Charlie Munger On BYD, Tesla, Alibaba and Bitcoin - Daily Journal’s Shareholders Meeting - 2/15/2023
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- เผยแพร่เมื่อ 14 ก.พ. 2023
- Billionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation.
The live stream of the Daily Journal Annual Shareholders Meeting will take place on Wednesday, February 15 at 1PM ET.
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Charlie Munger speaks at the Daily Journal's Annual Shareholders Meeting - 2/15/2023
I'd never be in the market if I sold off whenever I saw a youtube video screaming SELL OFF, yes stocks are pretty unstable at the moment, but if you do your math right, you should be just fine. Luxury brands like Dior, Louis Vuitton and Mercedes sales are booming lately, so I think there's enough money to go around if you know where to look.
without doubt, I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself, made $750k in the past 9months and it still shocks me how ignorant I've been all these years. it all boils down to strategies and it's rightful application.
'Jane Irene Sawyer' is the asset-coach that guides me, she is quite known, so you can just search her info on the net and you'll see it.
I curiously just checked the portfolio-coach you use Jane Irene Sawyer, her resume is topnotch, exactly what I need to stay afloat this crazy times.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. 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.
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
I'd recommend Colleen Rose Mccaffery. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial markets.
crazy you would ever gamble everything, but im gambling like 80% into btc.
36:43 BYD Vs TESLA
45:24 BABA
49:52 TSM
53:53 BTC
59:44 COST
Thank you!
Thanks lol
Thanks a lot for this
He is soo right on BTC.
Gracias
IS IT REALLY WORTH INVESTING IN STOCKS AND SHARE? CRYPTO? S&P 500? I'M LOOKING TO INVEST BUT BEING PUT OFF BY THE STOCK MARKET. OR INVEST ELSE WHERE? I have a pension with work, i'm in my early 30s but have spare money approximately $53,000 that i want to invest what would you recommend?
in my view yes, you need to invest in something otherwise you lose to inflation. Also you need to think long term, hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
@@shirleneunglesbee1423 That's correct,. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an finamcial-advis0r. That same year, I pulled a net gain of $550k, which is about 10 times more than I average on.
@@kansasmile That is really impressive. This year, I'd like to make a finamcial change as well. What is the name of your invstment advisor, and how can I reach this person?
@@kansasmile I looked up your advisrr's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.
I've been in touch with a coach for a while now mainly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions. I made over $220K during this dip, which made it clear that there's more to the market than we average joes know. Having an investment advisor is the best course of action right now, especially for near retirees.
@@trazzpalmer3199 Fantastic! can u share more details of the advisor?
@@graceocean8323 I am being guided by “Maria Juliana Ramirez” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@zoeytank2921
When in doubt, zoom out!
Headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
Especially during an inflationary period, investors should exercise caution when it comes to their exposure and new purchases. Only under the guidance of a qualified expert or reliable advisor are such large yields in this recession achievable.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own.
I've heard that this Is a great time to buy. But now that inflation is at an all time high, I have money sitting in my bank account that I would really like to use. Would it be okay if I looked up this coach you mentioned?
Viviana Marisa Coelho is the financial advisor that helps me. She has a large following and is easily found online. She has extensive understanding of the financial markets.
Thank you; I checked out Viviana Marisa Coelho's qualifications on her website and they are excellent. I sent her an email, so perhaps she would welcome more applicants.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@Isaacmeide Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@kevsmills Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@ellamezo Isabel Linda Dueri” is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@kevsmills Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
The stock market rally still appears to be in the midst of a normal pullback. I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Find stocks with market-beating yields and shares that at least keep pace with the market long term. For a successful long-term strategy you have to seek guidance from a broker or financial advisor.
I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came by a coach, commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the coach, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following her guidance. I took a vacation to Bahamas this summer just to reward myself a little for the consistency lol
@@lawerencemiller9720 True, 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 yo help?
Having a counselor is essential for portfolio diversification. My advisor is EILEEN RUTH SPARKS who is easily searchable and has extensive knowledge of the financial markets.
Found her webpage, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
If life gives you lemon, you make lemonades, so at this point instead of waiting for stocks to crash or recovery, focus on how to profit off the current market, Bloomberg, WSJ, BBC business(just to mention a few) have been recording cases of folks averaging 350k in 12weeks, so there's money being moved around if you know where you're looking
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months
@@lathamwilfred1181 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@kathiewest5842 Having a coach is key to portfolio diversification, My advisor is “Isabel Linda Dueri” You can easily look her up, she has years of financial market experience
@@lathamwilfred1181 Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
@@marianparker7502 Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@Natalieneptune469 that's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you
@@Robertgriffinne Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Corinne Cecilia Heaney, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
@@Natalieneptune469 Corinne Cecilia Heaney really seem to know her stuff. I found her webpage, read through her qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
A king holding court chomping down peanut brittle. This man is just incredible. Such wisdom.
He's great isn't he. What a life well lived. How is he not diabetic
@@VapeandJuiceTV There is people who have amazing genetics.
A financial treasure who's not niggardly with his knowledge and wisdom.
@@VapeandJuiceTV Lol if you notice he drinks diet coke :-p
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $ 850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting sto_cks in many industries that you might follow. You don't have to act on every fore_cast, so I'll suggest that you work with a FA who can help you choose the best times to purchase and sell the shares or ET Fs you want to acquire.
Having an invest[-ment advisr is the best way to go. Based on a direct encounter with a CFP named 'Deborah Sue Bohn'', I can say with certainty that their skills are excellent. She helped raise over $ 580,000 in 6 years for my retirement .
please can you leave behind the info of the F/A guid=ing you
Most likely, you can find her basic inform-ation online; you are welcome to do further study.
I've come across a lot of recommendations but this one stands out.'Deborah resume is pretty sophisticated, and shows she was active during the last bear market, I also emailed her. Thanks for the info!
We need more men like Charlie Munger in this country. His wisdom and knowledge has changed my life. I wish I had found you sooner but very grateful for him.
Me too
Oh my.. 🤣 I have such a hard time with the last sentence.
You should probably read Thoreau, if you want wisdom you certainly won't get it from someone who's goal is to hoard wealth.
We feed work animals as cheaply as possible and they love us for the occasional apple. Don't be a mule.
But every coin has its flip side, for all the wisdom he might have, he also got quite an ego and is somewhat cold hearted, he had been arguing for the abolishment of FECA, arguing that it has been misused and its better to leave out the one who actually need such protection so that nobody can exploit the system, in addition he argues that its better to be harsher because it forces people to be more careful in workplace, obviously he haven't worked a day in dangerous occupations otherwise he would obviously see the flaw in such arguments.
@leoa1893 he doesnt live on my dime…do you know who lives on my dime? The corrupt politicians and govt.
@@fsdds1488 Someone like me can accept the so-called cold side. I never expect a perfect role model.
We are so lucky to still have Charlie. He's a national treasure, I hope he stays in good health despite old age for many more years.
Nah bro. The time has come
He is also a World Treasure 😊
@@dakshayanihh1104 lol. your time maybe
Dude is a senile billionaire.
don't worry, he will become the new oldest individual ever existed
Making a million box is easy. I made a couple of millions trading in 2022. What is hardest is making your first million. Don't give up but ensure to take the right steps as each financial decision you make can make or mar your finance. Peace
I started investing about 2 years ago. But with the way things are going, I honestly do not see my self making a million box anytime soon. I trade on stocks but my profit and loss margin are grossly miles apart
It is very possible for you to achieve your financial dreams but it is also not unusual for you to lose money in the short term. Investment values go up and down, rather than run away if your investment value drops, investment takes patience. Also, you are most likely to succeed if you seek the services of an investment advisor. It will help you build a better diversified portfolio
Can you leave the info of your investment advisor here? I’m in dire need for one.
Usually i don't respond to this type of comments as people always think its always spoofing around here INGRID CECILIA RAAD is her name i did look her up and she is registered under various regulatory bodies.
@@johnlennon232 really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
The adviser I use is actually quite known, you might have heard of her, Eileen Ruth Sparks, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Mrs Stacy Huth
Stacytrad10 HER USER NAME...'
she's active on TELEGRAMS with the name above 👆....
I also prefer this method than just hodl for a future that we are not sure about.I have been getting massive profit off the market from using her system also
Positive remarks is all I have read and heard about this Mrs Stacy Huth for a while now. Would try this out with my 3.2 Btc
Almost makes me emotional to watch him speak these days: I hope this treasure of a man stays on as long as possible.
Every day could be his last. Lol.
Just so everybody knows, Charlie meant that Berkshire invested 270 million into BYD (now worth 8 billion). He simply misspoke when saying 270 thousand. He was thinking 270 million.
The top 10 businesses from thirty years ago are no longer the top 10. Market leaders alter every 20 to 30 years. The SP500 takes in a wider market, pushes start-up stocks from the Russell, and NATURALLY (without liquidation or selling) establishes a stake on it over time, much as what occurred to Tesla. As long as you don't sell it, the SP500 would likely to be heavily weighted toward the best-performing equities, just like a typical portfolio. Apple makes up 7% of the index since it increased in value over time. The SP500 is a self-correcting portfolio. Facebook did go down, therefore its impact on the portfolio has decreased over time to the point that we no longer perceive it altering or having an impact. Following this principles, i have been able to amass over $800k worth of tesla shares.
Hold on to long-term, profitable companies DON'T CHECK IT DAILY. Hold for 5-10 years. Companies having plenty of cash, such as AMZN, GOOG, TESLA, etc., should not worry. These businesses resemble mutual funds in and of themselves. They have stakes in numerous ventures. JUST STOP, furthermore, purchase now while they are discounted.
@@patrickbrussels4454 I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
@@Erikkurilla01 We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "FLORENCE YAGODA", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $243k since January
@@jessicasquire Wow! That is astounding. Where can I find this Advisor? I have to profit from the market's decline.
@@seanlan9325 Look her up online; she has a website where you can get in touch with her.
At 99 and still can think so brilliantly with so much clarity... amazing man!!
His answer to the ChatGPT question was a rambling mess, so I disagree.
Its the penut brittle like he said lol. I dont know if drinking Coke with it is good but seems to be working. How can you not love
Mr. Munger.👈♥️
Maybe thats why he doesnt understand bitcoin, he only knows the stuff he did his whole life and cant or doesnt want to learn a new technologie that will change so much for the good. Would be interesting to hear his opinion about the internet protokol http back then.
@@13hubi13 BITCOIN DOESN'T DO ANYTHING AND HAS BEEN AROUND 13 YEARS. TELL US SPECIFICALLY ABOUT WHAT IT WILL CHANGE "SO MUCH FOR THE GOOD". LOOKING FORWARD TO YOUR REPLY.
@@supermash1 it allows people that dont have access to get a bank account to finally be able to send value around the world for very cheap. Not all people have the privilege like we have in our system and they need bitcoin for that. Also when a country devalues the local currency they can save their savings if they put it into bitcoin, some currencys loose over 70% every day and people cant even afford to buy a meal with their monthly salary because their local currency gets destroyed in a short time and they loose all they savings.
Also its the first time you dont need any middle man like a bank or something like that to send transactions, no one can block your transactions and no one can freeze your account. Thats something we needed for a long time and bitcoin is the solution for that and for many more things. You have to study bitcoin for many hundred of hours that you can understand it better and better, even if you study it thousand of hours you probably dont understand it fully. Its the first time we dont have to trust anyone, eveyone can verify it so nobody can lie or manipulate. Its pure truth and the most secure network ever created.
Best Daily Journal Q&A session yet. Thanks very much, Charlie. Much appreciated.
agree
2021 and 2022 were quite prescient - in a rather eerie manner - in terms of Charlie's predictions : he predicted the war and the elevated inflation worldwide.
Well it's also essential to note that time in the market is better than timing the markets. This has been one of the reason people don't make it in financial markets, the basic of investing is buy low and sell high. For newbies willing to invest in stocks or create passive income for themselves, Look for projects with potential that will change your financial destiny.
I agree with you however this requires technical know how, consistency and experiences.
@@danalves47 You're correct, reason why I work with a financial advisor. Risk management, early entry and exits points, access to own stocks which is isn't available to the general public, these are few of many advantages. My life has changed and my approach to financial market better with lot of profits.
@@matteoantonio4644 Is it possible for someone from Australia to invest in US stocks?
@@glendoragruz5766 Absolutely you can but you need a licensed broker from the US to be able to do that, this is what you get investing with a broker who's licensed in different states.
@@matteoantonio4644 Do you mind sharing info about your advisor?
The show starts at 4:35
Charlie Munger has taught me more about business, decision making, money and life than all my college classes combined. By 3x or more.
gl, whatever he says he does opposite. When he was saying never time the market, they were selling. When he is talking about BYD, he is selling. You are his exit liquidity.
@@Kankasin Yup! Just as he said "anyone who buys crypto is an idiot" and etc... Whatever they trash-talk, buy, whatever they push, sell.
Also, as far as inflation goes, inflation is the dollar's and US's least worry because much worse things are about to happen to both (but also partially because of said inflation itself).
The world is dedollarizing... soon the USD won't be the world's reserve currency anymore, and the US will default, won't be able to print money to fix it's economic downturns OR inflation, hyperinflation will begin, a rush to alternative assets and gold will begin (already has), and the US/western empire will officially be over, with the EU/NATO having the same exact situation... thus the world will shift towards Russia, China, India, UAE, etc... So if any of these rich old dudes are talking about how great investing like the past 50 years is going to be today or going forward, they either don't know what they are talking about or are, as you said, searching for exit liquidity.
Facts
I agree with all you said but still, faith is a weird thing, the USD kingdom is based on faith at this point, it could drag on, awful as it might be, believers will defy reality, unless they literally drop dead from it
Charlie has taught me "those closest to the money printer, are most benefited, the ones furthest away pay for others to benefit due to their time". Bitcoin exposes incentives and Charlie has exposed himself
Great show Becky! Charlie was on point at 99. Pithy comments, bringing up names from 50 years ago. Really amazing. Go grateful he's still with us.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
@@dianarabbanii2 I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@naomigonzales9663 Mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.
@@angeladeem2988 Julianna Dawn Morales is widely known. You can verify her and use her services if you want.
@@naomigonzales9663 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Thank you Charlie, Steven and Becky. You're the best!
Becky Quick did a great job in conducting this. It was a treasure to watch
Yes
This man has more data points than Chat GPT
We need a Charlie Munger Chat bot
There might be an economic turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met FLORENCE YAGODA , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Search her name on the web you will see all you need to know about her.
Thanks for the info . Found her website and it really impressive
I love this guy. I hope he's around for a long time.
At this point it's eternity
Don’t count on it. He’s 99. He has a 99% chance of dying before 100
Define "long". 🤣
@@imawesome1822bruh
I find Charlie's take on insurance quite fascinating. Only insure against things you can't afford to pay for yourself, otherwise self insure if you can.
Still going! He's taught us a lot over the years.
Munger is always interesting, and we are all grateful to still have him around to share his wisdom. So thanks to him. But special thanks for CNBC and especially Betty Quick for making this feature so pleasant and informative. It isnt an easy job to juggle all the live Qs and positioning to Charlie in a simplen format, whilst keeping us all entertained. KUDOS to Betty and the CNBC team 🙏
Coudnt agree more.
becky is so professional.
Charlie is near the 100 century mark, his mindset still very focused and quick .
He's near the century mark, or the 100-year mark, but he's pretty far from the 100 century mark.😉 He is brilliant and funny.
@@JohnPMiller You beat me to it lmao. Which part of the UK are you from?
@@jwatson9732 I'm from the part in Colorado.😉
@@JohnPMiller That kind of pedantry makes you an honorary Brit. Welcome to the team, I'll go put the kettle on :P
He is a marvel, at 99 if a person can have this level of health, intellect then one can surely consider themselves to be one of the luckiest people in the world
Rewatching this tonight. It’s really just wild that he sat for almost three hours answering questions at 99
Thank you for uploading promptly - look forward very much to this. Admire Munger's mental vitality. 99 years of accumulated wisdom and life experience - priceless.
This is an amazing look, deep into the mind of Charlie, thanks to Beckys unrelenting probing for the most uncomfortable answers, taking names, calling names, and being exactly who he is. Best CM interview in history.
Very good interview, despite the control room’s shambles.
Maximum respect to Charlie!
I can't thank you enough for what Charlie Munger has taught over so many years. One of my favorite quotes this time is "Keep trying to improve all your life and you've got about half a chance, if you don't do it you've got no chance". Just wonderful!
"Opportunity comes to the prepared mind" I love this quote from him
Truth
Charlie is such an amazing person and a sheer genius in common sense!
Common sense? He doesn't even understand why people would want to buy into the best performing asset class in human history lmfao.
@@jwatson9732 let’s see what the bezzle will turn out to be.
Thank you Charlie for sharing your wisdom. You've changed my life.
10:40 Q&A with Charlie starts
That's crazy that Charlie has lived through so much stuff to sit here and talk to people through smart phones
The learning is off the scale. Thank you CNBC
I hope all the best to this fantastic human being. Hope we can still have a few more years of this
Charlie munger best, honest business & moral teacher in the world..
❤ Long live Munger!!
Thanks to all. Great talk
Considering the recent price action, inflation and current economic state, I say it would be hard picking the right asset
Have you considered financial planning? Honestly, a huge part of my pt growth came this bear market been able to scale from $18k to $57k following guidelines from my coach. It’s basically knowing when to buy or sell.
@@maryalchester Right! I’ve also had a substantial increase following the help of a professional. I’m barely on the market. It’s about choosing what suits your capital and time. Learn at your pace.
@@maryalchester mind me asking who coach is?
@@aliyunko9689 personally it’s best to look out for one locally but currently, I’m Juliet Eve Downey has been of great help. A little low on ROI but worth the rate.
Because of our constant desire to handle things on our own, we are in a perilous financial position. It's imperative to manage time, so you must delegate. Interesting that you mentioned looking things up. Having encountered a few, Juliet Eve Downey had been of great help though I warn forehand that her rates are somewhat high. Then again, better safe than not.
The brilliance and "wiseasery" of Charlie Munger have miraculously advanced commensurate with his age.
Thank you Charlie! Keep smiling...and killing that See's peanut brittle!
It's a pleasure to hear Charlies words. Thank you CNBC!
Thank munger he keeps it real and stays on topic i.e stocks/business, nbc focuses on negativity/politics and border racist anti china etc
@@GawrGurasBathTubPizza fair enough
Fantastic mindsets and he is 99 years 💪. A national treasure. Thank for all the wisdom Charlie.
49:44 on TSMC was a great 4 minute section! Love Charlie's wisdom
What I was looking for thank you
Talks about leverage: 42:00
Talks about Crytpo: 53:20
Thank you, Charlie.
99 years old and still wise and super Rich!
Charlie, we love you!
Thank you CNBC for running this.
Amazing man. He will be memorialized forever! Recognizes "Greatness is Good" Thank you Sir.
A summary of this would be awesome
absolute legend. Love Charlie' honesty.
This just made my day! Glad to see Charlie well, my mentor and my best friend
Go Charlie!! You are the best!!
Thx Charlie and CNBC❤
Does anybody know from which year DJCO began to have annual meeting with Mr. Munger?
Eating Cookies and Doing Interview is a real trait of a Boss!
Was it filmed this year???
Our greatest Notional Treasure at 99. thanks for all the lessons, and I which you a great health.
Does anybody know what watch Mr Munger has on? Thank you in advance :-) David.
The interview was so quick witted and calm when the audio outage.
This guy is incredible… if most old people were like him we’d have an incredible civilisation.
I love Charlie, I feel honoured to have attending to BRK Shareholders meeting to see him live - such a gift to the investing community
Regarding tesla vs byd, Charlie doesn't know tesla makes about 17%, over $9k on each vehicle compared to BYD $1.5k on each EV. TSLA is far ahead with optionalities BYD can not offer anything in comparison but will sell well still.. tesla is apple and BYD is the Samsung of the world
It's fascinating how he's talking about geniuses and remarkable people, while being as amazing as he is. I'm glad he is well, and hoping for many more years for him.
Charlie is a treasure, thank you for this interview.
Poor Charlie's Almanack is my next read. Can't believe I haven't gone through this one yet.
Becky you are an awesome moderator!!!👏👍🔥👌
Another Masterclass! Thanks Charlie, see you next year!!
he just does these for the peanut brittle
Thank you Charlie
amazing interview CNBC with the occasional gem
“The young man knows the rules and the old man knows the exceptions”
it's amazing, thanks
I don't know how Becky controlled her laugh but I was dying when Charlie took shots on crypto 🤣🤣
I thought we see her do a spit take when he referred to event arbitrage as "Jewish Treasury Bills".😆 In all fairness, he was quoting Benjamin Graham who was the grandson of a Rabbi and whose real last name was Grossbaum.
She is used to him t-bag crypto on a yearly basis
It has now become very obvious there is a huge distinction between Bitcoin (as the legitimate and growing global store of value) and alts (all basically scams and/or unregistered securities). Each market cycle a bunch of innocent and naive newbies learn this lesson, which means each recovery cycle Bitcoin becomes stronger (of course again enviably accompanied by alt scammers preying on the new cycle of newbies into this space). Bitcoin is freedom for all of us. United with Bitcoin we stand. Diluted with shitcoins we fall!
99 and still crunching peanut brittle
can anyone tell me what watch is mr. munger wearing?
1:27:45 most epic candy crunching
Thank you Charlie, thank you Becky.
Terrific, words of wisdom and American integrity.
This is gold, thank you
I was going to cry when munger spoke of his friend
Charlie and his great-great-grandson,priceless.
any of you guys have opinions on stock SVOL? im loving it so far 17.80% monthly dividend
This is my favourite interview of all time!
Brilliant interview - thank you
Enjoyed it, full of wisdom as usual. The sound guys need to get their act together though.
Outstanding!!!!
I think Becky is a treasure!
Big-up to Becky Quick for her professionalism handling the TERRIBLE technical problems evident in this meeting.
She has my full permission to hit those responsible.
Love Charlie! He is such a wise man!
So much wisdom!!!