Charlie Munger on how business should be taught

Рет қаралды 37,132

3 жыл бұрын

Пікірлер: 45

@zulfimohd2490 11 ай бұрын

This is a strong friendship there between these two men. Charlie laughs hard at the joke and buffett doesn't look at his friend concerned because he knew Charlie would take it in right spirit.

@Fj8282haha 11 ай бұрын

Buffet: I predict Charlie is gonna talk ab costco( his only best bet) . Charlie: Costco….. 😂😂😂😂😂😂😂😂😂😂

@CP-wo4ou 11 ай бұрын

Longest laugh from Charlie. 10/10 on the joke 😂. Wise words from both as usual 😊

@Hierosir 2 жыл бұрын

I fucking love these two friends.

@swamibr0 11 ай бұрын

Funny enough, they’re not actually friends. They’re just cordial. But if you ready about them they hardly ever speak.

@twistedspine7300 11 ай бұрын

@@swamibr0 i think that's actually the mark of the best friendships. i have friends i only talk to every few months and we go back 20+ years and are very close.

@MNSTgrowth Ай бұрын

Despite all the years Charlie praising costco, buffett never bought smh 🤦

@eddylauterback1312 11 ай бұрын

Charlie says more with less words than Warren.

@neilvarghese6115 11 ай бұрын

I love Costco more than Charlie. Never can get enough of Costco

@k54dhKJFGiht 11 ай бұрын

Costco kicks butt!!

@Fj8282haha 11 ай бұрын

Buffet, once public speech crash course direly needed is best sitting talk show host!

@MrMajani 10 ай бұрын

This is like if Statler and Waldorf from The Muppets came to life

@yashagar4443 11 ай бұрын

I love this

@DrJohnnyJ 11 ай бұрын

That is the way business is taught in top MBAs. It's called the case method. However, showing cases isn't enough. You need to put the student in the shoes of GM and ask him, "How do you get out of this trap when the board and the unions insist that this trap is a great place to be". For undergrads, I teach mechanics: set up a webpage, how to run ads, etc.

@imelnyk5210 11 ай бұрын

He is not speaking about one or two cases, he is speaking about hundreds of cases. "As far as I know there is no business school in the country that's yearning.." "That is the way business is taught in top MBAs" It's very naive of you to think that the person who spent his life talking to people from those MBA schools does not know how are they taught. He wants a generic study of hundreds of companies. " For undergrads, I teach mechanics: set up a webpage, how to run ads, etc." That's cool. How much did you earn yourself by doing this?

@mantykarhu 11 ай бұрын

😂 Teaching monkeys how to setup a website selling and marketing bananas. That’s training grunts, not leaders.

@imelnyk5210 11 ай бұрын

@@mantykarhu I mean let's be honest: knowing how to do those thing will be beneficial for the future leader. "Software is eating the world" and marketing is also super useful. Note that some ecommerce folks earn millions of dollar But I mean, I would not allow myself to critic Munger either way.

@blessos Жыл бұрын

Does anyone know of any books that contain the types of things that Charlie is talking about? Histories of many different businesses and their successes and failures?

@tomdallas3690 Жыл бұрын

You should start with Poor Charlie's Almanack, the Wit and Wisdom of Charles T. Munger. You will learn more from that than other other book(s) about successful businesses.

@blessos Жыл бұрын

@@tomdallas3690 I've read half of it but it's mostly general principles/advice which are correct but I feel are (un)common sense. My background is in mathematics and science and I am looking for more business specific knowledge. Esp history

@tomdallas3690 Жыл бұрын

@@blessos Be careful of looking for formulas. You can compile your own business history, as most have an understandable narrative. Start with going over the DOW30 for the past 50 years. Understand that most people cannot judge reality. How many got rich with Microsoft, Google, or Amazon. Heck, Exxon is the number one stock in history.

@anthonysteen56 11 ай бұрын

“Billion Dollar Lessons” and “The Outsiders” and looks like “the wisdom of failure” and “how the mighty fall” might fit the bill

@blessos 11 ай бұрын

@@anthonysteen56 Thanks! Will try them!

@willemvandoesselare7959 11 ай бұрын

Shoot me first !

@tomdallas3690 Жыл бұрын

Munger keeps looking for Buffett to say something but Buffett just wants it to end.

@learn5229 11 ай бұрын

😂😂😂

@theJasta 2 жыл бұрын

What graphs is he talking about?

@stuartmidgley1 2 жыл бұрын

ValueLine - an long-standing American financial statistics service with a unique way of graphing securities financial data. In another clip somewhere they talk about the value of the historical ValueLine graphs - Buffett has kept his copies going back decades. (Although they also say to ignore the other part of ValueLine, where it uses the graphs to then make investment predictions).

@realbobbyaxel 2 жыл бұрын

@@stuartmidgley1 underrated comment. Thanks bro

@swamibr0 11 ай бұрын

Meritocracy and ethics. Those are just tools of the oppressive patriarchy 🙃😊

@luaaizamil 11 ай бұрын

How is meritocracy a tool of the oppressive patriarchy?

@swamibr0 11 ай бұрын

@@luaaizamil sarcasm

@luaaizamil 11 ай бұрын

@@swamibr0 good one😆😆

@mantykarhu 11 ай бұрын

Because the patriarchy is meritorious.

@uctuyen5723 19 күн бұрын

I dont understand the joke can anyone help me pls

@Ricobaca Жыл бұрын

I never been to Costco

@SenorJuan2023 10 ай бұрын

LIke number 500

@tomdallas3690 Жыл бұрын

Buffett obviously has a problem with Munger always mentioning Costco, and it is the closest he has come to criticizing Munger. Of course he does it in a way that is not harsh, but Buffett has heard enough of it through the years.

@amythomspon956 11 ай бұрын

I think it’s a joke about how much munger loves. Don’t take it to serious.