The Swedish Investor Hi mate, do you do all your graphics yourself? Do you use video scribe for your video? Thanks. (I am aspiring to start my own channel shortly. Appreciate some guidance on your tools and tricks. Thanks)
Very nice summary of my favorite book of all time. I return to it again and again. For those who are especially interested, I also recommend reading Warren Buffet's Berkshire Hathaway Annual Letters, and watching/listening to the annual meetings on youtube (which I'm doing now.) Warren and Charlie are some of the best teachers ever.
I will definitely read the Almanack. Found it on the Web. It is a legendary book I've heard of many times before, but not translated into my native Bulgarian yet.
Awesome. I read the books you review and still watch the videos in case I didnt retain something or forgot something and also to get a visual in my head!
For the average investor (by definition most people) then the best course of action to 'Not being stupid' is to not try to beat the market. Invest in the Vanguard S&P 500 ETF or All world ETF. If 80 percent of so called experts fail to beat the market, why should the rest of us even try? Psychologically it's far easier to make regular contributions to an ETF than to try to pick individual stocks. As an index ETF investor I WELCOME falls in the market the same as I'd welcome lower food prices..
I think there's much truth to that statement. Most people should invest regularly in a cheap index fund or follow a system like The Magic Formula. However, my hope is that most people watching this channel can be educated to a level where they don't have to be like most people :)
A funny thing happened the other day: A strange old codger with a cane showed up and laid THIS book on me..... said he was my distant relative, I didn’t see the resemblance
Also most games and video games rely on who has the most patience forcing the opponent to make a mistake , 99% of the time you don't have to do anything to win at high level just be more patient than the opponent.
Great resume! From my point of view this one is the "Bibble" of the value investor, instead of "The Intelligent Investor", and would even deserve an extra "5 Takeaways" of some of its chapters. Please do It If possible, specially on Talk Eleven called "The Psichology of Human Misjudgement".
Daniel Araújo Lima thanks a ton for your support! I do agree that this is a great book. I agree with you, this is a great one. The series about Charlie Munger's mental models that I'm producing right now is partly based on the talks in this book. Together with input from other books such as "Damn Right", "Seeking Wisdom" and of course everything that Munger has ever said during BH annual meetings (there's a ton of info there too).
This book is full of wisdom. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the investment principles key to their success.
Charles Munger is more of a businessman than Warren Buffett, Buffet is the friendly face in Berkshire Hathaway. Munger loves to get down to business and point the elephant in the room. In business, we need a social person and one to get down to details. Love the book review, keep sharing Swedish Investor.
a great channel with wealth of information made it very simple with animation. Thanks for great work and contribution. I wish your best and i am positive you will make it big in life for your contribution
Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx
When you put a quote from Isaac Newton in your video but it just so happens that he got caught up in the euphoria of the south sea bubble and lost a few thousand pounds.
Darragh Collins yea but that has nothing to do with the quote. The quote is him talking about himself as a physicist, not an investor. He stood on the shoulders of giant physicists, not non existent value investors.
I avoid biopharms. Any company whose profit opportunity is based in human health and contingent on the approval of a governmental entity like the FDA is strictly hands-off.
Thank you for your reply Adam 👍 For smaller ones, I avoid them too (often they are excluded due to my profit rule though). There’s no informational advantage for me to get there. For that, you’d probably have to be a doctor, pharmacist or chemical engineer 😊
You are listening to Charlie Munger’s book. Charlie Munger and Warren Buffett are often quoted saying: “never bet against the US market” and you are suggesting here to a avoid it altogether? What a wise person you must be!
@@Pompomatic hard to truly understand any general data, economy or country when your look at a macro view. But compare US historic numbers to any other country and you will understand why it is easier and safer to make money being in the US market like the S&P 500 than in China or Europe etc
Hey Erik what should I do i am completely on unprepared for life. I didn’t learn anything in school and I feel like everything I learned in school has fallen out of my head or maybe I didn’t really learn anything school that stuck and now I’m a 30 year old man with not that much knowledge I’ll say my education level is at fifth grade at best I literally forgot how to spell fifth. I know for a fact that I would have a very hard time trying to make it in the real world. I don’t know how to support myself like a functional adult.😔😢 what do you think I should do? I’m helpless on my on. And i am at the mercy of my relatives. I have more say but I’m going to save it.
I have lost a lot to fake account managers and brokers and it was hard to trust again but when I met Expert I recovered all my lost within a week and now me and my family are happy. I owe him a lot and I will love to recommend you to him.
steve Justice First of all he owns 5 holdings and 2 of them are Berkshire Hathaway, Himalaya Corp. which are extremely diversified. He is pretty intelligent.
@@joshreddy4278 and cost co....3 holdings....he Warren and Mark Cuban believe diversication are for people who don't know what they doing... you didn't refute my point
@@TheSwedishInvestor I mean you said you don't look for companies outside of Sweden. But market is global, isn't it better to analyze industries, rather than countries?
@@XOPOIIIO It all comes down to what type of investing strategy you use. Relatively speaking, I have a greater advantage when it comes to the Swedish stocks as I can more easily absorb all the information about them. I know what resources to use etc. Many of them are acting in a global market though, just as you say, and when picking among such companies, international competitors must be studied too. So far, I haven't yet owned a company that wasn't founded in Sweden. While this may change in the future, I would never go into a market such as Asia or Southern America for example. Due to language barriers and a different culture, I'd be at an informational disadvantage.
@@TheSwedishInvestor interesting. How do you feel about sharing some past performance results of your investing history of sticking with Sweden? Additionally, percentages of portfolio breakdown in these swedish companies etc
T Siebring he did yes. If you have interest rates at 10% per year as an extreme example, the effects of that reinvested over and over is an exponential growth, an area of mathematics Einstein was very well equipped in.
Top 5 Takeaways from The University of Berkshire Hathaway: bit.ly/350jAmb
Excellent video🤘
Please summary on Trading in the zone
Hi Mr. Swedish Investor,
Can you please do a video on the book "Intelligent Fanatics"
Thanks.
Kudos to you man, you summarized one the the most Important books ever written on investing.
Thank you akshay kumar! 😁 happy to hear that you enjoyed it!
@@TheSwedishInvestor
You deserve it, sometimes I tend to forget the lessons learn but you summarise them beautifully.
The Swedish Investor Hi mate, do you do all your graphics yourself? Do you use video scribe for your video? Thanks. (I am aspiring to start my own channel shortly. Appreciate some guidance on your tools and tricks. Thanks)
Ditto!
@@maddysydney so you want him to tell you to create his own competition?
The most clear & the best short summary of Poor Charlie’s Almanack I have ever seen. Thanks for the excellent creation.
I appreciate it a ton Mike! 😁🙌 Cheers!
Very nice summary of my favorite book of all time. I return to it again and again. For those who are especially interested, I also recommend reading Warren Buffet's Berkshire Hathaway Annual Letters, and watching/listening to the annual meetings on youtube (which I'm doing now.) Warren and Charlie are some of the best teachers ever.
Cheers AGF! 😁 I would recommend reading The Essays of Warren Buffett too, highlights of the letters are structured in a great way in it 👍
I read this book and feel he is the true mentor to all kinds of people, including those not investing stocks
Almost turning 18 this year, best video I have seen on UA-cam. Keep up the good work mate! Thanks again
Don’t have dinner or meeting outside of work with an attractive coworker alone! Good one!
One of the most underrated channel
I recommend the book “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns” by John Bogle.
I like that one too, for passive investors. I’ve read it before so it may appear here in the near future.
Great book!!!
I would second that! To me is one of the best books to read on investing
Be consistently not stupid.
So understated.
I love how clearly your presentation style is in all your videos. It's what makes them captivating!🕸️
I will definitely read the Almanack. Found it on the Web. It is a legendary book I've heard of many times before, but not translated into my native Bulgarian yet.
You got a link? Its over 60 bucks on amazon for a hard copy, a bit steep for a poor undergrad
Awesome. I read the books you review and still watch the videos in case I didnt retain something or forgot something and also to get a visual in my head!
For me all videos in this channel are worth millions of dollars
For the average investor (by definition most people) then the best course of action to 'Not being stupid' is to not try to beat the market. Invest in the Vanguard S&P 500 ETF or All world ETF. If 80 percent of so called experts fail to beat the market, why should the rest of us even try? Psychologically it's far easier to make regular contributions to an ETF than to try to pick individual stocks. As an index ETF investor I WELCOME falls in the market the same as I'd welcome lower food prices..
I think there's much truth to that statement. Most people should invest regularly in a cheap index fund or follow a system like The Magic Formula. However, my hope is that most people watching this channel can be educated to a level where they don't have to be like most people :)
Nailed it. It's my approach
Hey man, found your channel very recently and I have to say the content on it is pure GOLD. Thank you so much. Keep up the great work!!
Cheers prashant h! Glad you like it, hope I can provide more valuable content for you in the future!
Mr.Munger is truly brilliant. Very wise and a lot of wonderful life lessons that are invaluable to keep with you for life. Thanks for the upload
I appreciate your efforts, particularly on book reviews with crisp info and animations.
Cheers Vyankatesh Joshi! 😁
Right after Warren buffets recommendations .... You sir have done it again 🔥
Cheers Triple T! 😁🙌
And I’ve always thought that Lollapalooza Effect was the sense of regret after going to an overcrowded music festival.
Love your channel, thank you for informative content!
I wish your channel reaches 1 million subscribers soon.. Best of luck
Shubham Deep thank you for your support!
RIP charlie
A funny thing happened the other day: A strange old codger with a cane showed up and laid THIS book on me..... said he was my distant relative, I didn’t see the resemblance
Another great video, thank you.
Glad you liked it fellow Financial Wisdom sharer 😁
@@TheSwedishInvestor You were our inspiration :-)
@@FinancialWisdom I'm honored to hear that! :)
Excellent!!!! Thank you so much for encouragement
I love your videos. I will be buying my books using your links in the future.
raj shaffir I appreciate the support a ton! Cheers to you 🙌
Charlie Munger is under valued guy one day his work will be recognized and rewarded
Why one day? He is recognized and widely respected by many people and rewarded already by being a billionaire and living a life he loves.
Also most games and video games rely on who has the most patience forcing the opponent to make a mistake , 99% of the time you don't have to do anything to win at high level just be more patient than the opponent.
not reslly. You need to be aggressive in most games
2:45 5:10 7:35 9:37 10:29 13:16
I might be an intelligent investor someday because of you ! Thanks for the great contents ⭐
Jean Police I'm very happy to hear this! Thank you for the support, hope that the channel can help you on your investing journey 😁
Have almost finished to read the book.
Must say that your is very good!
Your channel is gold. Thanks mate
Great resume!
From my point of view this one is the "Bibble" of the value investor, instead of "The Intelligent Investor", and would even deserve an extra "5 Takeaways" of some of its chapters. Please do It If possible, specially on Talk Eleven called "The Psichology of Human Misjudgement".
Daniel Araújo Lima thanks a ton for your support! I do agree that this is a great book. I agree with you, this is a great one. The series about Charlie Munger's mental models that I'm producing right now is partly based on the talks in this book. Together with input from other books such as "Damn Right", "Seeking Wisdom" and of course everything that Munger has ever said during BH annual meetings (there's a ton of info there too).
@@TheSwedishInvestor , excellent! And thanks a Lot for your whole terrific work.
This book is full of wisdom. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the investment principles key to their success.
Useless book. Read the berkshire letters to shareholders and watch annual meetings
Unless it comes from
The Tongue or Hand of buffet, don’t trust it
This video provided me lot of wisdom thank you.
I'm happy to hear that Aman Keshari! 🙌
@@TheSwedishInvestor Are you enterpenuer or pure investor???
Please Give some advice who want to do both🙏🙏
Wisdom for sure 🎁
Another great video thank you. it's always good to help others and give them our knowledge...
Cheers man! 🌟
Can you do book review " Big Debt Crises By Ray Dalio" ? ☺️☺️
Stay tuned .. 😁
So Charlie's #3 could currently be interpreted as "Don't go on a tour of an active volcano in the Bay of Plenty."
Charles Munger is more of a businessman than Warren Buffett, Buffet is the friendly face in Berkshire Hathaway. Munger loves to get down to business and point the elephant in the room. In business, we need a social person and one to get down to details. Love the book review, keep sharing Swedish Investor.
Wank
I don't think you're doing a fair picture of Buffet 🙂
a great channel with wealth of information made it very simple with animation. Thanks for great work and contribution. I wish your best and i am positive you will make it big in life for your contribution
Muthiah Lakshmanan I appreciate your support a ton, cheers! 🙌
Nice summary. I thought that quote about being fearful when others are greedy was from Warren though?
thanks a lot for briefly summarizing what not to do for a Novice like me. Sure I need to learn more by reading.
Those who know Charlie Munger and Warren Buffet’s story, would never call Charlie “Buffet right-hand man”. Thank you for your summary, anyway.
Excellent. First impressions - I wonder if fundamental investing might be beyond me, there is no much to learn and know etc.
Baseball player Ty Cobb bought Coca-Cola before buffet and was a millionaire from it when Warren was born. Warren started buying in 1988
Great summary!
Really good take aways from the book, many thanks from Cyprus
Nice ready guys, I realized that the secret of making millions is saving for a better investment.. I always tell myself you don’t need that vacation in Paris just yet and that mindset helps me make more money investing. Fore example last year I invested $45,000 in his platform (with the help of mr Jason McQueen) and made $495,000, but guess what? I put it back and traded with him again and now I’m rounding up to million. Hoping to get to 2 in months time.. You can reach him on Instagram @Jason_real.fx
The Preston' s series you told me is amazing. Thanks for the it and another great video as always.
I'm glad you liked it Sarthakk! (Both Preseton's series and this) Cheers, and thanks for the support! 😁
@@TheSwedishInvestor
What Oreston series, curious to know.
Thanks for sharing !
Thank You for this video.
I avoid unprofitable companies, high PE companies, pharma, unstable earnings companies
Why high PE companies?
Harvard would never hire this man. He is far too comepetent
RIP
Thank you.
great video
excellent, kudos to you
Great 👍 Content.
Am a regular viewer of your channel on UA-cam.
Keep the good work going ,I have learnt alot
Thank you brother
Excellent.
Really great video
Great content! Thanks.
Awesome work
🙌😍
Excellent video .....superb...I took notes from your video ..Its a teaching content....
Your skill improved so much
Thank you ...🙂
Jemin Bharath! 🙌
I think that the key is reading a lot, and trying to understand what you read.
The corollary would be to limit your time on the internet, or watching television.
thx a lot for your video sir
Cheers Mr Saham! 🌟
@@TheSwedishInvestor cheeers 😊
Awesome video
Glad you liked it Verna Fits 😁
Just asked myself that question, I guess it would be telecommunication, real estate and Industrials.
This is great.
Thank you for sharing.
Love from China
Thank You
Why do you avoid Insurance companies?
Thank you man
I love the Swedish Investor
😍
Awesome
Your material is way better than Blinkist!
When you put a quote from Isaac Newton in your video but it just so happens that he got caught up in the euphoria of the south sea bubble and lost a few thousand pounds.
Darragh Collins yea but that has nothing to do with the quote. The quote is him talking about himself as a physicist, not an investor. He stood on the shoulders of giant physicists, not non existent value investors.
I avoid biopharms. Any company whose profit opportunity is based in human health and contingent on the approval of a governmental entity like the FDA is strictly hands-off.
Thank you for your reply Adam 👍 For smaller ones, I avoid them too (often they are excluded due to my profit rule though). There’s no informational advantage for me to get there. For that, you’d probably have to be a doctor, pharmacist or chemical engineer 😊
A lot of people think they are value investors that invest in companies that can't go wrong, but Charlie makes us look like the biggest noobs
Great Video, ❤️ from India
Is the final presentation readily available?
Great video 👌
Please summary on Trading in the zone
I will be doing this book by the end of the year.
@@FinancialWisdom thanks
Thanks Swedish Investor :)
Start with the don'ts, the things you have to do to make sure you won't achieve your goals
RIP the legend
Love the videos, ever plan on doing real estate books again?
Thank your for your support!
Maybe I will, but I don't have such a video in the pipeline at this moment 😊
Whats that background music??
2:20 I avoid the US market just like I avoid car-pictures on Tinder.
You are listening to Charlie Munger’s book. Charlie Munger and Warren Buffett are often quoted saying: “never bet against the US market” and you are suggesting here to a avoid it altogether?
What a wise person you must be!
@@patmarco2251 They also say to not invest in something you don't understand. I don't understand the US.
Soo ;)
@@Pompomatic hard to truly understand any general data, economy or country when your look at a macro view. But compare US historic numbers to any other country and you will understand why it is easier and safer to make money being in the US market like the S&P 500 than in China or Europe etc
@@patmarco2251 I can agree with that somewhat (at least as far as my knowledge goes). My reasons are mostly political and perhaps not economical.
If you can plz suggest me your top 5 pick books on investing
I’m all in on a microcap company. MCB
Hey can you post the animations you have drawn as a pdf?
Hey Erik what should I do i am completely on unprepared for life. I didn’t learn anything in school and I feel like everything I learned in school has fallen out of my head or maybe I didn’t really learn anything school that stuck and now I’m a 30 year old man with not that much knowledge I’ll say my education level is at fifth grade at best I literally forgot how to spell fifth. I know for a fact that I would have a very hard time trying to make it in the real world. I don’t know how to support myself like a functional adult.😔😢 what do you think I should do? I’m helpless on my on. And i am at the mercy of my relatives. I have more say but I’m going to save it.
what are you using to make these whiteboard videos? these videos are so informative!
I have lost a lot to fake account managers and brokers and it was hard to trust again but when I met Expert I recovered all my lost within a week and now me and my family are happy. I owe him a lot and I will love to recommend you to him.
Sir Adams has helped changed my financial situation for good
+ 1 4 2 4 2 1 6 6 5 4 5
6:52 Charlie Munger believes diversification is for those who don't know what they are doing... he only has 3 holdings
steve Justice First of all he owns 5 holdings and 2 of them are Berkshire Hathaway, Himalaya Corp. which are extremely diversified.
He is pretty intelligent.
@@joshreddy4278 and cost co....3 holdings....he Warren and Mark Cuban believe diversication are for people who don't know what they doing... you didn't refute my point
himalaya Corp had only 3 stock positions last time i checked
How do i calculate the margin of safety? Thanks.
How can you stand outside of Sweden in current global economy? You need to check competitors at least, and they are mainly outside.
What do you mean ХОРОШО? 😊
@@TheSwedishInvestor I mean you said you don't look for companies outside of Sweden. But market is global, isn't it better to analyze industries, rather than countries?
@@XOPOIIIO It all comes down to what type of investing strategy you use. Relatively speaking, I have a greater advantage when it comes to the Swedish stocks as I can more easily absorb all the information about them. I know what resources to use etc. Many of them are acting in a global market though, just as you say, and when picking among such companies, international competitors must be studied too. So far, I haven't yet owned a company that wasn't founded in Sweden. While this may change in the future, I would never go into a market such as Asia or Southern America for example. Due to language barriers and a different culture, I'd be at an informational disadvantage.
@@TheSwedishInvestor interesting. How do you feel about sharing some past performance results of your investing history of sticking with Sweden? Additionally, percentages of portfolio breakdown in these swedish companies etc
@@TheSwedishInvestor I'm in the UK and the UK hasn't performed well last 15 years
Make video on DCF and also how to do DCF like value guys (i mean without beta)
Like your video! One thing: do you think Einstein talked about interest rates as a theoretical physicist?
T Siebring he did yes. If you have interest rates at 10% per year as an extreme example, the effects of that reinvested over and over is an exponential growth, an area of mathematics Einstein was very well equipped in.