Charlie Munger On BYD, Tesla, Alibaba and Bitcoin — Daily Journal’s Shareholders Meeting — 2/15/2023
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Published 2023-02-15
The live stream of the Daily Journal Annual Shareholders Meeting will take place on Wednesday, February 15 at 1PM ET.
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Charlie Munger speaks at the Daily Journal's Annual Shareholders Meeting — 2/15/2023
All Comments (21)
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I'd never be in the market if I sold off whenever I saw a youtube video screaming SELL OFF, yes stocks are pretty unstable at the moment, but if you do your math right, you should be just fine. Luxury brands like Dior, Louis Vuitton and Mercedes sales are booming lately, so I think there's enough money to go around if you know where to look.
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Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
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Headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
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IS IT REALLY WORTH INVESTING IN STOCKS AND SHARE? CRYPTO? S&P 500? I'M LOOKING TO INVEST BUT BEING PUT OFF BY THE STOCK MARKET. OR INVEST ELSE WHERE? I have a pension with work, i'm in my early 30s but have spare money approximately $53,000 that i want to invest what would you recommend?
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My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
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With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
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If life gives you lemon, you make lemonades, so at this point instead of waiting for stocks to crash or recovery, focus on how to profit off the current market, Bloomberg, WSJ, BBC business(just to mention a few) have been recording cases of folks averaging 350k in 12weeks, so there's money being moved around if you know where you're looking
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The stock market rally still appears to be in the midst of a normal pullback. I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
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A king holding court chomping down peanut brittle. This man is just incredible. Such wisdom.
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I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?
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Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $ 850k by the time I'm 60, therefore I need suggestions on what investments to make.
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We need more men like Charlie Munger in this country. His wisdom and knowledge has changed my life. I wish I had found you sooner but very grateful for him.
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We are so lucky to still have Charlie. He's a national treasure, I hope he stays in good health despite old age for many more years.
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Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
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Almost makes me emotional to watch him speak these days: I hope this treasure of a man stays on as long as possible.
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Just so everybody knows, Charlie meant that Berkshire invested 270 million into BYD (now worth 8 billion). He simply misspoke when saying 270 thousand. He was thinking 270 million.
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Making a million box is easy. I made a couple of millions trading in 2022. What is hardest is making your first million. Don't give up but ensure to take the right steps as each financial decision you make can make or mar your finance. Peace
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There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Mrs Stacy Huth
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The show starts at 4:35
