A Conversation with Charlie Munger

  Рет қаралды 780,858

Ross School of Business

Ross School of Business

13 жыл бұрын

The vice chairman of Berkshire Hathaway shares his insight and wisdom at a Ross School of Business event.

Пікірлер: 363
@hydrazine19
@hydrazine19 3 жыл бұрын
"Never feel sorry for yourself ... when your child is dying of cancer, etc." Charlie lived through seeing his beloved son die over months. In the book Damn Right (I think), it wrote of Charlie after work, he’d attend to his son, then he'd step out for walks to cry it out, and then go back again to attend to his son. Talk about ethos. How painful he earned his right to say this. I don’t take his words lightly.
@joeybasu516
@joeybasu516 12 жыл бұрын
"Why fret too much about what you can't fix? Just keep your head down & do your best."
@2011blueman
@2011blueman 8 жыл бұрын
I love Munger. He's brilliant and doesn't have any kind of filter on what he says, that's a 1 in a billion combination.
@2011blueman
@2011blueman 7 жыл бұрын
Henry Wissmiller maybe when you're an adult you'll understand.
@Onlinesully
@Onlinesully 3 жыл бұрын
yes he is brilliant. in my view though, he is very much careful with his worlds and had a strong filter for sure.
@investmenttudor1659
@investmenttudor1659 5 жыл бұрын
Who will replace Buffet & Munger's wisdom, the day when they are gone? Thank God we have these recordings
@jaysalhan3684
@jaysalhan3684 4 жыл бұрын
We will. Those that intake the knowledge and act on it will take what we've learned, add to it, and propagate it for the future.
@stephenshearon6420
@stephenshearon6420 4 жыл бұрын
Absolutely. We will have lost a great deal when those two are gone. One option, though, is to learn from them and emulate them now so we can carry on in their places.
@matt79de
@matt79de 3 жыл бұрын
Luckily they also left us a book or two... 😉
@PatAlpaugh4
@PatAlpaugh4 2 жыл бұрын
Guy Spier and Monish Pabrai
@grandadcrypto
@grandadcrypto 5 ай бұрын
That is a question I was thinking.
@JohnLudena
@JohnLudena 2 жыл бұрын
10 years too late but the almighty KZfaq algorithm finally delivers this gem. I’m gonna miss this man when he’s gone and he’s no longer dropping knowledge bombs on us like this one.
@jimmmy1941
@jimmmy1941 10 жыл бұрын
Becky Quick is a terrific interviewer, and Charlie is brilliant.
@vincejukic5656
@vincejukic5656 5 ай бұрын
Becky Quick is world class
@chloeduan8301
@chloeduan8301 3 жыл бұрын
@14:00 "1. Never feel sorry for yourself. Just keep plugging at it. 2.And never have any envy." @15:48 "Treat success and failure exactly the same. Why not take these hardships to make a man out of yourself; or a person out of yourself." @18:50 "Why fret too much on what you can't fix. Just keep your head down and do your best" @21:10 - accountants' immense contribution to recent failures @24:50 - competition & envy ***
@arianbehnami1050
@arianbehnami1050 7 ай бұрын
Rest in Peace. The world has lost one of its greatest.
@eddylauterback1312
@eddylauterback1312 3 ай бұрын
Thank goodness we have these videos to learn from
@Bravo_Alpha
@Bravo_Alpha 2 ай бұрын
Amen 🙏
@charlieyoung1492
@charlieyoung1492 24 күн бұрын
RIP❤
@PINGPONGROCKSBRAH
@PINGPONGROCKSBRAH 6 жыл бұрын
God, he's still so sharp even at 90.
@thomasedmonds6658
@thomasedmonds6658 5 жыл бұрын
Yoda, personified.
@mohammedhasen7083
@mohammedhasen7083 3 жыл бұрын
@Evan Hodge 10.000
@kemchobhenchod
@kemchobhenchod 9 жыл бұрын
Starts at 8:30
@xiaodongsam
@xiaodongsam 8 жыл бұрын
TY!
@narumoljongsawat5070
@narumoljongsawat5070 7 жыл бұрын
Sam Li Jack cost vac.
@crypticsaturn9970
@crypticsaturn9970 5 жыл бұрын
Thanks
@dustinneathery9492
@dustinneathery9492 4 жыл бұрын
😘
@joelwarby6112
@joelwarby6112 4 жыл бұрын
wubbalubbadubdub The hero we didn’t know we needed
@neilvarghese9138
@neilvarghese9138 4 жыл бұрын
As much as I love Buffett, no one comes close to Munger's straight shooting style
@shengwu6044
@shengwu6044 3 жыл бұрын
First time I heard Munger speak...Warren is more polish and inviting. Munger is a straight shooter, which is good.
@hondusspa
@hondusspa 3 жыл бұрын
Most of the Berkshire meetings are G rated... that is until Munger starts speaking!
@Bhavesh_verma
@Bhavesh_verma 8 ай бұрын
​@@hondusspawhat's g rating? Can you please explain
@msr4668
@msr4668 7 ай бұрын
@@Bhavesh_verma it means "suitable for children to watch"
@InvestorCenter
@InvestorCenter 4 жыл бұрын
Why doesn't this have more views?! Great pieces of wisdom from Charlie Munger.
@dwijeshgowda3273
@dwijeshgowda3273 2 жыл бұрын
Because sadly, cringe has more value today. :(
@shashankkumar8448
@shashankkumar8448 Жыл бұрын
Because brilliance requires mental price which not many are willing to pay!
@maikaimakena9424
@maikaimakena9424 5 жыл бұрын
What an amazing man. Grateful that he shares his mindset with the rest of us.
@TheHappyangel8
@TheHappyangel8 10 жыл бұрын
Thank you ......Charlie is absolutely amazing!!!! Need more brilliant and candid people like Charlie to make this world a better place!!!
@recoveringheart
@recoveringheart 12 жыл бұрын
Wow... It just blows your mind to see such a knowledgable person. It should be someone like him who should captain our country...
@dogestranding5047
@dogestranding5047 4 жыл бұрын
"I'll be 87 in January if I make it." And now he's past 96 years.
@steejayk
@steejayk 3 жыл бұрын
At that age you just can't be sure..
@41357500
@41357500 3 жыл бұрын
hu h????????????????
@batissta44
@batissta44 3 жыл бұрын
god bless
@41357500
@41357500 3 жыл бұрын
@@broadcast_bar nope
@riteshkoranga5298
@riteshkoranga5298 2 жыл бұрын
97 now
@Abeladamu
@Abeladamu 6 жыл бұрын
Society watch's Justin Bieber 100 million times but this has 100k views. That explains why only a few get ahead for generations. Educate yourself with wisdom like Munger while we have them.
@xavierdiaz9536
@xavierdiaz9536 5 жыл бұрын
Abel Adamu who is just in beiber?
@kokwah5517
@kokwah5517 5 жыл бұрын
The wise and wisdom and smart , from day one are always minority! I hope I have answered your comment on Justin's was viewed 100 million times but Munger only 100 k views!!!
@andrewgoulding
@andrewgoulding 4 жыл бұрын
This really says a lot about our society
@pbc1ism
@pbc1ism 4 жыл бұрын
Abel Adamu Who really cares about that irrelevant statistics. Just let the dumbs, be dumber, and if you're wise, be wiser still. Let's just be grateful that this valuable information is available to US who are interested for a minimal cost. Nothing is free, we all paid our own service provider to get on the Internet to get on KZfaq.
@dileepjayamal9968
@dileepjayamal9968 4 жыл бұрын
Positively, 100K good people are more than enough to change the entire system.
@denisplouffe514
@denisplouffe514 Жыл бұрын
Wonderful experience for me to be exposed to his wisdom. Thanks to all involved.
@dominikdabrowski7082
@dominikdabrowski7082 5 жыл бұрын
This was filmed Sept 14, 2010
@jiangmouren
@jiangmouren 7 ай бұрын
You will be missed Munger.
@MATGO
@MATGO 5 жыл бұрын
Love this dude...so truthfully brilliant!!!
@joeybasu516
@joeybasu516 12 жыл бұрын
What a hidden KZfaq treasure!!
@tanneroz5752
@tanneroz5752 3 жыл бұрын
Charlie took me by surprise when he started to talk about solar and Li-ion batteries. He correctly predicted the cost of batteries would drop faster than most people thought 10 years ago. I am surprised he did not allocate more financial resources to accelerate the transition from hydrocarbon sources to solar as he was exceptionally good at articulating the problem and solution.
@Cagmito125sportsbikespares
@Cagmito125sportsbikespares 2 жыл бұрын
My thoughts to, talks about it but does not allocate capital to it so perhaps prefers coke or snickers to solar.
@nukm4
@nukm4 Жыл бұрын
My guess is that he felt it was outside of his circle of competence. Doesn't matter that he thought the solution was going to come, he needed to be able to judge where it was going to come from.
@lesleyjohnson8488
@lesleyjohnson8488 Жыл бұрын
Buffett says you can know something is the future, like airplanes in 1906 or automobiles in the late nineteenth century, but that doesn’t mean you know how to make money investing in it. Hundreds and even thousands of companies have gone bust while correctly predicting the future of technology.
@tanneroz5752
@tanneroz5752 11 ай бұрын
@@lesleyjohnson8488 Thanks for sharing.
@tinnguyen2219
@tinnguyen2219 5 жыл бұрын
Thank you so much for sharing this useful data! Greatly appreciated.
@TB1M1
@TB1M1 4 жыл бұрын
Brilliant man. People who lived through depression and wars have such a unique no nonsense outlook. There is so much wrong in large company systems today. Most seem to want to better themselves but still then reach the plateau of status quo when instead of being rewarded they should be demoted. The ego should not be rewarded. Also there is a big difference between leader and manager. Munger never allowed himself to get to that point!
@shengwu6044
@shengwu6044 3 жыл бұрын
This is like MJ and Scottie Pippen...how does such brilliance work together? Putting ego aside and just getting down to the business.
@davidallen8611
@davidallen8611 4 жыл бұрын
this guy is more gangsta than lil wayne
@ThisisAngieM
@ThisisAngieM 2 жыл бұрын
Loving this in 2022
@danwatson2757
@danwatson2757 Ай бұрын
Didn’t even stop for a sip of water. Knowledge and wisdom bombs left, right and centre. Inspiration
@joebeam9051
@joebeam9051 5 жыл бұрын
Yay. Becky is a great interviewer and Charlie a great interviewee
@chrisagada
@chrisagada 4 жыл бұрын
1:20:15 - major opportunities in life are few. Learn to recognize and seize them boldly.
@SimplyAndy
@SimplyAndy 3 жыл бұрын
A great introduction, I would have to say. Looking forward to listening to the rest too.
@jso19801980
@jso19801980 4 жыл бұрын
becky quick, charlie and warren must be good friends by now
@ackilla86
@ackilla86 10 жыл бұрын
i like how he sits...lol
@kalpeshkalal7736
@kalpeshkalal7736 5 жыл бұрын
@Ed literallly
@FighterFlash
@FighterFlash 5 жыл бұрын
Awesome portrait with gangster rap in background
@pgaquigz1125
@pgaquigz1125 4 жыл бұрын
Like he’s the head of the gambino family
@marceldwayne8491
@marceldwayne8491 3 жыл бұрын
Men sits all day, he is an expert when it comes not doing anything lol 😂
@OhihnEDM
@OhihnEDM 3 жыл бұрын
@@marceldwayne8491 or he has a disability and still has more capability than you and your whole families lineage combined
@samfindlay4775
@samfindlay4775 3 жыл бұрын
I don't read self help books. I watch Charlie Munger rant.
@maikaimakena9424
@maikaimakena9424 3 жыл бұрын
Very very wise MAN. THis should be mandatory listening ⚡️⚡️❤️🙌
@hotchinahk
@hotchinahk 2 жыл бұрын
What I have learnt from Charlie Munger in this video, Simply in life and be happy...........Thank you
@nibilengunliedguruworkushi2290
@nibilengunliedguruworkushi2290 4 жыл бұрын
Bacs was here -Oct 2, 2019 jeff’s audit class
@156615
@156615 7 жыл бұрын
ABSOLUTELY BRILLIANT !!
@StringDeposit
@StringDeposit 4 жыл бұрын
2 hours with Charlie, wow. (Or The Berkshire Hathaway Q&a sessions) . people ask me have i seen this or that Hollywood film, this or that TV show , , do I like this or that political topic . . . 2 hours with Charlie. Becky. How lucky we are. Thank you so much to everyone who brings these people to the public. Thank you .
@chloeduan8301
@chloeduan8301 7 жыл бұрын
He is so wise and so funny!
@alfredotto7525
@alfredotto7525 Жыл бұрын
I agree 100% with Charlie on this. We need to get rid of the crazies and put more people in charge who are more sane. We need the people who make these huge piles of money every year to pay their fair share in taxes.and by fair share I mean as a percentage of income. If the average person pays 25 to 30% in taxes there is no reason that people who make a few million can't pay the same rate as the average Income earners.
@JamrockVybzTV
@JamrockVybzTV 2 жыл бұрын
We love you Charlie
@virgentina4757
@virgentina4757 2 жыл бұрын
Thank you so much guys good evening everyone fantastic speach especially sir charlie Munger thank you so much sir
@thetillerman23
@thetillerman23 5 жыл бұрын
My God...we will be lesser when men of his caliber have passed. Charlie Munger is a special breed. I sure hope that the subsequent generations can muster up the wherewithal to slow down and think. Because that’s what it takes to create the moral fiber to operate the way these fellows do.
@etfeddiecrosley92
@etfeddiecrosley92 Жыл бұрын
(2010) Says "he'll be 87 in January, if he makes it" fast forward 2022 still rockin' it 😆 OG
@charlieyoung1492
@charlieyoung1492 23 күн бұрын
Thanks for sharing it's really useful, like read " Poor Charlie's Almanack" again
@ConeDaRagusa
@ConeDaRagusa 9 ай бұрын
Great moderator and host and amazing guest
@vernefits1953
@vernefits1953 3 жыл бұрын
Great school
@TheDHEL13
@TheDHEL13 9 жыл бұрын
Thank you for sharing, he truly is remarkable! Quote of the day: Suck it up and cope!
@shanushirpure
@shanushirpure 7 ай бұрын
watching this too late but yet very relevant ❤
@ivanyu1122
@ivanyu1122 3 жыл бұрын
Can someone please inform me, in the beginning of his speech, he said there was a problem with universities buying the same "something" are in for a disappointment, what exactly was he talking about?
@mhayato3
@mhayato3 3 жыл бұрын
1:18:00 “...real opportunities that comes to you are few, ....when you find one and you can recognize clearly, seize it boldly and don’t do it small...”
@edingilic8046
@edingilic8046 3 жыл бұрын
Mr. Munger is so far ahead of his time. GO BLUE! 💙💛
@ManojKumar-1985
@ManojKumar-1985 2 жыл бұрын
No higher resolution for camera's 10 years back...just takes away the joy of viewing
@seandunn1128
@seandunn1128 2 жыл бұрын
Content, idiot. Try to understand the world doesn't revolve around you.
@asonyutonny7635
@asonyutonny7635 Жыл бұрын
There people God should give a special privilege to live forever.. Charlie should be one of them.
@Peacefrogg0
@Peacefrogg0 4 жыл бұрын
"People Starving in the dark, that's what communism will do for you"
@fawa.z
@fawa.z 4 жыл бұрын
But there’s China
@Lerppunen
@Lerppunen 4 жыл бұрын
Abdulla Fawaz China only started developing once they allowed foreign investments and private ownership of capital goods.
@carsonmills8228
@carsonmills8228 3 жыл бұрын
@@fawa.z yes China has had the biggest famine of any nation Mao killed more than hitler ever could. They’ve now adopted capitalism please learn a tiny bit.
@Stewiehleba
@Stewiehleba 3 жыл бұрын
Most of the Soviet block had better nutrition than comparable capitalist countries. Just fyi
@logtothebase2
@logtothebase2 2 жыл бұрын
listened, still speaking.
@y5mgisi
@y5mgisi 2 жыл бұрын
I like listening to Charlie, at least as much as Warren.
@harshitmalhotra4845
@harshitmalhotra4845 3 жыл бұрын
“I mean the groupies have followed me here” 😂
@user-uj8hn4gf9g
@user-uj8hn4gf9g 5 ай бұрын
Its many decades ago . What we need to be mindful of
@danielottenwalder3945
@danielottenwalder3945 Жыл бұрын
I wonder where the q&a participants are today
@joeybasu516
@joeybasu516 12 жыл бұрын
Personally, it's ironic to hear Mr. Munger talk about the lack of atonement from the accountant "adults who could have fixed it," or from "idiots & knaves selling shoddy mortgages on ridiculous theories;" because it was the 2008 real estate crisis which sparked my interest in going to b-school in the 1st place. As a bartender living in Santa Monica, CA at the time, I'd seen about half of my clients have their lives wiped out. I just wanted to be a part of keeping that from happening again.
@allenjacob9514
@allenjacob9514 4 жыл бұрын
wall street had an amazing run from there.. of course, its easy to quote looking back... but we have another similar hopefully not worse situation now, here at 2020... the people feel the same way again
@mspiggymarketing396
@mspiggymarketing396 4 жыл бұрын
Study the life and writings of Lee Kuan Yew. You did answer the question sir. Singapore is a beacon of hope to all nations that seek rightness and goodness. 😀
@danielhenry253
@danielhenry253 2 жыл бұрын
26:16 "Politicians are never so bad you don't live to want them back."
@steviemccallum
@steviemccallum 13 жыл бұрын
Great video. Thank you for sharing.
@elvisdouglas3581
@elvisdouglas3581 2 жыл бұрын
Charlie would be an amazing president if that was is goals with that said we can learn so much from is wisdom. I'm a better person from is knowledge. Thank you so much.
@Blessed.90
@Blessed.90 4 жыл бұрын
What a strong message!
@NoLikeNoSub
@NoLikeNoSub 2 жыл бұрын
Legend.
@vincentmurphy9252
@vincentmurphy9252 4 жыл бұрын
must watch
@FrankGarcia24
@FrankGarcia24 9 жыл бұрын
So much straight forward wisdom from this guy! What is the word he says at about 26:00: "If you think the accountants failed poorly?.....Washington set a new record. I have a rule for politics, which has served me well in making predictions. And that I "_____" to you. The politicians are never so bad that you don't live to want them back"
@DreuxDunit
@DreuxDunit 6 жыл бұрын
"Quick claim"
@TheFinancialDev
@TheFinancialDev 3 жыл бұрын
"quick claim", he does tend to mumble his voice sometimes; but I guess that'll happen when you're 90! 😂😂😂
@benjaminkoontz7798
@benjaminkoontz7798 2 жыл бұрын
I am 29 and I have a long way to go
@DexterHaven
@DexterHaven 4 жыл бұрын
34:43 Charlie's heart doctor must have told him not to look at Becky's legs, just to be safe.
@erich9779
@erich9779 2 жыл бұрын
And why is that?
@DexterHaven
@DexterHaven 2 жыл бұрын
@@erich9779 Don't play dumb. Or maybe it's not an act in your case. Maybe you did the best you could.
@erich9779
@erich9779 2 жыл бұрын
@@DexterHaven ok im more confuse now and less confuse when I didn't ask the question 😂
@booneguy
@booneguy 3 жыл бұрын
Charlie - The Most Complete Aggregation of Encyclopedias.
@Historyteacheraz
@Historyteacheraz 6 ай бұрын
Lots of great advice and insight. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great book for those who want to learn more.
@ablphbt
@ablphbt 6 ай бұрын
Starts at 8:11
@joeybasu516
@joeybasu516 12 жыл бұрын
"What we have is WAY better than nothing."
@User12345fan
@User12345fan 27 күн бұрын
When was this?
@bovinebear2979
@bovinebear2979 2 жыл бұрын
I wish someone would transcribe this whole video.
@davidallen8611
@davidallen8611 4 жыл бұрын
was this recorded on razor phone?
@jonnes__4657
@jonnes__4657 6 жыл бұрын
Love Becky, love Charlie, but why there is no information when this was recorded ?? .
@user-km3hv8qo9p
@user-km3hv8qo9p Ай бұрын
It was recorded late 2010 or early 2011 I believe. Someone cited sept 2010 which is likely.
@mmm-cake
@mmm-cake 4 ай бұрын
👏👏
@GrumpyCat-mw5xl
@GrumpyCat-mw5xl 2 жыл бұрын
If this talk was given today it would all be the same 10/23/21
@alicestewart5453
@alicestewart5453 4 жыл бұрын
I like that story about the man who no one will talk to you after New Year’s of clean house which I like all your stories though
@fawa.z
@fawa.z 4 жыл бұрын
Overdosed on lMathematics.... love that
@kurtneven6612
@kurtneven6612 5 ай бұрын
Respect Charlie ✌️
@0x12d3
@0x12d3 11 жыл бұрын
begins in earnest at 8:30
@VinhNguyen-kq8jg
@VinhNguyen-kq8jg 5 жыл бұрын
Wonder if there is a transcript for this talk?
@dewinmoonl
@dewinmoonl 5 ай бұрын
Guy was investing in BYD 12 yrs ago. That's insane foresight
@rosss6617
@rosss6617 4 жыл бұрын
I love you old timer …
@rosss6617
@rosss6617 4 жыл бұрын
Met many girl was light to do different things How do you understand anything this going on
@brianburkie7516
@brianburkie7516 11 жыл бұрын
When exactly was this filmed? In the middle of 2008? Or slightly later.
@jimtwisted1984
@jimtwisted1984 4 жыл бұрын
Brian Burkie 2010
@rwaanabarnes7166
@rwaanabarnes7166 3 жыл бұрын
Love his candor. So crazy to think that his uncle struggled but my family literally couldnt even live in glendale or even get that drafting job or own real estate in that "family system"
@AFMEGAT
@AFMEGAT 10 жыл бұрын
can hear everytime he gulps
@ronit.pereira7172
@ronit.pereira7172 2 жыл бұрын
1:18:44 The best part
@putinsgaytwin4272
@putinsgaytwin4272 2 жыл бұрын
No excuses
@oneisnone7350
@oneisnone7350 3 жыл бұрын
He went off the rails a little bit in the end. Lol
@jn3750
@jn3750 3 жыл бұрын
Dude is so smart the Army had to send him to Caltech to study
@Sills71
@Sills71 3 жыл бұрын
The main problem is using up hydrocarbons too fast.... that was 2011 and in 2020 that looks wrong... oil is $40 a barrel. Seems like we have enough oil.
@investireocaminho33
@investireocaminho33 4 жыл бұрын
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