Poor Charlie's Almanack is far superior.

Great video mate, a very good review on Charlie Munger.

Joing a value investment fund? Ok what are you talking about??? That is incorrect.

через месяц посмотрел - ну вот, чисто, больше не пишет

AMz K121 Well, maybe so about Munger. Nevertheless, we can learn from his experience. He didn’t always have it easy so I can understand why he wanted to be rich after his problems in life. Of course people count, too.

That’s crazy, I’m just doing everything wrong with my portfolio.

very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio

The adviser I'm in touch with is *Jude Ryan Mcdonough* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

I personally work with ‘’ Vivian Carol Gioia'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.

I can’t focus on the long run when I should be retiring in 3years, you see I’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?

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

@Dan Brooks I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

@Dan Brooks She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

Scambot

@Evan HodgeTo learn about the existence of someone I never knew about in the BH timeline is a pretty large fragment in my book.

same!

Usually inseparable with, and just as crucial as, the more-well-known founder: Henry Flagler w. John Rockefeller & Standard Oil Paul Allen w. Bill Gates & Microsoft more examples?

a year ago comment and they didn't respond yet lol this video maker never responds to chat lol

He might he’s definitely one of the sharpest 97 year olds out there

I know right?!!

@@amishparadise1924 what the hell are you on about!? There is no shame in wanting to be rich to provide for your family. It is possible to become wealthy and be a good person. He fought for his country in the Second World War to protect the people in it, he went through 2 depressions and suffered poverty. He even said that he hated a business model where someone has to fire people, that’s why he did things different. I guess you don’t even know how much they donate on charitable causes. On what basis do you say that he values money more than human life?

We never would have got to the current situation the West is in if we hadn't surrendered our manufacturing industry to the East and instead pushed our young people into aspiring to be a nation of speculators instead of actually producing something of value with their hands

@@amishparadise1924 So he scales in a capitalistic economic structure, gives over 100 million in his philanthropic journey and he is soulless? Don't confuse ambition and tenacity with a lack of empathy.

Yeah out dated to you. Everyone in our generation thinks the old way of thinking is “outdated” but the fundamentals NEVER change, never. You and the rest of our generation think working hard is outdated, you think values and morality are outdated. You all want to learn the hard way. That’s fine with me, it’ll take you longer to catch up to me simply because I focus on fundamentals in all aspects, work, family, investing, values, morals, etc. That’s why I’m in the top 20-30% of earners with only a Highschool diploma, and debt free. I have all the FREE RAM to focus on mine and my families future. You all think because we live in modern times there’s such a thing as a free lunch. How’s that student loan, car debt and credit card debt working for you? Everything I earn is MINE and my families, not the debt sharks that tricked me when I was 18-20. Good luck to ya, you don’t even know how infrastructure works, so you’re going to really need it.

@@xman666soad yeah I'm not reading your little rant. Especially when the first 2 lines are you pretending to know me. You don't k own a thing. Telling me I don't believe in hard work? I've been starting and running businesses since I was in high school. I'm a fully ticketed carpenter, landscaper, scaffolder, baker and chef. Currently own my own restaurant and operate heavy equipment at the local pulp mill. And alot of what he says is outdated cause he doesn't know modern technologies. And he's the first to admit he knows nothing of big tech.

You wrote this two years ago age of him 97 years old

@I am A smurf ever heard of rounding up? The point is the man's ancient and has accumulated more knowledge than me and the majority of people that tune in to watch videos of the man to try and steal a bit of that knowledge. The man's lived multiple lifetimes of most people.

Thanks!

😲gaarrrrrrry love your content🤗

What a pleasure! Thanks!

Agreed ... good overview and background about Munger.

Preach!

Buffett is actually a ruthless business man but cares what you think so everyone knows him as a nice guy... the revenge stories Warren has

The mid 20th century is not the same as today, they were actually middle class, today successful law firm associates are in the top of the middle class. Middle class by the way is $60k/yr-$200k/yr, keep in mind having a family is expensive and if you are bad with money you will barely have anything left at the end of the month because people are terrible at budgeting/managing money, idc if they’re making $100k/year if they’re not putting money away they’ll be poor forever.

And his dad was a congressman

Haha yeah. I had my friend did the cover for that song.

How have you studied his work? Can you give me some examples? Is it books, the shareholder letters from Wesco, etc, etc. Would love to hear about as many resources as you can give me if you have the time to do so : )

@@radigeorgiev9662 Good question! The core of it would be the book "Poor Charlie's Almanack" and his lecture on "The Psychology of Human Misjudgement". Besides that there are some amazing interviews he did at Caltech, Michigan Ross and his commencement address at USC on KZfaq. Lastly, yes the Wesco, Daily Journal and Berkshire shareholders meetings are also a treasure trove. :) Hope this helps!

@@carlolepelaars Thank you for the info, I didn't know at all about the Daily Journal. So happy to invest time into the resources, thank you for the reply : )

What your opinion in assimilating his success?

@@wardogmobius I think it is important to revisit the concepts that Charlie Munger talks about once in a while, especially when you are feeling stuck and/or confused. A lot of his concepts are straightforward, but can take quite some time and work to integrate in your daily life. I would take care to avoid the pitfall of saying to yourself "Now I know this or that, so I don't have to study it anymore". Hope this helps! :)

Once I heard him say Charlie was the sharpest sword ever built red flag flew up everywhere.

Glad you enjoyed it!

@@amishparadise1924 read his book, its not a good idea to judge someone from these business settings.

написали - счастливо женат, 5 детей, 2 детей уже имеют внуков, буржуй - с дачами на островах и в люксембурге

@@amishparadise1924 The only problem with your statement is that it appears to be totally incorrect and a soulless attempt at defamation of character without proof.

@@amishparadise1924 completly wrong, he have much less money than warren cuz he wanted to donate it all in living and watch ppl benefict wih that money, than give it afer life.

@@amishparadise1924 It's amazing how far people will go to talk out of their ass while being utterly clueless.

Thank you. That warms my heart.

This is true. The way I see it, buffet is the CEO of Berkshire which is no doubt a position that he pilots incredibly and Berkshire will miss him dearly when he’s gone. It will be be tough shoes to fill. However, I have a particular interest in Munger because the way I see it is Charlie is the architect who designed Berkshire. And Berkshire is a wonderful peice of art indeed.

The title is for marketing purposes. That is what brought you to watch It😁. By the way, he mentions Buffet in the Video.

I’m more impressed about your ability to write in such fabulous way

They wrote an 800 page on exactly what you said called The Snowball. I read it. I understand your passion towards their partnership and friendship.

The title is A man not THE man.

Thanks 👍

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This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?

I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.

I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.

That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?

The Adviser I'm in touch with is *'Nolan Velden Brent'* , He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.

😊

Hahaha

Ok Dad

она мне - к друзьям детства ревновать глупо