Charlie Munger on Common sense and Investing



A discussion and Q&A with Charlie Munger. In this discussion Charlie first talks about common sense and how it is not common. He then discusses the Social Sciences and his views on them. Finally Charlie takes questions from the audience and displays his wisdom across many subjects. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 6:17 Start of Charlie 8:22 Do you keep Warren from becoming infallible? 11:17 Common sense speech 33:24 No linearity of Social Sciences 38:19 Are the risks of financial instruments independent? 46:58 Academics trying to explain Berkshire Hathaway’s success 48:39 Pre University Education system 52:26 Meteorology 54:02 Benjamin Franklin 55:26 Are we competing with ourselves instead of the competition? 1:02:53 Immigrants coming to America 1:05:23 Start of Q&A 1:06:21 You and Warren support different political parties? 1:09:35 Corporate responsibilities for global warming? 1:13:48 Should there be another event such as the space race to advance science and education? 1:15:42 Negative lollapalooza effect in finical markets? 1:21:24 Most important experience a young person could get to become a good investor? 1:22:12 Why is it so easy to write of the USA? 1:24:03 Outlook on the US dollar? 1:25:47 Advice for a new investor? 1:28:54 Should companies sponsor the Chinese Olympics which have human rights abuses? 1:32:02 How do you integrate common sense ideas into investments? 1:33:39 Dominant concerns for the future? 1:38:10 Acting on insight 1:39:51 Foundation advice 1:42:12 How to reward multi disciplinary knowledge? Interview Date:March 11th, 2008 Event:DuBridge Distinguished Lecture Location: Beckman Auditorium, Caltech Original Image Source: http://bit.ly/Munger1 Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.

Comments

  1. "Social science in America is very poorly taught."  AGREED!
  2. power plays are made where only the specific players understand everybody else just trys to wonder what we have in the breakfast
  3. These questions come from kids. All 1932 legislation is being watered down by huge law firms in D.C. Glass Steagel Act was put in place to protect banks from investment banks gambling.
  4. Definitely the strongest alive, not finding anyone with comparable life experience. Charlie Munger just kept a seat warm all his life, he discovered creative ways to sit and do little. The Master of the masters, someone fearless has to evolve business culture. hahahah:) supergenius laugh.
  5. Talents count, like what Charlie was talking about smart Chinese, effort count twice! Hard working for growth matters.
  6. So much wisdom!!! Very humble and self-deprecating humor. Very informative and agree 110% on the problems causing trouble in our life and business. I wish I had listened to Munger years ago. What a pleasure!!!
  7. end all patents, end government regulation, end government payouts, 100% win win transactions!
  8. end all pensions, end all government payouts, and end all regualtions, erase most laws, when money changes hadns involuntarity there is deadweight loss, win win should be every single transaction so people bring value to the table!! imagine unregualted housign with no building codes!
  9. engineering solutions and thorium atomic power would be sick so jsut deregulate and be fine!
  10. deregulate finance and don't give money to elon musk and other tax parasites
  11. He has an annoyingly roundabout way of making a point.
  12. price in vac to drop price in moment to drop price in vac to restock money to drop in point to change in price product in vac to discount to drop,open in vac to discount to drop price in vac to drop price in most to drop price in vac to dri' rate in vac.
  13. lon'toy' money to drop in stock market to FED in vac discount to capon in vac.
  14. just to drop price in vac to drop price in vac to drop most to currency in most to use price in vac to restock move price in vac to drop pentive in relation in vac to finance in stock FED in currency in vac most to drop in stock move price in vac to drop price in move rate fund in discount to sale in vac.
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