Charlie Munger, Vice President of Berkshire Hathaway and Warren Buffett’s business partner, talks about the lessons he has learned over his nearly 100 years of life. This original interview took place in 2008.
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OTHER VIDEOS YOU MAY LIKE:
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45 Comments
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Learnt soooo much from this brilliant man. Met him once years ago in Omaha. RIP Charlie
So all this to let the world know that 7 of his 8 children were thick!
‘ Take the high road in life, it’s less traveled.’ Warren Buffet
The mental road…
Munger’s secret wasn’t IQ. It was avoiding stupidity.
Thanks for posting this. Can anyone share similar videos where we learn from these extraordinary men about wisdom and essence of their life experiences, thanks!🙏
0:52 Common sense
2:01 Identify and Avoid follies
2:32 Inversion
4:13 Collect big ideas
8:05 Simplification
12:55 Grab the main ideas in each every field
13:23 Ben Franklin, self-educated, psychological tools, human nature
One of the smartest men in our country’s history.
Identify folly and avoid it. Collect inanities.
Find and use other people's great ideas. See how they interact, and if they demand synthesis. Liberal arts in universities today have the wrong reward system and hire the wrong people, maybe someplace like caltech could fix them, multidisciplinary competence should be aimed for.
Indians r happy to see his surnane munger… Msy be he migraated from munger india😮
inanities- a nonsensical action. (an action that does not make any sense)
He is saying inanities. I had to cut the closed caption on. LOL. (learning slow)
He is saying "inanities"
He said himself he doesn't know how to calculate a dcf
Why did Donald Trump & Vladimir, the Impaler of the UNwary Slav, have to go to Saudi Arabia to formulate a "Peace In Our Tyme" scenario? _ ANSWER: Because no man [ the Nomad ] can afford his delusions.
WHEN CASH TURNS TO TRASH; "Never borrow more than you can safely lift." [ never, never, never! ] _ Signed, Commander-In-Chief Doctor Congo Trumpf ]
https://www.youtube.com/@BiblicalMoneyPrinciples
Napkin notes:
Defense slavery: 1945-2025 look at BS in that dash 👁️
1865 the Lord advanced humanity once it abolished mass slavery !
Food, utilities, community and comfort are our gifts for not using the cruel practices, to the Lords own creation.
1858 oil was found to be a prospect. It has caused greed but it saved the Lords whale herds! 👁️
1945 nukes where needed to protect society from going back to mass slavery! 78 years of protection. Hitler loved slaves! NATO is making the globe defense slaves!
You mean his daddy didn't give him 400 mil?
Warren and Charlie have been in my life, a poor person from Mississippi, for 30 years when I first put every dime I had with Berkshire. Now I live financially free at 82. Life is good when you search for solutions.
1. ""We had one this morning from the governor of New York that was pretty expensive…" -> Spitzer Scandal, march 2008
https://en.wikipedia.org/wiki/Eliot_Spitzer_prostitution_scandal
2. i'm lstill ooking for that psychiatrists who studied pavlov, maybe its; him: Stanley Cobb, the Rockefeller Foundation and the evolution of American psychiatry
The question at 15:20 is a trick question because he's advocating fraud (bribing the purchasing agent). Is he telling us to be aware of it or to actually use it? I'm quite surprised
Comment on Munger's life. People are largely unaware that he divorced at age 29, became destitute, and shouldered the medical bills of his dying son. He also lost an eye in a botched surgery.
We all have our ups and downs. You play the hand you are dealt. I didn't get divorced – my wife died leaving me with a little one. I didn't get remarried. Surgery? I was not able to type, print or understand what I was reading after surgery. The doctors wanted me to do crossword puzzles. I decided to learn another language and did so. Never give up.
So done with the term "self-made". No one is self-made. And that isn't a criticism, it's just how the world works imo. There is a whole team of people that went into making this man who he is. That doesn't mean he didn't work for it. Someone can lay the path for you, but you still have to walk it. But the idea of "self-made" that capitalism likes to sell is not how it works.
Brutally honest and refreshingly original. Who says sages no longer exist. The oracle of the oracle of Omaha, may you RIP!🥲
I prefer the advice of Jesus to the advice of the people of money
😂😂🎉.
This is actually the wrong advice 😮
Very wise words.
I am older.
1. I will express part of what he is attempting to communicate in a different fashion.
In school, we are not taught to question our assumptions and ideology. You are indoctrinated and graded and advanced in school if you parrot what you are taught.
2. Yes, Ben Franklin was an observer. Read his observations about the printers in England. They were the most highly compensated and literate people . . and why they did not advance. I am a listener. One night I was at a dinner party. A former Kapo was the party. His daughter had told me about his life. He spoke to people and everyone was delighted. He asked about people's opinions, interests, goals, families. He said nothing about his life experiences, his education, his employments. I understood how he had survived the Nazi concentration camps and the vote of the barracks of whether he lived or died. And other Kapos died. No one knows me education, employment or former licenses . . . not even my doctors. And I know a lot about my doctors, dentist, lawyers, enrolled agents, auto repairman.
3. Simplifying. Have you read Einstein's papers? I have. He reduced his discussion to simple examples. Did I understand everything? No. But I understood a lot more than if he had not used simple examples..
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99 yrs*
Charlie Munger is a fountain of wisdom common sense analytical abilities with humility. I love this man.
He's not exactly self-made. He came from a privileged background.
Friend of Bill Gates and all the elite bent on reducing the population of this planet.
Bitcoin = Rat poison square which is lollapalooza with all time high
Charlie and Warren is all you need for great financial and life advice. 😀
Okokok
He’s sure right about crazy commies in Academia
Thank you Charlie for sharing your wisdom. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good resource to learn his investing principles.
He admits incentives for everything in business and yet lays forth no incentive for the "crazies" to learn more disciplines and stop being crazy. Ergo, they won't. Lol Brilliant.
Nice
Hear what ‘Charlie Munger has to say about Lee Kuan Yew of Singapore
Amazing to listen to him. He makes things so simple, yet it's a lifetime of continuous learning that helps one recognise problems and their immediate answer.
What does it profit a Man if he gains the Whole World but loses His Eternal SOUL? Charlie and Warren had great Wealth and power but gave much of it to Universities which poisoned the entire world Instead of Spreading the Gospel of JESUS CHrist who Blessed the Western World and through Them the Entire World. Now Charlie will spend Eternity in Hell Fire instead of Heaven because he rejected JESUS and Failed to Use his power and wealth to spread the Message of JESUS. Eternity in Heaven or HELL it is still your choice. REPENT NOW for the time is short before JESUS returns and GOD brings Judgment on the Entire World Before HE finally Judges each person to HEaven or Hell.
R.I.P