#CharlieMunger #BerkshireHathaway #BerkshireHathawayCharlieMunger
Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting.
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Then the rich got richer and the poor got poorer
I competed with the Chinese on industrial work their workers would work for $0.50 an hour how do you compete I guess they were brilliant because there were so many Chinese starving to death at work for that wage
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100% wisdom, clear and concise ❤
THOUSANDS of dollars worth of life advice from Charlie!
Charlie reminds me of the late great Peter Drucker. Common sense with an understanding of history and ocean-deep wisdom.
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 !
💎🙌
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Okay
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AI programs will never outtrade better the PEOPLE Mr Chairman!! Goldmansach is TOASTE!
TIME STAMP 30Min-35mins
NO we dont buy Bitcoin… Oh we buy china stocks… yeah its great we make so much money!!!! yeah we had pay high tax though on our
10000%s of gains…. BAHAHA!! I cant listen to these GUYS!! not even American STOCKS LMFAO… He likes this STOCK and we admire it… Sounds like Mainstreet Reddit! LMFAO!!! These guys are crocks!
for 97 years old, still working and serious, this guy is leegnd
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Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting ASMR
how a newspaper cant find a person who can read simple sentences?
Criticism of China today is nothing new,
there were Americans in the 1930’s who were bashing Japan
as being barbaric and not respecting human rights and freedom.
Play at 1.5x speed!!
Perfect
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Robinhood trades are not free, but for a small investor that previously had to pay $5 to $10 every time they wanted to make a $100 stock purchase it is basically free. They lose out on a few fractions of a cent instead of a $5 to $10. Are those investors making good purchases. I don’t know, but people need to ease up on the robinhood hate.
Just the same way I saw testimony of how Austin helped a man make -$50,000 weekly Profit I tried now am also sharing my testimony with over,$10,000 from the company thanks for the good did she has done for me for this short period of time
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L
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Way too old to be giving financial advice. I’d never listen to his most recent outlook on investment. Charlie is One old fart
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Charlie doesn’t mind a “little inequality 🤡
Can anyone explain when he said a growing economy needs poverty in order to get out of poverty? Is that like people will have more incentive to be more productive because they are poor so it drives the growth?
Yes sir
Play safe you sir and warren buffett we vice president running safe your company, Insurance’s industrys professionalism members,but percent not same?
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examination
power of debt free nation
stocks bonds creation
no hard feelings charlie, I lerned lots from you
~(*__*)~
I like this guy’s personality. He calls out all the evil crap going on.
Munger is wrong about not being concerned by who gets richer faster. The wealth disparity has grown for decades. How can you ignore that?
What he said about China not allowing free speech was EXTREMELY distasteful and lacked morale
My hero! CM!
Someone who’s this sharp at 97 is so far beyond the bell curve it’s broken it
45.30 CCP asks a question
..
alibaba
I could literally listen to Munger all day, oh wait, ….I have.
The students of this man are my fellow padwan. We all recognize our white Yoda.
You can tell Charlie is slowing having enough of the same questions to which he replys again and again with the same answer. I guess he thinks what u do, changes who you are. And instead of asking the same questions in another way over and over again, why don’t you get a book(Adam Smith, etc) and find the answers yourself.
Ask him something interesting like how do u know” what u are made of”, and how he thinks he would behave in an envoirment which is unfriendly and hostile? Where a battle for survival takes place, like a forest 9000 years ago, while he is at age 17, 18 I think he would find that amazing as a question.
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
All thanks to klaxonstools. They got me huge amount of money from their service
AMC to the moon! 🚀🚀🚀🚀
Really only 290k people wants to hear this pure wisdom. I suppose millions watch a new netflix movie when it comes out. Well that’s why a very few achieve his/her dream life.
🥰🥰🥰
“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.
adam smith isnt there charlies like to invest and make easy money in china then theres the fentinal that comes from there even sent in the mail its not all about money
somebody take him to icu
Wise, but are you really that without honesty? Charlie is a supporter of coca cola, who deploy the most dishonest, intrusive and manipulative social science, in order to sell toxic water. A company so greedy, it basically started with the ambition to earn money out of all the water in the world. It was just a matter of making it toxic, addictive and unhealthy; then earning a profit on it. The man is a hypocrite. Just like buffett. None of them understand crypto is not a currency, but an infrastructure asset class. In the future, as another man said, people will marry on the block chain. Wait until the reckoning, when people actually realize the dishonesty of current currencies.
Dont mistake charm and eloquence for wisdom
THIS GUY HAS NO FILTER…. AHHHHHHHHHH HOW CAN I LEARN THE WISDOWM OF MUNGER
I feel like the start she had to really figure out when he was finish talking hahaha that would be sooo tough
26:40 Peter Lynch says “Deworsefications” for companies with excess cash going into rapid and unrelated acquisitions instead of buying back shares or increasing dividends !!
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!
What’s all this list of directors for??… He reads the votes and is a clear favorite.. like a boss.
lol, this genius being asked questions about meme stocks is like asking a tenured law professor for their opinion on Justin Bieber.
Corporate communists
so what do wise people do to avoid the bubble?
This women is great !!
The guy is 97 and is mind is sharp as a sword IMPRESSIVE
If Deng did not alter China governmental philosophy in 1980….it would be no different than N. Korea today. Without the hard work of the Chinese, the opening of Western universities…AND… Western investments….China would still be impoverished….its civilization imploded.
“Modern China” started in ~1980, because of the West investments (and loss of intellectual properties, loss of manufacturing bases in the West) in China; allowing the best and brightest Chinese to attend Western Universities.
‘Modern’ Chinese billionaires only exist since ~2005.
Pre-1949 wealthy mainland Chinese, unless they escaped to Singapore/Taiwan/HK…are executed by the CCP (Chinese Communist Party). You won’t find ‘old money’ in Modern China.
Too early to say no death tax in Modern China is a good….or bad thing….since Modern China billionaires have NOT die yet.
Soviet-influenced CCP gained power in ’49….because of huge income disparity, colonial imperialism, the ‘Red Scare’ of the US State Dept in 1946 and inability of the Chinese to adapt to changes (military, economics, societal, governmental philosophy) from 1600 to 1949.
There is a death tax in China. Piss off ranking members of CCP… then Internal Security will bill the surviving spouse/family for the 7.62×39 bullet used….and all the deceased assets will go to the CCP. Plenty of ancient/Modern Chinese billionaires had paid the price.
Respect China for what it has achieved, but the verdict is still out as to its sustainability…or its governmental model for humanity.
America transformed itself over and over….and thus, I invest in America. New blood, new thinking and societal changes are needed for each transformation….otherwise America becomes like Old China.
“I am ultra-conservative. Thus, I am a liberal” Jon Bogle
Big brother has to help little brother. Little brother has to learn from big brother.
I d rather being broke than like this zombie
he’s fricking 97 almost 98 . do you expect him to be as energetic as teenagers or kids??
Why can’t she read these questions concisely? Don’t they prescreen these? It’s sad.
Thank you for continuing to share your thoughts, Charlie.
97? Really? He is 97 years old?
about to be 98 at january 1st
yes he is born on january 1st
Charlie never fails.
Mr Munger you’re knowledgeable
Mr. Munger if you read these comments. I want you to know that you are a great person and may the creator bless you and your seed upon the earth and in heaven. You and Mr Buffet are a blessing to the people.
the first question starts on 3:53
Huh?! Is that the best person you could find for the job?! OMG!
Alibaba ✅🚀✅🚀✅🎉🎈🎈
What a balls you need to ask charlie munger if he is going to put bitcoins as assets on daily journal’s balance sheet
Maybe someone’s relative (maybe German) was Rank-#70 on Codewars,
but it doesn’t involve the mentioned “660_for_CR.”
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).
I’ll even have non-Chinese supervisors.
I thought it’d be
– Trevor or
– Travis.
Someone wanted information on “Aufbau.”
Like K-aufbau could be a real surname.
Ouch. That’s like “I forgot about kids who quit school for work.”
Maybe a bunch of possessors quitting.
Because Ray Dalio went through what I did (with the advice),
and Peter Robinson was extremely good in the past.
I just want to drag people (like foreigners) to Democrat Nation.
Because two of Lucifer’s possessors liked me,
so I think the Dalio possessor was actually a real person.
He mentioned something that brought up Luso-Brazilian-blooded, Vietnamese-like Italians
(but Italian, so not Costa-Rican, so assume another blood mixed in – which doesn’t guarantee origins from Macau).
Maybe assume actual, Italian blood
(to look Italian over Costa-Rican).
That’s fine.
STEM needs more competition.
I don’t automatically understand what INFPs are doing.
So maybe an INFP shouldn’t be with an INFP.
Like they overthink or freak out or something.
“Please explain the UK’s investments.”
When Bill Gates talked about robots paying taxes,
it was a real, political issue.
Everything matters…
Not everyone could drop out of college and end up innovative.
That’s fancy.
Like a self-taught whatever.
What I remembered about “majoring is what people expect,”
that means a mentor/program/experienced_people thing
should be in-person.
But people didn’t stick with me.
I don’t know what happened…
Like they’re hired by the real people who set expectations and lectures.
Or just have fake children people could possess/technology_identity_theft.
First thing First thank you Mr Munger
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
I am very great-full of seeing such composure in mind it’s a lesson I could never pay for in money
You must find what your view is or what you are willing to lose when you are ready you should see , as it could take lifetimes to see a change in what you fall to not read or listen or see
Thank you Sir
That’s the quality in their practice
01:09:18
Fix what can be fixed and what can’t be fixed, you endure.
– Charlie Munger 2021 Daily Journal Meeting
23:41 Stocks at high P/E
32:32 BYD