(#stocks ,#investing , #charliemunger )
Charlie Munger talks about his 2023 recession prediction, bitcoin, and his thoughts on Elon Musk and Tesla in a wide ranging interview Charlie Munger did with Becky Quick and CNBC. Charlie Munger is the Vice President of Berkshire Hathaway and is the business partner of legendary investor Warren Buffett. The possibility of a 2023 recession and a 2023 stock market crash is something that is on the mind of stock market and real estate investors. In this interview, Charlie Munger talks about the possibility of bitcoin and why Munger hates bitcoin.
The United States Federal Reserve, or Fed for short, has been at the center of attention the last couple of years. This isn’t good attention either as many people blame the Fed for the highest inflation the US has faced in 40 years and the slowing economy. For those of you who may not be familiar, the Fed sets interest rates, manages the money supply, and helps regulate financial markets. The actions the Fed took in early 2020 were truly unprecedented (show chart). The Fed lowered interest rates to essentially zero in order to help the economy avoid entering an economic collapse as businesses across the country were closed and millions of people became unemployed virtually overnight. By lowering interest rates, the Fed made it less costly for businesses and consumers to borrow money to then turn around and spend and grow the economy. This, combined with massive government stimulus programs, helped keep the economy strong and avoid the economic collapse that probably otherwise would have happened. In the clip, Charlie acknowledged that this course of action was necessary.
*Disclaimer: Neither this video, not any content produced on this channel should ever be considered investing advice or official financial advice. All content is made for entertainment and educational purposes.
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Charlie Munger: Why Your first $100,000 will change your life https://youtu.be/NgGDNX7Fu60
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Your channel is very good
You have had great success. Ie 200k subs soon
When you are trying to stay in the limits of a 15 to 20 minute video which is logical, you sometimes sacrifice elementary explanations that are important for your intended audience in order to stick to the time
As an example using time value of money and interest rates in another video with Howard Marx is CNBC interview and the third sea change opportunity you cover the topic well but people who do not know beyond the definition of time value or what interest rate you’re referring to when you discount value of stock backwards you can solve that problem at the end of your videos by reviewing, which definitions you used that may confuse people and tell them to click on another video that you did on that topic in more detail
This both allows your videos to be evergreen, topical and reference at the same time, creating a virtuous circle of views
I may be telling you something you already know ad offer. Apologies.
And cheers
The only reason why munger only ACCEPTS on Tesla is because Tesla has no intrinsic value and can't grow like stocks/rental property that pumps our passive income. We have energy crisis and you want to add an electric car to it? Also charging a car is not instant like fuel
The one eyed billionaire. His one leg is in the grave.
AND THE DOLLAR WILL END WELL ? ? ? ? ? ? ?
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
People are already losing their jobs the problem is people don’t see these signs or a recession coming until it’s to late even after being able to list what the signs are 😂
HE bought bunch of BABA$ then bowing to china like his money god . We ARE in a recession. Just because the recession doesn't start with unemployment doesn't mean we are not in one. Now he came out and "predict" a recession? What a joke same as the big short guy — Michael burry. He bought GOOGLE stock at the top. Then predicting a recession ? Delete his Twitter account when he gets attack and judged. Then on again when things are clearly gloomy. And said — I warned you ! Ha
With the way the market is moving, we'll mostly hold for longer than 2025 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how.
The market has been struggling over the previous several months, with all three indices seeing losses over the recent months. My $400K portfolio is down around 25%; I would really appreciate any advice on how to increase my returns before to retirement.
The stock market is still a fantastic tool for building wealth, however, so it's wise to consider investing even if you don't have much money to spare.
People been using dollars forever for crime but he worried about bitcoin?
A merchant rubbing hands. Nothing to see here.
No need an old man say/ every one know uxa in recession, propped by high inflation and high uxa exchange rates
And unhealthy obsession with china and russia
Could the money print, the stupid open border, releasing the dog of abortion , election confusion, etc all be part of a design to destroy the world’s ONLY resistance to the damn new wold order? Most other countries are used to following orders from a strong man, dictator, king, tyrant, queen, pharaoh, czar,etc. But America as it was only a few years ago presented a problem to the one world rule. So, all of the recent actions by our politicians are intended to eliminate US opposition.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why I trade with Mrs. Arlene Bryan, her skills set is exceptional..
Instead of trying to predict and prognosticate whether or not we’re going into a recession/depression and precisely when it’s 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 40 days in the last quarter according to Bloomberg.
By this logic gold has no value…
Of course he approves of the Fed!!
The Fed is a corrupt banking cartel.
END THE FED.
First and foremost, we should have not stopped the economy due to covid. That would have solved all the problems. Thanks Joe Biden :/
so tsla will fail
Go read about how Munger's dorm building fiasco. He donated $200 million to UCSB for a dorm building (which would cost 1.5 billion) on condition that he got to entirely design it..even though he's just a hobbiest architect. The dorms would have no windows and would be tiny as to pack tons of people in. So even though he only would be paying 13.3% of the cost he would want full control over it…This guy also called politicians idiots who were addressing the ever increasing wage gap and also told people to stop complaining because things are "five times better than they used to be."
The guy is a piece of shit. Plenty of better people to take advice from than him
If the Feds goal was 2 0/0 then it would average 2 percent. Who is it that will stand up for a lie ? Will you ? So you then admit that is not the goal, or stand with those who are not truthful….
Bitcoin is not an asset but rather a currency. Remember its name? Cryptocurrency
Doesn’t matter.. Buffett got apple wrong. Now he has billions in it