The Munger Way - Why I Do Nothing

In this insightful interview, legendary investor Charlie Munger shares his wisdom on long-term investing and the pitfalls of gambling in the market. Munger emphasizes the importance of patient investing and focusing on intrinsic value rather than short-term fluctuations. With decades of experience and remarkable success, Munger's approach has proven to be highly effective.

Throughout the video, Munger discusses the contrast between gambling and long-term investing, highlighting the advantages of deep thinking and a long attention span. He shares his perspective on the market's ability to reveal truth and explains how Berkshire Hathaway's investment strategy differs from the behavior of gamblers.

Munger reflects on his own investments, such as Berkshire Hathaway, Costco, and Li Lu partnership, which have yielded significant returns over time. His remarkable journey in the investing world exemplifies the power of long-term commitment and careful selection.

At 95 years old, Munger continues to embrace the Confucian ethos of constant learning, dignity, reason, and improvement. He and Warren Buffett embody these values, which resonate with people around the world. Munger's passion for books is evident as he mentions his voracious reading habits, primarily focusing on biographies and history.
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[simpleinvestings]

🙏 We are incredibly grateful to our viewers for joining us on this enlightening journey with Charlie Munger. Your support and engagement mean the world to us!
Thank you for being a part of our community! 🌟💼 #Gratitude #ThankYou #InvestingWisdom

[aisqwe]

yeah its easier when you have insider info

[neilbrown]

I have a question what do you think about government mortgage backed securities agnc investments to hold onto get there high dividends and just see if or when rates go back down and holding for 10 plus years or more...

[OneBigByte]

Nope. Not for me. 50 years to gain profit, for what? an expensive gold-plated coffin?