It's amazing to me that people stay awake at night thinking how to get rich, when all you have to do is listen and learn from these two, literally watch every video on both of them and all their annual meetings. It’s free!
Yea that’s what I settled for ultimately. Just buy berk and follow what Buffett bought. It won’t be late to buy after the news hit since he doesn’t buy stocks for 10-20% gains anyway. I mean he’s the best in the world so no reason not to copy.
May God keep this couple with us for long they are a living example of hard honest constructive work, sacrifice, and healthy desirable values they are among my most important references in life
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement.
I love this channel so much. There's more value here than anywhere else on youtube. I don't have time to listen to 8 hours of these guys, so thank you very much for consolidating the highlights.
There is a youtuber who makes a "time saver" edit of each of these meetings to strip out all the fluff/flattery and just hear Buffett & Munger talk. Of course you can go with 2x playback as well on these videos. Probably good to play if only to properly condition one's psyche.
I’m 60 and if I could invest over again starting in 1988 when I first started, I would have invested in a few S&P 500 low fee mutual funds and kept adding to them, along with buying multi family rental properties, and keep buying them whenever possible. I’d be worth at least 10x what I am now. I was the hare, and I got beaten by the tortoise.
Another great video. Great job on selecting the highlight of the meeting. I always come away with learning something from these clips. Refreshing that he and Munger don’t just sit up there and tell everyone just how great they are. They’re not afraid to admit to mistakes and don’t take themselves too seriously.
I think Charlie loves these events just to eat the free candy lol. These guys are almost 200 years old combined and they as sharp today as they were 30 years ago.
Au contraire! You should see his interviews on Yahoo Finance. Essentially, he claims that the shareholder meeting is the only day he eats peanut brittle and drinks coke. It's Warren's idea to have them out there on the table, because "Warren is such a salesman." (a brilliant and effective one, at that)
Hello. I'm actually looking for a good trader that can help me trade and make a good profit, I've been seeing so many recommendations but I don't think they're trusted. Please do you have any recommendations?
It's laughable that ppl with a few million dollars or less asset try to judge Buffett/Munger's way of investing/decision making, saying they're out of touch. It's important to know managing a few million dollars is extremely different than managing hundreds of billions of dollars.
I don't see bill gates, Jamie Dimon or Tim Cook listening to those guys managing millions which called this 2 sage outdated. Those guys just dunno wth they are talking about and with a few millions dollars they think they are superior than warren and Charlie.
They definitely are out of touch and clearly spout incoherent nonsense. I mean who would ask a 98 year old about an emerging technology? You dumb or what?
@@rollynieva7643 Just made my first withdrawal last week and I wasn't happy with myself because I was skeptical which made me invest so law meanwhile I'm on my second trade with her and this time I invested in a big way.
@@joshuaigo3151 Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
i was watching this and left my phone on my belly for a moment. suddenly charlie started talking and his voice was tickling my belly through the speaker
When I invest in oil, I think of being on the rig and my cash buying fuel for a couple days, or solvents/rags, pumps, radiator, crankshaft parts...hoses, centrifuge with solids control contractors, etc Oil & Gas is technical, too. Service provider technology is state-of-the-inclination & azimuth
Enerplus is drilling in North Dakota's Bakken formation (i drilled there back in 2011-13) Enerplus (mkt cap 3.5b) is trading @ 1.5x FCF Exxon (mkt cap 386b) trading @ 10.7x FCF
Few months ago I liquidated my crypto assets worth 27 grand initially was sitting at over triple that amount. But right now I just don't know what the future hold.
@@gregorydennis3409 If you seek my advise, I suggest you get an advisor, We are in a Bear Market currently, meaning declining market. But pro and cons about the bear market is that people are still making profits and losses. This is why an Advisor is a game changer cos they have the experience and losses mean they lose clients and credibility. No pro wants that for themselves. I would recommend Angela Farrington, she's licensed and just two months in and I'm making profits and gaining knowledge.
Re. Timing the markets, these big investors do time the market- but indirectly. They have an army of accountants who value companies constantly and when the market goes up, the companies look expensive and they don’t buy; conversely when markets are down, these companies look cheap and they buy! So they do time the market; foolish to believe otherwise…
For decades, government policy has been borrowing from the future. The day of reckoning is coming. I expect the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, There's going to be no cash in the banks.... You need a survival plan.
To manage investment risk consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline Because investing can be complicated. Consider working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out.
@@hudsonrowan2522 your assertion that as we age we become more risk averse rings so much true to me. Can you recommend any fiduciary Financial Advisor?
@@troypaul5608 'ALEXIS GEORGEANNA HERMAN' does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@@hudsonrowan2522 My previous financial advisor didn't want me to pay off my house (I'm 52 and close to retirement) and talked about lost opportunity and all that. Makes more sense to pay it off and be debt free going into retirement vs the little bit of return I'm going to get in the market. But the way I look at it is they aren't looking out for me as much as they are looking out for more revenue for them by managing a larger portfolio. I guess I'm cynical. I will give ALEXIS a try as i can see she is SEC regulated and has an amazing track record. Appreciate!!
I do not understand anything about Wall Street,but it looks Las Vegas. What I earned with Nasdaq , I lost. Time ago, all big players said= the prices are going down due to an adjustment. Today, it is going to 50% loses. Buy cheap. Who wins? who can lose 2 billions from 100 billions? Who wins on Las Vegas?
Great video! Do you have a link to the full annual meeting? I've searched on CNBC and Yahoo Finance but can only find snippets and not the full thing. Thanks!
thankfully this system is starting to crumble for good in America. I'm an American communists, and we are the future and true system that'll make America prosperous once and for all.
There might be so many investment out there but if profit must be considered which is the actual sole aim of every investment then I'll advice you to go into bitcoin trading because it has a higher profit rate than most investments.
Gotta love the cryptobros desperately trying to convince people that bitcoin is the answer. They need it pumped up so they can make their quick bucks and exit their positions.
@@brandonsanon-jules7223 Except they do. That's why it crashed 50% multiple times recently. Very few people are actually trying to truly invest in bitcoin. You need lower investors to prop it up so a few can make all their money.
@@billr5842 that's true... same with the stock market. People gamble the market instead of truly investing. Selling at a lost instead of patience. As buffet says, "The stock market is a device for transferring money from the impatient to the patient." I believe the same will hold try for legit crypto currencies.
Also maybe the selling(of some is the selling) came from holders that exit some of they positions who bought when it was under 1k of even under 100 dollars. I mean if I 600x or 60x my money, I would exit some of my positions as well.(I'm still hurt that my college teammate mentioned bitcoin to me in 2011 lol and instead of buying it I thought it doesn't make sense 😅, my 278,476% non gain).
Glad someone else caught that, without constant forever bailouts, Buffett would be rich. He'd be jumping out the window. Good riddance, he's a poison pusher
Bin watching buffet an munger since the mid 80s they are a school of knowledge on investing. High schools should be teaching this to kids . So the ones who catch on will make something of themselves instead of nothing.
I think you should clarify what he was actually saying about bitcoin. As I understood, He was pointing out that if he owned all of it, no one else would have it but him…it would be of no value (no one else had or used it). That’s why he was pointing out buying a percentage of farm ground, etc…because many own farm ground and it produces, causing trade…so it would be of value.
I actually think he stated it that way, “If I could buy all the Bitcoin in the world for $25 I wouldn’t do it!” to emphasize his disdain for it. Both he and Munger are fully on record for hating Bitcoin. Munger called it rat poison! Crypto/blockchain technology is the future. Buffett/Munger have built excellent reputations for decades, but unfortunately they’re future reputations will be based on what they’ve said about crypto and how far off base history will show them to be!!
When he talks about bitcoin he says: "There's no more money in the room, it just changed hands.". Isn't that true with farmland and rental properties too? He also says he would like a stable unit of account, and then proceeds to be agains bitcoin. It's astounding.
60 trillion worth of stocks how many people invests in stocks 144 million. Whats are the odds? Same as poker. Sometimes you holdem sometimes you foldem.
I have so much respect for Buffet as an investor because he understands what he invests in. Having said that his view about crypto and Bitcoin is way off. I’m not referring to price because no one knows which way price will go. But he has not done his homework about the technology/blockchain. He should first do a deep dive and then say why the tech doesn’t work. Don’t forget Buffet has said in the past he does not understand technology and is not in his core competencies. Take his advice and invest in what you understand. And at the same time Buffet should follow his own philosophy and advice before commenting on tech that he doesn’t understand. He has admitted in the past that does not know how to email or use a smart phone. Not sure he should give financial advice as to why blockchain doesn’t work. Again perfectly fine to point out risks or issues with something but you need to first learn about it. Tech is not his strong point. Again I’m not saying Bitcoin or blockchain is the best. Just saying study it first and do some research. Ignore the hype. Criticize it after you understand how it works. Than you’ll have valid points which have some weight.
He doesn't need to understand the tech to understand it as an investment. Just like he doesn't understand how to design a smartphone, but he has made some hundreds of billions on Apple. His point on bitcoin is completely correct - buying bitcoin is buying a non-productive asset. That's just it. He NEVER said the technology is useless or anything else - he is just saying that AS AN INVESTMENT it doesn't make sense because it does not produce wealth. From his perspective, if you want to actually invest in the technology, you would invest in MININIG, which is how you actually get paid (from transaction fees). Bear in mind that these the same principles he applies to gold - and he has outperformed gold by a very large margin in the long run.
@@KFGustavo what I meant is he should understand what something is before saying it does or doesn’t work. I don’t mean he needs to know how to read the code. To say it does nothing is incorrect. It does something. It provides a service. Another way to transfer value just like fiat, checks, credit cards, or payment apps like Venmo or PayPal. Thats all. Uber and Airbnb don’t produce anything nor own any taxis or hotels yet they are considered a taxis or hotel companies. If you made no effort into understanding what they do or provide, then you would say people are dumb for investing in them. but they provide a service. They provide a platform for end users. Warren never invested in Microsoft, Apple, Google, Facebook or Netflix in the early days or even when they IPO because as he stated he doesn’t understand what they do or their business model. He invested in Microsoft and Apple pretty recently. He didn’t invest in tech related companies in 90s or 00s. They didn’t “produce” anything. He doesn’t get SaaS types of business models, which is fine he is incredible at understanding other businesses. But my point is at least understand what something is before writing it off. In his investment in Apple he understands what it is they are trying to do before he made his investment which is basic principle when making any investment. We don’t just buy something without knowing what it is or what they do. Also,thank you for a civilized reply. Much appreciated. Most of the time people just attack. I’m just looking to have a convo and share opinions and more importantly i like to understand other view points. So thank you again.
@@oneopinion5231 to add: Warren has said to have never have sent a email(does not know how). He could have invested early into Amazon as he met Jeff Bezos a few times. But said it was a outlandish dream. Same with Elon. He has a Circle of Competence and only invest things that he understands. Anything Tech related your better of getting advice from people like Peter Thiel. Not to discredit Warren and Charlie as there the best within there realm
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Having monitored my portfolio performance which has made a jaw dropping $370,000 from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I'm trading with Expert Mrs Denise Mitchell, a regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously I'm seeing the results
It's not, actually. Bitcoin is just a big pile of nothing much. Gold is an age old asset. One that doesn't just vanish into thin air when 9 teens in a villa on the Bahama's decide to go play with it.
Buffet is a genius, but unfortunately he is wrong about BTC☹️. He does not understand its value, but u can not be always right and understand everything
Investing is not like the old time, they would have not made it in today’s tradings. It is a casino nowadays there is no rhyme or rhythm to this market. Just buy ETF. And hold and pray.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Mrs Paula David, her skills set is exceptional.
You invest with Paula too? Wow that woman has been a blessing to me and my family. Was skeptical at first until i decided to try. Its huge returns are awesome, can't say much.
Trading alone is quite risky , i have lost a lot trading for myself but made massive turnover of my fortunes since i started with Mrs Paula David. She is the best.
Oh you think j Powell is a "hero" he's Ben a hero for your investment portfolio, but is an enemy of the working American. One could even argue he didn't act quickly, but instead that the whole thing was planned, and you'd be just as justified saying so. Its all subjective
I think bit coin on its own have no value however the block chain technology behind it may have certain value. But we are yet to harnest or how to use that technology
The man has been compounding his investments for 80 years. I don't know where luck came into play there, you probably would lose all your capital in the 2nd year.
Things were also cheaper back then too. Think about buying a 40k house back then and as time goes by, the 40k is little. Now homes are really expensive. Only way we can match them is if average home prices jump 10 folds in the next 30 or so years.
It's amazing to me that people stay awake at night thinking how to get rich, when all you have to do is listen and learn from these two, literally watch every video on both of them and all their annual meetings. It’s free!
Then act on it and stay disciplined.
Yea that’s what I settled for ultimately. Just buy berk and follow what Buffett bought. It won’t be late to buy after the news hit since he doesn’t buy stocks for 10-20% gains anyway. I mean he’s the best in the world so no reason not to copy.
@@techdova1021 my guy ive watched all of these and been investing for years lmao
@@idontgetscared it's a good idea, mohnish pabrai is one of the best copy cat investors
Listen to them won't make you rich. Working and learning by yourself to bring value will make you rich.
May God keep this couple with us for long
they are a living example of hard honest constructive work, sacrifice, and healthy desirable values
they are among my most important references in life
Definitely one of my best subscriptions. Very informative and educational. I appreciate the effort placed in its production.
I really appreciate those kind words :)
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement.
@@rajeshupadhyay5683Lookup Priscilla Dearmin-Turner, she's the real investment prodigy and has also help me handled my trades for over 16 months now
A news host spoke so highly of this💕 Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since
@@ericalorraine7943I just look up her name and found her webpage, thanks🙏
Thank you for editing the 6 hour long video to the useful 22 minutes!
Glad it was helpful:)
I love this channel so much. There's more value here than anywhere else on youtube. I don't have time to listen to 8 hours of these guys, so thank you very much for consolidating the highlights.
I’m glad it was helpful!
There is a youtuber who makes a "time saver" edit of each of these meetings to strip out all the fluff/flattery and just hear Buffett & Munger talk. Of course you can go with 2x playback as well on these videos. Probably good to play if only to properly condition one's psyche.
Thanks for creating this summary. Uncles Warren and Charlie are true sages. It is worth every minute listening to their wisdom.
I love these guys I hope they live forever last of the honest ones
🙂🙂🙂🙂
Being incorruptible is a very rare and under-appreciated quality. These two are great at it.
Just like Munger's hero - Lee Kuan Yew, founder of Singapore.
Thanks very much for spending the time to edit this down to a decent length. I enjoyed it immensely.
Thank you! Glad you enjoyed it
I’m 60 and if I could invest over again starting in 1988 when I first started, I would have invested in a few S&P 500 low fee mutual funds and kept adding to them, along with buying multi family rental properties, and keep buying them whenever possible. I’d be worth at least 10x what I am now. I was the hare, and I got beaten by the tortoise.
Another great video. Great job on selecting the highlight of the meeting.
I always come away with learning something from these clips. Refreshing that he and Munger don’t just sit up there and tell everyone just how great they are. They’re not afraid to admit to mistakes and don’t take themselves too seriously.
Thank you, Rob!
দ
Very good summary of the really long convention, with key points revealed. Thanks for sharing!
I am always amazed how these guys boil everything down to some simple macro principle, which makes things "seem" simple. Thanks for vid, it was great!
Thank you! Glad the video was helpful :)
Things are actually really simple. People who explain things in complex ways tells you they don't really understand what they're explaining.
Two of the top dogs in the cash kingdom .. Great content and keep up the good work ..
Thank you! :)
This was excellent, grateful, but there may be more to share - a part 2 - but very grateful for this work
I think Charlie loves these events just to eat the free candy lol. These guys are almost 200 years old combined and they as sharp today as they were 30 years ago.
Au contraire! You should see his interviews on Yahoo Finance. Essentially, he claims that the shareholder meeting is the only day he eats peanut brittle and drinks coke. It's Warren's idea to have them out there on the table, because "Warren is such a salesman." (a brilliant and effective one, at that)
Thanks for your time!! You are a keeper.
Thank you for this my virtual friend. Love your channel. I very much thought this was useful.
Hi! Glad you found the video helpful :)
charlie munger is 98 damn. many people at that age are vegetables at 80. respect mr munger
That's what happens when you're worth $100 billion or whatever lol
These two old gentlemen have a great sense of humor
Hello. I'm actually looking for a good trader that can help me trade and make a good profit, I've been seeing so many recommendations but I don't think they're trusted. Please do you have any recommendations?
@Hillary Wyrick Please how do I reach your expert Priscilla ? I'll be glad to know more about the service she offer.
I found her website, thanks
Priscilla Diane AIvazian made me my financial freedom.
Check Capital Management Inc, based in Costa Mesa holding 1.6 Billion Dollars of Stocks/Bonds. I recommend them.
Great editing, right on point. I love your content.
Everything you need to know about investing can be learned from Warren and Charlie. The fundamental trick is to buy quality and be patient.
I feel highly obliged and humbled by the Grace of Almighty God 🙏🙏🙏❤️❤️ and your magnanimity.
It's laughable that ppl with a few million dollars or less asset try to judge Buffett/Munger's way of investing/decision making, saying they're out of touch. It's important to know managing a few million dollars is extremely different than managing hundreds of billions of dollars.
I agree with this!
Same thing ,
I don't see bill gates, Jamie Dimon or Tim Cook listening to those guys managing millions which called this 2 sage outdated. Those guys just dunno wth they are talking about and with a few millions dollars they think they are superior than warren and Charlie.
They definitely are out of touch and clearly spout incoherent nonsense.
I mean who would ask a 98 year old about an emerging technology? You dumb or what?
Fantastic video! Thanks for posting 😄
Thank you! Glad it was helpful 😊
My Grandpa got scammed and it ruined his self esteem, made him feel incompetent, thank you for hoping people I really appreciate this Ma'ma. ✊💭
OMG 🤔? I'm really sorry for such an experience Okey🙏
@@obipiusodu8699 OMG! You Trade With Mrs. Lauren Simmons too I thought 🤔people don't know her that well... she's really awesome!
@@rollynieva7643 Just made my first withdrawal last week and I wasn't happy with myself because I was skeptical which made me invest so law meanwhile I'm on my second trade with her and this time I invested in a big way.
@@joshuaigo3151 Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs. Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
i was watching this and left my phone on my belly for a moment. suddenly charlie started talking and his voice was tickling my belly through the speaker
Very useful video. Thanks for taking the time to condense it!
Glad you enjoyed it!
Much better than rehab. Thanks 🙏
Crazy to think you can sit in the same room with these guys. One day I hope I can learn enough to be able to do a fraction of what they do
It’s all about learning. Got to be a “learning machine” as Charlie puts it!
When I invest in oil, I think of being on the rig and my cash buying fuel for a couple days, or solvents/rags, pumps, radiator, crankshaft parts...hoses, centrifuge with solids control contractors, etc
Oil & Gas is technical, too. Service provider technology is state-of-the-inclination & azimuth
I love to see these two wise men in 2022. Stay happy! 💕
Great content. Thank you.
👋 Present 👋
Welcome back from the Meeting! Hope you got a front seat. Thanks again for your efforts in making this great video. 👍
Thank you!
Enerplus is drilling in North Dakota's Bakken formation (i drilled there back in 2011-13)
Enerplus (mkt cap 3.5b) is trading @ 1.5x FCF
Exxon (mkt cap 386b) trading @ 10.7x FCF
His argument is literally how I talked myself out of bitcoin. My most regrettable self talk ever.
And how do you feel now? He was right, he was just a bit early.
The video maker has a nice voice, so I pressed the Like button three times.
I appreciate this kind comment!
Buffett certainly looks older now. I hope he can be around as long as possible.
With the persistent inflation so far, would you agree with me, investing is the best decision you should make?
Few months ago I liquidated my crypto assets worth 27 grand initially was sitting at over triple that amount. But right now I just don't know what the future hold.
For a newbie, what do you suggest is best?
@@gregorydennis3409 If you seek my advise, I suggest you get an advisor, We are in a Bear Market currently, meaning declining market. But pro and cons about the bear market is that people are still making profits and losses. This is why an Advisor is a game changer cos they have the experience and losses mean they lose clients and credibility. No pro wants that for themselves. I would recommend Angela Farrington, she's licensed and just two months in and I'm making profits and gaining knowledge.
@@ivankristina7435 Do you know of any licensed advisor you can recommend in the states?
@@ivankristina7435 Please how do I get in touch with your advisor?
Great compilation
Thanks!
Omg! Very well thought out. Scammers playing. Use caution are you well get scammed
Re. Timing the markets, these big investors do time the market- but indirectly.
They have an army of accountants who value companies constantly and when the market goes up, the companies look expensive and they don’t buy; conversely when markets are down, these companies look cheap and they buy!
So they do time the market; foolish to believe otherwise…
good point
That's not what timing the market means.
Subscribed after seeing how much effort is being put into producing these clips. Great Stuff. Thank You
I’d probably buy Buffet coin
Boolish
Bitcoin is unique technology which can not be compared with real estate or any other assets.
For decades, government policy has been borrowing from the future. The day of reckoning is coming. I expect the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, There's going to be no cash in the banks.... You need a survival plan.
We are where we are because we ignored the fact that there’s no such thing as a free lunch.
To manage investment risk consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline Because investing can be complicated. Consider working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out.
@@hudsonrowan2522 your assertion that as we age we become more risk averse rings so much true to me. Can you recommend any fiduciary Financial Advisor?
@@troypaul5608 'ALEXIS GEORGEANNA HERMAN' does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@@hudsonrowan2522 My previous financial advisor didn't want me to pay off my house (I'm 52 and close to retirement) and talked about lost opportunity and all that. Makes more sense to pay it off and be debt free going into retirement vs the little bit of return I'm going to get in the market. But the way I look at it is they aren't looking out for me as much as they are looking out for more revenue for them by managing a larger portfolio. I guess I'm cynical. I will give ALEXIS a try as i can see she is SEC regulated and has an amazing track record. Appreciate!!
Thanks ❤️❤️
You're welcome 😊
I do not understand anything about Wall Street,but it looks Las Vegas. What I earned with Nasdaq , I lost. Time ago, all big players said= the prices are going down due to an adjustment. Today, it is going to 50% loses. Buy cheap. Who wins? who can lose 2 billions from 100 billions? Who wins on Las Vegas?
18.30, he talks about commercial paper. What it is that he is referring to?
The only drawback to this channel is that the narrator's voice is haunting my dreams.
11:59 always eat when you’re nervous. Charlie’s lowkey that guy if you know you know if you don’t then you don’t know
Thank you for sharing this.
You are welcome!
These two make Palpatine look like a youngster.
Thank you
14:06 mmm that makes a lot of sense
The best way to invest is to ask your friend that sucks at investing to first crash the market and then you jump in and buy. Easy formula for winning.
🤦
Lol
Great video! Do you have a link to the full annual meeting? I've searched on CNBC and Yahoo Finance but can only find snippets and not the full thing. Thanks!
thankfully this system is starting to crumble for good in America.
I'm an American communists, and we are the future and true system that'll make America prosperous once and for all.
So true 👍
they're old men now taking a well-earned bow - convinced their efforts were worthwhile.
If you owned all the bitcoin the value would indeed be lost. That’s the point. Who owns your dollar? Hmmm
Lolol I don’t like to torture anybody…except bankers.
😂😂😂
@Ahmet Adamson yup! Know and understand the difference between investment and speculation/gambling.
@Eric . W. Apel and that’s what they teach, investment principles. Companies change, world change, but investment principles will always be the same.
@@LivingWithGout
Well said,
Investing is good but investing in the right things is the actual key to success.
There might be so many investment out there but if profit must be considered which is the actual sole aim of every investment then I'll advice you to go into bitcoin trading because it has a higher profit rate than most investments.
Thx for all the work you put into this! Did you get to go to Omaha this year as you were hoping to? Cheers!
Yes I did! I’m actually going to make a “vlog” style video about it sometime this next week or so!
How come they can't stop the stock market from crashing ?
Pure genius. 100% pure genius.
How do I get a meeting pass for 2023. If I am not a shareholder?
Buy a share and sell it after meeting
These 2 are great men. Like Ant and Dec. Giving his wealth on passing to all the children in the world. Respect to these legends
The most important lesson is go watch the whole thing. They do not waste a single word
I was there in person. Respectively, they did waste a lot of words
Where can I buy BuffetCoin?
Asking for a friend
He's selling it as candy.
Gotta love the cryptobros desperately trying to convince people that bitcoin is the answer. They need it pumped up so they can make their quick bucks and exit their positions.
I don't think anyone who 'truly' invests in Bitcoin would exit their positions. That would be asinine.
@@brandonsanon-jules7223 Except they do. That's why it crashed 50% multiple times recently. Very few people are actually trying to truly invest in bitcoin. You need lower investors to prop it up so a few can make all their money.
@@billr5842 that's true... same with the stock market. People gamble the market instead of truly investing. Selling at a lost instead of patience. As buffet says, "The stock market is a device for transferring money from the impatient to the patient." I believe the same will hold try for legit crypto currencies.
Also maybe the selling(of some is the selling) came from holders that exit some of they positions who bought when it was under 1k of even under 100 dollars. I mean if I 600x or 60x my money, I would exit some of my positions as well.(I'm still hurt that my college teammate mentioned bitcoin to me in 2011 lol and instead of buying it I thought it doesn't make sense 😅, my 278,476% non gain).
How about the fact that Charlie Munger is 99 YEARS OLD
I love how Warren Buffett praised the bailout and talks about how great capitalism is.
Glad someone else caught that, without constant forever bailouts, Buffett would be rich.
He'd be jumping out the window.
Good riddance, he's a poison pusher
Thanks.
You are welcome :)
God bless them
Can someone explain what warren was saying about inflation? I couldnt understand the advice he was giving.
Hello Jacky, how are you doing today?
You are amazing!
Warren needs to make Berkshire coin.
Bin watching buffet an munger since the mid 80s they are a school of knowledge on investing. High schools should be teaching this to kids . So the ones who catch on will make something of themselves instead of nothing.
I think you should clarify what he was actually saying about bitcoin. As I understood, He was pointing out that if he owned all of it, no one else would have it but him…it would be of no value (no one else had or used it). That’s why he was pointing out buying a percentage of farm ground, etc…because many own farm ground and it produces, causing trade…so it would be of value.
I actually think he stated it that way, “If I could buy all the Bitcoin in the world for $25 I wouldn’t do it!” to emphasize his disdain for it. Both he and Munger are fully on record for hating Bitcoin. Munger called it rat poison! Crypto/blockchain technology is the future. Buffett/Munger have built excellent reputations for decades, but unfortunately they’re future reputations will be based on what they’ve said about crypto and how far off base history will show them to be!!
All you need is £250,000 and then buy what these guys buy. You won't regret it. The greatest business minds on the planet.
I would buy Buffettcoin
"...this is the only money you'll see in your lifetime or even Charlie's" lol
When he talks about bitcoin he says: "There's no more money in the room, it just changed hands.". Isn't that true with farmland and rental properties too?
He also says he would like a stable unit of account, and then proceeds to be agains bitcoin. It's astounding.
Farm land and rental properties generate cash flow on a regular basis, so the assets grow in value over time. Not a zero sum game
@@leswhynin913 such a simple concept yet so many fail to understand it.
What does he mean by look at the Gold on Wall Street after he says bitcoin is a bunch of magic.
60 trillion worth of stocks how many people invests in stocks 144 million. Whats are the odds? Same as poker. Sometimes you holdem sometimes you foldem.
I have so much respect for Buffet as an investor because he understands what he invests in. Having said that his view about crypto and Bitcoin is way off. I’m not referring to price because no one knows which way price will go. But he has not done his homework about the technology/blockchain. He should first do a deep dive and then say why the tech doesn’t work. Don’t forget Buffet has said in the past he does not understand technology and is not in his core competencies. Take his advice and invest in what you understand. And at the same time Buffet should follow his own philosophy and advice before commenting on tech that he doesn’t understand. He has admitted in the past that does not know how to email or use a smart phone. Not sure he should give financial advice as to why blockchain doesn’t work. Again perfectly fine to point out risks or issues with something but you need to first learn about it. Tech is not his strong point. Again I’m not saying Bitcoin or blockchain is the best. Just saying study it first and do some research. Ignore the hype. Criticize it after you understand how it works. Than you’ll have valid points which have some weight.
He doesn't need to understand the tech to understand it as an investment. Just like he doesn't understand how to design a smartphone, but he has made some hundreds of billions on Apple. His point on bitcoin is completely correct - buying bitcoin is buying a non-productive asset. That's just it. He NEVER said the technology is useless or anything else - he is just saying that AS AN INVESTMENT it doesn't make sense because it does not produce wealth. From his perspective, if you want to actually invest in the technology, you would invest in MININIG, which is how you actually get paid (from transaction fees). Bear in mind that these the same principles he applies to gold - and he has outperformed gold by a very large margin in the long run.
@@KFGustavo what I meant is he should understand what something is before saying it does or doesn’t work. I don’t mean he needs to know how to read the code. To say it does nothing is incorrect. It does something. It provides a service. Another way to transfer value just like fiat, checks, credit cards, or payment apps like Venmo or PayPal. Thats all. Uber and Airbnb don’t produce anything nor own any taxis or hotels yet they are considered a taxis or hotel companies. If you made no effort into understanding what they do or provide, then you would say people are dumb for investing in them. but they provide a service. They provide a platform for end users. Warren never invested in Microsoft, Apple, Google, Facebook or Netflix in the early days or even when they IPO because as he stated he doesn’t understand what they do or their business model. He invested in Microsoft and Apple pretty recently. He didn’t invest in tech related companies in 90s or 00s. They didn’t “produce” anything. He doesn’t get SaaS types of business models, which is fine he is incredible at understanding other businesses. But my point is at least understand what something is before writing it off. In his investment in Apple he understands what it is they are trying to do before he made his investment which is basic principle when making any investment. We don’t just buy something without knowing what it is or what they do. Also,thank you for a civilized reply. Much appreciated. Most of the time people just attack. I’m just looking to have a convo and share opinions and more importantly i like to understand other view points. So thank you again.
@@oneopinion5231 to add: Warren has said to have never have sent a email(does not know how). He could have invested early into Amazon as he met Jeff Bezos a few times. But said it was a outlandish dream. Same with Elon.
He has a Circle of Competence and only invest things that he understands. Anything Tech related your better of getting advice from people like Peter Thiel. Not to discredit Warren and Charlie as there the best within there realm
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Investing in crypt0 and stocks is a good idea, a good system would put you through many days of success
NFTs stock and ForEx trading should be at every wise individual's list. Soonest you will be euphoric with the decision you made today
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Remarkable
I have an idea for Coca-Cola
The reason why Buffett has never bought Bitcoin is the same reason why Buffett has never bought gold.
He prefers productive assets and cash. I don’t see a problem with that.
It's not, actually. Bitcoin is just a big pile of nothing much. Gold is an age old asset. One that doesn't just vanish into thin air when 9 teens in a villa on the Bahama's decide to go play with it.
Yea
Buffet is a genius, but unfortunately he is wrong about BTC☹️. He does not understand its value, but u can not be always right and understand everything
Explain its value?
Wow the ads ruined this
The dollar is not money sorry sir you ate mistaken. Money is Gold and Silver dollars are federal reserve private bank notes.
Investing is not like the old time, they would have not made it in today’s tradings. It is a casino nowadays there is no rhyme or rhythm to this market. Just buy ETF. And hold and pray.
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Oh you think j Powell is a "hero" he's Ben a hero for your investment portfolio, but is an enemy of the working American.
One could even argue he didn't act quickly, but instead that the whole thing was planned, and you'd be just as justified saying so.
Its all subjective
Next time, please don't edit out the questions.
I think bit coin on its own have no value however the block chain technology behind it may have certain value. But we are yet to harnest or how to use that technology
What a man, however he got lucky, life was simpler back then
Yeah, the Great Depression, World War II, etc. - real simple. Folks today have it SO tough.
@@DisabilityExams yep, indeed, happy you agree! I didn't mean easier, just simpler
The man has been compounding his investments for 80 years. I don't know where luck came into play there, you probably would lose all your capital in the 2nd year.
Things were also cheaper back then too. Think about buying a 40k house back then and as time goes by, the 40k is little. Now homes are really expensive. Only way we can match them is if average home prices jump 10 folds in the next 30 or so years.