TIMESTAMPS: 0:00 - Intro (ft. Warren Buffett) 1:59 - China's Government, Deng Xiaoping, Crypto & Jack Ma 3:25 - America is too arrogant towards China 5:25 - US-China Trade Wars 6:53 - BYD vs Tesla electric vehicles 7:34 - Invest in US vs China? (ft. Taiwan & political tensions) 9:46 - Munger's criticism of China
Munger visits China but not really all that often. Not as often as Cook, Gates or Musk. Certainly not as often as his knowledge of China would have you believe. I know; I’m Chinese. A d yet it both baffles and impresses me that everything he’s said about China is spot on. A highly perceptive and obviously intelligent investor.
You’re baffled by Munger because you don’t understand that a non-Chinese person can grasp China better than a Chinese such as yourself. For some reason you believe the more physical visits to a locale means a greater understanding. Superficial at best.
For Munger understand leadership: Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice." Like Queen Victoria Empire 1850's time, need not see the detail, but understand their direction.
@@gezenews One need understand others choice, just notice the result. $270k invest for $8 Billions profit One should understand Deng Xiaoping also said "To Get Rich is Glorious"
Charlie Munger has proven himself to be right. A lot more than the crazy Washington politicians. Too bad for America, Charlie was not in charge in Washington. This man is so brutally honest, and he has to be with a business to run.
He wore rose colored glasses. It was painfully obvious. Munger saw exactly what the Chinese wanted him to see without disclosing hidden political intentions. He saw and commented on the red flags but waived them off. Why? Because his personal interests came first. Greed blinds.
@@seraph3761so you saw through all these Chinese but Munger couldn’t bc he wore rose colored glasses and you had none? Man, you must be one intellectual genius.
Charlie Munger died at the age of 99 ! Was Charlie able to live that long because he had organs transplants in China ? Do you know that in China, foreigners can schedule an organ transplant ? Chinese doctors will find an organ just in time !
That's the reason why Charlie Munger and his buddy Warren Buffet are one of the most, if not the most successful investors in the world. They see and think totally different from the American politicians, who are such a joke.
Election driven by emotions, not rationality. Reverse rationalization is justify emotional decision. Politicians experts at manipulating voters emotions. Unemotional ones like Munger and Buffett are the most rational people.
Before the elections, American politicians spend millions in publicity, opposition research and writing populists speeches to get your vote. Once in power, they beg the Oligarchs for money for their next campaign... and need to do the Oligarchs bidding in order to get money. CBS: Are members of Congress becoming telemarketers? Apr 24, 2016 - It suggested representatives should spend four hours a day on "Dialing for Dollars" and just two hours a day on the business of Congress
both mexico & chile believe in china and their china dream. china made both our nations better in many ways - bravo china for all you did & what you done for us...
What is there to be ashamed of India Democracy is different from Communist dictatorship Both countries are v different politically Though China is as diverse as India no one can raise their voice protest & go to court look at the issues India has to face from their minorites & overseas anti nationals yet they are coming up U can't compare countries Each has its own problems especially in a democratic country
@@saraswathykrishnan1718 See, you have a very limited and in fact incorrect view of China. People can and do protest in China; if you lived in China, you'd know this. But you can rely only on anglo media, which gives a distorted view of China. Yet it's true that, relatively speaking, protests don't happen that much in China. I can think of at least 3 reasons for that: (1) Culturally, Chinese are just not that much into protesting; they will tolerate things up to a point, after which they'll jump straight into a full-scale riot or rebellion, not some lame march (the Chinese have rebelled against their leaders countless times in history...but have not reached that point yet in the current era, because the government is doing an excellent job); (2) their official channels for complaints and redress is working relatively well; things get fixed, and very quickly; (3) things are going great for them now, economically-speaking, so no real need to whine.
I admire the Indian civilization, but not the hype, the talk, talk talk and denial mode. If people cannot see things as they are, they are doomed to find their wild dreams shattered.
@@saraswathykrishnan1718 Social Caste & its reservation system trigger brain drain to other developed countries. India lost human capitals to others gain prosperity in a deal. Caste system since 3000 years ago. Need Nelson Mandela of India(abolished apartheid in S. Africa 1994)
@@peanut0brain It's legalised CORRUPTION. Their capitalist wealth "captured" their political system and thus government, so they are "legally protected" and now impossible for the common people to fight them to make any real change. 😮
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
Election driven by emotions, not rationality. Reverse rationalization is justify emotional decision. Politicians experts at manipulating voters emotions. Unemotional ones like Munger and Buffett are the most rational people.
You think they don't know? The problem is they are driven by self interest and self perservance. They never spend a second thinking of the common people
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
Well no. Beijing just recently outlawed and imprisoned foreign business men from doing due diligence, which it now seems is against the law. This can only add to the exodus of firms leaving or having already left.
The difference in China's success story( from rags to riches in 70 years)and US ( from riches to rags in 50)is one factor,corruption(in the US)and lack of in China.Based on population numbers( China has 5x more people),corruption in USA has to be at least 5x greater.Inversally proportional.Considering everything else equal(which I know,not exactly because work ethic and commitmen for the common good is stronger in China and very weak in the US).
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
I remember the day the news that Warren Buffet of Berkshire Hathaway, coming back from poor China, invested $200 million into an unknown company called BYD. I snickered and thought those were lost dollars. Tesla cars were the way, I thought. Now, looking back, I should have taken better heed.
In China, family is so utmost important, and in America, the right to vote. In US the democrat hope the republican fail and vice versa ...the republican hope the Democrats fail...end result, dysfunctional, yet they are so proud of..In China the government people rise through a vigorous merit and voting system so the cream goes to the top...the American call totalitarian..paradoxical but how ignorant..
its like a town full of gansters, but everything just working out fine, you pay those gansters and get back to your life. then there comes this new guy, used to be very poor and unnoticable, that is became rich and trying to help everyone except paying those gansters, guess what will happen?
Imagine, just imagine, in a world that everyone on earth could leave things like power, leading and such behind and work together, towards a better life together, it would be a much better world....
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
I miss Charlie. He knew that friendly relations would be reciprocated and bring win/win and, most importantly, world peace. Today’s leaders are taking us on the opposite path.
Key difference in the system: Power transfer in China really transfers the power. Power transfer in US.. well the true power is never with the government in the first place
america never learns from it's mistakes n failure thinking that us military power n it's hegemony can rule other countries with an iron fist-- not now or ever!!!
Charlie Munger is trying to say, Change is Inevitable and while we exist in that particular moment of awareness, we must learn to choose how to manage that moment. What eventually happens to you, cannot be seen ; but what you do to other people persists in the awareness of your associates, be they be friends or victims. The world may have various names for CM, but is content to be honest and humane.
LKY : The unification of China is inevitable. A matter of time. And time is on China's side. No American intervention. The Americans can do their own calculations. Taiwan is a core issue of China and a peripheral issue of the US. Unquote
How US can maintain its no. 1 power. But not it's hegemonic power.? 1. US need to change many of its policy 180 degrees both external and internal policies. Starts with external policies. a) start reducing it's hostility towards Russia, China, Iran and North Korea. Stop the Ukraine conflicts and Palestine conflicts. b) reduce its military bases overseas that threaten Russia, Iran, China and North Korea. This will saves billions of dollars. Sell those overseas assets and repatriate the Dollars 💰 💵. c) cancel all sanctions against all other countries. d) stop interfere in other countries internal affairs. Stop regime change. e) stop weaponize the dollars and swifts system to maintain as public goods. Built back trust. Honored all agreement's to gain international trust. f) built back US deteriorating socially and economically. Improve all basics necessities and to reduce cost of living. Starts to re educates people on safety and reduce crimes, drugs, guns violence. Reduce homelessness. Eradicate corruption by those corporate and external fundings that control the US politicians and government. Just a few ideas, good luck US otherwise that's the end of American dreams. Period ❤❤❤❤❤
Good advices . But I don't think the US politicians will ever accept them because they deeply believe in their exceptional ism and in their hegemonic power and in their military might although they are losing ground in many fields. Only a profoundly weaker could accept and apply the advices( out of necessity or catastrophic economic downturn)and certainly not in my watch who is a retiree.
They are not in the govt as such could speak the truth but when 'put into' the govt by forces that be, they won't be allowed to say the truth but have to say lies put into their mouths.
You are right; they are not working in their US government. Those who are including the presidents actually are not holding the power. They are being controlled by the inner circle of neocons who actually wield the real power. This group of power crazy zealots control almost everything from military complex to financial institutions to media, etc etc. For all those people who still think the US presidents are elected democratically, they must be still sleeping under their coconut shells.
Jack Ma wanted China to be more like the US, insofar as the merchant class (i.e. the oligarchs) should have a greater say over government policies. And yet, that is one of the most pressing problems in the US: the oligarchs completely control the government in the US, to the point that government policies serve corporate interests 100% and completely ignore the needs of the 99% of Americans that are not multi-millionaires. Shutting down Jack Ma was one of the msartest things the Chinese government could do, as it preserved the system that allows for the increasing prosperity of the average Chinese (and allows for the rather difficult task of fixing the income inequality problem that still persists in China).
1:35 $270.000 investments grows to 8/9 billion in a relatively short period of time, that's not a pretty good rate of return, that's BRUTAL, undoubtedly the most brutal rate of return in world history.
These two old guys are not only smart but they also have good senses and good logic. They have first have experiences and they see the positive things. They follow the growth of China, and they are very confident. They are successful business men!👍👍
I believed leaving the EU would make Britain independent. Not under the thumb of America. If I have a choice between USA and EU I choose European Union. America doesn’t give a dam about Britain , look at Ukraine, that’s the future for Europe if we don’t dump America and the Dollar.
Well the fact is after leaving the EU, Britain has fewer and fewer international power influence. All people outside Britain can only notice when it changes another prime minister or news of its royal family.
@@nannangao7256 I don’t want a Royal Family they are Tyrant’s. As for the EU why change one Tyrant Family for another. When you have US as a friend, you don’t need any enemies. UK should be None Aligned, and have no enemies and trade with everyone regardless. Be Neutral like Hungary 🇭🇺.
Chinese have much respect for americans. Certain americans for sure...like munger. There's a lot of goodwill invested in the relationship of both countries. If only US willing to get off its high horse and extend an olive branch...china will meet the US half way for sure.
Right now, at this moment, in Hong Kong, the stock price-earnings ratio of China's largest securities company and the largest property insurance company is only 6-7 times, and the dividend rate is as high as 5%. China's best real estate development company, which can earn an average of 30 billion yuan per year in the past 5 years, is now only sold for 50 billion yuan, and the largest reinsurance company directly controlled by the Chinese central government has a dividend rate of 8%. Yes, you read that right. I have been in the stock market for 30 years and have always paid attention to the stock prices on Wall Street in the United States. Really, compared with Chinese companies listed in Hong Kong, American stocks are simply unreasonably expensive.
Charlie Munger maybe right, but let it be known, China PRC model today is that of Queen Victoria in the 1850's. best said: Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice." British citizen went out world wide and build enterprise, commons with the backing of the British Empire aka Army of banks. Today model of China PRC Brick & Road Inc. aka BRI was model to Rome: All road lead back to Rome.
Actually Deng Xiso Ping was SAD to.see other countries are modernising while China still riding on bicycle. He was eager to.see other people lived in other countries. Even the Japanese, theur arch enemies lived a better life than them. He said , We have wronged the Chinese people.... That is why he said, it doesn't matter what color of cat. as long it catches mice. 5hat is when he adopted other countries policy especialy Singapore. Singapore is relatable as Singaporean ate mostly Chinese descent..So it us easy to learn as both have same customs.
World leaders are responsible for all the war, and all the bad decision based on their religious view, their bias on a particular nation. We whole world should work together and make the world a better place for our future young generations. Who is suffering with all these bad decisions and hates among different religious people and nations? Answer is us, our children, all the future generations.
Buy NIO stock, last chance before it sky rockets. That is my tip to the struggling Americans. Charlie Munger is like wise sage, he see things as they are, he seems spiritual to me.
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
This company's profitability is not good, I suggest you sell it quickly. My cousin is the marketing director of a major automobile manufacturer. I asked him which company has better operating conditions, Li, Nio or Xpeng? His answer is Li > NIO > XPeng. Li’s profits are currently stable, NIO is barely breaking even, and Xpeng is losing money. Now that BYD's new hybrid technology has come out, the Li prospects will become worse.
TIMESTAMPS:
0:00 - Intro (ft. Warren Buffett)
1:59 - China's Government, Deng Xiaoping, Crypto & Jack Ma
3:25 - America is too arrogant towards China
5:25 - US-China Trade Wars
6:53 - BYD vs Tesla electric vehicles
7:34 - Invest in US vs China? (ft. Taiwan & political tensions)
9:46 - Munger's criticism of China
Yes, China's system works.
That's why I love Ponzi schemes too.
It has made me into a multi millionaire that I am today
China haters will say Charlie Munger is a CCP agent... 😂
Great compilation by the way
Most Entians will say that
Spot on
😄 Actually it's true. The CCP has also been paying them lots of dineros to become billionaires to say positive things about China 😂
@@tubbietubby there is no medicine for ignorant
@@tubbietubbyProve
Munger visits China but not really all that often. Not as often as Cook, Gates or Musk. Certainly not as often as his knowledge of China would have you believe. I know; I’m Chinese. A d yet it both baffles and impresses me that everything he’s said about China is spot on. A highly perceptive and obviously intelligent investor.
The same reason his company is based in Omaha and not NY. He can assess the companies, he doesn't need the BS and hype being there.
You’re baffled by Munger because you don’t understand that a non-Chinese person can grasp China better than a Chinese such as yourself. For some reason you believe the more physical visits to a locale means a greater understanding. Superficial at best.
So he said he likes china and you agree, because... obvious reasons lol.
For Munger understand leadership:
Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice."
Like Queen Victoria Empire 1850's time, need not see the detail, but understand their direction.
@@gezenews One need understand others choice, just notice the result. $270k invest for $8 Billions profit
One should understand Deng Xiaoping also said "To Get Rich is Glorious"
Charlie Munger has proven himself to be right. A lot more than the crazy Washington politicians. Too bad for America, Charlie was not in charge in Washington.
This man is so brutally honest, and he has to be with a business to run.
The United States is still number one
He emphasised so called intellectual honesty
He wore rose colored glasses. It was painfully obvious. Munger saw exactly what the Chinese wanted him to see without disclosing hidden political intentions. He saw and commented on the red flags but waived them off. Why? Because his personal interests came first. Greed blinds.
@@seraph3761so you saw through all these Chinese but Munger couldn’t bc he wore rose colored glasses and you had none? Man, you must be one intellectual genius.
@@shineluvslambiel thanks
As an American, He got guts and integrity, RIP forever Mr Munger.
Charlie Munger died at the age of 99 !
Was Charlie able to live that long because he had organs transplants in China ?
Do you know that in China, foreigners can schedule an organ transplant ?
Chinese doctors will find an organ just in time !
These truths will never be seen in the mainstream media
yea
That's the reason why Charlie Munger and his buddy Warren Buffet are one of the most, if not the most successful investors in the world. They see and think totally different from the American politicians, who are such a joke.
Ver el color del billete y no el color político, eso es lo que hace todo buen negociante.
?,世界上最成功的故事投资者难道不是美国国会议员吗？，佩罗西和他的朋友们股市投资盈利率在100%+。
Election driven by emotions, not rationality. Reverse rationalization is justify emotional decision. Politicians experts at manipulating voters emotions. Unemotional ones like Munger and Buffett are the most rational people.
Because they are investors not politicians. US politicians lean more towards human rights and ideology.
Before the elections, American politicians spend millions in publicity, opposition research and writing populists speeches to get your vote.
Once in power, they beg the Oligarchs for money for their next campaign... and need to do the Oligarchs bidding in order to get money.
CBS: Are members of Congress becoming telemarketers?
Apr 24, 2016 - It suggested representatives should spend four hours a day on "Dialing for Dollars" and just two hours a day on the business of Congress
Why can't the US "democratic" system elect leaders like Munger and Buffet and not warmongers like Bush, Obama, Clinton and Biden?
And Trump. He didn't start any wars but he didn't stop the ones going in his time.
Because the system is so corrupt, that it became a government that the best money can buy.
@@ijatpingrhyb Very true.
if you think vote makes a difference, then you are so gullible.
If you think different presidents make a difference, then you are so naive.
How do you expect ignorant voters to elect great leaders...leaders should work their way up and merit as the resources and certification..
270000 dollar investment turned into 9 billion? If only i had the spare cash 15 years back.
I think he meant $270 million based on what I could find 😂
@@BordersLess i was thinking, that's lower than a price of a house in Australia and he got 9 billion? lol
@@BordersLess If they hold the investment, it is probably going to be 9B soon. BYD is going to take over the global car market.
@@BordersLessThat's because 270 million to him is like 270 thousand! 😁
both mexico & chile believe in china and their china dream. china made both our nations better in many ways - bravo china for all you did & what you done for us...
8:20 - As a man of Indian origin, I fully agree. I'm so embarassed by my country and the ultranationalism wave.
One very honest Indian 👍🏻
From : Singapore 🇸🇬
What is there to be ashamed of India Democracy is different from Communist dictatorship Both countries are v different politically Though China is as diverse as India no one can raise their voice protest & go to court look at the issues India has to face from their minorites & overseas anti nationals yet they are coming up U can't compare countries Each has its own problems especially in a democratic country
@@saraswathykrishnan1718 See, you have a very limited and in fact incorrect view of China. People can and do protest in China; if you lived in China, you'd know this. But you can rely only on anglo media, which gives a distorted view of China.
Yet it's true that, relatively speaking, protests don't happen that much in China. I can think of at least 3 reasons for that: (1) Culturally, Chinese are just not that much into protesting; they will tolerate things up to a point, after which they'll jump straight into a full-scale riot or rebellion, not some lame march (the Chinese have rebelled against their leaders countless times in history...but have not reached that point yet in the current era, because the government is doing an excellent job); (2) their official channels for complaints and redress is working relatively well; things get fixed, and very quickly; (3) things are going great for them now, economically-speaking, so no real need to whine.
I admire the Indian civilization, but not the hype, the talk, talk talk and denial mode.
If people cannot see things as they are, they are doomed to find their wild dreams shattered.
@@saraswathykrishnan1718 Social Caste & its reservation system trigger brain drain to other developed countries. India lost human capitals to others gain prosperity in a deal. Caste system since 3000 years ago. Need Nelson Mandela of India(abolished apartheid in S. Africa 1994)
In US politics, you are paid by your financial sponsor to carry out the policy benefiting the sponsor and NOT for the people or the country.
事实上，美国在工业的衰退，就是因为资本家绑架了政客。
因为他们采取的策略是：一旦竞争力不够就捐款给政客，然后他们用各种理由发起议案制裁对手。结果是美国的大部分工业逐渐衰退。美国人要消费高价低质的商品。
That came about in the 1932 under FDR Presidency... When one can control the mob, Democracy kicks in...
It's called legalized lobbying, which in any other country, would be called "bribery"
@@peanut0brain
It's legalised CORRUPTION.
Their capitalist wealth "captured" their political system and thus government, so they are "legally protected" and now impossible for the common people to fight them to make any real change. 😮
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
love china and all nations must get along with china and the likes... from chile and mexico!
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
RIP Charlie Murger, one of the great man with great vision.
In China it is easier to implement policies and stick to it for long term, unlike USA where you change the President every 4 years.
In China the government controls the billionaires. In the USA the billionaires control the government.
The president comes and goes but all the vultures are still in the same place for life 😂😂😂
And there's also the matter of how the presidents will roll back the decisions of previous presidents, so that it becomes like a game of Tug of War.
But you can have policies that extend 4 years, it's not perfect, but it's better than having a dictator for life
It must better than genocide and dictator Biden @@黃一-h6b
Mr. Munger is so smart and practical. I greatly respect his perspectives.
Well said about China matters. Smart man full of wisdom & knowledge. Missed you & God bless. 🙏
All US politcians, please listen to these great gentlemen, ok!
Election driven by emotions, not rationality. Reverse rationalization is justify emotional decision. Politicians experts at manipulating voters emotions. Unemotional ones like Munger and Buffett are the most rational people.
Never gonna happen! The U$ regime is too greedy and corrupt!
You think they don't know? The problem is they are driven by self interest and self perservance. They never spend a second thinking of the common people
No they won’t lol 😂 arrogant is what lead them to believe they’re better than everyone.
The super China has super concepts always.
THE TRUTH AND NOTHING BUT THE TRUTH
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
Wise man
He's a traitor.
@@TacticalMayoAmerican is more arrogant
Wow someone that is speaking sense. That is rare in the US.
China is more accountable than many countries. Investors are feeling safe and enjoying high return on investment in China.
Kfd and Starbucks makes more $ in China than USA, and apple just opened the world's biggest Apple store in Shanghai
Well no. Beijing just recently outlawed and imprisoned foreign business men from doing due diligence, which it now seems is against the law. This can only add to the exodus of firms leaving or having already left.
@@timmyg44 give the link, you effing liar. Apple just opened the world's largest Apple store in Shanghai
@@timmyg44 and more German companies came to China since Ukraine War.
@@peanut0brain 2nd largest, liar!
Words come from the most influential investers. China is a better investment than US.
Nope
@@TacticalMayoYes, you invest in tent cities 🤣🤣🤣
@@fzmoifzmoi2575 nope in nukes 😉
Transfer all your money into their banks then, bet you won’t
@seraph3761 then send the rest of your money in something profitable... like ukr.
china and US should get along . he is right, china is not us enemy,
They made themselves an open enemy of the US in 2022.
China never was anyone's enemy. It's the US making boogeymans here and there.
We've to listen to these wise,and successful people.
The difference in China's success story( from rags to riches in 70 years)and US ( from riches to rags in 50)is one factor,corruption(in the US)and lack of in China.Based on population numbers( China has 5x more people),corruption in USA has to be at least 5x greater.Inversally proportional.Considering everything else equal(which I know,not exactly because work ethic and commitmen for the common good is stronger in China and very weak in the US).
The point is the US can never treat China equally owing to pride and jealousy. So the win-win strategy will never happen.
I am Chinese. I don't believe in Luck, I only believe in Knowledge ! Knowledge is Power !
Charlie, charlie, charlie...CHAMPION!
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
I which American Elite can reflect on these Charlie monger quotes.
Thank you Sir 🙏🏻🙌🏻❤🏮🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳
I remember the day the news that Warren Buffet of Berkshire Hathaway, coming back from poor China, invested $200 million into an unknown company called BYD. I snickered and thought those were lost dollars. Tesla cars were the way, I thought. Now, looking back, I should have taken better heed.
Respect to him for speaking truth ! He’s spot on !
Soon Chinese parents will look at their children at dinner time and say "eat all your food Jr. People in America are starving"
A good one. Lol.😅
Have u moved to china yet?? If not, you should
In China, family is so utmost important, and in America, the right to vote. In US the democrat hope the republican fail and vice versa ...the republican hope the Democrats fail...end result, dysfunctional, yet they are so proud of..In China the government people rise through a vigorous merit and voting system so the cream goes to the top...the American call totalitarian..paradoxical but how ignorant..
I love his comments! The Chinese simply have a much more effective government at this time, just don’t understand why we cannot cooperate with them.
its like a town full of gansters, but everything just working out fine, you pay those gansters and get back to your life. then there comes this new guy, used to be very poor and unnoticable, that is became rich and trying to help everyone except paying those gansters, guess what will happen?
usa: democracy
china: dictatorship
Imagine, just imagine, in a world that everyone on earth could leave things like power, leading and such behind and work together, towards a better life together, it would be a much better world....
Excellent ❤Brilliant ❤Beautiful ❤
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
the system is unleashing its potential
I miss Charlie. He knew that friendly relations would be reciprocated and bring win/win and, most importantly, world peace. Today’s leaders are taking us on the opposite path.
Charly Munger, !! very impressive and unforgetable !!
Incredible interview very Enlightening 👌🙏
Key difference in the system: Power transfer in China really transfers the power. Power transfer in US.. well the true power is never with the government in the first place
america never learns from it's mistakes n failure thinking that us military power n it's hegemony can rule other countries with an iron fist-- not now or ever!!!
Charlie Munger is trying to say, Change is Inevitable and while we exist in that particular moment of awareness, we must learn to choose how to manage that moment. What eventually happens to you, cannot be seen ; but what you do to other people persists in the awareness of your associates, be they be friends or victims. The world may have various names for CM, but is content to be honest and humane.
Trump had made a very big mistake of banning Huawei he had make China make their chips 😂😂😂
Send this video to fox, nbc ,cbs,abc ,cnn newyork times etc etc of course they dont gonna broadcast
LKY : The unification of China is inevitable. A matter of time. And time is on China's side. No American intervention. The Americans can do their own calculations. Taiwan is a core issue of China and a peripheral issue of the US.
Unquote
This should go viral! Educational and intelligent!👍👍👍
Chinese have President Xi and US have sleepy Joe, follow by criminal Trump. 🤣🤣🤣
Thanks for sharing!
How US can maintain its no. 1 power. But not it's hegemonic power.?
1. US need to change many of its policy 180 degrees both external and internal policies.
Starts with external policies.
a) start reducing it's hostility towards Russia, China, Iran and North Korea. Stop the Ukraine conflicts and Palestine conflicts.
b) reduce its military bases overseas that threaten Russia, Iran, China and North Korea.
This will saves billions of dollars. Sell those overseas assets and repatriate the Dollars 💰 💵.
c) cancel all sanctions against all other countries.
d) stop interfere in other countries internal affairs. Stop regime change.
e) stop weaponize the dollars and swifts system to maintain as public goods. Built back trust. Honored all agreement's to gain international trust.
f) built back US deteriorating socially and economically. Improve all basics necessities and to reduce cost of living. Starts to re educates people on safety and reduce crimes, drugs, guns violence. Reduce homelessness. Eradicate corruption by those corporate and external fundings that control the US politicians and government.
Just a few ideas, good luck US otherwise that's the end of American dreams. Period ❤❤❤❤❤
Good advices . But I don't think the US politicians will ever accept them because they deeply believe in their exceptional ism and in their hegemonic power and in their military might although they are losing ground in many fields. Only a profoundly weaker could accept and apply the advices( out of necessity or catastrophic economic downturn)and certainly not in my watch who is a retiree.
Wise suggestions. Liked. But I think the US admin will do the opposite.
Never ever pick on China. 💪💪👍👍👏👏💯💯♥️♥️
They are not in the govt as such could speak the truth but when 'put into' the govt by forces that be, they won't be allowed to say the truth but have to say lies put into their mouths.
You are right; they are not working in their US government. Those who are including the presidents actually are not holding the power. They are being controlled by the inner circle of neocons who actually wield the real power. This group of power crazy zealots control almost everything from military complex to financial institutions to media, etc etc. For all those people who still think the US presidents are elected democratically, they must be still sleeping under their coconut shells.
Charlie Munger and Warren Buffett are the best investors in the world 👏👏👏👏🤞
A very wise man
Jack Ma wanted China to be more like the US, insofar as the merchant class (i.e. the oligarchs) should have a greater say over government policies. And yet, that is one of the most pressing problems in the US: the oligarchs completely control the government in the US, to the point that government policies serve corporate interests 100% and completely ignore the needs of the 99% of Americans that are not multi-millionaires.
Shutting down Jack Ma was one of the msartest things the Chinese government could do, as it preserved the system that allows for the increasing prosperity of the average Chinese (and allows for the rather difficult task of fixing the income inequality problem that still persists in China).
Many thanks for sharing, much appreciated 👍❤
Wise man indeed.. don't believe in luck, believe in odds!
This man is right he knows more than we know. So I lisnten to what he says
A lot of respect to Munger.
Too bad this mr was a business man instead of the President of the united States of America.
Words of wisdom from a man who has great visions :)
What a honest man!!!
1:35 $270.000 investments grows to 8/9 billion in a relatively short period of time, that's not a pretty good rate of return, that's BRUTAL, undoubtedly the most brutal rate of return in world history.
The wisest thing American extremists should learn and understand.
China is the only big civilisation that its people loves to work and that is also so biblical.
These two old guys are not only smart but they also have good senses and good logic. They have first have experiences and they see the positive things. They follow the growth of China, and they are very confident. They are successful business men!👍👍
The US need more leaders like this man.
Democracy is hippocracy. - Malcolm X
Americans should get information on China from the same sources Charlie Munger did?
God should have given Charlie another 10 or 15 more years.
True wise man
Respect from a Chinese
one thing i admire about munger...his chair is so big.....oooooh
Everyone knows this, but their feelings can't take it
Thank you 😂😂
I believed leaving the EU would make Britain independent. Not under the thumb of America. If I have a choice between USA and EU I choose European Union. America doesn’t give a dam about Britain , look at Ukraine, that’s the future for Europe if we don’t dump America and the Dollar.
Well the fact is after leaving the EU, Britain has fewer and fewer international power influence. All people outside Britain can only notice when it changes another prime minister or news of its royal family.
@@nannangao7256 I don’t want a Royal Family they are Tyrant’s. As for the EU why change one Tyrant Family for another. When you have US as a friend, you don’t need any enemies. UK should be None Aligned, and have no enemies and trade with everyone regardless. Be Neutral like Hungary 🇭🇺.
India can NEVER grow like china
Waiting for them to be called grifters
A great investor genius
Mr Munger is so intelligent!
Entia still struggling with toilets
Charlie is right; the Chinese tend to believe they won't be so unlucky, and many times they are wrong.
Thumbs up 👍
Chinese don't do drugs, they gamble
I agree with these two gentle men. Wise and talking sens
Libre mercado sin libertad de mover productos es una contradicción.
Jack Ma got what he deserved for popping off LOL
He got way too arrogant, like so many people rich or poor. Ha.
He is so right, Chinese people love gamble.
He is also right, it is in their culture.
Chinese have much respect for americans. Certain americans for sure...like munger. There's a lot of goodwill invested in the relationship of both countries. If only US willing to get off its high horse and extend an olive branch...china will meet the US half way for sure.
2:50 哦说的太对了。这个人懂得太多了。
Right now, at this moment, in Hong Kong, the stock price-earnings ratio of China's largest securities company and the largest property insurance company is only 6-7 times, and the dividend rate is as high as 5%. China's best real estate development company, which can earn an average of 30 billion yuan per year in the past 5 years, is now only sold for 50 billion yuan, and the largest reinsurance company directly controlled by the Chinese central government has a dividend rate of 8%. Yes, you read that right. I have been in the stock market for 30 years and have always paid attention to the stock prices on Wall Street in the United States. Really, compared with Chinese companies listed in Hong Kong, American stocks are simply unreasonably expensive.
as long as it make them richer its good 😂😂😂
Actually us can't compete with Chinese ev
Charlie Munger maybe right, but let it be known, China PRC model today is that of Queen Victoria in the 1850's. best said:
Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice." British citizen went out world wide and build enterprise, commons with the backing of the British Empire aka Army of banks.
Today model of China PRC Brick & Road Inc. aka BRI was model to Rome: All road lead back to Rome.
I also belive in luck, and I know fore sure I have very bad luck in gambling; therefore, I almost never gamble in almost anything. 😂
Actually Deng Xiso Ping was SAD to.see other countries are modernising while China still riding on bicycle. He was eager to.see other people lived in other countries. Even the Japanese, theur arch enemies lived a better life than them. He said , We have wronged the Chinese people....
That is why he said, it doesn't matter what color of cat. as long it catches mice. 5hat is when he adopted other countries policy especialy Singapore. Singapore is relatable as Singaporean ate mostly Chinese descent..So it us easy to learn as both have same customs.
World leaders are responsible for all the war, and all the bad decision based on their religious view, their bias on a particular nation. We whole world should work together and make the world a better place for our future young generations. Who is suffering with all these bad decisions and hates among different religious people and nations? Answer is us, our children, all the future generations.
God bless you, Charlie Munger. Rest in Peace. 🙏🕊🌹
Is China in economic relations with USA is more.trusted
TRUTH!!!
Buy NIO stock, last chance before it sky rockets. That is my tip to the struggling Americans. Charlie Munger is like wise sage, he see things as they are, he seems spiritual to me.
This video is from 2021 Buffet and Munger lost tens of billions in Alibaba and Baidu and had to pull 100% out of the Chinese Stock market vowing never to enter it again because their investments lost 70% look up the stock prices of Alibaba, Baidu, Huawei, NEO, they all dropped 50-70% in the past 5 years. They admitting they were wrong about Chinese companies and Chinese stocks by 2023 after realizing how far the market has fallen and not recovered. Now look up Nvidia, Microsoft, Google, Apple the last 5 years and compare....up like 200-300%. Its a joke putting this up in 2024 you must be so stupid and ignorant definitely not an investor.... I can understand if u post this in late 2021 or even 2022 but....this is dumb
This company's profitability is not good, I suggest you sell it quickly. My cousin is the marketing director of a major automobile manufacturer. I asked him which company has better operating conditions, Li, Nio or Xpeng? His answer is Li > NIO > XPeng. Li’s profits are currently stable, NIO is barely breaking even, and Xpeng is losing money. Now that BYD's new hybrid technology has come out, the Li prospects will become worse.