Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting

#CharlieMunger #BerkshireHathaway #BerkshireHathawayCharlieMunger
Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting.
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[@hawkandserpent]

18:54 spacs 22:07 treasury bubble 27:10 wells fargo 30:16 central banks vs bitcoin 36:19 costco vs amazon 44:27 robin hood 45:08 china 49:59 macro economic policy 53:34 modern monetary theory 56:38 inequality 57:57 the rich leaving california 1:08:30 tech innovation reducing circle of competence 1:13:01 singapore 1:18:17 digital economy tipping point 1:23:41 hydrogen vs electric 1:32:27 value slump vs permanent revolution in prices 1:34:28 wealth management 1:37:09 oil & gas 1:50:52 secrets of a happy life 1:54:15 final thoughts

[@suyogpatil2297]

👍

[@sevencostanza3931]

THANKS, that helps a lot.

[@willtraylor3821]

Doing the lord's work

[@MattCommins]

Thank you! 👍😊

[@sunray426]

Thank you!

[@michaelnewman1813]

What an inspiration, the man is 97. Rage, rage against the dying of the light.

[@TB1M1]

Indeed. Lifespan is 7 x puberty, Charlie knew this, as did Nathan Pritikin! Of course some people can look at their long lived parents or grandparents, or great uncles/aunts.

[@maljipadafactory8553]

This guy at his age , still answering people who questions his old statements....... respect for him

[@Xyz19781i]

TRUE

[@tyadan8430]

I no kknn

[@bateriaeletronica]

He has 97 year old my god. I want to be there also.

[@keithwisdom1663]

legend must respect for his courage- most would be in bed sleeping at his age

[@socrates_the_great6209]

"I leave my sword to the one who can wield it" What a legendary quote. Charlie never disappoints.

[@griotolu7040]

40:33

[@ikaantynytlapsi9474]

Amen

[@johnprater3981]

@Mohammed Andres no gives a damn about your spam.

[@johnprater3981]

@Brennan Chandler Mohammed's other account.

[@Coops4343]

97 years of wisdom, no filter and still sharp as a tack. What more could we wish for? A great and essential listen.

[@John-mz2te]

"Who in the hell is voting against the accountants". Dude is a fucking legend.

[@JoshMillikan]

someones always against something. lol

[@neils9420]

@@JoshMillikan Yeah it depends

[@samace8979]

😂😂😂 This had me weak

[@adriancastelli2275]

Right!! 😁🤣

[@davidvbobb7785]

He's a mind-occupier and you're definitely paying him rent.

[@seth6887]

this is so incredibly inspiring. 97 and working, that's a life goal!

[@Mrbfgray]

Indeed. Some of it painful to watch but Good Grief, at 97, and you know he's still smart.

[@seth6887]

@LetMeSeeThis99 absolutely!

[@Mrbfgray]

@LetMeSeeThis99 Not only that but retirement kills within months for many, probably most old men with 3/4 century of hard working history.

[@99btan]

Charlie Munger=yoda. It’s a sincere compliment. So wise. 97 years old . wow.

[@KarlFiner]

He mentioned Estonia at 10:25 and I was so proud!!!! :) :) :) Thank you Charlie for recognizing our innovations and ways of working

[@gergelykovacs2618]

People from Hungary also admire what Estonia achieved in the past decades. As a post-communist country it seems such a miracle to us. Though it's not a miracle but hard work.

[@alissalee1026]

“Man is too soon old & too late smart” … the 1st rule of happiness is lower your expectations

[@moneymindset7390]

Charlie Munger "Investment banking profession will sell Sh*t as long as sh*t can be sold" hahaha he's a legend

[@shaifullahfirhakim]

I’m Not Legend 😌.. But Allah Is My Legends 🤗

[@manimavuso]

The GOAT 🐐 😂

[@andrewmahoney4249]

97 year old billionaires don't sprinkle any sugar into their wisdom. should be a mandated PSA to hear this wisdom

[@DariusForoux]

Sad to see people hating on Charlie Munger on social media. Calling him an old man. It's disrespectful. Charlie Munger has given the world more wisdom than any of those haters. Poor Charlie's Almanack is a classic. And he was on fire during this annual meeting 🔥Not bad for a 97-year-old.

[@ChronicChess]

Lol times changes, he is shitting on retail investors. Why isn’t he mad at the hedge funds or hell the real culprits, congress who allowed shorting 140% to be “legal”. I haven’t seen any retail investors complaining that these “new” brokerages are not actually “free”. I guess he is just looking out for us “dumb money investors”.

[@DariusForoux]

@@ChronicChess No mate, he's trying to warn retail investors. He actually cares about you. It's your honest uncle giving you straight up advice.

[@Multi407D]

@@ChronicChess Naked shorting is illegal. Hedge funds aren't responsible, brokers and investment banks are. The only people who committed a legit crime during the whole GME debacle were the brokers. Hedge funds are generally a positive form of capitalism. Losses are absorbed by investors, and public bailouts are not considered.

[@Multi407D]

@@ChronicChess His statement wasnt wrong. I think you and Munger are making different arguments. Munger is under the assumption that retail traders are mad that they lost money, when that is nothing further from the truth. He is concerned that retail investors have turned the stock market into a slot machine where people aren't concerned with making money (this is actually really bad for the US investment market, since capital isn't directed to the highest returning asset but towards memes). Not necessarily the end of the world, but far from ideal.

[@SirLuLzDalot]

Charlie Munger is my idol. Read his books to feel inadequate in yourself. Great critical thinker.

[@thefutureinvestor]

Any recommendations? apart from the almanack one?

[@esh8400]

@future investor Atomic Habits and Awaken The Giant Within are some of the Best I've ever read.

[@TheKEprince]

Read the Tao of Charlie Munger!

[@vanahealing.11]

@@esh8400 i recently have read Atomic Habits/ Tao of Charlie Munger / Damn Right by Janet Lowe. They are way too good, i couldn't put it down. Must try another one you mentioned 😉

[@esh8400]

@@vanahealing.11 Awesome. I'm reading Poor Charlie's Almanack right now. Awaken The Giant Within is still the most Amazing, Practical and Genius book I've ever read by far. Its so Useful that it would give Einstein a mindgasm if the book existed at that time.

[@KK-bc6ok]

I can't believe he is 97 Years Old.

[@importedmusic]

Even the travelling alone is amazing for a guy his age.

[@randomrandom5146]

@@importedmusic he is evil

[@importedmusic]

@@randomrandom5146 I didn't mention my opinion of his views. Why is that relevant?

[@randomrandom5146]

@@importedmusic because sheeple here admire an evil person

[@Dk-ie4te]

@@randomrandom5146 shut up

[@MooreMoney]

Following Charlie and Buffett helped me go from growing up poor to retired at 33 yrs old. You will never see this Charlie, but...thank you.

[@kayrealist9793]

Same life results as you here.

[@MooreMoney]

@@kayrealist9793 Huge congrats!!

[@diseasefire]

Well done man! I`m not there yet but right on track! I hope i can keep going the same way

[@MooreMoney]

@@diseasefire you will get there 100% just stay on the path. I put out a ton of videos on my channel that can help you :)

[@sribadugamaharaja8104]

How long you invest in stock ?

[@saikatbanerjee9612]

The moral of the video is nobody is really interested in performance of Daily Journal .. they just want to listen to Charlie’s advices!! Which is great!

[@komil5446]

"I expect less out of banker than Warren does" 😂

[@MrNewbsikle]

Oh man how did that not get any laughs lol

[@chessdad182]

Charlie rocks.

[@guptasnotes1791]

In the times of Tests, I have found myself listening to you for personal strength. You are just awesome.

[@backt1]

Anyone who dismisses Charlie or any other elder is a damn fool. One would be wise to study and learn, what an opportunity to gain knowledge from a giant.

[@retired8484]

He's still pretty much the smartest man alive.

[@noupia792]

Why should I listen about Tech and revolutionary stocks from a man who doesn't even know how to use a freaking iPhone? Berkshire missed on great companies like Amazon and Tesla and Buffet only bought the EV stock BYD after Elon lead the way for EV, these guys should focus on Oil&Gas, brick and mortar banking and cocacola let the younger investors do their DD and invest the world is changing by the day

[@daspooch8105]

Yeah, one of the guys who has spent more time than most engaging in predatory economic practices which have led to the destruction of the middle class, the devaluation of the dollar, letting fiat be controlled by a private "federal bank" and taking it off the gold standard, and so on... these men are parasites, not "wise". The only fool, or rather "useful idiot", is you. And I'm no commie. I'm all for capitalism with proper regulation, and the men running the board on Wall St are why I'm so heavy on regulation these days.

[@jwatson181]

Munger is probably a Chinese shill. He never has condemned their clear manipulated currency and human rights abuse.

[@JeffLaRochelle]

​@@daspooch8105 if you are critical of Wall St. you can join Charlie in your criticism. He's not part of an investment bank or hedge fund or anything of the like. Just because he has been invested in the stock market doesn't mean he is guilty of "predatory" economic and monetary policies.

[@kimtruong4676]

This is a quality exclusive press conference. Yahoo Finance is definitely my new "Bloomberg". Yahoo reports the facts, not political motivation. Thanks for the objectivity.

[@lorenzmuller3542]

What's the problem with Bloomberg? They have some very interesting extensive interviews with Howard Marks, Ray Dalio, Sam Zell or others. I'd say: Avoid CNBS.

[@alexoolau]

Amazing clear mind at his age.

[@Telluwide]

Because Munger and Buffett are voracious readers.

[@buzzlightyear8896]

@@Telluwide It has not that much to do with reading. Some Nobel scientists have alzeimers at an early age. It’s 99% genes

[@118Columbus]

Diet Coke thins the blood 🩸 to such an extent that Alzheimer’s is rare.

[@marcocaru]

@@118Columbus the secret drug of Wall Street.

[@zcharg0]

It’s the diet coke

[@tongandeathgrip901]

Charlie you're a legend, a gentleman and a scholar I salute you sir. It's clear you have all your faculties intact and are as sharp and witty as you ever been. God bless you.

[@dennismorris7573]

Extremely enlightening - kind thanks for presenting this very valuable information and insight from the great Charlie Munger.

[@ncprealty3844]

The individual asking the questions, was poised and balanced, overcoming the audio issues.

[@pallas5446]

Wow Charlie Munger is awesome! He is an inspiration at 97 years old 👍

[@moonshot2738]

The greatest investor of all time. In times of uncertainty, this is a man you want to listen too.

[@allcommentsmatter6890]

hes been through all busts...

[@felipeguimaraes1359]

It's amazing how much wise and witty Charlie is! 😎👍

[@wardogmobius]

Charlie Munger is one inspiring legendary investor. A sharp old fashioned mindset in investing. It will be a sad day once he departs. My mission is to keep studying your methodology and deep wisdom in the world of finance. Best of the very best.

[@kik1034ev]

What a treasure he is to the World and all investors. Thank you so much for sharing your wisdom.

[@suberkarschten]

1:04:30 "Without the method of learning your like a one-legged man on a ass kicking contest: It is just not gonna work very well!" that comparison made my day... 😅

[@jurassic5912]

40 mins in - admitting constantly makes mistakes , every day is a school day. Still realises that at his age

[@spenser6353]

He must be close to 100 years old

[@shaifullahfirhakim]

Because For You’re 🌐🫂

[@zaggin]

One legged man in an ass kicking contest reference. Classic!

[@shaifullahfirhakim]

Not Legged 😌 I’m 👱🏻‍♂️🤲🏻

[@Treegoduo]

Only if you knew vharlie how much i admire you. I have you on my wall of influencers amd your by far my greatest hero please stay with us for anther 100 years . You keep me focused

[@samlyons6408]

The things they don’t know they’re aware of and just as happy to express, the things they know are explained so accurately and simple anyone can understand. Like Einstein said..If you can’t explain it to a 6 year old, you don’t understand it yourself and make things as simple as possible but no simpler..

[@Phlegethon]

Someone who’s this sharp at 97 is so far beyond the bell curve it’s broken it

[@Rayquesto]

20:26 Charlie didn’t water down his words.... wow.

[@SuperiorNorth]

Great video! Charlie always keeps it simple, straight to the point. He knows his circle of competence; If he doesn't know something, he says so. He has seen and experienced so much. Certainly one of the wisest guys.

[@jwatson181]

Munger is probably a Chinese shill. He never has condemned their clear manipulated currency and human rights abuse.

[@blueplanet87]

disappointing to see yahoo with 1980s caliber recording gear. Just blows my mind

[@moviemagic7481]

"You have reached the level of my circle of competence. I can't help you. - Charlie about Hydrogen Cars. This legend is blunt and brutal.

[@Ogsen13]

26:45 Diworsification - reference to another legendary investor Peter Lynch. Term coined by him in his "One up on Wall Street" bestseller.

[@chessdad182]

Thanks for clarifying that. Peter Lynch is a god of investing.

[@SergiMedina]

So good to see him, and he looks in good health! As always, he's right - you can't fight against common sense and a whole life of experience and wisdom... Thank you! Can't wait for Berkshire's annual meeting with Warren Buffett!

[@varunbhola7126]

God of investing , Charlie Munger ! what a guy he is , Age is just number this man proves this line ! may god Gives him all happiness !

[@claraclouse9086]

Stock can drop from top to bottom and still be a 60 bagger. All this in 10y. investing is a very long journey where our temperament gets tested. have to have the capacity to suffer for long periods. have lived through the examples above, naming the stock today is pointless.

[@elenagomez9890]

proper research, good analysis is what you need to make profit in this constant market.

[@Jme---]

I have tried investing but got discouraged by the constant fluctuations in price.

[@Mcdd7-_-]

@@Jme--- That wouldn't bother you or be a problem if you let a coach guide you but bear it in mind that price fluctuations is part of the market but using coach makes the difference.

[@christinadixon6974]

@@Mcdd7-_- I find myself in similar situation but mine is that i really don't know when to take profit or hold , but have you worked with a coach? what is the experience like and how can i get a good one?

[@Mcdd7-_-]

@@christinadixon6974 "Freda Lynn Johnson" is the coach I'm quite familiar, I cant disclose much but I have been working with her since July 2020 and she has helped grow my portfolio by 400%. To connect with her you have to search her name on the web that way you can connect with her on her webpage.

[@sabaa6282]

such a genius with attitude still holding high and yet no body can understand his sophisticated use of words

[@rahuldeo1203]

thank you to everybody involved ... especially Charlie.

[@matthewjackson9615]

Hands down , this was the best of Charlie. He really opened up and poured out his true feelings. He is on par with one of the greats like Goethe. He even quoted Oscar Wilde right off the cuff without missing a beat. I was impressed, he is well read , very experienced and extremely sensible.

[@chessdad182]

I am guilty of "deworsification" LOL. Enjoy Charlie's wisdom. He could write another book with the content from this video.

[@tomr6955]

Lol easily mistaken for diversification spoken in an Indian accent

[@davidcarmichael2830]

Many of us guilty of it, but many more will learn from us 😂💎🙌

[@karanlakhwani7173]

He said "DIWORSEIFICATION" he took it from some one.That someone is = MR.PETER LYNCH

[@crepituss9381]

@@karanlakhwani7173 No. That 'someone' is John (Jack) Bogle - who predates Lynch.

[@karanlakhwani7173]

@@crepituss9381 Nope. Read the book "One up on wallstreet"

[@justinbeghly1435]

We need Becky Quick

[@DanielBlakeInvesting]

It’s refreshing and rare to hear an investor of Charlie’s age and ability admit that a question is too hard for him. So many talking heads on the financial news think they know everything, including these get rich idiots advertising on KZbin

[@mydutube]

Tesla question is at 43:41.

[@Maurits19]

Thanks

[@jiezheng2967]

Maybe Bitcoin is not worthy, but surely Tesla worth at least 100bil.

[@yogiyoda]

Funny quote, but he needs to stick to his circle of competence. These dinosaurs have missed out on so many incredible technology opportunities. Why do they even comment on tech stocks?

[@davidkuang8764]

@@yogiyoda BRK's largest holding is Apple, which they made over 50-60b on lol. They also would've owned microsoft if they weren't friends with Bill Gates. Tesla is a fucking joke, just sit back and watch it tumble.

[@yogiyoda]

@@davidkuang8764 - BRK bought APPL in 2016 LOL. Where were they the previous 36 years. BRK buying APPL is a sure sign it will start it's inevitable decline. Since Jobs passing APPL is a "day two" company, as Bezos would say. Look what happened to IBM when these dinosaurs finally bought it. I can only prey TSLA stock falls further so I can buy more on sale. These guys need to stick to buying colored sugar-water stocks that make America fat. Or maybe double down on more oil companies that harm our environment

[@TheCameltotem]

What a legend

[@kyleoren6523]

100% wisdom, clear and concise ❤ THOUSANDS of dollars worth of life advice from Charlie!

[@mikewalters]

Hard to not like this guy

[@astrittollovina5807]

Listen to Charlie and then go to CNBC to listen to other investors. You'll immediately realize they don't know what they are talking about.

[@stevekim1755]

14:30 - The legendary Adam Smith asks Charlie a question

[@cjreb6646]

I thought charlie going to crack a joke about adam smith like "capitalism rule dude" haha

[@korkkorgh]

Wow You're a real GEM. Thank you SIR.

[@guitarhero0000]

"They needed totalitarian methods." He would never say that if he was one of the millions who have been tortured or died due to totalitarianism. I've never heard something I disagreed with Munger more on. Almost an evil statement. No one should be under a totalitarian regime. God bless him

[@radigeorgiev9662]

It seems like you weren't born in a country that took part in communism. Mine did, it had this regime of no free speech and the regime worked way better than capitalism has for the last 32 years. As he said, not every country is the same. And what works for China and what worked for Bulgaria isn't for everybody else.

[@yoshtakeuchi]

1:09:53-1:11:05. Golden advice!

[@kylek8956]

Know inconsistent data and be better at explaining arguments against your view than your opponent, then can qualify to speak. Speaking will pound in own view but he accepted these damn annual meetings. He is otherwise quiet. We do wish he speaks more and fortunately he likes a few of us groupies.

[@georgevan2606]

He is still with us! He is one of the treasures of our nation.

[@HaedenBeck]

Anyone know if we're going to get another Ask Warren show this year with Mr. Buffett?

[@harvey199813]

Always speaking truth!!! Simplistic Legend!!! Charlie Munger!!!!!

[@grneal26]

Great interview

[@Mike-vvwvvwvv]

At 97 Charlie Muncher is still working. Amazing!

[@geraldinkster5258]

How are commission free investing platforms such as Robinhood or not actually free ? Where do they take the fee from ? I use trading 212 is that free or the same as robinhood like I’ve been told ? 🤔

[@amithkumar4779]

All the trading platform sell the data of all the investors to big corps..

[@lorenzmuller3542]

Thank you for continuing to share your thoughts, Charlie.

[@tomchips8297]

1:40:40 Benjamin Franklin always makes the ladies smile even centuries later lol

[@gcastroism]

Charlie Munger says regarding BYD : “i don’t have a system, I just learn as I go” why can’t the Robinhood crowd learn as they go aswell?

[@bokuden693]

Degenerate gamblers don't learn, they just loose.

[@gcastroism]

@@bokuden693gamblers yes. But not all the robinhood crowd are gamblers. Also the erroneous believe that you pay for the trade anyways because you are getting a worst price for a stock is so nonsense. Not paying commission allows you to buy it at the price you selected. All u have to do is be a few cents more patient b4 jumping the gun. But I. Ever worry about it because I always get the price I select with a limit order. With commission trades u pay no matter what. I am not a professional. It have learned as I go with rh and my investment has improved tremendously specifically by not having commissions. U make better decisions and I have more than doubled the sp500 for the last 3 years.

[@Shvabicu]

@@bokuden693 wall street are professionalized degenerate gamblers. they lost in 2008 and got bailed out, so you're wrong.

[@bokuden693]

@@Shvabicu the money they inject into the economy is a tool and that tool is loosing its effectiveness slowly. Sure they'll pull on for now, but it won't last forever.

[@elysianfury]

omg TWO HOURS with Charlie!!!

[@jurassic5912]

20 minutes in. SPAC’s - I think the investor shirt lifting CCIV LUCID valuation debacle doesn’t bode well for the future of SPAC’s . They may well only value on intrinsic value from now on - ie usually $10 until they actually have a product or deal

[@abbottmd]

they actually should trade for LESS than $10 due to the underwriting fee and the management fees (and possibly a discount for risk of a bad deal). Their NAV starts out below $10 starting on day 1.

[@shaifullahfirhakim]

$0.300

[@Deethreeful]

thank you very much

[@SandyJohnson-ur6xi]

Best two hours so far this year.

[@samanthariccardo1430]

about short squeeze @6:05 "...dirty way of making money and we are crazy to allow it"! Charlie rocks!

[@LicoInvestments]

Words of wisdom.

[@EgorSebastianBach]

That’s what I need in life👌🏼👍🏼 Thank You Mr Munger.

[@andyw6996]

What, another racist white male dispensing "wisdom"? smh...rofl...lol...etc. etc.

[@zachjames3588]

I am very great-full of seeing such composure in mind it’s a lesson I could never pay for in money

[@jamancity5564]

What an amazing old guy Charlie is! Thanks Julia, I thought you handled the interview/meeting really well, ❤️ from Australia 🇦🇺

[@tobeyandropolis6890]

Agree.

[@shaifullahfirhakim]

😌

[@hetpatel1790]

Play at 1.5x speed!!

[@isoSw1fty]

Very wise man and very respectable. A good role model for any serious investor.

[@joshuawang8300]

can someone share from which part is about bitcoin?

[@octhx]

23:41 Stocks at high P/E 32:32 BYD

[@divyjain123456]

44:10 Mic drop !

[@WorldwideJamal]

Charlie was not playing around. He went off!

[@noupia792]

Charlie should shut up when it comes to the tech sector, these guys don't even know how to use a freaking iPhone

[@shmulikber]

@@noupia792 And yet they're insanely rich and you're a random anonymous nobody ranting on the Internet.

[@ckv60]

@@noupia792 Awful spammy Guy!

[@noupia792]

@@shmulikber yes I'm a random guy 21 years old and I'm following the steps of disruptive investors, I follow buffet when he talks about the economy and value stocks like Cocacola or rhe Energy sector but he should shut up when it comes to tech or any disruptive stock cause he has no idea how any of them work, they just stopped using a freaking flip phone not too long ago.

[@tongandeathgrip901]

@@noupia792 ... Typically you know everything cos you can use a piece of tech that my 4 year old uses... Charlie is one of the world's richest men and has true wisdom and knowledge that applies to finance. But you keep playing Candy crush over there Einstein.

[@notzachpowers]

crazy how he is still going, awesome

[@user-ve9zz3mp8c]

I always learn a lot from you. Thank you.

[@worldtravel4973]

Thanks

[@BuonoBruttoCattivo77]

This man is a treasure

[@lionsden3437]

6:00 GameStop short squeeze 44:26 Robinhood

[@KozPreston]

As soon as I told myself I was not going to be drinking a Coke today because I ran out, Charlie goes ahead and puts one in front of him so had to go to the store to get more... it’s the little things these guys do.

[@BarkingSpider464]

Thank you for buying more Coke!

[@kingkevykev1342]

Such a wise and self aware man!

[@Longtack55]

Yes, and he made some facetious remarks about AOC and others whom he knows nothing of. She has a degree including a Minor in Economics and the old fart said that she wouldn't have heard of Keynes. He's a reactionary old prick and he should confine his spoutings to his knowledge.

[@kingkevykev1342]

As a elder to a nation they deserve the rights to be reactionary to a young smart but inexperienced AOC, She has achieved a lot at her age but what has she done that makes you so passionate about her? I'm just curious

[@Longtack55]

@@kingkevykev1342 Charlie explicitly said in a derisive and dismissive tone that she "wouldn't have heard of Keynes." He should stick to his knitting or a least do some research before bad-mouthing someone to whom he presumably is a political opposite.

[@kingkevykev1342]

@@Longtack55 Was he wrong? Or are you just mad he didn't say what you liked? (you also never asnwered my previous question lol)

[@jtothefx]

Munger, what a legend!

[@randomrandom5146]

he is evil

[@superbulletChinese]

Such a wise man and great human being.

[@matthewpourroy1342]

I may sound stupid but I’m really curious, is Charlie correct by saying Robinhood’s trades aren’t really free?

[@iFreeThink]

ISTX people just are higher-Tiered. Always extremely memorable and/or more reliable as managers. You don't have to end up with an ISTX, but it's how everyone typically gets started (in my opinion).

[@andrewcowin3815]

"Diworsification" is credited to Peter Lynch But I believe Marty Whitman used ti first.

[@amirjon]

oddly enough, Lynch was quite diversified.

[@aidankennedy9686]

@@amirjon If memory serves me, Lynch used it to describe the actions of a business e.g. Coke buying wineries, not an investor.

[@amirjon]

@@aidankennedy9686 ah the pre-Roberto Goizueta years. I believe you're right!

[@InversorExperto]

Great investor

[@qualm43]

lol, this genius being asked questions about meme stocks is like asking a tenured law professor for their opinion on Justin Bieber.

[@shimmerz555]

@1:16:00 what investment firm is he talking about

[@zachjames3588]

every human in themselves has the opportunity and more than I would say less . I am just adding to Mr Munger explaining the importance of our self duty and what the market can provide if you are risking more than your return for the knowledge of understanding

[@alexeykulikov2739]

what is daily journal?

[@ValueInvestorsArchive]

Always great to hear from Charlie Munger

[@User-du7kf]

Totally agree on his views regarding Tesla, BTC and SPACs.

[@SergiMedina]

Me too! I think everyone who has some intelligence and isn't into speculating/betting does...

[@MoCsomeone]

The world is changing. The people have options that don't involve centralized banking. 3rd gen crypto is going to decentralize the internet and financing as a whole. Boomers will be left in the dust. The millennials and gen z will be fully on board with this. They will make up 78% of the workforce very very soon. Boomers are all retiring soon. This will be the future whether you all want it or not, you won't be consulted about this. The tcp/ip internet protocol and centralized servers are simply outdated and obsolete and very very very very very very unsecure. We know this, we also actually understand this on a level you simply apparently refuse to acknowledge. You could even say we overstand it. You guys don't, like at all, ignorance is okay guys. But denial of willingness to understand when confronted by your ignorance is not. You need to learn this, you need to understand the technology at least at a basic level. I understand your overall reluctance to it and even fear, apathy, lethargy, and hatred of it. But it's going to be better and it will happen. Check out what cardano and polka dot are. Do your research. There are many youtube videos explaining simply what they are. Do your due diligence. The gmestonk thing is proof your system is a rigged unsecure game controlled by .0000001% of the world's population. And we don't have trust in the system whatsoever on every single level. That's why an encrypted, decentralized, secure internet with open source protocols that are unhackable, yes crypto currency will be the future unequivocally. Unless you die within the next 10 years, you can't really afford to ignore this stuff guys. You will see the people using a system and not caring what your .000001% ultrawealthy believe their fiat is worth. Y'all can exchange your paper money with each other, we won't care, we will not need to not want to participate, we will be using a new internet. You can get scammed on facebook, have fun... The rest of us will be trading our ada and dot, buying and selling on the new internet. Fiat money only means something because the people as a whole that believe it equals something of value. It's a social societal construct and contract. We have smarter contracts than that now lol pun you don't understand is intended lol. Something has value because society agrees it has value. What happens when most people think it's worthless inflationary paper printed garbage and that 80% of the wealth is in the hands of 1% and simply put, this game of monopoly is over and we aren't just going to keep hoping we can pass just pass go again and not go bankrupt every month? Naw, were gonna start our own game that isn't a rigged game that only the bankers win. Have fun with one. This system is no longer serving anyone. It's only turning everyone into servants of the 1%... See 3rd level crypto is a deflationary model. It cuts out all the middle men as well. It gives everyone full secure control of their information and currency. It removes the unsecure 90's internet protocols that were still using today for some stupid reason. It makes it all open source and encrypted and decentralized, yet each individual has 100% control of their own information and currency. It also will easily allow integration with governance. It allows for easier and faster more secure everything. Literally everything. Alits all peer reviewed by the best of people from around the world in multiple fields. This will be the future whether you like it or not. There's already a nation state that's going to be going to use cardano. Also Africa in the next few years. This will steamroll to a billion users before you know it. There are 1.7ish billion unbaked people on the planet. The younger generations that have spent their life feeling more connected to each other than to the boomers running their respective countries... This will not go away. It's attractive to businesses, governments, and most importantly, the people. Crypto is the future. It's the internet 4.2 lol and y'all like b b b b but the (new) internet is dumb (again). No one is going to use it! I guess tl;dr OK BOOMER

[@SergiMedina]

@@MoCsomeone You said it, my friend: do your research. I don't think you've done enough of it, you've just fallen for the story, the narrative, the scammers like Elon Musk, Cathie Woods, Coinbase and many others.

[@MoCsomeone]

@@SergiMedina ok boomer

[@SergiMedina]

@@MoCsomeone I'm a millenial (just an intelligent one), but whatever you say, dude! You cultist dumb money drones always say the same... Your astounding stupidity doesn't let you listen and learn. Have a nice day.