Charlie Munger: 'The place to look when you're young is in the inefficient markets'

Warren Buffett and Charlie Munger answer a question from a young shareholder at the 2007 Berkshire Hathaway annual meeting.

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[WaterWheel]

Random Dude: "You are like gods to me and I would love to suck some of that biscuit"
Charlie Munger : "Eating some of that biscuit "

[KK-pmud]

Munger is more brilliant than he gets credit for. Kid asks a question, Munger gives him a couple of sentences and moves on.

[LucasTOrz]

Lesson of the video, find a good partner. Buffet have Munger, Jobs have Wozniak

[donaldlee]

Is the example at 3:56 "Resolution Trust Corp", the government agency that sold real estate owned by failed S&L banks back in 1991?

[they_call_me_naren]

I want to know how this guy's doing now!?

[lamsmi]

Munger is so much easier to understand because he’s so direct and honest.I can never understand Buffett though, dumb it down warren so us young folks can understand what your trying to say. I can understand his point from this video tho, but in general I don’t

[ReflectionOcean]

- Soak up knowledge from mentors and experiences (Timestamp: 1:01)

- Maintain curiosity and continuously seek learning opportunities (Timestamp: 1:22)

- Recognize what you know and what you don’t (Timestamp: 1:43)

- Avoid investments with high potential for loss (Timestamp: 2:43)

- Focus on inefficient markets as a young investor (Timestamp: 3:19)

- Look for unique opportunities during market crises (Timestamp: 3:57)

[RockyP-xwrd]

Best example of the inefficient markets Charlie is talking about would be present day turkey. Some Turkish companies, very few actually, are positively disposed to the inflationary environment and have significant pricing power, and they are CHEAP. Like 60% ROE with P/E of 4 cheap.

[Radnally]

So, offer a private alternative to most gov services?

[jonaspereira]

"You will have your chance to participate in catastrophes". Here I am participating in the coronavirus catastrophy and realizing the mistakes I did before this crisis and that made lose money when the market dropped. Should have protected myself better against risk.

[ericb]

4:54 there won't be any scarcity of opportunities in your lifetime but there's days like you feel there aren't any.

Today, after 2 months in quarantine, the SP500 with the same evaluation as pre covid-19 levels. Let's remind ourselves from the intelligent investor, "a stock is not just a ticket symbol or electronic blip; it is an ownership interest is an actual business, with an underlying value that does not depend on it's share price".

[rustler]

They didn't answer this fellow's question, he's interested in MASSIVE value creation

[VP-wtdv]

What does munger mean by inefficient markets?

[nawstudio]

bro buffet need to give munge more time to talk. cmon bruh

[niningsetia]

End of time is only the ky key
From Kings and Queen's
And everybody wanna rule the world
With disgustinf intention
Any one??😭😭😭

[tonywalton]

Charlie Munger looks the same for 30 years

[jimmyray]

Monger: "The place to look when you're young is in the inefficient markets"
Kanye: ...wtf does that mean, Charlie Monger

[yedeylp]

they are describing the bitcoin market

[misterj]

I made a crap load of money on a house I bought after the housing market tanked. I’m hoping the same will happen with bitcoin. I don’t see myself getting rich short term in this bull market. I have my 401k but I have a lot of cash on the side and am looking for opportunities.

[niningsetia]

Kisah Reiko
Darrius Sinatra
Tio Pakusadewo
Dek
Dwk
Tata janeeta
Camel Lia Malik
Jabbar brainface
Only the tartcake behind my
Situation and how IM bargain
Not get angry from Allah
Starting faking news becoME
Angry in ceritain part of me as
NN
Noname😭😭😭🙏🙏💚💚