Charlie Munger of Berkshire Hathaway mentions Sequoia venture capital and buy to let, property moguls as he delivers his opinion about competition and individual competitive advantage in the housing buy to sell or buy to let industry compared to investing in equities. Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 24320 IDP
Charlie Munger on patience paying off in value investing. He recounts how he read Barron's for 50 years found one good idea, made a fortune from it. "I didn't have a lot of ideas." Monroe Shock Absorbers. Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 37993 IDP
Diversification in an investment portfolio is for the know nothing investor says Warren Buffett, according to Charlie Munger in this lesson on value investing, success, and rational thinking. Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 40588 IDP
Containing investing wisdom, or plain silly, but always hilarious, enjoy these quotes from the greatest investor of all time, Warren Buffett and his partner Charles Munger. Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 71931 IDP
How much you gonna get? When you gonna get it? How sure are you?
Views: 8493 IDP
The Billionaire duo share their reading advice and reading routine and methods. Newspapers, autobiographies, authors, time management, concentration, are all mentioned. Join us on Unofficial Warren Buffett Quotes & News Facebook https://www.facebook.com/WarrenBuffettUnofficual Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 21415 IDP
On copying Berkshire Hathaway and great investors. Piggyback investing is the art/science of building portfolios based on mimicking the stock picks of some of the best superinvestors — asset managers who have exhibited long term market-beating results.
Views: 9004 IDP
Rare Warren Buffett interview and various speeches on Mrs B - Rose Blumkin and Nebraska Furniture Mart business. The illiterate Russian immigrant entrepreneur built a multimillion dollar business from scratch and sold it to Berkshire Hathaway on Warren Buffett’s birthday in 1983.
Views: 5892 IDP
Elon describes how his existential crisis was ended with The Hitchhiker's Guide to the Galaxy, a philosophical comedy science fiction series created by Douglas Adams. He also gives insight into first principle thinking with his process of asking what question is most important. Originally a radio comedy broadcast on BBC Radio 4 in 1978, it was adapted to other formats, including stage shows, novels, comic books, a 1981 TV series, a 1984 computer game, and 2005 feature film. A prominent series in British popular culture, The Hitchhiker's Guide to the Galaxy has become an international multi-media phenomenon; the novels are the most widely distributed, having been translated into more than 30 languages by 2005.
Views: 4789 IDP
Munger describes one of his greatest analysis errors of judgment which cost him dearley, so that we can avoid bias. Value investing, speculation, Chinese culture’s influence on rational investment, rational thinking and analysis, living a long healthy low stress life, Confucius and confucianism.
Views: 44016 IDP
Warren Buffett just published his annual letter to Berkshire Hathaway investors, and buried in the 29-pages is a shoutout to one Jack Bogle. "If a statue is ever erected to honor the person who has done the most for American investors, the hands- down choice should be Jack Bogle," Buffett writes, adding: "For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing – or, as in our bet, less than nothing – of added value.
Views: 4111 IDP
Value investing. Management evaluation. Monorail. Timeshift of electricity storage, batteries. China car manufacture industry. Electric cars. Venture capital. Wang Chuanfu.
Views: 6414 IDP
Insightful interviews with Billionaire investor Munger explaining the economic factors, strategy, culture, behaviour that have shaped Japan’s success and what caused its subsequent state of low growth. And is the future of the USA likley to end up the same? And how would America handle it?
Views: 5219 IDP
Washington Post Deal is discussed as an example of classic value investing "A classic Ben Graham stock" Charlie Munger says. He then explains how things have got hard because of Berkshire's scale and billions of cash on hand to find large significant investments.
Views: 4759 IDP
ABOUT A MAN FOR ALL MARKETS FROM LAS VEGAS TO WALL STREET HOW I BEAT THE DEALER AND THE MARKET By EDWARD O. THORP with Sheen T. Kassouf, Foreword by Nassim Nicholas Taleb The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street. A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success—and mathematically unassailable method—caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed. Thereafter, Thorp shifted his sights to “the biggest casino in the world”: Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world’s first wearable computer. Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic—a book that challenges its readers to think logically about a seemingly irrational world. Praise for A Man for All Markets “In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment.”—The Wall Street Journal “[Thorp] gives a biological summation (think Richard Feynman’s Surely You’re Joking, Mr. Feynman!) of his quest to prove the aphorism ‘the house always wins’ is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders”— Library Journal “Thorp’s in-the-trenches account of gaming the system(s) is a pleasure—and instructive, too.”—Kirkus Reviews “An amazing book by a true icon . . . Edward O. Thorp launched revolutions in Vegas and on Wall Street by turning math into magic, and here he weaves his own life lessons into a page-turner as hot as a deck full of aces. Loved it!”—Ben Mezrich, New York Times bestselling author of Bringing Down the House and The Accidental Billionaires “Whether you are an aspiring professional player, a casual gambler, or an occasional visitor to Las Vegas, you can feel the impact of Edward O. Thorp’s intellect on that desert city.”—Nicholas G. Colon, professional advantage gambler and managing director, Alea Consulting Group “This book is in part the gripping story of how one man’s genius and dedication has solved so many problems in diverse fields. But more important, it’s a fascinating insight into the thought processes of someone with little interest in fame, who has mostly stayed under the radar, yet who has followed his inquisitive mind wherever it has led him, and reaped the resulting rewards.”—Paul Wilmott, founder, Wilmott magazine. Join us on Unofficial Charlie Munger Quotes & News Facebook https://www.facebook.com/CharlieMungerQuotes
Views: 5358 IDP
Munger explains why Berkshire Hathaway invested in Apple AAPL in 2016. Durable competetive advantage, moat, allocation of capital and problems of scale are mentioned.
Views: 2970 IDP
Buffett, Bill Gates and Carl Ichan praise this timless classic on business faliure, and success lessons. From products to managment descisions, to errors of judgment, quantitive to quantative, it's all covered.
Views: 3887 IDP
Munger extols the phenomenal achievements of Lee Kuan Yew, commonly referred to by his initials LKY, was the first Prime Minister of Singapore, governing for three decades. Lee is recognised as the nation's founding father, with the country described as transitioning from the "third world to first world in a single generation" under his leadership.
Views: 33029 IDP
For those that overestimate and idolize Munger, he cautions us he is a "nerd" and amuses his fellow "nerds" with a few disaster tales of his misjudgments as he grew up.
Views: 3287 IDP
The richest man in the world and his investing partner discuss what factors are really important in their high speed, low beaurocracy, low legal fee, mergers and acquisitions. They explain how Berkshire Hathaway evaluate the target copmany and its managment. The apparent tradeoff between speed and due diligence is discussed.
Views: 2901 IDP
Covered by Charlie: South west Airlines. Effect of oil prices. Airline industry macro. Flight ticket prices. Competition. Consolidation. Airports. Leading planes. Jet Blue. 14 Nov 2016 Berkshire Hathaway released SEC filings show that the company has taken a stake in 3 of the 4 major airline companies — American Airlines, United Continental Holdings and Delta Air Lines.
Views: 2465 IDP
Buffett often quotes and references John Keynes, English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Essays in Persuasion was published in 1931. The General Theory of Employment, Interest and Money was published in 1936. Some of his best quotes: If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. It is better to be roughly right than precisely wrong.
Views: 5416 IDP
The philosopher mentioned is Maimonides (or Rambam), (1135–1204).
Views: 1347 IDP
When asked about the legacy of Warren Buffett and himself on investing and financial education, Charlie Munger of Berkshire Hathaway describes how the market operates in his view and offers an interesting criticism and observation of efficient market theory.
Views: 2054 IDP
"One of the best books on investment" Buffett says. Warren explains how he used the scuttlebug method in this book and how it’s a key lesson for investing. He used it on Apple and American Express. "I give Phil Fisher credit." Buffett says. "One of the great books."
Views: 11778 IDP
Negotiations with suppliers. Principle of win win deals. Negotiating tricks. Contract negotiation. Leveraging over invested people.
Views: 3111 IDP
Should you take out a minor metal object, shard, or piece of broken glass which is deep under the skin? The truth is: It can sometimes require action to remove, or no action is needed and it can be left, no need to take it out. This video explains in general the options and risks in this situation. Click here for our video on removing splinters painlessly without cutting, you can draw them out. https://youtu.be/oKzPXy9bHPc Please note: This video is for general information only and is not a replacment for professional advice. Always consult a medical professional. If bleeding does not cease, immediately call for professional assistance. If signs of infection show immediately seek medical professional assistance.
Views: 7021 IDP
Buffett often cites Adam Smith, in particular the division of labor. His book is a large work, I recommend abridged versions asvery useful to start with. Adam Smith (1723-1790) was a Scottish philosopher and economist who is best known as the author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written. Please subscribe to the channel for more unique insights by Buffett, Munger and Ben Graham.
Views: 3853 IDP
The duo discuss having large quantities of cash and it's psychological effect on the investor or CEO. Share repurchases/ stock buybacks are discussed and the failure of CEO's to calculate and evaluate if they are adding or removing value.
Views: 1659 IDP
15 February 2018 Q & A with Charlie Munger. Please see the other Munger and Buffett videos on IDP channel. This video is copyright and reproduced with explicit permission of, and greatful thanks to Vishal Khandelwal, original video here https://youtu.be/gDzcOI6EpvA
Views: 3378 IDP
Munger recounts the Max Planck Driver joke and an airline joke, which contain lessons. Planck made many contributions to theoretical physics, but his fame as a physicist rests primarily on his role as the originator of quantum theory, which revolutionized human understanding of atomic and subatomic processes. However, his name is also known on a broader academic basis, through the renaming in 1948 of the German scientific institution, the Kaiser Wilhelm Society (of which he was twice president), as the Max Planck Society (MPS). The MPS now includes 83 institutions representing a wide range of scientific directions.
Views: 2207 IDP
Timeless lessons for entrepreneurs, startups, small businesses, leaders, and self employed people. The most important things to focus on leadership, business, sales, startups, lessons on faliure, entrepreneurship, innovation, teamwork, artificial intelligence, rise of the robots, big data, Forrest Gump, and more! Jack Ma, the richest man in China is the founder of Alibaba and AliPay.
Views: 39277 IDP
From Whitney Tilson's 2004 Berkshire Hathaway Annual Meeting notes: Buying the Stocks of Businesses That Make Unhealthy Products I've been drinking five cokes a day for years and I feel terrific. We passed one time on the chance to buy a terrific business, [even] after we [spent the time and] met management. They were fine people, but we didn't want to be in the business. But we'd buy stock in the business. [I initially thought Buffett might be referring to UST, but a friend emailed me the following: “The company was Conwood in the late 1980s. Conwood was shopping itself to avoid a raider that it didn't want to get involved with. It eventually went private with the Pritzker family of Chicago. Buffett discussed this at a meeting some years back. I think he said he passed on owning the whole thing because of the even slight risk that he'd have to spend any of his time with lawyers suing the company.” Another friend added, “Interestingly, Conwood has been gaining market share at UST's expense ever since then, and also collected a huge antitrust judgment against UST a year or two ago. So as usual, WEB and CM were right when they identified it as a terrific business many years ago. But I have no regrets that they passed on the deal. Apart from the moral grounds, we don't need the legal risk.”] I don't have any problem with buying stock or bonds of companies that engage in activities that I wouldn't endorse myself, but I'd have a problem with owning outright and directing the activities myself. Every retailer sells cigarettes, but it doesn't bother me to own the retailer. Munger: But you wouldn't own the company that made the tobacco or the advertisements. Buffett: Yes. I can't tell you why I draw the line there, but I do. One time, I owned the bonds of RJR, and I'd still do it, but I would not buy the company. We walked [away from] one [situation like this] – we were thinking about it…
Views: 2714 IDP
Hardships and blessings. Have fun figuring out the puzzles. Raising his children. Generosity. Intergrated society. A long live has many disappointments. Leukemia.
Views: 1899 IDP
This book is, after his marriage, “second best investment of my life” states Warren Buffett of The Intelligent Investor by Ben Graham / Benjamin Graham. He also describes its application in some detail. Valuation of stocks, human emotions, and tendencies.
Views: 4279 IDP
Como sacar astillas sin dolor. Quite las astillas profundas o poco profundas, grandes o pequeñas con este hack que realmente funciona. Este video es solo para educación y no es un consejo médico. Siempre busque el consejo de un profesional médico. 4 puntos clave son: -Las manos limpias, la superficie de la mesa y los artículos. -Compruebe todo bien y reemplace la aplicación diariamente o tan pronto como se pierda. -Consulte a un médico en caso de dolor, decoloración, infección o hinchazón, inmediatamente. -Dependiendo de la profundidad de la astilla, el tratamiento puede necesitar ser repetido por 2, 3, 4 días. Si un pedazo de azúcar y de jabón no está constantemente en la posición, tomará más de largo.
Views: 260695 IDP
Iceberg Slim quotes from the book LOST INTERVIEWS WITH THE PIMP. In this new book Iceberg Slim gives unprecedented insight into his incredible life as a pimp, when he played God to hundreds of women, in this collection of rare interviews. In his forties Iceberg Slim became a positive member of society and the USAs best-selling black author - he was read by millions. He lectured at colleges, advising students to learn from his mistakes and lead socially constructive lives. He influenced artists such as Ice-T, Donald Goines, Chris Rock, Too $hort and Jay-Z. Films like The Mack, Willie Dynamite and Superfly. In this book Iceberg speaks unflinchingly, sharing his qualified and valuable perspective on important topics: sex, drugs, racism, crime, prison, politics, family and writing. Join Iceberg Slim on Facebook: https://www.facebook.com/icebergslimpage Check the book here: http://www.amazon.com/Iceberg-Slim-Lost-Interviews-Pimp/dp/0954135512/ref=sr_1_27?ie=UTF8&qid=1457738081&sr=8-27&keywords=iceberg+slim
Views: 45066 IDP
In a 2008 letter to shareholders, Buffett said Dexter Shoe Company was one of his worst investments ever — the stock Buffett used to purchase the company is now worth $5 billion and Dexter Shoe Company is out of business. In 1993, Warren Buffett acquired Dexter Shoe Company with 1.6% of Berkshire Hathaway's stock, which was worth $433 million. Dexter was earning $40 million per year pre-tax, but soon ran into competitive pressure, suffered from dwindling sales and ended shoe production in the U.S. and Puerto Rico in 2001, reports Reuters. "To date, Dexter is the worst deal that I've made," Buffett said according to Reuters. "But I'll make more mistakes in the future — you can bet on that. A line from Bobby Bare's country song explains what too often happens with acquisitions: 'I've never gone to bed with an ugly woman, but I've sure woke up with a few.'"
Views: 1952 IDP
How do I find the disc printing tray? Where is the DVD printing tray? How to find the CD direct print tray on the MX series printer. The Print direct to disc tray is not in the box, it is hidden inside the printer and in this video I show you how to find the tray for printing discs and remove it.
Views: 6175 IDP
Immigration into the United States discussed: Japan. India. China. USA economy is benefiting from immigration of highly intelligent and university educated people like never before, plus many are children of wealthy Chinese families, Munger seems to be saying.
Views: 1339 IDP
Avoiding errors in thinking, rational reasoning. Replacing old ineffective ideas with new ones. Behavioural psychology. Denial.
Views: 1099 IDP
Charlie Munger, an American businessman, investor, and partner of the legendary Warren Buffett, coined the term "Lollapalooza effect" during a 1995 Harvard speech, in which he reviewed numerous causes of human misjudgment. It has since become another piece of investing jargon. So what does this term actually mean, and why is it important for investors to understand? Definition: We humans have many inherent biases and tendencies that can sway our behavior one way or another. When several of them act in concert to drive us toward a particular action, you have a Lollapalooza effect. The Lollapalooza effect can create large-scale drivers of human behavior -- and often error. What it means in the real world: Though the Lollapalooza effect is often shown in a bad light, it can have both positive and negative outcomes. A positive example of the Lollapalooza effect is the Alcoholics Anonymous program, which, as Munger explains, boasts a no-drinking rate of 50% in cases where all other social and health-related factors fail to motivate alcohol abusers to quit. Munger cites Alcoholics Anonymous as a clever system that makes constructive use of people's psychological tendencies. For example, one reason AA often works is people's natural tendency to imitate those around them. AA members are surrounded by people who have fought to become sober, which makes newer members more likely follow suit.
Views: 795 IDP
Munger: “I read twice, which I seldom do...” “Guns, Germs, and Steel: The Fates of Human Societies” is a transdisciplinary non-fiction book by Jared Diamond, professor of geography and physiology at the University of California, Los Angeles.
Views: 1351 IDP