Charles Munger Interview: The Power of Partnership with Warren Buffett

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Chairman of Berkshire Hathaway, Charles Munger describes his long business relationship and friendship with Warren Buffett that started in 1959. He discusses what makes a great company, the investment game, and succeeding from knowing the big ideas.
Charles Thomas Munger was born in 1924 in Omaha, Nebraska. He studied mathematics at the University of Michigan and dropped out to serve in the U.S. Army. After his service, he studied meteorology at Caltech, and took a number of advanced courses, eventually receiving a J.D. from Harvard Law. He practiced for a short time and left law to concentrate on managing investments and real estate development. Although Munger is better known for his association with Buffett, he ran an investment partnership of his own from 1962 to 1975 and served as chairman of Wesco Financial Corporation. Wesco became a wholly-owned subsidiary of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger has served as the vice-chairman of Berkshire Hathaway, where he and Buffett are close partners. They are one of the main inspirations behind the book Seeking Wisdom: From Darwin to Munger (2003).
From the HBO / Kunhardt Film Foundation (KFF) Documentary "Becoming Warren Buffett." With a net worth of over $60,000,000,000, Warren Buffett is truly a one-of-a-kind billionaire. This documentary chronicles Buffett's evolution into one of the wealthiest and most respected men in the world.
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Charles Munger, Warren's Business Partner
Interviewed By: Doug Blush
Interview Date: June 6, 2016
© Home Box Office and Kunhardt Film Foundation. All Rights Reserved.
#CharlesMungerInterview #kunhardtfilmfoundation

Пікірлер: 391

@dianesullivan5338 20 күн бұрын

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

@HildaBennet 20 күн бұрын

I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

@PennyBergeron-os4ch 20 күн бұрын

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year

@JosephineKenney 20 күн бұрын

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?

@PennyBergeron-os4ch 20 күн бұрын

I have “Sharon Lee Peoples” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making. Them less vulnerable to market downturns. She may be a name you are already familiar with from Newsweek.

@JosephineKenney 20 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@georgesotiriou7051 2 жыл бұрын

Many of us owe a lot to Munger. He and Warren will be remembered primarily as teachers. Two very fine minds.

@lifestoriesinterviews 21 күн бұрын

Absolutely! If you’re interested in hearing more from Warren Buffett's perspective, I recommend checking out this interview we conducted with him: kzfaq.info/get/bejne/mcpdqpx5la2anoU.html

@erikharrysson4947 2 жыл бұрын

Fantastic interview, a bit of a shame that the interview is only focused on Mungers view of Buffet. I have become increasingly fascinated by Munger and it is more and more clear to me that he deserves as much credit for the terrific success of Berkshire as Buffet

@carlmannhard8051 2 жыл бұрын

I feel the same. Charlie is much more honest than Warren. Warren says what he thinks people want to hear sometimes and Charlie doesn't give a shit.

@FredHerrman 2 жыл бұрын

You should read, “Poor Charlie’s Almanac.”

@christopher399 2 жыл бұрын

I mean... the interview is for a documentary about Warren Buffett. What else is he supposed to talk about?

@kendallfleming5858 2 жыл бұрын

Well it’s a documentary called, “Becoming Warren Buffet.” This is a snippet here but it wouldn’t make sense for him to divulge of himself only when the documentary is designed to focus on Warren

@kendallfleming5858 2 жыл бұрын

@@carlmannhard8051 Well, it’s a documentary literally called, “Becoming Warren Buffet:” Image a Micheal Jordan being interviewed about Larry Bird and only speaking about his championship rings that he won

@matt8134 2 жыл бұрын

It amazes me how humble this man is. This is the type of friend that would make your life incredible, with or without the money.

@plasticitate6694 2 жыл бұрын

also the fact that he likes to see students suffer how humble 😌

@freedomwatchdog2495 Жыл бұрын

with is better ...

@brettsinger9565 Жыл бұрын

His accomplishments are many, but he is very much a product of privilege.

@freedomwatchdog2495 Жыл бұрын

@@brettsinger9565 Wow. Because he is white ..? Lol.

@brettsinger9565 Жыл бұрын

@@freedomwatchdog2495 He was excused from fighting in WW2 and his application to Harvard Law School got a second review because the right person made a phone call. He got two huge breaks that most people of his generation did not. That's privilege.

@patrickbrussels4454 10 ай бұрын

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

@jessicasquire 10 ай бұрын

May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well

@patrickbrussels4454 10 ай бұрын

What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom

@patrickbrussels4454 10 ай бұрын

*STEPHANIE KOPP MEEKS* , That's whom i work with

@patrickbrussels4454 10 ай бұрын

You can glance her name up on the internet and verify her yourself. she has years of financial market experience

@jessicasquire 10 ай бұрын

Thanks so much I was able to find her page and I already leave her a message

@anon69669 2 жыл бұрын

“The dumbest thing you can do in life is to ever feel like a victim. And any politician that makes people feel like victims I automatically dislike”

@627horsepowers 2 жыл бұрын

29:21

@ryantrent2114 Жыл бұрын

He's the product of privilege. Of course, he's never been a victim.

@yj9032 Жыл бұрын

Well said

@GnawNehc Жыл бұрын

@Ryan Trent that's what a victim would say and focus on

@etchedinstone7562 7 ай бұрын

@GnawNehc If you've had a life sheltered from hardship then I would imagine that telling other people not to feel like victims can make you feel very powerful. But it's mostly a delusion of grandeur, much like what Charlie himself has.

@Raymondjohn2 Жыл бұрын

Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...

@martingiavarini Жыл бұрын

It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....

@lipglosskitten2610 Жыл бұрын

i've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free...

@bob.weaver72 Жыл бұрын

@@lipglosskitten2610 Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc

@lipglosskitten2610 Жыл бұрын

@@bob.weaver72 Have you heard of‘’Catherine Morrison Evans’’ ? She gets featured regularly on CNBC. I myself use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about....

@bob.weaver72 Жыл бұрын

@@lipglosskitten2610 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.

@kevinsmith5893 2 жыл бұрын

[0:09] Meeting Warren Buffett [1:09] What makes Warren’s mind unique [1:39] Warren’s investing philosophy [2:53] Working in Omaha [3:20] Warren’s ability to take criticism [4:12] Buying Berkshire Hathaway [5:22] On teaching and paying it forward [6:32] Warren’s father’s death [7:36] Picking Berkshire Hathaway [8:34] The blueprint of Berkshire Hathaway [9:51] Getting along with Warren [10:45] Value investing [11:56] See’s Candy [13:33] What makes a great company [14:27] On Warren playing bridge [14:49] Salomon Brothers [16:58] On Berkshire Hathaway’s record [18:26] Berkshire Hathaway is a reflection of Warren [18:51] Berkshire Hathaway’s annual conference [19:43] Extended Confucianism [20:58] On growing Berkshire Hathaway [21:49] On getting ahead [22:36] The investment game [23:30] Warren’s competitive nature [24:12] On Warren and social injustice [25:43] Ethics [26:53] Investment in Burlington Northern [28:24] On his relationship with Warren [29:02] Warren’s character [30:18] Knowing the big ideas [32:14] The Lollapalooza effect [33:07] Berkshire Hathaway’s portfolio We love you Charlie.

@platoscavealum902 2 жыл бұрын

👍 thank you for the time stamps

@platoscavealum902 2 жыл бұрын

[13:33] What makes a great company: Durable Competitive Advantage: 📺 kzfaq.info/get/bejne/ptp5et2ZzK-pY6M.html (5 minute video w/ Pat Dorsey) What Are Network Effects? 📺 kzfaq.info/get/bejne/l9WVlM9k0dDSoas.html (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzfaq.info/get/bejne/paiPgbCQ0LKaooE.html (2.5 minute video | NfX) The truth about data network effects 📺 kzfaq.info/get/bejne/a5mBjZppvNq2k58.html (8 minute video w/ James Currier)

@nr9926 2 жыл бұрын

Thank you so much you saved my time

@anuradhapittie3408 2 жыл бұрын

The time chart so useful. Thanks

@nitiniimcal Жыл бұрын

Thank you❤

@lailaalfaddil7389 Жыл бұрын

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

@susannnico Жыл бұрын

How can this person, ROCHELLE DUNGCA-SCHREIBER be reached please...

@susannnico Жыл бұрын

Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.

@Freedomthirtyfiveblog 3 жыл бұрын

Very inspirational. Charlie Munger is one of the brightest minds of our time. I recommend his book, Poor Charlie's Almanack, for anyone who wants to see more of his talks and speeches.

@Madnibbawilson 2 жыл бұрын

Thanku

@ideafood4U Жыл бұрын

Just re-read the book. Amazing human.

@RobertBrown.. Ай бұрын

I find myself rueful for neglecting stock investments until now, yet I'm appreciative of retaining funds in the money market. With approximately $200k set to mature shortly, I'm considering delving into the stock market. What stocks would be prudent for a newcomer like me to securely nurture my finances?

@EthanBrown_23 Ай бұрын

What strategies can I employ to pursue this opportunity? I am wholeheartedly dedicated to securing my financial future and am enthusiastic about getting involved.

@ton9428 2 жыл бұрын

Charles Munger is an absolute beast of a man. His story and how he made an impact in the financial world is without a doubt something to remember for the ages. Truly one of the greatest and smartest human beings who ever lived.

@lifestoriesinterviews 21 күн бұрын

We were impressed as well!

@alexanderkraft3823 2 жыл бұрын

A stock call option gives the holder the right (but not the obligation) to buy a stock from the seller by a certain date (the expiry), for a certain price (the strike price).

@ericlukaberube2141 2 жыл бұрын

The value of a call option goes up when the price of the underlying stock price increases.

@jamesstevenaustin2981 2 жыл бұрын

Trading options offers you an opportunity to work both sides of the market since you can buy and sell both call and put options. Therefore, you can shield much of your capital in the event that something goes wrong on the short or long side. If you don't understand the market too well, work with an advisor.

@cannonraymond8712 2 жыл бұрын

Your analysis are good. who do you work with ?

@karenben1502 2 жыл бұрын

I am glad you know Tamara. shes the best.

@leggettrobert265 2 жыл бұрын

Thanks. just found her name on the web and i sent a message to her website.

@samsonyin7782 2 жыл бұрын

Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this

@samsonyin7782 2 жыл бұрын

@Janet Soy I invest across the top markets but not by myself though. i follow the guidelines of MELISA PAMELA PEREZ . you might have heard of her.. I can correctly say she's worth her salt as a investment advisor as her diversification skills are top notch, I say this because i see that in her results as my portfolio grows by averages of 20 to 3O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what she place and not just on some particular industries of my choosing.she gave me that financiaI freedom I needed

@samsonyin7782 2 жыл бұрын

@Janet Soy look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnbc. She can work with anyone irrespective of where your located

@mathiasray3104 2 жыл бұрын

@@samsonyin7782 This is a shocker seeing melisa pamela perez is being mentioned here. I always had mixed feelings about hiring a lnvestment advisor. For the record, I started working with melisa in 2019, and she manages about 70% of my lnvestments, while I manage the other 30%. My philosophy is that I care more about my own money than anyone else, but she made me accept that they have wealth of information on current conditions and future trends

@Buddwh1001 2 жыл бұрын

Non interrupted Charlie 👏

@grizz112 2 жыл бұрын

Unbe-freakin-lievable. What have we done to deserve this content for free? I'll come back and watch this over and over again.

@lifestoriesinterviews 21 күн бұрын

Thank you for watching! To stay updated with our latest releases, be sure to subscribe to our channel and turn on notifications. Enjoy!

@Andysfishing 2 жыл бұрын

What an honest interview. Great to watch.

@ralfydotcom 2 жыл бұрын

. . . this is a brilliant interview, with a very interesting man, who is having a most interesting life, and the content is pure gold !

@Journeyman-Fixit Жыл бұрын

What great truth, logic and humility comes from this man. Never disappoints.

@krishnateja7728 2 жыл бұрын

Wisdom packed in this 35min is simply invaluable. Thanks a lot for this upload!

@kingkang6877 2 жыл бұрын

This is what I had always expected of Warren but could never find evidence of it: He's ruthlessly competitive without jeopardizing his own morals/principles. I always knew of WB as a passionate lover of stocks and reading and being this folksy grandfatherly figure but at the same time, he will never go into a deal knowing he will lose. Love it.

@BradKaellner 2 жыл бұрын

This is incredible footage!

@Meditationmiamibeach 2 жыл бұрын

Thank you Mr. Munger. Very grateful for the learnings through the years.

@tzartzisipus6024 2 жыл бұрын

Charles Munger is my #1 example for how to live a more successful life and hell does it work!!

@wizastravels9235 2 жыл бұрын

An absolute legend, thank you for sharing.

@InvestingwithTom 2 жыл бұрын

Charlie is the GOAT

@siggiAg86 2 жыл бұрын

He is!

@amdistant5547 2 жыл бұрын

No I'm afraid Warren Buffett is. The greatest investor of all time.

@irockluculent961 2 жыл бұрын

This is one hell of a good interview, both the substance and the way it is presented.

@MiguelLara-gj4hi 2 жыл бұрын

Bill Gates says that Munger is the smartest person he knows. He has surely been as responsible for the success of Berkshire Hathaway as Buffett. GOAT 🐐

@mikehome9548 2 жыл бұрын

Do you please have the source for that claim? I've read Bill Gates say "He is truly the broadest thinker I have ever encountered" but never read or heard him say the "smartest".

@jsong1722 Жыл бұрын

One of the greatest interview I have ever watched for wisdom and motiviation in life.

@andypicken7848 2 жыл бұрын

Goodness me. What a straight shooter. Charlie appear to be able to see right through all the BS and focus on the important facts. Its a social skill more than an academic one.He is a very impressive indivdual. Thanks for posting

@surudog4929 Жыл бұрын

Charlie is something. His choice of words and what he said were things that came out of experience and are practical and something people should internalize and see how those words plays out over decades of one’s life. Older folks can understand some of what he says better than younger because you have to have some level of experiences to understand the nuances of what he was telling. Great stuff.

@BillionairePhilosophy 3 жыл бұрын

This is such an excellent video. Great job!

@BilalAhmed-ts5xj 2 жыл бұрын

So much wisdom in this man's words...great interview 👍

@williamfraser6877 Жыл бұрын

I'm 68. I love these guys. Legends is an understatement

@akashsolucky Жыл бұрын

Munger is a philosopher of modern times! Glad we got to witness these personalities.

@Mister.Unknown 7 ай бұрын

Great interview. Straight to the point, no embellishments, you come for the interviewee and you get him. Thank you very much, and may Charlie Rest in Peace.

@panchasanguparakalarajan8948 2 жыл бұрын

Awesome content. Thank you for sharing this 👍

@antrikshshiva1001 3 жыл бұрын

Truly insightful

@stevenharris6626 2 жыл бұрын

Outstanding interview with Charlie Munger!! I have been ill most of my life, but I never felt like a victim, and if you do, your life will be miserable. Warren and Charlie are GENIUSES!!!

@kenkannon5630 2 жыл бұрын

Great presentation! No ego trip with over-talking by the interviewer. A question is presented, then Munger does the talking.

@glge2230 2 жыл бұрын

A true man who listens and follows his call

@tiffaniewilcox2219 2 жыл бұрын

Buy a good cross section of an economy and you should do well over the long term. The market wil be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. the U.S. is about 50% of the global market place, Pay yourself first. It's time in the market, not timing the market. last year I invested 100 grand in the S&P 500/ an allocation fund (with the help of my Financial Advisor Rita Lynn Evans of course) and made 370k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million.

@Ralehlatsa 2 жыл бұрын

Thank you for sharing.

@paulwilfridhunt 2 жыл бұрын

Mr Munger is a most admirable man worthy of much praise for his good business skills, his thinking, and his excellent character. And as the oldest person in America is 115 years of age, living in Omaha, then perhaps dearest Charlie can also live well past 100 too. We hope so. We need him, and his friend Warren, to keep us going with their inspiring enterprise.

@Abbysteel3456 Ай бұрын

Mr Munger, rest in peace 🙏 you are so missed. 🙏 I dont know you personally. When i heard of your passing, i cried. I STILL CRY 😢😢

@bollmann4580 2 жыл бұрын

Great interview. Thank you C Munger

@ionut7021 2 жыл бұрын

Can you believe that he’s 97!bless him

@investingplays Жыл бұрын

What an interview . So much game from Munger

@wesleyn4545 Жыл бұрын

I would say we need a Hollywood movie about the two guys but let's be honest, it would just be Warren Buffett and Charlie sitting at a desk reading most of the movie.

@inquistive Жыл бұрын

I wish I had a friend like Charles Munger

@wondon2992 Жыл бұрын

It’s always fascinated me how their voices are almost identical!

@linleo 2 жыл бұрын

"The dumbest thing in life is ever feel a victim"

@recklezzone7926 2 жыл бұрын

@juan-3350 2 жыл бұрын

I’ll add another one of those question marks “??”

@thalessilva1 2 жыл бұрын

@@juan-3350 ???

@Naz-yi9bs 2 жыл бұрын

@juan-3350 2 жыл бұрын

It’s a been a week and no one can decipher this mans comment 🤔😔lol

@samholder196 2 жыл бұрын

he's got such a clear, powerful command of language

@lulekilematole6711 2 жыл бұрын

Great interview I would like to see one with Buffets view on Charlie Munger. They achieved a lot together through decades

@skipsassy1 2 жыл бұрын

It's good timing that this was posted now with a 2016 interview date. But only those watching this are going to understand.

@hamidja1537 Жыл бұрын

Thanks for sharing

@captainfuture2882 2 жыл бұрын

I like the humility. I wish I had know more than their names a long time ago.

@Elbrus_a Жыл бұрын

This is great interview

@shankarbalakrishnan2360 6 ай бұрын

Will wait sincerely to see u back

@2012photograph 2 жыл бұрын

You know when I started learning about Wall Street at ages from 11-13 was only domestic. In 1995 Australia taught open to international market.

@SusieAspen Жыл бұрын

Warm regards to Charlie and Warren. They have been an incredible team.

@elba_magellan 2 жыл бұрын

Need more Munger!

@k31rifleman Жыл бұрын

I love the Ben Franklin statue

@marshallhosel1247 2 жыл бұрын

Wonderful video.

@Abbysteel3456 Ай бұрын

People hate to hear the word tax, but they realize this payment gives them running water. One flick of a switch, you get lighting hospitals fire, police it just works you belong to a community when you do this.. so simple.. Thank you Charlie the explanation is very trustworthy.

@ToddMatthewsFitness 2 жыл бұрын

Brilliant.

@BinanceUSD 3 ай бұрын

Lovely interview

@suryadiwirija7426 Жыл бұрын

I never met anyone besides WB and CM that still very sharp in their age

@jlg3315 Жыл бұрын

love seeing charlie munger on his own.

@warrenbuffettsuccess3355 2 жыл бұрын

Buffett reflects on his first meeting with Munger: ‘I’m not going to find another guy like this’

@bevandashwood1030 2 жыл бұрын

Stellar

@paullangton-rogers2390 Жыл бұрын

Fascinating interview. I love Charlie Munger and don't think he gets as much credit as he deserves, he's clearly a very modest man but he was definitely instrumental in taking Buffet and Berskhire into a better area of investing..it's probably the most successful partnership of all time, certainly in the investing world. Newcomers to the world of investing like myself can learn a lot from these two wise owls. A lot of their philosophy and wisdom holds true still today in an increasingly complex financial market environment with enormous opportunities and a much wider range of opportunities and technologies than ever before.

@bh2861 Жыл бұрын

0:09] Meeting Warren Buffett [1:09] What makes Warren’s mind unique [1:39] Warren’s investing philosophy [2:53] Working in Omaha [3:20] Warren’s ability to take criticism [4:12] Buying Berkshire Hathaway [5:22] On teaching and paying it forward [6:32] Warren’s father’s death [7:36] Picking Berkshire Hathaway [8:34] The blueprint of Berkshire Hathaway [9:51] Getting along with Warren [10:45] Value investing [11:56] See’s Candy [13:33] What makes a great company [14:27] On Warren playing bridge [14:49] Salomon Brothers [16:58] On Berkshire Hathaway’s record [18:26] Berkshire Hathaway is a reflection of Warren [18:51] Berkshire Hathaway’s annual conference [19:43] Extended Confucianism [20:58] On growing Berkshire Hathaway [21:49] On getting ahead [22:36] The investment game [23:30] Warren’s competitive nature [24:12] On Warren and social injustice [25:43] Ethics [26:53] Investment in Burlington Northern [28:24] On his relationship with Warren [29:02] Warren’s character [30:18] Knowing the big ideas [32:14] The Lollapalooza effect [33:07] Berkshire Hathaway’s portfolio Happy viewing!

@TheMelody55 2 жыл бұрын

One of the great legends of our time.

@johnwilsdon5456 2 жыл бұрын

The cardinal quote, hahahaha. Good.

@RADIUMGLASS 2 жыл бұрын

Their generation is the last to experience this wisdom from.

@leechoonyau 2 жыл бұрын

anyone know what was the letter of objection by Warren with regards to the options mentioned by Charlie in this video?

@rahuldaswani7944 2 жыл бұрын

Looking for that too

@fhowland Жыл бұрын

Living legend.

@kendrickmason2577 2 жыл бұрын

These are the conditions where life changing money is made to those that stay calm, are patient, and take controlled risk. Volatility goes both ways. Larger the red candles the larger the green ones.

@jameswood2615 2 жыл бұрын

I couldn't agree with you more, I had my share of ups and downs when I first started looking for a consistent passive income, ultimately called out to an adviser for aid, and following her advice, I poured $30k in value stocks and call options, up $200k so far!!! retiring with no worries next year

@johnwilsdon5456 2 жыл бұрын

Charley enjoys the game. Nothing wrong with that. He also understands ethics.

@djangogeek Жыл бұрын

They should have posted that letter at the end that he was talking about.

@JamrockVybzTV 2 жыл бұрын

We love and appreciate you Charlie

@shashwattiwari3129 2 жыл бұрын

This is like hearing snippets from Poor Charlie's alamanack

@Steve-pw7xm 2 жыл бұрын

It's 7/28/2021....If BABA is good enough for Charlie Munger and Monish Pabrai at $221 per share, it is good enough for me at $190.

@SwiftySwiftt 2 жыл бұрын

Smart man

@rahuldaswani7944 2 жыл бұрын

Unless he does a u turn and sells it…

@carlmannhard8051 2 жыл бұрын

@@rahuldaswani7944 He buys and hold for 10 years atleast. Every time. If he makes a decision, he sticks by it for a decade

@rahuldaswani7944 2 жыл бұрын

@@carlmannhard8051 I agree with what you are saying. He only has 4 stocks and has held most of them for a long time. I’m just pointing out that he can change his mind. By all means follow him, don’t bet the farm.

@tuckert3431 2 жыл бұрын

What if it is worth less now than when they bought it

@simonliin 2 жыл бұрын

Has anybody found a link to the Warren's letter on derivatives and options, that Charlie mention at the end of this video?

@candyfloss184 Жыл бұрын

29:04 never feel like a victim. It’s a soldier’s life. 30:20 Charlie’s wisdom

@nikhan14 3 жыл бұрын

where can i get whole video?thanks for sharing.

@lordabhijith 2 жыл бұрын

Come for Buffet, stay for Munger

@user975bg 10 күн бұрын

Wise man.

@joulupukki1607 2 жыл бұрын

Charlie and warren has so much identical mannerism lool

@miguelangelsamlee528 2 жыл бұрын

Nice video

@cjljianlang8240 9 ай бұрын

25:19 Suzie Was A Wonderful Mate

@Michael-gh5ys 2 жыл бұрын

This gentle is so sharp that his body cannot keep up with his mind.

@jeffsievert9693 2 жыл бұрын

All kinds of Wisdom My fav " Even if you are a victim it's a mistake . " So great . So true .

@platoscavealum902 2 жыл бұрын

29:21

@tonygold1661 Жыл бұрын

unmatched musings.

@platoscavealum902 2 жыл бұрын

13:34 What makes a great company? - A durable competitive advantage.

@platoscavealum902 2 жыл бұрын

for more information: Pat Dorsey Explains Economic Moats: 📺 kzfaq.info/get/bejne/ptp5et2ZzK-pY6M.html (5 minute video)

@platoscavealum902 2 жыл бұрын

What Are Network Effects? 📺 kzfaq.info/get/bejne/l9WVlM9k0dDSoas.html (7 minute video w/ James Currier) + The 13 Types of Network Effects 📺 kzfaq.info/get/bejne/paiPgbCQ0LKaooE.html (2.5 minute video | NfX)

@platoscavealum902 2 жыл бұрын

The truth about data network effects 📺 kzfaq.info/get/bejne/a5mBjZppvNq2k58.html (8 minute video w/ James Currier)

@virgentina4757 2 жыл бұрын

Many investment para aking 💪💪👍👍

@richardbrusca1164 Жыл бұрын

I love listening to Charlie...especially when he reflects on his best friend and business partner. I am inspired by his knowledge and experience. I'm a block chain and crypto guy...different than conventional business, I use his principles to succeed. Hold or what I say ...HODL long term, I respect his midset. I learn from Charlie's and Warren's principles of investing...I continue to learn, remain open-minded and invest for the long term, especially with a new asset class...opportunity!!!