Charlie talks about how to invest for 2021. Munger is the Vice President of Berkshire Hathaway and Warren Buffett’s business partner. This interview took place in late 2020.
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OTHER VIDEOS YOU MAY LIKE:
▪️Charlie Munger: Avoid These Mistakes to Double Your Net Worth: https://www.youtube.com/watch?v=omqdy4_5iXw
▪️Howard Marks on Investing in a Low Interest Rate Environment: https://www.youtube.com/watch?v=MRpgOfSL4TU
▪️Charlie Munger: 100 Years of Wisdom Summed Up in 20 Minutes: https://www.youtube.com/watch?v=S15XpqbUFFA&list=UU2cL3pI1H3tiozKif6A8fmA&index=19
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16 Comments
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https://youtu.be/S15XpqbUFFA
this trash interviewer is not at level to interview charlie
Would have preferred to just hear Charlie talk without so many questions
I barely have a circle of competence. At least I finally realised how incompetent I am as an investor. And almost entirely buy ETF’s and wait.
can’t stop looking at the mouse at the top
That is a serious chair
Let's buy made in America!
so he invested his pittiful under spending in a market full of growth. is market growth in his hey day the same today. we settled on a narrative in which the boomers are the problem but the silent generation is the one which really begins the problem. and we are letting the silent generation off just as we are not paying attention to gen x… the silence are the first generation to wrestle with the idea in 1972 73 which the country won't wake up to : our growth pattern changed for structural reasons, it wasn't about some bad decsion it wasn't about some gold standard it wasn't about the arab oil embargo something really structurally changed.. and in my telling of the tale the silence try to to restart growth the engines gone out and they try to restart it… it doesnt work. the boomers look at these efforts and say huh that doesn't work but it s good enough for redistribution and to play games with fake growth so why don't we help ourselves to fake growth and grow our slice of the pie as if the pie was growing. and I'm sure that means somebody elses slice isn't growing but that's really to bad for them … so the silence start allot of the these problems the boomers continue it, the millienials confuse gen xers for boomers because to them boomer means older than millienial and the only generation which has good hope to restart sense making is Gen X
Just keep swimming
Once in a lblue moon munger interview, and interviewer ruined it
It doesn’t sound like the interviewer can grasp just how simple Munger’s investment philosophy is. He wants it to be complicated, trendy, cutting-edge, and fancy. Instead it’s literally just “buy good companies and wait.” Too simple for academics to understand.
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This is a classic example of the difference between academicians and investors. The interviewer keeps asking Charlie about all kinds of unpredictable things (what will technological advances do to the market, what will COVID do, etc). Charlie keeps telling him the key to investing is to stay within your circle of competence, and none of those areas are in Charlie's circle of competence.
Good academicians make bad investors because they think they're smart enough that their circle of competence is endless. Good investors make bad academicians because they stick so tightly to their circle of competence. Investors pay a large penalty for stepping outside their expertise; academicians have to do that to continue pushing the frontiers of the field and to satisfy their intellectual curiosity.
A truly rare Charlie munger interview
What is the name of that chair that Charlie Munger is sitting in?
can't believe Charlie is almost 100 years old, mind still so clear.