Berkshire Hathaway VP Charlie Munger on investing

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CNBC Television

CNBC Television

Күн бұрын

CNBC’s Becky Quick sits down with legendary Berkshire Hathaway Vice Chairman Charlie Munger for a one-on-one conversation after the Daily Journal Annual Meeting in Los Angeles. In a wide-ranging conversation and his usual no-holds-barred manner, the 95-year-old chairman of the Daily Journal gave his thoughts on whether he thinks the golden era of investing is over, the current state of party politics, his take on the buyback debate, trade tensions with China, and the life advice he abides by.
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Пікірлер: 748
@ChristopherAbelman
@ChristopherAbelman 24 күн бұрын
Dividends are great. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
@HildaBennet
@HildaBennet 24 күн бұрын
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
@PennyBergeron-os4ch
@PennyBergeron-os4ch 24 күн бұрын
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
@JosephineKenney
@JosephineKenney 24 күн бұрын
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
@PennyBergeron-os4ch
@PennyBergeron-os4ch 24 күн бұрын
‘Sharon Lee Peoples’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@JosephineKenney
@JosephineKenney 24 күн бұрын
I searched her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
@brianpaul21
@brianpaul21 5 жыл бұрын
She is, hands down, the most complete interviewer of people like Charlie and Warren. She gets it. She knows when to speak, when to listen and when to laugh with them. She is beyond brilliant at what she does and I’ll eagerly click on and watch anything she is a part of.
@thomas8421
@thomas8421 5 жыл бұрын
Except for when she talks about Tesla something in her changes maybe she is friends with some big shorts
@seanjentsch9170
@seanjentsch9170 5 жыл бұрын
Her opening comment about thanking Charlie to sit down with them today was pretty rude since he's already in a wheelchair lol Charlie even gave her the you dumb bitch expression
@SammyCee23
@SammyCee23 5 жыл бұрын
She is sexy as fuck too
@StephenDoty84
@StephenDoty84 5 жыл бұрын
I wanted to bash her after the malicious way she questioned Trump years ago, but she's redeemed herself since...
@theflaca
@theflaca 5 жыл бұрын
Her looks don't have anything to do with your comment do they?
@Bmayo27
@Bmayo27 5 жыл бұрын
Such a wise man. The world need more Mungers and less Kardashians.
@ggrthemostgodless8713
@ggrthemostgodless8713 5 жыл бұрын
My god, you are so wise ----stating the super obvious. But anything people-wise is better than the Kardashians, so that isn't saying a lot. It is just a truism that after you make enough money to stave off hunger or debt, very little changes with more money... so few people REALLY, DEEPLY KNOW this fact, that Munger becomes such a light into that world, most have no idea, NOT REALLY, why the super rich give away their money. Which is why I personally detest the middle class, they are too obnoxious and close to the bottom to understand the poor, and too far from the top to know how to be decent human beings, they are extremely insecure on both ends ---psychosis ensues, is inevitable.
@strattus99
@strattus99 5 жыл бұрын
maybe if you need fewer kardashians in your life...maybe youre the problem...
@thatsamuellu
@thatsamuellu 5 жыл бұрын
Then what are you expecting all the walking people to spend their time?
@lukelatin
@lukelatin 5 жыл бұрын
I agree. But the world wants more Kardashians than Mungers.
@TheBigdan210
@TheBigdan210 5 жыл бұрын
World needs more Becky Quick’s too!
@RebuttalRecords
@RebuttalRecords 5 жыл бұрын
Love this interviewer. She knows the right questions to ask and she listens.
@KarelBeelaertsvanBlokland
@KarelBeelaertsvanBlokland 5 жыл бұрын
It's rare to see an intelligent journalist interview a smart investor in the USA in such a way ..... Chapeau!
@StephenDoty84
@StephenDoty84 5 жыл бұрын
It is rare. Where have you seen it?
@georgiawoolley3204
@georgiawoolley3204 3 жыл бұрын
"They can't really do more of it"..and here we are, a year later...
@worldshaper1723
@worldshaper1723 5 жыл бұрын
God damnit we are lucky to be able to hear this advice for free.
@EgorSebastianBach
@EgorSebastianBach 4 жыл бұрын
In my opinion ,Munguer destroys all the famous Gurus together.
@Muzammil.S
@Muzammil.S 5 жыл бұрын
Secret to a long and happy life? 28:30 "You don’t have a lot of envy You don't have a lot of resentment You don't overspend your income You stay cheerful in spite of your troubles You deal with reliable people You do what you're supposed to do" --Charlie Munger
@Muzammil.S
@Muzammil.S 5 жыл бұрын
@Will Chou Corrected, Thanks.
@Muzammil.S
@Muzammil.S 5 жыл бұрын
@Will Chou CNBC article says "cheerful". www.cnbc.com/2019/02/21/95-year-old-billionaire-charlie-munger-says-the-secret-to-a-long-and-happy-life-is-so-simple.html
@reachbinnie
@reachbinnie 5 жыл бұрын
Gold
@SammyCee23
@SammyCee23 5 жыл бұрын
Simplest ideas are always the greatest ideas.
@socrates_the_great6209
@socrates_the_great6209 4 жыл бұрын
True Wisdom.
@basti1993x
@basti1993x 5 жыл бұрын
Makes me very sad to see him in a wheelchair... We can't afford losing someone like Charlie. I highly recommend reading poor Charlie's Almanack.
@JeffreyGillespie
@JeffreyGillespie 5 жыл бұрын
I mean, the man is 95. It's inevitable that he's going to go into decline at that age. We're lucky to still have him.
@nickfleming3719
@nickfleming3719 5 жыл бұрын
First of all Auto blipper, that's ridiculous, there's nothing immoral about wanting someone to live longer. Second, Sebastian, before this century is over, the disease called senescence will be cured. And your sentiment is exactly the reason I've dedicated my life toward that cause.
@Alphahydro
@Alphahydro 5 жыл бұрын
Sebastian, I logged in to say the exact thing. I was bothered seeing Charlie in a chair.
@ThisisJohnWilliams
@ThisisJohnWilliams 5 жыл бұрын
amazing book
@dogestranding5047
@dogestranding5047 5 жыл бұрын
Wow, I never realized in this interview that he was in a wheelchair. I look him up everyday to check on whether he's still alive or not. I hope he makes it past 100.
@sedditguy1836
@sedditguy1836 4 жыл бұрын
*Life Advice by Charlie Munger* 1. You don't have a lot of Envy, Resentment 2. Don't overspend your income 3. You stay cheerful regardless of outcome 4. You Deal with reliable people 5. You do what you're supposed to do
@ArturoGarzaID
@ArturoGarzaID 5 жыл бұрын
"No man ever steps into the same river twice, for it's not the same river and he's not the same man." - Heraclitus (Greek Philosopher). Charlie and Warren are my heroes.
@timdoyle6480
@timdoyle6480 5 жыл бұрын
Charlie Munger is a national treasure. Kudos to CNBC for streaming live the DJCO meeting and to Becky Quick for interviewing him afterwards.
@tommasofaoro3278
@tommasofaoro3278 5 жыл бұрын
"Thanks for taking the time to sit down with us" The perfect thing to say to a man in a wheelchair
@ivancarlson953
@ivancarlson953 4 жыл бұрын
well, he could have taken the time to sit down with others
@stephenlaverty6266
@stephenlaverty6266 5 жыл бұрын
An incredible man, for his age, and his time. We should all be so grateful that we get to spend a sliver of his time, so much to learn and admire......always a pleasure, great interview
@JY-ej8ig
@JY-ej8ig 5 жыл бұрын
29:00 "How old were you when you figured this out"? "About 7..." LOL, Legend as always ;D
@Echoloot
@Echoloot 5 жыл бұрын
he knows it! :D
@StephenDoty84
@StephenDoty84 5 жыл бұрын
They say he had the same habit of straight talk with an edge when he went to Harvard Law School. He used to irk the prof's.
@nigerccie1
@nigerccie1 5 жыл бұрын
1
@venky193
@venky193 4 жыл бұрын
like a boss!!! I'm surprised they did not throw in shades and a Cigar to mark that moment!!! rofl
@mr.personality7762
@mr.personality7762 5 жыл бұрын
"Thanks for sitting down with us" Charlie looks at her, in a wheel chair....
@StephenDoty84
@StephenDoty84 5 жыл бұрын
I'm surprised she didn't then ask, "Where do you stand on free trade?" Or, Would you stand up for a balanced budget amendment? Have you ever stood up for tariffs? ;)
@mr.personality7762
@mr.personality7762 5 жыл бұрын
@@StephenDoty84 oh, aintchu clever Stephen 😉
@Big-guy1981
@Big-guy1981 4 жыл бұрын
He really needs to take a stand.
@hollyhatch1055
@hollyhatch1055 4 жыл бұрын
WTF? I just laughed my soul fool ass off
@hollyhatch1055
@hollyhatch1055 4 жыл бұрын
@@Big-guy1981 WTF? These cooments are too much LMAO!!!!!!
@rainerbuechse6923
@rainerbuechse6923 5 жыл бұрын
Charlie Munger is, in my opinion, amongst the top 10 minds EVER. Looking forward to having the honor to listening to him in May in Omaha.
@surethreat291
@surethreat291 4 жыл бұрын
Rainer Buechse how was it
@sunilkhamer
@sunilkhamer 5 жыл бұрын
I love this old man. Wish I had found him early . His wisdom could have helped me through tough times
@jameszeallor2735
@jameszeallor2735 4 жыл бұрын
@E W because that's an acestral ride along with yourself.
@jesseleighgordon33
@jesseleighgordon33 5 жыл бұрын
This woman is exceptionally charming, she is smart, she is beautiful, she is perfect
@StephenDoty84
@StephenDoty84 5 жыл бұрын
You forgot to mention those arms & legs. You won't get sued.
@champfisk5613
@champfisk5613 5 жыл бұрын
No one is perfect
@daweller
@daweller 4 жыл бұрын
Charlie tapped that
@carmelitalanza9540
@carmelitalanza9540 3 жыл бұрын
28:30 - how to have happy life in 20 seconds! Brilliant
@JonP1234
@JonP1234 5 жыл бұрын
I attended the Berkshire Shareholders Meeting in 2018, he was barely even able to walk. Limping hard. You could see how his suit is scrunched up at his shoulders because he’s so frail. Now he’s in a wheelchair. It’s sad. He’s still a genius
@TheRealChrisBeard
@TheRealChrisBeard 5 жыл бұрын
It’s not sad. He’s 95 and he wouldn’t want you to feel bad for him
@aaronramsden1657
@aaronramsden1657 4 жыл бұрын
Consider this: being sad is only because we resist what is, instead of going with the natural flow of nature
@tez830
@tez830 5 жыл бұрын
You’re never out of it until you’re dead 😂😂😂😂😂
@BVWineS
@BVWineS 5 жыл бұрын
T🎯💯
@YouBetterThink
@YouBetterThink 5 жыл бұрын
Incredible how a man of 95(!!!) starts answering before the interview finished her question
@jpbredenkamp5091
@jpbredenkamp5091 5 жыл бұрын
She really did an amazing job with this interview! Doubtful anyone else could’ve topped this! Really wonderful
@StephenDoty84
@StephenDoty84 5 жыл бұрын
Jeff Gundlach could have done a great interview, I bet.
@johnhoy7572
@johnhoy7572 2 жыл бұрын
I agree. Pitch perfect
@fhowland
@fhowland 4 жыл бұрын
"They can't really do more of it"..and here we are, a year later...
@zedzed5276
@zedzed5276 3 жыл бұрын
It's so much worse now nearly 2 years later.
@zalmalak2478
@zalmalak2478 4 жыл бұрын
She is very good.She understands her subject very well.And she gives him all the time as if its his last interview.She knows all that she is after is milking knowledge.These wise words are the goal.When and how they come dont matter!
@matter7864
@matter7864 5 жыл бұрын
Charlie Munger and buffet are so different its hilarious that they choose to be friends with each other
@emeral311
@emeral311 3 жыл бұрын
Sometimes knowing someone different and being friends with them makes better friends.
@colinteoh3230
@colinteoh3230 3 жыл бұрын
Charlie can be as honest as he wants now, at his age, he has nothing to hide, which makes a good interview, sharp and direct.
@aaronramsden1657
@aaronramsden1657 4 жыл бұрын
What I love about Charlie, jack Bogle and Warren is their genuine moral compass.
@shaifullahfirhakim
@shaifullahfirhakim 2 жыл бұрын
I Have Strongly What U Say But I Know All What U Want To Say.. Ofcouse I Believe ALLAH S.W.T With All ☺️☺️ Just Trust..
@gamingshortschannel1109
@gamingshortschannel1109 5 жыл бұрын
It is difficult to comment on videos such as this, because wisdom gained over many years is difficult to explain to people that have not had the experience such as this man.
@shaifullahfirhakim
@shaifullahfirhakim 2 жыл бұрын
😂😂
@richierich7361
@richierich7361 2 жыл бұрын
@@shaifullahfirhakim what’s funny?
@SammyCee23
@SammyCee23 5 жыл бұрын
Bill Gates said Charlie is the smartest man he ever met.
@StephenDoty84
@StephenDoty84 5 жыл бұрын
People forget Charlie was a wiz at Harvard Law too.
@jonathancarpenter8007
@jonathancarpenter8007 5 жыл бұрын
He has also said the person that he has learned the most from is Warren Buffett. Wonderful people to be influenced by!
@StephenDoty84
@StephenDoty84 5 жыл бұрын
@@jonathancarpenter8007 Yeah, and anything is better than Ron Jeremy.
@KrekreDoBusao
@KrekreDoBusao 4 жыл бұрын
A living legend. It's a pleasure to listen to this wise man. And also quite funny to see how he keeps his sense of humor for all these years.
@JeradSorgenfrei
@JeradSorgenfrei 5 жыл бұрын
So many people give great answers but Charlie gives one the tools to come up with the answers on your own. That's why he and Warren are such great teachers. Also, it takes a great listener to interview him well... Becky is a GREAT listener. Thanks to both!!
@mitchb4084
@mitchb4084 5 жыл бұрын
The mind and the genuis of a man 95 and sharp as young man. This is the brain you want researched not Einstein. The key to solving senility starts with him and his wholesome Nebraska bud
@Bmayo27
@Bmayo27 5 жыл бұрын
28:22 is some of THE BEST commentary / insight I have ever heard in my entire life!
@kingdomcitizenship5613
@kingdomcitizenship5613 3 жыл бұрын
I'm amazed at the things he is openly discussing. He's basically saying the wealthy know the system is broken, they've extended their power as far as they could and doesn't know how this plays out, and our country's self implosion is inevitable.
@GeorgetheArchitect
@GeorgetheArchitect 5 жыл бұрын
Love Becky Quick but wish she would direct more of her questions to history and human behavior - areas Charlie is peerless. Just like Warren’s excellence is in understanding businesses and moats, Charlie is unique in mental models of the world.
@Rmanvideo
@Rmanvideo 5 жыл бұрын
wow you think?
@GeorgetheArchitect
@GeorgetheArchitect 5 жыл бұрын
armen gharibian WTF?
@Rmanvideo
@Rmanvideo 5 жыл бұрын
@@GeorgetheArchitect idk i never divided their expertise like that?
@GeorgetheArchitect
@GeorgetheArchitect 5 жыл бұрын
armen gharibian Charlie is a student of history like almost no one else. He has the broadest thinking of human behavior which is almost always the x-factor in investing. Combine that with his legal acumen and knowledge of behavioral economics, he is unique. I am sorry but Becky is a lightweight here
@GeorgetheArchitect
@GeorgetheArchitect 5 жыл бұрын
Joshua VanVleet CNBC would be grateful if she did that instead of the lame reporting they do everyday with ARS, “loser” Joe and Cramer. It would actually be something unique
@whm5511
@whm5511 5 жыл бұрын
I am from Singapore and I love you, Charlie! The hoary head bowed down with age is glowing with grace and wisdom. Becky Quick did a good job in mining the best out of you. God bless you and make his face to shine on you.
@cronx1337
@cronx1337 4 жыл бұрын
Every interview this lady does is an absolute delight.
@PatrickJWenzel
@PatrickJWenzel 3 жыл бұрын
Incredibly sobering interview. Thank you Becky for presenting so many compelling questions.
@macyparker2
@macyparker2 4 жыл бұрын
Becky Quick is a great interviewer
@bgwhalley
@bgwhalley 5 жыл бұрын
When Charlie talked US and the end of the Roman Empire in the same sentence... my heart stopped! But I agree and think we are getting close to the end. Too many Americans are consumed by idiotic television shows and inspired by uneducated celebrities, athletes and rappers. This video of Charlie Munger's priceless knowledge has only 15K views while a Kardashian video published from the same day has several million which confirms my belief why we are near the end. As we become dumber as a nation... another society more hungry to succeed becomes smarter and someday will likely overthrow us.
@olliemoore11
@olliemoore11 5 жыл бұрын
alot of of those clips like kardasians that get hundreds of millions of views get them because of bots and algos giving the impression that real humans are clicking and viewing them
@coryg121
@coryg121 5 жыл бұрын
Watch hidden secrets of money- episodes 9&10 with mike Maloney. Shows the similarities of Ancient Rome and modern US. The end is near.. in fact watch all episodes. Some of the best videos I’ve ever watched on KZfaq
@thechronic4twenty
@thechronic4twenty 5 жыл бұрын
he didnt say the end was near, he said that all great powers eventually will die. It could be 5 years, 50 years, 100 years. Also, it will eventually die only until it doesn't
@kellybrown2030
@kellybrown2030 5 жыл бұрын
I refuse to learn Chinese
@larrycoyote7219
@larrycoyote7219 5 жыл бұрын
He didn't say we're close to the end. You're saying that.
@jaidancraig
@jaidancraig 5 жыл бұрын
Wow he is 95. That's impressive that he is that old and still very capable
@baytown7951
@baytown7951 5 жыл бұрын
Have to admit that this is the first time hearing Becky do her thing and have to be super impressed with her talent and patience. Watched her in 3 videos now and she's quickly one of my all time favorites. Great job.
@jamesbyrne9312
@jamesbyrne9312 2 жыл бұрын
Where have you been haha
@mwaikul
@mwaikul 3 жыл бұрын
Becky interviewing Warren or Charlie is such a treat to watch (super insightfull)
@pauldupont1537
@pauldupont1537 5 жыл бұрын
A true legend always a pleasure to hear his wisdom.
@renatofrancorosas1397
@renatofrancorosas1397 4 жыл бұрын
"There are worse things in the world when you are rich and powerful than giving a little for the peace of the world."
@shaifullahfirhakim
@shaifullahfirhakim 2 жыл бұрын
That All *^*^..
@reply_guy
@reply_guy 4 жыл бұрын
Two of the best in their respective fields. A pleasure to watch.
@jrothstein1472
@jrothstein1472 5 жыл бұрын
Can't thank Charlie enough for everything I've learned from him. He's the wise King of investing and human nature.
@mk-ww7ii
@mk-ww7ii 2 жыл бұрын
And you got 7500 dollars in the bank ;)
@Hawking1969
@Hawking1969 4 жыл бұрын
Amazing! I wish she asked a bit about his earlier days. He's one of the few who likely remembers the Great Depression and WWII.
@Citizen-of-theworld
@Citizen-of-theworld 5 жыл бұрын
28:30 - how to have happy life in 20 seconds! Brilliant
@webfreakz
@webfreakz 5 жыл бұрын
Thank you for the interview!
@ambarprajapati2105
@ambarprajapati2105 Жыл бұрын
They’re amazing folks - both Charlie and Warren. Just listening to them is a great delight.
@benjamin95251
@benjamin95251 5 жыл бұрын
This guy. I really enjoyed the interview.
@cheeveka3
@cheeveka3 4 жыл бұрын
Charlie is such an intelligent person so simple and straight forward no excuses.
@martenlee501
@martenlee501 5 жыл бұрын
I am amazed on Becky as a person. It's so rare to see a woman with her statuesque. Her intelligence and beauty is so rare. Her husband is a lucky guy!
@realbobbyaxel
@realbobbyaxel 4 жыл бұрын
Marten no doubt About that. I will forever be envious of her husband until I find a woman even better than her in all those qualities.
@paudelamarianaoancea3761
@paudelamarianaoancea3761 4 жыл бұрын
true true
@hotpotmaster997
@hotpotmaster997 5 жыл бұрын
"once a lawyer always a lawyer correct?" "not really!" LOL
@hamadalraeesi3214
@hamadalraeesi3214 5 жыл бұрын
😂😂
@todd-7819
@todd-7819 4 жыл бұрын
awkward
@josh124c
@josh124c 4 жыл бұрын
Interviewer: What's your favorite color? Charlie Munger: no
@hollyhatch1055
@hollyhatch1055 4 жыл бұрын
Its not green.. its not!!!
@SHINZ138
@SHINZ138 4 жыл бұрын
Coca Cola
@audtom52
@audtom52 4 жыл бұрын
Becky Quick should be paid to hold a seminar on interviewing and moderating to all the "so called" moderaters and interviewers (forget "Journalists") that the public suffers through today....she is tops in her field. As far as Charlie Munger....forget EF Hutton.....Whenever Charlie (or Warren) speak...we should ALL listen.
@johnparadise3134
@johnparadise3134 5 жыл бұрын
9:20 “I don’t worry much because I regard it as a cinch that a great nation in due time will be ruined.”
@1Esteband
@1Esteband 5 жыл бұрын
cinch like easy? I was trying to understand it but still the sentence doesn't make much sense to me.
@johnparadise3134
@johnparadise3134 5 жыл бұрын
1Esteband, yes “cinch” as in easy. He regards it as a foregone conclusion, a certainty, that a great nation will eventually be ruined. Reined as in destroyed. Lose its dominance. Fall! Just like the Roman Empire!
@1Esteband
@1Esteband 5 жыл бұрын
​@@johnparadise3134 Thank you. In case you want to see more of the US Roman Empire comparison. kzfaq.info/get/bejne/d6-Jg9hlsqywnGg.html
@nickfleming3719
@nickfleming3719 5 жыл бұрын
Enough with the Roman Empire bs smh The key phrase "in due time" which could mean ANY amount of time, which is obvious. When the sun burns out, all earth nations are done for. To give you some perspective: Age of U.S.: 243 years Lifespans of other empires: Empire of Japan: 1,743 years Byzantine Empire: 874 years Holy Roman Empire: 844 years Zhou Empire: 790 years Ethiopian Empire: 666 years
@Haannibal777
@Haannibal777 4 жыл бұрын
Nick Fleming I was just going to comment that the US time in the sun is far too short to be going away any time soon and you beat me to it.
@powerlinkers
@powerlinkers 4 жыл бұрын
thank you CNBC. good interview.
@viktorwarhola1525
@viktorwarhola1525 5 жыл бұрын
Love my Grandfather's generation!
@andrewbreiter-wu
@andrewbreiter-wu 5 жыл бұрын
That was such a great interview. I hope we have a decade of more interviews like these from both Charlie and Warren.
@rohitrohan2009
@rohitrohan2009 4 жыл бұрын
Charlie is already 96. another decade would mean he would be 106 years old. Which, of course i hope he lives longer, will prolly not happen.
@fabiopompeo9095
@fabiopompeo9095 5 жыл бұрын
He is awesome 👏🏻!! Can’t thank enough!
@martinsamken
@martinsamken 5 жыл бұрын
Superman!This man is my idol and mentor!
@bobfeller604
@bobfeller604 2 жыл бұрын
"How old were you when you figured this out?"...."About seven." Perfect.
@valaquenta220
@valaquenta220 4 жыл бұрын
She's a good interviewer, that's a change
@socrates_the_great6209
@socrates_the_great6209 4 жыл бұрын
Thanks for the great interview! Please always use her for interviews with Charlie.
@eddylauterback1312
@eddylauterback1312 4 жыл бұрын
He needs 25 words to explain something, Warren needs 250 .
@rocky7232
@rocky7232 4 жыл бұрын
Amazing amount of knowledge in this great man.
@taylenday
@taylenday 4 жыл бұрын
Becky looking like a whole big snack
@RONMAYS71
@RONMAYS71 5 жыл бұрын
Good interview and insights , Thank You Mr Munger
@Nofs
@Nofs 5 жыл бұрын
Gotta love Charlie's wisdom/insight !
@guru96973
@guru96973 5 жыл бұрын
Legend
@fiyamage
@fiyamage 4 жыл бұрын
9:24 he's right, no empires last forever. Charlie is so pragmatic that he's able to be at complete ease with the eventuality of this paradigm.
@OperationAndrew.
@OperationAndrew. 4 жыл бұрын
Great interview: both parties.
@kantalarski
@kantalarski 4 жыл бұрын
Super wise man. Pleasure to listen to.
@KarlFiner
@KarlFiner 4 жыл бұрын
Becky Quick is a great journalist, she asks meaningful questions and I think she brings out the best of people like Charlie and Warren
@petermitchell4523
@petermitchell4523 5 жыл бұрын
Wise man and good interviewer!
@harbinguy1
@harbinguy1 4 жыл бұрын
28:15 good question and answers. I 've listened to it several times now.
@over07ful
@over07ful 5 жыл бұрын
Some day a a public figure will do something assenign and I'll think to myself "i can't wait to hear Charlie's take is on this" and he won't be here anymore.
@koraykaplanmbacc2683
@koraykaplanmbacc2683 2 жыл бұрын
Becky is the best. Excellent questions, effective listening, knowledgeable, and a great interviewer.
@sunghwanhwang8817
@sunghwanhwang8817 5 жыл бұрын
30:05 No one can change your life, only you can change yourself. "I can change my reaction, but not the outcome" Classic Buddhist mentality.
@ricosuave666
@ricosuave666 5 жыл бұрын
actually Charlie has specifically referred to confucianism as a philosophy he believes in.
@marcusjun94
@marcusjun94 5 жыл бұрын
its also classic stoicism
@Gr8Layks
@Gr8Layks 5 жыл бұрын
Marcus Jun I’ve never read stoics. Does that include Meditations by Marcus Aurelius? Can you recommend something?
@StankFernatra
@StankFernatra 5 жыл бұрын
@@Gr8Layks A roommate has a copy of 'Meditations' in the washroom. It's excellent. Tim Ferriss highly recommends & regularly gives copies of Seneca's 'Moral Letters to Lucilius'. Also, here is a recommended-reading list of his: tim.blog/stoic/ Regards from Calgary, AB.
@dogestranding5047
@dogestranding5047 5 жыл бұрын
Ricardo AM Did he say he believes in it? Or just that he respects it and that they share some of the same ideas?
@bobreesjr9501
@bobreesjr9501 5 жыл бұрын
Charlie Munger is the only billionaire I've ever talked to on the phone. That was back in January 2016.
@bobreesjr9501
@bobreesjr9501 5 жыл бұрын
I was expecting his personal assistant to answer the phone and was shocked when "Charlie" answered..when I called back a few days later..he answered the phone himself again. Pretty cool!!
@thechronic4twenty
@thechronic4twenty 5 жыл бұрын
what was the conversation about?
@PissTakeProduction
@PissTakeProduction 5 жыл бұрын
@@thechronic4twenty Bitcoin
@marceldwayne8491
@marceldwayne8491 5 жыл бұрын
Wait how the hell did you contact him & from where ?
@DefiSenpai
@DefiSenpai 5 жыл бұрын
@@thechronic4twenty baby brains
@rockopocko6944
@rockopocko6944 5 жыл бұрын
Incredible interview! wow
@lanreenilo7405
@lanreenilo7405 5 жыл бұрын
Very informative!
@HCHANISM
@HCHANISM 5 жыл бұрын
Great Interview
@contrarianstocks
@contrarianstocks 2 жыл бұрын
It's funny how the most successful investors are slightly different and odd compared to Wall St.
@InvestingBookSummaries
@InvestingBookSummaries 5 жыл бұрын
Superb interview
@dhui777
@dhui777 5 жыл бұрын
Good interviewer with many excellent questions.
@gauharsingh7015
@gauharsingh7015 4 жыл бұрын
He'll be dearly missed when he's gone
@josephwroglieri
@josephwroglieri 5 жыл бұрын
Great Interview!
@ccdemuthjr
@ccdemuthjr 5 жыл бұрын
Great interviewer. Great interviewee. Something rare and remarkable about Becky Quick: she asks questions in order to elicit insights from the interview subject, not to sound impressive.
@ps2050
@ps2050 5 жыл бұрын
awesome video !!
@Vahe345
@Vahe345 5 жыл бұрын
financial crisis was an accident. But when a person becomes insolvent from taking bad loans its not an accident?
@waspishhen1
@waspishhen1 5 жыл бұрын
Vahe345 well no because they consensually agreed to its terms. Thus they knowingly took out loans they knew they could not repay. In principle would there would have been a crisis if everyone repaid the conditions of their loans? Of course not as it contradicts exactly the delinquency which caused the collapse. However saying this does not mean the institutions aren’t responsible in part for its cause as they also lent out these risky loans.
@243wayne1
@243wayne1 5 жыл бұрын
Great job as per usual Becky!
@0x9bh47
@0x9bh47 5 жыл бұрын
Fantastic interview
@socrates_the_great6209
@socrates_the_great6209 4 жыл бұрын
Charlie is an Oracle. When are they gonna give him that title? We all know he is a genius already.
@alexlucas2420
@alexlucas2420 5 жыл бұрын
Beautiful interview
@tinnguyen2219
@tinnguyen2219 5 жыл бұрын
Thank you for sharing such useful data! Greatly appreciated, impress how Mr. Munger views life at the age of seven. I guess a wise boy will always turn out to be a wise man.
@anonymousubiquitous3295
@anonymousubiquitous3295 4 жыл бұрын
Thank you Charlie. If you wanted you could just not write books nor do interviews. But you choose to give us your insights and hard work.
@rodneysmith4945
@rodneysmith4945 3 жыл бұрын
"Well not forever." He was definitely trying her lolol
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