Advices to young investors - interview - Charlie Munger

Описание: In this exclusive interview, Berkshire Hathaway Vice Chairman Charlie Munger pulls back the curtain on the "uncommon sense" required to build wealth and lead a rational life. At 95 years old, the investing legend discusses everything from the US economy’s "terra incognita" to why he steered Warren Buffett away from "cigar butt" investing and toward high-quality brands.

Munger shares his blunt take on Silicon Valley's unprofitable unicorns, the morality of share repurchases, and why he believes his "wise-assery" at the Berkshire annual meetings is a spontaneous historical accident.

💡 What You’ll Learn:

The Power of Rationality: Why the standard human condition is "ignorance and stupidity" and how to fix your own miscognitions [01:30].

The Shift in Strategy: How Munger helped Buffett move from "cigar butts" to great brands like Coca-Cola and Apple [04:26].

Simplicity as an Advantage: Why Berkshire avoids bureaucracy and keeps billion-dollar deals simple [06:07].

Investment Filters: Why Munger ignores companies losing billions (like Uber) in favor of high-accuracy predictability [07:46].

Career Advice: Why you shouldn't try to "emulate" Munger's path by flitting between careers—and the Mozart story you need to hear [13:09].

⏳ Skip to a Topic (Chapters)

[00:00] Intro: The Legend of Charlie Munger
[01:30] Why "Common Sense" is actually "Uncommon Sense"
[02:24] The US Economy: Printing money and "Terra Incognita"
[04:26] Moving Buffett from "Cigar Butts" to Quality Brands
[05:39] The Power of the Coca-Cola Brand
[06:07] Why Berkshire avoids Pompous Bureaucracy
[07:46] Munger’s take on Silicon Valley IPOs and Uber
[08:24] The Truth about Share Repurchases
[10:50] Lessons from the Army & Avoiding Bureaucracy
[13:09] Advice to Young Men: The Mozart Story
[14:16] Why Munger didn't sign the "Giving Pledge"
[16:10] The Future of Berkshire Hathaway

📚 Further Reading (Amazon Links)

Master the mental models discussed in this video with these essential reads:

Poor Charlie’s Almanack by Charlie Munger (The definitive guide to his wit and wisdom): https://amzn.to/4s5g8AJ

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder: https://amzn.to/3ZOI4g9

Seeking Wisdom: From Darwin to Munger by Peter Bevelin: https://amzn.to/3MKhvpn

The Intelligent Investor by Benjamin Graham (The book that started it all): https://amzn.to/4aE7MJi

Disclaimer: As an Amazon Associate, I earn from qualifying purchases at no extra cost to you.

🔗 Connect With Us

📺 Subscribe for more investing insights

If you enjoyed Charlie’s wisdom, hit the Like button and let us know your favorite "Mungerism" in the comments!