Charlie Munger has an Autographed copy of the Old Testament.

@callous21

4 жыл бұрын

First edition no less. He was there before 1k followers

@ultimategotea

4 жыл бұрын

@@callous21 Not only that, but he and Moses played 9 hole in the middle of the Red Sea.

@djeurdjel1

4 жыл бұрын

They are in the same category as Morgan Freeman.

@oldtimetinfoilhatwearer

4 жыл бұрын

Yeah cause he’s a jew

@ananda_miaoyin

4 жыл бұрын

Shit, Munger SIGNED the Old Testament!

Plot twist: It was buffet himself who wrote this equation in 600BC

@investingtv3262

4 жыл бұрын

he protecc he attacc but most importantly hes old as facc

@squamish4244

4 жыл бұрын

He HAS been around for forever...perhaps literally!!!

@thebabscast5154

4 жыл бұрын

GahHHHhHahahahah

@jessegarcia5492

4 жыл бұрын

Thumb up

@BrianBirdy

4 жыл бұрын

Hahaha haha!!! 🤣🤣🤣

Munger lookin like he's feeding the answers telepathically to Buffett.

@muhammadjunaid4717

4 жыл бұрын

😂😂😂 👍

@richardnokes6438

4 жыл бұрын

Holy Shit... Ur right

@louisnathaniel5424

4 жыл бұрын

Not that far off from the truth. Lol!

@vincentconti3633

4 жыл бұрын

Belly laugh... gracias!

@BrianBirdy

4 жыл бұрын

OMG!! Is that the weed, or is that the funniest shit ever!!?? 😂

Munger is smiling because his bank account is growing while Buffet talks.

@teodumsas4906

4 жыл бұрын

👏

@roake0331

4 жыл бұрын

Nah, He knows a fresh batch of peanut brittle is waiting for him back stage)

@ArjunSingh-so8vl

4 жыл бұрын

Buffet is laughing out loud because he knows that no matter how much he talks or munger smiles, his bank account will always remain bigger.

@honestexpression6393

4 жыл бұрын

@@roake0331 underrated.

@c4p4c1t1v3

4 жыл бұрын

he looks like a fukn chipmunk

How long have these guys been old!?

@DheerajBhaskar

5 жыл бұрын

I think they've always been old.

@servantkingtv2821

5 жыл бұрын

lmao

@stangtrax

5 жыл бұрын

Since 600BC.

@yelp70

5 жыл бұрын

I nearly spat all of my drink on my phone after reading this 😂😂

@greennbean

5 жыл бұрын

It's the dairy queen.

God, to think Warren, and Charlie, are only 26 years old on this video.

@jfhistheone5

4 жыл бұрын

Lmao!!

@willhoward2724

4 жыл бұрын

26? This was only 19 years ago. That would mean that they are 45 today....

@SHx589

4 жыл бұрын

Will Howard I bet you’re real fun at parties.

@valaquenta220

4 жыл бұрын

@@willhoward2724 oof

@nicholasellis4512

4 жыл бұрын

OMFG😂😂😂😂

Having harbored financial concerns throughout my entire adulthood, it's intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.

@VickyAlvy

6 ай бұрын

Since my business's inception, my financial advisor has skillfully managed stock transactions in the dynamic market, leading to substantial portfolio growth exceeding $820k in just over a year.

@Jason9o669

6 ай бұрын

Certainly, it's impressive! I'm genuinely eager to benefit from the expertise of seasoned advisors, especially considering the current challenges my collection is facing. Would you mind sharing the name of the advisor who has been assisting you in navigating these financial complexities?

@VickyAlvy

6 ай бұрын

Stacey Lee Decker ,my advisor possesses extensive qualifications and industry expertise, particularly in portfolio diversity. Her valuable guidance is recommended for navigating financial complexities. Explore her credentials for insights.

Munger is the Three-Eyed Raven of Berkshire Hathaway

@Omnislash2000

5 жыл бұрын

His eyes are white and look at those head movements....

@MarksyS387

5 жыл бұрын

lol

@has78namhg

5 жыл бұрын

The four-eyed raven*

@f_r_e_d

4 жыл бұрын

Tbh he looks like a Pygmy Owl

Is it true that Charlie Munger gets frozen after each of these meetings and then a year later gets reactivated with some water and a stove?

@Maxmaxmax63

4 жыл бұрын

Made me crack up!

@BenQotsa

4 жыл бұрын

yes

@mrbogdanoff9233

4 жыл бұрын

lol

@ronit.pereira7172

3 жыл бұрын

I caught a face muscle laughing to this...

Munger is sleeping or having flashbacks of 600BC, lol.

@manhoosnick

4 жыл бұрын

Hahahaah

@Sfbaytech

4 жыл бұрын

Hilarious

@babblingidiot7903

4 жыл бұрын

Must be a hooker under the table doing her job?

@franklando8239

4 жыл бұрын

Bull Bear Portfolio he’s thinking about boobs and beer

@Kaiju3301

4 жыл бұрын

*fourtunate son plays in background as Munger has ptsd flashbacks to the fall of Constantinople *

Buffet has a way of making everyone feel like they can do what he does.

@peterkortvel

2 жыл бұрын

just like trump

@FloatingWeeds2

2 жыл бұрын

You can. It's not rocket science. I have a really bad memory but I have strong emotional control, don't mind being hated for disagreeing with the crowd, and dispassionately evaluate facts. That's it. Be patient

@Little-bird-told-me

2 жыл бұрын

@@peterkortvel The only difference is that Trump doesn't need to actually, do anything, unlike Buffet who has to show results

@vanesslifeygo

Жыл бұрын

Sometimes even the worst of fools compare themselves to buffet. They say all the things that are easy to say instead of the things that are HARD to say today, as that would make you heroic.

Munger always loks like he is there, but also somewhere else. :)

@Thastor

5 жыл бұрын

:D:D: Charlie is awesome

@rfbftp123

5 жыл бұрын

Rich people get the good meds

@landomillan8813

5 жыл бұрын

He looks like a human robot

@landomillan8813

5 жыл бұрын

Big respect tho

@arnoschmidt2905

5 жыл бұрын

Three-Eyed Raven confirmed?

2:55 is the equation

@charlieharper7

5 жыл бұрын

Buffet missed the whole point of Aesop’s proverb

@hardcorebiker15

5 жыл бұрын

@@charlieharper7 what was the point of the proverb?

@charlieharper7

5 жыл бұрын

Lewis H that having something, even if it is a lesser quantity, is better than taking the chance of losing it in order to attain something else that seems more desirable.

@hardcorebiker15

5 жыл бұрын

@@charlieharper7 cheers

@vtheb1299

3 жыл бұрын

@@charlieharper7 I think Buffet went on to explain very nicely exactly when it's worth giving up the one in the hand. I think Aesop was warning against speculation, so they are on the same page about risk. But true investment ensures safety of the principle and adequate return (quoting Ben Graham). So I think Buffet got it exactly right.

I swear Charlie was getting blown the whole time

@henkondemand

4 жыл бұрын

I thought he was a robot

@babyz7750

4 жыл бұрын

LOL

@kartoffelkamera3442

4 жыл бұрын

@@henkondemand He is

@wmurray003

4 жыл бұрын

He is... that's what happens when you are that riche.

@terencenordberg7482

4 жыл бұрын

GarethNIreland - 👏👏👏 - I haven’t laughed that hard in a while

Charlie looks like Yoda from the original Star Wars lmao

@foxcatcherformerlyfoxblue5759

4 жыл бұрын

Simone Castelli HAHAHA

My favorite line from Mr. Munger is "if you mix turds with raisins they're still turds..".

@simpleinvesting7371

2 жыл бұрын

*You can also watch Buffett and Munger's videos from my channel !*

This clip is from 2000, for those not wanting to read description.

@theredflagisgreen

5 жыл бұрын

@Tim Grosse same until reading description after trying to look up National RV, the answer is still relevant though

@Rombizio

4 жыл бұрын

2000 BC you mean

@mloftin6472

4 жыл бұрын

Oh, so Warren was only 70 years old in this video.

@kevincombes3159

4 жыл бұрын

National RV Holdings went out of business back in November 2007.

@ricochetVendetta

4 жыл бұрын

@@kevincombes3159 NRVHQ if anyone finds a graph for the stock post it. Though this is trading not the hold forever maxim

Jeez i knew buffet was old, but the madman has been investing since 600.BC

@sakakaka4064

3 жыл бұрын

The magic of compound interest

@upfrontspeaker77777

2 жыл бұрын

The magic of insider trading

Charlie Munger grew up in Omaha Neb, worked at Mr. Buffets grandfather grocery store and earned an academic scholarship to U of Michigan, math physics. Mr. Munger left U Mich during WW2 survived and then Harvard Law School accepted Charlie Munger. Mr. Munger graduated from Harvard Law School then moved to Calif and started a Law Practice. Mr. Munger then started an Investment Firm and years later merged with Warren Buffet. Charlie Munger in 2019 is 95 years old and BRILLIANT. The Berkshire Annual Meetings are a Gift for Finance Investment Knowledge but also about living life, Mr. Munger and Mr. Buffet are gifting all of us inapplicable life knowledge with no fee , AMAZING GIFT TO US

@purushottam.investation

4 жыл бұрын

Nicely put !

@sudhirpatil3434

4 жыл бұрын

It is free n as such seems to be less valuable for some-

@altar7885

4 жыл бұрын

Inapplicable? What do you mean?

@given-namesurname5740

4 жыл бұрын

"Inapplicable" means we can't use it

@adamkorekach9936

2 жыл бұрын

If it’s all inapplicable, then what good is it?

What Mr. Buffett really explains is why there are so many more traders than investors.

@learnsomethingneweveryday1539

5 жыл бұрын

interesting comment, please elaborate

@learnsomethingneweveryday1539

5 жыл бұрын

@Dig Byck interesting perception

@michaelh13

5 жыл бұрын

@@learnsomethingneweveryday1539 in addition to Charlie's comments, people trader rather than invest because they don't take into account these ideas that businesses should be weighed wholly rather than just on the price of the stock, or they do realise this but think they can just buy at some discount price, wait to get to its true value, then sell and repeat for any stock. Both of these description are more describing traders rather than investors.

@ezirikeezirike

4 жыл бұрын

Michael Hooper If your read chapter 8 of the intelligent investor it talks about Mr market. Whether you are identified as an investor or trader if you business is being offered for higher than its intrinsic value then it will behoove you to sell.

@michaelh13

4 жыл бұрын

@@ezirikeezirike True, I based my comment from those findings

Fun fact, the company that the audience member asked about and that was experiencing incredible growth would end up going bankrupt in 2007 - lasting only 7 years past this conference

@abitamimbharmal1498

3 жыл бұрын

What company was it?

@rajshaffir8665

2 жыл бұрын

National RV. I haven’t figured out what the stock was trading at in 2000, but it hit 13.50 in 2004 which was a one year high. Then later in 2007 was trading at 3.50 and even went bankrupt

@madmantrader

2 жыл бұрын

That was during the financial crisis

@rexgordon3899

2 жыл бұрын

Thanks for that info. Goes to show you how difficult investing especially in individual names can be. A company can be solid but an extraneous shock can be enough to send it to bankruptcy and change its whole course.

@madmantrader

2 жыл бұрын

@@rexgordon3899 yes, things can change and may be out of the companies control.

Charlie looks the same in 2000 as he does in 2019, he is aging very slowly.. maybe he was born in 600BC lol

@Dave-lr2wo

5 жыл бұрын

it's all that coca cola.

@ajg5138

4 жыл бұрын

Literally 0 financial stress.

@Big-Show1

4 жыл бұрын

Definitely Adrenochrome....

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

@kenanporubsky2122

Жыл бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@lipglosskitten2610

Жыл бұрын

This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Catherine Morrison Evans and everything changed. In in the first quarter of this year i made $370k and counting.

@bob.weaver72

Жыл бұрын

@@lipglosskitten2610 Hello there, please how do i find the lady you just mentioned?

@lipglosskitten2610

Жыл бұрын

@@bob.weaver72 I looked Catherine up out of curiosity and she seem pretty proficient, thanks for sharing

Munger reminiscing of his time in 600bc.. the good old days haha. What a legend

@richardday3136

2 жыл бұрын

100 shares of WHEEL, to the moon!

Pure gold. Old men have all the best advice if we would only listen and not laugh at them !

I admit I was watching charlie the whole time, waiting for him to show some signs of life.

Only Warren Buffett could look at Aesop's work and be like, "I don't think he put enough thought into this."

10 seconds of awkward silence...Buffet: “is that it Charlie?” Lol

National RV went out of business 7 years after this clip was recorded.

@phantomcreamer

6 ай бұрын

Yeah, he talked up trailing PE, big mistake, I wonder what the forward PE was.

I used to watch mr Munger when he is old and not smiling. This clip he seem pleased,look like he’s smiling

@eccomz

5 жыл бұрын

Meds

Man, National RV sounds like a pretty solid company! I’ve got some cash sitting around and have been hoping to find a great company to invest in. I think it would pair well with all of the Blockbuster stock that I own.

@mattstopa9436

4 жыл бұрын

Yeah I'm curious what happened that it was that great and then went bust 2 years later .lol

@MaxwellJWhite

2 жыл бұрын

@@mattstopa9436 it was "undervalued" for a reason

@lesleysears9808

2 жыл бұрын

???

@OffGridInvestor

Жыл бұрын

@@mattstopa9436 it was 7 YEARS later during the GFC because they were probably ALL selling under finance.

@OffGridInvestor

Жыл бұрын

@@MaxwellJWhite maybe. But it was 7 years later during the GFC that it went bankrupt. And MOST RVs are DEPENDENT on being financed. Hint hint.

December 22nd, 2008 National RV went out of Business

@AnyOneButTrump-yw7ij

5 жыл бұрын

scndblj I had a feeling that would happen

@TheJpwzrd

5 жыл бұрын

scndblj I was looking for this

@BlastinRope

4 жыл бұрын

The 2008 mortgage crisis. If people cant even afford their home how are they going to buy rvs?

@AutarchKade

4 жыл бұрын

Lots of years between when this was filmed and then. It even hit a record high in the meantime.

@Synaps4

4 жыл бұрын

And they posted losses for 3 straight years starting the year after this video.

Always so much fun to watch two old men talk about business, after they’ve made more money than all of us put together will, in our entire lifetimes!

He explains this so well. This is also a great answer to why high growth stocks do better in the current low interest rate environment (you can delay profits in favor of growth for a longer time without adverse affect on the present value i.e. you can wait a lot longer for your birds in the bush since the cost of opportunity is lower).

@jackbrady9738

4 жыл бұрын

Exactly why government treasuries need low interest rates to prop up business and jobs.

Reminds me of the two old guys from the Muppets lol

@davidrabbit8868

4 жыл бұрын

🤣

I wonder what George Washington and friends thought when Warren was telling them this story?

They have such an interesting, brilliant relationship. Their relationship magnifies their individual brilliance.

Arranging table while listening question. And than answers "Actually It's very SIMPLE".

Thank you for uploading this short videos where Buffet and Munger are answering questions. It's very mind opening listening their insights.

@The_Financial_Review

5 жыл бұрын

Thank you for taking the time to watch!

National RV went bust in 2008. Gotta laugh.

@rujotheone

5 жыл бұрын

Seems to me it was high margin business(at first) but no moat. Also I suspect the overall market was not growing.

@cletus2941

5 жыл бұрын

@@rujotheone any downturn, those are the first type businesses to go because that's the first expense people cut out....

@masherida

4 жыл бұрын

Priceless

@ashypharaoh8407

4 жыл бұрын

So predictable

@learnsomethingneweveryday1539

4 жыл бұрын

@@W.C. how would an individual apply all this on small scale investments/personal pensions

All Legends. People shouldn’t think they can become a brain surgeon by going to a weekend lecture or buying any single book. In my experience i have been caution in this high risk game and determination is the most important factor here. Investing your money is a financial reaction that leads to great wealth in the future.

@johndeanconway7931

4 жыл бұрын

I’m puffed by your words. You made it clear and simple.

@jadecarson5081

4 жыл бұрын

Ahmet Nuri kedici I agree

@jessicamegan5850

4 жыл бұрын

Ahmet The part about investing is a wise financial movement. I really like it. Do you have any idea to share.

@andrescastillo2043

4 жыл бұрын

Great comment. Not everyone understands the opportunity that comes with information and knowledge about the market. It is good to be a beginner and be guided.

@ahmetnurikedici4291

4 жыл бұрын

jessica megan yeah I do have someone that is well paid at what he does. His remunerative market value is at top notch.

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

@alicebenard5713

7 ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@SophiaBint-wj8wn

7 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?

@Jessicatorres_768

7 ай бұрын

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

@user-cr8nd1sy8e

7 ай бұрын

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

@blessingpaul5484

7 ай бұрын

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

If you watch a bunch of videos from one person, do they become one of the 5 people you spend time with?

@ericmoyna7910

4 жыл бұрын

Stephen Gillie no but they can still be your hero and model.

@snarskistomas

4 жыл бұрын

Yes. You will start thinking the same way dont forget to include Dan Pena

@StringDeposit

4 жыл бұрын

So much food for thought. Such humble and wise characters.

@AnnaLVajda

4 жыл бұрын

What if you don't spend time with even one person and value your own company?

@given-namesurname5740

4 жыл бұрын

@@snarskistomas forget to include Dan Pena

Aesop say's A bird in the hand is worth two in the bush. Buffet acknowledges its a good investment equation but he is always interested in only 2 things 1) What's the interest rate? 2) When you will get it? Case 1: If interest rate is only 5%, but from the bush you will get 2 birds after 5 years, Buffet will trade the bird in the hand because he's not interested in 5% interest and wait for 20 years to double it Case 2: If the interest rate is 20%, he will not trade bird in the hand. Because he will wait for 5 years and double it and will compound it by himself Brilliant !!

National RV company stock mentioned by the audience member went bankrupt 8 years later (in 2008).

@sirbellamo

4 жыл бұрын

SirMo lmao

The guy who asked the question forgot to mention it was a highly leveraged business, as all auto dealers or truck dealers or RV dealers. Solely based on sales and low interest rates.

These 2 legends redefine AGMS to be a moment for governance and teaching class.

Charlie is Zen, he don't waste an ounce of the energy he draws from the universe.💫

Been trying to find out how buffet mathematically measure how to value stocks.. This clip give real examples by thinking in perpetuity! Thank you very much for bringing it out!

What a coincidence: Buffet uses the bird in the bush analogy as a simple response to the reporters question about the company National RV. Bird in the bush highlights how it can be better to have smaller guaranteed gains than risk the chance to get more or nothing at all. The company the reporter mentions illustrates the risk of the birds in the bush flying away: After this interview held in 2000, National RV reached an ATH next year, but went into bear market territory and eventually bankrupt in 2007.

According to motorhome.com: National RV Holdings Inc. shuttered its Perris, California, headquarters and factory on November 30, 2007, and permanently furloughed all of the company’s 600 employees. National RV Inc., which manufactured Class A motorhomes under the names Dolphin, Pacifica, Sea Breeze, Surf Side, Tradewinds and Tropi-Cal, lost more than $80 million in the last five years and its stock was removed recently from the NYSE. National’s Acting Chief Executive Officer Dave Humphreys announced: “We are saddened to let go of our excellent employees, especially so close to the holidays, and even more so because National’s motorhomes have never been better than they are today.”

I agree 100% - I've always said that I'd prefer to be in a bird's bush than taking two in my hand..lol

The two of them are so freakin adorable. Especially Munger.

Charlie and Warren is the greatest bromance in history. The have a better routine than Crosby and Hope or Sinatra and Martin, or even Walhberg and Ferrell.

Thankss man! Your channel is awesome

For anyone interested, National RV did not in anyway present this kind of value in the years following this.

@Johnny-cz2wv

4 жыл бұрын

And why was that?

Boy did these two sure mastered the game of money!

National RV Holdings Inc. shuttered its Perris, California, headquarters and factory on November 30, 2007, and permanently furloughed all of the company’s 600 employees. National RV Inc., which manufactured Class A motorhomes under the names Dolphin, Pacifica, Sea Breeze, Surf Side, Tradewinds and Tropi-Cal, lost more than $80 million in the last five years and its stock was removed recently from the NYSE.

@egor.okhterov

4 жыл бұрын

Are there any details on why did that happen?

@xTheBossRules

4 жыл бұрын

@@egor.okhterov 2008

Totally makes sense, except the phrase is making the point that the birds are in fact in a bush...and are not guaranteed to EVER be in your hand, thus you aught to take the opportunity you have in front of you instead of forgoing it for something that could, but may never, materialize

@paulinedoyle1807

2 жыл бұрын

Finally!

@sauercrowder

2 жыл бұрын

Seriously, this entire speech is built on Buffet misunderstanding a fable.

Munger is like a Buddhist Monk Jedi. A caucasian 'yoda' I guess.

That's Rule of 72. You take a return value/percentage of return you expect and divide it to 72 you get the year(s) in which it should double. Here Bird in hand = two in bush. Thats doubling your money. 5% he mentions and guaranteed in five years thats a grab. As it actually takes 14 years to double your money and he mentions 14% it takes 5 years to double. For 20% it takes 3.6 years to double hence 5 years is a pass. Just a rough approach in calculating things.

The exact opposite meaning of the phrase. It means that having something is more valued than potential things you may never get.

@cae02

4 жыл бұрын

Andrew Irish Listen to him again.... He states that the originator of the quote didn't know about interest rates and the interest rate + projected earnings is the deciding factor of which is more valuable. Also, you're assuming the birds will not leave the bush and an investor is assuming it will

I could have sworn i saw this some where before now im like oh 20 years went by

The secret is that coke he sips on

@ThexXxXxOLOxXxXx

4 жыл бұрын

Yeah hes doctor wont allow him to drink that probably has juice in it or something.

If Berkshire Hathaway was ‘The Thunderbirds’ then Charlie would have to been ‘Brains.’ I can watch and listen to Munger’s 95 years of knowledge all day long.

That title is so OG man, lol

Warren Buffett recites a 600 B.C. investment equation that he wrote

Why was it great to see these two gentlemen together?

9:22-9:30 is where Charlie describes investment strategies that are different from the duo’s approach.

Charlie's a man of few words

When was this ?

The main points are divided return vs. interest a savings account might yield.Factoring in yearly inflation. Sometimes a savings account returns a zero return due to inflation.

I love how Warren laughs like Seth Rogen.

Why am I seeing two ads to start the video? Maybe less people would use ad blockers if ads weren't so excessive.

@Tizxxx

5 жыл бұрын

That's what they want.. don't give in, don't buy it. Just don't watch the videos that chose to put two ads in the beginning and charts will show the content creators that the strategy of ads before content doesn't pay out and will decide not to lose views and change their ways.

@nightman365

5 жыл бұрын

@@Tizxxx Does the content creator get to control that? I assumed the creator's choose to allow ads and Google chooses which ads (and how many) to show.

@Tizxxx

5 жыл бұрын

Not completely sure but I would believe they control it based on the timing of some ads.. (just before the major details of the videos or where normal commercial breaks would be if you're watching a daily news show) I wouldn't think KZread watches the video and decides to place them in such calculated points of videos. So I'm not knowledged on this but given my observations that is what I have concluded.

@ufffd

4 жыл бұрын

To pay for KZread

@visibleconfucionez3938

4 жыл бұрын

You're actually paying for the ads when you use an adblocker

What happened to National RV? The stock got delisted in 2007 after apparently losing 80 million dollars the last 5 consecutive years.

the only thing about the primer which was more clear was when will you get those birds!!! The million dollar question

The guy asking the questions was filling in his homework as they answered

I like how they are both still alive. Is a competition on who is going to stay alive the longest. Hope you both make it to 125 and still sharp as a knife.

Not sure I follow Warren’s analogy here. “A bird in the hand is worth two in the bush” to me means: what you already have in your possession is worth more than the thing you don’t have in your possession, since you don’t have to take any risk to go out and get it. (By hunting in a bush, or whatever the situation.) I think as a moral lesson it means that sometimes it’s better to keep what you have and be satisfied. I guess you also could see it as conservative investment advice, i.e., sometimes it’s better to preserve your capital rather than risk it for something more.

@HAZE3047

4 жыл бұрын

If the utility of the bird in your hand is greater to you than the risk and utility of the x amount of birds in the bush, then you would not want to invest. So the way you view the meaning is still accurate, A decision not to invest, is still and investment decision. Now, on to the next bush, make that decision again. Is the bird in your hand worth more than what you think may be in the bush? If yes, then move on, if not, maybe you should invest your time and money in that bush.

The work "bush" sounds funny after this video clip.

These guys were great in Trading Places.

You'll never find two gentlemen of such humility, intelligence and strength of character.

damn his friend Charlie Munger actally served in world war 2 at age 19. Born: January 1, 1924 (age 96 years), Omaha, Nebraska, United States. thats really somthing to think about. he was born 55years after slavery was banned in USA.

"Is that it Charlie?" : )

National RV was delisted from the NYSE and went out of business in 2007 -- 7 years after this was filmed.

munger looks like an animatronic warren buffett

Thats what my dad says when we go hunting. But of course, we come home empty handed far more than a truck bed thats full. But only brag when it comes back full

I wanna see what happened to National RV the day after this meeting lol 😂🤣😂

An investment equation they learned in their younger years 🙂

Calculate the angular frequency of Charlie Munger's head (simple pendulum)

I spent so much time reading munger comments that i didn't notice that the video had ended!

The proverb is not Aesop’s, but from the Middle Ages. Aesop’s original story “The Kite and the Nightengale” concludes with a different proverb “A hungry stomach has no ear” which means that people desperate for life’s necessities cannot afford to indulge in arts and luxuries.

National RV had only 7 more years left before declaring bankruptcy in 2007.

@Random-xs8dp

3 жыл бұрын

Thanks, was looking for this but didnt find anything

I don’t think that’s what Aesop meant. The moral of the phrase is that of utility, not foresight in value. A bird in the hand is worth 2 in the bush because you already have the bird in your hand, while the two in the bush are out of your control. On this tangent one bird in the hand is probably worth much more than 2 birds in the bush, as I’m sure Aesop would contend, because regardless of how many birds you may know are in the bush, you cannot harness any more value from that multitude of birds uncaught than you can from just the one you already have in hand.

Whole businesses mindset to frame the argument; personally speaking. *Note to self.

Too good to be true usually is. National RV filed for bankruptcy in 2007.

This is also dating back to the Ronald Reagan Era something I grew up in spiritually and literally when's it going to stop when are people going to to start telling the truth what is the particular problem with poverty being a double intelligent nature I believe I answered that question

Instructions unclear, I set free my pet parakeet. Am now sad

@Max-zr7hr

4 жыл бұрын

It's okay mate, soon you'll start getting 16% of two more birds each year for 5 years.

CLASSIC!!!

Did the national RV Idea work? I tried looking but it wasn't clear