Charlie Munger: How to Get Rich During Inflation

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  • เผยแพร่เมื่อ 7 พ.ย. 2024

ความคิดเห็น • 138

  • @InvestorCenter
    @InvestorCenter  8 หลายเดือนก่อน +4

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  • @jeremyhicks2449
    @jeremyhicks2449 8 หลายเดือนก่อน +63

    Rip Charlie

  • @reedjack6564
    @reedjack6564 8 หลายเดือนก่อน +37

    If my economist ain't got eyes like this, then I don't want him. Clearly, this dude has been staring at numbers and figures his whole life. Respect.

    • @JohnnyCarutasu
      @JohnnyCarutasu 8 หลายเดือนก่อน +2

      I was laughing with hiccups. Great guy nonetheless.

    • @BrockKnocks
      @BrockKnocks 8 หลายเดือนก่อน

      Dumb comment. If you have nothing intelligent to say then say nothing.

    • @reedjack6564
      @reedjack6564 8 หลายเดือนก่อน

      @@BrockKnocks you obviously lack meme culture so I'll leave you to the supremely intellectual circles you exclusively inhabit.

  • @mayalucia-
    @mayalucia- 4 หลายเดือนก่อน +50

    Transfer of wealth usually occur during inflation and market crash at times like this. So for me,this is time for aggressive investment. The more stocks drop, the more I buy. I'm just focused on making better investments and earning more as recession fear increases.

    • @Mariagreta-gv9le
      @Mariagreta-gv9le 4 หลายเดือนก่อน

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @danutalucia
      @danutalucia 4 หลายเดือนก่อน +1

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @Mariagreta-gv9le
      @Mariagreta-gv9le 4 หลายเดือนก่อน

      Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @Adrianaluca-um6ny
      @Adrianaluca-um6ny 4 หลายเดือนก่อน

      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.{

  • @martinreilly41
    @martinreilly41 8 หลายเดือนก่อน +23

    “In reality, Charlie was the ‘architect’ of the present Berkshire, and I acted as the ‘general contractor’ to carry out the day-by-day construction of his vision.” - WB

    • @AwesomeDude272
      @AwesomeDude272 7 หลายเดือนก่อน +1

      Really? Wow. Buffett is so humble. Respect.

  • @HuahKueh
    @HuahKueh 8 หลายเดือนก่อน +21

    so the summary is just 2 points. 1 ) invest in asset light business. 2) spend well below your means. but how does it get me rich?

    • @Q-154
      @Q-154 8 หลายเดือนก่อน +14

      You answered your own question. Doing what you said will increase your net worth over time.

    • @davidhuffman9182
      @davidhuffman9182 8 หลายเดือนก่อน +1

      SIMPLE/ By applying these methods to a 30 /40 year lifestyle plan like Charlie & Warren have done . Sounds like you maybe looking for a get rich quick method? Its Not Rocket science !! Just Simple Math & Disciplined lifestyle ! It works! married @ 16yr old, 3 kids,7 grandkids ,GED only, NO family money or inheritance ever. All happy & healthy & never needed or tried to keep up with the jones down the block. No pensions ether! will retire @ 63 with Zero debt & more than a 8 Figure NET worth! lookup Choose Your hard on the internet quote. THEN CHOOSE YOUR HARD that you can live with !

    • @yeetboi268
      @yeetboi268 8 หลายเดือนก่อน +1

      @@Q-154 nuh uh, earning more is how to get rich, investing or saving wont unless you are already rich in the first place

    • @scottjboswell
      @scottjboswell 8 หลายเดือนก่อน +10

      Earning more won’t build wealth unless you are living below your means. If you are living below your income - you can save/invest. Investing is building wealth. This works regardless of your income level.

    • @mattboh69
      @mattboh69 8 หลายเดือนก่อน +1

      charlie says get your first 100k into compound interest assets and let the compounding take over

  • @Frankjacob387
    @Frankjacob387 8 หลายเดือนก่อน +6

    Inflation has a more pronounced impact on individuals compared to a downturn in the stock or housing market because it directly affects the cost of living, which people immediately feel. It's understandable that negative market sentiment is currently widespread. Assistance is essential for navigating and surviving in this economy.

    • @Kin-28-8
      @Kin-28-8 8 หลายเดือนก่อน +1

      Anyone have recommendations for a reliable monthly investment? I hope to ultimately supplement my income from work with a monthly income from investments. I will still make long-term investments, but it would be wonderful to have a little additional money each month.

    • @ben_dukeson
      @ben_dukeson 8 หลายเดือนก่อน

      Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky to be exposed to personal finance at an early age, started job at 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

    • @Agatha.wayne0
      @Agatha.wayne0 8 หลายเดือนก่อน

      that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you

  • @joec2083
    @joec2083 7 หลายเดือนก่อน +3

    All of the tutorials here are only effective if you have money to invest. Most people are living check to check on a daily basis. When the feds raise the rates most people live a check and a half behind every week.

    • @cookster69
      @cookster69 3 หลายเดือนก่อน

      I live on 28k a year at my parent's house, saving around 1.5k a month and investing that into my portfolio. If you live on the bare essentials it is simple to build wealth

  • @libertyjustice2703
    @libertyjustice2703 7 หลายเดือนก่อน +4

    The only way to make money during inflation is to be rich to begin with. Without money to invest, its pointless.

  • @Edward-zw9ld
    @Edward-zw9ld 7 หลายเดือนก่อน +5

    So, let Charlie talk and forget the play by play

  • @jamesp8459
    @jamesp8459 8 หลายเดือนก่อน +8

    Airlines are one of the many garbage investments I never make, their debt loads only increase overtime and they can never seem to get their heads above water financially. Airlines are also highly cyclical and at times need the tax payer to bail them out so they can continue sucking at running a business.

    • @sterling2p
      @sterling2p 8 หลายเดือนก่อน

      I heard that they hid the real business in the frequent flyer miles part of the business.

    • @inertiaforce7846
      @inertiaforce7846 8 หลายเดือนก่อน

      I only bought $250 of Delta airlines when covid occurred because I knew their business sucked lol 😂

    • @buddyacesmxbc1055
      @buddyacesmxbc1055 2 หลายเดือนก่อน

      ​@@inertiaforce7846 it only sucks if they can't get you to your destination

  • @MasonChris-kr4mu
    @MasonChris-kr4mu 8 หลายเดือนก่อน +38

    I committed $600K into some real assets like infrastructure and also looked into certain types of fixed-income securities. The idea is to have a balanced portfolio while taking advantage of the current liquidity environment. What are better strategies to optimize my portfolio?

    • @PhoenixReborn-v6v
      @PhoenixReborn-v6v 8 หลายเดือนก่อน +1

      I suggest you diversify into alternative investments that could benefit from the liquidity-driven market conditions. Or better contact an expert to help Taylor your portfolio

    • @Damncars456
      @Damncars456 8 หลายเดือนก่อน

      Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

    • @MasonChris-kr4mu
      @MasonChris-kr4mu 8 หลายเดือนก่อน +1

      Pls can you recommend this particular coach you using their service?

    • @Damncars456
      @Damncars456 8 หลายเดือนก่อน +4

      NATALIE ANN BRINKMAN is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @MasonChris-kr4mu
      @MasonChris-kr4mu 8 หลายเดือนก่อน

      Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @sebholding
    @sebholding หลายเดือนก่อน

    Keep in mind that you are taxed at 20% on that 8% "nominal return", so your real return after substracting 6% inflation isn't 2%, but 0,4%

  • @AnandajiMusic
    @AnandajiMusic 7 หลายเดือนก่อน

    In the thumbnail, he looks like yoda that got its ears chopped off. Just make him green and give him pointy ears😂

  • @owenpalma2982
    @owenpalma2982 7 หลายเดือนก่อน

    RIP...my greatest mentor...from Philippines...

  • @Eden639
    @Eden639 7 หลายเดือนก่อน +2

    Very good and well explained. Thank you

  • @44godson
    @44godson 7 หลายเดือนก่อน

    People are focused on revenue but inflationary premiums are apart of the equation because of the assumption of effects on particular returns. Supply and demand on on security might have more volatility of lets say commercial real estate. During COVID times, there were tremendous losses during this time period of operational costs, and nobody was actually in the office to maximize returns by being there. Hence, things were conducted remotely. So even if steady revenue were still coming in from the business but was it enough or above that of the return on having that physical asset. So a stock may have elements involved of people were buying less in store, but the demand for online and 3rd party purchasing (Uber Eats, Amazon etc.) So businesses that operate online strictly vs a brick and mortar, had better returns because operational costs were actually lower.

    • @buddyacesmxbc1055
      @buddyacesmxbc1055 2 หลายเดือนก่อน

      The problem with brick and mortar businesses is that they usually try to sign you up to their own credit cards with savings but have hidden charges I'm not sure internet services are better but seems like it was the safest place for shopping considering the criminal element talk about hidden charges 😂

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons 8 หลายเดือนก่อน +1

    Elon should make a humanoid robot of Charlie Munger for Warren 🤘🏼😝

  • @Sky1
    @Sky1 7 หลายเดือนก่อน

    "Transitory" yeah, right!

  • @mjs28s
    @mjs28s 7 หลายเดือนก่อน +2

    Munger is either lying or ignorant of what he has.
    He is always going on about how diversification is not smart, like @6:30 yet Berkshire holds dozens of companies across multiple sectors outright and shares in dozens of publicly traded companies. His stock holdings that are lying inside of Berkshire has him WAY more diversified than my two dozen stocks and ETFs all across multiple sectors.
    Then he just blindly adds 'apartments' with no granularity. Well, pretty sure it isn't a couple of fourplexes all in the same complex. In 2021 his investment in the apartment company is quite large and diverse to the point that in 2021 alone they bought / added 1,700 more units (a $423 million investment). Afton has units in multiple states.
    But ok, focus like a laser, Charlie.
    He was very diversified yet, for decades, he acted like he was highly focused. Just because you have 5 dozen (or more) investments in businesses that you own outright or shares in but under title of one entity doesn't mean you are highly concentrated.
    Might as well own an ETF that invests in the largest 1,000 companies on the planet and tell people that you are so highly concentrated that you only hold one investment while leaving out that investment is spread out over the planet and across every market segment.
    Then, @9:48 this video repeats his Charlie's lie.
    Berkshire's public portfolio, at this moment, is 47 different equities including an S&P500 Index ETF!

    • @veger5872
      @veger5872 7 หลายเดือนก่อน

      Agree 110% Munger and Buffett never give up the real magic to getting rich; in other words, they are both very selfish!

  • @tylerfoss3346
    @tylerfoss3346 7 หลายเดือนก่อน +3

    How much longer can I continue listening to this very annoying....like....robot audio in this video.

    • @guldtegel
      @guldtegel 7 หลายเดือนก่อน +1

      For real…stop drawing your last syllable out it’s irritating. You sound like a stereotypical Beverly Hills floosy when you talk like that. Like, OMGeeeeee Beckyyyyyy, stop talking like thaaaaaaaaaat 🤦‍♂️

  • @SarahStuff-p5u
    @SarahStuff-p5u 7 หลายเดือนก่อน

    Enjoy the security of decent rates on bonds and bank cd's about time they start to pay again.

  • @bdawg333
    @bdawg333 7 หลายเดือนก่อน

    Raise the rates. Correct the problem. Get back to a productive economy.

  • @AS91ist
    @AS91ist 8 หลายเดือนก่อน

    Yeah, but at the end of the day you need to have asset heavy businesses in your country..

  • @ptliang011
    @ptliang011 8 หลายเดือนก่อน +4

    Thank you so much!! Please make more!!!

  • @tiktokintheplanet7831
    @tiktokintheplanet7831 7 หลายเดือนก่อน +1

    Rip Charlie. Really helpful video for us who living in hyper inflation.

  • @mikkimikki5376
    @mikkimikki5376 7 หลายเดือนก่อน

    Thank you, Charlie. ✨Rest in Peace.✨

  • @aprlk
    @aprlk 8 หลายเดือนก่อน +1

    berkshire is a huge basket of diversification so I don’t understand this video 100%

  • @dougparson4407
    @dougparson4407 8 หลายเดือนก่อน

    I was averaging 21% ROI on my rentals before the money printing. Due to the cost of everything going up I had the lower some rental rates and now average 15%. This is still a good return on Investment however profit rates on an investment should go up and not down over time. Inflation makes most things go backwards to most people and is controlled by the Federal Government and Central Bank. Who you Vote for in State & National Elections does Matter !!

    • @RoniMogy
      @RoniMogy 8 หลายเดือนก่อน

      And you will with more immigrants and rent controls. 21% was not sustainable anyways, no business makes 21% pure cash.

    • @dougparson4407
      @dougparson4407 8 หลายเดือนก่อน

      We have forecasted 22.5% by 2026 - after Trump gets in and fixes things. I averaged between 25% and 35% ROI on all my flips except the 1st one. Don't let other people limit your mind or your earning potential.

  • @yankeedoodle6293
    @yankeedoodle6293 8 หลายเดือนก่อน +4

    Very informative vid. TY

    • @InvestorCenter
      @InvestorCenter  8 หลายเดือนก่อน

      Glad you enjoyed the video 😊

  • @Barr894
    @Barr894 8 หลายเดือนก่อน +1

    One huge flaw in this analysts. When inflation hits double digits as it will when they print trillions more to support the growing deficits and tax cuts the next president will brings the everything bubble will collapse. That’s includes all stocks real estate bonds and commodities. For now, the fed will be soft as the election approaches and the market will hit new highs as the AI euphoria continues.

  • @southernsweettea3478
    @southernsweettea3478 8 หลายเดือนก่อน +3

    What’s the point in printing all that money when we know we’re gonna pay for it in the end.

    • @slowbastardo9101
      @slowbastardo9101 8 หลายเดือนก่อน

      Called buying votes.....

    • @__-qn7tg
      @__-qn7tg 8 หลายเดือนก่อน +5

      Re-election is the point. It’s a short-sighted political move.

    • @yankeedoodle6293
      @yankeedoodle6293 8 หลายเดือนก่อน +1

      We’re not

    • @Meepoli
      @Meepoli 8 หลายเดือนก่อน +2

      The people printing and the people paying are not the same people

    • @southernsweettea3478
      @southernsweettea3478 8 หลายเดือนก่อน

      @@Meepoli right!

  • @marksgoogle4360
    @marksgoogle4360 8 หลายเดือนก่อน

    wheat and gold. Food and real money

  • @kmilesSC
    @kmilesSC 8 หลายเดือนก่อน +4

    You are amazing

    • @InvestorCenter
      @InvestorCenter  8 หลายเดือนก่อน

      Thank you 😊

    • @kmilesSC
      @kmilesSC 8 หลายเดือนก่อน

      @@InvestorCenter You are so welcome. I would love to meet you one day

  • @karl851
    @karl851 8 หลายเดือนก่อน

    Gdp down dept up or flat = inflation

  • @davepelletier708
    @davepelletier708 8 หลายเดือนก่อน

    Thanks for the detailed explanation of the obvious!

  • @robertclarkson6064
    @robertclarkson6064 8 หลายเดือนก่อน

    Thank you 👍👍👍

  • @robertsamuel2990
    @robertsamuel2990 7 หลายเดือนก่อน

    Awesome information

    • @InvestorCenter
      @InvestorCenter  7 หลายเดือนก่อน

      Glad it was helpful!

  • @cherylkelly8009
    @cherylkelly8009 7 หลายเดือนก่อน +1

    What is this "affect" -- this accent young women use where the last word is flat or drps is annoying as hell

  • @scottjboswell
    @scottjboswell 8 หลายเดือนก่อน +1

    Very good video. A great share. Thanks 👍

  • @ljragsandfeathers
    @ljragsandfeathers 8 หลายเดือนก่อน

    Really appreciate your videos! Absolutely love Milton Friedman. His ‘Freedom to Choose’ series is amazing!! ❤

    • @InvestorCenter
      @InvestorCenter  8 หลายเดือนก่อน

      Thanks for taking the time to leave such a kind comment ❤️

    • @ljragsandfeathers
      @ljragsandfeathers 8 หลายเดือนก่อน

      @@InvestorCenter And thank you for taking the time to make such great videos!

  • @alexschroyens1898
    @alexschroyens1898 8 หลายเดือนก่อน +2

    Thank you very much. You should consider a teaching job.

  • @sydneynguyen8064
    @sydneynguyen8064 8 หลายเดือนก่อน

    You will own nothing, and you will be happy ( Charle Schwab)

  • @noerodriguez5190
    @noerodriguez5190 7 หลายเดือนก่อน

    Great video!

  • @alexchainey.
    @alexchainey. 8 หลายเดือนก่อน +1

    Isn't Costco, Asset Heavy?

  • @faustinreeder1075
    @faustinreeder1075 8 หลายเดือนก่อน +1

    Charlie is in Hell right now.

  • @Dillingham-
    @Dillingham- 8 หลายเดือนก่อน +1

    Charlie is the architect

    • @InvestorCenter
      @InvestorCenter  8 หลายเดือนก่อน

      Glad you read the letter ❤️

  • @andrewscot1014
    @andrewscot1014 7 หลายเดือนก่อน

    And that's just another day of saving the beeeeeeeees

  • @ML-un1gr
    @ML-un1gr 4 หลายเดือนก่อน

    I hate the videos where they show a photo of a famous investor or fund manager and they play maybe 20 seconds of a few quotes from that person, and then the rest of the time we have to put up with their babble.

  • @JoseSilva-wi2xc
    @JoseSilva-wi2xc 7 หลายเดือนก่อน

    WHY MY MONEY IS NOT GROWING.

  • @thomaswilson7441
    @thomaswilson7441 3 หลายเดือนก่อน

    Well it's like your parents, if you do that your chores and you want an allowance, and your parents have to borrow on a credit card at 36% a month or more how long before your mom and dad go bankrupt 😌

  • @ssemombweandrew
    @ssemombweandrew 8 หลายเดือนก่อน

    Present 😊

  • @JoseSilva-wi2xc
    @JoseSilva-wi2xc 7 หลายเดือนก่อน

    WARMONGER.

  • @donmarek7001
    @donmarek7001 8 หลายเดือนก่อน

    Inflation is at least 10% or more, so the nominal return is about 0% to -2% these days.

  • @wodden345
    @wodden345 8 หลายเดือนก่อน

    .

  • @xnbdxtidaltitan7851
    @xnbdxtidaltitan7851 7 หลายเดือนก่อน

    ❤❤❤❤

  • @Sam9wilson9
    @Sam9wilson9 8 หลายเดือนก่อน

  • @homedaily6570
    @homedaily6570 8 หลายเดือนก่อน

    Rigged market, scam!

  • @medusaskull9625
    @medusaskull9625 8 หลายเดือนก่อน

    Sound easy. 😂

  • @OshoRamseyGump
    @OshoRamseyGump 8 หลายเดือนก่อน +1

    Switch to bitcoin and then there won't be any inflation. Only deflation

    • @Bean-tn2xq
      @Bean-tn2xq 8 หลายเดือนก่อน

      And Bitcoin makes what ?

    • @OshoRamseyGump
      @OshoRamseyGump 8 หลายเดือนก่อน

      @@Bean-tn2xq
      Bitcoin is money. It's really good money. It's scarce, it's technical, it's efficient, it's the best money the world has ever had. What does it make, you ask? Money makes the world a better place to live.
      There are only 3 certainties in life.
      Death, taxes, and 21 million bitcoin.

  • @Coral_dude
    @Coral_dude 8 หลายเดือนก่อน

    What kind of bad take nonsense is this from the narrator? Inflation will return to low levels? Who cares about low levels it doesn’t back track that just means slower addition of degradation of the currency.

  • @seriouslyyoujest1771
    @seriouslyyoujest1771 8 หลายเดือนก่อน

    More income, than expenditures.

  • @faustinreeder1075
    @faustinreeder1075 2 หลายเดือนก่อน

    Charlie is burning in hell right now.