Berkshire's 2023 annual shareholder meeting: Watch the full afternoon session with Warren Buffett
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- เผยแพร่เมื่อ 5 พ.ค. 2023
- Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
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
who is your advisor please, if you don't mind me asking?
Amber Dawn Brummit 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.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Amazing to be 92 & 99 and capable of managing Berkshire and understand what's happening around the world. I hope I can get out of bed at this age, let alone do what they are doing. LEGENDS.
No kidding >__< These two are amazing
.u
They must be androids or something- it just can't be possible...
poor america, like hongkong, i look at their movie stars and feel sad.
😂 Another kool-aid drinker, legacy old white men with connections with #Epstein 🏝 and these fake as comments 😑 It's so lame that enriched old white men can't create a believable organic dialog online or real life cause real people can see thru it no matter what, They Live!
With world markets tumbling, inflation soaring, the Fed imposing large interest-rate hikes, the treasury yields rising rapidly, market manipulations, and many other factors makes me wonder if people still make profits from all these investing BS.
Not Bs with the right information and steps, one can make over a million from the market in a day go ask Grant and other top investors. Believe me or not as a noob investor myself, I have made over 45K from the market in a few months.
Hi Patrick, do you use a spreadsheet... Can I see it?
@ RandolphwagnerThe concept of using spreadsheets has always seemed incredibly time-consuming and superfluous to me. My investing accounts mirror that of a sec-regulated advisor, Adam Brossard Wright it's a very transparent and automated method, I don't have to be active during trades. There are commissions though.
From today I have made 3.301% on my trading account. I'm almost 71 Y.O. and am using this extra money to help pay for the odds and ends that I want as a retiree. Anyone can do it with the correct knowledge, skills, and patience. Best of luck to you going forward.
Hi Patrick, Thanks for the pointer. I will try out maybe for a month or two. I hope I am convinced.
These two guys possess more wisdom and common sense than the entire US Congress and White House.
Not many TH-cam videos I'd watch over 2 hours, yet here I am.
Watching Munger calmly eating candy while Buffett speaks in his soothing voice - is a sort of therapy.
he eats nuts, nut case
Lol. Love it
😂
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
Google " katefxfloretta " anywhere take classes to learn to trade.
having a mentor is also very important when it comes to Trade, with out that, it can be very frustrating.
How remarkable that the last question that Charlie Munger would ever answer at a BRK annual meeting would be a legacy question about passing on wisdom, and his answer could be paraphrased as, "All of us just do the best we can, including me." Simple yet profound end. Thank you Charlie for all the years of wisdom.
Warren and Charlie I wish you both a long and healthy life. Thank you for inspiring me in so many ways. Your wisdom is timeless.
wisdom, or lack of answering questions?
Bro they're 90+ elites, let them go alredy 😂
@@starbean2910 nope, cant.
they’ll probably find this statement offensive 🤣
Bit of a wasted wish.
Charlie killing it with the cookie … one little bite at a time
😂😂😂
Warren Buffett is energetic for his age.
A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.
In other words, an advisor-managed portfolio would average 8% annualised growth over a 25-year period, compared to 5% from a self-managed portfolio
@@marcorocci-ct7kw I agree; for over 17 months, I've been in contact with an investment advisor. Nowadays, it's really simple to invest in trending stocks, but the challenge is knowing when to sell or hold. To support me with entry and departure points, my advisor steps in. Within 18 months, I've accrued almost a million dollars from an originally stagnating reserve of $300K.
@@geraldantonio3160 I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them? It Intrigues me to keep learning.
@@geraldantonio3160 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@@geraldantonio3160lol scam bots
I can't believe that this is here for free on TH-cam. We are truly blessed to be living in our times. God bless the United States of America! 🚀
Agree, Warren Buffett and Charlie Munger are American Royalty, how wonderful that you have them in your country 🇺🇸
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
@@zoeytank2921 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@zoeytank2921 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
I don't own Berkshire, but I keep watching this video and come away full of humor and smiling ear to ear every time. Got to love these guys.
I would love to own Berkshire stock but its expensive right now
@@viktorholmberg6931 That's an excuse. In time its cheaper then it will be.
Better start getting a few shares!
How these two great guys remain highly mentally intact and on top of their games has to be the eight wonder of the world
Its because once you stop using it, you start loosing it.
I actually enjoy watching them speak...priceless.. ❤
Paid comments are entertaining to 👀
@@divadfenrir-ur1gs so, I would paid to hear THE WEALTHY SPEAK..
Love how they keep this humourous and fun
Ignorance is bliss 😊 ⛽️ lighting ✨️ the plebs to the qrc lines.
That’s what happens when you do what you love
Amazing amount of wisdom these 2 gentleman have to offer.
Thank you Warren and Staff of all Cnbc for allowing us access to view this meeting ❤
I hope these guys live forever.
They will
in our hearts & minds
me too, sadly growing old means watching all the people you admire turn to stardust
"We aren't as good as Japan bc they're better at thinking..." That's why I love Charlie. I hope I can be like him when I get old. Forget the money, I wanna be free to speak my mind as bluntly as humanly possible
You can do it now, stop being an automaton
time stamp?
@@jamesbyrne9312Not if you’re a junior employee. Sometimes you can’t. They can do it because they have power.
@dogestranding5047 then don't be an employee, go do something
I genuinely mean it when I say that this economic recession has left me incredibly angry and exasperated. I have good companies bought but instead of making profits I've lost over a quarter of my portfolio since a year.
I've been considering hiring a financial advisor, but I'm torn between choosing a male or female advisor. Who do you think would be more trustworthy?
The 2022 stock market downturn still lingers, and with ongoing inflation and the Federal Reserve's plan to raise interest rates, the financial industry expects further fluctuations. Recent research by Wells Fargo and Vanguard shows that women tend to approach investing in a more systematic manner. They demonstrate greater patience, make fewer trades, and often achieve superior risk-adjusted returns compared to men. I love my advisor "Avery Barnes Whidden" she exemplifies this trend.
Out of curiosity, I looked up your advisor's name.on thee web because I'm in dare need of financial assistance. what I found about her was intriguing. I'm preparing to contac her right away to learn more about her services.
I didnt know Buffet and Charlie were this humble...❤❤❤🙏
That's why they are great investors. In investing if you got cocky your return will be a lot less.
I love these guys!!!!! National treasures
Everyone listening to Warren while Charlie continues his cookie munching….lol
Hugely valuable resource as always.
Watching these guys is phenomenal , in that Charlie is 99 years old and Warren will be 93 on Aug. 30 !! This really has to make one question the wisdom of retirement. I don't know that working 40 hours a week is the way to go, but wonder if 20 or 25 isn't the way to go. You see people flourishing at 90 , when such a small percent of their contemporaries are still with us. I would all but guarantee these guys would be a shadow of their selves if the would have retired at 62 or 65 or whatever . The government doesn't want us living much after retirement for economic reasons. To change Social Security so that one could invest the portion that is not payouts or insurance would easily cover people living much longer.
It's called having money and doing what you want. Not being enslaved by the system. I've always believed that when you have money and you are able to stay active doing what you want, even if it is regular type work, but doing it WHEN you want, on your own accord, that too is retirement in itself. A lot has to do with mental health, mental activity.
They are doing what they enjoy and at a pace of their choosing - for them it's not work, they pay people to work on their behalf.
Rest in Peace Charlie. The world has lost one of its greatest minds.
I'm attending the shareholders' meeting this year for the first time. And it's sad that Charlie's gone.. Thank you for your lifelong teachings.
Om Shanti Charlie...i loved the way you speak bluntly...which i do as well... so that is the only thing common between us...lot of learning from you. A Wise man and lived his life to his fullest.
Only a smart and good man can speak the truth in blunt terms. Any idiot can weave meaningless lies.
I wish a long and healthy life for Warren and Charlie. With share of wisdom for many decades.
In work for a Berkshire owned Company in Germany. I resigned because they thought that a salary of 13.70€ per hour is a fat salary for somebody with almost 40 years of experience, fluent in 4 languages. I use these languages every day for +40% of our customers. I am the only one in a team of 30. Top ranking in sales figures. Talk tot your German management many People in the Aachen branche are and wil be leaving in the near future. They are making the wrong HR desicions. A succesfull branche is going down the drain.
My 90years on earth 🌎 MY BIGGEST INVESTMENT MISTAKE don’t let your children born in America🇺🇸 let them born overseas🇮🇳 bring them to America on their 21 birthday🇺🇸….
My portfolio:
50% USA index
15% China shanghai index
10% China Hong Kong index
5% Australia index
10% European index
10% BRICS index minus Russia (2020)
I have owned real estate business for the last 50years.. I find what kills the golden goose is the fees: Management fee NYcity 7% Selling fee: 3-4% Property developer profit margin: 30-40% if you can cut out the fees from hedge funds you will get amazing results.
Also the other problem I found with Made in USA children.. my children forgot how to hussle!! They are so used to having their own bedroom they don’t know what it’s like 10people sharing one toilet. If Elon Musk wasn’t born in South Africa and seen the black poverty line in Africa he would have never hussle” as hard as he did in America🇺🇸 Welcome all immigrants to the 100million club✌️
All great dialog. Thanks. Please visit Pilot without notice and make sure things are to your liking. Thanks for all the profits.
Look at charlie just munching his way out of trouble 😂 people will miss him.
Charles Munger RIP! GOAT investor! LEGEND!
Your videos have helped me become a much better trader. Thank you for all the hard work you put into them.
WARREN IS AN ABSOLUTE ICON he's smarter than anyone
One the best meetings yet
Didn't know the grandpa from "Up" was a finance genius.
More people need to watch this
Blessings 🙏🏾❤🙏🏾 Words cannot express these guys contributions to society and business world. Charlie no longer with US. Mr. Buffett breathing is laboring, 7 mths ago. Hope he is doing much better and enjoying greater health.
Great advice from both men.
Bless 🙏🏾❤️🙏🏾
Charlie was full of investment wisdom. Many of these lessons are shared in A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger.
LEGENDS.
it's great to hear Warren Buffett's positive outlook on the safety of deposits in the United States. However, it's important to keep in mind that investing in any financial institution does come with certain risks. As you noted, it's crucial for individuals to conduct their own research and due diligence before choosing where to place their money. It's also wise to diversify investments and not solely rely on one institution. By taking these steps, individuals can make informed decisions and better protect their finances.
What an incredibly vanilla, kmart, off brand, run of the mill comment that literally adds nothing to the discussion
Hi ChatGPT
@@charliesims2380 it's an AI
A lot of good points from these two legends, though some are dated. However, Warren's comments on corporate tax is spot on. 0% (effectively) corporate tax is absurd and is hurting the economy of many nations. If individuals have to pay tax, corporations should too, especially if they are legally seen as "persons" (citizens united, which is a whole disaster in itself). The tax burden should be SHARED. I truly believe this would benefit the economy in the long run, including profits when people have more to spend and the US, for example, could invest more in infrastructure, education, making sure people are healthy and not going bankrupt due to medical bills (again, more to spend and save -> healthier economy). Its pretty basic in my view.
Ok someone needs to say this: there were some really dumb questions in there. Elon musk? Lawyer career advice? Cmon guys, you have 1 question to ask this legend and u ask that?
Thanks.
I woke up at 33:30 and thought this was a comedy sketch
The problem with the system, as we will all find out in the coming years, is that the government backs deposits for banks and backstop mortgages for most of America. This moral hazard has fallout! It's no good saying that executives should not get compensated for exploiting these backstops. We privatise profits and socialise losses. Continuing to do so solves nothing.
Thank you.
Outstanding conference
Great value time in my life with this is videos
So this is Charlie last shareholder meeting....?
Your previous video was really good! Man, please, make more videos about that theme🍈
I watched all of this and the 13 year old's question is the one that worries me most , and it should worry you too! The US cannot continue to increase the already ridiculously high national debt of 31 trillion and counting! It's all very well saying the country who prints money in it's own currency cannot default, but as true as this is, unlimited money printing has dire consequences - rampant inflation , destruction of savings and equity values , inability to fund public services etc. It needs to be dealt with as a matter of urgency !!
It is always worrying when a 13 year old is the smartest person in a room full of adults.
And the solution is trivially simple. Increase taxes a little and cut spending a little. The longer we wait, the more painful the fix will be.
This is a great video I really appreciate the
dedication in each video you post, I learn a lot
watching your videos and it has always been
helpful to me. Building a steady income is
quite difficult for newbies.. Thanks to Gustavo
Hillard for improving my portfolio. keep up
with the good videos.
Thank You!
I love the person sitting next to WB...surely must be a great personality n very knowledgeable too....how cool...superb....Who is he by the way? My love to him with deepest respect... Is nt he Dearest Charlie Munger Sir...
Amazing !
The " afternoon morning session ". What time was that ?
11:59am
These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Joseph Sullivan Anderson. Passive income is mandatory for building long term wealth.
Working with a professional financial advisor or analyst can help you spread out your investments in different places, which can be beneficial to your overall investment strategy
During the 2008 financial crisis, a well-diversified portfolio with bonds and other assets in addition to stocks outperformed a portfolio heavily invested in stocks alone. I looked up Joseph Sullivan Anderson on the internet, and his credentials speak for themselves. I'll definitely go with him.
Right now, I'm literally grasping at straws, so your advice couldn't have come at a better time! After doing a quick internet search for him, I intend to call him.
Scam alert
RIP charlie Munger. A LEGEND HAS BEEN LOST. I hope warren is ok, he has lost a long time friend and partner and that can take its toll also
An absolute legend. Definitely will be a void in the world with his passing.
I can't believe Charlie turns 100 in 3 months... most people never reach that let alone stay active in their career
Appreciate very much program
the only 2 men with integrity and billions, god on them
Munger says more with 25 words than Buffett does in 2500 words. Why does the company want to put Howard in charge? They apparently think Greg Abel will make changes.
Great Jobs!
Investment Bank which are actually Privaye Equity Firms...Didn't theu roll all the "investment banks" into the bigger commercial banks? Did the commercial banks take on the behavior of investment banks..."Irrational Exuberance" - Greenspan
Insightful
Charlie - "I don't think having a bunch of Bankers all of them trying to get rich leads to good things. "
i like it when munger reaches out for the cookies, and looks at the crowd................
These two are examples of working till they drop. Within 5 years they'll not be with us if everybody can be like them. They work so hard all their lives and yet they'll give all their money back to society.
In 5 years you might not be with us, but they could still be here. Younger people than them die every minute of the day. Death doesn't care about your age, race, or what you have going for yourself. The Grim Reaper comes for all ages at any time. Age is a privilege, not a right.
Very Good. Thanks.
Rest in peace charlie!
bro what was charlie eating he last 99 years lol
Nice insights
Charlie nails it, he said..... Banks are about bankers who whats to get rich and not a good thing.
21:39 it is best to start to be assertive and self righteous at an young age
Besides the obvious (reasoning, knowledge, wisdom), look at the way he pays attention to people.
munger's last berkshire hathaway annual shareholder meeting ❤
may he rest in peace
Pete Flaherty, chairman and CEO of the National Legal and Policy Center, was arrested and charged with criminal trespassing by police in Omaha, Nebraska, even though his name was on the list of attendees for the Berkshire Hathaway shareholder meeting.
“I apparently touched the third rail of billionaire politics when I mentioned Jeffrey Epstein’s name,” Flaherty told The Daily Signal on Monday. “I’ve been involved in shareholder activism for 19 years, and I have never before had my mic cut and I was never before arrested.”
Great guys
"INTEGRITY" over time always provides ...
These two O.G.'s are TheTruth!
Little Greta kinda had a good question 1:00:30 now ask about the movement of oil by rail vs pipeline, there is a little bit of emissions coming from those trains?
I wish he'd let Charlie talk more
Rip charlie munger 😢
I wanna know what Charlie is eating. Long life biscuits ??
Warren and Charlie are amazing Heroes everyday for USA and America Thank you Warrwn and Berkshire Hathaway ❤
Remove toxic people out of your life immediately ❤
Charlie R.I.P
These two are adorable ❤❤❤
Very good
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.
@shawanderson2684 That sounds great and what signal do you invest with?
It mind boggling thinking how Malcom X and Warren Buffet are born in the same city🤔
Historic event, Buffet and Charlie’s last dance 🥲
1:32:16 LOVED the reality check Warren did on taxes.
Anyone know specifically how Charlie died?? Just old??