Mistakes were made! Benjamin Franklin, as some have pointed out, was never an American president, he was one of the country's founding fathers. Apparently, I took for granted that every important political figure from the U.S. must have been a president at some point, and I missed to cross-check that one. Sorry! (At least I seem to have been 50% correct, as I also stated that he was dead, which no one has disputed yet) Charlie Munger's Mental Models: ruclips.net/video/ywyQ_eNNCJU/видео.html
Most wise investors with crypto uses the opportunity of when there is a drop in the market to buy and day trade with a working strategy and a plan to navigate the market system using the low price in the market to trade daily speculating the increase in price. Get a working plan today for that profit-making. fact is, BTC is the future of crypto and the questions traders ask themselves now is if this is the right time to invest ? Before jumping into a conclusion I think you should take a look at things first,for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if is going bearish or bullish. while others still continues to trade without fear of losing, others are being patient. For me trading has been going well because I use a day trading system that helps me with signals which have made me to accumulate over 8.5btc in two weeks.get a working strategy with the help of an Expert Jackson Williams and on wtsap contact 👇👇👇👇 ….(+)...(1)...(2)...(1).....(3)....(8)...(7)..(3)...(7)...(3)....(0)...(3)...
I think Buffet and Munger both paired up in trading, forward trading, spread the news and momentum trade that in those days were not a crime. By the time rules changed they had enough in their pot and people who where ready to invest in their company.. Look at how Elon Musk is inflating both Bitcoin and Tesla by tricks...
@TrollMaster Fictitious Fables of Europa True and now all asset classes have been super inflated. Another example is people who have huge real estate assets in NY are asking for rents for restaurants and other commercials that makes business very difficult to operate in profit. I see 2 things happening. Either some banks going broke again or small business people moving out of places like NY.
Lot of people say reading is key to success, sure, but I think consumption of information is the key, which today can be done through many different ways, not just reading paper books. Including watching a video like this. In the end though, it matters what actions you take.
Charlie Munger is a fascinating character. I believe that Munger has always believed in holding an ultra concentrated portfolio and in his Investment partnership used to borrow as much as possible to boost returns. This is something that both Munger and Buffett have warned against doing when asked at the Berkshire Annual meetings!
The video ignores some salient and determinative facts: Munger was in Los Angeles, which was growing rapidly, and invested in the rapidly growing L.A. real estate market. Gene Autry, the cowboy movie star, and others made big money the same way. Being in a large market in an industry that is rapidly growing is vital to making that first million. Those favorable circumstances are rare in small cities and rural areas, leaving securities as the only investment vehicle available, which requires greater financial acumen than most of us have. Which is why mutual funds are the ideal investment for most people. But even ordinary people can profit from the stock market if they stick to well-managed mutual funds, invest a little money regularly, and let smart people do the investing for you. Over a period of decades, the compounding effect has made millionaires of many people who had no understanding of business or securities.
Quality video my friend. I could tell it from the first 3 minutes by how you introduced the rough path Charlie Munger took to get his first 1 mil. Now I'm continuing the video :)
Very well made video as all ways! But there’s a slight correction, Benjamin Franklin was one of the founding fathers of the US but he was never elected President of the country.
Do you know why he wasn’t US president? Because he wasn’t born in America. There was another person that in US currency but wasn’t US president, do you know who that person was?
Loved the video, so much interesting information. Appreciate the time you spent on putting this together, pieces from books, snippets from here and there, it must be an insane amount of work! Thank you very much!
I thought "one of these is not quite like the others". But the fact about Munger performing better than Lynch was definately a crazy interesting fact I dodn't know
Exceptional storytelling mate! This video showcasing how the legendary Charlie Munger made his first $1,000,000 is a testament to his unparalleled wisdom and tenacity in the world of investing. The creators have masterfully chronicled the key moments, decisions, and strategies that shaped Munger's early success, providing invaluable lessons for those seeking to follow in his footsteps. It's truly motivating to witness how his unique perspective and disciplined approach to investing laid the foundation for the immense wealth he would eventually amass. I'm grateful for the opportunity to learn from this brilliant mind, and I highly recommend this video to anyone looking to gain insight into the mindset and tactics of one of the most successful investors of our time. A captivating and educational watch that should not be missed!
Maybe we have different definitions of what it means to be "self-made", but after watching your video, I would have to say that Munger is decidedly NOT a self-made man. He had the extraordinary advantage of some great connections. This combined with his determination and intelligence is what allowed for his riches.
While I do agree, someone can have all the connections in the world and settle for a comfortable life without pushing themselves. Munger isn't entirely safe made, that's true. I do think his pursuit of information was definitely going to suit him had he not been born into their connections.
If you're not abandoned in a dumpster, you're not self-made 😁 And consider those with negative family; people with sick family members to look after and thieving family members to look out for. If you're from a lawyer family and your connections got you into Harvard, I sure don't consider you self-made.
I liked the video at 20' after earing about the "Invert principle". Just great! Then I realised it wasn't the first good video from this channel I watched. So I subscribed 😊
make munger's models. by the way, great channel. i often get bored with channels like this, but you have a lot of variety and genuinely good content to keep me watching and happily subscribed!
The fact that both came out of the same town and worked in the same store and still found each other is mind-blowing. Imagine how they talking about past and found out both did
I just wanted to ask you-- Do you remember me??(I'm 18 now and had once asked your advice on how to start. It has been 1 year since I started investing and have achieved a CAGR(growth rate) of 22%.Thank you as you were my first mentor/teacher of fundamental analysis
Of course I remember Sarthakk Gangwani 🙌 I'm glad to see that you're still around and congratulation on your performance. Hope I'll be able to produce more information which you'll find valuable for your investing career here in the future too.
@@TheSwedishInvestor can you please make a video on Bitcoin (as it has no inherent value),so why do people invest in it and also the super high pe of Tesla
Both Warren Buffett and Charlie Munger grew up upper middle class. Charlie's grandfather went to Harvard. Warren Buffett's dad came from a wealthy household. Charlie worked at the Buffett's grocery store when he was younger. And Warren's father owned a brokerage company and was a US congressman for one term. Warren got a lot of referrals to his first investment firm through his father. Additionally, they lived during the greatest financial boom in America's history starting in 1972 when Nixon took the US off the gold standard, which resulted in the US government pushing down interest rates to pay for the increasing US debt. The US stock market (S&P 500) averaged around 30% yearly returns starting from 1980-2000. A monkey throwing darts against a dart board could have returned at least 20% returns a year.
Cathie Wood is a joke, no need to include her here. Just calculate her average without the 2020 performance where she got a lot of coverage from the financial media (not for her bets on volume and hype sadly).
@@lawrencesalazar6015 That's not the point. You should understand how she/they generated the results they had in 2020 before idolizing this kind of people. Besides, if you beat the market in 1 out of 20 years you kinda are bad at doing it. How can you know the 1 time isn't just luck? In this case, it's risk-taking, playing on liquidity and hype. Nothing special about her.
I wanna know how much time you put in making these videos they are perfect even the adds appear at the right time for example when you said like and comment an add came to give us time to like and comment without missing a part of the video.
It's a good idea Tinman Enterprises, thank you! There's at least one other person that will be covered in a future video in case I'm able to dig up enough information 👍
It's a good point! Also, he managed a lot more money which makes it more difficult. However, I think both of them qualify as two of the greatest to ever do it.
But his portofolio is hard to replicate/follow because of it’s sheer size of diversification :( You need a gigantic amount of wealth to actually feel the benefit of each portofolio...
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION.* *RICH MINDSET SEEKS TO SPEND THEIR TIME,* *RESOURCES,* *AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED.*
Hehe not legit at all. I try to remove all such comments but to be honest its difficult to keep up with the bots! Cheers for the support though Charles50Kal! 🌟
Mistakes were made! Benjamin Franklin, as some have pointed out, was never an American president, he was one of the country's founding fathers. Apparently, I took for granted that every important political figure from the U.S. must have been a president at some point, and I missed to cross-check that one. Sorry! (At least I seem to have been 50% correct, as I also stated that he was dead, which no one has disputed yet)
Charlie Munger's Mental Models: ruclips.net/video/ywyQ_eNNCJU/видео.html
Make Munger's models!
Long videos are better than the short ones .
# appreciated
Most wise investors with crypto uses the opportunity of when there is a drop in the market to buy and day trade with a working strategy and a plan to navigate the market system using the low price in the market to trade daily speculating the increase in price. Get a working plan today for that profit-making. fact is, BTC is the future of crypto and the questions traders ask themselves now is if this is the right time to invest ? Before jumping into a conclusion I think you should take a look at things first,for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if is going bearish or bullish. while others still continues to trade without fear of losing, others are being patient. For me trading has been going well because I use a day trading system that helps me with signals which have made me to accumulate over 8.5btc in two weeks.get a working strategy with the help of an Expert Jackson Williams and on wtsap contact 👇👇👇👇
….(+)...(1)...(2)...(1).....(3)....(8)...(7)..(3)...(7)...(3)....(0)...(3)...
Ben Franklin never was US president. He was one of founding fathers.
I think Buffet and Munger both paired up in trading, forward trading, spread the news and momentum trade that in those days were not a crime. By the time rules changed they had enough in their pot and people who where ready to invest in their company.. Look at how Elon Musk is inflating both Bitcoin and Tesla by tricks...
@TrollMaster Fictitious Fables of Europa
True and now all asset classes have been super inflated. Another example is people who have huge real estate assets in NY are asking for rents for restaurants and other commercials that makes business very difficult to operate in profit.
I see 2 things happening. Either some banks going broke again or small business people moving out of places like NY.
Make mungers model. This Man is a genius. He improved buffet and graham's model. Which drove fundamental analysis..
Rest in Peace
My guy is a physicist, economist, lieutenant, hamster collector, investor, and a lawyer
respect up 10000x more
Forgot about architecture 😂
Lol hamster
That's hilarious lol.
An a wonderfully brilliant smart ass a great person.
17:07
"Intelligent people make decisions based on opportunity costs."
-Charlie Munger
Lot of people say reading is key to success, sure, but I think consumption of information is the key, which today can be done through many different ways, not just reading paper books. Including watching a video like this. In the end though, it matters what actions you take.
Exactly
Small correction: Ben Franklin was never elected president of the United States.
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Make Munger's models! ❤
Hello and thanks. Make Munge’s model pls!
Charlie Munger is a fascinating character. I believe that Munger has always believed in holding an ultra concentrated portfolio and in his Investment partnership used to borrow as much as possible to boost returns. This is something that both Munger and Buffett have warned against doing when asked at the Berkshire Annual meetings!
MAKE MUNGER’S MODELS!
These “First Million” videos are top notch!
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@@pheonahemsworth373
Fake profile
Thank you! What a great video documentury.
Kid`s death is the biggest setback anybody can ever have!
Or.. make you less fragile in the long run? Always two sides to a penny
The video ignores some salient and determinative facts: Munger was in Los Angeles, which was growing rapidly, and invested in the rapidly growing L.A. real estate market. Gene Autry, the cowboy movie star, and others made big money the same way. Being in a large market in an industry that is rapidly growing is vital to making that first million. Those favorable circumstances are rare in small cities and rural areas, leaving securities as the only investment vehicle available, which requires greater financial acumen than most of us have. Which is why mutual funds are the ideal investment for most people. But even ordinary people can profit from the stock market if they stick to well-managed mutual funds, invest a little money regularly, and let smart people do the investing for you. Over a period of decades, the compounding effect has made millionaires of many people who had no understanding of business or securities.
Quality video my friend. I could tell it from the first 3 minutes by how you introduced the rough path Charlie Munger took to get his first 1 mil. Now I'm continuing the video :)
Very well made video as all ways! But there’s a slight correction, Benjamin Franklin was one of the founding fathers of the US but he was never elected President of the country.
More Munger and Buffett videos please. Keep them coming. Great stuff.
Your content is so high quality
Love the video. Quick note of correction. Ben Franklin was a “founding father” but never actually President of the United States.
Do you know why he wasn’t US president? Because he wasn’t born in America. There was another person that in US currency but wasn’t US president, do you know who that person was?
@@jacknguyen5677 He was fairly old after the Washington Administration.
@@karenshea7877 Alexander Hamilton was another person on ten dollar Bill, but wasn’t US President, because he wasn’t born in America!
@@jacknguyen5677 Ben Franklin was born in America.
No... Franklin is the best friend of Micheal da santa
Make Munger Models! This man is my ideal. I love his thought process and ideas. I can only dream to be half as smart as Charlie.
I second the Munger Models. Also the recap at the end is great for screenshots. Thank you for the great reviews.
Make Munger Models!!!
Loved the video, so much interesting information. Appreciate the time you spent on putting this together, pieces from books, snippets from here and there, it must be an insane amount of work! Thank you very much!
You should do more interesting videos about how people made thier first million. Always inspiring.
This is the best channel on youtube! What an awesome video ❤❤❤
To be honest I was about to throw up when I saw Catie Wood next to Peter Lynch and Munger o.O
I thought "one of these is not quite like the others". But the fact about Munger performing better than Lynch was definately a crazy interesting fact I dodn't know
Relax, it's just to give context about how wildly successful they have been.
Me too
@@alfredokaefer7263it was COMPLETELY incorrect. He got his facts wrong. Lynch averaged 29.1% over 13 years versus 19%
Nice work ! You are changing life with your great quality of work !! * Make Munger model * Take care 👍🏿 ⭐
Awesome video. Probably my favourite on here and I've watched a tonne. Make Munger's models please
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Exceptional storytelling mate! This video showcasing how the legendary Charlie Munger made his first $1,000,000 is a testament to his unparalleled wisdom and tenacity in the world of investing. The creators have masterfully chronicled the key moments, decisions, and strategies that shaped Munger's early success, providing invaluable lessons for those seeking to follow in his footsteps. It's truly motivating to witness how his unique perspective and disciplined approach to investing laid the foundation for the immense wealth he would eventually amass. I'm grateful for the opportunity to learn from this brilliant mind, and I highly recommend this video to anyone looking to gain insight into the mindset and tactics of one of the most successful investors of our time. A captivating and educational watch that should not be missed!
Even Munger was not immune to simping and losing everything to a gold digger in marriage. RIP
Well at least he got divorced early before really becoming rich.
Rich men are usually weak...to the vergina
Make Munger's models !!!
You are GOLD swedish investor. Great content. Munger is my top investor.
Rip munger ...... His learnings will be there forever
Maybe we have different definitions of what it means to be "self-made", but after watching your video, I would have to say that Munger is decidedly NOT a self-made man. He had the extraordinary advantage of some great connections. This combined with his determination and intelligence is what allowed for his riches.
There are definitely levels to the self-made game!
While I do agree, someone can have all the connections in the world and settle for a comfortable life without pushing themselves.
Munger isn't entirely safe made, that's true. I do think his pursuit of information was definitely going to suit him had he not been born into their connections.
bruh he got a harvard law school hookup without college degree 🤦♂️
No one is self made, we are all connected
If you're not abandoned in a dumpster, you're not self-made 😁 And consider those with negative family; people with sick family members to look after and thieving family members to look out for.
If you're from a lawyer family and your connections got you into Harvard, I sure don't consider you self-made.
I liked the video at 20' after earing about the "Invert principle". Just great!
Then I realised it wasn't the first good video from this channel I watched. So I subscribed 😊
Did this guy just call Benjamin Franklin a former President?
make munger's models. by the way, great channel. i often get bored with channels like this, but you have a lot of variety and genuinely good content to keep me watching and happily subscribed!
Thank you for putting so much research and effort to give this gift to us.
Thank you so much for the video..
Make Mungers’ models. And thanks a ton for the content!
The fact that both came out of the same town and worked in the same store and still found each other is mind-blowing. Imagine how they talking about past and found out both did
I just wanted to ask you-- Do you remember me??(I'm 18 now and had once asked your advice on how to start. It has been 1 year since I started investing and have achieved a CAGR(growth rate) of 22%.Thank you as you were my first mentor/teacher of fundamental analysis
Wow! Congratulations!
Of course I remember Sarthakk Gangwani 🙌 I'm glad to see that you're still around and congratulation on your performance. Hope I'll be able to produce more information which you'll find valuable for your investing career here in the future too.
@@TheSwedishInvestor can you please make a video on Bitcoin (as it has no inherent value),so why do people invest in it and also the super high pe of Tesla
@@sarthakkgangwani762 second that
Make munger's models. by the way nice imitating their voices! :D
You are doing great job with the channel. Thanks a lot
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I love this series. I love your Buffett video and now Munger's. Can you make Ray Dalio next?
wonderful video! well done!
Excellent video!
Make Munger's models ❤️
Nice vídeo, you do a great work.
Last time i checked you were on 70k So happy for you to be getting more subs now. Well done my friend!
Cheers Go Experimental, thanks a ton for the support!
Interesting video! Like the rest you make. Keep going! Would be interesting if you could do something on Munger’s models. Thanks!
Make Munger`s models!
My favorite RUclips channel!
Make Munger’s Models!👍
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I never miss your videos. Love your videos. Please make one on mosaic
Make Munger's models!
What a marvelous job you did on creating this video! Thank you so much! :)
Make Munger's models! Great video, loved it, thank u
$2 a day in 1936 is the equivalent of $40 now. Not bad for a 12 year-old in depression era America, not bad at all.
"Charlie's family grew through mergers and acquisition".
I can't believe you said that right when I took a sip of my coffee.
Thank you for the awesome content 👍
Very well researched video! Learnt a lot from this. Thanks a lot!
Great video.!
2:33 ayo kinda sus
Very informative video. Thank you. Make Munger's model video please.
Thankbyou for being in my life and showing me great wisdom
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Both Warren Buffett and Charlie Munger grew up upper middle class. Charlie's grandfather went to Harvard. Warren Buffett's dad came from a wealthy household. Charlie worked at the Buffett's grocery store when he was younger. And Warren's father owned a brokerage company and was a US congressman for one term. Warren got a lot of referrals to his first investment firm through his father. Additionally, they lived during the greatest financial boom in America's history starting in 1972 when Nixon took the US off the gold standard, which resulted in the US government pushing down interest rates to pay for the increasing US debt. The US stock market (S&P 500) averaged around 30% yearly returns starting from 1980-2000. A monkey throwing darts against a dart board could have returned at least 20% returns a year.
Cathie Wood is a joke, no need to include her here. Just calculate her average without the 2020 performance where she got a lot of coverage from the financial media (not for her bets on volume and hype sadly).
not everything is linear my friend, some people have to keep on doing the same thing for 1, 5, 10+ years before getting "overnight success"
@@lawrencesalazar6015 That's not the point. You should understand how she/they generated the results they had in 2020 before idolizing this kind of people. Besides, if you beat the market in 1 out of 20 years you kinda are bad at doing it. How can you know the 1 time isn't just luck? In this case, it's risk-taking, playing on liquidity and hype. Nothing special about her.
Exactly, how can Cathie compared to the legend.
Cathie is a damn joke yet they still have her on TV
Pls. make munger’s models. Great video btw.
Maybe a cigar butt approach is good for a long while till you have too much cash to continue doing that, then invest the Munger way.
I second that!
Concentration creates wealth, diversification preserves it
I wanna know how much time you put in making these videos they are perfect even the adds appear at the right time for example when you said like and comment an add came to give us time to like and comment without missing a part of the video.
Really good video as usual. Thank you.
Please consider doing the first million as a series 👍
It's a good idea Tinman Enterprises, thank you! There's at least one other person that will be covered in a future video in case I'm able to dig up enough information 👍
Peter Lynch wasnt allowed to use margin nor was he allowed to own more than 5% of a company. That is not a fair comparison by any means
It's a good point! Also, he managed a lot more money which makes it more difficult. However, I think both of them qualify as two of the greatest to ever do it.
@@TheSwedishInvestor They sure do, i just have a favorite with Lynch ^^
In case you missed the earlier comments, MAKE MUNGER'S MODELS
Thanks!
Is that Pikachu mixed with a yellow bear 🐻 😂 😂
Peter Lynch remains the Greatest Of All Time
But his portofolio is hard to replicate/follow because of it’s sheer size of diversification :(
You need a gigantic amount of wealth to actually feel the benefit of each portofolio...
@@mrartdeco it's too difficult... there's only one Peter Lynch ...but compounding is available for everyone
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@@solomon8973 It is unwise to give this advice by making these promises
Great vid!! Charlie is my pref investor of all time. Love your videos
yeah Charlie is the best
I highly recommend you a book "The hour between wolf and dog" " :)
Downloaded. Thanks
Great video, as always! Keep up the good work 🤩
Make Munger’s Models! we need this video from you. TSI :D
Thanks very great content!
BRAVO the swedish investor👌😍
Make Munger's models
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I love your animation and story telling. Will you share with me what tools are u using and how you did that?
Great summary. Amazing how much stuff he's been through in his life! Enough for several lives.
Great job! Thank you for the video.
Make Mungers Models!
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When you used whooping, you meant to say WHOPPING (very large). Tiny error in English usage. GREAT VIDEOS!
Make Munger's Models. Really i would love to hear it
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Thank you for your videos.
Make munger's models
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Thank you for the effort you put in to show and summarize a whole life.
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION.* *RICH MINDSET SEEKS TO SPEND THEIR TIME,* *RESOURCES,* *AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED.*
@The Swedish Investor scam.
Yeah. That's how you get all these bargain basements and clearance stores. Crap noone wants
Great job ! Very informative and I love your sense of Humor, this makes want to go out and invest even more!
_"[Because he was a Harvard legacy and a lawyer.]"_
There, I just saved you half an hour. *Occam's Razor*
You're welcome.
thx, i wanted to invest in stock, so im on my way to harward, Faculty of law
wish me luck
i love the finding your gf part. lol🤣
Swedish Investor for President 2024 👍🏻
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cool video, but a correction at 3:38, Benjamin Franklin was not an American president
Make mungers models
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Great video!
Make Munger Models!
Dina videos är verkligen jättebra, fortsätt gärna och "make Mungers video" 😊
Tack så mycket Christian! Hoppas att du kommer gilla resten av videorna i serien också.
Always consistent brilliant content!! What software do you use for creating your video im looking for something similar for work 🙂
My favourite channel on RUclips. Thank you for this content.
@The Swedish Investor must be legit
Hehe not legit at all. I try to remove all such comments but to be honest its difficult to keep up with the bots! Cheers for the support though Charles50Kal! 🌟
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