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Charlie Munger's advice on investing and life choices that make a person wealthy

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  • Жарияланды 2019 ж. 8 Мам.

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  • alex young
    alex young Ай бұрын +671

    I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

    • lawerence miller
      lawerence miller Ай бұрын +2

      @Ruth spense Use your browser to search for the name to see her website.

    • Ruth spense
      Ruth spense Ай бұрын +1

      @lawerence miller Impressive, that sounds good but how do I reach out to Ingrid ?

    • lawerence miller
      lawerence miller Ай бұрын +3

      @joesph cu This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name ''''Ingrid Cecilia Raad'''' and everything changed. In in the first quarter of this year i made $370k and counting.

    • joesph cu
      joesph cu Ай бұрын +1

      @erich kraetz I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

    • erich kraetz
      erich kraetz Ай бұрын +5

      Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

  • Jon G
    Jon G 2 жыл бұрын +96

    This is inspiring to see. This man is mentally at his peak. He has so many life lessons that resonate. He may be elderly, but he is by no means not in total control and of absolute value to others, as both an example and as an actual working professional. I can only hope I can be as clear-headed as him if I even make it to his age...or rather, I wish I could be as clear-headed now!

    • Saint Saint
      Saint Saint 8 күн бұрын

      @Taylor Hickman no. That's an extrapolation and a generalization. He said that many of the problems from the short-term injection of covid cash will go away by themselves.

    • Robert Williams
      Robert Williams 4 ай бұрын

      Rycroft Rraiders

    • Taylor Hickman
      Taylor Hickman 6 ай бұрын +1

      Dude said income inequality will go away by itself...

    • Matt K
      Matt K 10 ай бұрын

      Lol. He isnt mentally at his peace. Man literally is in a wheelchair. He cannot walk far on his own.
      Think about the greed of a man that wants to still work when so frail.

  • Franklin Wells
    Franklin Wells 4 күн бұрын +24

    When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.

    • Bob Richard
      Bob Richard 4 күн бұрын

      In Bitcoin investment, determination to take risk is one of the major factor required because it takes a brave heart to make money this days.

    • Victor Jack
      Victor Jack 4 күн бұрын

      Being a newbie in Bitcoin investment and trading is very discouraging but since I met this expert he has been careful in handling my investment.

    • Aghvan Aslanian
      Aghvan Aslanian 4 күн бұрын

      You can contact him with the above details

    • Aghvan Aslanian
      Aghvan Aslanian 4 күн бұрын

      Whatsapp 👆

    • Aghvan Aslanian
      Aghvan Aslanian 4 күн бұрын

      4738🇬🇧

  • Rickin Patel
    Rickin Patel 2 жыл бұрын +111

    Watching Charlie Munger in a verbal exchange with anyone is like watching a chess grandmaster vs a first timer. Top notch intellect

  • Kepler 438
    Kepler 438 3 жыл бұрын +2201

    95 years and still working. Thats what happens when you do something you love.

    • Kevin Hynes
      Kevin Hynes 21 күн бұрын

      More like that’s what happens when you’ve accumulated a vast sum of wealth that everyone wants to take from you. It’s a full time job to secure it.

    • Eric Mendez
      Eric Mendez 2 ай бұрын

      He is now 98, turning 99.

    • Blast6926
      Blast6926 2 ай бұрын

      It's not like he's doing any real work.....

    • Polish Silver Stacker
      Polish Silver Stacker 8 ай бұрын

      And his mind is clear.

    • Amy Walker
      Amy Walker 11 ай бұрын

      Ugh!

  • takawaka1000
    takawaka1000  Жыл бұрын +226

    “standard of human condition is stupidity and ignorance” absolute gold I was laughing my ass off!

    • Shahzaib Ansari
      Shahzaib Ansari 5 ай бұрын +1

      For a moment it looked like he snapped back at the interviewer

    • TheBlueskyson
      TheBlueskyson 10 ай бұрын +1

      ya can't really disagree wit him either...

    • Omar Del Mar
      Omar Del Mar 11 ай бұрын

      @Smoove J I see what you’re getting at. It’s probably why he gets along with Buffet; he’s softer.
      But I’d place an ASD in the same category as the Vulcans. Munger is normal.

    • Omar Del Mar
      Omar Del Mar 11 ай бұрын

      It’s true, that’s the feature of the average Joe and at least one standard deviation in either direction. Most neurotypicals are.

    • Cam
      Cam 11 ай бұрын

      @Smoove J I interpreted this line as, find out what is wrong/bad in your life, find out what is or is not at your fault, cut the latter and fix your issues

  • Clark Kent
    Clark Kent  Жыл бұрын +67

    “These big bureaucracies, they think their work is done when it’s out of your inbox and into someone else’s inbox”. I felt that

  • Alex Chis
    Alex Chis  Жыл бұрын +5

    Great interview. Covers all areas and Charlie has extensive knowledge and practical advice about these areas. His frank approach is amusing and entertaining. Well done Charlie

  • Albert Anton
    Albert Anton  Жыл бұрын +16

    Truly anyone who appreciates Charlie while he is still living is blessed.

  • Pietro Speroni di Fenizio
    Pietro Speroni di Fenizio 3 жыл бұрын +1382

    He is so direct in his answers, makes me think he simply decided he does not have any time left for bs. He can just say things as they are.

    • TheBlueskyson
      TheBlueskyson 10 ай бұрын +1

      agree Pete. Looks like he threw Andy a couple of times lol. Sharp as a tack.

    • Peter Bach
      Peter Bach 10 ай бұрын

      When you are knowledgeable and eloquent, everything else is superfluous, confusing or deceptive.

    • fast AiR
      fast AiR  Жыл бұрын

      he was always like that

    • Most Likely
      Most Likely  Жыл бұрын

      🎯🎯🎯

    • smokUK
      smokUK  Жыл бұрын

      @Cal Exactly they were so good in the field because they so sharp and have integrity.

  • Greg McCain
    Greg McCain  Жыл бұрын +6

    Can never get enough of Charlie Munger.

  • Kris Rogers
    Kris Rogers  Жыл бұрын +14

    "The standard human condition is ignorance and stupidity." Finally a man who calls it like it is...

  • Mert Topuz
    Mert Topuz 2 жыл бұрын +13

    This is absolutely amazing - so much knowledge that needs to be passed onto the next generation!

    • Amy Walker
      Amy Walker 11 ай бұрын +1

      There's a whole lot more to life than just pursuing wealth.

  • Shota Toriumi
    Shota Toriumi 2 жыл бұрын +2

    Charlie is bursting with wisdom when he speaks. He motivates me a lot on thinking for myself most of the time rather than just going with what everybody else agrees with.

  • Steven Hayden
    Steven Hayden 4 ай бұрын +480

    There was a time when we " made it here", we had jobs for everyone and the products were of high quality, then the 1% wanted everything. Now Inflation drives prices up and if Inflation is high and jobs disappear by the millions we are in a recession and maybe headed for a Depression…So be careful with your money. It may take decades to get back on pay again. Luck to all.. I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich...

    • Raymond Suplee
      Raymond Suplee 4 ай бұрын +1

    • Edward Miller
      Edward Miller 4 ай бұрын +4

      I am being guided by "THERESA MARY CHAMBLEE" 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.

    • Raymond Suplee
      Raymond Suplee 4 ай бұрын

      Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?

    • Edward Miller
      Edward Miller 4 ай бұрын +6

      I’ve been on both end of the spectrum, I was lnvsting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a Portf0Iio-Manager for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.

    • William Knochel
      William Knochel 4 ай бұрын +3

      On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early...

  • John 316
    John 316  Жыл бұрын +542

    Munger on Elizabeth warren: “I don’t think she studied Adam Smith enough.”
    Munger on AOC: “I don’t think she knows who Adam Smith was.” 😂

    • James Byrne
      James Byrne 8 күн бұрын

      You equate a fairer society that protects the vulnerable as Marxist. That's a ridiculous jump over a deep empty chasm

    • Saheed Lawal
      Saheed Lawal 3 ай бұрын

      The comment I was looking for

    • Marcelle T
      Marcelle T 3 ай бұрын

      @benjamintua me too lol

    • Marcelle T
      Marcelle T 3 ай бұрын

      @Jamie Jennings same watching at 23:44

    • Sahil Akhtar
      Sahil Akhtar 5 ай бұрын

      Timsetamp?

  • Jared Correa Fitness
    Jared Correa Fitness 2 жыл бұрын +5

    No BS just pure wisdom. Munger is a true gem.

  • Gajendra Jadhav
    Gajendra Jadhav  Жыл бұрын +2

    I really admire and respect both Warren and Charlie. Knowledge they both share through the interviews is more than like doing MBA Finance or even I think you don't need high qualifications to achieve something big. Just have a right Temperament.

  • Dai Duong David Dinh
    Dai Duong David Dinh  Жыл бұрын +1

    Charlie is such a great and humble man. History will forever remember him and Warren Buffet.

  • SM Diecast
    SM Diecast  Жыл бұрын +5

    What a legend! So much to be learned from him! Thanks for the interview!

  • Kevin Carr
    Kevin Carr 2 жыл бұрын +13

    What a magnificent man we are lucky to have living and sharing his knowledge!

  • DB
    DB  Жыл бұрын +2

    One of the most smartest and enlightened man. Thank you Charlie for sharing your wisdom.

  • Apostille Near Me
    Apostille Near Me  Жыл бұрын +4

    Amazing how he intelligently and thoroughly answered every questions! This was my first time listening to him!

  • ilovebrandnewcarpets
    ilovebrandnewcarpets 2 жыл бұрын +1

    This was absolutely amazing. What a truly truly wise man.
    Wisdom is so valuable

  • Alexandra Petre
    Alexandra Petre 2 жыл бұрын +5

    I marvel at his longevity. I think it speaks to how important it is to to stay mentally fit regardless of your age but not sure how they stay so physically fit given all the Coke they drink and peanut brittle they eat. Both Charlie and Warren are an inspiration!

  • SubZ
    SubZ 6 ай бұрын

    It’s always incredible to hear an almost hundred year old person speak so clearly and cognitively… There are just so many things I wish to ask him. I hope to luckily meet someone like him someday.

  • S E
    S E 3 жыл бұрын +400

    Laughed my ass off.
    “There’s a lot of things I don’t think about, and one of those things is companies that are losing 2-3 billion dollars a year and going bubbly. Not my scene”😂😂😂😂😂

    • Stewart Brands
      Stewart Brands 9 ай бұрын

      @benjamintua Aided and abetted crimes against nature,the food supply and the inspiration students can derive from it. Ancillary inspiration from nature assists primary learning. Example-velcro,geodesic dome,solar cells and so on. Sudents in windowless rooms,again,wacko.

    • benjamintua
      benjamintua 9 ай бұрын

      @Ashallmusica 😂😂😂

    • benjamintua
      benjamintua 9 ай бұрын

      *public

    • Stewart Brands
      Stewart Brands 9 ай бұрын

      That person is ruthless holier than thou moralist who completely destroyed ,or helped to,the orchards and natural habitats of California and concreted it. Then he makes a building for people to learn and completely shuts out nature as if looking at a tree is some sort of catastrophe that will stunt intellectual growth.
      That is totally wacko.Nutso.

    • Ashallmusica
      Ashallmusica 9 ай бұрын +1

      I just learned a new Synonym of Public today : Bubbly

  • Maximo Nacer
    Maximo Nacer  Жыл бұрын +3

    It is always enlightening to listen to our seniors and when they are as prudent and successful as Mr. Charlie Munger, it is a blessing to have their opinions.

    • Amy Walker
      Amy Walker 11 ай бұрын

      Since when did we start caring about our seniors? Most people under 40 could care less. Let's get rid of those old folks as fast as we can so we can get our inheritances. No respect for hard work, self-control and education.

  • theReal JayZ
    theReal JayZ 2 жыл бұрын +15

    I stumbled upon this video thinking I'd just watch it for a few seconds and see what it's about. I ended up watching the whole thing. This man captivating

  • Micah Bratt
    Micah Bratt  Жыл бұрын

    Such a wise man. We can all learn something from Charlie

  • j P
    j P 2 жыл бұрын

    Blessed to have Charlie in my life time!

  • Annie Nolen
    Annie Nolen 10 ай бұрын +67

    Building wealth involves developing good habits like
    regularly putting money away in intervals for solid
    investments. The stock market has plenty of
    opportunities to earn which I myself took advantage of.
    I made my first million from going diverse, mainly
    ETFs(stocks, bonds etc), bitcoin, and gold. Investing in any of these should be in everyones mind.

    • TheBlueskyson
      TheBlueskyson 10 ай бұрын +1

      @Simone Thomas No, Kelvin is under investigation. Try Mrs Davison of Tunisia trading co. I made $38k with her last month. ty

    • Esther Ramirez
      Esther Ramirez 10 ай бұрын

      @Donald Jason Fx Kelvin Morgan is the best
      recommendation I got after losing lot of money
      trading myself.

    • Esther Ramirez
      Esther Ramirez 10 ай бұрын

      @Donald Jason Yeah, I don't think your location has any effect on this you can trade with him from anywhere

    • Donald Jason
      Donald Jason 10 ай бұрын

      @Logan Chloe I'm not based in US can he be of help to me?!

    • Logan Chloe
      Logan Chloe 10 ай бұрын

      4518

  • C Kim
    C Kim 2 жыл бұрын +131

    Aside from Munger being a genius, this interview had me laughing my ass off watching Munger give answers with such a stoic straightforward face and the interviewer not having a sense humor returning the favor with an expressionless blank stare right back at Munger. Didn’t expect this to be such a comedy show.

    • Sergio Luiz Pereira
      Sergio Luiz Pereira Ай бұрын

      The interviewer does not lack a sense of humor. This is how journalists used to behave and to interact with the people they were reporting on. It puts the subject of reporting in a central perspective in such a way that the interviewer becomes just a vessel for the interview and the interviewee. Unfortunately, this is each day becoming an approach strange to the new generations, more used to podcasts, militant journalism and emotionalism. Not everybody who goes in front of a camera wants to be an influencer.

    • Julian Hicks
      Julian Hicks  Жыл бұрын

      This

    • Reza’s things and stuff
      Reza’s things and stuff  Жыл бұрын

      Yes it by

    • Tommy Snurkerburger
      Tommy Snurkerburger  Жыл бұрын +1

      That’s the confidence you get from truly not giving a flock. A confidence justly earned in his case.

    • L R
      L R  Жыл бұрын +4

      Right out of the gate... Charlie's "It's like a cult" joke flew right over the guys head. Cracked me up.

  • Jack Muller
    Jack Muller 11 ай бұрын +105

    If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key.

    • Stefan Walter
      Stefan Walter 11 ай бұрын

      You can reach her on wat s ap

    • Stefan Walter
      Stefan Walter 11 ай бұрын

      @Aliyah Hassan her commission is 10 percent of profits she made for you after three months. Yes she has an investment platform with multiple profitable Investment services.

    • Aliyah Hassan
      Aliyah Hassan 11 ай бұрын

      @Stefan Walter What's her commission and does she have an investment platform

    • Stefan Walter
      Stefan Walter 11 ай бұрын

      Investment is plan for the future especially when it's very profitable and having an expertise Investment manager and guide like Mrs Chloe guarantees you 100% profit. I am glad that she's my Investment manager.

    • Amelie Odetta
      Amelie Odetta 11 ай бұрын

      With Mrs Chloe Rosalie's guide and assistance,I have achieved my dream of becoming financial stable.

  • MisterMaster4life
    MisterMaster4life  Жыл бұрын +1

    He just gives his answers straight. Amazon and Apple tech or brand companies? Both.
    No bs, No detours. He lives up to his "keep it simple " philosophy. "Yes. No. Of course."
    Very refreshing in a world build on bs.

  • Steven Walshe
    Steven Walshe 3 жыл бұрын +96

    Charlie is bursting with wisdom when he speaks. He motivates me a lot on thinking for myself most of the time rather than just going with what everybody else agrees with.

    • HerboSmoker
      HerboSmoker 15 күн бұрын

      It wasn't wisdom it was knowledge

    • Elijah Mumford
      Elijah Mumford 3 жыл бұрын +3

      ...Now We all Know WHO ...BACKBONE-''...of ''Berkshire-Hathaway''...is..case closed..!! p.s. NOW GO GET ME THAT ...BooK...Keeper-..!???

  • mike garcia
    mike garcia 11 ай бұрын +1

    Charlie stays middle of the ground masterfully avoiding picking sides. It is refreshing listening to him.

  • Rchitect
    Rchitect 2 жыл бұрын +22

    "Yeah, not much is right" - this guy is on a whole other level.

  • Nick P
    Nick P 2 жыл бұрын

    People might think Munger is pompous but his thinking is more rational than 99% of the population. He is an asset to Berkshire & to our entire investment community. This is someone who has very strong opinions but backed up by principled reasoning. Great interview! Thanks for sharing! 👍

  • Ali Karmali
    Ali Karmali 28 күн бұрын

    Thank you Charlie. Amazing content. Always great hearing you talk!

  • Troy George
    Troy George 3 жыл бұрын +186

    Loved hearing him say that he gave half of his money to his children because that is what his late wife would have wanted. It was her money to do with as she pleased. How many Americans still think that their marriage is a team and that each of them owns half of everything they have? Charlie is so wise in his simplistic explanations.

    • J B
      J B 8 ай бұрын

      Lol no one could ever verify if that’s even true…BECAUSE SHE’S DEAD. However! I totally agree with Munger. Could you imagine at the end of a life after making billions of dollars, these A-Holes and their contract spin-doctors like Andy Sewer endlessly badger you about why you’re not giving all the money that you earned away to their investment fund so they can make money managing it…what a scam!

    • bighand69
      bighand69 9 ай бұрын

      @Kmasse8
      You are just making stuff up.

    • Kmasse8
      Kmasse8 9 ай бұрын +1

      @bighand69 ”In the United States, about 50% of married couples divorce, the sixth-highest divorce rate in the world. Subsequent marriages have an even higher divorce rate: 60% of second marriages end in divorce, and 73% of all third marriages end in divorce.”

    • Joseph Bergen
      Joseph Bergen  Жыл бұрын +1

      @Ebag1990 how many kids do you have? Your idea makes sense on that outside but it’s lala land.

    • The Farmers Daughter
      The Farmers Daughter 2 жыл бұрын +5

      @lodevijk if she was married to him she did!

  • John Patrick
    John Patrick  Жыл бұрын +3

    Imagine being this smart and well spoken at 95!

  • David King
    David King  Жыл бұрын +4

    When you speak the truth you don't need scripted interviews.

  • marc S
    marc S 2 жыл бұрын +7

    Charlie is straight up a freakin genius and hilarious. Listen to him with an audience he doesn’t even try to be funny. The truth is just really funny

  • Ed Cruz
    Ed Cruz  Жыл бұрын +2

    If we could produce more people like Mr. Munger, we would have reason to be hopeful for our future. His family must be super proud. As it is usually the case, he is not the one getting the full credit for BRK success.

    • Responsible Wealth
      Responsible Wealth  Жыл бұрын

      You're definitely right, but I feel like he doesn't care about that anyway!

  • Julian Overton
    Julian Overton 3 жыл бұрын +254

    I love how blunt he is. Elderly people don't have time to beat around the bush. Everything they do or say is directly to the point or is intended to be genuine.

    • Julian Overton
      Julian Overton 2 жыл бұрын

      @PrettyBrwnEyez true. We Capricorns are like that

    • PrettyBrwnEyez
      PrettyBrwnEyez 2 жыл бұрын +1

      He's a Capricorn...it's what we do lol

    • Pinchshot
      Pinchshot 2 жыл бұрын +6

      This is how we all were before "feelings"

    • Feralz
      Feralz 2 жыл бұрын +2

      Julian Overton lol imagine thinking hes doing this because he’s old

    • Cal
      Cal 3 жыл бұрын +9

      Read up, he has always been this way

  • FireLordSozin
    FireLordSozin 2 жыл бұрын +87

    “Are Apple and Amazon brand companies or technology companies?” Munger: “both” **Stare Of superior indifference** 😂😂

  • Clarke Corvo
    Clarke Corvo  Жыл бұрын +1

    such a wise and smart man, i could listen to him for hours on end.

  • Jensy Dominguez
    Jensy Dominguez  Жыл бұрын

    Charlie Munger is the funniest and wittiest person without even trying. It just comes to him naturally.

  • DannyDeVito
    DannyDeVito 2 жыл бұрын +1

    This interviewer just loves, respects and is probably even intimated by Charlie...after many an interview with him.....respect to such individuals who let the established and proven given such rightly deserved respect and cordiality. U are loved Andy.

  • Sha Berkshire
    Sha Berkshire  Жыл бұрын

    Fantastic interview👍 he is direct and to the point

  • Vlăduț Mititelu
    Vlăduț Mititelu  Жыл бұрын

    Is amazing how objective he can be.

  • Mucho Verde
    Mucho Verde  Жыл бұрын +1

    Thanks for your comments on health care in the US. I lived in Singapore in the Lew Kwan Yew era. My father was a big fan of his.

  • Nigel Ng
    Nigel Ng 7 ай бұрын +1

    this man, charlie munger, is what differentiate a great human mind from computers' intelligence. humanity, wisdom and depth. its no formula , its art.

  • Michael Jensen
    Michael Jensen 3 жыл бұрын +12

    Charlie Munger is an absolute treasure to Humanity! Great Interview Andy. Thank you for asking your questions and getting out of Charlies way to answer how he saw fit. You let him answer without ever cutting him off and let Charlie be Charlie!

  • In the Vault
    In the Vault 24 күн бұрын

    I just discovered you Mr. Munger. You have some of the most wonderful, logical, and realistic observations I’ve ever heard. I ❤views on the economy.

  • Marshall Hosel
    Marshall Hosel  Жыл бұрын

    We need more Charlie’s in business.

  • Dickson Grant
    Dickson Grant 2 жыл бұрын +24

    I've always been an advocate of the stock market because it has paid off handsomely since I decided to invest in it.

    • jeremy foden
      jeremy foden 2 жыл бұрын +1

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      Absko Odhiambo 2 жыл бұрын

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    • Dickson Grant
      Dickson Grant 2 жыл бұрын

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    • Adela Serrano
      Adela Serrano 2 жыл бұрын

      I’m also thinking of investing, but I’ve always been told that it might be dangerous.

    • David Bucker
      David Bucker 2 жыл бұрын +2

      Yes Grant. From my experience, you can’t over rule the the fact that one needs to stay focused and not get greedy as the market is unpredictable.

  • Mark Williams
    Mark Williams  Жыл бұрын +3

    Hats off to Mr. Charlie Munger and Mr.Warren Buffett 🎩

  • Jody Schroeder
    Jody Schroeder 3 жыл бұрын +7

    Mr Munger you are the most legendary perceptive human there is ... you see reality as is and you always give the most intelligent responses to questions. You have been such an inspiration to me over the years, Keep shining and smiling Charlie, you deserve it !

  • Black Vito
    Black Vito 2 жыл бұрын +4

    *"Combination of luck and skill, that's what all good records are"* Charlie munger

  • Shahzaib Ansari
    Shahzaib Ansari 5 ай бұрын +1

    The interviewer has crazy interview skillsHe knows how to extract the answers & knowledge out of this sea of wisdom

  • Avijit
    Avijit 2 жыл бұрын +33

    Theres a ton of KZclip videos with a million views on the most random stuff, but it doesn’t compare to the wisdom of such videos. I feel privileged in finding Charle, Warren, and many others instead of being drawn into the other stuff.

    • belch
      belch  Жыл бұрын

      Who are those many others

  • Rory Bamford
    Rory Bamford  Жыл бұрын +3

    “It’s a problem if enough politicians are screaming about it” 😂

  • Davie Chen
    Davie Chen 3 жыл бұрын +17

    Love Warren but Charlie is my all time favorite. I wish he could share his knowledge with us at least for 50 more years.

  • Derrell Price
    Derrell Price  Жыл бұрын +1

    Met him one time at Berkshire Hathaway annual meeting. What a blessing.

  • Panic Attack Recovery
    Panic Attack Recovery 2 жыл бұрын +1

    Great interview of a wise man.

  • The Monk
    The Monk 2 жыл бұрын

    This was quite a special interview. Thank you.

  • Madhav Chowdary
    Madhav Chowdary 2 жыл бұрын

    God Bless Charlie. He is Legend and He has vision

  • J Attitude
    J Attitude  Жыл бұрын +5

    "I don't know everything you know" that made me want to listen closely to everything else he had to say, some young gurus today seem to pretend to know everything

  • peace be steal
    peace be steal  Жыл бұрын +6

    Those that count on you are the few that got paid investing thank you 👆👆👆

  • me
    me  Жыл бұрын +2

    "welcome to adult life, it happens to everybody"🤣🤣

  • Sigurður Ágústsson
    Sigurður Ágústsson 2 жыл бұрын

    The wisest investor of all time imo.

  • Matt Madness
    Matt Madness 4 ай бұрын

    Every now and than i go back to Mr Munger's interviews.. it's so refreshing to listen to an intelligent- no bullshit person who actually accomplished something and is spending his entire life to learn

  • Roxorito
    Roxorito 2 жыл бұрын

    what a legend Charlie is

  • Infotainment
    Infotainment  Жыл бұрын

    This old timer knows the answer before the question is even finished and has no patience for BS he's awesome

  • Justin Shankle
    Justin Shankle  Жыл бұрын +9

    Munger is a great salesman. He quickly and bluntly states that everything about the companies he owns stock in is going to be ok because he knows he would lose stock value if he didn't say that. Him and Buffet also always have their bottles of Coke perfectly facing the camera that they never actually drink from. They want to sell to people that they, the super smart and wealthy, drink Coke so that the average person will too, even though its obvious if you pay attention that they don't drink the garbage.

  • charles
    charles 2 жыл бұрын +27

    "we're trying to find intelligent things to do with the torrent of cash", what a feeling that must be

    • quentin monte jr
      quentin monte jr  Жыл бұрын

      Open adoption hospitals that have free births and free adoptions

  • Dj Ben
    Dj Ben  Жыл бұрын

    I like the flow of the program Andy. I am very thankful and learned a lot

  • Michael Woods
    Michael Woods 2 жыл бұрын +4

    About his Army experience (at about 35 minutes): As Chief of the Army High Command, Kurt Freiherr von Hammerstein-Equord oversaw the composition of the German manual on military unit command (Truppenführung), dated 17 October 1933.
    He is quoted as originating a classification scheme for officers:
    “I distinguish four types. There are clever, hardworking, stupid, and lazy officers. Usually two characteristics are combined. Some are clever and hardworking; their place is the General Staff. The next ones are stupid and lazy; they make up 90 percent of every army and are suited to routine duties. Anyone who is both clever and lazy is qualified for the highest leadership duties, because he possesses the mental clarity and strength of nerve necessary for difficult decisions. One must beware of anyone who is both stupid and hardworking; he must not be entrusted with any responsibility because he will always only cause damage.”

  • Phoenix Olivia
    Phoenix Olivia 2 жыл бұрын +1

    A man of few words that pack a huge punch.

  • David W
    David W 2 жыл бұрын +3

    First time I have ever listened to him and a very impressive human being. We need more people like this. Hopefully when I grow up I can be like him.

  • Garvin
    Garvin 2 жыл бұрын +30

    "I don't think she knows who Adam Smith was" lmao best quote. Munger is the best!

    • David Renwick
      David Renwick  Жыл бұрын

      Yeah best at pulling false assertions out of his leprous arris. He doesn't like her but that doesn't negate her B.A. in Economics (ya know Big Money systems stuff.)

    • SilverBullet
      SilverBullet 2 жыл бұрын +4

      That was epic. She is a con artist😆

  • Sills71
    Sills71 2 жыл бұрын +2

    There is actually a lot wrong with cash building up and Munger knows that.

  • PeteBeast
    PeteBeast  Жыл бұрын +1

    This is proof the mind ages so much slower than the body. He is sharp and smart yet his body already gave in.

  • Rational Investieren
    Rational Investieren 2 жыл бұрын +1

    easily one of the wisest/ smartest men alive! Role model!

  • Text benefitwithhannamacko on Facebook

    If I should start typing and talk how you saved me from debt down to how I got everything I wised for I won't leave here but thanks hanna being the best trader 👆👆

  • Eric Hart
    Eric Hart 2 жыл бұрын +3

    Thank you for bringing that interview to us

  • NerdyJock
    NerdyJock 2 жыл бұрын

    He gives the best interviews

  • l'Empereur
    l'Empereur 2 жыл бұрын +8

    Charlie: I only invest in things that I’m interested in
    Interviewer: can you tell us if Brazil is a good country to invest in?
    Charlie: I don’t know that much about Brazil
    Interviewer: why?
    Charlie: because I only invest in things that I’m interested in.
    smh the interviewer keeps asking him stuff he obviously doesn’t care about 🙄

  • Jon G
    Jon G 3 жыл бұрын +6

    He is a really amazing person. Really expresses himself tremendously and is really well thought out. I have a lot of respect for him.

  • David King
    David King  Жыл бұрын +2

    Both my parents suffered from dementia and at 72 I realize that my recall is slowing down, what a wonderful mind Munger has at his age, I am envious.

    • G M
      G M  Жыл бұрын +1

      Keep active. It helps with the neurons. Good luck to you. Stay well.

  • Felipe Guimarães
    Felipe Guimarães 2 жыл бұрын +12

    Watching this on January 1st, Charlie's birthday
    Happy Birthday and a Happy New year to this legendary man!!
    🥳🎂🍾🥂

  • CalvinK
    CalvinK  Жыл бұрын +3

    7:08 “Nobody was trying to make the rich richer. It just was an accidental by-product of a correct governmental decision made on a bipartisan basis.” Charlie Munger nailing the reason for income inequality in USA.

  • Adrian Tan
    Adrian Tan  Жыл бұрын +5

    “I don’t know. I don’t know everything you know!?”
    A brave statement only the truly wiseman will speak, confess, proclaim.

    • Mickey Drago
      Mickey Drago  Жыл бұрын

      Not well versed on the blockchain

  • Shy D
    Shy D 2 жыл бұрын +85

    "I don't have to invest in everything that I'm interested in."

  • Rajkumar Velupillai
    Rajkumar Velupillai 2 жыл бұрын +1

    95 years of wisdom, simple and wise man. He seems to have great admiration for Singapore and late leader Lee Kuan Yew :)
    Good health Sir!

    • Kasikwa Goma
      Kasikwa Goma 2 жыл бұрын +1

      You are right, he is a big admirer of Singapore and Lee Kuan yew.

  • Fireside Chats
    Fireside Chats 2 жыл бұрын

    It amazes me how the interviewee uses all this, fluff and Charlie uses such simple plain language. The aspirationals are known to use big words and over explain things. Guys like Charlie. Simple. Open. Direct. And that. Is why he is being asked the questions. And not the other way around.

  • Cas Van Der Heijde
    Cas Van Der Heijde 2 жыл бұрын +1

    When i listen to Charlie, i have to cry. It is so fk good.

  • Jiaxi Tse
    Jiaxi Tse 3 жыл бұрын +12

    Charlie is my new inspiration. Such an intelligent man en sees the world as it is. His wisdom and philosophy is an eye opener. The common sense from average people is nowhere near of mungers. I admire him. Wish people were more intelligent than "smart".