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So interesting , truthful and observant. His education and common sense lead him on a life's journey where he kept learning and the rest is history. I find him to be a wealth of tried and true life experience that makes him such a valuable example. So witty along with humble common sense in a day and age when we need it in a big way. Thanks Mr Munget
'Rationality is a moral duty' what a mantra to live by.Having nothing makes one realise how little one needs, thankyou Charlie Munger.
Thank you for loveing Jesus
I’m so much relaxed and content after listening to so much wisdom like that. I was wrong about a lot of things in life and this just opened my eyes
a riveting lesson, I feel like I just sat down with a grand relative around a fire and got set straight .... Charlie Munger actually alleviated a lot of my regrets. So thank you.
This man is a charming bundle of wisdom..wonderful commentary and wonderful man
So hillarious but yet at the same time so educating. Thank you and GOD bless you all there!
Charlie Munger : One of the few business leaders I will give my time to.
I would rather listen to him than Warren He’s the real brains
Dude is truly a genius. Excellent communicator. People cant do this anymore.
It will truly be sad day when we lose Charlie and Warren, they don't make them like this anymore. Thanks to both of you, for all of the wisdom that you have shared.
@Keven Oneal I believe that too. I also think that there are many brilliant and driven individuals at the top of their field(s) who will soften and wisen with age.
The hard times coming will produce more men like this.
The world is a different environment now. A lot harder for people to grow into their calling, and excel at it.
One thing that you hear over and over in these stories is you need smarts (IQ), discipline, and values and compassion. Among the poor he was well off. And that had everything to family inherited brain. Power. Developing brain power in the gene pool is what served him the most.
AN AMAZING MAN BY ALL STANDARDS.
When anger comes wisdom leaves.
I could listen to charlie and Warren all day long,
This video is a national treasure. Thank you.
His advice about having good relations with China should be heeded by all governments.
Yeah, I don't think so. I would love China and love to be their friend, but if you poll the people and the government they think the US is barbaric, humans have the right to do what the government says (or die) and the people of Africa are sub-human. I'm not sure I would want to make a deal with people like that.
I like the sentence: "You have a moral duty to become as unignorant and as unstupid as you possibly can." Like when listening to an elder who can explain what an occasion for sin looks like which tends to make people a whole lot stupider than have to be sometimes. An elder who can explain that to a teenager without them ever having to mention the word sin before they mature when they no longer tend to think they have their own mind brilliant enough to discern what that word means all on their own. And then taking the advice given elsewhere which goes with the facts on what that one kind of occasion for sin looks like seriously. The reason most people are not talking about how Martha's Vineyard is starting to fall is because they are afraid some rich dude whom they are working for will fire them as result or worse some crook is going to take offense to what they say and then later maybe mug them just for fun or then decide to annex their property away from them while carrying on a smear defamation of character campain against us. Like for example that one kind of occasion for sin which looks like way too many military personnel with way too many big guns than any people needs to have around with their flashy humongous sized equipment that is as usual of no good use to anyone. Worse than only useless before the first shot too to mother nature most. Unless more elders rise up with the same morals and values and the drive to fight for the right to live up to them to take over the work of the greatest generation then we are going to worldwide end up in another great depression and then a world war all over again. Instead of worshiping the almighty dollar so much people are more than willing to compromise their morals and values long before they can only pay poker or whatever to make a living after starting to be regarded as being with consumption or whatever like for example Leprosy which is more obvious and so scary to others.
What an interesting young man! I thank your mother and father as well!
I wanted to learn how to trade and the best advice I got is to read books about investing. One advice that I have found useful from one of my books is the fact that if you buy stock with low p/e ratio (also called price to earnings ratio and if the is low it usually means that relative to the stock's earnings the stock is undervalued) and also with high return on invested capital (if the return is high it means you made profit) but this is not financial advice to me it is only useful.
What is the figure he make for you on every trade, sorry I asked just curious
I have made my 4th withdrawal despite the market situation, I'm really glad I started trading with an expert
Nura Carvalho is a well known trader. A friend I refered received more than 100,000k returns after a month.
Is this trader trusted?
You should start with Nura Carvalho, profiting from trading is never a stress when you get link up with expert traders.
Go Charlie! This should be required listening before anyone can graduate high school
I LOVE the comment " I'm a natural contrarian " Sold me on this whole lecture.
This man is one of the greats in history and all these videos of munger and buffett need to be permanantly on the internet for free access so people arent stupid.
The biggest mistake of my lifetime was NAFTA the people knew what would happen. They knew our manufacturing would leave for cheap labor. Democrats promised if this began they would end NAFTA. But the people (the working class and majority) DIDN'T WANT IT. Government ignored the working class and American Manufacturing left in droves. Lesson to learn, government no longer represent the majority it represents only the large corporations.
Wise and clear full of integrity! Humble and clever, i am completely agree with him about bitcoin statement!
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
really? thanks for the advise. i found her webpage, messaged her already let me see what she can do for me.
Investing is 5% intellect? have you ever heard of a successful investor who is not extremely intelligent? investing is hard work? how hard can it be to think of something very interesting? and what is temperament without intellect?
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
so many interesting stories, tips and piece of advice given with a great sense of houmor.
Whether it's Charlie Munger, Warren Buffett, Benjamin Graham, Lynch or any of these investment sages, there is so much to learn. However, much of their wisdom is simple at best so we should never overthink investing...
Some factors are born at that time when usa leaderships are not that greedy n not just operate money printing machines or 🧐😳🤔💰🤑💲
Ray Dalio too...
I disagree because you should read a book called "Warren Buffett and Interpretation of Financial Statements" where this book was written by Mary Buffet (who is Warren Buffett's daughter) and this book shows some of Warren Buffett's investment strategies and this is a very complicated and very difficult to read book about accounting practices and how to analyze and interpret the financial reports in the S.E.C. (Securities Exchange Commission) quarterly reports and annual reports to invest in the same way that Warren Buffet and Charlie Munger invest.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
@James West how’s ur crypto doin bro
He has been tested and trusted.
I can tell from the brilliant results I have been getting since she started handling my trades,
One of the best Interviews I've ever heard
Wow! So inspiring.
A very wise man!
I say to people i know all the time they are looking at things on a small scale life doesnt have to be mediocre if you believe in yourself and work hard it can be amazing like this mans...
great charlie munger i salute him
Man, Charlie has a lot to share (ethics, doing the right thing, etc) with Gates. The two couldn't be more polar opposites.
Every opportunity to listen to CM is time well spent. At :5:40 is solid gold-- "You have the moral obligation to make yourself as unignorant and as unstupid as you possibly can." We used to do that. My parents did that. I'm 67 now and retired from a major oil company and a degree in medicine. My wife isn't retired and is Dean of Science at a large TX university. We're comfortable--not dripping rich--b/c we've followed WB/CM's advice over the last 45 years. We grow tired of seeing the young folks (45 yo's on down) trying to seemingly skirt out of doing what is needed for them AND more importantly their families. Fathers disappear. Mothers give up. People take drugs and drink alcohol to 'deaden' the realities they created. Shake it off! Get going! Forget about 'likes' and worthless stuff. Families and spouses are the single most important item in life, far beyond riches, view on FB and status! Stop, swallow pride, get off the pitty-pot and be an adult!
Why?In an atheistic culture,feeling, emotions are god.It's why the American founding fathers said this form of government is only possible with a highly religious Christian moral people,it's not possible with no others.Atheist Marxist democratic socialist always produce chaos,death and destruction.
crime was low because people knew right from wrong and enforced it in their lives as a practical matter. If your family liked you it was brutal....... if they didn't you were screwed
Ahhh! At 15:13 Tells me a whole lot about how he got rich. He was/ is a lawyer. Enough said.
"When there's enough incentive, bad things will happen". Ain't that the truth.
Did you hear that Democrats, his grandfather WORKED his way out of poverty, when you do that, you Earn it, then appreciate it more, that builds character and people respect you.
lots od democrats work just as hard as you do, there's extremes on both sides. Moderate Dems understand what is pushing many countries ahead of us in the standard of living, and its healthcare and higher education thru taxes not our system of greed where the corporations have bought our politicians on both sides to the point it's draining the wealth of the whole nation. the Nordic countries have the best systems, each one is some different than the others but all are a form of democratic socialism where they don't let the citizens get screwed and used by big business .Check them out for yourself,don't listen to anyone in our government !
If you watched the discussion with your political sunglasses on you missed half of it.
@Ana Nalic I think Munger is a decent fellow, for sure. I was replying to the comment about Munger’s grandfather working his way out of poverty. The comment made it sound like there’s something wrong with Democrats since they, presumably, don’t buy into that idea.
@Finney Kewa Yes, he said he would have been leftist as well if he had seen how the coal miners were treated. What was wrong with that statement? He seems like a decent human being.
Robert Bigelow: And yet the space & defense contractor your screen name references (I assume you are NOT the owner of that company) receives billions every year in government largesse, most of which never has to be accounted for to anyone - even in the Pentagon.
Brilliant and True!!!!!
Incredible ! thanks
Much of value here. As a species, however, we learn nothing.
Hello guys good afternoon both of amazing speech fantastic
As far as the conditions in the coal mines of yesteryear, those conditions, along with the mine owners getting richer from the manipulation of the people, still exist on the same scale today if not on a larger scale. It's just the mines aren't in my back yard. They are in South America, and Africa.
but this generation did it in a time when you couldn't hardly fail the economy was crazy good
What a brilliant man... books 📚 with legs 🦵 they call him... you can't fail if you think like Charlie... The only thing that I disagree with was his opinion of Bitcoin.
They don't buy things that need fixing. They buy things that work. They learnt that .
This is fantastic and Charlie is full of great advice and pragmatism. He might be off on the crypto part though. There will be copycats, yes, just as there has been and how "IBM compatible" became a thing. But this may be like Warren not seeing the value of computers despite befriending Bill Gates. Satoshi is perhaps not as different from Charlie as he might think.
It is sad that all matters to them is about wealth and they have made dishonest comments.
thank you charlie
I got my investment strategy from Charlie Munger and Warren Buffett. In college, I took all the Calculus courses because I got all A's. Math is a part of me.
Wats ur avg annual roi?
⬆️ this network has helped me attain my financial aim though not entirely but halfway and In a progressive velocity which have been uninterrupted so far ever since 3months not even affected by the market DUMP situation, I must commend their professional effort to achieving this for Me and also encourage every mindset out there interested or un-interested to pick interest becoming fully involved and watch how much of the benefit that comes out for you.
I stopped listening about half way through when i got the feeling this was about someone successful, telling people that are already somewhat successful, how to invest. So 2 things I'll never be is successful and successful. The boat hasn't sailed . ...it sunk at launch.
Extremism on either spectrum is to be avoided is a good philosophy…"If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed." Thomas Jefferson“A learned blockhead is a greater blockhead than an ignorant one.” - Benjamin Franklin
god bless mr munger
hello good afternoon everyone keepsafe GOD bless Us especially charlie Munger totoong tao be honest people thanks again 👍😍🌹
GOD BLESS"" YA!!
MY DAD AND MOTHER LIVE THOUGH THAT THE DEPESTION. I REMEMBER MY MOM TALKING ABOUT IT,,,IT WAS AWFUL,,PEOPLE COULD NOT FIND FOOD, , AND PEOPLE WENT DOOR TO DOOR BEGGING FOR FOOD,,, IT SOUNDING SO BAD THAT IT TORE ME UP,,, I HAVE NEVER FORGOT IT,,,THIS ALL STARTED WHEN THIS ADMINISTRATION GOT IN CHARGE,,
My Wife and I are VERY worried about our future, gas and food prices rising daily. We’ve had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace them. We can get by, but we can’t seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a corrupt system to take all you worked for..
Then make different choices. Your entire life is a choice. Only you can make it better.
You know it's a horrible world. Perhaps seek advice not necessarily investments but perhaps one can get a job that is not to hard but still can help to pay the bills. I know lots of people who do it like that
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor( FA) for aid and following her advice, I poured $30k in value stocks and digital assets, over 200k in profits so far and pretty sure I'm ready for whatever comes.
Charlie is great but his experience of the great depression & early nazi germany are not based on anything he has really experienced because...HE WAS 9 IN 1933.What the hell are you talking about man.
Crime is high now because we have the haves and have nots! Our society is way out of balance! During depression nobody had much!
Charlie, trading some of those billions for research into extending life expectancy might have been your best investment yet.
Took me 3 sessions but well worth the watch. Absolutely well worth it.
Big hugs to Charlie from Bullhead City, Arizona
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
Wow am shocked someone mentioned and recommended Mr Jeff O'Reilly I thought am the only one trading with him.
Ye Shall Know The Truth & The Truth Will Make You Free!
Agree with most of what Charlie says EXCEPT that doing business with China is a must do. It is bad policy to do business with a country that utilizes slave labor, tortures their citizens, produces products that time and time again are found using unsafe materials. Sorry, our government 'oversight' agencies are all profit centric, and their decisions time and time again do to align with ethical practices. As a once great industrial leader we should set the example and draw clear lines of what's acceptable. I believe the previous president thought in a similar manner, whereas the current profits heavily from looking the other way. My opinion.
"Legends" are generally untrustworthy and otherwise exaggerations. Charlie is prone to neither.
Damn Charlie Munger came from big money 💰
Good video as long as I am not wanting a how-to on digging out of entrenched poverty. The education tool doesn't work today because of the cost and quality barrier.
luck is when preparation meets opportunity
Epic video 👍💴🙌❤️🙏🏽👏💵
Old, but always sharp.
The charge against Keynes is made in the face of overwhelming evidence to the contrary.
Your father had a house in the depression. He was rich.
And? What was he supposed to, give up his fortune? Just because he was in a rich family, it doesn't mean he didn't notice poverty.
Captain Funny Socks should just let Mr Munger speak instead of interupting Mr MungerFun Fact: BH's insurance arm managed by Ajit is worth more than the anual GDP of Bulgaria
Need to watch this video.!
He lost me at 41:34!
Answer..... Because you're WEAK!
What in the hell is Charlie talking about?... he's just rambling. 💯
Munger does not understand Bitcoin. It is like an insubstantial version of "gold". Gole is mined to "create" more. Similarly Bitcoin is "mined". Having said that, I agree that Bitcoin (and all cryptocurrencies) are too volatile and poorly understood, similar to the new fascination with NFTs = Non-Fungible Tokens.
…….. epic…….. but can’t believe that with all mungers wisdom he talks down Bitcoin and says little about evil of the “fed”
Imagine being so insanely out of touch that as a nepo billionaire you complain about how everybody complains about being poor when the reason they're poor and can't afford a home is because you and your mates drove up house prices via speculation and remuneration down via lobbying.
Being broke with no tyranny to stop you from succeeding You could be happy But right now if you're a bootlegger You make good money
If you could let the man speak, my dude
A capitalist "success" who focuses on wealth over people (outside his own family), the natural environment and animal welfare, was born into a lucky gene pool of particular brain cells and gender (in his time) and because they are traumatized by their early insecurity, despise people who are looking out for any of those things.The interviewer could go to any of those (scary) people on the streets of LA and interview how they got started in life and see where they might creatively go forward for good lives instead of this constant idealization of these wealth and power hoarders who look down on people who don't climb to the top of money mountain on the backs of others like they do . Not "buying' it.
7:00 "Carefully picking a profession that couldn't fail. And found him a bankrupt pharmacy." Um, excuse me?
Being a pharmacist is a great no-fail career - you can find a job anywhere. It was the BUSINESS, the retail part in a building, that went bankrupt.
a second lieutenant in ww two made $157 a month.
THE BOOK....1. "Live by Faith" 2. "lawlessness" 3. [Rapture, Harpazo, Rapturo] 4. "Tribulation" 5. "Second Coming" 6. "Judgment" 7. "New Earth"
@ABC # 3 is suspect.
To the many scammers here: If you are smart enough to keep crafting these pretend conversations, with reasonable spelling, grammar, and false emotional inflections, then you could make money by building, creating, and adding value to the world. Why choose the path of deception?
Thats amazing how did they get that turtle into a suit?😜
observing is key
I didnt get what his grandfather did with mortgages… before the recession. What i understood he pulled his lousy investments from bank…
As a Single Mother crypto investment has helped me pay my bills and live happy, wish I invested from the early days.
Who's your investment advisor @missmadelynlee8142
Yeah. I’ve been pulling money out of the crypto markets since 2013. A steady mind and you can make buckets of money. Ignore the noise, be contrarian, know it’s extremely volatile and it will continue to be volatile. Still lots to made in crypto.
glad you got lucky! If you invested in BTC Nov 2021 all in, you'd be 70% plus down.
Shut your eyes and you’d think it’s Warren B. talking. How could they sound so similar…inflection and all! 😲
All these people criticizing him about crypto...Maybe take notes, crypto maniacs. Not learning because you are stubborn is a huge mistake.
Gold is a hedge against chaos.
What is he on about claiming he earns $315k in 13 years of working in law with many dependents, and after tax and expenses had $300k in savings at the end of 13 years to start his investment company. Something really doesn’t add up? I’m not criticising but looking for clarification, it just doesn’t add up.
350k. Of that he would have spent some on living, some on investing. Very plausible to have 300k after that time, as he said it want a big nest egg.
As with anybody's "success" story they only tell you the half of it. "if it's too good to be true......"
Maybe Charlie Munger inherited money from a deceased relative or maybe his family members gave him money to invest?
Blame Martin King for the calamity in Black neighbourhoods. In the 1940s and 50s Black communities were fine.
It's always a good idea to report spam/scam comments. You might save someone from financial ruin. These spam bots are getting sophisticated! 😮
They are relentless
@DB Edwards JJ B bio op
I know what you say. But at the end of the day we all must be resposible for what we buy and sell.
Yeah, accidental. "It was fixed" !
Mr john darry has been an awesome trader for so many of his investors which I’ve witnessed alot of them rain praises on him, but without a doubt his bitcoin multiplication and profits productive skill are awesomely insane and I can’t help but call him the best for every investor including you.
On tele gram