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Charlie Munger Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE

  • Жарияланды 2022 ж. 24 Там.
  • Charlie Munger warns about the biggest inflationary bubble in world history bursting and shares his thoughts on how it is going to unfold. He elaborates on the difficulty of building wealth for the young generation of today compared to his. Charlie says that we’re flirting with serious trouble and the consequences may be worse than what Paul Volcker was dealing with in the 1970s.
    Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charles T. Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, the psychology of wealthy people, rationality, and life experience.

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    Charlie Munger Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE

Пікірлер • 5 029

  • Marian Parker
    Marian Parker 5 күн бұрын +1174

    Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?

    • Priki Priki
      Priki Priki 4 күн бұрын

      It capitalism beeing savage and unsustainable taking profit from people That why crisis are happening.

    • Wiebe Platt
      Wiebe Platt 5 күн бұрын +2

      This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Stephanie priscilla bonillo online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Thanks

    • Classicphotos
      Classicphotos 5 күн бұрын +3

      Stephanie Priscilla Bonillo is my Adviser, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly.

    • instinctively_awesome
      instinctively_awesome 5 күн бұрын +1

      @Classicphotos I need guide so i can salvage what remains of my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

    • Classicphotos
      Classicphotos 5 күн бұрын +3

      Having an investment adviser is the best way to go about the market right now, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

  • Cloudy Blaze
    Cloudy Blaze 2 күн бұрын +1013

    With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

    • Alexander Webber
      Alexander Webber 2 күн бұрын +2

      @Kayla Wood Thank you for this referral! i just looked her up and sent a message hoping she gets back to me.

    • Kayla Wood
      Kayla Wood 2 күн бұрын +2

      @Robert Williams My advisor is "Emily Catherine Mallick" You can easily look her up, she has years of financial market experience.

    • Robert Williams
      Robert Williams 2 күн бұрын +3

      @Kayla Wood Please can you leave the info of your investment advisor here? I’m in dire need for one

    • Kayla Wood
      Kayla Wood 2 күн бұрын +4

      @Charlotte Riley Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K

    • Charlotte Riley
      Charlotte Riley 2 күн бұрын +4

      Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.

  • Vera Monique
    Vera Monique 5 күн бұрын +638

    There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!

    • Danny Vera
      Danny Vera 5 күн бұрын

      *PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her

    • Daniel Jamal
      Daniel Jamal 5 күн бұрын +1

      Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.

    • Vera Monique
      Vera Monique 5 күн бұрын

      I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.

    • Danny Vera
      Danny Vera 5 күн бұрын

      I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight

    • Daniel Jamal
      Daniel Jamal 5 күн бұрын

      If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life

  • N.R
    N.R 2 күн бұрын +463

    .I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $28500 this oct. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv

    • Luca Greco
      Luca Greco 2 күн бұрын +1

      .I am practically holding on by a thread right now, so this recommendation is timely! I conducted an online search for her and set up an appointment

    • Lucas Williams
      Lucas Williams 2 күн бұрын +1

      My advisor is, Sandrine Nadege Logan. You can easily look her up, she has years of financial market experience

    • curtis.cleverly
      curtis.cleverly  2 күн бұрын

      @Lucas Williams How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating

    • Lucas Williams
      Lucas Williams 2 күн бұрын +2

      The 2008-09 crash saw markets fall, wiping out trillions of dollars around the world, but savvy investors recognized a once-in-a-lifetime buying power, with companies' stocks on the market at deep discounts. With markets recovering from the Great Recession, these investors realized tremendous gains from their assertive maneuvers. I'm no savvy-investor, but the one method I've relied on to gain rapidly during times like this is having an asset-coach guide me. It may sound cliche, but I've been able to pull off over $750k this year alone using just this single method.

    • FrankTatum
      FrankTatum 2 күн бұрын +2

      The secret to mrkt success is working at it daily for a long time. You don't get discouraged when times are tough, and you don't start thinking that you are a genius when times are good. For a successful long-term strategy I recommend you seek the guidance a financiaI advsor

  • o'neil jerry
    o'neil jerry 7 күн бұрын +737

    As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

    • T mo
      T mo 6 күн бұрын

      @Bobby mainz Digital assets? You disagree with Warren Buffet and Charlie Munger.

    • Bobby mainz
      Bobby mainz 7 күн бұрын +2

      I searched for Eileen by her full name and she seems quite trustworthy and knowledgeable. She is a fiduciary acting in the interest of the individual. So I left a message on her site, I hope she will answer soon.

    • lawerence miller
      lawerence miller 7 күн бұрын +3

      Search and connect with Eileen Ruth Sparks . She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

    • joesph cu
      joesph cu 7 күн бұрын +1

      It's true... It just takes a good mindset and nerves of steel. I was deeply invested in 2017/2018 in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest

    • Bobby mainz
      Bobby mainz 7 күн бұрын +2

      True..... I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns

  • Stacy Wilson
    Stacy Wilson 17 күн бұрын +621

    Awesome! your potential seems timeless.* Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made. The good news is - it’s not too late, I'll suggest you find a mentor or someone with experience guide you especially in this recession.

    • the dude
      the dude 9 күн бұрын

      ^all bots

    • Gabrielle Wilson
      Gabrielle Wilson 17 күн бұрын +2

      @Tom Jason I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.

    • Tom Jason
      Tom Jason 17 күн бұрын +3

      @Shelia Swelttk I invest with (Amy Priscilla Raskin) a widely known investment consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..

    • Shelia Swelttk
      Shelia Swelttk 17 күн бұрын +4

      @Tom Jason

    • Tom Jason
      Tom Jason 17 күн бұрын +4

      @Williams Kohler

  • Brett Atkinson
    Brett Atkinson 12 күн бұрын +174

    Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

    • jtm0071
      jtm0071 22 сағат бұрын

      Look at HNRC

    • T mo
      T mo 6 күн бұрын

      @Richard M Todd Something for nothing is popular today. I started working full time in 1976, investing a little here and there. Here it is 46 years later. The slow turtle wins the race.

    • Amir Brooks
      Amir Brooks 12 күн бұрын

      @Richard M Todd Stephanie Priscilla Bonillo is the analyst/investment-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name on the net for her page and reach out. Understands the job perfectly

    • Richard M Todd
      Richard M Todd 12 күн бұрын +1

      @Amir Brooks Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck.

    • Amir Brooks
      Amir Brooks 12 күн бұрын +2

      @Philip Anderson I see any market condition as an opportunity. So far I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Financial-Advisor "Stephanie Priscilla Bonillo ". Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out.

  • Mesut Serim
    Mesut Serim 15 күн бұрын +647

    Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

    • Finest Bear Hug
      Finest Bear Hug 13 күн бұрын +1

      @Chris Bluebird Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

    • Chris Bluebird
      Chris Bluebird 15 күн бұрын +3

      @Finest Bear Hug My advisor is "Wendy Helene Bennett" You can easily look her up, she has years of financial market experience.

    • Finest Bear Hug
      Finest Bear Hug 15 күн бұрын

      @Chris Bluebird Please can you leave the info of your investment adviser here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol

    • Chris Bluebird
      Chris Bluebird 15 күн бұрын +2

      @Charlotte Riley Recessions are when millionaires are created. After my portfolio took a big hit in April, I was forced to employ the services of an Investment-adviser who has not only accrued a profit of $250k for me since then but has also taught me how.

    • Charlotte Riley
      Charlotte Riley 15 күн бұрын +1

      That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

  • Chris Chris
    Chris Chris Ай бұрын +40

    This wasn't just a lesson in Economics, it was a lesson in Humanity. Great video, a voice of reason in a field of work that has none.

    • lydia Anderson008
      lydia Anderson008 Ай бұрын

      @Chris how are you doing?

    • Crap Head
      Crap Head Ай бұрын +4

      CC... No lesson just arseholes running the markets and country... Live and learn.. Never trust politicians and government ever.... Tony cuenca

  • Elizabeth Ella
    Elizabeth Ella Ай бұрын +29

    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?

    • Nolaman1970
      Nolaman1970 Ай бұрын


    • MB Guy
      MB Guy Ай бұрын


    • Paul Norman
      Paul Norman Ай бұрын

      I'm interested to invest with him

    • Hanna Garcia
      Hanna Garcia Ай бұрын

      Instagram page☝️

    • Hanna Garcia
      Hanna Garcia Ай бұрын


  • liam richard
    liam richard 18 күн бұрын +1049

    With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.

    • Cynthia gipson
      Cynthia gipson Күн бұрын

      She really in depth now

    • Cynthia gipson
      Cynthia gipson Күн бұрын

      Child buying stock a struggle now

    • erich kraetz
      erich kraetz 18 күн бұрын

      I did check her out, I see why she's booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.

    • alex young
      alex young 18 күн бұрын +3

      Ingrid Cecilia Raad is the coach that guides, you probably might've come across her before, she's quite known in her field, search her

    • erich kraetz
      erich kraetz 18 күн бұрын +1

      Omg you made 650k this year? Who is this coach that guides you?

  • Chris O
    Chris O Ай бұрын +15

    "The world is not run by greed, it's run by envy" very true, I'll be using this quote for sure

  • Oriol Cuñado
    Oriol Cuñado 2 ай бұрын +129

    First time I ever watched a speech of Charlie Munger. In my opinion he is 99.9% right.

    • Jermaine “Jermaine”
      Jermaine “Jermaine” Ай бұрын

      On the other hand, BIB Cryptocurrency Exchange is hitting a new milestone. They will be having their Initial Exchange Offering their own exchange platform and will be selling 1Billion tokens (200,000USD value) You gotta try it 🤑

    • kc et
      kc et 2 ай бұрын

      US Feds are smart. Time to raise interest rate. Win-Win for the US.

    • cailín Éireann
      cailín Éireann 2 ай бұрын +1

      listen to his words
      "may happen"

    • Rolando Aquino
      Rolando Aquino 2 ай бұрын +13

      The. 0.1% where he's wrong is when he says that Inflation is our biggest long term problem; It's not Inflation: It is CORRUPTION!

    • Desert Sky
      Desert Sky 2 ай бұрын

      But he's 100% Evil.
      This communist is pure evil.

  • Adam Johnson
    Adam Johnson Ай бұрын +18

    When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it

    • Bob Richard
      Bob Richard Ай бұрын

      He's not like other brokers that will start telling you stories and excuses why they trade didn't go well after collecting your money.

    • Victor Jack
      Victor Jack Ай бұрын

      I've never heard or seen any of his clients complain of lost....I think he's just too perfect.

    • Wang Chris
      Wang Chris Ай бұрын

      Sometimes I wonder if he uses magical powers to trade.

    • Wang Chris
      Wang Chris Ай бұрын

      Expert Mr Brydeen Coineach has really made name for himself.

    • Wang Chris
      Wang Chris Ай бұрын

      I'm not here to converse for him but to testify just for what I'm sure of, he's trust worthy and has been the best option ever since.

  • Oak Tree
    Oak Tree Ай бұрын +51

    Crazy thing is that he is telling us all what we all have already learned. That's how stupid we are. Don't envy, don't expect easy, work hard, avoid pursuit of material things, stay simple, don't complicate things, listen to your elders, be grateful.

    • effexon
      effexon 18 күн бұрын

      he put it in context though, that his generation had easier time. that's very valuable than self help type out of context generic lessons.

    • S MD
      S MD 29 күн бұрын

      And don’t ask too much ..

    • Love Heals
      Love Heals Ай бұрын

      It's not about being superficial and envious. Being "poor" for a prolonged term of a time. Makes you and your nation weak for invading species. Money is also protection in this current global climate. And the rise of China is a prime example of this. Even in the war between Russia and the US we can see this coming back. It shouldn't have to be this way, but it is, because those that were able to subdue the rest of the world with weapons and violence made these rules and now everyone has to adhere to them

    • lydia Anderson008
      lydia Anderson008 Ай бұрын

      @Oak how are you doing?

    • RTM
      RTM Ай бұрын

      Our elders are boomers who ruined the economy to begin with though

  • Mike F
    Mike F 2 ай бұрын +62

    Wow, what an interview. The reason the future is doomed is because there is no one left like him. He’s right about the politicians. They aren’t smart enough to realize the mistakes they’re making.

      JAMES RECKNOR 18 күн бұрын

      Comrades, The Party knows what is best for us peasants.

    • V D
      V D Ай бұрын

      They are not the ones in control. They are the elite's puppets

    • Inspect Her Gadget
      Inspect Her Gadget Ай бұрын

      It's not a mistake. You will own nothing and you will live in a pod and you will be happy.

    • Kyle Reed
      Kyle Reed 2 ай бұрын +6

      Oh they know

    • chris x
      chris x 2 ай бұрын

      and you arent smart enough to see it for what it truly is…an agenda….funny how that works

  • Kaptan
    Kaptan 2 ай бұрын +107

    Despite the interviewer trying to get back to topical questions. Charlie straight up ignores that, instead he condenses all relevant human history, economics and investment theory into 10mins. That was a masterclass. It takes a lifetime of reflection and deep thinking to make things sound that simple.

    • Mr Bee Outdoors
      Mr Bee Outdoors 2 ай бұрын +7

      Not often you see someone ignore a reporters questions and produce something that people actually want to hear.

  • Marcus Kelly
    Marcus Kelly 2 ай бұрын +43

    He is amazing, doesn't miss a beat. Thank you for sharing your knowledge and time with others in this world. You are a special man.

    • R C
      R C Ай бұрын

      It's interesting that he threw in a little blurb that he doesn't understand- fat poor people. Their diet of cheap food, bc they don't have money to buy real food to last, contributes dramatically. When we let a good deal of our GDP be acquired through things that are unhealthy, this is what we get. He shouldn't comment on things he doesn't understand. Otherwise, I appreciate his wisdom.

    • Josiane Lessard
      Josiane Lessard 2 ай бұрын

      What did you learn? Probably not much

  • Adam Morales
    Adam Morales 2 ай бұрын +1

    I’m so glad he has come out and said this. Everyone complaining about the interest rates over the last couple months. The government still looking to print and throw tons of newly printed money at the market while wages remain stagnant for 70% of Americans (conservatively). realistically we need higher rates, a moderate but steady increase in wages over the years. And we need it for a longer period of time. We need more people saving funds to pay for things. It’s been decades since even the government has had a balanced budget. Everyone knows there’s a problem. We just don’t mention it.

  • Ángel Josué Román
    Ángel Josué Román 2 ай бұрын +16

    Remarkable man, Charlie Munger. Hope he lives another 98 years.

  • Willpower Cinema
    Willpower Cinema 2 ай бұрын +71

    "You have a company that makes your product obsolete, and you SOLVE that by DYING." Savage line!!!

    • mecagoenbb
      mecagoenbb 22 күн бұрын

      @Josiane Lessard in my mind it means that you should consider leaving the leadership of your company to someone else

    • Josiane Lessard
      Josiane Lessard 2 ай бұрын +2

      What is that even supposed to mean?!

    • Jeff Navarro
      Jeff Navarro 2 ай бұрын +7

      And a lot of people don't like that solution!

  • Gary Becker
    Gary Becker 2 ай бұрын +80

    Pure genius. Every word is spot on. Most won't listen to this entire discussion or understand what he is saying, but for those that do, you understand the situation of our modern society. I feel very fortunate to have been born in 1950 and have seen the advancements in modern medicine, industry and technology. I don't think the next 70 years is going to be as fruitful. If not horrible.

    • army
      army 2 ай бұрын +2

      I love your positive mindset. Thanks for the meaningful comment.

    • satisfied bride
      satisfied bride 2 ай бұрын +3

      We will see tribulation we have never seen and will never see again. God's Word is truth.

    • Richard Rubin
      Richard Rubin 2 ай бұрын +3

      Could you imagine what people were saying during the 1860s, during WWI, The Gilded Age ( the most wealth unbalace in history), WWII, the Great Depression, 1960s with civil unrest and Vietnam War...it's always bad according to people living in it at the time. Humans adapt and they will continue to , until this ball of water stops spinning one day.

    • Koen
      Koen 2 ай бұрын +2

      You were born at the perfect moment in time, as 1950-2020 was a very stable time to live in all things considered.
      My generation is f***'d

    • Brian
      Brian 2 ай бұрын +2

      Many said the same thing 70 years ago. Wasn't there a time long long ago that the Patent office was going to close down, everything was already invented.

  • Ekmek Reyİs
    Ekmek Reyİs 2 ай бұрын +4

    I never seen a community so strong, barely 2 weeks also and they HOTged to achieve so much, we gonna make it

  • tj frost
    tj frost 2 ай бұрын +10

    Charlie Munger sure knows the times, signs of our times and lessons from the past. Thanks so much for this, it is well worth a listen.

  • Kay Voigt
    Kay Voigt Ай бұрын +1

    I knew we were going to have tough times when the Democrats came in office, but I really didn't think it was going to be this tough. At 65, I've been through a few downturns and I've never seen inflation go up this high this fast. Then you start listening to the world news and hear how the UK in Europe are struggling as well with the same issues. What this tells me is that they're trying to force that new world order in pretty quick. I don't know what it's like in other countries, but here in the US the media wants you to think it's a good thing and they brainwashed a few college and Young folks into believing it. But I can guarantee you there's a good 90% the media never reports on that are fighting it, well at least griping about it. If we can get past fraudulent elections we might can make a turnaround but that's looking bleak.

  • Renata Barbara
    Renata Barbara Ай бұрын +109

    Yes, market crashes. Yes it has not bottomed, It has no business at this level in the first place, pumped up by the Fed and central banks around the world. You can still be 100% invested at this level. Good luck! I prefer to sell the bounce and keep 50% cash. I will not get back into the market more than 50% if S&P is not 30% lower from here. I trade and make quick profits. With this inflation and my expectation on the economy, I am ok with 70% cash. I don’t short the market. Just keep selling the bounce!

    • Lucas Rusel
      Lucas Rusel Ай бұрын

      Thanks...I just got word from her through her webpage, i can't wait to get on the phone, we scheduled for Thursday

    • Guilherme Gonzales
      Guilherme Gonzales Ай бұрын +2

      I outlined a decent sum and I generally stay contributed, with the assistance of a counselor "Lisa Michelle Pacillas" she assisted me with accomplishing this level, basically look her name up on the web

    • Lucas Rusel
      Lucas Rusel Ай бұрын

      how did you achieve this?

    • Guilherme Gonzales
      Guilherme Gonzales Ай бұрын +2

      It's been a staggering encounter, I really achieved my very first 6figure gain of around 28 BTC in 5 months and I'm getting more dynamic and educated on the lookout.

    • Lucas Rusel
      Lucas Rusel Ай бұрын +2

      I am sitting on cash. I sold my stocks but the best part about this sell-off i have been mostly right, the worst part about it is that i don’t short anymore so I’m not making so much money but at least i will get to buy twice the stock with the same USD amount.

  • Quantum Effect Residue
    Quantum Effect Residue 2 ай бұрын +9

    This is the BEST video I've ever seen on the subject of economics, society, and Human behavior. It was like truth hitting you in the face.

  • Richard Fliearman
    Richard Fliearman 2 ай бұрын +39

    "Most people will lose everything...but it won't be me"- Charlie Munger

    • Adam Morris
      Adam Morris 2 ай бұрын +2

      I ain't go nothing to lose 🤑

    • Michael Adams
      Michael Adams 2 ай бұрын

      The only reason this system is able to sustain itself is because people buy into the falsity of "selfishness as a moral good", which maintains us as our own "jailers." But abundance can only be derived by detachment, and inclusion, which capitalism can't afford.
      After the planet flushes this stupid shit down the toilet, our epitaph, written, hopefully, by a more sensible species, maybe an anthropological oncologist, will state that "Capitalism was the greatest possible achievement of a barbaric mind."

    • Warriors Champions
      Warriors Champions 2 ай бұрын +3

      Having good health is everything, so we don't lose anything.

    • Mark O'Shea
      Mark O'Shea 2 ай бұрын +3

      'Famous last words of a fool' is a George Strait song.

    • Paige Turner
      Paige Turner 2 ай бұрын +1

      Yep! It won’t be me either!!

  • Ryan Smith
    Ryan Smith 2 ай бұрын +39

    Every teenager, young adult Needs to listen to this. He puts so much into perspective.

    • lydia Anderson008
      lydia Anderson008 Ай бұрын +1

      @hello Ryan how are you doing?

    • Kat Dat
      Kat Dat 2 ай бұрын

      This is a bit much for most teenagers I think

    • Infinity161
      Infinity161 2 ай бұрын +1

      What's the message they all need to take away? LIVE IN FEAR, FEAR, FEAR!!!! Never invest!!!! No matter what, there is ALWAYS an enormous crash right around the corner!!!

    • John Doe
      John Doe 2 ай бұрын +5

      🤣🤣🤣🤣🤣 you think teenagers can understand this level of common sense. Good on ya.

  • random kid
    random kid 2 ай бұрын +2

    The positive thing is, the US economy is in a stronger position to replace it's currency than any of the past examples he pointed to.

    • David Henry
      David Henry 2 ай бұрын +6

      Replacing a currency means the previous one failed. It's done from a position of weakness, not strength. Gold and silver are money. Everything else is debt. Good luck kid.

  • poem
    poem 2 ай бұрын +5

    Leaving finances aside, I loved this mans take on society and his social commentary.

  • Adam Joseph
    Adam Joseph Ай бұрын +6

    The world isn’t driven by greed it’s driven by envy. - Charlie Munger

  • Al Ram
    Al Ram 2 ай бұрын +3

    The guy is right. I just find it interesting how he is giving us a profound lecture on the dangers of greed and the hostess just replies with "but please tell us, how can I make more money"

  • James Bradley
    James Bradley 2 ай бұрын +7

    The economic crisis is just a time that differentiates the wise from the other, the wise will invest right now either in stock or cryptocurrency just to hold some shares of something

    • lydia Anderson008
      lydia Anderson008 Ай бұрын

      @hello James how are you doing

    • Rebecca flores
      Rebecca flores 2 ай бұрын

      “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.”

    • Eugenia Keesha
      Eugenia Keesha 2 ай бұрын

      As the economy crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future!

  • Bob A
    Bob A 2 ай бұрын +24

    "And we're closer to terrible trouble than we've been in the past but it still may be a long way off." That's called hedging your bets - analogous to the weatherman 'predicting' that the approaching hurricane may veer left and go inland, or may veer right and go out to sea.

  • James Gonzales
    James Gonzales 2 ай бұрын +8

    This man has an understanding of economic-social-political forces that is remarkable. Wish I had heard this when I was young.

  • TZ
    TZ 2 ай бұрын +8

    This has been said for years. We’re still here hanging onto what we’ve got. It’s tough out here, but stop the fear.

    • Junior Whitefish
      Junior Whitefish 2 ай бұрын

      Umm, every time is different.

    • slooob23
      slooob23 2 ай бұрын


    • kja200018
      kja200018 2 ай бұрын

      Umm this time is different. Sure wouldn’t take your advice. Nothing wrong with being prepared. That doesn’t make you scared.

    • ccv jd
      ccv jd 2 ай бұрын

      Yeah but they (USA and Canada) just kept increasing the money supply to prevent economic collapse. Inflation will eventually get out of hand. There will be a large recession its a 100 percent guaruntee. Will it end the world? no. It will suck bad tho.

    • Not a Clout chaser
      Not a Clout chaser 2 ай бұрын +1

      Exactly -
      Thats all it is.. they just want to take all they can from the middle class slaves and also force more people into the lower class federal programs

  • Pablo Sanhueza
    Pablo Sanhueza 2 ай бұрын +2

    I Currently work at Costco, so it hits home when Charlie talks about how good the Costco stock is currently. He is not wrong about that stock. I have made Amazing strides in income just based on it in 5 years. I won't and cannot say how much, because it is possible I could get in trouble...But just know, that what Charlie says here is absolutely correct. Good luck everyone!

  • Marcus Pidek
    Marcus Pidek Ай бұрын +1

    Wow. Charlie Munger is a great resource of wisdom and guidance for anyone who has the time to listen. Thanks, Charlie, for taking the time.

  • Upscaled FMVs
    Upscaled FMVs 2 ай бұрын +1

    "Most people will lose everything..."
    The part that is unsaid is, "The ultra wealthy will make sure of it."

  • DW X
    DW X 2 ай бұрын +5

    Mr. Munger is a wise man about history. He lived a lot of it.

  • Shaan Bukhari
    Shaan Bukhari 2 ай бұрын +2

    This is the best speech I’ve heard in a long while. Kudos sir

  • Phil Google
    Phil Google 2 ай бұрын +1

    Its not often that one is treated to sober and rational words like these. Thanks Charlie.

  • R C
    R C Ай бұрын +1

    At this point, watching from the view of agencies that help help people get past obstacles (without judgment of where they are, financially-the "wise" need to do more to help pass the wisdom down), I see that this man who knows a lot about money is purely clueless about the plight off the poor. This is why we are where we are, the screaming for help to get through perilous times is thought of as envy.
    I have come to the conclusion, after work in agencies and listening to stories (and trying to climb out of poverty myself) that we weren't listening to the needs of the people. They were the signal! What if we heard the cry of the poor? Maybe we wouldn't be where we are today. It all starred at the bottom. Where we (including me) thought it was a lack of monetary responsibility (due to lack of knowledge) and told people to work more to get through tough times. This led to kids being raised by themselves.
    Within the last five years I have had to look at budgets of the people. They are working hard, two and three jobs, sometimes mom & dad 2 jobs each. WE WEREN'T LISTENING! That was our signal that things were going to get tough for the rest of us. But we were so instant that it was envy and lack of responsibility. Seems we may have been wrong, at least partially.
    When basic necessities cost more than what one can earn, it's a problem- for all of us! The divide between the wealthy and poor has grown too wide. Neither side understands each other, but the lower income have to pay the bill, regardless.
    Please, Mr Munger- stick to your area of expertise. And yes, there is much greed, even you!

  • Yell Power
    Yell Power 2 ай бұрын

    It is a Boon for Millions of us to have such amazingly geniuses such as Mr Munger in our lifetimes to learn from.

  • Richard M Todd
    Richard M Todd 5 күн бұрын +3

    The stock market rally run is over but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.

    • Alice woodward
      Alice woodward 5 күн бұрын

      Building a good finacial-portfolio is more complex so I would recommend you seek professsional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

  • david richard
    david richard 2 ай бұрын +8

    Wow! “The world is not driven by greed, the world is driven by envy! “ What a wise man.

  • George Sharp
    George Sharp 2 ай бұрын +910


    • Its Anarchy
      Its Anarchy 2 ай бұрын

      Buy physical commodity metals if you don’t trust the fed. If you do trust them. Average down into quality stocks. It’s about what you believe and what you want to risk

    • G G
      G G 2 ай бұрын

      If you'd like, I can be of service ... researching and consultation ... it also helps me learn. I know it's a strange random ask. All I can say is despite the current economical situation, I'm that confident. Also because of my low risk approach. Idk, please reach out if you'd like to talk.

    • ugamjd
      ugamjd 2 ай бұрын

      Buy house land or real estate

    • TVMDC
      TVMDC 2 ай бұрын

      Buy real estate..

    • M Paiser
      M Paiser 2 ай бұрын +1

      well,, join the crowd ! Munger says, "EVERYTHING WILL COLLAPSE". So, the apparent answer is: LOOK FOR TANGABLE ASSETS- STUFF THAT WILL BE STUFF, when the dust settles. Hard assets. Houses will still be property, metals will still be metals, farm land for agriculture, etc. We also have uninvestments(cash), depreciating because of inflation & that's kinda sad nevertheless his use of the word "EVERYTHING" perhaps includes the banks like in 1933? Good luck! I completely agree with his assessment as the trajectory of our economy isn't a very pretty picture in the long term.

  • Renee Heitmann
    Renee Heitmann 2 ай бұрын +3

    I've come to realize as an investor that instead of letting my money sit idle in my savings account it is more productive to invest the little available and build a portfolio from the accumulated profit of investment

    • Brandon George
      Brandon George 2 ай бұрын

      Investing in crypto is a plan for the future so it's high time people understand the importance of investment

  • boris kratofil
    boris kratofil 5 күн бұрын +1

    Excellent way to take the steps that must be followed and thus understand this topic quickly, very complete and effective information, with very good results, so you can learn a little more, grateful for this good contribution

  • Kelly Ritchie
    Kelly Ritchie 2 ай бұрын +1

    He is speaking the truth!!! And I'm scared AF because I know this is facts

  • Chase G
    Chase G 2 ай бұрын +1

    Probably the greatest advice i got... Brilliant and practical!

  • Glory Bound
    Glory Bound 3 ай бұрын +403

    An amazingly sharp minded man at 98 years old. God bless him for sharing his knowledge with us less experienced and knowledgeable.

    • I’m Brandon but not that Brandon
      I’m Brandon but not that Brandon 25 күн бұрын

      @Hendrickson Runner misery loves company

    • Ȟᴇċĸȧĸŷʜ Âɡᴇĸʙȧᴛᴇʜ
      Ȟᴇċĸȧĸŷʜ Âɡᴇĸʙȧᴛᴇʜ 2 ай бұрын +3

      Drugs and organ replacements from the poor.

    • Tony N
      Tony N 2 ай бұрын

      So your financial level is sub zero?

    • Rumble
      Rumble 2 ай бұрын

      You guys are so slow. This was obviously going to happen because the Democrats are corrupt. Same thing with Obama.

    • B B
      B B 2 ай бұрын +4

      I'm not so sure. I've of the mind that all these dinosaurs should have stepped aside decades ago but their egos would not allow it. They are psychopaths, don't ever forget that. And psychopaths are manipulative.

  • Max-D
    Max-D 2 ай бұрын +1

    In my opinion, the 'go to' remedy to weather an economy swing is short-term trading, as opposed to long-term investing, most folks are still netting a ton of gains! Sure the risks are higher but yet again, isn't the current market equally as risky?

  • Shadow Banned
    Shadow Banned 2 ай бұрын +2

    I bought my first house in New Zealand around 1992 and at that time I was paying about 16% interest on my mortgage and was required to pony up somewhere around the 25% mark of the value of the property to get a loan...My first house was valued at the equivalent of 3 years of my annual wage...Now you dont need a deposit interest rates are around 5% and the same house would cost me 9 times my annual wage even though my annual wage has more than tripled...Whats coming isnt going to be pretty there are an awful lot of people in New Zealand who are very exposed if interest rates go up too much.

    • Tbams Notes
      Tbams Notes 2 ай бұрын

      The problem herein lies in the fact that you bought your FIRST house. Everybody today seem to want more than one of everything.

    • WHATSAPP±‪ ⓵⓹⓪⓶⓶⓪⓽⓽⓹⓵⓽
      WHATSAPP±‪ ⓵⓹⓪⓶⓶⓪⓽⓽⓹⓵⓽ 2 ай бұрын

      Thank you for the feedback
      send me a direct msg i have something to share with you🔝✍️❤️.....

  • Adrian H. Brant
    Adrian H. Brant 2 ай бұрын +247

    Predicting< a reversal of a trend is risky, and even worse than we thought, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of MarieFreeman which has made me almost 9.5 on a 2 btc Trade capital over the last 10 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.

    • Richard Rubin
      Richard Rubin 2 ай бұрын

      Cryptocurrency is a joke. Backed only by the mob mentality/popularity is a risky long term bet.

    • Der_Höker
      Der_Höker 2 ай бұрын

      Candid experts with good solution to crypto failure like Marie Freeman should be celebrated, I appreciate her good work for sure

    • Giuseppe
      Giuseppe 2 ай бұрын

      I appreciate your generosity in sharing your knowledge!! YOU make it easier for me to understand the subject, now I’m more optimistic than ever about stock trading, thanks a lot!!!

    • DBSK
      DBSK 2 ай бұрын

      Thank you, for keeping it light real at the same time. Much needed for us hodlers in times like these!

    • Dyllonius
      Dyllonius 2 ай бұрын

      Great skills and knowledge about the market. I enjoy full profits and easy withdrawal with no complains, trade with the best..

  • Thumper Platz
    Thumper Platz 2 ай бұрын +2

    There are 365 days in a year and millions of people trying to predict when the market will crash or double in value. So, a bunch of people are going to predict whatever's going to happen through sheer numbers, not necessarily expertise. Funny though because whoever gets it right is a genius, apparently.

  • Jennifer Liggett
    Jennifer Liggett 3 ай бұрын +233

    Mr. Munger accrued a lifetime of financial/investment experience and lived through one of the greatest periods of change in history. His experience and his mind are a national treasure.

    • Keny
      Keny Ай бұрын


    • R Shah
      R Shah 2 ай бұрын

      Future will not be the same as the past and we have nothing to be so scared of
      We are also better prepared and knowledgable than before

    • Matt P
      Matt P 2 ай бұрын +2

      He is Gates' lawyer, mentor. Wouldn't dirty the bleach with him. Wouldn't do any good.

    • Bb Bb
      Bb Bb 2 ай бұрын +2

      So incredibly sharp at 98 years of age

    • Ibro school
      Ibro school 2 ай бұрын +1

      I'm so sad his time is limited

  • rosenpcj
    rosenpcj 2 ай бұрын +1

    Solid advice from a person with experience and wisdom

  • Tiana Gibson
    Tiana Gibson 8 күн бұрын +17

    Здравствуйте, как лучше всего начать торговлю, потому что я уже некоторое время занимаюсь личным исследованием и до сих пор не знаю, с чего начать.

    • Tiana Gibson
      Tiana Gibson 8 күн бұрын

      Спасибо, я только что отправил ей сообщение, и она хорошо отвечает.

    • Fred Emery
      Fred Emery 8 күн бұрын

      Вау, это здорово, удивительно видеть других, которые торгуют с миссис Дорис Мемфис, в настоящее время я торгую с ней 5-й раз, и мой портфель значительно вырос, и все благодаря ей.

    • Santos Fernandes
      Santos Fernandes 8 күн бұрын

      инвестирование в криптовалюту было самым прибыльным вложением, которое я когда-либо делал. У новичков есть возможность извлечь выгоду, очень жаль, что люди не могут этого увидеть, криптовалюта сейчас намного лучше, чем любая цифровая торговля.

    • Irene Kingsley
      Irene Kingsley 8 күн бұрын


    • Irene Kingsley
      Irene Kingsley 8 күн бұрын

  • Francisco D’Anconia
    Francisco D’Anconia 2 ай бұрын +3

    The US government can't let the rates go to 15% on government bonds. When Volcker raised rates, debt was 35% of GDP. Now we're at 135%

  • Dr Evil
    Dr Evil 2 ай бұрын

    This guy is very, very clever and everything he says is 100% true.
    I bought my first house, without any help at the age of 20.
    My daughter is 20 and she gad been working since she was16 and she is currently studying.
    There is no way she can afford to buy a house.
    I can buy her a house but what lesson will she learn??

  • J
    J 3 ай бұрын +833

    “The world is not driven by greed, it’s driven by envy”. Priceless quote

    • Priki Priki
      Priki Priki 4 күн бұрын

      So its ppl to blame not the rich? Yeah right

    • Neil Evans
      Neil Evans Ай бұрын

      It's amazing how some of the replies to this comment demonstrate exactly Munger's point! Lots of envy on display.

    • Himansu Pandya
      Himansu Pandya 2 ай бұрын

      There is enough to meet everybody's need and there will never enough to meet anyone's greed.

    • John Doe
      John Doe 2 ай бұрын

      Literally what drives the left wing politicians and voters, atleast in my country.

    • brainwashed
      brainwashed 2 ай бұрын

      And GREED

  • jtm0071
    jtm0071 22 сағат бұрын

    HNRC is trading at 39 cents but has a 1.75 dividend. Hard to believe but true. More info on Stocktwits

  • Bill Talley Real Estate
    Bill Talley Real Estate Ай бұрын +2

    Never take advice from someone that has no financial stake in your decision. Listen to it all and decide for yourself. If C. Munger is wrong, he should be held accountable and not be allowed to just walk away.

  • Pistol Pete
    Pistol Pete 2 ай бұрын +1

    All great advice, thank you.
    it’s a shame this generation won’t listen and keep being envious until there’s nothing left.. then it’s on to the next to clean it up.

  • trudy goosney
    trudy goosney Ай бұрын +1

    I would really like to have a honest conservation with this guy I have no money but I feel his intellect is something we can all learn from

  • Geronimo
    Geronimo Ай бұрын +1

    This man is 98 and has survived every economic crises and should be more optimistic but he's smart, he knows fear sells.

    • Love Heals
      Love Heals Ай бұрын

      He does have a point though when he draws the comparisons between the roman empire and the weimar Republic. Both went down due to inflation and wars. So maybe someone out there in the far west can learn from their own history.

  • J
    J 2 ай бұрын +1

    Issuing credit cards to every person whereas they live wayyyyyy beyond their means is a terrible thing. If ya can't pay cash for it ya can't afford it. Living a financially non-reality "wanna-be" life isn't the answer. Work for what you have and quit depending on folks to bail you out of your overspend, your education and your lifestyle. I paid for my own education and lifestyle. We don't owe the lazy co-dependent new generation anything!!!!!

  • Peter A. Frazier - Building Design

    I wish I found Warren and Munger earlier in my life.

  • Jay Alexander
    Jay Alexander 2 ай бұрын +1

    Envy is at the root of all our modern problems. Been telling people that for years.

  • Better Call Aidan
    Better Call Aidan 2 ай бұрын +2

    This is so true! What a great listen. Having some dry powder on the side will allow you to take advantage of tough times!

  • Robert Mccarthy
    Robert Mccarthy 2 ай бұрын +1

    And I'd say he's correct, it will be on a scale of the great depression. Starvation and all kind of things are coming

  • Koded Art
    Koded Art 2 ай бұрын +1

    I can listen to this man like 24/7

  • Phil Jansen
    Phil Jansen 2 ай бұрын +1

    Made a great prediction and predicted the bottom exactly in 2020, putting in a large investment that has paid major dividends. In the present moment, how does one sell off or pull off onto the proverbial shoulder to wait out a recession (and market drop) without paying capital gains (I’m still working)? I see another big drop coming and am willing to put my investments where my mouth is but don’t pretend to be as savvy in avoiding unnecessary taxes.

  • Joseph Houden
    Joseph Houden Ай бұрын

    Very informative and insightful. Thank you.

  • Mirror16
    Mirror16 2 ай бұрын +2

    "What makes life interesting, is that we don't know how it's going to work out", he said in his speech about how things will be.

  • sabiha shaikh
    sabiha shaikh 3 ай бұрын +1024

    For a 98 years person he's unbelievably lucid and impressive.

    • Patrick Ujulu Pamankere
      Patrick Ujulu Pamankere 2 ай бұрын

      There’s no such thing as a prediction, he’s one of the playboys

    • R L
      R L 2 ай бұрын

      Exactly what I was thinking!!

    • Monocle
      Monocle 2 ай бұрын

      I didn’t know he was 98…….. Have always admired him, especially because I am a developer and historian.

    • Anthony Faucy
      Anthony Faucy 2 ай бұрын +1

      @C G Working hard is overrated. If i could get everything i wanted not working i wouldn't work

    • J W
      J W 2 ай бұрын +1

      Amazing what being filthy rich can do

  • Theophilus Jedediah
    Theophilus Jedediah 2 ай бұрын +1

    There is one thing that we can hold as a certainty and that is that our modern politicians have no sense of history and that our nation holds to one single competency….we are really good at making things worse.

  • Tr 235
    Tr 235 2 ай бұрын +1

    One of the smartest men on earth. Shocked no One is realizing the damage from index funds. That voting power will ruin the world

  • Sibernethy
    Sibernethy 2 ай бұрын +19

    "Suffering builds endurance. Extreme suffering builds indifference." -- That was a quote I made up this year.
    The world was supposed to end ten years ago. And here we are.
    I feel nothing looking at the reports of imminent global disaster. I've stared it in the face for years. It feels like a trifle at this point compared to the personal misery many of us have already had to experience through life, especially since the pandemic started. And half of us at this point practically are wanting the world to burn anyway.
    Simply put, we don't care anymore.

    • Kimmberrlee Ohthatsme
      Kimmberrlee Ohthatsme 2 ай бұрын

      @J W....it was obvious. He had mentioned his qoute before.!

    • J W
      J W 2 ай бұрын +1

      You don't quote yourself. By definition it has to be something someone else has said. You've just repeated something you've previously said.

    • Dave Nelson
      Dave Nelson 2 ай бұрын


    • B B
      B B 2 ай бұрын +4

      "most people will lose everything"
      Most people have very little anyway and cannot even put away a few hundred dollars for a personal emergency.

  • RatnikaRastogi
    RatnikaRastogi 2 ай бұрын

    Charlie Munger, you are just incredibly wise. The way you pointed out that the world is not driven by greed, it is driven by Envy. I guess this statement is going to stay with me for a long long time.
    Even though we are 600% better off than previous generations, we are still more unhappy due to the pretentious expenditure of the Rich. The quote "Why would you want Rolex watch when you can get mugged for it" was humorous but still holds true... Thank you for your words

  • soyounoat
    soyounoat 2 ай бұрын +139

    This man has an understanding of economic-social-political forces that is remarkable. Wish I had heard this when I was young.

    • Acton
      Acton 2 ай бұрын

      correct! that is how you rip people of in the making of your own empire. Only a fool would feel sympathy for any human. Because when they get such types of wealth in their Favor, unless you contribute you are better off dead.

    • tom waldron
      tom waldron 2 ай бұрын +2

      It's not too late to read the Buffett/Munger books, which often intertwine life lessons and personal finance throughout. Such as Buffett lives in same $300k house he always has, drives a Cadillac or Buick, eats at Mcd's. These guys walk the walk. Buffet donating 95% of his enormous wealth to charity.

    • text me on telegram
      text me on telegram 2 ай бұрын

      Would you like to learn how to trade and make profit yourself ????.... I can teach you if you are interested 🙂

    • Pierre Clifton
      Pierre Clifton 2 ай бұрын

      There are other men like him. They're probably the hands that drive political parties and decisions.

  • B H
    B H 2 ай бұрын

    Epic investor without a doubt. The Era of technology is being swept in as I write this. A new paradigm of wealth has begun. There is no more good money to be had in stocks as the world transitions in to the new digital monetary system. Blockchain is where it's at. Hedge your money while you still have it.

  • Life Lover
    Life Lover Ай бұрын +1

    Charlie said "you're flirting with danger somewhere unless there's some discipline in the process" ..... Come on people, a 100% gold backed currency provides that needed discipline naturally. Peace.

  • Joe Cifelli
    Joe Cifelli 2 ай бұрын +2

    Wow I just stumbled on this post and glad I did. Thank Charlie Munger and God bless 🙏

  • D Kramer
    D Kramer 2 ай бұрын

    In Mungers 98 years, he's still sharp like a tack. Brilliant ideas for well accomplished man! Happy for you!
    You inspire many ✨️ 👏

    MY NEST IN THE FOREST 3 ай бұрын +52

    Fantastic interview and thank you Kim for doing that. I wish there were more ultra wealthy people with Charlie's wisdom. True gentleman.

  • Dorian Philotheates
    Dorian Philotheates Ай бұрын

    8:17 - “Charlie, tell me what your problem is and I’ll try to make it more difficult for you.” - 😂 I miss 1930’s humour...

  • Teri Liebmann
    Teri Liebmann 2 ай бұрын +2

    If only our Politicians were as Smart 🤓
    He is Amazing Buffett too!

  • That Guy79
    That Guy79 2 ай бұрын

    Although I don't fully understand exactly what he's saying, this man makes more sense than people in their 30's or 40s.

  • Reg Watson
    Reg Watson 2 ай бұрын +2

    "We may be in terrible trouble but it may be a long way off..." Well that's really useful. You don't need to be 98 to come out with pearls of wisdom like that.

  • Thomas AP
    Thomas AP 2 ай бұрын

    all due respect to the man who seems to represent a sacred figure of economics for some folks here; however his"predictions" could have included the plot for catastrophe those 500 (give or take) super wealthy global elite families are contemplating. But no, not a word on them. Not a word on poverty, on societies crashing under the weight of financial pressures unseen in the last 100 years. Not a word about covid 19-20-21-22 and counting. Of course you cant expect a member of the global elite to open up about the plans of the global elite, right? So if this so loved, apparently, super guru of investments is so narrow-minded, I think I'll pass on his predictions. They don;'t bring anything new to the table.
    But wait.

  • Emma Sanders
    Emma Sanders 2 ай бұрын +1

    Lessons are learned through collapses. When they're forgotten it will happen again and again

  • Atavusta
    Atavusta 2 ай бұрын

    I respect Mr. Munger for his incisive mind.
    On my part, I am acutely aware of current policies and situation of the world.
    However, things like we will not have enough to feed everyone, everything will be worse off, the world will go to dogs, etc., have been uttered a million times before.
    Malthus’ theory on food inadequacy, for instance. But none of those have come true. Why? Human ingenuity!
    It makes humans adapt to changing environments, while the dinosaurs perished.
    Do not underestimate human ingenuity, therefore.
    Not being able to build substantial wealth in the future may or may not be a constraint as people may share instead of owning, and there could be many other developments hitherto unknown.
    See how far emerging economies have come (the term to describe them fifty years ago was “underdeveloped countries”).
    Who would have thought of China becoming a giant economy as she is today, fifty years ago?
    I would submit that we should remain open to the possibility of things being very different in the future, but that does not necessarily mean those will be bad.
    It is because no one has seen the future yet. History may repeat or rhyme, but it may not repeat or rhyme either.

  • Jon Doe
    Jon Doe 2 ай бұрын

    Everybody should understand by now that our global economic system NEEDS to be changed - no, not to communism, libertarism or any other system that has been tried and failed, but something completely new.
    (Let everyone have a Rolex - but let them not pay a small fortune for it, causing envy, as Charlie Munger mentions in this video).
    A system, in which wealth is no longer important (the wealthy - like Charlie Munger - will/would do what they can do prevent this, I am certain).
    Men like Charlie Munger (who?) seem to realise the huge problems that we are in, but they do not seem to realise (on purpose?) that our current economic system is disastrous in the (very) long term for everyone and everything (humans, animals, nature, the entire planet).

  • john smith
    john smith 3 ай бұрын +129

    Never been much of a Warren Buffet fan, but Charlie Munger I could listen to all day every day, what an asset to our world, with endless wisdom.

    • Jay
      Jay 2 ай бұрын

      Look up the quotes of Charlie Munger - some of the most banal, trite, fortune cookie blathering you will ever come across. As another poster has mentioned, even on this video he hedges his bets to the point of parody.

    • mrjon75
      mrjon75 2 ай бұрын +3

      They're VERY close.

    • purplePheasant
      purplePheasant 2 ай бұрын +1

      The Monopoly man would know he owns the bank.

    • Lou Pasternak
      Lou Pasternak 2 ай бұрын +4

      Im a harsh critic, but CM always impresses me as a top notch thinker

    • Kathleen Penny
      Kathleen Penny 2 ай бұрын +8

      That's what I was thinking! WOW!

  • Enrique Barragan
    Enrique Barragan 2 ай бұрын +1

    Good ole common sense and lots of wisdom! Thank you.