Charlie Munger: We Have A Serious Problem

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Charlie Munger, Warren Buffett’s right hand man, sat down for 2 hours for the Daily Journal Annual Meeting where he answered a wide range of investing and political topics.

In this video I share the best clips from the whole interview and share my thoughts on each.

Full Interview

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

[stoyanminev]

Hey, Hamish, U r a shareholder of #FB. What r your thoughts about the current stock price? Why don’t you make a revaluation video?

[kilfoil]

Always so good to hear from Charlie Munge about his rational approach and focus on value.
I think you have done a better job than others by including the actual video clips of Charlie speaking this adds more value to your videos IMO, great content!

[Cato_Minor]

I lost a lot of respect for those comments on China. I'm not sure if he is completely amoral or just living under a rock.
Either way, great video as always!

[daanzwerus]

Hi Hamish, I just noticed Thor industries had a 2.8 review on glassdoor. Only six people left a review, but it still gave me some doubt about the management. Do you have any thoughts on this? I also reacted to your Thor analysis video, but I thought you might see this reaction sooner.
Thanks for the great content!

[FinanceCinema]

Hey Hamish, great vid! I think Charlie and Warren have a more similar investment style than you might think, Warren’s portfolio may be even more concentrated than Charlie’s because of the 50% apple holding they just have different circle’s of competencies. And what Charlie said about aborting 600 million babies is just what happens when you meet with Li Lu once a week.

[davide]

Hey Hamish, can you please make an update on asos?

[tomo]

Charlie’s lens prescription is fucking epic.

[charlesedward]

Munger lets the world know where not to go. Humanity can't avoid the bumps in the road but Munger is second to none at pointing out the largest pot holes.

[jsauerfinancial]

Chinese politicians do things that are best for society as a whole, popular or not ..

Our politicians do things that are popular, but bad for society as a whole

[pauli]

All very well said Hamish. I would think very carefully investing in China. Too many political and moral divides ATM.

[carlesllaveriamoragas]

Munger is very Machiavelli regarding Chinese politics. “The ends justify the means” It is impossible to understand the rise of China in such a short period of time without the regime they have. Not saying I do agree with the Chinese government but the prosperity is there even though it came with some cost against what we consider un breakable principles.

[RedThunder]

If you make an initial buy into a stock, how/when do you make additional investments into it? Example, buy $1000 at x… if price falls x% then buy in $x more ? How do you determine your initial buy in and what % of your portfolio is the initial buy in and what is the max you will ultimately personally invest into a stock as a percentage of your available cash to invest?

[tommywamby]

Hey Hamish the background music is a bit distracting in my opinion! It’s your words & thoughts people want to hear :)

[johnnymaalouf]

Charlie did say those quotes in a yahoo finance interview with another interviewer. At least that's what i remember :)

[lukemckee]

Why raise interest rates when you can just add 00's

[saudsaad]

Big fan of your videos. One of the few channels that really analyze businesses deeply. What’s your take on $DJCO? I really think you should take a look at it, and don’t be fooled by the financials since most of journal tech’s revenue future revenue is based on long term contracts that can’t be shown in the income statement. Thank you!

[tylerhealey]

Munger didn't say it was a good thing to force abortion, from my point of view which may be wrong, he was more saying it was what was best for china, the lesser of two evils, either we stay with a poor starving over populated society or we make a change and china made a change. i dont think charlie munger would out right agree with forced abortion.

[maguilla]

Charlie is entitled of his opinion but not entitled to the facts. He is great I’m proud to say I have him as mentor invisible mentor. But this CCP deal will not be good yes it is fantastic value but the insecurity of this leadership breaks any deal.

However he will not be here to know the outcome

[brandencoluccio]

Careful. Don’t put words in his mouth. He never said that forced abortion was a ‘good thing, ’ he said they had to prevent 500 million people from being born and that’s how they chose to do it. Objectivity.

[angelwilson]

I keep on getting 30, 000 every week from a new trading platform