Warren Buffett and Charlie Munger on how to avoid mistakes in life and business

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  • Опубликовано: 14 ноя 2024

Комментарии • 99

  • @Nickgyw6
    @Nickgyw6 Год назад +22

    Great advice Warren, thank you. Money isn't everything. Be a good person, work hard, focus on learning and growing everyday, and stay consistent in your values. Save more than you spend, live modestly, and enjoy your family and friends, focus on fun experiences, doing hobbies you enjoy, helping others, spiritual fulfillment, and not material things, and avoid toxic people. If you're failing at something, recognize it quickly, fail fast and then change direction.

    • @Polimuni
      @Polimuni Год назад

      mmm... no thanks.

  • @mikedsayre
    @mikedsayre Год назад +24

    Love listening to these two guys. You have to lose fear, pride, and greed, to remove the toxic anything out of your life.

    • @AverageAngel
      @AverageAngel Год назад +2

      Really difficult to do, especially with so many people walking around in pride. I think pride is the most difficult to get rid of of those 3. Pride leads to the fall

  • @rynes.rai7er993
    @rynes.rai7er993 Год назад +23

    "Write your obituary and try to figure out how to live up to it." - That is some ****really**** good advice!!! Will do Mr. Buffet!!!

  • @cjljianlang8240
    @cjljianlang8240 Год назад +6

    4:12 Avoid Toxic People And Toxic Activity
    4:44 You Need To Know How People Could Manipulate Other People And You Need To Resist The Temptation To Do It Yourself-Control Someone To Own's Advantage Unfairly Or Dishonestly
    4:53 The Toxic People-Very Unpleasant Or Too Bad To Be Accepted Causing A Lot Of Harm And Unhappiness Over A Long Period Of Time
    4:58 Who Are Trying To Fool-To Trick Someone Or Make Someone Appear Stupid In Some Way
    5:01 Or Lie-To Persuade Someone That Something False Is The Truth Or To Keep The Truth Hidden From Someone For Advantage
    5:02 Who Aren't Reliable In Meeting Their Commitments-If You Want To Help India The Question You Should Ask Is Whats Doing The Most Damage Automatically In Life Sloth And Unreliability
    5:05 The Great Lesson Of Life Is
    5:07 Get Them The Hell Out Of Your Life
    5:10 And Do It Fast Do It Fast

  • @nuckolus1193
    @nuckolus1193 Год назад +11

    Charlie Munger is so amazing. So much respect for a man at this age.

    • @Veronica.A.
      @Veronica.A. Год назад +1

      Yeah he is nothing short of a miracle. He is almost 100 and still going strong.

  • @Rohit0029-v1p
    @Rohit0029-v1p Год назад +13

    99 yrs age and still good health

  • @MariaHowell-lj4cf
    @MariaHowell-lj4cf 11 месяцев назад +19

    The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

    • @laszlopatrick
      @laszlopatrick 11 месяцев назад

      The stock market rally run is gone, but I'm not
      sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.

    • @gabrieljules2424
      @gabrieljules2424 11 месяцев назад

      Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

    • @SelimOrdu
      @SelimOrdu 11 месяцев назад

      the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

    • @LisaDonnel
      @LisaDonnel 11 месяцев назад

      ​@@SelimOrduIs this a good time to buy stocks? I know everyone is saying we are in the bull market and all, but obviously there are strategies to maneuver when there is a bear market but these strategies doesn't come common to the average folk, I'm attempting to create a portfolio for me and my children that will at least be $1.2m in value.

    • @simonfrederic2762
      @simonfrederic2762 11 месяцев назад

      Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

  • @fino7561
    @fino7561 Год назад +1

    "You need to know how people manipulate other people and then resist the temptation to do it yourself." - words of life.

  • @AverageAngel
    @AverageAngel Год назад +11

    I wish I knew the lesson of once you know someone is toxic, to get them out of your life fast spoken by Charlie Munger earlier

  • @dhfyfuejejne
    @dhfyfuejejne Год назад

    Respect for Warren Buffett and Charile Munger. Thank you in my life. Please stay forever around us.

  • @dariusdoodoo
    @dariusdoodoo Год назад +1

    I wish these two men could live forever

  • @lailaalfaddil7389
    @lailaalfaddil7389 Год назад +9

    This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

    • @susannnico
      @susannnico Год назад

      It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.

    • @lailaalfaddil7389
      @lailaalfaddil7389 Год назад

      *ROCHELLE DUNGCA-SCHREIBER* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

    • @susannnico
      @susannnico Год назад

      God bless you for sharing!

  • @NewYork7914
    @NewYork7914 Год назад +13

    God bless these two guru 🙏

    • @chuckeelhart1746
      @chuckeelhart1746 Год назад

      God? Which one? Humans claim more than 3000.

    • @Veronica.A.
      @Veronica.A. Год назад +1

      They both are above 90 years old, so they're not only wealthy but long living too. How else can they be blessed?😂

  • @vietnammg
    @vietnammg Год назад +2

    People praise Warren Buffet, but they often forget the real architect of Berkshire’s investment strategy is Charlie Munger.

  • @raindogs451
    @raindogs451 Год назад +1

    Nowhere in life are children greater placed into roles as props by their parents as BH shareholder meetings.

  • @shankarbalakrishnan2360
    @shankarbalakrishnan2360 4 месяца назад

    I have been watching u have been of no help warren ❤❤

  • @danieladekunle1952
    @danieladekunle1952 Год назад +10

    Hey guys, I don't know anything about investment or crypto , and I'm looking forward to invest, any help? Or who can I reach out to?

    • @olympiaweitze7567
      @olympiaweitze7567 Год назад

      That's true, Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RUclips

    • @donaldwisdom3058
      @donaldwisdom3058 Год назад +1

      down from its all time high has had the market and everyone in a panic in the past week. However, not everyone has seen it as a bad omen. The digital asset's price had gone down below

    • @favourukandu3261
      @favourukandu3261 Год назад

      Most times it amazes me greatly the way I move from an average lifestyle to earning over 70k per month, utter shock is the word, I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus

    • @danieladekunle1952
      @danieladekunle1952 Год назад

      Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

    • @favourukandu3261
      @favourukandu3261 Год назад

      Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits no my investment since I started trading with Mr James.

  • @vineetgera9212
    @vineetgera9212 Год назад +1

    The plural features of freedom

  • @thelammas8283
    @thelammas8283 Год назад

    They are the best in the world at long term investment. Interesting how that halo effect carries over to their advice on life.

  • @w2385-i2s
    @w2385-i2s Год назад +3

    If the government listen to them, they don't have to keep raising the debt ceiling.

  • @phillipsturgill
    @phillipsturgill Год назад

    Buffet's age definitely starting to effect speech..clarity..

  • @KonstantyK-fq3pm
    @KonstantyK-fq3pm Год назад

    That's it. It is essential

  • @KonstantyK-fq3pm
    @KonstantyK-fq3pm Год назад

    God bless us all

  • @gregward7255
    @gregward7255 Год назад

    Excellent advice!!!

  • @kzweymar
    @kzweymar 8 месяцев назад

    Mentioning Toxic People all the way to the end... clearly one issue that never goes away and requires constant attention.

  • @alexmoreno78
    @alexmoreno78 Год назад +4

    …and do it fast!

  • @raqueldominguez7834
    @raqueldominguez7834 Год назад +1

    Wuarren y Charlie dos hombre marabillosos
    Unidos por el destino
    Espero que la vida les siga cocediendo momentos hermosos
    Lleno de amor, salud,alegrías y esas cosa narabillosas que hacen momentos únicos en el día día de cada uno de ellos
    Un abracito y muchos besitos
    Espero que lo sientan ahí va 😚
    😘🥀

  • @alexbouvier6455
    @alexbouvier6455 Год назад

    You should write your obituary and and try and figure out how to live up to it

  • @dfjpr
    @dfjpr Год назад +1

    Is warren available for sale ? But Charlie is marked to model. Looks like his bid is 2 bottles of water and a can of coke.

  • @gracesdonny1532
    @gracesdonny1532 Год назад +1

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

  • @markaraullo4087
    @markaraullo4087 Год назад

    LEGENDS OF OMAHA

  • @glitterandsudsasmr7130
    @glitterandsudsasmr7130 Год назад +1

    #lifeadvice

  • @SGWinstar8844
    @SGWinstar8844 Год назад

    😀👍🏽 ❤

  • @DJVJJay
    @DJVJJay Год назад +4

    I'm the one guy booing in the background after Charlie Munger stood by his comments about forced mandatory covid 19 vaccinations. I think if Charlie stands by that he should have mandatory gastric bypass surgery forced on him. At least I made Warren and Becky laugh. 2:40

    • @k.t.5405
      @k.t.5405 Год назад +1

      shaaaadaaap, ya fkn' goof

  • @julyseven808
    @julyseven808 Год назад

    Majority of the small businesses in US fail in first few years. 🤓😙

  • @javerikr
    @javerikr Год назад +1

    How does Warren Buffett avoid making mistakes?

    • @larslover6559
      @larslover6559 Год назад

      look up Charlie Munger. He has alot to say there. He talks about there are so many brilliant people in all fields and that its almost impossible to beat any of them. So instead of trying to be best, he looks on the mistakes other makes and try to avoid their mistakes... It's part of Inversion thinking: which is in his "bag of tricks". Inversion thinking is look on the negative side and then do opposite. Example if you have a business and you want it to succeed. Instead of asking "How should my business grow?" you can ask:" What must I do to go bankrupt and crash the business?" when you come up on all the things that you can do wrong you just invert and do the opposite...

  • @hjp242
    @hjp242 Год назад

    Televi

  • @Racontact
    @Racontact Год назад +3

    these guys depend on consumers making poor decisions

    • @TheFavoriteColors
      @TheFavoriteColors 4 месяца назад

      Guy you had the same options as them, and look at the choices you've made, maybe it's time to look inward instead of outward for all your problems

  • @hahahhehe3095
    @hahahhehe3095 Год назад

    nah i dont believe thats a human... and buffett dosent look too good

  • @jerusavah5001
    @jerusavah5001 Год назад

    Death