Random Dude: "You are like gods to me and I would love to suck some of that biscuit" Charlie Munger : "Eating some of that biscuit "

Munger is more brilliant than he gets credit for. Kid asks a question, Munger gives him a couple of sentences and moves on.

@raymondhansen4482

4 жыл бұрын

K K yeah Warren credits him for making big ideas or complex things into simple sentences

@tomdallas3690

3 жыл бұрын

He gets a lot of credit though. Might be the top thinker in the world.

- Soak up knowledge from mentors and experiences (Timestamp: 1:01) - Maintain curiosity and continuously seek learning opportunities (Timestamp: 1:22) - Recognize what you know and what you don’t (Timestamp: 1:43) - Avoid investments with high potential for loss (Timestamp: 2:43) - Focus on inefficient markets as a young investor (Timestamp: 3:19) - Look for unique opportunities during market crises (Timestamp: 3:57)

Lesson of the video, find a good partner. Buffet have Munger, Jobs have Wozniak

@rivers118

4 жыл бұрын

Who has jeff Bezos got? (I'd actually like to know)

@relaxatic868

4 жыл бұрын

@@rivers118 He had his wife but not anymore

@faizalqorni3611

3 жыл бұрын

@Tom Nguyen yeah and having a moron for a partner like you? Debilitating

@TheKturner05

3 жыл бұрын

@@rivers118 hi ex wife

Is the example at 3:56 "Resolution Trust Corp", the government agency that sold real estate owned by failed S&L banks back in 1991?

@nkanyisotshwete2314

4 жыл бұрын

Donald Lee can anyone elaborate on this on link an article I still don’t understand this

Munger is so much easier to understand because he’s so direct and honest.I can never understand Buffett though, dumb it down warren so us young folks can understand what your trying to say. I can understand his point from this video tho, but in general I don’t

@SH-yk4ft

3 жыл бұрын

He beats around the bush intentionally

"You will have your chance to participate in catastrophes". Here I am participating in the coronavirus catastrophy and realizing the mistakes I did before this crisis and that made lose money when the market dropped. Should have protected myself better against risk.

@ruppedogg

3 жыл бұрын

A lot of people got caught on the back foot during this current outbreak. Tragic circumstances, to be sure. Remember it's just you vs. you yesterday; this is the only real competition to focus on. Sounds like the lessons already are sticking so keep at it. We all could likely do a little more of the 'reading and thinking,' part and maybe we'll get it so we can minimize risk going forward. Much to learn, myself especially. So many different and viable strategies in trading out there. Technically "overweight," in Tech. companies, substantial TSLA bias and long position, slight red in March, currently green. The fed pump is wild, hanging on to the rocket and adding when appropriate. (@Marcos Rippel wouldn't it be 'crypto?' The misspelling/typo lead me to some unfounded concerns about your returns, accuracy, etc. Happy to withdraw critique yet I assume mistakes in comm. propagate to other aspects. I'm all for 1% net in Crypto as hedge but I am behind on reading/mitigating my blindspots surrounding the mechanics. Again, great idea as hedge not so sure about using it as main growth vehicle. Also I'm ignorant in investing so due diligence alert!)

@stankozubenko8520

3 жыл бұрын

@@MarcosRippel Nobody in the financial world takes 1-2 year returns all that seriously

@Shellzero06

Жыл бұрын

@@MarcosRippel how’s your crypto?

@shanishine38

Жыл бұрын

@@Shellzero06 😆

@Ballhawk99

Жыл бұрын

We have another opportunity coming up here soon to buy undervalued businesses

4:54 there won't be any scarcity of opportunities in your lifetime but there's days like you feel there aren't any. Today, after 2 months in quarantine, the SP500 with the same evaluation as pre covid-19 levels. Let's remind ourselves from the intelligent investor, "a stock is not just a ticket symbol or electronic blip; it is an ownership interest is an actual business, with an underlying value that does not depend on it's share price".

@viratchhikara992

4 жыл бұрын

What do you think about hyperinflation? I am seriously concerned about it. So much debt to be repaid, ongoing deficits, money needed to deal with corona. It seems to me that sooner or later governments will print money which will make money worth less. Remember bonds are a promise to recieve currency, so they are risky imo. Also what yeild do I get. What choice do I have other than to hold stocks ? Maybe do what graham described and be 50:50 stocks and cash. It seems so hard. Help me!

@TheKturner05

3 жыл бұрын

@@viratchhikara992 graham suggests holding about 2% precious metals / commodities , would combat hyperinflation

@Spedfree

3 жыл бұрын

Graham Stephan

Best example of the inefficient markets Charlie is talking about would be present day turkey. Some Turkish companies, very few actually, are positively disposed to the inflationary environment and have significant pricing power, and they are CHEAP. Like 60% ROE with P/E of 4 cheap.

@JohnSmith-ms4xd

Жыл бұрын

got a few examples?

@RockyP-xw8rd

Жыл бұрын

@@JohnSmith-ms4xd Reysas Logistik, Dogus Otomotiv, Coca Cola Icecek. Some of these are no longer as cheap as they were 6-12 months ago, but still much cheaper than companies of similar economics / market position / moats in developed markets.

I want to know how this guy's doing now!?

Quem veio pelo Ícaro?

So, offer a private alternative to most gov services?

@uttammishra6377

3 жыл бұрын

Count me in

3:10 to 4:00

3:17

great

Vim pelo pai

Ícaro decarv

@Phenom1840

4 жыл бұрын

me deem dez anos...

3:13 spoken in 2007 boy was he right

bro buffet need to give munge more time to talk. cmon bruh

They didn't answer this fellow's question, he's interested in MASSIVE value creation

What does munger mean by inefficient markets?

@leonardopurba5140

4 жыл бұрын

an inefficient market is one in which an asset's prices do not accurately reflect its true value.

@Knowledge.to_Come

4 жыл бұрын

Leonardo Purba canopy rivers is a cannabis company currently exhibiting those inefficient traits. I mean what Penny stock trades at 40% cash?

@leonardopurba5140

4 жыл бұрын

@@Knowledge.to_Come the easiest Inefficient market investing is net-net investing. Net-net is a value investing technique developed by Benjamin Graham in which a company is valued based solely on its net current assets. Net net focuses on current assets, taking cash and cash equivalents at full value, then reducing accounts receivable for doubtful accounts, and reducing inventories to liquidation values. Net-net value is calculated by deducting total liabilities from the adjusted current assets. When a viable company is identified as a net-net, the analysis focused only on the firm’s current assets and liabilities, without taking other tangible assets or long-term liabilities into account. Advances in financial data collection now allow analysts to quickly access a firm’s entire set of financial statements, ratios, and other benchmarks. Essentially, investing in a net-net was a safe play in the short term because its current assets were worth more than its market price. In a sense, the long-term growth potential and any value from long-term assets are free to an investor in a net-net. Net-net stocks will usually be reassessed by the market and priced closer to true value in the short-term. Long-term, however, net-net stocks can be problematic. This way, you will get much cash flow in short term. This will only work if you have small capital to work with. It's problematic for you if you have big money. If you already have big money, invest like buffet now.

@Frank020

4 жыл бұрын

Yes Leonardo is right. It's an economic term.

@Knowledge.to_Come

4 жыл бұрын

Leonardo Purba I feel like at this price I’m getting a lot of the company for my money. They’ve deployed more capital and have a book value over double current prices

#1fokus #ghostwriter

Huh

Charlie Munger looks the same for 30 years

End of time is only the ky key From Kings and Queen's And everybody wanna rule the world With disgustinf intention Any one??😭😭😭

Monger: "The place to look when you're young is in the inefficient markets" Kanye: ...wtf does that mean, Charlie Monger

they are describing the bitcoin market

@jeanlucbergman479

3 жыл бұрын

I agree

@phrime5627

2 жыл бұрын

Not at all

inefficient market.... meaning the stock market as a whole? LOL

@jamesshkrelivanhoogstraten8040

4 жыл бұрын

nah hes telling us to go into private equity

@finsimple4396

4 жыл бұрын

James Shkreli van Hoogstraten No he isn’t, lol.

@Frank020

4 жыл бұрын

It's an economic term efficient market theory means that the security is properly priced. The opposite may mean it is not.

@benjaminsibson4265

3 жыл бұрын

James Shkreli van Hoogstraten no hes not private markets are much more efficient

@investireocaminho33

2 жыл бұрын

Stock market from sub-developed countries:Russia,Japan,Brasil,etc

I made a crap load of money on a house I bought after the housing market tanked. I’m hoping the same will happen with bitcoin. I don’t see myself getting rich short term in this bull market. I have my 401k but I have a lot of cash on the side and am looking for opportunities.

@Monopolist91

4 жыл бұрын

No, no. Crypto is mainly used for money laundering and a market for rich and dumb people to speculate. By inefficient markets, they're referring to businesses too small for institutions to invest, with little or no analyst coverage. They're talking about obviously misplaced securities. For example, businesses trading below working capital, or less than normalized revenue or gross profit, or a growth rate significantly greater than the PE or EBITDA multiple. That's the sort of thing they're referring to.

@ajayreddy8732

4 жыл бұрын

BTC is best trade ever.

@acrobatmapping

4 жыл бұрын

@@ajayreddy8732 WAS

@AlexXanderMarketing

4 жыл бұрын

Literally no one gives a flying fuck about bitcoin or crypto anymore. It was new and interesting in 2017, but now everyone sees it’s just another scam to line the pockets of the guys at the top who continue to fleece the retail buyers.

@sc9191

4 жыл бұрын

All the retards and sheep believing the mass media bullshit narrative that cryptocurrency is dead? Gtfo out of here just because bitcoin isn't being searched (on the Web) the same way it was when it peaked at 20k.. Name an asset class that has outperformed bitcoin? (this is after the crash from 20k) I respect Buffet but I'm not afraid to call things the way they are = he's wrong and knows nothing about why it will drive demand and utility. Bitcoin went up just about 400% in the the year 2019 alone. Slowly but surely the market and industry is maturing, we have defi (decentralised finance) we have wallet addresses and platforms' user bases growing consistently.. We have Multinational banks pouring billions into R&D. Hell we even have New Zealand making it legal for an employer to pay your wages in cryptocurrency. Buffet was king of the hill for a long time, he's over that hill. He will not live long enough or have enough brain function to see how wrong he will be in a few years. He doesn't care he's had his fun in the sun. Dollar cost average in and play the cycles, or be left behind. Fucking noobs.

Kisah Reiko Darrius Sinatra Tio Pakusadewo Dek Dwk Tata janeeta Camel Lia Malik Jabbar brainface Only the tartcake behind my Situation and how IM bargain Not get angry from Allah Starting faking news becoME Angry in ceritain part of me as NN Noname😭😭😭🙏🙏💚💚

*super important to know 💪🌚*

@samuelstrachan2726

4 жыл бұрын

Stop with you stupid advertising

Am not gonna working for tou guy sure you never paid on my 3d and ba that perjer .

@emmanova9856

4 жыл бұрын

Come again..

Buy Bitcoin before its too late!

@billoddy5637

4 жыл бұрын

Rockstar Trading Shut up Bot!

@EnderViBrittania

4 жыл бұрын

Bill Oddy - You’re the bot. Bitcoin is the future. Already worth $150 billion.

@GT-tj1qg

Жыл бұрын

Buy Rockstar's mom before it's too late!

So funny that Buffet fails to see how extremly more efficient bitcoin is then the traditional bakning system. Truly shows that no one is perfect. Buffet is brilliant but he makes misstakes like anyone else.

@brendan2240

4 жыл бұрын

Lol look up transactions per minute Visa vs Bitcoin

@knmfujiwara

4 жыл бұрын

He's human. But he is correct pertaining to bitcoin. Yes - bitcoin has value. Real value. But the way we earn money via bitcoin is all wrong. We earn money in Bitcoin by buying it at a certain price and sell it at a higher price - that kind of model is full of scams, speculation, and gambling. The better methodology was to use bitcoin in the same way we use currency or coins at its most basic. You earn money via earnings from services in creating one coin. You use bitcoin to purchase assets or sell assets in ways that are not available in the conventional model. In short, you use bitcoin in the same you use currency, in the same way you use farms - utilizing its inherent value and profit from it.

@finsimple4396

4 жыл бұрын

Imagine going to buy a house,or some other large purchase. Would you trust a currency as volatile as Bitcoin to be used in your everyday life? I don’t believe so. It’s also not backed by the government, so there’s not much confidence in the currency. There’s also no way to determine the intrinsic value of the currency. Plus, it’s nowhere near Warren’s circle of competence anyway. He’s a value investor, what financial statements can you read to determine a fair price?

@AlexXanderMarketing

4 жыл бұрын

Too easy to lose bitcoin, send it to the wrong place or get hacked and lose all your money. Research SIM card swapping. Thank me later.

@piousseph6219

4 жыл бұрын

Imagine the presumption it takes to think you're smarter than Warren buffet XD

All the love to you and all the respect ❤️💋