Charlie Munger: The Investment Opportunity of a GENERATION (Last Ever Interview)
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- Опубліковано 29 чер 2024
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Oh boy do I have a special treat for you guys. Legendary investor Charlie Munger just gave a rare, sit down interview. This is the first new Charlie interview I have seen in years. You’re going to want to stick around to the end of this video because Munger covers how you should be investing if you want to become incredibly rich. Let’s get into it.
Charlie Munger is a billionaire and on the Forbes list of the world’s wealthiest people. Naturally, one would assume that Charlie’s personal stock portfolio consists of dozens of different stocks. However, this couldn’t be further from the truth. Munger’s personal stock portfolio consists of just 3 stocks: Berkshire, Costco, and the Daily Journal Corporation.
Contrary to popular belief, you don’t need to be able to come up with a new investment idea every week in order to invest successfully. Instead, Munger says that the key to being a great investor is having the patience and the ability to identify when a truly great opportunity presents itself. If you're lucky, you may just get a handful of these types of opportunities during your life. That is why it’s so important to be able to identify one when it does come along.
Use Munger and his investment in the retailer Costco as an example. Munger has been a large shareholder of Costco for decades, having been on the board of directors since 1997. In the Spring of 1997, Costco stock was trading at roughly $14 per share. Now, each share of the company is worth nearly $600 as of the making of this video. Quite the impressive return!
When Munger first invested in Costco, the business was a fraction of the size it is currently. Costco had just opened its first location a little over a decade ago and had yet to build out its national footprint. However, Munger was still able to identify how great an opportunity Costco stock was because of the strength of the company’s moat. A moat refers to a business’s ability to maintain a competitive advantage over its competitors in order to protect its long term profits and market share. Costco’s moat is based on its ability to sell products to consumers at lower prices than other retailers. The entire business model of Costco is built around driving costs down as far as possible and passing those savings on to customers in the form of lower prices.
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We lost a real one today boys
So sad
Sad Rip😢
Rip
Rip
Feel sad.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
I agree with You. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.
how did you find a good finance advisor? How do you know if they are trustworthy and competent?
Rest on veteran investor , i learnt so much from this uncle , long term investing and portfolio diversification was his game plans to mitigate financial risk.I'm still holding long term , looking out best options to diversify $100k reserve.
Charlie Munger is a veteran investor and a successful one in that , like the lives of Warren Buffet , Micheal Li and few more set an investing precedent, i suggest you get a FA to assist you in portfoli0 managment .
I'm 60years , has been following amazing veteran investors and their investment experience which has always boarders on holding long term, portfolio diversification and the importance of FA, I'm netting $100,00 every quarter with help of my portf0lio FA
@@Andreallln as well i have been on the housing market for couple of years , i have the urge to diversify , but i don't know how to go about it , as well i don't want more financial erros
There are many financial coaches who excel in their profession, but for the time being, I employ Monica Amanda McClure because I adore her methods. You can make research and find out more.
Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
I’m approaching retirement and despite having solid companies in my portfolio, it has remained stagnant for awhile now. I'm willing to make huge investments if profits come in big leaps too! my question, are there any calculated profit opportunities during a recession?
generating substantial gains at uncertain times involves experience and intricate strategies best executed by financial planners to me
Correct, despite setbacks and losses amid 2020 pandemic crash, I was able to stay afloat and outperform only cause I had an advisor backing me up. So far, I've attained nearly 7 figure in portfolio after 100s of thousands invested subsequently.
this is great! who is your advisor please, if you don't mind me asking? in dire need of proper asset allocation
I take guidance from a Illinois-based wealth advisor ''Catherine Louise Marino'' her service is exemplary and luckily, her profile is noticeable on the internet. There are lots of financial planners out there, you should however do your due diligence.
hoping to end the year effortlessly winning.. just inputed her full name on my browser, super impressed with what i've seen so far, your recommendation comes handy and well appreciated
I feel the market should close in his honor
100%
KO rose up and gently tipped its hat at close
Poor Charlie’s Almanac was one of the best books I read. Charlie’s wit and candor will be missed. Rest in peace
Those first hundred years are a b*tch. Love you Charlie, thanks for your wisdom and generosity. Rest in Peace, legend.
So sad we lost a legend, his voice in this video caught my attention, after hearing it I did question how long he had left, I'm shocked to hear about his passing a few hours later.
RIP Charlie Munger
A true legend
where he went there is no peace.@@InvestorCenter
R.i.p my boy Charlie munger... forever a true gem.. forever missed..
RIP Charlie, you truly were an inspiration to us all!
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What's his Telegram
Asking ?
@kuciajacob VlA Te le gr amm…
Thanks for dropping this information, I just sent him a detailed message on tele
There won’t be any more munger interviews:(
It’s a sad day :(
Sad news today probably posted this before the news. Lately been watching munger/buffett annual meetings on UA-cam more than usual 😥 Great video!!
RIP Charlie. You will be missed.
I can't predict the future & I'm terrible in timing the market. So I just buy great companies at reasonable prices and hold them for the long term. If the market drops, all the better, I'll just add more to my positions in great companies. I sleep well at night regardless of what the fund managers or the markets are doing. Before the latest drop in the market was down to $95K now up to about $200K
I'm scared but also excited to add to my positions as the market drops
Can't advice you on the best approach i'm not a pro but will recommend you speak with an FA, Martha Cornell Kerns, credit to her constant advice and guidance
impressive, you're really doing well for yourself
goodluck! is never an easy step, it takes time and dedication
Rip Mr Munger
A life well lived
I have learned so much from Charlie..RIP
Rip legend
A great life
A class act that we won't see again, they're going away. We'll be left with, Tiktok freaks!
RIP Dear old Charlie! I miss him already. Poor Warren lost his friend and business partner of so many years. Irreplaceable.
This video is a nice send off filled with knowledge. Keep up the good work!
Glad you liked it!
Charlie was my hero, devastated at the news, RIP.
How ironic is it that Charlie’s last big investment was BABA 😳. I will be having peanut brittle and a coke today to commemorate his life. Rest in peace !
R.i.p charlie munger ...
Sad almost 100 this jan 1
❤ from india ..charlie you are always in our heart..
Sad news regarding Charlie Munger. 😞 I learned a lot from him and respected him greatly for what he shared.
On a separate note and more importantly, depending on what is true about life on the other side of death, Charlie Munger may or may not be resting in peace. I don't say this to be mean-spirited or rude but out of concern and love for all who may read this. If we're here b/c we're interested in investing in the future, there could be potentially nothing of more significance than what I'm talking about (assuming it's true.). Something to think about and not easily be dismissed.
RIP to an American treasure
Good insight in this video. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good resource to learn more.
RIP Munger
Oh boy!
R.I.P Charlie😢😢
Rip legend.
RIP Munger yeah but also, "World's Best Farter" at 4:23
RIP Charlie 🙏. Yes, I wonder how many door dings Costco saved their customers (millions of dollars ) . Great idea, giving the consumer more money to spend at Costco.
God bless the legend for sharing his knowledge.
RIP 😢
RIP sugar daddy. One of the greatest
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it
By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@M.Morgan Agreed, I've always delegated my excesses to a professional, ever since suffering major portfolio steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
Spooky
Very much so
Not spooky… while watching this video, I was getting a feeling something is not right with his voice … a strange feeling!! And after few hours I got this news
RIP to one of the true legends
I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto and forex investment with $4,345 and since following you for a few weeks now, I've got $18,539 in my portfolio. Thanks so much Maria Stokes
Wow, amazing to see others trading with Ms. Maria Stokes , I am currently on my 5th trade with her and my portfolio has grown tremendously.
I also invests with Mrs Maria Stokes , she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
This is not the first time I am hearing of Mrs. Maria Stokes and her de ella exploits de ella in the trading world but I have no idea how to reach her ..
My first investment with mrs. Maria Stokes gave me the confidence that led me to invest without fear of loss. I have already taken 3 of my friends to guide her and they are fine.
I have traded with many individuals but I have never met anyone as good as Mrs. Maria Stokes , just by applying her strategies I now trade independently. she is the best i would advise any investment newbie to trade with her
RIP charlie.
Present 😊
RIP charlie
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading
Well, you are saying the fact. I invested $4,000 with Donna Patricia Hester. and earned $12,000 in 14 working days.
I got Donna Patricia Hester’s recommendations on ABC News in December last year and started following her lead and made a lot$ in two weeks. Lost my job in April 2022 and right now I'm back on top again and I always win with her guidance.
I'm looking out for a better investing strategy. Please do you mind sharing any means of reaching out to her easily? I'm really interested
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways.
I'm really between the devil and the deep blue sea, is this really a good time to buy? Folks are screaming "Dead cat bounce" Do I just wait and buy after continuation after rally when things go back down? My reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory.
It depends, you could sit-back and capitalize on the downtrend, if you're looking to make immediate-profit from the rally, you should just hold short positions, although that'd require a good level of expertise.
I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.
Can't take all the billions with you not even a cent
Yikes that’s crazy . Rip
RiP
We will miss him
❤😢
👍👍👍👍
Rip
Yea and where is his money now? Did he bring them to the hell? Invest invest invest and die before u can spend it… it’s sucks!!! RIP.
guy gave millions to fund abortions. Nobody I'd want to emulate.
Oh boy!
I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto and forex investment with $4,345 and since following you for a few weeks now, I've got $18,539 in my portfolio. Thanks so much Maria Stokes
Rip
Rip