I've learned so much from these two. I was always taught 'diversification' to an end. Which works if you have no clue what you're doing. But if you have any inkling...bro even someone like me can come up with 1 good idea a year
As someone who has been to Austria a few times, and Germany more (although I'm certainly not claiming to be an expert) and speaks pretty decent German, and is even not too bad at understanding Austrian dialect (while it is 'still' German, they can be quite different and hard for even Germans to understand Austrian, and vice versa), this fellow has a stronger accent than the majority of Germanic speakers' English that I've heard, but I would wager that easily more than 3/4 of you would do worse(if you even speak a second language (assuming native English speakers)), so maybe keep that in mind in the future. It does seem like any time there's a specific question about how buy/sell decisions are made, they kind of dance around it without giving too much of real substance though...
David Pat if you don’t know how to analyze and find the value of a stock then yes I agree with you, invest in an ETF, on the other hand if you do understand what you are doing picking individual stocks is the way to go. It all depends on your level of knowledge and preparation.
Jose Lopez index/ mutual funds are great due to security, I believe. I’m new at investing, and I’ve lost some of my investment... but the point to it all brotha is... there is no quick cash. Find value>invest money (hopefully they have dividends)>sit on it For example.. DONT invest in oil. As an amateur value trader, you can EASILY see the lack of value... but you can easily reason why... that’s the value. The numbers help, but sometimes it won’t predict the long term
@@joseeduardolopez7287 tell me 15 people in the history of the world that have consistently picked incredibly performing stocks (incredibly, meaning, their respective values increased higher than the S&Pon average). That's just 15 people/companies, you'll have no issue with this of course.... Or will you?
Omg. That guy is asking for a silver bullet. The “magic formula”... Don’t ask questions like that lol. If you ask questions like that, don’t invest. Yet
They usually dont answer directly because its part of their trade secret, why would yhey simply say the steps how they actually invest. They provide the concepts which is better since poeple have different personalities and approach in investing.
If you listen carefully between 13.00 mins to 3.24 mins, Charlie predicts that common stock owners won't make a great deal of money that's true value investors are not making money in irrational times.
- Learn to accumulate knowledge over time by reading daily publications, weekly or monthly periodicals, annual reports, and 10-Ks to build a useful knowledge base for investing. - Avoid solely relying on talking to managements or projections for evaluating businesses; focus on public documents such as annual reports and 10-Ks for more reliable information. - Emphasize the importance of waiting for the right opportunities ("fat pitch") similar to how good hitters wait for the right pitch before swinging in baseball. - Aim to understand businesses in aggregate rather than focusing on the nuances of every single one within a conglomerate like Berkshire Hathaway when assessing investments. - Stay prepared for potential chaotic market scenarios as they can create significant investment opportunities, showcasing the importance of being ready for uncertainties.
Funny how bunch of monolingual Americans laugh about the guy's accent. 70% of you fail to use they're and their correctly while typing. For some people it is very hard to learn a foreign language yet they succeed (more or less). Try to learn German before mocking the others who actually learned your language.
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They never get bored of answering the same questions.
😂😂😂they really are patient
They’ve been doing this for about 50 years, they’ve gone through generations of people asking questions
First question has to be Sasha Baron Cohen in character
haha
That's what I thought too :)))
Do you have shexshee schpunken time wiz ze directors?
carlitoab Ansodefohst paht is...
Typically I would ask you about your foreign language skills, but thats even bad for a second language.
Warren wants to laugh but inclined to respect the guy..
Charlie has a great poker face also
They geek themselves and would dig info out of the dead mouth.
Arnold Schwarzenegger asking for advice....
They are really good people.... Tolerant... And also the person who requests the answer is brave!!!^^
That accent is strong my guy
Artificial intelligence asking the question?
Austrians speaking English is just hilarious
Abstergo Industries take me to the choppa!
I cant stop laughing
"The more basic knowledge you have the less new knowledge you have to get" - Charlie Munger
Damn that’s a long question with the funniest accent
Hahah the way warren hold his laugh made me laugh harder
😂😂😂
I don't know how they were able to keep a straight face while the question was being asked! 😂
Arnold Schwarzenegger trolling with the first question 😂
They way munger turns his head and looks at the guy asking the question 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Question 1 - ‘Tell me everything you’ve ever learned, provide me with your news subscriptions and supply me with your future prospects’.
I've learned so much from these two. I was always taught 'diversification' to an end. Which works if you have no clue what you're doing. But if you have any inkling...bro even someone like me can come up with 1 good idea a year
The first guy did well to speak slowly
Thank you for sharing
Love these honest,cleaver older gents,wish I had found this investing company years ago.
Refreshing with no scram junk floating around.
Thanks for uploading. I click subscribe right away after finished the clip 👍🏻
For an older guy he is super super sharp! My goodness!
Is that guy trying to sound like that?😂😂
Wondering the same thing, seems like he’s singing 😂😂😂😂
The guy asking the question speaks English as well as David Niven, but does a nice Austrian accent.
best accent I've ever heard
11:23 "...cash is the default option."
Read financial news and earnings reports for as many companies as possible so you can understand a sector and company’s finances
Thx!
Genius on make money👍💰thank you
I wanna go grab lunch with this guy asking the question 😂👍
Good questions
Two masters have huge patient both on investment and shareholders as annoying long questions …
Great
What does warren writes with pen every time?
Gentlemen, a short view back to the past.
So ssuuucccceeesssfffuuuullll
Better answer that first question or he will be bitter and try to conquer half of the world...
Underrated
Lmfao listening to the question! 🤣🤣🤣🤣🤣
The first guy killed me
0:20 😂😂😂
0:33 Get to da choppa!
As someone who has been to Austria a few times, and Germany more (although I'm certainly not claiming to be an expert) and speaks pretty decent German, and is even not too bad at understanding Austrian dialect (while it is 'still' German, they can be quite different and hard for even Germans to understand Austrian, and vice versa), this fellow has a stronger accent than the majority of Germanic speakers' English that I've heard, but I would wager that easily more than 3/4 of you would do worse(if you even speak a second language (assuming native English speakers)), so maybe keep that in mind in the future. It does seem like any time there's a specific question about how buy/sell decisions are made, they kind of dance around it without giving too much of real substance though...
Go hit a wombat
Sounds like a girly Arnold
Invest half your money in an S&P 500 ETF and half picking stocks. You will soon realize to not pick stocks.
David Pat if you don’t know how to analyze and find the value of a stock then yes I agree with you, invest in an ETF, on the other hand if you do understand what you are doing picking individual stocks is the way to go. It all depends on your level of knowledge and preparation.
Jose Lopez index/ mutual funds are great due to security, I believe.
I’m new at investing, and I’ve lost some of my investment... but the point to it all brotha is... there is no quick cash.
Find value>invest money (hopefully they have dividends)>sit on it
For example.. DONT invest in oil. As an amateur value trader, you can EASILY see the lack of value... but you can easily reason why... that’s the value.
The numbers help, but sometimes it won’t predict the long term
Same can be said about value investing... sometimes people value the wrong things... like oil
@@joseeduardolopez7287 tell me 15 people in the history of the world that have consistently picked incredibly performing stocks (incredibly, meaning, their respective values increased higher than the S&Pon average). That's just 15 people/companies, you'll have no issue with this of course.... Or will you?
@@lawolsten market wizards is a book entirely dedicated towards that, dozens are mentioned. The turtles alone comprised of 14.
The austrian was sooooo funny
2003 into 2008 - sounds pretty prescient.
Omg. That guy is asking for a silver bullet. The “magic formula”... Don’t ask questions like that lol. If you ask questions like that, don’t invest. Yet
2:03 seconds in and I can't tell whether this question string is a joke or not......
Why ask 10 identical questions?
Was that Admiral General Aladeen?
Jorian X hilarious
The wtf light bulb must have went off in their brains
They usually dont answer directly because its part of their trade secret, why would yhey simply say the steps how they actually invest. They provide the concepts which is better since poeple have different personalities and approach in investing.
Charlie spoke to soon, he will live to see the day.
Just that the two boys are immortal
Man... I’m going to learn a new language
So basically, yolo everything into Bitcoin and Tesla.
Thanks Mr Buffet
How many languages do you know? If the answer is 1 dont make fun, hes farther ahead of you.
If you listen carefully between 13.00 mins to 3.24 mins, Charlie predicts that common stock owners won't make a great deal of money that's true value investors are not making money in irrational times.
Me when one of my friends mispronounces a word: 0:21
LMFAOOOOOOOO
That first question omg... I am from Germany and I have never heard somebody speak English with thick of an accent. I feel ashamed
- Learn to accumulate knowledge over time by reading daily publications, weekly or monthly periodicals, annual reports, and 10-Ks to build a useful knowledge base for investing.
- Avoid solely relying on talking to managements or projections for evaluating businesses; focus on public documents such as annual reports and 10-Ks for more reliable information.
- Emphasize the importance of waiting for the right opportunities ("fat pitch") similar to how good hitters wait for the right pitch before swinging in baseball.
- Aim to understand businesses in aggregate rather than focusing on the nuances of every single one within a conglomerate like Berkshire Hathaway when assessing investments.
- Stay prepared for potential chaotic market scenarios as they can create significant investment opportunities, showcasing the importance of being ready for uncertainties.
14:20 Young Obama asking a question to Warren Buffett
Why make fun of the accent or whatever, he showed up to the meeting and you didnt.
I thought that was Bruno.
How did they understand that lol
the person asking the question at the beginning is a vampire. trust me on this one
You can tell they knew what was coming, but they were too classy to make a short on the whole country.
If I read one it’s because the funny papers weren’t available.
yep.. 5 years later a huge recession and buying opportunities..
German Borat
Male Siri asking the 1st question
Inside Warrens mind : WTF is he talking??
Arnies cousin asking the question
That can pumping the shit out of Munger....
😂
#1FOKUS #GHOSTWRITER
Wtf!!! That's one weird accent... How did Buffett and Munger not laugh 😂
Charlie doesn't seem to really understand how one plays chess. Great man, but not a great chess player.
😂🤣😂🤣😂🤣😂🤣
I guess they were wrong. There was another mouth watering opportunity to buy stocks in 2009.
And, they took advantage of it. (I think you meant Munger instead of They).
Funny how bunch of monolingual Americans laugh about the guy's accent. 70% of you fail to use they're and their correctly while typing. For some people it is very hard to learn a foreign language yet they succeed (more or less). Try to learn German before mocking the others who actually learned your language.
Schwarzenegger is from Austria, why they laugh? Lol