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Charlie Munger: The 5 Investing Tricks That Made Him a Billionaire
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- Опубликовано: 14 авг 2024
- Charlie Munger (Vice Chairman of Berkshire Hathaway) has always attributed his stock market success to a series of mental models and tricks he learnt at a young age. In this video let’s dive into 5 of the psychological tricks that have helped both him and Warren Buffett achieve such resounding outperformance in the field of stock market investing.
Full Interview: • Redlands Forum: Charli...
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★ ★ CONTENTS ★ ★
0:00 Intro
1:08 Invert!
4:24 Know What You Don't Know
7:56 Rational Thinking
10:23 Keep It Simple!
12:23 Read a lot!
#charliemunger #stockmarket
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
I'm hoping to go and see Charlie and Warren at this years' Berkshire AGM. Will any of you guys be there by chance? LMK!
Wow, I would love that but that's challenging for me! Anyway, that's an experience you could tell your grandchildren one day!
Any chance we’ll hear your question from the audience? 👀
I highly recommend you attend. Downtown hotel rooms are booked up, so find a place and book now. After a two year hiatus, it is going to have a party feel to it. My first meeting was in 1999, this will be my 13th annual meeting. Woodstock for Capitalist
Ask him why he thinks he is an architecture and designed a horrendous building for college students.
@@accountsequity5587 how to attend? do we need to register or can we just show up?
Very valuable rules for anybody who wants to build wealth . We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that while most people are losing a lot of money in the bear market, others are making hundreds of thousands in profit. I'm just focused on making better investments and earning more as recession fear increases.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
"It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow."
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
…because they invest using other peoples money
Like they say. Go in the direction you know. First step, gain knowledge in the area you are interested in
Watched the whole video great job my portfolio is diverse, with investment in digital currencies, gold silver, but not as much as I want.would like to add a lot of low cap altcoins too, just not sure how to go about it or where to buy the coins. Diversifying my $420k portfolio across the market to withstand inflation is my goal can you help me?
Just find quality assets that have long term potential,and ride with those assets. I have found it takes someone who is very familiar with the market to make such good picks
agreed it essential to diversify your portfolio while quality assets are a solid foundation you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $230k grow by 34% since may last year. Try the same , you never know
@@stephenbates6I will love to be your friend dear as well as sharing some ideas which you're benefiting
Okay but is not luck, is all about having good investment plans most of all trading with a trustworthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put real money you start losing I understand and I passed through it all I'm very happy I'm profitable now
Hey how good are your earnings I will like to get some insight into trading thank you.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas
At a time like this, with retirement pressure mounting, it's best to seek an advisor's services to make smarter investment decisions.
Agreed, having a professional can be smart move sometimes. I remember amid covid-19 crash, I really was having investing nightmare prior touching base with a coach, and as of today, I've accrued nearly $1m from a shaky $400k portfolio. No gimmicks!
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Lynne Hart” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@A_francisSharon Lynne Hart has just been inducted for wire fraud
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Could you possibly recommend a CFA you've consulted with?
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.
Well-done. Vivian Carol Gioia appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
This is amazing. “How to build wealth”
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
hints if you dont mind
Melissa Maureen Ward
found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.
hi Brandon, I really respect you. Instead of selling "how to be rich" to naive teens, you send the right message: grow your mind. I love it.
Lets go Brandon!
AGREE!
Agree but investment is frustrating over here, lost much
@@geofreyumanger6542 Lookup Christine Lynn Saitta
I heard she always have a way of linking someone investment into something new and profitable?
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.
Pls can you recommend this particular coach you using their service?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.,
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@mathebulamkhize876 please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.
@@stjepanhauser7595 My Financial Advisor is *"Jayden Nadav Bishopson"* I found him on a CNBC interview where he was featured and reached out to his afterwards. he has since provide entry and exit points on the securities I focus on. You can look him up online if you care supervision. I basically follow his market moves and haven’t regretted doing so.
@@mathebulamkhize876 I just looked up this person out of curiosity on the Google internet; surprisingly, he seems proficient. I thought this was just some overrated BS, I appreciate this.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
Well, I think people loss funds because they want to trade on their own without the help of an expert
Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.
Expert Emily Jason is really the best person to contact and ask for help in trading without fear of making losses than trading yourself or lossing funds to scammers.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere RUclips videos.
All my experiences with her has been positive,she has a very broad understanding of the market and had made lots of profitable trades for me and my friends. I have never had any issues or negative experiences with her.
0:13: 💡 Charlie Munger's financial success came from applying mental tricks and models to avoid making bad mistakes.
3:20: 📈 Inversion and humility are key concepts for successful investing.
6:49: 🔑 Specialize in a specific area of expertise and be rational in decision-making.
10:11: 💡 Stay focused on the long term and don't panic during sudden market swings, and look for solid and straightforward businesses with great leadership.
13:18: 📚 Reading is a valuable tool for self-education and learning at your own pace.
Recap by Tammy AI
PLEASE ADVISE .
I was told to spread my savings across different things like stocks and bonds to protect my retirement.with the everything being shaky,I'm considering going into Trade.?
I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
in stagram
Kate Floretta
Face book
She Trade for Celebrities & could Mentor you.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@user-3456rtu how do one get hold of this your coach?
@@user-3456rtu I just checked her out and I have sent her an email. I hope she gets back to me soon.
How you know they are precious?
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $800k over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Indeed, that's accurate. I learned this in 2020 when I experienced significant losses. However, since switching to a financial advsor, I've consistently generated at least $98k in returns every month, solidifying my commitment to investing through professional guidance.
@@ThomasChai05 That’s impressive, have you always had a financial advsor?
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I like the more casual set up for this video, it feels like a conversation more than a lecture. Certainly nice for variety.
Glad you like it!
U read my mind 👍
I agree 💯 this is a good setup Brandon!
As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated
Well in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or have one guiding you
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
.LEILA SIMOES PINTO. You can easily look her up, she has years of financiaI market experience.
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
How Do I Find this person?
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
I guess this is a RUclips bot error as you missed a couple of replies which give the actual name of this person
Lol
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.
Interesting. I have a lump money that accomplishes nothing for my bank account, and I'd like to start something with it. You appear to be doing extremely well; how did you do this?
'LISA ELLEN SHAW' is my financial adviser; I discovered her on Bloomberg and instantly searched the web for her name. Thankfully, I discovered her website and emailed her.
Thank you for this tip. it was easy to find your advisėr. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
😂
Warren said. Anything over 20:1 P:E is a no go. You'll never make it back over inflation with regular market downturns. Fed needs to make the prime at least 5%. "Sin Stocks" ie Alcohol, Tabaco, etc... tend to be the most lucrative. But utility stocks (internet, energy, toll access companies) are the most stable.
In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Susan kay Mack" whose skills in portfolio diversification are unmatched and client-centered.
Ye, except Tesla have P/E of 178 to date and keeps breaking records every year
@@karolispr5572
Tesla as a company has no value. Tesla as a brand has a value. But tesla as a car is less innovative than most car industries.
@@23chnge Be ready to be suprised then 😁
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, Reproductible approach from anyone who have build wealth. I have saved up $190k to get started.
Sincerely, I think that people frequently undervalue the significance of financial advisors as well. Data spanning more than 50 years shows that people who work with advisers usually make more money than those who don't. Having worked with one for 13 years, I have the good fortune to have a $1 million portfolio, mostly from early investments in growth stocks and artificial intelligence.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Kristin Amber Landis has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say, Kristin appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
I like that you link to the original interview. Good channel no bs, i like it 😊
This youtube channel is a constant learning. Thank you for bringing these powerful tricks up
Cheers!
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires
Wow thank you for your kind heart, I really find it difficult to trade myself am looking forward to find an Exprt to help me out when I ran into you
You are right. Been thinking of going into gold and cyptocurrency
It's obvious everyone is doing this online Investment
@@thylda7877 I totally agree with you it has been an eye-opening experience for a lot of people.
@Julia.c Davis I have also experience her great work too, she is good I can assure you of that
Hi Brandon, Can't get enough Charlie and Warren content. Truly my hero's and they constantly steer me back on track in my life.
Hello what's the best way to get started with biction investment cos I've been making personal research for a while now.
@miles walker Thank you so much for the
recommendation i appreciate
2 months ago i was a complete nobody but here i am making money from future trade by using Annabelle signal
In my opinion Bitcoin could never be a long-term currency because 1 minute you're rich in the next minute you're broke and then you're rich again and then you're broke again LOL money does not work like this because putting faith and trust in the system like this is absolutely ridiculous
Feel like this is a bunch of bots…
Your mom
I love your videos, I’m still working my way through your top 5 books now. Keep it up man, peace and love all the way from the U.K. 🇬🇧
Cheers Lewis! I appreciate the kind words!
Hey Brandon, just wanted to say. think your dong a really good job on this. your videos will help a lot of people and recently you the videos have become noticeably better. well done
Thank you! I appreciate the kind words!
Love your videos on these legends. Only thing I would recommend is to put the year of the throwback interviews. Adds more perspective on the longevity
This is an amazing video, love the new studio look 👌 definitely giving me some ideas for my own 👏🏽
😂😂😂
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
Please I need somebody to help me out in trading
the market is profiting if you are using a good broker or account manager.
I'm a living testimony of expert Naomi, she has been trading for me for months now
@@evelynabigail1507 пчелен мед
＋𝟭𝟯𝟮𝟭𝟯𝟰𝟯𝟰𝟮𝟰𝟲
пчелен мед👍👎
So happy you posted this! This is definitely something that should be talked about a lot more.
Hi Brandon! It would be nice if you could sum them up (listing the 5 tricks) at the end of your video, just like you have done in the past! Cheers!
I used the inversion trick in many other cases, like checking the bad reviews first than the positive ones to check where can a product (or service) may fail.
This has to be the most under watched, under rated investing video on youtube. Pure gold! Thank you!
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
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 ?
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
Oh that will be so nice, Please do you mind referring me to your financial analyst?
I'm working with a consultant named *'Nolan Velden Brent,'* whom I discovered through a CNBC interview where he was featured. After reaching out to him, he has been providing valuable entry and exit points for the securities I focus on. If you're interested in his supervision and expertise, you can look him up online using his name. Following his trade pattern has been a rewarding experience, and I have no regrets about doing so.
Great video as always. Love the new set. Gives a great feel of just having a conversation with a friend. Keep up the good work.
This video is truly inspirational! Charlie Munger’s approach to investing, focusing on mental models and inversion, is not only insightful but also incredibly practical. It’s fascinating to see how he applies these concepts beyond the financial sphere into everyday decision-making scenarios. His story about being a weather forecaster and using inversion to avoid disastrous outcomes-by asking how he could potentially "kill" pilots to instead ensure their safety-is a brilliant illustration of this method in action.
Munger’s emphasis on knowing the limits of one’s competence and the power of humility in investing is particularly compelling. It's a lesson that many could benefit from, in and outside of investing. His idea that it's better to know a lot about a small area (circle of competence) and specialize in it resonates deeply, especially in today’s world where information overload can lead to analysis paralysis.
Moreover, his resilience in the face of market fluctuations, emphasizing rationality and long-term focus, is a crucial takeaway for any investor. His belief in simplicity in business and investment choices, ensuring that even a poorly managed good business can thrive, offers a practical blueprint for choosing investments.
Lastly, the lifelong commitment to learning and self-education that Munger advocates is not only inspiring but a fundamental pillar for personal and professional growth. This video doesn’t just teach about investing; it’s a masterclass in critical thinking and decision-making that encourages viewers to think differently and more effectively about problems and opportunities in life.
Thank you for such a valuable and thought-provoking video! It's a must-watch for anyone interested in bettering their investing strategies and decision-making skills.
The new setup is sick- love the WB art at the back. Thank you, God Bless!
I just found you this week, and have really enjoyed watching *So.Many.Videos.* I also really appreciate how (like this one) you have brought in some of the timeless truths of these financial greats and helped bring the points being made relevant to the concerns of today. Great stuff.
Loved this.. Learned a LOT!!
Thank you!!
Charlie Munger is Legendary!
He’s shared so much knowledge with the value investing community especially when it comes to ‘avoiding mistakes and not being stupid’, a huge thanks Charlie!
My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?
It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
I Found her webpage by looking up her name on my browser. She seems very proficient, we scheduled a call.
Charlie's mental tricks are really helpful! I'm trying to listen every day.
Your videos are so good. I didn’t even know I was interested in this stuff until now.
Before I started watching your channel, I knew alot about Warren Buffet but not so much about Charlie Munger.
I'm glad you put in so much effort explaining his point of view because I truly think it's unique and an amazing perspective to take on investing and the world. Thank you.
😊
Thanks for your valuable videos.Keep up the good work!
When some people think of successful stock traders, they think of multimillionaires lounging in a beach town, making trades and relaxing. That reality is rare, and stock trading isn't as easy or lucrative as it might seem from the outside. Despite challenges, some people elect to stock trade as a part-time job, or they take on stock trading as their full-time gig. If you know your stuff and follow a strategy, you can make money over time through stock trades by adopting the signal of a licence broker
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one yet, can you give a pointer
kathy genelle britton is my coach, you may have come across her on a few interviews, just look her up online to get in touch with her, her details are provided online
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Tell her I referred you for quick response☝️☝️
Thank you for another great video. Always waiting for your next video
THE BEST DECISION I EVER MADE IN MY LIFE WAS
INVESTING IN FINANCIAL MARKET. TRUST ME GUYS, IT
PAYS!
Many of us don't know where to invest our money so We
invest it in wrong places and to the wrong people
She helped me recover all I've lost trading by my self
1. 1st do no harm
2. Specialize in a segment of markets...knowing enuf about a slice of the pie to profit by it
3. Choose a good business that can stand some mismanagement
4. Focus on the long term to mentally and emotionally weather volatility.
5. Read...learn
I love your new look & feel with this setup. Great work, Brandon.
One of the best chess champions that ever lived, practiced inversion, as part of problem solving, just like Munger used for getting rich.
Thanks for the video. Like your set up.. Much better than office look 😉👍
Thanks for this video and your sound summaries in between the "tricks"!
@newMoneytube should I be holding Australian vintage Ltd or sell it ? It has suffered a lot lately
Nicely put together message. Dope set too.
For real, his early videos, were a bit suspect, and hard to tell which direction the channel would take, but Brandon/New Money is good at heart/good stuff... I definitely recommend this channel to any of my friends that are newer to investing
Theae old Orville Redenbacher ngas are killing it.
I cannot see clearly how he applied the reverse problem solving to risk management in AliBaba. If you have an idea or two please share.
Great video. Great content. A summary at the end would be so effective, to seal the lesson, so to speak.
Thanks for the feedback Pat! Will do that next time!
Surprised and not at the same time, to hear Charlie Munger quote Kipling's If. Such a great poem for life and one's attitude to it. A favourite of my Grandfather who would be 104 this year.
Great video. Where did you get that Warren Buffett wall art?
Thank you
This was AWESOME! Subscribed!
Genius msgs condensed well. Take Care. Congratulations.. 🙏.
Great video
Hi Brandon, thanks for your high quality videos, greetings from Paraguay
Nice distillation. Thanks.
Brilliant video with extreme clarity of thought.
Thank you
one of your best video
Great content !
Thanks!
“Swim as long as you want, but stay near the shore.” LOL!
Great vid. Thank you for putting it together
thanks for the video.
Class video buddy :)
Awesome video Brandon! Very insightful and informative, really loving your and your teams work!!
Love how the guy nobody knows interrupts him while he’s dropping knowledge.
Do you have a link to that Charlie Munger interview?
Very educative and nice presetTion!
Very nice video. Concept expressed by the expert and explained/reinforced by you. Great job. And mental models are everything...
😊
Top notch quality
A strong and quality business with great products/service is king.
Love your channel... appreciate it!
Thank you making these videos. you don't even know how many lives you are impacting. Keep up the good work. God bless you.
I couldn't agree more!
I ran into this after listening to Earl Nightingale''s "Strangest Secret" . I couldn't imagine a better pair of videos.... would welcome suggestions of any that measure up to this level of quality!
Brandon, you will be handsomely rewarded for presenting this valuable knowledge and pespective. You have done me (and many others I'm sure) a great service. Thank you!
Thankyou Brandon im so happy i found a clear explanation of warren’s videos
Thank you
Riccardo
Which books would you recommend for a beginner in the stock market?
Thanks for your content🙏🙏 biggest fan Warren Buffett and charli Manger..
I love those guys!
@@NewMoneyRUclips I'm also
Where do you have that great warren buffet poster from?
I found it on Etsy! I just typed in Warren Buffett and it came up
Great. Thank You
new subscriber here. Amazing videos!
Warren and Charlie are the Kings of the market for now and forever! Great video!
Thank you. !
I learned alot emotionally getting my AMD shares cut in half, and started dollar cost averaging it.
good contents❤️👍..thank you
Great points
Very good post