Hey guys, what are your key takeaways from this episode? Quick side note: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
My take aways 1. Plan to have a long time frame 2. Research on investing comes at a cost , for buffet it’s family and social life 3. Leverage can lead to downfall . Don’t aim to get rich quickly . 4. 99 percent of your returns will be determined by what you do during 1 percent of the time. 5. Risk is what is left after what you think you took care of everything.
@@scarfo441 Which is the vast majority of actions and outcomes. One’s circle of influence is quite small compared to the vast sea of possibility in life
This guy is genius and I wish I have read his book 15 years ago. No one taught me anything in his book before. His ideas and thoughts seem too basic and common, but hey, common sense is not common. I would recommend his book for anyone facing hard times managing his or her money.
Behavior starts at home & should be taught by the parents. My Mother had us on a schedule that taught us responsibility, time management & cleaning techniques. Diffidently had everything to do with my success! Laying a strong foundation .
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The relationship between behaviour and intelligence is just an incredible insight. As someone who has grown up in finance I find this to be such an under appreciated - and more importantly underestimated point. This entire video is such a great educational piece…. I think people have no idea.
I always looking for the simple thing or intense under the hood. One day I thought about him all day. A few days later, it struck me hard that he just want to keep the value of money he had. There is no secret formula he is holding back. He has been just finding companies which can survive for at least a century. That is it and interest in addition. Having said that, this video is the most precious one that every investers have to watch.
This was such a great discussion. And I'm a HUGE fan of long term index investing where I too buy the entire market. My goal is to never sell unless maybe, maybe if it's life changing. I want to make more money not to be able to spend more or have more "fun" but to invest more. And it doesn't matter if the market is up or down. And since there's no such thing as saving/investing too much money, I just keep stuffing that thing.
Morgan provides the absolute best investment advice bar none, on the internet or anywhere .... and I've watched literally hundreds of channels and investing decades longer than him!
People want to be successful like Buffett but very very few are willing to be that dedicated and that patient. And as Housel has stated, if your expectations are over the top, your results and satisfaction will be under the table (my words).....
Some will get their wish of making $ and seeing it grow. This guy gets it. No one wants to be Buffett. It came out a great cost. It seems as if young or inexperienced or one-dimensional or poorer people flock to these videos. It’s too bad that at 60 you realize that you misspent too much your love and focus. But to learn some things, to become financially literate or develop some wealth… great.
I started investing March 2020! :) I think the best moment was really "seconds" before the pandemic hits, the global markets were suffering from the oil prices being in a all time low in a fabricated manner!
Love this interview. Morgan approaches investing from the standpoint that really matters, our behavior. He also explains it in such a way all of us can actually relate to. My take away is to ask myself “why am I buying x,y,z investment?” wherever I do buy an investment. Am I succumbing to the wrong cues or internal biases? What are my goals and does this actually make sense. I think our natural behavior as human is to take our cues from other humans because that’s how we have survived as a species. However, if we do that in investing, we are playing a dangerous game because everyone’s goals are different and everyone’s psychology is different.
Everything Morgan does is great! He helps you learn how to invest and thrive. A Teenager’s Guide on how to Invest Like Warren Buffett teaches the key investment principles to new investors.
Mr. Housel is obviously envious of Warren Buffett He says “ he doesn’t want that life”? Mr. Buffett is one of the most respected men in the world and has had a fantastic life. A life Mr. Housel only dreams about. I’ve never heard anyone criticize Mr. Buffett. He’s smarter, his books sell more than yours and he’s a classy man. Don’t knock one of, if not best investors the world has seen. Good luck sir.
I wanna add, I practice and back test and run my strategy over and over, go over my data, but I enjoy doing this. I do not move my capital lightly, I take all emotion out of my strategy or I would be all over the place, if I worked with my emotions I would be homeless, I do not have it in me to see loses or not pull profit, I’m not capable of it 😂, so I let my risk management handle that. I also keep my long term security away from my passion and love for trading, I do the buffet strategy for my security, I make sure it’s consistent.
That was a great interview! I listened to the full audio book before this. I learned so much from both! About WW2, M1 changes, fascinating!!! Thank you so much 😊
The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds, looking into Nfts .What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Olivia Rene Reyes. it's been great.
Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing
All these bots infesting all videos on UA-cam about investing. Don’t just go for random people name dropped by ransoms on UA-cam for financial advice! Go find legitimate financial advisors at your bank or credit union.
Some amazing insights. The one where investors unfortunately take cues from investors who are playing a different game really hits home. It’s messed me up many times
Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan? Basically, I just made my first $100,000 in a time of high Fed pivots, you should consider investing in mutual funds like Vanguard, Schwabs, or Fidelity. Crypto is also good because the returns are quite high, but to be on the safe side. Choose stock-based mutual funds
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan
@@charleskurt2152 I should retire in a few months, so any tip would be nice, and yes i have also tried to get a cfa but it is hard to find one that truly grasps the entirety of the different sectors, i am very open minded plus if i can't have it all then there is no point, if you get what I mean
@@sylvester9592 sure, it took a while to find the right cfa for me but it has been up from there honestly, my cfa has been great so all my profit margin success is just honestly him
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 $120,000 bond/stock portfolio.
@@Aziz__0 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.
@Margaret my financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.
Stay in the market. Keep buying and buying and buying. If you had and hopefully you did you would be up a lot in 11 months. I have been through 2000 and 2008 didn’t panic kept on investing
While there is plenty to glean from the Buffet story, it's crucial to recognize he came about during the expansion and zenith of empire USA. The situation today is quite different as the empire is well into its sunset phase. Be adaptive.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@hermanramos7092 My consultant is‘’Christine Jane Mclean’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
29:52 you got it backwards; you don't figure out what return you need to reach your goal because you can just look at historical data for that. If you need more by a certain date, you need to invest more today.
Boom! Another great episode, Bedros. I’m always impressed at how you and Ray show respect to everyone. I don’t think I’ve ever had a conversation with Ray where he didn’t call me “sir”. It’s almost uncomfortable. You exemplify what you preach and I appreciate that the most.
Love it how the interview always ends right when theres hints that Bitcoin Shills are wrong. That whole M1 and M2 money supply bit was amazing and well versed. Morgan is truly gifted.
"Luck/timing" plays a major role in the outcome of your investment returns..I bought a 1000 shares of Qualcomm at $50/share when most analysts believed the stock was Destin to a $1000 a shares before Alain Greenspan said " irrational exuberant " that crush the 1990 stock market. Ps. Cmrc stock stock when from $80/ shares to $997/ share within four months.
Wow, this talk is excellent! And it took me until near the end to realize that it is almost one year old (yet all the points in the talk is still relevant.) I would really like to see an updated discussion of the current time (March of 2023) with Morgan Housel again.
I mostly invest in REITs for my pension as they pay good dividends so that in retirement I can spend the dividends instead of reducing my fund by 3% a year idea and run out of money if I live a long life (which I plan to do!)
What a great talk. Especially the details of M1 and M2. One thought on Buffett's methods of investing might be still relevant. Monish Pabrai or Nick Sleep are most current adoptors of Buffett style of investing.
Two things that really stood out in The Intelligent Investor: 1) winning formulas stop working when everyone starts using them, and 2) every company eventually goes away
"What is my goal?" Most of us enter the market with a clear goal, but the market's products are as intoxicating as supplies in a bar. You start out needing to quench your thirst, and end up betting on wrestling somebody in the bar. Choosing the right drink takes maturity and clarity of purpose.
I met Buffet twice, even had a water with him. One thing he told me is the best asset we have is time. He actually told my young nephew. I think buffet loves what he does, what he does is retiring to Florida, or those memories others have and consider their fun, or entertainment he does what he does 😂. Also Bens philosophy that buffet always says is the best way to invest moats and all that value investing, is great for buffets profits, he wants retail investors all investors to buy into his BERK, and hold, it’s his bottom line so of course he will continue to tell investors to invest and hold with the thought that since he is saying this they will buy and hold his shares, 😂 it’s a great strategy. The little old man who seems so friendly and he uses that I would too 😂
Awesome video! But, will the index fund really outperform the index-like fund of legendary investor Warren Buffett, Berkshire Hathaway. Is the overvalued S&P lower risk than a cash cow like Berkshire? I’m not so sure.
Munger said he never once say Buffet use a DCF analysis. It is possible that Buffet uses the DCF analysis as a rough guide which he can do in his head just by looking at the PE, the net income, and other factors. I am not sure. But I want to know.
Morgan Housel has a way of breaking things down few other authors have been able to. My biggest takeaway from all of his blogs and his book is that an individual’s personality/temperament is a better predictor of their portfolio performance than their intelligence. This can be true in no other domain. Period! Therefore, there is no reason that the average Joe should not be able to outperform the highest paid portfolio managers.
13.40 "being right is the enemy of staying right" Jason.... (I could not hear the surname, sounds like Right). This is just one of many evergreens from this interview. Thank you for such quality content. Marek, Poland.
Time in the market vs compounding rate of return - the skill is in the compounding, not the time in the market. Just look at the S&P vs Berkshire. The skill of compounding at high rates of return is the big "how does Buffett do it" - not how to live until you are in your 90s invested in the S&P.
Hey guys, what are your key takeaways from this episode?
Quick side note: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Time value of money
Cash flows are #1
That if Morgan was Black, he probably wouln't have quite the same amount of nostalga for the 50's and 60's.
😊😊😊😊r😊😅😅😮😮😮😮😮😊😮😮
As
My take aways
1. Plan to have a long time frame
2. Research on investing comes at a cost , for buffet it’s family and social life
3. Leverage can lead to downfall . Don’t aim to get rich quickly .
4. 99 percent of your returns will be determined by what you do during 1 percent of the time.
5. Risk is what is left after what you think you took care of everything.
100 percent of the women in my life is from the 99 percentile
Risk I what's left after AaND thats out of our control
@@scarfo441 Which is the vast majority of actions and outcomes. One’s circle of influence is quite small compared to the vast sea of possibility in life
Thank you
This guy is genius and I wish I have read his book 15 years ago. No one taught me anything in his book before. His ideas and thoughts seem too basic and common, but hey, common sense is not common. I would recommend his book for anyone facing hard times managing his or her money.
This book came out in 2020
Yeah it’s a really good book
@@ShabaazKhan99 he wanted to read it before it was even available to others, get a head start if you will.
He's super smart and made some awesome points...took a whole year but thanks UA-cam for recommending this.👍
I disagree. I would recommend the book to anyone.
I'm also a proud beneficiary! I've built my portfolio massively and still building. I started with a UA-cam referral
thanks...
Behavior starts at home & should be taught by the parents. My Mother had us on a schedule that taught us responsibility, time management & cleaning techniques. Diffidently had everything to do with my success! Laying a strong foundation .
This dude is prime writer, he feels the need he has to explain everything he talks about, 3-4 different ways, I love it 😂😂😂😂
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
Wow I'm just shocked some one mentioned expert Mrs Claudia Walter's name i thought I'm the only one trading with her
Mrs Claudia Walter's service is really good, I invested $22,000 and made a profit of $81,000 after a week. I still wonder how she gets her analysis
Wow!! Impressive you trade with Mrs Claudia Walter's too! I thought people don't know her that well.... She's really awesome!
How does this Bitcoin stuff work, I am interested and willing to invest heavily as I have heard too many testimonies
Who's this professional trader and how can I get In Touch with her? Can I start with 2000$?
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Very informative. What I liked about him is that he's very honest and not just telling us good things just to buy his book.
Thank you for sharing your thoughts!🙌
The relationship between behaviour and intelligence is just an incredible insight. As someone who has grown up in finance I find this to be such an under appreciated - and more importantly underestimated point. This entire video is such a great educational piece…. I think people have no idea.
Yes, being frugal and starting modest home based business blossomed into early retirement with ample income.
Excellent interview. Impatience is the biggest reason people will detour from their investment pathway
One of the best money interviews I've heard for a long time.
Check out the recent interviews with William Green too.
I always looking for the simple thing or intense under the hood. One day I thought about him all day. A few days later, it struck me hard that he just want to keep the value of money he had. There is no secret formula he is holding back. He has been just finding companies which can survive for at least a century. That is it and interest in addition.
Having said that, this video is the most precious one that every investers have to watch.
Buffet is doing what makes him happy
Very interesting 👌 I learned a lot, thanks 🙏
Glad it was helpful!
Bought the book. I read it every two months. Very good book.
This was such a great discussion. And I'm a HUGE fan of long term index investing where I too buy the entire market. My goal is to never sell unless maybe, maybe if it's life changing. I want to make more money not to be able to spend more or have more "fun" but to invest more. And it doesn't matter if the market is up or down. And since there's no such thing as saving/investing too much money, I just keep stuffing that thing.
Morgan provides the absolute best investment advice bar none, on the internet or anywhere .... and I've watched literally hundreds of channels and investing decades longer than him!
People want to be successful like Buffett but very very few are willing to be that dedicated and that patient. And as Housel has stated, if your expectations are over the top, your results and satisfaction will be under the table (my words).....
Some will get their wish of making $ and seeing it grow.
This guy gets it. No one wants to be Buffett. It came out a great cost.
It seems as if young or inexperienced or one-dimensional or poorer people flock to these videos. It’s too bad that at 60 you realize that you misspent too much your love and focus.
But to learn some things, to become financially literate or develop some wealth… great.
I started investing March 2020! :) I think the best moment was really "seconds" before the pandemic hits, the global markets were suffering from the oil prices being in a all time low in a fabricated manner!
Love this interview. Morgan approaches investing from the standpoint that really matters, our behavior. He also explains it in such a way all of us can actually relate to.
My take away is to ask myself “why am I buying x,y,z investment?” wherever I do buy an investment. Am I succumbing to the wrong cues or internal biases? What are my goals and does this actually make sense.
I think our natural behavior as human is to take our cues from other humans because that’s how we have survived as a species. However, if we do that in investing, we are playing a dangerous game because everyone’s goals are different and everyone’s psychology is different.
Great takeaway! Thank you for sharing 🙌
Everything Morgan does is great! He helps you learn how to invest and thrive. A Teenager’s Guide on how to Invest Like Warren Buffett teaches the key investment principles to new investors.
Great podcast. Fascinating info about Warren Buffet.
Mr. Housel is obviously envious of Warren Buffett He says “ he doesn’t want that life”? Mr. Buffett is one of the most respected men in the world and has had a fantastic life. A life Mr. Housel only dreams about. I’ve never heard anyone criticize Mr. Buffett. He’s smarter, his books sell more than yours and he’s a classy man. Don’t knock one of, if not best investors the world has seen. Good luck sir.
I wanna add, I practice and back test and run my strategy over and over, go over my data, but I enjoy doing this. I do not move my capital lightly, I take all emotion out of my strategy or I would be all over the place, if I worked with my emotions I would be homeless, I do not have it in me to see loses or not pull profit, I’m not capable of it 😂, so I let my risk management handle that. I also keep my long term security away from my passion and love for trading, I do the buffet strategy for my security, I make sure it’s consistent.
That was a great interview! I listened to the full audio book before this. I learned so much from both! About WW2, M1 changes, fascinating!!! Thank you so much 😊
Glad you liked it! Thank you so much for your support!🙌
Just wow! So much intelligence and passion here. Brilliant podcast. I am so grateful. I'm ordering that book right now as well.
Wow, thank you!
The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, etfs, coins and bonds, looking into Nfts .What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Olivia Rene Reyes. it's been great.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Olivia Rene Reyes on the web, she has a great resume
Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing
i'm happy there are lots of people doing so well...Love this channel for the transparency
All these bots infesting all videos on UA-cam about investing. Don’t just go for random people name dropped by ransoms on UA-cam for financial advice! Go find legitimate financial advisors at your bank or credit union.
New to the channel and really enjoyed. Thanks so much for sharing ✌️
Awesome, thank you so much!🙌
Perspective is everything.
Nice interview in Barron's. And what you're saying is please reconsider B4 buying an old investing book online.
Some amazing insights. The one where investors unfortunately take cues from investors who are playing a different game really hits home. It’s messed me up many times
I’ve learned to invest wisely after reading his books 📖
Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan? Basically, I just made my first $100,000 in a time of high Fed pivots, you should consider investing in mutual funds like Vanguard, Schwabs, or Fidelity. Crypto is also good because the returns are quite high, but to be on the safe side. Choose stock-based mutual funds
@@sylvester9592 I’ve been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan
@@charleskurt2152 I should retire in a few months, so any tip would be nice, and yes i have also tried to get a cfa but it is hard to find one that truly grasps the entirety of the different sectors, i am very open minded plus if i can't have it all then there is no point, if you get what I mean
@@sylvester9592 sure, it took a while to find the right cfa for me but it has been up from there honestly, my cfa has been great so all my profit margin success is just honestly him
Very sane comments on Warren Buffet
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 $120,000 bond/stock portfolio.
Investing in stocks is a good idea, a good trading system would puts you through many days of success.
@@Aziz__0 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.
@Margaret my financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.
I hope you haven't!
Stay in the market. Keep buying and buying and buying. If you had and hopefully you did you would be up a lot in 11 months. I have been through 2000 and 2008 didn’t panic kept on investing
While there is plenty to glean from the Buffet story, it's crucial to recognize he came about during the expansion and zenith of empire USA. The situation today is quite different as the empire is well into its sunset phase. Be adaptive.
This guy is a genius
Unknown unknowns are always going to be part of the biggest game of all
This has simply changed my life
I needed to hear this perspective! A great reminder on the often overlooked fundamentals 👌🏾
Wow, great insights
What use is having that kind of money when you don't spend it at least sparingly.thank you for the video
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@lipglosskitten2610 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@hermanramos7092 My consultant is‘’Christine Jane Mclean’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@lipglosskitten2610 Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Best book I've ever read about personal finance - should be required reading for any young person entering adult age.
Thank's Man..."Patience" say's it all
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Brazil Hyper inflation might be a good study case! [00:56:48]
I like that you didn't ask for likes just subscription
What an eye-opening point of views!!!
Investing is a psychological game which is a tough task. Since 2020 we have seen massive swings.
29:52 you got it backwards; you don't figure out what return you need to reach your goal because you can just look at historical data for that. If you need more by a certain date, you need to invest more today.
I have read his book at least 10 times and it superb and his genius stands out more- I am a huge fan
Glad you enjoyed the book. Thanks for tuning in!
Love this!
Patience pays
So glad I took the time to watch this video. It was really informative and had very interesting viewpoints. Made me reflect a lot on my trading style.
Glad it was helpful!
Started listening couldn't stop. Need to buy a book
I liked the patience part . Really enjoy your life and relax and wait!! (With ur Bitcoin)
Boom! Another great episode, Bedros. I’m always impressed at how you and Ray show respect to everyone. I don’t think I’ve ever had a conversation with Ray where he didn’t call me “sir”. It’s almost uncomfortable. You exemplify what you preach and I appreciate that the most.
Love it how the interview always ends right when theres hints that Bitcoin Shills are wrong. That whole M1 and M2 money supply bit was amazing and well versed. Morgan is truly gifted.
I just bought the book and I saw this in my feed. 😊 I’ve enjoyed listening. I’ve learned so much!
Glad it was helpful! Feel free to share the video with those you think would benefit.😊 Thank you for your support!🙌🏼
Heard the book on audible, but purchased the book Sat. So many gems
@@kathyjohnson8199 Thank you for sharing!
Love this!!!
Very interesting, I could feel my brain cells growing as I was listening! 😂
Well done!😄
"Luck/timing" plays a major role in the outcome of your investment returns..I bought a 1000 shares of Qualcomm at $50/share when most analysts believed the stock was Destin to a $1000 a shares before Alain Greenspan said " irrational exuberant " that crush the 1990 stock market. Ps. Cmrc stock stock when from $80/ shares to $997/ share within four months.
Wow, this talk is excellent! And it took me until near the end to realize that it is almost one year old (yet all the points in the talk is still relevant.) I would really like to see an updated discussion of the current time (March of 2023) with Morgan Housel again.
I mostly invest in REITs for my pension as they pay good dividends so that in retirement I can spend the dividends instead of reducing my fund by 3% a year idea and run out of money if I live a long life (which I plan to do!)
The compounding effects go super big near the end term….the longer the greater the compounding!
Why cash flow/income stream of all big index investing kinds of guys/girls come from selling books and writing blogs? 🤔
What a great talk. Especially the details of M1 and M2. One thought on Buffett's methods of investing might be still relevant. Monish Pabrai or Nick Sleep are most current adoptors of Buffett style of investing.
Two things that really stood out in The Intelligent Investor:
1) winning formulas stop working when everyone starts using them, and
2) every company eventually goes away
Thank you for the vid
Our pleasure! Thank you for your support!
Beautiful information
Thanks so much!
munger was on margin too in 70s crash. so what's the lesson?
Great Interview! Just ordered the book!!
Awesome! Thank you!
Buffet said he doesn’t understand Apple but just sees it as a consumer product company selling a device everyone sees as essential if not addictive
Botany and money gardens
"What is my goal?" Most of us enter the market with a clear goal, but the market's products are as intoxicating as supplies in a bar. You start out needing to quench your thirst, and end up betting on wrestling somebody in the bar. Choosing the right drink takes maturity and clarity of purpose.
What type of bars are you visiting 🤔? 😅
Cool interview
I met Buffet twice, even had a water with him. One thing he told me is the best asset we have is time. He actually told my young nephew. I think buffet loves what he does, what he does is retiring to Florida, or those memories others have and consider their fun, or entertainment he does what he does 😂. Also Bens philosophy that buffet always says is the best way to invest moats and all that value investing, is great for buffets profits, he wants retail investors all investors to buy into his BERK, and hold, it’s his bottom line so of course he will continue to tell investors to invest and hold with the thought that since he is saying this they will buy and hold his shares, 😂 it’s a great strategy. The little old man who seems so friendly and he uses that I would too 😂
Awesome video! But, will the index fund really outperform the index-like fund of legendary investor Warren Buffett, Berkshire Hathaway. Is the overvalued S&P lower risk than a cash cow like Berkshire? I’m not so sure.
Great interview with timeless advice
Great episode, really enjoyed it.
Just started reading this book, so far loving it. Quite informative about personal finance and seeking the importance of luck/risk
Which book?
I’d say most are throwing into their 401K having their money stolen and don’t even know it…
Very important information
Many thanks!
Thank you
You're welcome!🙌
It’s not timing the market it’s time in the market. !
Usefull info, thank you so much,
Only 1 point, I feeling the host sound sleepy 😂
Interesting staff
Munger said he never once say Buffet use a DCF analysis. It is possible that Buffet uses the DCF analysis as a rough guide which he can do in his head just by looking at the PE, the net income, and other factors. I am not sure. But I want to know.
[57:27] what about Brazil?
Wow such a tour de force of wisdom !!!
Morgan Housel has a way of breaking things down few other authors have been able to. My biggest takeaway from all of his blogs and his book is that an individual’s personality/temperament is a better predictor of their portfolio performance than their intelligence. This can be true in no other domain. Period!
Therefore, there is no reason that the average Joe should not be able to outperform the highest paid portfolio managers.
💯 Thank you so much for sharing your takeaways! 🙌
What a coincidence that I just finished this book! I loved this discussion - thank you!
Lol. I watched the interview then bought the book.
I watched this and now I'm thinking, do I need to read the book 🤔
@@duncanray387 you won't be disappointed. Read or listen to the book my friend
Please add the chapters
Watch the documentary Inequality For All. It explains how early 80s things changed and inequality grew
13.40 "being right is the enemy of staying right" Jason.... (I could not hear the surname, sounds like Right). This is just one of many evergreens from this interview. Thank you for such quality content.
Marek, Poland.
Thank you!😀
That’s really interesting about the classification of savings. I’d love to see the actual numbers.
Time in the market vs compounding rate of return - the skill is in the compounding, not the time in the market. Just look at the S&P vs Berkshire. The skill of compounding at high rates of return is the big "how does Buffett do it" - not how to live until you are in your 90s invested in the S&P.