Charlie Munger's Best One-liner?
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- Опубліковано 21 вер 2024
- Warren Buffett and Charlie Munger speaking at the 2000 Berkshire Hathaway annual meeting.
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Here to pay respect. RIP Charlie! As real as real gets.
"that's why they have me write the annual report" lol hahaha nice respond too
Yeah hes quite the potty mouth.
😂😂😂
The greatest financial double act of all time and a very good comedy double act too. Genius !!
..."if you mix raisins with turds they still turds." Can't disagree with that!
Warren knew something deep was brewing there - look at his demeanour. You gotta love Charlie ❤
"Brewing" 😂
What a great relationship and strong mutual Trust between these two 'lovely kids'...
I love Charlie Munger - we've all known someone who has uncommon down to earth sense and a dry wit - they keep it and us together.
That sudden expression from Buffett: I knew it was coming! Lol
Warren: 5-10 years from now you’ll know.
And we sure did know in 2007.
Why in 2007?!
The .com bubble bursted in 2001
surely an influence on the muppets balcony duo...munger’s blank post- delivery expression and side to side gaze is priceless
Munger at his best! If the video quality didn't give it away you could be mistaken for thinking he was talking about $Uber, $Lyft, WeWork & what not.
And bitcoin
I want me and my best friend to be like this when we’re 90. Just slaying!
continue slaying bro
😆😆
Better to say that i want to be 90 first. lol
Wretched excess that Charlie mentioned is a prediction about Bitcoin - Analogous to Resins and Turd mixture
what buffett said was pure elegence!
I like how Charlie is discreetly watching baseball on a screen to his left while Buffett talks.
He just described Bitcoin
Some people claim Bitcoin is a currency, which is certainly debatable. But it brings up the interesting question of how currency should be valued. It makes sense to value a business as the discounted future value of all its earnings and residual value, but currencies... what? I suppose something about the risk free return available in a specific currency have a relative affect on its currency compared to other currencies. But we don't value currency according to GDP, or the taxing power of the country of that issued it... and even if we did it would still be relative to other currencies.
@@michaelsmith4904 h
@@michaelsmith4904 Currencies used to be backed by commodities like gold, which were valuable due to their usage in real world. For example, gold can be used as jewellery, conducting electricity in CPUs, as a lubricant and IR filter in space... Without having the backing, governments print as many paper as they want and bitcoin can be replaced by any other of 10000 cryptos. That is why both btc and fiat will fail
Warren is best at giving his deep insights while Charlie is best at the one liners #Mungerism
Classic!
You can't fault Charlie's logic!
Touches, Mike. Do it on the hand
this channel is fantastic! keep it up! (please!)
Thank you!
That's why they have me write the annual report.
Warren Buffett & Charlie Munger would make an exceptionally successful comedy duo if they started doing a weekly financial-comedy podcast🤣🤣😁😄🤺💯
I love how cheerful Charlie is
Anytime there have been real burst of speculation in the market , it gets corrected.
In the short run is a voting machine, in the long run is a weighing machine.
Wealth transfer
Wealth creation
Mania
Chain letters are wealth transfer mechanisms.
It can last a very considerable period of time.
Can you explain this in layman terms please.
I'm just not sure what I'd do at this point if I saw Warren and Charlie sitting in each other's seats.
Warren buffet -- that's why they let me right the annual report !!! That too was a one liner shot !!! Rofl ✌👌🏾🥳, Invariably , laurel and hardy UNION is WORTH BILLIONS !!! Long live Mr BUFFET and MUNGER !!! 💎🥇😇
A little "harsh" but a good analogy.,
Te sigo Buffett,tu risa me contagia, tu tienes algo más simple que tu dinero y eso es tu verdadero valor como lo que eres ...... 💌
Sounds like he’s talking about Bitcoin in the current day. Nearly $60k for a currency that belongs to nobody but the Bitcoin owner. Only worth what someone else will pay for it.
You really don’t know much about crypto if you think that
@@CosmosGamingChannel it’s like a ponzi scheme
@@EVERYTHINGUNEDITED1 A ponzi scheme is moving money from those at the bottom and paying out those at the top. Not sustainable. This is not like crypto (rather the potential of blockchain technology).
@@CosmosGamingChannel @CosmosGaming yap, the first person who put his money in is insured as we keep going the later people put their money in they less and less insured and more likely to loose their money.. ponzi scheme pyramid scheme whatever you call it
its not sustainable the price of crypto right now is simply a result of people buying those online bidding the price up
@@EVERYTHINGUNEDITED1 You are right, if crypto had no utility. Unlike a ponzi scheme, crypto offers a product. Just like any other successful “company”.
But what it offers is a revolutionary shift from centralized, unlimited reproducible currency to a decentralized, international currency system controlled by the people.
Coins just pay for movement on the blockchain (sort pf). Blockchains are the key and will create the third generation of the internet. Ontology (ONT) is creating a digital identify via it’a blockchain that will provide true copyright protection and even allow us to vote online without fraud. That is just one of many promising projects.
Please put the dates on the clip... helps add context :)
Circa 1999
Hahah they have so much chemistry
Charlies is awesome
2 great guys
Warren can make charlie laugh in a second!
If you mix raisins with turds...they are still 💩
He's basically talking about bitcoin.
Facts lol and all other shitcoins
I just love these two. Best entertainment ever.
If a company that's not worth anything changes hands..... oh, so Boston Dynamics?
Do they not produce value?
Ya
lmao
Tesla??
I respect Munger and Musk immensely but I find that very conflicting when investing.
They’re both billionaires. What is there to be conflicted about?
Musk is not in investing.
I think you don't understand enough if its still complicated. Imo these videos if you have the background knowledge for you can learn enough about investing to feel comfortable with money
Pretend this video was from last week, and they are talking about tesla, meta, bitcoin, ect
This may have been talking about a previous bubble before it burst, but the underlying facts remain the same. We are once again at a point where companies (amd crypto) have ludicrous valuations that are detached from reality.
Everyone seems to have reasons and answers for it now, but to quote another Charlie Munger line "it is remarkable how resistant some people are to learning anything"
Remember, the key to Berkshire's success over the years was not riding over inflated values to peaks, it was in ignoring those companies and buying up more stable but boring companies each time the bubble pops and the broader market falls
His theory doesnt apply to gold and probably also why he doesnt understand cryptocurrencies
Legend. ❤
Charlie is cute hehe funny guy
❤️❤️❤️
DONT TEACHER YOUR FATHER, HOW TO DUCK BUT BE A DODGEVILLE OF PALM ISLANDS...
#DODGING-THE-DODGE-COIN
PATITAPABAN...
Isolated! Crimes! Microsoft Software! Major Crimes!
I believe the value of goods and services is smoke and mirrors. The IPhone is a case in point.
I love those balcony muppets.
TSLA anyone?
TESLA
The raisins are the Ponzi Schemes
And he internet is the turd.
Charlie is a genius.
Gets the big money for swiveling his head back and forth.
A one liner that takes 5 minutes to tell.
Buffett always talks about the value of a company is dependent on the cash it provides to its owners. He has been saying for 20 years or more and until within the last year, he has never returned any cash to any of the owners of Berkshire Hathaway. Finally a few months back he/they bought back some shares. The tax inefficiency of dividends will probably prevent him from every paying a dividend. Always have thought his views on valuing a company is at odds with how he runs his.
He has not claimed that the value is “dependent on the cash it provides to its owners”. His claim is that the value is dependent on the cash the company generates. There are many things that can be done with this cash to increase shareholder value; not just dividends/buybacks. Generated cash can be re-invested in the business, used to pay down debt, sit in the bank waiting for investment opportunity, or as you say, can be returned to shareholders through dividends/buybacks. In many cases, using the generated cash to pay dividends is negative for shareholder value if this cash can instead be re-invested in the business at high rates of return.
But you are totally correct that buybacks are much more tax efficient than dividends.
Ptero Gonzalez I agree with everything you wrote. The tax advantage of buybacks over dividends is tax deferral. You are especially correct that the buybacks must be done at an attractive valuation to create shareholder value.
Imagine if u buy shares of a company that has 50% in cash of its stock value. Depending of its growth caacity, for them its as good as buying an utility that pays a 6% yield or more
Gabriel M a
The sound of their voice tells me they are related. Brothers, Cousins, half brother..??
They’re just 2 (non related) old guys.
This is a random assumption to make.
😂😂😂😂😂