Warren Buffett & Charlie Munger on the value of historical data

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5 жыл бұрын

Warren Buffett and Charlie Munger reiterate that Berkshire Hathaway cannot continue to compound money at 23% per year and highlight the value of historical data. From the 1995 Berkshire Hathaway annual meeting.
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Пікірлер: 60

@TheIcelandicInvestor 4 жыл бұрын

If you become a student of history you are better prepared for the coming highs and lows.

@dodid0 2 жыл бұрын

I think for Warren and Charlie, their biggest strength is that getting rich is what they find fun. Most people find Being rich fun, and want to skip the process that makes them rich. Warren and Charlie love the process, and that's why they're so good at it. You're good at what you love. Being rich is simply an ancillary benefit of loving businesses

@brunomatias9124 2 жыл бұрын

‘Advanced math is of no use in the investment process’ Mathematical awareness is essential. Exercise it as much as possible. Learn to prioritize and select . Read Graham and Fischer Look at the Valueline numbers; exercise that muscle… Look for businesses you want to own forever

@GEMSofGOD_com Ай бұрын

💯 Using the same method Munger describes immediately shows the world to me

@barbararosetta9402 4 жыл бұрын

I always enjoy listening tp Warren and Charlie. Thank you for the information

@rahulshah5967 3 жыл бұрын

Thank u so much for these wonderful videos. These r worth their weight in gold....

@Rocket_Man 5 жыл бұрын

Dude much love for these two man!!

@Sills71 3 жыл бұрын

Information becomes less valuable as it becomes more available... over the course of Warren's life information has went from pretty hard to get to incredibly easy to get.

@suntzu6122 5 ай бұрын

Both of these bankster dweebs will be wrong about bitcoin.

@PrimeHarbor 5 жыл бұрын

Thanks again for the upload

@The_Financial_Review 5 жыл бұрын

Thanks for the support!

@pcprincipal7099 5 жыл бұрын

Both Warren and Charlie have given me so much confidence when it comes to investing. I myself I'm not a big fan of mathematics. Like Warren said you dont need 150 IQ just confidence.

@hasnainabbasdilawar8832 5 жыл бұрын

Wrong. All I get after study both of these guys is that you gotta be very under-confident about your decisions

@lakshmimondal3808 5 жыл бұрын

@@hasnainabbasdilawar8832 i agree.but not about investment but about the eventuality of that investment. As the future is uncertain

@tiendoan1333 4 жыл бұрын

Unlike them, you weren't born into a rich family

@cletus2941 4 жыл бұрын

except ironically they both have 150 plus IQ's

@sidgoku1694 4 жыл бұрын

@@tiendoan1333 they weren't either.

@Adam-ui4ef 3 жыл бұрын

Who picked out Warren's suit? Colonel Sanders?

@s.a.g.thinking2575 5 жыл бұрын

Very good

@chooselife3000 5 жыл бұрын

This channel is beautiful and very useful and interesting @The Financial Review +The Financial Review

@The_Financial_Review 5 жыл бұрын

Thank you!!

@ReflectionOcean 4 ай бұрын

1. **Elaborate on the challenges of maintaining growth in a large company** 0:00 2. **Learn how to better invest without needing advanced mathematical knowledge** 0:12 3. **Understand that achieving a 23% compound rate from a massive base like $12 billion is nearly impossible** 0:48 4. **Prioritize reading extensively, including annual reports and investment texts** 2:52 5. **Use Value Line numbers to compare businesses effectively** 3:14 6. **Read historical material to gain a deeper understanding of businesses** 5:00

@GEMSofGOD_com Ай бұрын

3:25 - 3:35 guys. This is gold.

@CoolBeans45 5 жыл бұрын

Anyone know what “log scale paper” Charlie is referring to, in regards to value line reports?

@RobertBrown-ke8zp 5 жыл бұрын

CB, Here is what they are talking about. www.valueline.com/uploadedFiles/Valueline/Tools/Small_and_Mid_Cap/Reading_VL_Report_WEB.pdf

@CoolBeans45 5 жыл бұрын

Robert Brown , thanks a lot man. I actually stumbled upon that a while back but didn’t think it was what he was referring to. I’ll be sure to go through it. Thanks again!

@laspro508 4 жыл бұрын

@@RobertBrown-ke8zp Thanks a lot

@iscratchmybutt 4 жыл бұрын

@@RobertBrown-ke8zp do you know why some of the stocks don't have Value Line reports? i can't find it even for big companies like Pepsi or Mastercard

@rocknrollcanneverdie3247 Жыл бұрын

What was the answer? I'm lost

@jamesm.3967 Жыл бұрын

Re Math …tell that to Jim Simons😮.

@raqueldominguez7834 3 жыл бұрын

Con palbras se construye, hasta se puede fabricar otro mundo, pero la realidad es la realidad,el que nunca necesito nunca sabrá el verdadero significado de esa palabra 💌

@BibinBCherian 7 ай бұрын

1:50

@minimalisthealth 2 жыл бұрын

Somehow find it amusing that Warren Buffett reads articles from the 1930s FOR FUN!

@schafer18 4 жыл бұрын

3:10 munger best advice

@faisalsyed1515 4 жыл бұрын

What was he talking about?

@moheuddinsehab 4 жыл бұрын

@@faisalsyed1515 he is talking about value line numbers. Search it on Google. But basically they provide companies historical numbers each year going back 15 years with one page report every year. So in essence this basically gives you an idea of how to relate numbers with companies and investing.

@MrsGG-id1os 5 ай бұрын

@@moheuddinsehabthank you

@Bmayo27 4 жыл бұрын

5:00 - Think on that one. Had I been born earlier, and lucky enough to meet a young Warren Buffett ......it would have been obvious that this is a unique and exceptional individual. He’s doing stuff “for fun” that most people wouldn’t do with a gun pointed at their head.

@phillipngongo7398 2 жыл бұрын

Warren meant Probability" by saying mathematical awareness.

@robbybee70 2 жыл бұрын

I'm glad he stopped with the red coat, feels like getting stock advice from the local Marriot bellhop

@susymay7831 Жыл бұрын

A very savvy bellhop!

@alanjimenezguzman7969 4 жыл бұрын

@Stephanie-nz8ig 5 жыл бұрын

They were wrong about Growing!!!!! 12 billion is small to them now!!! Try half a trillion

@lakshmimondal3808 5 жыл бұрын

He is always cautious as you should be. I think that's why he was 'wrong'

@Stephanie-nz8ig 5 жыл бұрын

I agree! @@lakshmimondal3808

@bighands69 4 жыл бұрын

He was not wrong. He did not grow at 22% he has grown 12 billion to about 500 billion in 25 years at about 16% which is still an excellent growth rate.

@susymay7831 Жыл бұрын

If things go bad for the legendary Warren, he can always get a job as a bellhop if he shows up in his red coat! 😂. Though I could listen to Warren all day on both life and investing!