Charlie Munger: The 5 Investing Tricks That Made Him a Billionaire

Charlie Munger (Vice Chairman of Berkshire Hathaway) has always attributed his stock market success to a series of mental models and tricks he learnt at a young age. In this video let’s dive into 5 of the psychological tricks that have helped both him and Warren Buffett achieve such resounding outperformance in the field of stock market investing.
Full Interview: • Redlands Forum: Charli...
New Money Clips: / @newmoneyclips5744
If you'd like to try Sharesight, please use my referral link to support the channel! :D
www.sharesight.com/newmoney/?...
(remember you get 4 months free if you sign up to an annual subscription!)
★ ★ SUPPORT NEW MONEY ON PATREON ★ ★
Check it out here ► / newmoney
★ ★ PROFITFUL ★ ★
Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► bit.ly/learntoinvestbundle
Learn to Master Your Tax Return (SPECIAL OFFER) ► bit.ly/3127TdE
★ ★ CONTENTS ★ ★
0:00 Intro
1:08 Invert!
4:24 Know What You Don't Know
7:56 Rational Thinking
10:23 Keep It Simple!
12:23 Read a lot!
#charliemunger #stockmarket
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.

Пікірлер: 572

  • @NewMoneyYouTube
    @NewMoneyYouTube2 жыл бұрын

    I'm hoping to go and see Charlie and Warren at this years' Berkshire AGM. Will any of you guys be there by chance? LMK!

  • @andrewsartproject

    @andrewsartproject

    2 жыл бұрын

    Wow, I would love that but that's challenging for me! Anyway, that's an experience you could tell your grandchildren one day!

  • @benjaminlegeard3190

    @benjaminlegeard3190

    2 жыл бұрын

    Any chance we’ll hear your question from the audience? 👀

  • @richardoneill1656

    @richardoneill1656

    2 жыл бұрын

    I highly recommend you attend. Downtown hotel rooms are booked up, so find a place and book now. After a two year hiatus, it is going to have a party feel to it. My first meeting was in 1999, this will be my 13th annual meeting. Woodstock for Capitalist

  • @accountsequity5587

    @accountsequity5587

    2 жыл бұрын

    Ask him why he thinks he is an architecture and designed a horrendous building for college students.

  • @palestineViper

    @palestineViper

    2 жыл бұрын

    @@accountsequity5587 how to attend? do we need to register or can we just show up?

  • @victoriaabott
    @victoriaabott9 күн бұрын

    As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

  • @kurtKking

    @kurtKking

    9 күн бұрын

    Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

  • @AmithKaury

    @AmithKaury

    9 күн бұрын

    People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

  • @MickyGlover

    @MickyGlover

    9 күн бұрын

    How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

  • @AmithKaury

    @AmithKaury

    9 күн бұрын

    Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.

  • @MickyGlover

    @MickyGlover

    9 күн бұрын

    Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

  • @mollyEmiliano
    @mollyEmiliano15 күн бұрын

    I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

  • @LilianaAgnes

    @LilianaAgnes

    15 күн бұрын

    You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

  • @romeoLucia189

    @romeoLucia189

    15 күн бұрын

    This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

  • @StuDiego613

    @StuDiego613

    15 күн бұрын

    How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

  • @romeoLucia189

    @romeoLucia189

    15 күн бұрын

    Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

  • @cherieElena-vb6il

    @cherieElena-vb6il

    15 күн бұрын

    Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @williamyejun8508
    @williamyejun850815 күн бұрын

    "It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow."

  • @austingraff1881

    @austingraff1881

    15 күн 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 because I invested early ahead this time .

  • @checkforme234

    @checkforme234

    15 күн бұрын

    If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.

  • @jameswood9772

    @jameswood9772

    15 күн бұрын

    How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

  • @checkforme234

    @checkforme234

    15 күн бұрын

    Rachel Sarah Parrish is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

  • @jameswood9772

    @jameswood9772

    15 күн бұрын

    I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @jameswood9772
    @jameswood977223 күн бұрын

    This is amazing. “How to build wealth”

  • @checkforme234

    @checkforme234

    23 күн бұрын

    The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

  • @austingraff1881

    @austingraff1881

    23 күн бұрын

    I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.

  • @jameswood9772

    @jameswood9772

    23 күн бұрын

    hints if you dont mind

  • @austingraff1881

    @austingraff1881

    23 күн бұрын

    Melissa Maureen Ward

  • @jameswood9772

    @jameswood9772

    23 күн бұрын

    found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.

  • @SteveDutton-v
    @SteveDutton-vАй 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.

  • @mikey43221

    @mikey43221

    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.

  • @DavidCovington-st2id

    @DavidCovington-st2id

    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

  • @WillieNickell

    @WillieNickell

    Ай бұрын

    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?

  • @DavidCovington-st2id

    @DavidCovington-st2id

    Ай бұрын

    “Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.

  • @WillieNickell

    @WillieNickell

    Ай бұрын

    Well-done. Vivian Carol Gioia appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.

  • @EricMoore158
    @EricMoore1582 ай бұрын

    Watched the whole video great job my portfolio is diverse, with investment in digital currencies, gold silver, but not as much as I want.would like to add a lot of low cap altcoins too, just not sure how to go about it or where to buy the coins. Diversifying my $420k portfolio across the market to withstand inflation is my goal can you help me?

  • @RhondaLawson014

    @RhondaLawson014

    2 ай бұрын

    Just find quality assets that have long term potential,and ride with those assets. I have found it takes someone who is very familiar with the market to make such good picks

  • @stephenbates6

    @stephenbates6

    2 ай бұрын

    agreed it essential to diversify your portfolio while quality assets are a solid foundation you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $230k grow by 34% since may last year. Try the same , you never know

  • @ThomasJeff066

    @ThomasJeff066

    2 ай бұрын

    ​@@stephenbates6I will love to be your friend dear as well as sharing some ideas which you're benefiting

  • @GideonMitchell17

    @GideonMitchell17

    2 ай бұрын

    Okay but is not luck, is all about having good investment plans most of all trading with a trustworthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put real money you start losing I understand and I passed through it all I'm very happy I'm profitable now

  • @AngelaHunt290

    @AngelaHunt290

    2 ай бұрын

    Hey how good are your earnings I will like to get some insight into trading thank you.

  • @vtheb1299
    @vtheb12992 жыл бұрын

    hi Brandon, I really respect you. Instead of selling "how to be rich" to naive teens, you send the right message: grow your mind. I love it.

  • @antonikuzak3302

    @antonikuzak3302

    2 жыл бұрын

    Lets go Brandon!

  • @mikeyhikes

    @mikeyhikes

    2 жыл бұрын

    AGREE!

  • @geofreyumanger6542

    @geofreyumanger6542

    2 жыл бұрын

    Agree but investment is frustrating over here, lost much

  • @davidhudson3001

    @davidhudson3001

    2 жыл бұрын

    @@geofreyumanger6542 Lookup Christine Lynn Saitta

  • @lezliewhicker8450

    @lezliewhicker8450

    2 жыл бұрын

    I heard she always have a way of linking someone investment into something new and profitable?

  • @Mayor1248
    @Mayor1248Ай бұрын

    PLEASE ADVISE . I was told to spread my savings across different things like stocks and bonds to protect my retirement.with the everything being shaky,I'm considering going into Trade.?

  • @janejane386

    @janejane386

    Ай бұрын

    I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.

  • @maureen...

    @maureen...

    Ай бұрын

    I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

  • @maureen...

    @maureen...

    Ай бұрын

    Kate Floretta in stagram

  • @maureen...

    @maureen...

    Ай бұрын

    Kate Floretta Face book

  • @maureen...

    @maureen...

    Ай бұрын

    She Trade for Celebrities & could Mentor you.

  • @matturner8
    @matturner82 ай бұрын

    Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.

  • @ScottArmstrong12

    @ScottArmstrong12

    2 ай бұрын

    Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

  • @KevinClarke9

    @KevinClarke9

    2 ай бұрын

    True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.

  • @ritalorrigan

    @ritalorrigan

    2 ай бұрын

    Pls can you recommend this particular coach you using their service?

  • @KevinClarke9

    @KevinClarke9

    2 ай бұрын

    Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

  • @ritalorrigan

    @ritalorrigan

    2 ай бұрын

    I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

  • @jsmith108
    @jsmith1088 ай бұрын

    I like that you link to the original interview. Good channel no bs, i like it 😊

  • @stjepanhauser7595
    @stjepanhauser7595 Жыл бұрын

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.,

  • @mathebulamkhize876

    @mathebulamkhize876

    Жыл бұрын

    Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

  • @stjepanhauser7595

    @stjepanhauser7595

    Жыл бұрын

    @@mathebulamkhize876 please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.

  • @mathebulamkhize876

    @mathebulamkhize876

    Жыл бұрын

    @@stjepanhauser7595 My Financial Advisor is *"Jayden Nadav Bishopson"* I found him on a CNBC interview where he was featured and reached out to his afterwards. he has since provide entry and exit points on the securities I focus on. You can look him up online if you care supervision. I basically follow his market moves and haven’t regretted doing so.

  • @stjepanhauser7595

    @stjepanhauser7595

    Жыл бұрын

    @@mathebulamkhize876 I just looked up this person out of curiosity on the Google internet; surprisingly, he seems proficient. I thought this was just some overrated BS, I appreciate this.

  • @donaldlocher2537
    @donaldlocher2537 Жыл бұрын

    Warren said. Anything over 20:1 P:E is a no go. You'll never make it back over inflation with regular market downturns. Fed needs to make the prime at least 5%. "Sin Stocks" ie Alcohol, Tabaco, etc... tend to be the most lucrative. But utility stocks (internet, energy, toll access companies) are the most stable.

  • @walter.dlawson2580

    @walter.dlawson2580

    Жыл бұрын

    In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Susan kay Mack" whose skills in portfolio diversification are unmatched and client-centered.

  • @karolispr5572

    @karolispr5572

    Жыл бұрын

    Ye, except Tesla have P/E of 178 to date and keeps breaking records every year

  • @robertagren9360

    @robertagren9360

    Жыл бұрын

    @@karolispr5572 Tesla as a company has no value. Tesla as a brand has a value. But tesla as a car is less innovative than most car industries.

  • @karolispr5572

    @karolispr5572

    Жыл бұрын

    @@23chnge Be ready to be suprised then 😁

  • @BusinessTipsWithYulianna
    @BusinessTipsWithYulianna2 жыл бұрын

    So happy you posted this! This is definitely something that should be talked about a lot more.

  • @mikeyhikes
    @mikeyhikes2 жыл бұрын

    I just found you this week, and have really enjoyed watching *So.Many.Videos.* I also really appreciate how (like this one) you have brought in some of the timeless truths of these financial greats and helped bring the points being made relevant to the concerns of today. Great stuff.

  • @michaelac7320
    @michaelac7320 Жыл бұрын

    Your videos are so good. I didn’t even know I was interested in this stuff until now.

  • @ataubers
    @ataubers5 ай бұрын

    Thanks for this video and your sound summaries in between the "tricks"!

  • @02dpoirier
    @02dpoirier Жыл бұрын

    Love your videos on these legends. Only thing I would recommend is to put the year of the throwback interviews. Adds more perspective on the longevity

  • @CynthiaByrd648
    @CynthiaByrd648 Жыл бұрын

    Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.

  • @sommersalt88

    @sommersalt88

    Жыл бұрын

    The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.

  • @greekbarrios

    @greekbarrios

    Жыл бұрын

    Interesting. I have a lump money that accomplishes nothing for my bank account, and I'd like to start something with it. You appear to be doing extremely well; how did you do this?

  • @sommersalt88

    @sommersalt88

    Жыл бұрын

    'LISA ELLEN SHAW' is my financial adviser; I discovered her on Bloomberg and instantly searched the web for her name. Thankfully, I discovered her website and emailed her.

  • @greekbarrios

    @greekbarrios

    Жыл бұрын

    Thank you for this tip. it was easy to find your advisėr. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @geraldt331
    @geraldt3317 ай бұрын

    As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated

  • @Tonyham198

    @Tonyham198

    7 ай бұрын

    Well in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or have one guiding you

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    .LEILA SIMOES PINTO. You can easily look her up, she has years of financiaI market experience.

  • @MSportsEngineering
    @MSportsEngineering2 жыл бұрын

    Nicely put together message. Dope set too.

  • @Lisaruthdecker.
    @Lisaruthdecker.6 ай бұрын

    The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $800k over time?

  • @ohioveteran

    @ohioveteran

    6 ай бұрын

    A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

  • @spacecadet6

    @spacecadet6

    6 ай бұрын

    Indeed, that's accurate. I learned this in 2020 when I experienced significant losses. However, since switching to a financial advsor, I've consistently generated at least $98k in returns every month, solidifying my commitment to investing through professional guidance.

  • @emmaarmando

    @emmaarmando

    6 ай бұрын

    @@spacecadet6 That’s impressive, have you always had a financial advsor?

  • @spacecadet6

    @spacecadet6

    6 ай бұрын

    CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.

  • @Madison-Huff

    @Madison-Huff

    6 ай бұрын

    Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @dwaynemyers4929
    @dwaynemyers49292 жыл бұрын

    Great video as always. Love the new set. Gives a great feel of just having a conversation with a friend. Keep up the good work.

  • @aidanfogarty3768
    @aidanfogarty37682 жыл бұрын

    Hi Brandon, Can't get enough Charlie and Warren content. Truly my hero's and they constantly steer me back on track in my life.

  • @serdalkalkan5493
    @serdalkalkan54938 ай бұрын

    Thanks for your valuable videos.Keep up the good work!

  • @anthonyminniti17
    @anthonyminniti173 ай бұрын

    Great vid. Thank you for putting it together

  • @hugoduarte32
    @hugoduarte322 жыл бұрын

    Hi Brandon, thanks for your high quality videos, greetings from Paraguay

  • @TheMcmarins79
    @TheMcmarins79 Жыл бұрын

    good contents❤️👍..thank you

  • @AldoGiovanni-hq8jl
    @AldoGiovanni-hq8jl7 ай бұрын

    I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

  • @CharlesRobert-zc6xc

    @CharlesRobert-zc6xc

    7 ай бұрын

    Well, I think people loss funds because they want to trade on their own without the help of an expert

  • @CharlesRobert-zc6xc

    @CharlesRobert-zc6xc

    7 ай бұрын

    Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.

  • @anthonymclean-oe6wk

    @anthonymclean-oe6wk

    7 ай бұрын

    Expert Emily Jason is really the best person to contact and ask for help in trading without fear of making losses than trading yourself or lossing funds to scammers.

  • @anthonymclean-oe6wk

    @anthonymclean-oe6wk

    7 ай бұрын

    Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere KZread videos.

  • @paulawhite5755

    @paulawhite5755

    7 ай бұрын

    All my experiences with her has been positive,she has a very broad understanding of the market and had made lots of profitable trades for me and my friends. I have never had any issues or negative experiences with her.

  • @mariusmartinsen2064
    @mariusmartinsen20642 жыл бұрын

    Thanks for the video. Like your set up.. Much better than office look 😉👍

  • @benjaminlegeard3190
    @benjaminlegeard31902 жыл бұрын

    I like the more casual set up for this video, it feels like a conversation more than a lecture. Certainly nice for variety.

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Glad you like it!

  • @sashashaikh111

    @sashashaikh111

    2 жыл бұрын

    U read my mind 👍

  • @manemrob1510

    @manemrob1510

    2 жыл бұрын

    I agree 💯 this is a good setup Brandon!

  • @tonicruger
    @tonicruger8 ай бұрын

    I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

  • @kurttSchuster

    @kurttSchuster

    8 ай бұрын

    Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

  • @tonicruger

    @tonicruger

    8 ай бұрын

    How Do I Find this person?

  • @tonicruger

    @tonicruger

    8 ай бұрын

    I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

  • @sterpumihai

    @sterpumihai

    Ай бұрын

    I guess this is a KZread bot error as you missed a couple of replies which give the actual name of this person

  • @lordvader9163

    @lordvader9163

    22 күн бұрын

    Lol

  • @TastyByTaste
    @TastyByTaste2 жыл бұрын

    Loved this.. Learned a LOT!! Thank you!!

  • @lewis809
    @lewis8092 жыл бұрын

    I love your videos, I’m still working my way through your top 5 books now. Keep it up man, peace and love all the way from the U.K. 🇬🇧

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Cheers Lewis! I appreciate the kind words!

  • @sublyme2157
    @sublyme2157 Жыл бұрын

    Thanks for putting this together, it was insightful.

  • @golammostafa307
    @golammostafa3072 жыл бұрын

    Very educative and nice presetTion!

  • @astralscholar659
    @astralscholar6592 жыл бұрын

    The new setup is sick- love the WB art at the back. Thank you, God Bless!

  • @landedge
    @landedge2 жыл бұрын

    Thank you for another great video. Always waiting for your next video

  • @robvendetti
    @robvendetti Жыл бұрын

    Love your channel... appreciate it!

  • @gugacl
    @gugacl2 жыл бұрын

    This youtube channel is a constant learning. Thank you for bringing these powerful tricks up

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Cheers!

  • @jamesd5241
    @jamesd52412 жыл бұрын

    Hey Brandon, just wanted to say. think your dong a really good job on this. your videos will help a lot of people and recently you the videos have become noticeably better. well done

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Thank you! I appreciate the kind words!

  • @riccardoadda3335
    @riccardoadda3335 Жыл бұрын

    Thankyou Brandon im so happy i found a clear explanation of warren’s videos Thank you Riccardo

  • @drewcasper9602
    @drewcasper96022 жыл бұрын

    I love your new look & feel with this setup. Great work, Brandon.

  • @papapickett7267
    @papapickett7267 Жыл бұрын

    This has to be the most under watched, under rated investing video on youtube. Pure gold! Thank you!

  • @alejandrocutshair
    @alejandrocutshair2 жыл бұрын

    new subscriber here. Amazing videos!

  • @starspectrum6454
    @starspectrum6454 Жыл бұрын

    Genius msgs condensed well. Take Care. Congratulations.. 🙏.

  • @jamesberry8736
    @jamesberry87362 жыл бұрын

    Awesome video Brandon! Very insightful and informative, really loving your and your teams work!!

  • @Mojave4ever
    @Mojave4ever2 жыл бұрын

    Nice distillation. Thanks.

  • @ZaynKylo
    @ZaynKylo2 жыл бұрын

    This is an amazing video, love the new studio look 👌 definitely giving me some ideas for my own 👏🏽

  • @Lisa-nu7ne

    @Lisa-nu7ne

    2 жыл бұрын

    😂😂😂

  • @lgood5122
    @lgood5122 Жыл бұрын

    thanks for the video.

  • @sherryie2
    @sherryie211 ай бұрын

    The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

  • @tonicruger

    @tonicruger

    11 ай бұрын

    Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

  • @kurttSchuster

    @kurttSchuster

    11 ай бұрын

    @@tonicruger It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

  • @sherryie2

    @sherryie2

    11 ай бұрын

    @@kurttSchuster how do one get hold of this your coach?

  • @kurttSchuster

    @kurttSchuster

    11 ай бұрын

    @@sherryie2 credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

  • @sherryie2

    @sherryie2

    11 ай бұрын

    @@kurttSchuster I just checked her out and I have sent her an email. I hope she gets back to me soon.

  • @Stewart5225
    @Stewart5225 Жыл бұрын

    Great Video! Thank you

  • @arkogupta3717
    @arkogupta371714 күн бұрын

    Brilliant video with extreme clarity of thought. Thank you

  • @ajayakumarpanda940
    @ajayakumarpanda940 Жыл бұрын

    Very good post

  • @bloodymundi
    @bloodymundi2 жыл бұрын

    Great video as usual 👍

  • @giuseppeo77
    @giuseppeo772 жыл бұрын

    Hi Brandon! It would be nice if you could sum them up (listing the 5 tricks) at the end of your video, just like you have done in the past! Cheers!

  • @P3Alex
    @P3Alex2 жыл бұрын

    Great video. Where did you get that Warren Buffett wall art?

  • @sandro-nigris
    @sandro-nigris2 жыл бұрын

    Very nice video. Concept expressed by the expert and explained/reinforced by you. Great job. And mental models are everything...

  • @Lisa-nu7ne

    @Lisa-nu7ne

    2 жыл бұрын

    😊

  • @allyousaf2712
    @allyousaf27122 жыл бұрын

    Great. Thank You

  • @kilfoil1000
    @kilfoil10002 жыл бұрын

    Charlie Munger is Legendary! He’s shared so much knowledge with the value investing community especially when it comes to ‘avoiding mistakes and not being stupid’, a huge thanks Charlie!

  • @gazetadetransilvania784
    @gazetadetransilvania7842 жыл бұрын

    great vid

  • @financialfreedom925
    @financialfreedom9252 жыл бұрын

    Great content !

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Thanks!

  • @christopherparsons3224
    @christopherparsons3224 Жыл бұрын

    One of the best chess champions that ever lived, practiced inversion, as part of problem solving, just like Munger used for getting rich.

  • @andremooney
    @andremooney2 жыл бұрын

    Hi Brandon, can you make an updated video or short clip which sites you use for numbers, charts etc. i know you made one before but maybe something changed new things got added and old removed or updated. Thank you.

  • @jigarpatel7943
    @jigarpatel79432 жыл бұрын

    one of your best video

  • @chrisaustralianfinance9204
    @chrisaustralianfinance92042 жыл бұрын

    Before I started watching your channel, I knew alot about Warren Buffet but not so much about Charlie Munger. I'm glad you put in so much effort explaining his point of view because I truly think it's unique and an amazing perspective to take on investing and the world. Thank you.

  • @Lisa-nu7ne

    @Lisa-nu7ne

    2 жыл бұрын

    😊

  • @geezeweezebabypls
    @geezeweezebabypls2 жыл бұрын

    Cool vid man

  • @kurtneven6612
    @kurtneven66122 ай бұрын

    Good job ✌️

  • @mm0dk0ur
    @mm0dk0ur Жыл бұрын

    Really super super very useful video, many thanks

  • @DanMinea
    @DanMinea2 жыл бұрын

    Do you have a link to that Charlie Munger interview?

  • @ivailoruikov5558
    @ivailoruikov5558 Жыл бұрын

    Great video, bravo!

  • @patpillai450
    @patpillai4502 жыл бұрын

    Great video. Great content. A summary at the end would be so effective, to seal the lesson, so to speak.

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    Thanks for the feedback Pat! Will do that next time!

  • @derwin.tambunan
    @derwin.tambunan Жыл бұрын

    You are really good young man. Very clear very interesting and very inspiring.

  • @LXBalla4414
    @LXBalla44142 жыл бұрын

    Great content! Keep it up.

  • @Lisa-nu7ne

    @Lisa-nu7ne

    2 жыл бұрын

    👍🏻

  • @Jessicatorres_768
    @Jessicatorres_7689 ай бұрын

    I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

  • @blessingpaul5484

    @blessingpaul5484

    9 ай бұрын

    This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?

  • @PhilSommer2

    @PhilSommer2

    9 ай бұрын

    I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.

  • @Jessicatorres_768

    @Jessicatorres_768

    9 ай бұрын

    I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.

  • @blessingpaul5484

    @blessingpaul5484

    9 ай бұрын

    Oh that will be so nice, Please do you mind referring me to your financial analyst?

  • @Jessicatorres_768

    @Jessicatorres_768

    9 ай бұрын

    I'm working with a consultant named *'Nolan Velden Brent,'* whom I discovered through a CNBC interview where he was featured. After reaching out to him, he has been providing valuable entry and exit points for the securities I focus on. If you're interested in his supervision and expertise, you can look him up online using his name. Following his trade pattern has been a rewarding experience, and I have no regrets about doing so.

  • @wimlyssens478
    @wimlyssens478 Жыл бұрын

    hello, where did you buy the waren buffet portrait please ? thank you!

  • @patrickcrean6040
    @patrickcrean6040 Жыл бұрын

    Damn. This might be one of the best videos I've seen in forever. Liked. Subscribed. And thanks for the excellent work.

  • @motleyd
    @motleyd Жыл бұрын

    Charlie's mental tricks are really helpful! I'm trying to listen every day.

  • @Metal00m
    @Metal00m Жыл бұрын

    Surprised and not at the same time, to hear Charlie Munger quote Kipling's If. Such a great poem for life and one's attitude to it. A favourite of my Grandfather who would be 104 this year.

  • @srinathgunaratne7559
    @srinathgunaratne7559 Жыл бұрын

    Listening to this was able for me to learn a lot. Lifetime learning is the success. Thank you.

  • @andrewsartproject
    @andrewsartproject2 жыл бұрын

    Really great video, plenty of great tips. I'm a big fan of critical thinking and inversion is such a powerful tool!! 🙌

  • @Tlhakxza
    @Tlhakxza2 ай бұрын

    Could you please share tbe link to the video of your Best 5 Books please. Reagrds

  • @maxbronion2288
    @maxbronion22882 жыл бұрын

    Top notch quality

  • @semper1916
    @semper1916 Жыл бұрын

    Great video

  • @ethanmariani5152
    @ethanmariani51522 жыл бұрын

    great financial format, thanks for that

  • @angelocruz4933
    @angelocruz49332 жыл бұрын

    Thank you very useful information❤

  • @johnbruenn8755
    @johnbruenn8755 Жыл бұрын

    Great video! 👏👏 Love Charlie and Warren. Such simple, convention wisdom. Very inspirational.

  • @lilytea3
    @lilytea37 ай бұрын

    0:13: 💡 Charlie Munger's financial success came from applying mental tricks and models to avoid making bad mistakes. 3:20: 📈 Inversion and humility are key concepts for successful investing. 6:49: 🔑 Specialize in a specific area of expertise and be rational in decision-making. 10:11: 💡 Stay focused on the long term and don't panic during sudden market swings, and look for solid and straightforward businesses with great leadership. 13:18: 📚 Reading is a valuable tool for self-education and learning at your own pace. Recap by Tammy AI

  • @rubyviolet6808
    @rubyviolet6808 Жыл бұрын

    If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

  • @colemanjeans5275

    @colemanjeans5275

    Жыл бұрын

    I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.

  • @evelynabigail1507

    @evelynabigail1507

    Жыл бұрын

    Please I need somebody to help me out in trading

  • @stewartprice5924

    @stewartprice5924

    Жыл бұрын

    the market is profiting if you are using a good broker or account manager.

  • @gavinconnor3079

    @gavinconnor3079

    Жыл бұрын

    I'm a living testimony of expert Naomi, she has been trading for me for months now

  • @sanchezbennett2419

    @sanchezbennett2419

    Жыл бұрын

    @@evelynabigail1507 пчелен мед +𝟭𝟯𝟮𝟭𝟯𝟰𝟯𝟰𝟮𝟰𝟲 пчелен мед👍👎

  • @Bruce-Wayne-007
    @Bruce-Wayne-0072 жыл бұрын

    Thanks for your content🙏🙏 biggest fan Warren Buffett and charli Manger..

  • @NewMoneyYouTube

    @NewMoneyYouTube

    2 жыл бұрын

    I love those guys!

  • @Bruce-Wayne-007

    @Bruce-Wayne-007

    2 жыл бұрын

    @@NewMoneyKZread I'm also

  • @satishsfdc1965
    @satishsfdc1965 Жыл бұрын

    Very good video

  • @geoffreygiering9623
    @geoffreygiering9623 Жыл бұрын

    Warren and Charlie are the Kings of the market for now and forever! Great video! Thank you. !

  • @macplastering
    @macplastering Жыл бұрын

    Class video buddy :)

  • @romeopembere8096
    @romeopembere8096 Жыл бұрын

    Which books would you recommend for a beginner in the stock market?

  • @oliviaralston1
    @oliviaralston1 Жыл бұрын

    You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires

  • @dustireller3953

    @dustireller3953

    Жыл бұрын

    Wow thank you for your kind heart, I really find it difficult to trade myself am looking forward to find an Exprt to help me out when I ran into you

  • @aprilclaudette2057

    @aprilclaudette2057

    Жыл бұрын

    You are right. Been thinking of going into gold and cyptocurrency

  • @thylda7877

    @thylda7877

    Жыл бұрын

    It's obvious everyone is doing this online Investment

  • @lucymartin881

    @lucymartin881

    Жыл бұрын

    @@thylda7877 I totally agree with you it has been an eye-opening experience for a lot of people.

  • @ademusiaka7198

    @ademusiaka7198

    Жыл бұрын

    @Julia.c Davis I have also experience her great work too, she is good I can assure you of that

  • @craigmetcalfe1749
    @craigmetcalfe17492 жыл бұрын

    Great Video Guys! Another lesson I learned from Charlie that I thought may have been in the video was "Don't interrupt the compounding process!" If it is the Eighth Wonder of the World, why would you do it? Cheers!

  • @jaisjacob
    @jaisjacob2 жыл бұрын

    Thank you making these videos. you don't even know how many lives you are impacting. Keep up the good work. God bless you.

  • @olingray

    @olingray

    2 жыл бұрын

    I couldn't agree more! I ran into this after listening to Earl Nightingale''s "Strangest Secret" . I couldn't imagine a better pair of videos.... would welcome suggestions of any that measure up to this level of quality! Brandon, you will be handsomely rewarded for presenting this valuable knowledge and pespective. You have done me (and many others I'm sure) a great service. Thank you!

  • @miket2916
    @miket29162 жыл бұрын

    For real, his early videos, were a bit suspect, and hard to tell which direction the channel would take, but Brandon/New Money is good at heart/good stuff... I definitely recommend this channel to any of my friends that are newer to investing

  • @gearsNtools
    @gearsNtools2 жыл бұрын

    the point about reading got me thinking. in college I read about 10-15 books a year for school. I now read about a book a week or 52 a year. even if the books are 1/2 as good as a text book that's a tremendous amount of learning!

  • @FinanceCrystal99
    @FinanceCrystal99Ай бұрын

    This video is truly inspirational! Charlie Munger’s approach to investing, focusing on mental models and inversion, is not only insightful but also incredibly practical. It’s fascinating to see how he applies these concepts beyond the financial sphere into everyday decision-making scenarios. His story about being a weather forecaster and using inversion to avoid disastrous outcomes-by asking how he could potentially "kill" pilots to instead ensure their safety-is a brilliant illustration of this method in action. Munger’s emphasis on knowing the limits of one’s competence and the power of humility in investing is particularly compelling. It's a lesson that many could benefit from, in and outside of investing. His idea that it's better to know a lot about a small area (circle of competence) and specialize in it resonates deeply, especially in today’s world where information overload can lead to analysis paralysis. Moreover, his resilience in the face of market fluctuations, emphasizing rationality and long-term focus, is a crucial takeaway for any investor. His belief in simplicity in business and investment choices, ensuring that even a poorly managed good business can thrive, offers a practical blueprint for choosing investments. Lastly, the lifelong commitment to learning and self-education that Munger advocates is not only inspiring but a fundamental pillar for personal and professional growth. This video doesn’t just teach about investing; it’s a masterclass in critical thinking and decision-making that encourages viewers to think differently and more effectively about problems and opportunities in life. Thank you for such a valuable and thought-provoking video! It's a must-watch for anyone interested in bettering their investing strategies and decision-making skills.