Charlie Munger in final CNBC interview: You've got to learn how to recognize rare opportunities

CNBC's Becky Quick joins 'Closing Bell Overtime' to discuss her recent interview with Charlie Munger ahead of what would have been his 100 birthday. Long-time business partner of Warren Buffett, Munger died at the age of 99.

Пікірлер: 871

  • @micheal_mills
    @micheal_mills2 ай бұрын

    Like Warren Buffet said, dividends are only good if the business you're investing into can't make good use of that capital. So, if you're trying to invest in businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they're returning capital to you because they think you can make better use if it than they can. It's not much different from bond investing. The way I see it, if you have a $1 million at some point, that'd be enough to create a portfolio that would pay you between 50k - 70k in dividend income.

  • @donna_martins

    @donna_martins

    2 ай бұрын

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

  • @Walter_hill_

    @Walter_hill_

    2 ай бұрын

    Very true! I've been able to scale from $50k to $189k in this red season because my financial advisor figured out defensive strategies that help portfolios be less vulnerable to market downturns

  • @robert-1miller

    @robert-1miller

    2 ай бұрын

    Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?

  • @Walter_hill_

    @Walter_hill_

    2 ай бұрын

    Natalie Noel burns is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.

  • @robert-1miller

    @robert-1miller

    2 ай бұрын

    Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Natalie .

  • @SuperLari1234
    @SuperLari12345 ай бұрын

    He was nearly a 100 but he never lost his mind. Such sharpness at such age. Incredible

  • @SuperLari1234

    @SuperLari1234

    5 ай бұрын

    @@joseph_goebbels606without working? He and Warren work harder than 99.99% of people. You're giving of very hate-ish vibes. Do better.

  • @hossamgebeily

    @hossamgebeily

    5 ай бұрын

    Id say he probably read a ton of books. Explains why he stayed sharp until the very end.

  • @vjan9003

    @vjan9003

    5 ай бұрын

    @@hossamgebeily and healthy most of the time too

  • @snorttroll4379

    @snorttroll4379

    5 ай бұрын

    He should have financed aubrey de grey

  • @OnlineEnglish-wl5rp

    @OnlineEnglish-wl5rp

    3 ай бұрын

    Well when you know the government will always get the taxpayer to bail out your bad investments I suppose you can relax and afford the best health care

  • @paulattaboyatreides6414
    @paulattaboyatreides64145 ай бұрын

    At 99 still doing interviews, holding investor conferences, answering every question with cadence, wisdom, and patience all while wearing a suit and tie.

  • @TheMwowner1

    @TheMwowner1

    5 ай бұрын

    yea, they never did any physical work in their life.

  • @paulattaboyatreides6414

    @paulattaboyatreides6414

    5 ай бұрын

    @@TheMwowner1 he worked 12 hour days at a grocery store as a kid growing up during the Great Depression. Joined the Air Force as a meteorological officer during WW2, he didn’t see any combat (less than 5% of all enlisted servicemen did) The man lived an extraordinary life, and yes he may have not plowed the fields, but no one can throw his work ethic, self discipline, self awareness, and accomplishments into doubt. If you die at 99 with all your marbles intact, your children and grandchildren around you, with assets that would support them for the rest of their lives, you’ve won.

  • @pradeepv3282

    @pradeepv3282

    5 ай бұрын

    💯

  • @alanortiz4088

    @alanortiz4088

    5 ай бұрын

    @@TheMwowner1true but when your that age and rich most wouldn’t still be working

  • @tattushenoi

    @tattushenoi

    5 ай бұрын

    @@TheMwowner1and you did exactly what?

  • @gioc610
    @gioc6105 ай бұрын

    The level of clarity in this man’s mind at the age of 99 is truly astonishing. Edit: Wow! 10k likes! Thank you guys

  • @rjmcfly202

    @rjmcfly202

    5 ай бұрын

    ​@@So1b0w4t3JahExperience plus+ a youthful demeanor/attitude/outlook-on-life: (=) #Evergreen🍀🏁🎖️🎅

  • @andypicken7848

    @andypicken7848

    5 ай бұрын

    gioc610 Smart with a capital S our Charlie. A life long self learner and a terrific role model for me

  • @joeythelipz

    @joeythelipz

    5 ай бұрын

    *was

  • @davecoly8007

    @davecoly8007

    5 ай бұрын

    10k likes? Are you stupid?

  • @OU81TWO

    @OU81TWO

    5 ай бұрын

    10K likes?? What are you taking about? You have a little over 200 as of now.

  • @Greghilton3
    @Greghilton35 ай бұрын

    Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

  • @CindyValenti

    @CindyValenti

    5 ай бұрын

    Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.

  • @KarlGrabe955

    @KarlGrabe955

    5 ай бұрын

    I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

  • @Davidstowe872

    @Davidstowe872

    5 ай бұрын

    @@KarlGrabe955 I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

  • @KarlGrabe955

    @KarlGrabe955

    5 ай бұрын

    I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

  • @Davidstowe872

    @Davidstowe872

    5 ай бұрын

    Thank you. I just checked her out now and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.

  • @PhilipMurray251
    @PhilipMurray2514 ай бұрын

    My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?

  • @Alejandracamacho357

    @Alejandracamacho357

    4 ай бұрын

    Long term? Stocks! Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into.

  • @Natalieneptune469

    @Natalieneptune469

    4 ай бұрын

    Accurate asset allocation is crucial right now, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1m ROI

  • @PhilipMurray251

    @PhilipMurray251

    4 ай бұрын

    Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?

  • @Natalieneptune469

    @Natalieneptune469

    4 ай бұрын

    Credits goes to Kate Elizabeth Amdall one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

  • @PhilipMurray251

    @PhilipMurray251

    4 ай бұрын

    I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon.

  • @SandeepKulshrestha
    @SandeepKulshrestha5 ай бұрын

    Becky is so authentic. What a man he was? Whether one is rich or poor, one gotta live with purpose.

  • @shellylofgren
    @shellylofgren5 ай бұрын

    Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...

  • @DavidRiggs-dc7jk

    @DavidRiggs-dc7jk

    5 ай бұрын

    It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....

  • @jeffery_Automotive

    @jeffery_Automotive

    5 ай бұрын

    i've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free...

  • @berkrix4312

    @berkrix4312

    5 ай бұрын

    @@jeffery_AutomotiveWould it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

  • @jeffery_Automotive

    @jeffery_Automotive

    5 ай бұрын

    I won't pretend to know everything, though. Her name is Julie Anne Hoover, but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

  • @berkrix4312

    @berkrix4312

    5 ай бұрын

    @@jeffery_Automotive I won't pretend to know everything, though. Her name is Julie Anne Hoover, but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

  • @WGchamara
    @WGchamara5 ай бұрын

    Legends never die. Rest in peace Charlie Munger.

  • @pomp4401

    @pomp4401

    5 ай бұрын

    I guess he is not a legend.

  • @atorabisameni3769

    @atorabisameni3769

    5 ай бұрын

    😂😂🤢🤢🤮

  • @JaguarPriest

    @JaguarPriest

    5 ай бұрын

    He will rot in the underworld

  • @snorttroll4379

    @snorttroll4379

    5 ай бұрын

    He did not pony up the cash for aubrey de grey's research. that decision has consequences.

  • @andrewfielding2160
    @andrewfielding21605 ай бұрын

    Rest in peace Mr Munger. A true gentleman and legend. You will be missed by many.

  • @smithlenn
    @smithlenn5 ай бұрын

    Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

  • @belljoe

    @belljoe

    5 ай бұрын

    Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .

  • @Robertgriffinne

    @Robertgriffinne

    5 ай бұрын

    The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...

  • @rannyorton

    @rannyorton

    5 ай бұрын

    I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

  • @Alejandracamacho357

    @Alejandracamacho357

    5 ай бұрын

    Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

  • @rannyorton

    @rannyorton

    5 ай бұрын

    Fantastic! Can you share more details?

  • @stephaniehale946
    @stephaniehale9465 ай бұрын

    *Rest in peace, Charlie. You were a gift to humanity. Your wisdom, intellect, and perspective will be missed dearly. I can only imagine what Warren must be going through. You guys were together for over half-a-century. The world will miss you, Charlie. Lots of love and respect!*

  • @snorttroll4379

    @snorttroll4379

    5 ай бұрын

    If they had financed Aubrey De Grey's research they would not be so frail now and would actually be skipping to work every day. Bill Gates. you are next up unless you finance Aubrey De Grey's research.

  • @ImBeneficial
    @ImBeneficial5 ай бұрын

    Legends never die they say, Charlie and his teachings relative to investing and life itself will forever live on. Rest easy Charlie. You know they say you're never really dead till everyone alive stops thinking about you, I'm more than certain Charlie has another full life ahead. Prayers to all his friend's, family, and partners.

  • @Wa8977
    @Wa89775 ай бұрын

    A true man of honor and value, a rarity. Charlie’s legacy will impact us all for decades to come.

  • @Freddyyyy266
    @Freddyyyy2665 ай бұрын

    This man right here is my idol. He inspired me to take my finances seriously. I began investing less than a year ago and with professional help, I’ve recorded tremendous growth in my portfolio. Rest on Legend.

  • @Freddyyyy266

    @Freddyyyy266

    5 ай бұрын

    Herman Jonas, an astute financial analyst is the brain behind my success. I've gotten into a plethora of assets with $33k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now I sit back, and just reinvest at intervals while I enjoy my retirement.

  • @Denniss20

    @Denniss20

    5 ай бұрын

    Do not forget that when it comes to the stock market, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.

  • @mendeleyborisov92

    @mendeleyborisov92

    5 ай бұрын

    @@Denniss20 I agree that the market can be quite unpredictable, but working with Herman has been a game-changer for me. His market insights and strategies are consistently spot-on. It’s not just about profits; it’s also about the peace of mind that comes from knowing you’re in capable hands.

  • @Rmorales799

    @Rmorales799

    5 ай бұрын

    How can I reach him, please? I'm buoyed by the good recommendations I’ve come across elsewhere. I need help with investing. I'm ready to pay for his services.

  • @mendeleyborisov92

    @mendeleyborisov92

    5 ай бұрын

    Hermanw jonas (a Gma!L comm Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

  • @AloneInTheVoid
    @AloneInTheVoid5 ай бұрын

    "There are things you give up with time." -Charlie Munger How true..

  • @domenicopolo

    @domenicopolo

    5 ай бұрын

    So true!! That one kinda hurt!

  • @CapitalJ25
    @CapitalJ255 ай бұрын

    This was so poignant! Becky, you were so sweet and gentle with him--it was really, really moving!! I'm sorry for your loss. God bless Charlie and his family and you and your family. May your holiday season and New Year be filled with all of the best of life!!

  • @paultomori
    @paultomori5 ай бұрын

    Becky Quick has provided extraordinary coverage of Munger and Buffett for years. One can see there was a high level of mutual respect there. Thank you, Becky.

  • @jonjurgovan1454
    @jonjurgovan14545 ай бұрын

    Becky has always been a great moderator and interviewer of Charlie and Warren. Nice to see her break her professional objectivity as a journalist and show her clear admiration and sorrow for the passing of Charlie.

  • @arianbehnami1050

    @arianbehnami1050

    5 ай бұрын

    You could see at one point she seemed to be trying very hard not to cry

  • @mflindustries

    @mflindustries

    5 ай бұрын

    I think Charlie’s greatest wealth was shown when Becky said he was her friend. He bettered my life & thoughts.

  • @RandyVincent808
    @RandyVincent8085 ай бұрын

    *I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

  • @berkymargin4611

    @berkymargin4611

    5 ай бұрын

    Investing in many sources of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.

  • @TheresaDiana12

    @TheresaDiana12

    5 ай бұрын

    It's really not easy trading this market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky

  • @angelobonomi7227

    @angelobonomi7227

    5 ай бұрын

    wanted to trade, but | got discouraged with the market price fluctuations~>

  • @JohnMichael007

    @JohnMichael007

    5 ай бұрын

    Trading under the guidance of a professional is the best strategy for beginners.

  • @LanceMclendon

    @LanceMclendon

    5 ай бұрын

    I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Bitcoin and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

  • @trepan4944
    @trepan49445 ай бұрын

    RIP to a Legend and my heart goes out to Becky. She knew Charlie so well, I'm sure she is taking this harder then she lets on.

  • @amethyst4444

    @amethyst4444

    5 ай бұрын

    Yes definitely 😢😢😢

  • @jakestuckey3130
    @jakestuckey31305 ай бұрын

    The man never lost his mind even at that age, wish we could all go out that way

  • @Fj8282haha

    @Fj8282haha

    5 ай бұрын

    Remember Charlie’s teaching; keep on learning !that’s how you get there

  • @chrislastnam6822

    @chrislastnam6822

    5 ай бұрын

    ​I think he died at home and the interview in the video was with Charlie in his beautiful Pasadena back yard was just two weeks ago. I'll miss his videos.

  • @arianbehnami1050

    @arianbehnami1050

    5 ай бұрын

    They said he died in the hospital but they didn’t say of what. Can’t make assumptions, though when I spoke about this with someone who I know who is a doctor, he said that based on how it was described in the release it could have been a stroke. If this information is updated feel free to correct me as it’s purely speculative

  • @jamalnasir5648

    @jamalnasir5648

    5 ай бұрын

    @@davidphones7290 extend his life? He was not chronically ill. He literally died of old age. What did you want him to do?

  • @davidphones7290

    @davidphones7290

    5 ай бұрын

    @@jamalnasir5648 that’s false. Apparently you haven’t heard.

  • @Driftless_Wanderer
    @Driftless_Wanderer5 ай бұрын

    RIP Charlie. A heartfelt interview, well done.

  • @snorttroll4379

    @snorttroll4379

    5 ай бұрын

    Research Aubrey de Grey

  • @andreasd6857
    @andreasd68575 ай бұрын

    Thank You Charlie for everything you have done for Berkshire! Glad you were so long with us!🤗

  • @wiedermond
    @wiedermond5 ай бұрын

    RIP Mr Charlie Munger. I have the same birth date, only 50 years later and was very much looking forward to celebrating our landmark birthday in the coming new year. I thought he was invincible and immortal somehow. Your teachings in investment and life wisdom will never fade away.

  • @SanghoonOh_3662
    @SanghoonOh_36625 ай бұрын

    A month ago, I found his book at a library, and started reading. Easy to read, simple sentences carrying wisdom of tremendous importance. Couldn't stop reading it. Then I decided to write it down on a paper. Page by page, day by day...what he says on his book was like not from a normal man on Earth. I was enjoying myself, knowing him, reading and listening to him. I am shocked to know ...

  • @kaizenerfolg1297

    @kaizenerfolg1297

    5 ай бұрын

    What's the name of the book please ?

  • @poavao6832

    @poavao6832

    5 ай бұрын

    Title of book please?

  • @SanLouisKid

    @SanLouisKid

    5 ай бұрын

    Not sure if this is the book mentioned but a revised/updated version of Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger is set to release in Kindle format in December 2023. The presale price is currently $9.99. They physical book weight is around 4 or 5 pounds so the digital version will be great for me to reread this fascinating compilation authorized by Charlie himself.

  • @energyideas
    @energyideas5 ай бұрын

    Thanks Becky Quick for covering Charlie Munger and Warren Buffett for all these years. You are a good person to be providing these insights on Charlie today. Ease to his feet.

  • @bartsolari5035

    @bartsolari5035

    5 ай бұрын

    well said

  • @homeontherange733
    @homeontherange7335 ай бұрын

    The world lost a leader, a mentor and friend. Charlie Munger was a very wise man on so many levels. Rest in peace.

  • @dennismorris7573

    @dennismorris7573

    5 ай бұрын

    Well said.

  • @davidhynes

    @davidhynes

    5 ай бұрын

    Just imagine giving 100 million to schools, what a beautiful soul.

  • @appleforever6664

    @appleforever6664

    5 ай бұрын

    Does he get to take his Billions?

  • @chrislastnam6822

    @chrislastnam6822

    5 ай бұрын

    ​@@appleforever6664He has eight children and lots of grandchildren.

  • @appleforever6664

    @appleforever6664

    5 ай бұрын

    @@chrislastnam6822 - And?

  • @mk00744
    @mk007445 ай бұрын

    May his soul rest in peace. He was a great teacher and mentor.

  • @JSIsaiah
    @JSIsaiah5 ай бұрын

    This video made me cry. Thank you for changing my (and many people like me) life for the better, Charlie -- you lived one of the best lives in the history of humanity. R.I.P.

  • @railfeats3523
    @railfeats35235 ай бұрын

    what a quick-witted and multidisciplinary mind! first learned about munger while reading the snowball, then went down the rabbit hole of reading countless articles about him from his witty one-liners to his recommended books ... what a life and legacy, well done, charlie munger, rip now!

  • @dannyfoelber2124
    @dannyfoelber21245 ай бұрын

    His intellect and wry sense of humor player perfectly with Warren Buffett. The ideal partnership, which resonates in every annual shareholder letter and meeting. The love and appreciation for Charlie Munger is next level. He's a great example of wisdom and humor, and the importance of humor when dealing with complicated subjects.

  • @Pawelec801
    @Pawelec8015 ай бұрын

    I discovered Charlie relatively recently. His views and life advice is so simple yet so profound and correct. We are very lucky this man lived when he could have been recorded. Many, including myself, will use and profit from his wisdom long after he is gone. Rest in peace, Charlie.

  • @gilmayer1
    @gilmayer13 ай бұрын

    RIP Charlie 🙏 Thank you for being our teacher and mentor 💙

  • @Maher-ub6vu
    @Maher-ub6vu5 ай бұрын

    Always sad to lose a great American. What an amazing country, we need to appreciate our treasures while they are with us, and try to learn from them after they are gone. R.I.P Mr. Munger. 🙏

  • @MOTV583
    @MOTV5835 ай бұрын

    This is my first time seeing this interview, and hindsight is 20/20, but I've been around a lot of elderly people and people on hospice, etc. Despite his age you could tell he had one foot out the door and didn't expect to see his next birthday. You could also tell he was at peace with himself. R.I.P. to one of the greatest investors and wisest men. Asking Charlie Munger to join him was Warren Buffett's greatest investment.

  • @Halfnatty4882

    @Halfnatty4882

    4 ай бұрын

    I noticed that as well

  • @kevt9189
    @kevt91895 ай бұрын

    Charlie was full of common sense pity there is not more like him in this world

  • @COOLARUL

    @COOLARUL

    5 ай бұрын

    Common sense is a misnomer. It is not very common.

  • @tomiasthexder7673

    @tomiasthexder7673

    5 ай бұрын

    Except his comment around calling covid unvaccinated people stupid….heart failures are up exponentially among vaccinated people.

  • @AngelA-mk5ty

    @AngelA-mk5ty

    5 ай бұрын

    Remember when he payed for a building with only 2 exits and no windows to house university students because i remember

  • @tylertyler82

    @tylertyler82

    5 ай бұрын

    @@tomiasthexder7673citations needed

  • @magicalpodium
    @magicalpodium5 ай бұрын

    Wow. I was just thinking about him today. What a straight shooter. His standards were high. Warren would have never asked for a better partner than Charlie. The man played his role very, very well.

  • @matt79de
    @matt79de5 ай бұрын

    Thanks for bringing in Becky for this. Charlie would have loved it. To Becky: Thank You for all Your wonderful interviews with Charlie.

  • @anakinskywalkerii4350
    @anakinskywalkerii43505 ай бұрын

    What a man! ❤ I was privileged to see him and Warren once at their AGM in Omaha in 2019! I will always remember that experience.

  • @Twitch-oq3ir
    @Twitch-oq3ir5 ай бұрын

    i am honored to have known him! Rest well Legend.

  • @angmabutinginvestor316
    @angmabutinginvestor3165 ай бұрын

    RIP Mr. Munger from Australia...thank you for the teachings🥲

  • @nhacnguyen469
    @nhacnguyen4695 ай бұрын

    Charlie's mind remains in peak form Unbelievable 99 years old

  • @UT48D
    @UT48D5 ай бұрын

    I can see Becky lost a dear friend, such a great loss when friends are so deeply connected intellectually that can have smart conversations.

  • @ST-vs8yb
    @ST-vs8yb5 ай бұрын

    A model, a hero, a guide, thank you Charlie ! 🙏❤

  • @andypicken7848

    @andypicken7848

    5 ай бұрын

    Agreed if you are unable to learn anything good from Charlie then you either know it all or you are incapable of learning. He was a giant of a man

  • @davidmuchina6180
    @davidmuchina61805 ай бұрын

    Invert, invert, invert! It works in music, engineering, business & relationships. Rest in Peace Charlie Munger, Greatest of all time.

  • @500milliondollars

    @500milliondollars

    5 ай бұрын

    What does it mean to invert?

  • @davidmuchina6180

    @davidmuchina6180

    5 ай бұрын

    @@500milliondollars inversion is a mathematical transformation you can perform on an object or scenario(other transformations include eg. rotation, enlargement, translation, transposition etc) In music, you have, say, a major chord (which is the most harmonically stable sound to the ear) and which consists of the notes C,E,G. Inverting this chord simply means rearranging the notes into the other possible forms like C,G,E or E,G,C. Why? Well, this give you much more unique sounds without changing the mathematical properties of the chord itself. What's more important is it opens up the possibility to transition into other chords that share some of those notes creating a smooth harmonic progression in music. In business, the way Charlie put is that the best way for person A to sell a product to person B, is for person A to first invert and become person B, or put themselves in person B's shoes, if you will. Then ask themselves if they would buy what they are selling? It's the golden rule expressed mathematically: Do unto others as you would have the others do unto you. Lack of inversion is the reason we now increasingly have poor quality software full of bloatware, self promotion, concealment of terms and disregard for customer's preferred settings - the kind of behavior you now see with Adobe's "cloud" which intentionally made difficult to uninstall and use offline, or Google chrome's hidden self-upgrades and Microsoft's windows virus-like background updates. It is simply because the manufacturers themselves would never use the very features they are pushing. Same for hardware: Apple's forcing of users to buy unique chargers, Samsung's internal android battery, HP's brittle plastic laptop housings designed to fail(planned obsolescence), Nokia's androids being no longer rootable - all serve to further restrict consumer freedom and right to repair. The psychopaths who work for these companies would never use the very garbage they're selling. They lack empathy, they lack inversion. Hope that explains it.

  • @fhowland

    @fhowland

    5 ай бұрын

    Turn the problem upside down

  • @elvishamilton9308

    @elvishamilton9308

    4 ай бұрын

    ​@@500milliondollars to solve it in reverse direction or view it at different angle.. example, search for thing that invalidate your reasoning, not the one that validate your reasoning, to arrive to a conclusion..

  • @SunnyGoklani9
    @SunnyGoklani95 ай бұрын

    I'm so sad but CNBC - seriously, thank you! for always bringing the sweetest moments from Buffett and Munger to us! Especially, Becky!

  • @subhranshudas8862
    @subhranshudas88625 ай бұрын

    True American Icon. Thank you for the inspiration & wisdom. RIP Charlie

  • @gzero2814
    @gzero28145 ай бұрын

    The truth often hurts, but with truth comes a freedom. This is a quality Charlie Munger had. Great interview Becky.

  • @bigc2626
    @bigc26265 ай бұрын

    Must be surreal to be at that age in life and even though you’re not suffering from disease or illness, you know death is imminent. I hope he rests in peace.

  • @victorblock3421
    @victorblock34215 ай бұрын

    Becky lost her uncle Charlie today. She truly loved him.

  • @888strummer

    @888strummer

    5 ай бұрын

    I feel very bad for her because you could see how sad she was in this segment as she held back tears. I like how she ended the segment by saying he was a kind and decent man; which is really what matters most

  • @victorblock3421

    @victorblock3421

    5 ай бұрын

    @@888strummer Yes, he suffered greatly early on with a divorce and his son dying of cancer. It nearly destroyed him but he pushed ahead, remarried and had 8 kids total. He loved them enough not to destroy them with money. He was a true simple family man. It's a testament to his greatness. From afar, even I look to him as a father. How can anyone not love this man? It was easy to see how she grew to love him. He's at rest but his family and close loved ones like Becky must now endure the pain of the loss. I'll really miss the annual meetings with Charlie eating his ice creams bars. Yes, he was a good man.

  • @Harvindersingh-yg5kz
    @Harvindersingh-yg5kz5 ай бұрын

    Old age is pretty damn depressing but the way charlie went through it without losing his soul ,memories , mindset ability to talk like 50 year old is amazing i never saw anybody this sane at over 70 making business decision being calm all the senses working he was an extraordinary man

  • @maalikserebryakov

    @maalikserebryakov

    2 ай бұрын

    Probablt used some of his millions for stem cells and stuff

  • @Teamshmo
    @Teamshmo5 ай бұрын

    Charlie is definitely a legend and I am happy he did so many interviews as we will have his knowledge through clips forever

  • @martinhadinata1611
    @martinhadinata16115 ай бұрын

    Absolutely, A life well lived. RIP Mr. Charlie Munger Thankyou for the guidance and wisdom 🙏🙌😇

  • @georgesotiriou7051
    @georgesotiriou70515 ай бұрын

    We learned a lot from Charlie. It's sad when one of your mentors dies. Charlie will be remembered for his wit and wisdom. A rational machine. A truly extraordinary life.

  • @restoreamerica1558
    @restoreamerica15585 ай бұрын

    The great equalizer, growing old! Seems crazy to hear him say how much more energetic he was at 96! Charlie was just 4 years older then my father & still lived 20 years longer. It pains me to see us losing the real great people of his generation. The amount he accomplished in his life and how he carried himself is a testament to the greats of his time. Their seems to be so few up and coming examples going forward. Losing these guys and their life’s experiences are always a great loss in lessons in life. I still think of all the knowledge my father tried to pass to his know it all son and how right he really was!

  • @dougm659
    @dougm6595 ай бұрын

    What a life and what a career…..it’s going to be fascinating to see whether his description of Bitcoin as “rat poison” proves accurate or one of his rare errors….

  • @seanphurley
    @seanphurley5 ай бұрын

    He played a role in the formation of my world view.

  • @electrichorror6642
    @electrichorror66425 ай бұрын

    The interviewer's heart was touched. When he said go out and just go after that tuna. Because im at the age of where i wish i could. Speak the truth people dont give up on god

  • @toddhatcher2527
    @toddhatcher25275 ай бұрын

    His contribution was major. Always a pleasure to listen to. Not many people can say that others want to hear them speak 😂.

  • @GruncleJohn
    @GruncleJohn5 ай бұрын

    Always enjoyed Becky's interviews with Warren and Charlie.

  • @booneguy
    @booneguy2 ай бұрын

    That's one of the biggest regrets to me to not having a chance to attend the annual meetings of any such where Charlie was speaking. He has taught me so much through his books and speeches. He was the only reason I have learnt so much in so short period of time and then successfully launched my own fund. If a person can convey that much of wisdom even remotely then he's the real genius.

  • @user-wq3hv8mm5o
    @user-wq3hv8mm5o5 ай бұрын

    Nothing more to add! RIP sir

  • @Dave11115
    @Dave111155 ай бұрын

    I remembered Charlie enjoying his peanut brittle candy while his best freind and business partner Warren talk to his shareholders. ❤

  • @waffles1ca
    @waffles1ca5 ай бұрын

    Mister Munger was an absolute gift to the business community and the community at large, condolences to Mister Buffett and Mister Mungers family and friends. RIP

  • @jonnovember2136
    @jonnovember21365 ай бұрын

    Down to earth guy🤗... Remind me of my maternal grandfather when he was around... 🌎💘💰

  • @shengwu6044
    @shengwu60445 ай бұрын

    Great man. Learn so much; money is not everything...the man is.

  • @marcrestivo7459
    @marcrestivo74595 ай бұрын

    Loved Becky's reminiscence, and he was kind. I remember reading that Charlie Munger once read an article in a magazine that he appreciated and learned so much from, that he sent the journalist who wrote it a $20,000 check. His reasoning: journalists typically don't make much, and the ideas he gleaned from the article were very actionable. RIP Charlie...

  • @jo1948

    @jo1948

    5 ай бұрын

    would love to be able to read that article

  • @dbsteve3152
    @dbsteve31525 ай бұрын

    "I'm right and you're smart! But sooner or later you're gonna see that I'm right". Charles T Munger. #Wegivethanks.💐

  • @RichDavisTV_
    @RichDavisTV_4 ай бұрын

    Up dat sco @CNBC Television for Detroit very humble

  • @gtesh
    @gtesh4 ай бұрын

    I rarely comment on videos. The respect I have for Charlie Munger is such that reading all of the comments here, I feel a sense of belonging with all of you who feel the same way about him. Wish there were a way to keep in touch with you guys and exchange ideas on carrying his legacy forward in our own small ways.

  • @shanghaiffgg
    @shanghaiffgg5 ай бұрын

    Becky was so human and caring in this interview, I always liked her and this clip solidified it. I really get a sense that she will genuinely miss old grumpy Charlie.

  • @lordgeneral5345
    @lordgeneral53455 ай бұрын

    Who would have thought he would rest not having lived his dream to catch a 200 lb tuna. Money can’t buy everything and it won’t pursue deep seated dreams - felt him there. Still giving lessons to us from the other side. RIP Charlie - legend for many.

  • @SuperRockstar007

    @SuperRockstar007

    5 ай бұрын

    I wonder so offer most of our dreams are experiences and not materialistic things to acquire

  • @Smallwood-pw1mm
    @Smallwood-pw1mm5 ай бұрын

    What a legend. I watched so much of his interviews and speeches. He’s always get a mind sharp as ever. It gives me a sense this man would live forever (maybe he is in a sense or another).

  • @diseasefire
    @diseasefire5 ай бұрын

    You are probably not going to read this Becky but i just wanted to say i`m sorry for your loss as you were clearly a good friend of him and you have been for many years. We are all going to miss him so much

  • @johnhatfield8366
    @johnhatfield83665 ай бұрын

    RIP MR.MUNGER A true and honest icon.

  • @ronmcdiarmid7653
    @ronmcdiarmid76535 ай бұрын

    Great information Paul. Hope you & family are well & happy.....GO CARDANO....!!

  • @samlyons6408
    @samlyons64085 ай бұрын

    Sharp as a tack until he passed! Thank you for all your wisdom Charlie! His to the point, thought out rational views benefited the world. RIP

  • @noahway13
    @noahway135 ай бұрын

    I'm middle aged, but I am realizing that old age is a way to mentally prepare you for death--- The aches and pains, and loss of energy and desire. They say, You only live once (Go for it!) I think it is better to say, You are only young once. Get out and do what you can while you are still vital and healthy. Get out and do something crazy and make some memories to think about when you are old.

  • @chrislastnam6822

    @chrislastnam6822

    5 ай бұрын

    Charlie Munger was working hard and contributing to society at 99 as have several people in my family.

  • @VanderlayLux
    @VanderlayLux5 ай бұрын

    Becky Quick is brilliant. Warren Buffett and Charlie Munger insist on her doing their interviews because they rank her so highly. They are correct. She is a fantastic journalist.

  • @angelajagers5680
    @angelajagers56805 ай бұрын

    We share a birthday ❤ Rest in peace to a legend 🙏🏽

  • @investingwithkendrick
    @investingwithkendrick5 ай бұрын

    RIP Charlie Munger this hits different because i made a video about him 26 days ago. He will be missed 😢🕊🕊

  • @roystondsouza577
    @roystondsouza5775 ай бұрын

    Rest in peace Mr. Munger. Thank you for your trove of wisdom and insight that you shared through your books and talks. You will be missed.

  • @craigcreationz
    @craigcreationz2 ай бұрын

    Life....he definitely lived it. My generation barely makes it past 60. Smh.

  • @AndyK665
    @AndyK6655 ай бұрын

    RIP Charlie. The grandfather I never had.

  • @peterincork3121
    @peterincork31215 ай бұрын

    Would that we all be remembered as kind. Lovely piece.

  • @ToRung
    @ToRung5 ай бұрын

    Success is based on your own efforts. Never give up ❤😘🌹 Have a good day 💖💞 ✌🥰

  • @ArmWrestling2022
    @ArmWrestling20225 ай бұрын

    😊Lucky him! I hope for the same headline when I make it to be 100 years old. People can say and comment "lucky him" to me.🤗

  • @dennismorris7573
    @dennismorris75735 ай бұрын

    So very fitting for journalist Becky Quick to speak on this fine man, lawyer, and investor on his passing.

  • @wordp3310
    @wordp33105 ай бұрын

    Rip to a true legend 🙏

  • @Thechosensobe

    @Thechosensobe

    5 ай бұрын

    Bored ape

  • @alleniverson3788
    @alleniverson37885 ай бұрын

    RIP Charlie Munger, it was a pleasure listen to your advices

  • @MartinLovalt
    @MartinLovalt5 ай бұрын

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Michelle Stewart

  • @DougHanes

    @DougHanes

    5 ай бұрын

    wow.. amazing to see others who trade with Mrs Michelle Stewart, i'm currently on my 5th trade with her and my portfolio has grown tremendously.

  • @LucyNicole866

    @LucyNicole866

    5 ай бұрын

    I invest with Mrs Michelle Stewart too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.

  • @BryanWilliams-ji9gn

    @BryanWilliams-ji9gn

    5 ай бұрын

    this is not the first time i am hearing of Mrs Michelle Stewart and her exploits in the trading world but i have no idea how to reach her.

  • @JohnMitzewich-

    @JohnMitzewich-

    5 ай бұрын

    As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.

  • @evelynjohnson9115

    @evelynjohnson9115

    5 ай бұрын

    With the consistent weekly profits I'm getting investing with Mrs Stewart, there's no doubt she is the most reliable in the market. such a genius

  • @sroher1
    @sroher15 ай бұрын

    He was amazing in his wisdom, especially his advice on the importance of never indulging in envy, and in the importance of learning how to learn.

  • @leksa3459
    @leksa34595 ай бұрын

    That tuna line hit home, no matter how much money no matter how important work is. “Make time for life before life says it’s time for you”.

  • @crazypato3752

    @crazypato3752

    5 ай бұрын

    Time stamp?

  • @Javier_Rodri
    @Javier_Rodri5 ай бұрын

    I’m a dividend investor, My wife and I have invested in the S&P500, both through my TSP with the government, and through fidelity in her 401-k. Cashed out 270k from the S&P and invested with a Financial adviser, Monica Mary Strigle. Until around 3 years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of this month at 62, while my wife will retire next year at 60. We currently have 3.7 million in our tax deferred savings. I am putting this out there for anyone looking for how to help themselves in this time of crisis.

  • @benalfredo

    @benalfredo

    5 ай бұрын

    Thanks i really needed to see this, would do a research on the name you mentioned

  • @errolm8313

    @errolm8313

    5 ай бұрын

    Scam scam scammer alert!

  • @sammyfbaebee1
    @sammyfbaebee14 ай бұрын

    Absolutely love how humble he is. Do what is best for your children ❤. #YouChoose

  • @abhisheksaini2501
    @abhisheksaini25015 ай бұрын

    RIP Mr. Munger. Have always been inspirational. There will always be a void without your words of wisdom!

  • @VijayRudra
    @VijayRudra5 ай бұрын

    Beccy, I hope you’re managing well. He will be missed. Time heals all wounds.

  • @francof7154
    @francof71545 ай бұрын

    Rest is peace Mr Munger. Thanks for all your wisdom

  • @ConnorMiller417
    @ConnorMiller4175 ай бұрын

    Charlie Munger was a wonderful human being. His teachings helped so many people and he shined a bright light in this dark world. He will be truly missed. RIP Charlie ❤