Hathaway annual meeting

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Күн бұрын

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@AmicusAI
@AmicusAI Жыл бұрын
0:06 - Agenda for the event 1:18 - Introduction of Directors and key personnel 4:29 - Discussion of earnings and overall financials 7:12 - Change in business climate and expectations 9:53 - Increase in investment income 10:57 - Insurance underwriting outlook for the year 12:25 - Historical growth of earnings 13:04 - Berkshire Hathaway's net worth under GAAP accounting 14:03 - Explanation of float and its importance in insurance 15:42 - Jain's contribution to increasing float 17:04 - Update on cash and treasury bills as of March 31st and April 22:00 - Question about balancing conservatism and aggression in investments, and if emotions play a role in decisions 22:30 - Buffett admits to making bad investment decisions but not due to emotions 26:23 - Ajit talks about Geico's progress in telematics, technology challenges, and improving profitability 29:11 - Greg talks about BNSF, its efficiency, and long-term focus on delivering value and service to customers 31:48 - Buffett praises Todd Combs for his work on Geico, especially on matching rate to risk 33:02 - Buffett discusses public insurance companies and highlights the success of Berkshire Hathaway Specialty, created by Ajit and four others 36:05 - Questions about AI, Robotics, and their impact on stock markets and society 36:58 - Robotics adoption in BYD's factories in China 37:10 - Skepticism about AI hype, preference for old-fashioned intelligence 37:33 - AI's limitations, example of AI not understanding jokes 38:40 - Concerns about AI's influence and potential consequences 39:45 - Warning about brewing storm in US commercial property market 40:19 - Berkshire Hathaway's limited activity in commercial real estate 40:42 - Anticipation of significant, unpleasant consequences from hollowing out downtowns 43:33 - Thoughts on the future of value investing and adaptation for investors in a rapidly changing landscape 45:02 - Belief that opportunities for value investors will still exist due to people making mistakes 47:53 - Expectation of unpleasant episodes in a world where many smart people are trying to outsmart each other 49:37 - Update on unique transaction with AIG in 2016 and risks of banks with assets susceptible to rising interest rates 50:02: Insight on Berkshire liabilities susceptibility to duration; Berkshire doesn't have to put it into matching bonds, but a general pool of assets 51:40: Payments made have been slightly below the anticipated amount in terms of share of losses 52:54: Deal is performing well; actual payouts are 96% of projections 55:04: Berkshire has 4x more stockholder capital behind each dollar of premium volume than normal 58:02: Estate planning problem: Failure of parents to prepare the next generation for inheritance or business succession 1:02:01: Estate planning advice: Live the values you want your kids to have and make sure your will reflects that 1:05:11 - Discussion of reprehensible behavior at BNSF and other subsidiaries 1:05:25 - Breaching agreement with tribal land, looking to resolve the issue 1:06:11 - Lessons learned from the breach, respecting agreements 1:06:34 - Addressing derailment issues, working with tribes to mitigate problems 1:07:45 - Discussing the frequency of derailments and their inevitability 1:09:37 - Question on continued development of new energy and its future 1:10:27 - Challenges in building transmission and integrating renewable energy 1:12:02 - $70 billion of known projects required for energy transformation 1:14:22 - Difficulty of recreating urgency and unity seen during World War II to tackle energy challenges 1:17:56 - Question on who's behind Greg Abel and Jain in their respective roles 1:20:28 - Discusses changing managers infrequently and having the right person running the company 1:21:37 - A former Solomon Brothers employee thanks Buffett for saving the company 1:22:32 - Most important things for the US to remain strong and potential reasons for its strength being undermined 1:27:09 - Need for different solutions to address global challenges and the importance of adapting to those challenges 1:29:04 - Potential concerns after Buffett passes away, such as a corporate raider taking control of Berkshire and changing its philosophy 1:33:15 - Emphasizes the importance of Berkshire remaining a secure, well-managed company with a diverse portfolio and strong shareholder base 1:36:07 - Story about meeting Jain and how he knew he struck gold despite Jain's lack of insurance experience 1:38:27 - The importance of recognizing talent regardless of formal education 1:39:32 - Munger shares a story about finding Louis Vincenti within their companies and his remarkable retailing knowledge 1:42:09 - Ben Rosner, his strong partnership with Leo Simon, and their interesting business ventures 1:47:33 - Jain discusses the property cat business, the renewal date, and their current portfolio exposure to property catastrophe 1:51:22 - Freedom to make their own decisions without pressure from Wall Street 1:53:34 - Buffett doesn't understand the technical aspects of all businesses, he understands consumer behavior 1:55:17 - Buffett and Munger emphasize learning over time and getting wiser in making business decisions 1:59:40 - Buffett and Munger discuss their Japanese investments, building trust with Japanese companies, and potential long-term opportunities 2:06:15 - Charlie discusses the insanity of vast diversification, suggesting it's better to focus on best ideas rather than worst 2:07:51 - Attendee from Hong Kong shares his positive experience investing in Berkshire Hathaway and asks about US-China internet companies' valuation and price disparity 2:09:45 - Charlie expresses the importance of US and China getting along and promoting free trade for mutual benefit 2:11:00 - Discussion about the geopolitical balance and the need for both countries to understand the consequences of pushing each other too far 2:16:08 - Question about the selling of Taiwan semiconductor shares; Warren cites geopolitical issues and preference for US-based companies 2:18:47 - Question about the 100-year vision for Berkshire Hathaway; Warren shares his admiration for Ben Graham 2:20:46 - Success of Ben Graham's book that changed his life 2:23:00 - Munger adds half of Graham's investment returns came from investing Geico 2:26:35 - Jain about Geico's efforts to offer insurance at the point of sale with auto manufacturers 2:32:21 - Control of voting rights in Berkshire Hathaway and whether CalPERS and BlackRock will get their way with ESG 2:35:08 - Discussion about fund management fees and the behavior of certain funds 2:36:05 - Berkshire Hathaway's share buybacks and future capital allocation decisions 2:39:19 - Tom Nelson from Minnesota asks Charlie about his controversial statements on the COVID-19 vaccine 2:40:28 - Advice for Berkshire owners once others are running the company 🤓🤓
@tallmikeholley
@tallmikeholley Жыл бұрын
WOW! Thank you sir for putting this together! So helpful!
@TheIRSneedsme
@TheIRSneedsme Жыл бұрын
Thank you friend!!
@paulbhogal
@paulbhogal Жыл бұрын
Give you a pay rise thank you
@AuditorInvestor
@AuditorInvestor Жыл бұрын
Thanks for your effort, this is useful in compiling my own notes. Would appreciate similar for afternoon session too.
@Daniel-zh9py
@Daniel-zh9py Жыл бұрын
Thanks for time tags for the content topic.
@arianbehnami1050
@arianbehnami1050 Жыл бұрын
Was an absolute honour to be in the room. So much valuable knowledge and experience behind each word
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
Billionaires are not wise men, they are nuts.
@klac9308
@klac9308 Жыл бұрын
@@jeffforsythe9514 may be for inherited billionaires but 70% are self made billionaire
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
@@klac9308 America has cast out the Divine in exchange for gluttony, the American Weigh
@eminentcasper2034
@eminentcasper2034 Жыл бұрын
I'm not in any event joking when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.
@wilsonkrusk8652
@wilsonkrusk8652 Жыл бұрын
I cannot focus on the long run when I should be retiring in a few years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/ unstable market doesn't provide any calculated risk opportunities to make profit?
@GabriellaEstelaAracely
@GabriellaEstelaAracely Жыл бұрын
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
@EmilianoLeonardo1
@EmilianoLeonardo1 Жыл бұрын
I completely agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.
@mykreid
@mykreid Жыл бұрын
I've been down a ton, I only hold so that I can recoup, I really need help, who is this investment-adviser that guides you
@EmilianoLeonardo1
@EmilianoLeonardo1 Жыл бұрын
If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.
@kimyoung8414
@kimyoung8414 Жыл бұрын
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
@alexyoung3126
@alexyoung3126 Жыл бұрын
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
@joesphcu8975
@joesphcu8975 Жыл бұрын
Very true! I've been able to scale from $70K to $210k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@joesphcu8975
@joesphcu8975 Жыл бұрын
The advisor that guides me is “Helene Claire Johnson” most likely the internet is where to find her basic info, you can run a quick research with her name. She's established...
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks.
@saferandquieteroads
@saferandquieteroads 10 ай бұрын
what a beautiful friendship the two of them had. A great example to us all. My heros
@hersdera
@hersdera Жыл бұрын
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
@RaymondKeen.
@RaymondKeen. Жыл бұрын
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting.
@SandraDave.
@SandraDave. Жыл бұрын
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@RaymondKeen.
@RaymondKeen. Жыл бұрын
Margaret Johnson Arndt”is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@umarshahzad6318
@umarshahzad6318 9 ай бұрын
Hi
@SanjiEastBlue
@SanjiEastBlue Жыл бұрын
Rip Mr. Charlie Munger. We will never forget you and your words of wisdom. My condolences to the Munger family.
@RelaxInCanada
@RelaxInCanada Жыл бұрын
Two legends who gave us valuable timeless advice for years💸
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
I guess you are not a Christian because wealth and wisdom are far apart.
@grahamstewart4898
@grahamstewart4898 Жыл бұрын
@@jeffforsythe9514 Really? Can you expand on your comment.
@sebastianspiegler5801
@sebastianspiegler5801 Жыл бұрын
As a fairly new investor, I have found that before investing any money into the market, it's important to thoroughly research the companies you are thinking of investing in, especially for the long term. If you wish to dabble in single stocks, due diligence is a must. Fortunately, I was able to make a $150k profit in Q1 of 2023, and I hope to make more in the remaining quarter of 2023.
@liambracey6708
@liambracey6708 Жыл бұрын
Congrats! I'm fascinated with investing, as a single dad and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Do you think I'm missing out something?
@richardsoncuthel810
@richardsoncuthel810 Жыл бұрын
@@liambracey6708 Hey buddy, I suggest you get an investment advisor before you lose everything. Sharing my experience, first tries are usually very tricky and can lead to messy results, so I had to hire a CFP named Lisa Ellen Shaw who specializes in portfolio revamp. She helped me figure out what I was doing wrong and increased my portfolio by 10 times in 4 months.
@mialangley2388
@mialangley2388 Жыл бұрын
@@richardsoncuthel810 I have a lump sum in the bank that does not earn any significant interest but continues to depreciate due to inflation. How can I get in touch with Lisa so that I don't make costly mistakes?
@richardsoncuthel810
@richardsoncuthel810 Жыл бұрын
@@mialangley2388 You can easily contact her by doing a quick internet search with her name and visiting her webpage.
@aubreymcgovern9467
@aubreymcgovern9467 Жыл бұрын
@@richardsoncuthel810 I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I planned to call her after doing a quick internet search for her.
@elsestatement8958
@elsestatement8958 Жыл бұрын
what happened to peter? bring back peter flaherty!
@ajapril10josh54
@ajapril10josh54 Жыл бұрын
kzbin.info/www/bejne/aoqbfpmpabR2nas NLPC Chairman Peter Flaherty connects CEO Warren Buffett to BILL GATES AND JEFFREY EPSTEIN live during Berkshire Shareholder Proposal Presentation
@davidanalyst671
@davidanalyst671 Жыл бұрын
I watched this whole thing, and didn't see peter flaherty's question. Why did CNBC edit this out?
@musclebroh
@musclebroh Жыл бұрын
God bless you! The world need more people like you in the future!
@shamha1626
@shamha1626 Жыл бұрын
almost 200 years of wisdom thank you !!
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
You have mistaken being filthy rich for wisdom, sorry.
@athiestperson5947
@athiestperson5947 Жыл бұрын
@@jeffforsythe9514 are you hater of him sir Getting that rich comes with wisdom
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
@@athiestperson5947 I know that when someone hates another it is the hater that feels the hate, not the hated so why would I choose to feel hatred? Where did you ever get the idea that gluttony is wisdom, suffering is gained through suffering, not wealth.
@athiestperson5947
@athiestperson5947 Жыл бұрын
What are you talking about bruh Speak English @@jeffforsythe9514
@ericb7937
@ericb7937 Жыл бұрын
Thank you! Look forward to this each year
@carljensen5730
@carljensen5730 Жыл бұрын
Did you cut out the Peter Flaherty segment?
@Odysseus38
@Odysseus38 Жыл бұрын
Idk why but something about charlie munching on snacks the whole time as warren speaks is hilarious 😂😂😂😂
@pokerrich9
@pokerrich9 Жыл бұрын
It’s a real shame Berkshire doesn’t own more banks - the system would be far more competent and accountable
@ebythebeach
@ebythebeach Жыл бұрын
banks are too risky!
@nickh2053
@nickh2053 Жыл бұрын
@@ebythebeach Not necessarily. They would have owned many more banks if the laws didn't change.
@TechOutAdam
@TechOutAdam Жыл бұрын
They'll never tell you what they do. They tell you what they want YOU to do for them.
@MrVaypour
@MrVaypour Жыл бұрын
Well said.
@quoddie
@quoddie Жыл бұрын
Thank you for the timely upload, real window into some minds of some of the greatest
@GreatGoldenRetriever
@GreatGoldenRetriever Жыл бұрын
"We are both extreme lovers of the big pile." - Charlie Munger
@LL-wc4wn
@LL-wc4wn Жыл бұрын
Buffett is smarter than Munger. Buffett is just extremely humble and gracious. Buffett is right on that disagreement and i like Buffett's philosophy better too... Its a game to start with a small pile.. and build it.. thats the fun part .. its an intellectual activity. Buffett isnt doing it for the money as much as the game. You can always make Mungers argument that its harder today than yesterday since the first human beings.
@AlanMitchellAustralia
@AlanMitchellAustralia Жыл бұрын
1:50:13 Such a great question - how can businesses manage short term profit vs long term growth. Every public business has this dilemma. It can even be generalised to life in general (ie spending now vs saving for the future). But very poor answers from Warren and Charlie - in my opinion the worst answers they've *ever* given to any question ever. They just went on a tangent to talk about a Japanese investment which has no relevance at all to the question. Such as shame, because this was one of the best questions of the event. Would have been great to get some wisdom from Warren and Charlie on short vs long term philosophy. Hopefully someone will ask it again at some point 🙁
@valuepig
@valuepig Жыл бұрын
I always run to these guys during crisis's :D my rich grandpas i never had
@Tmo2024
@Tmo2024 Жыл бұрын
SHOW THE PETER FLAHERTY PART 〽️ ONLY
@agentsancho3493
@agentsancho3493 Жыл бұрын
Buffet is 90+ yrs old and still slicker than tadpole covered in soap.
@davidanalyst671
@davidanalyst671 Жыл бұрын
for 5 hours
@ThomasDHopewellJr
@ThomasDHopewellJr Жыл бұрын
8* equals 307-407 taxes and mortgages worldwide down to 528 a month in disability not till march 10:16 529 my portfolio 9:34
@Santiino
@Santiino Жыл бұрын
RIP Charlie Munger.
@kratosboy3942
@kratosboy3942 10 ай бұрын
3:27:49 IS PURE GOLD,THAT IS THE KEY !!
@Yukiyau-NgaLai11128
@Yukiyau-NgaLai11128 Жыл бұрын
Incredible legend Warren Buffett, I'm so thankful for your valuable teaching and I have learned a lot from you. 😊👍🌹Wish to achieve wealthy goals with you 🎂🙏🏽
@worldtravel4973
@worldtravel4973 Жыл бұрын
Solid wisdom from both. Good health, good memory and excellent ethics. Fortunate to be shareholder of BRK
@jeffforsythe9514
@jeffforsythe9514 Жыл бұрын
Wisdom has nothing to do with money. The more money the more zeros.
@DakotahMiskus
@DakotahMiskus Жыл бұрын
I can’t believe that 2 people sit there and give advise and don’t act like their net worth is 111B apart from each other. I can’t even get someone with 1M to listen to me none the less get the respect that Warren gives to Charlie.
@newtonbubber1681
@newtonbubber1681 Жыл бұрын
2.40.30: Becky Quick was not that Quick for her last question before lunch 😊 Buffet Rule 1: Be always ready even when you are not ready. Buffet Rule 2: If lost, follow Rule 1. What a wonderful annual meeting 2023. Always source of learning & implementing same in our every day life, whether business or personal. Wishing you good health & long life Mr. Buffet & Mr. Munger.
@andreyk6602
@andreyk6602 Жыл бұрын
Thanks for sharing
@wildracoon666
@wildracoon666 Жыл бұрын
What a class act MASSIVE RESPECT
@katiedotson704
@katiedotson704 Жыл бұрын
I am about 1.5 hrs into this presentation. There is a tremendous amount of wisdom and hard earned insight between these two men. At this point there has quite a bit of praise given to managers and the major decision makers within B&H that I’m sure is well deserved. But I find it disappointing that there has been no mention of employees and associates further down the ladder. Each and every person within an organization matters. The people with no title and no influence show up each day to do unrecognized jobs. The effect of losing this caliber of employee may not be immediately noticed but eventually it would show up in the form of a smaller bottom line. While it would not make a difference financially, it would only take a few days to notice if the night cleaning crew suddenly disappeared and in their place everyone in the company were given their own broom, dust brush, toilet brush.
@Melki
@Melki Жыл бұрын
If GEICO could become a bank but for safe deposit boxes, they could restart the way bank works with some modern twists. We should be paying for storing our cash in banks, we would get interests if our money was put on a queue for credit and that should be based on our signatures. We should get even more interests if the money was being used but we couldn't withdraw it (unless our replacements were available). It should be fine if there's a lot of people in the queue
@TheTheist
@TheTheist Жыл бұрын
Interesting idea it would be like gambling but if enough people played and a lot of people were borrowing at capacity (and paying back) that bank could really ramp up.
@bradkenops5
@bradkenops5 10 ай бұрын
@difficultbasicfacts Please help me find this timestamp - in one of the meetings warren says "the moat of Costco is not doing 1 particular thing better than anyone else, but Costco does 400 things just a little better than all it's competitors. He then says if you think about it, that kind of moat is a lot stronger and harder to establish than the 1 area moat. - I can't find the video clip, does anyone know what timestamp?
@WahyuRamdan-g4b
@WahyuRamdan-g4b 3 ай бұрын
Thanks for the wisdom
@DeanM0riarty
@DeanM0riarty Жыл бұрын
Could you please add bookmarks/markers for each topic - 5-6 hours is a lot!
@davidanalyst671
@davidanalyst671 Жыл бұрын
at 1:15:00 Warren Buffet starts complaining about the USA bullcrap system, even though this year he refused to create his own employee health insurance company... a company that would revolutionize the existing system.
@danilodrocco9180
@danilodrocco9180 Жыл бұрын
way too many ads. Im starting to hate Google
@ludovictrottier425
@ludovictrottier425 Жыл бұрын
5:02:59 very valuable information from M. Munger!
@AuditorInvestor
@AuditorInvestor Жыл бұрын
At 1.75x speed is ideal.
@Ryan.G.Spalding
@Ryan.G.Spalding Жыл бұрын
I can't even imagine it at 1x. My heart would probably stop. I thought about going this year, but I couldn't listen at 1.5x so I’m probably glad I didn’t, but I would like to go again while everyone is still around.
@AuditorInvestor
@AuditorInvestor Жыл бұрын
@@Ryan.G.Spalding Yea went for the 2019 meeting. It's initially tough to see them slowed down when you've heard them say in 1995, but amazing they're still around to share their wisdom.
@ebythebeach
@ebythebeach Жыл бұрын
I love it! I viewed at 1.5X as the words got jumbled for me at 1.75, but thx!
@jojopuppyfish
@jojopuppyfish Жыл бұрын
Special award goes to anyone who watches all 5 hrs of this. I love Buffett but even I have my limits
@_itineraryguy
@_itineraryguy Жыл бұрын
1.5x
@bryancottle3285
@bryancottle3285 Жыл бұрын
2.0x my guy
@ebythebeach
@ebythebeach Жыл бұрын
I'll give you the cliff notes.....BUY BRK!
@itsmemad
@itsmemad Жыл бұрын
1.5x
@joshnuma6799
@joshnuma6799 Жыл бұрын
Clip the estate planning live. Guy deserves free marketing
@will2410
@will2410 Жыл бұрын
RIP Charlie Munger ❤
@Stantonthestandardstanding
@Stantonthestandardstanding 7 ай бұрын
Just knowing there are investors that have held Berkshire stock for over 30 years is indicative of the viable strength of the company.
@猫屎先生
@猫屎先生 Жыл бұрын
Love these two older guys
@raqueldominguez7834
@raqueldominguez7834 Жыл бұрын
Entiendo muy poco inglés pero me gusta su voz Es tan dulce 😘🥀
@widecircle_K
@widecircle_K 10 ай бұрын
3:24:00 he give me inspiration
@stuart2151
@stuart2151 Жыл бұрын
RIP Charlie
@SinakoMxabo
@SinakoMxabo Жыл бұрын
Rest easy Charlie, THE WOLF OF OMAHA
@LulaRoberts
@LulaRoberts Жыл бұрын
This is one of the best shareholders' meetings. I am glad to be a Berkshire Hathaway B Shareholder. Learned a lot 👌👍🫵.
@LivefromVancast
@LivefromVancast Жыл бұрын
I'm the one guy booing in the background after Charlie Munger stood by his comments about forced mandatory covid 19 vaccinations. I think if Charlie stands by that he should have mandatory gastric bypass surgery forced on him. At least I made Warren and Becky laugh. 2:40
@dianay6691
@dianay6691 Жыл бұрын
Munger and Buffett came from an era where they trusted the expert to know what's best, without questioning if these "experts" have strings attached. Woke till death unfortunately.
@jamesm.3967
@jamesm.3967 Жыл бұрын
You’re a public health risk.
@m1j9s79
@m1j9s79 Жыл бұрын
Whats the brand of peanut brittle??
@tellmemoreplease9231
@tellmemoreplease9231 Жыл бұрын
Did they show peter Flaherty arrested?
@cardenasDa177
@cardenasDa177 Жыл бұрын
Mr Warren Buffett & Charlie Munger are so right. On Some things they have said in their past videos.
@henrikwakman7776
@henrikwakman7776 Жыл бұрын
These guys.. if anything they show that to become amazing, just keep a steady course.
@davidmercado2329
@davidmercado2329 8 ай бұрын
Melissa Shapiro Shapiro that’s a classic
@stinawigren3021
@stinawigren3021 Жыл бұрын
The failure of SVB and everything happening has left the markets in shreds. I'm at a crossroads right now, deciding if to liquidate 200k portfolio down by 10%, and it's uneasy for me to not panic after my recent awful divorce. I just need investing ideas to afford my retirement
@christopherhedi5156
@christopherhedi5156 Жыл бұрын
I'm sure the ideas of an investment advisor might sound controversial to a few but based on first hand encounter,I can certain their skillsets are topnotch I've accrued
@agaashagaash6320
@agaashagaash6320 Жыл бұрын
13:50
@davidmercado2329
@davidmercado2329 7 ай бұрын
CHARLIE MUNGER: Well, I think one of the inane things that’s taught in modern university education is that a vast diversification is absolutely mandatory in investing in common stocks. That is an insane idea. It’s not that easy to have a vast plethora of good opportunities that are easily identified. And if you’ve only got three, I’d rather be in my best ideas instead of my worst. And now, some people can’t tell their best ideas from their worst. And the act of deciding that an investment is already good, they get to thinking it’s better than it is. I think we make fewer mistakes like that than other people. And that is a blessing to us. We’re not so smart, but we kind of know where the edge of our smartness is. That is a very important part of practical intelligence. And a lot of people who are geniuses on IQ tests think they’re a lot smarter than they are. And what they are is dangerous. But if you know the edge of your own ability pretty well, you should ignore most of the notions of our experts about what I call “deworsification” of portfolios.
@JeremAl
@JeremAl Жыл бұрын
Was this filmed in 1960?
@SkeligMichael
@SkeligMichael Жыл бұрын
"And we were in a world war. And what we did in a world war was we brought a bunch of people into Washington for a dollar a year. I don't know if it was Sidney Weinberg or Goldman Sachs (...) And we gave them enormous power to realign the resources of the United States to solve the problem they were facing, which was to build a war machine. And what they did was they found Henry Kissinger and told him to build ships. And they went to Ford Motor Company and said, 'You build tanks and some airplanes.' And they rearranged the industrial enterprise of the United States in an incredible way." That's the talk of an American named Warren Buffett, who is 92 years old. He believes that war methods are needed to stop climate change. He will soon be in the pit, and then even his billions of dollars won't help him.
@anderbeau
@anderbeau Жыл бұрын
22:00 WTF is wrong with the dude asking the question lol
@Brownyman
@Brownyman Жыл бұрын
@03:06:22 That 13 year old girl Daphne is a ducking legend!
@Nicolas-uu3jr
@Nicolas-uu3jr Жыл бұрын
Thank You, Oracles :)
@DeepSukhwani
@DeepSukhwani Жыл бұрын
Thank you Charlie, thank you Warren, thank you Berkshire and the entire team.. Words that are well beyond one's 100% net worth. Spend less than you earn, invest shrewdly, avoid toxic people and toxic activities, try and keep learning all your life. and do a lot of deferred gratification because you prefer life that way. And if you do all those things, you are almost certain to succeed and if you don't, you are gonna need a lot of luck. A LOT OF LUCK. And you don't wanna need a lot of luck. You wanna go into a game where you are very likely to gain without any unusual luck.
@accqpqp2339
@accqpqp2339 Жыл бұрын
2:37:42
@samuelchigozirim1356
@samuelchigozirim1356 Жыл бұрын
Lots of investing and life lessons to learn
@MuhammadShahid-gh7ez
@MuhammadShahid-gh7ez Жыл бұрын
It's a good video
@ebythebeach
@ebythebeach Жыл бұрын
microphone clips on their jackets next time!
@cpm_edc
@cpm_edc Жыл бұрын
Poor 13 yr old asked how not to blow up and die and Warren gave a pathetic answer. Kid.....the answer is Bitcoin.
@user-ej8xn1hx8j
@user-ej8xn1hx8j Жыл бұрын
You are so wonderful, Sir. With all our respect.
@skyvlogger
@skyvlogger Жыл бұрын
Buffet is the BEST
@cfvgd
@cfvgd Жыл бұрын
brainwashed
@bluenick4577
@bluenick4577 Жыл бұрын
Best at fiddling
@nyc9993
@nyc9993 Жыл бұрын
BEST at pedophilia........
@jouleSansLoi
@jouleSansLoi Жыл бұрын
American Royalty. All hail Prince Charles..😂
@nocontent4142
@nocontent4142 Жыл бұрын
wow a 92 and a 99 year old still so sharp
@WahyuRamdan-g4b
@WahyuRamdan-g4b 3 ай бұрын
Nice ❤❤
@mikebon8352
@mikebon8352 Жыл бұрын
Crooks, thieves, molesters... all should be in jail for life..
@ChrisBcards
@ChrisBcards Жыл бұрын
I'd switch Biden for Buffet in a second
@peterjanoff
@peterjanoff Жыл бұрын
You do know that Warren Buffet always votes blue? Always. Just saying.
@jamesm.3967
@jamesm.3967 Жыл бұрын
He’s an investor not a government servant . Why should you want him?
@MattDouglas-sp6oq
@MattDouglas-sp6oq Жыл бұрын
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@trazzpalmer3199
@trazzpalmer3199 Жыл бұрын
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
@graceocean8323
@graceocean8323 Жыл бұрын
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@graceocean8323
@graceocean8323 Жыл бұрын
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
@Yukiyau-NgaLai11128
@Yukiyau-NgaLai11128 Жыл бұрын
🥳👼 So exciting world with amazing magic ✈️💸
@BadGalMarie
@BadGalMarie Жыл бұрын
Peter Flaherty ❤
@yashagar4443
@yashagar4443 11 ай бұрын
Impeccable
@aaliyanzahidofficial
@aaliyanzahidofficial Жыл бұрын
Wow this is so cool!
@AbigailPatiño-e5m
@AbigailPatiño-e5m Жыл бұрын
Boss Warren❤❤❤❤
@emet744
@emet744 Жыл бұрын
Charlie (and Warren) has a HUGE blind spot when it comes to China. It's interesting that they can sound so wise and sophisticated on so many subjects, but like infants when it comes to China. Charlie seems to be suffering from the same cognitive bias on China that he accuses others of having on everything else.
@ncprealty3844
@ncprealty3844 Жыл бұрын
I never realized until Warren added the signs to the table, that Warren and Charlie receive the questions before the meeting. For all these years, I thought they were unscripted answers. That’s really disappointing.
@sk5031
@sk5031 Жыл бұрын
You are mistaken.
@ebythebeach
@ebythebeach Жыл бұрын
why is it disappointing? you want them to think on the "FLY" at 90?
@clifftanch
@clifftanch 8 ай бұрын
People have already pointed out that what we see in Gaza is the application of AI to the battlefield. I shudder a little at the thought.
@Chatisthisrealquestionmark
@Chatisthisrealquestionmark Жыл бұрын
my favorite mummys.
@sunnyram7332
@sunnyram7332 Жыл бұрын
2 of the 🐐
@sanpietromingtu4704
@sanpietromingtu4704 Жыл бұрын
AAAmezing 🎉🎉🎉🎉🎉 Thanks 🎉🎉🎉🎉🎉
@jesseamendola8471
@jesseamendola8471 Жыл бұрын
Geico States the primary concern is profitability and it will come at the cost of losing customers . Makes sense bc my insurance just increased from 310 to 415 tpermonth for no apparent reason . I will be switching immediately , count me in as one of the the lost customers after almost 15 years
@gndnls
@gndnls Жыл бұрын
Jeffery Epstein has many freinds in here. 🤷🏻‍♂
@ayabokti161
@ayabokti161 Жыл бұрын
Peter Flaherty telling truths so they cut his mike.....reminds me of China.
@accqpqp2339
@accqpqp2339 Жыл бұрын
3:08:09
@accqpqp2339
@accqpqp2339 Жыл бұрын
3:48:32
@accqpqp2339
@accqpqp2339 Жыл бұрын
4:09:30
@shankarbalakrishnan2360
@shankarbalakrishnan2360 Жыл бұрын
Thks for being a simple billionaire❤❤
@ebythebeach
@ebythebeach Жыл бұрын
any accountability for Charlie's bullish dive into BABA a few yrs ago? Speaking of "diving"...the stock did the same!
@TheGr8Godfather
@TheGr8Godfather Жыл бұрын
Amen
@jin6000
@jin6000 Жыл бұрын
Warrens constant lip smacking absolutely kills me. Such great content in here but holy f**k it’s like nails on a chalkboard to me. 😅
@bryank5070
@bryank5070 Жыл бұрын
I find the smacking mildly arousing
@jin6000
@jin6000 Жыл бұрын
@@bryank5070 Jesus Bryan. 😂😂
@thinkpod4543
@thinkpod4543 Жыл бұрын
Lol you can’t tell his reading a scrip bc he is so old
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