Channel Title: Billionaire Philosophy Channel Description: We share billionaire's investment principles, ideas and philosophies and that of leaders too. As such, this Channel is not just about the thoughts, ideas, and philosophies of billionaires on investments, value investing, long-term investing, career, entrepreneurship, and life generally but it is also about leaders whose ideas, views and deeds are worth billions, if not priceless. Our list to-date includes billionaires Warren Buffett, Charlie Munger, Bill Gates, Jeff Bezos, Ray Dalio, Steve Jobs, Laurene Powell Jobs, Elon Musk, Howard Marks and Jamie Dimon. To further deepen your knowledge on investing and wisdom acquisition, please visit: Book Lists Recommended by Warren Buffett, Charlie Munger and others https://www.amazon.com/shop/billionairephilosophy You're welcome to watch and rewatch any videos. Learn, Earn and Relearn! Please share and subscribe if you like this video. For business inquiries or other matters, please contact us via email: billionairephilosophy88@gmail.com. <video> Why Great Companies Go Bust | Eastman Kodak & Long-Term Capital | Warren Buffett & Charlie Munger Description: #warrenbuffett #charliemunger #eastmankodak #longtermcapiotalmanagement #berkshirehathaway #investments Warren Buffett and Charlie Munger share their insights on why Great Companies Fail, citing examples of Eastman Kodak and Long-Term Capital Management. On what kills great businesses, Warren Buffett looks at history and studies failure, quoting Charlie Munger: “All I want to know is where I'll die so I'll never go there”. Warren Buffett wants to see what has caused businesses to go bad and says the biggest thing that kills them is complacency. Warren Buffett emphasized that to continue to be great, you need a certain restlessness, you need to stay ahead, you need to be on the move, and to never rest on your laurels. If you like this video, please share and subscribe. Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Cigar Butts Investing Is Not Scalable, Has Few Low-Hanging Fruits | Warren Buffett & Charlie Munger Description: #warrenbufffett #berkshirehathaway #charliemunger #bengraham #cigarbutt #investmentstrategy #valueinvesting #scalability #longterminvestment #berkshirehathawayannualshareholdersmeeting #benjamingraham #lowhangingfruit Warren Buffett and Charlie Munger is known to be insightful for giving the best advice on Investing. In this video, Warren Buffett explains that Ben Graham’s cigar butt strategy is not scalable. And Charlie Munger shares that it does not work in a competitive investment landscape today, with few low-hanging fruits. He opines that is it better to buy great companies (that goes up and up) at fair prices. Are they right or are they wrong? Watch until the end to find out. Timestamps 00:00 Introduction 00:30 Ben Graham – Father of Value Investing, Cigar Butt Investing 101 01:50 Crowding in with little low-hanging fruit 02:39 Real money in Great Companies that go up and up 03:57 Wise up, Avoid Stupidity 04:18 Ben Graham was Warren Buffett’s Boss and Mentor 04:42 The world changed and Berkshire moved from Cigar Butts to buying Great Companies at Fair Prices 05:40 Keep learning and don’t be a one-legged man in a ass kicking contest 06:18 Ben Graham’s Cigar Butt was not scalable, not with big money 07:20 Look at stocks as a business and have a margin of safety 07:30 Sub-Working Capital Stocks are hard to find 09:40 In praise of Walter Schloss, a true Ben Graham believer 10:50 Sub-Working Capital Investing is a group operation 11:22 Beware regulatory changes, investing in one era can be different from another 12:50 Sub-Working Capital Companies Investing usually not of big size and may not apply to some Tech Companies For business inquiries or other matters, please contact us via email: billionairephilosophy88@gmail.com. To further deepen your knowledge on investing and wisdom acquisition, please visit: Book Lists Recommended by Warren Buffett, Charlie Munger and others https://www.amazon.com/shop/billionairephilosophy If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Warren Buffett on his Will Writing Strategy, Objectives, Why No Codicil, and Charlie Munger's Views Description: Warren Buffett doesn't sign his will until after discussing with his 3 children and letting them read the will beforehand. Charlie Munger took a different position. He said it can be poison if the distribution is unequal. For the non-savvy, Warren Buffett favors index funds whereas Charlie Munger favored holding on to Berkshire stocks. On the other hand, Warren Buffett does not favor writing codicils while Charlie Munger has a codicil with ethical bequest. #estateplanning #will #valueinvestor #codicil #valueinvestment #warrenbufffett #berkshirehathaway #charliemunger #berkshirehathawayannualshareholdersmeeting #2024 #2023 #2013 Edited on prolonged pauses and claps, filler words, “ums and ahs”, and ineffective repeat or connecting words. If you like this video, please subscribe. Timestamp 00:00 Start 00:35 Mrs. Buffett’s recommended estate planning investment strategy 02:00 Properly drafted, trustees need not worry about getting sued 02:55 Will to achieve certain objectives 03:20 Point to consider: Thanking people in the will 04:66 No codicils for Warren Buffett 05:05 Jean Paul Getty had 5 wives and 21 codicils 08:35 One should have a will 08:45 4 American Presidents died without a will 09.05 Abraham Lincoln died intestate 09:45 Don’t be too hard on yourself but don’t be totally forgiving either 10:00 Charlie Munger’s will has a codicil with ethical bequest 11:10 If you are lucky, make sure a bunch of people are lucky too 12:00 Transfer of wealth from baby boomers 12:40 Parents rather than wills are the natural teachers 13:40 Warren Buffett discusses the will with his 3 children and let’s them read it 15:40 Charlie Munger has differing opinion on letting children know the contents of the will, especially if the distribution is unequal 18:50 Problems of wealthy family wealth distribution depends on the family members 20:10 Charlie Munger on Estate Planning Investments: Just hold Berkshire stocks 21:57 Parents’ behavior is more important in passing values 22:20 Some will writing strategies don’t work 24:20 Warren Buffett: You can always sell a good company to Berkshire as part of estate planning If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> The Art of Zero Emotion Investing and Rationality | Warren Buffett & Charlie Munger | Berkshire 2023 Description: #warrenbuffett #charliemunger #zeroemotion #noemotion #rationailty #rational #berkshirehathaway #investments #2023 #2015 #emotions #investing #clarity #circleofcompetence #emotionalstability #valueinvestment According to Warren Buffett and Charlie Munger, for Investing, Emotions are Bad, Rationality and Clarity is good. Warren Buffett has often said that emotions are bad for investing. Charlie Munger says the same thing too. But is that all there is to be successful in investing? Please watch until the end to find out. If you like this video, please like, share and subscribe. #emotions #investing #rationality #clarity #circleofcompetence #emotionalstability #valueinvestment #warrenbufffett #berkshirehathaway #charliemunger #berkshirehathawayannualshareholdersmeeting #2023 Edited on prolonged pauses and claps, filler words, “ums and ahs”, and ineffective repeat or connecting words. If you like this video, please subscribe. If you like this video, please share and subscribe. Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Buy Great Companies that Goes Up and UP and Sit on Your A$$ Investing | Charlie Munger | 2023 Description: Charlie Munger shares his insights on his “Sit on your Ass” investing. He says Ben Graham’s cigar butt method worked well for decades, especially in the post-depression period where there are more low-hanging fruits. These days, the cigar butt method is becoming very competitive and does not work well if you are full of money. Charlie Munger says buying great companies is the way to go. Timestamp 00:00 Introduction 00:15 Sit on your Ass Investing style 00:55 A lot of pension money is indexed or in shrewd investment held for long time 01:15 Getting rich by holding on to a few good things 01:30 Ben Graham and David Dodd 03:00 Cigar Butt Value Investing 04:00 Less low-hanging fruit nowadays 04:30 Real money is in great companies that go up and up and up 04:40 All intelligent investing is value investing 05:30 Buy Great Companies and “Sit on Your Ass” is a skill #charliemunger #sitonyourass #valueinvesting #bengraham #berkshirehathaway #warrenbuffett #2023 If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> My Big Investment in 5 Japanese Companies: How, Why, and How Did It Go? | Warren Buffett | 2024 Description: #warrenbuffett #charliemunger #sogoshoha #japan #berkshirehathaway #berkshirehathawayannualmeeting #2024 #2023 #tradinghouses #iscar Apart from Berkshire reaching $1 trillion market capitalization in 2024, being the first non-technology company in the U.S. to do so, there are other good news. The five Japanese sogo-shosha trading companies in Warren Buffett’s Berkshire portfolio comprising Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp have increased in price, with one going up more than 30% in 2024. Berkshire placed big bets in 2020 and subsequently increased stakes while giving assurance that 9.9% ownership is the ceiling. Timestamp 00:00 Introduction 00:30 The Japanese Companies 02:30 Currency risk neutralized 03:08 Warren Buffett’s Birthday Announcement 03:28 Berkshire’s 9.9% Ceiling Assurance 05:20 Building Trust 07:28 CNBC Interview in Japan 08:27 Happy Birthday Purchase 09:25 7.4% overall ownership 09:48 Met all 5 Companies in Japan 10:10 Exchange Rate Insulation 11:00 Strengthening relationship with the Japanese companies 13:18 Investing in USA vs Japan 13:45 Japanese equity holdings are Berkshire’s largest outside of the United States 15:45 5 Companies’ philosophy are similar to Berkshire’s 16:15 Berkshire’s primary investment focus is USA 18:20 India vs Japan 20:55 Taiwan vs Japan 22:40 Berkshire ISCAR’s Experience in Japan If you like this video, please share and subscribe. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Supply Chain: Should USA, Everybody and Berkshire Move from China to Mexico? | Warren Buffett Description: Supply Chain – Should USA and You Move from China to Mexico? What about the supply chains in Berkshire Hathaway. Are they American centric? These selected snippets will give you an overall idea. Please watch until the end to find out and please subscribe too! It’s Supply chain restructure: should companies move away from China and Asia? Also, Warren Buffett and Charlie Munger on the Prospects of the Mexican Market (2014 Berkshire Annual Meeting). #supplychain #china #mexico @warrenbuffett #charliemunger #2024 Timestamps 00:00 Introduction 00:34 Supply Chain in Asia 01:08 Logical to move to cheaper production locations but don’t hollow out the country 02:10 Society benefits but some people gets disrupted 04:13 We want the whole world to prosper 06:10 Adam Smith is right 09:30 Prospects in Mexico 10:22 Supply Chain in Berkshire Hathaway 10:33 Supply Chain in See’s Candies 11:15 Supply Chain in Costco 10:25 Berkshire Hathaway will be American-oriented If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Warren Buffett & Ajit Jain speaks on Tesla EVs, Autonomous Cars, Geico & Insurance: Berkshire 2024 Description: #ajitjain #warrenbuffett #charliemunger #berkshirehathaway #ajit #tesla #progressive #telematics #berkshirehathawayannualmeeting 2024 #2023 #2022 Warren Buffett and Ajit Jain share insights on the challenges posed by Tesla’s and GM’s insurance arms and the impact of autonomous self-driving cars and EVs on the insurance industry in general and on Geico in particular. Timestamp 00:00 Start 00:10 Tesla EV 01:00 OEM 01:58 Uber 02:38 Geico vs Progressive 03:45 Low Margin – Auto Insurance 06:00 Marketing & Branding vs Data Analytics 07:10 Technology at Geico 07:40 Geico to catch up on Telematics by 2025 08:35 Cost advantage at Geico 10:00 Low-cost operator 11:45 Competitive strategy at Geico & Telematics 12:40 Improvement on Legacy Systems 15:20 Geico vs Progressive and Telematics If you like this video, please share and subscribe. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Ajit Jain (born 1951) was appointed Vice Chairman of Insurance Operations for Berkshire Hathaway in 2018. He graduated from the IIT Kharagpur in India in 1972. In 1978, Ajit Jain graduated with an MBA from Harvard University. He was an ex-McKinsey. Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, polymathic, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023 but his legend lives on. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Value Investing Will Never Die & People Doing Dumb Things Help BRK Warren Buffett & Charlie Munger Description: Charlie Munger says Value Investing will not die despite Artificial Intelligence (AI). On the other hand, Warren Buffett says people doing dumb things helped Berkshire, with or without AI. Charlie Munger adds that AI can’t do all things and gave examples. Are they right? Charlie Munger opines that Value Investing Will Never Die or Go Out of Style Despite AI (Artificial Intelligence). There will be AI, boom and bust, and bubbles but Value Investing is here to stay. Despite the challenge of AI/ChatGPT, Warren Buffet and Charlie Munger say People doing dumb things will help Value Investors and Artificial Intelligence (AI) cannot do everything. Value Investing Will Never Die and People Doing Dumb Things Help Berkshire | Warren Buffett & Charlie Munger | 2023 #valueinvesting #ai #technicalanalysis #charts #charliemunger #successfulinvestor #djco #valueinvestment #warrenbufffett #berkshirehathaway #berkshirehathawayannualshareholdersmeeting #2023 #artificialintelligence Timestamp 00:00 Introduction 00:38 Value Investing (VI) will never die 01:40 Value Investors will have a harder time because of sheer number 02:18 Warren Buffett is more optimistic 02:55 People doing dumb things give you opportunities 03:55 Dumb things can be scaled too 04:33 Investing in smaller sums gets better opportunities 04:48 So much money in the hands of smart people, so it gets harder 05:40 The world is overwhelmingly short-term focused 07:15 AI is helpful but there are risks 07:30 AI is important but there is also a lot of hype 07:45 What AI can’t do? 08:20 VI (Value Investing) will not die because of AI If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Transferring Knowledge and Investing Wisdom to Our Grandchildren | Warren Buffett and Charlie Munger Description: Warren Buffett and Charlie Munger share their insights on how to transfer Investing Wisdom and Knowledge to grandchildren. This is a mixture of nature and nurture. How did Warren and Charlie do it? Our investment idols herein share their wisdom with us. #warrenbufffett #berkshirehathawayannualshareholdersmeeting #charliemunger #grandchildren #transferwisdom #transferknowledge #valueinvestment #berkshirehathaway #cnbc #dailyjournalannualmeeting #2023 Timestamps 00:00 Introduction 01:00 Being philosophical about it 01:10 Teaching by example 01:30 Even Charlie Munger did not like some of the grandchildren boyfriends or girlfriends. 03:00 Keep doing, keep learning, delay gratification, avoid toxic people 04:10 No envy, no resentment, do not overspend, stay cheerful despite your troubles 05:50 Nature vs. Nurture 06:33 Don’t think you are special just because your parents are rich 08:00 Rich kids tend to be less incentivized 08:15 Children should not endeavor to be better than their parents if the parents are really good at what they do 09:20 Children, rich or poor, should really get interested in something For business inquiries or other matters, please contact us via email: billionairephilosophy88@gmail.com. To further deepen your knowledge on investing and wisdom acquisition, please visit: Book Lists Recommended by Warren Buffett, Charlie Munger and others https://www.amazon.com/shop/billionairephilosophy If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Investing, Law, Life Lessons, Richest Man on Earth | Charlie Munger | Best Investor Ever 2023 & 2011 Description: #charliemunger #warrenbuffett #lawyer #investor #lawyerturnedinvestor #berkshirehathaway #investments #2023 #2011 #richestmanonearth In this video, Charlie Munger shares his life experience as a lawyer turned investor. And he's one of the best investors there is. He mulls that he could be the richest man on earth with some tweaks! Here, he shares some best life advice too. If you like this video, please share and subscribe. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. HIs friendship with Warren Buffett is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> DUMB IS FOREVER, SO BE LESS CRAZY & LESS STUPID | CHARLIE MUNGER'S BEST ADVICE | 2023 | DJCO Description: In this video, Charlie Munger gave advice that Dumb is Forever, so be Less Stupid and Less Crazy. He attributes Berkshire's success to wising up by investing in great companies that goes up and up and up. He also shares insights that some people just can't be taught, so, teach those who can be taught. #charliemunger #dumbisforever #personalimprovement #berkshirehathaway #djco #dailyjournalannualmeeting #2023 Timestamp 00:00 Introduction 00:07 How Berkshire got rich: Be less crazy, less stupid 01:10 Long runway helps 01:25 Wising Up 01:40 Dumb is Forever 02:20 Having Good Judgment Is Important 02:50 Some can't be taught 03:35 Improve what can be improved 04:30 Secrets of Academia 04:59 Old Saying: Dumb is Forever If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Singapore & Lee Kuan Yew fought Tooth & Nail in BATTLE with WESTERN MEDIA | Asians are not STUPID! Description: Lee Kuan Yew’s battle with the western media started early. Even as a young prime minister, he treated western media with caution and combativeness at the same time. Going forward into the nineteen seventies and the eighties, Lee Kuan Yew’s relationship with the western media remained terse. He explained his position rationally but remained firm that the media in Singapore cannot assume the role of the American media as an invigilator, adversary, and inquisitor. In the nineteen nineties and the two thousands, Lee Kuan Yew mellowed in his treatment of western media but could be acerbic when a journalist made baseless assumptions. In 2009, he even gave advice on how China can better handle western media. In twenty eleven, Lee Kuan Yew said he had to fight the Singapore and international media tooth and nail. He succeeded because he’s like Ronal Reagan. Lee Kuan Yew was determined and he delivered. When asked the question: Precisely because people know the record of the PAP government, do you need to nail every lie to protect your reputation at all cost? Lee Kuan Yew replied: Put that question to the new leaders. I defended my position tooth and nail. I succeeded. I fought against the media in Singapore and internationally. I won because I’ve persuasive powers. I can speak to the people over the blather of the media. In a way, I’m like a local Ronald Reagan. And I deliver. When I say I’ll do something, they know I’m going to do it. #leekuanyew #singapore #westernmedia #internationalmedia #lky #battlewiththemedia #americanmedia Timestamps 00:00 Introduction 00:40 Lee Kuan Yew vs. American Media (NBC) – 1967 02:20 Lee Kuan Yew vs. BBC (1977) – Understanding the Asian Mind 03:35 Lee Kuan Yew meeting Foreign Press (1984) - On his son, Lee Hsien Loong, entering politics 05:50 Lee Kuan Yew vs. Western Media – Third World Perspective (1988) – Press in Singapore cannot be the 4th Estate by being Invigilator, Adversary, and Inquisitor – Asian Values vs. American Values 09:40 Lee Kuan Yew vs. BBC HARDtalk (1991) – On elections, human rights – Don’t misquote me or quote out of context 16:20 Interview with Indian Media – In Conversation (1996) – What is Liberal Opinion? 18:12 Lee Kuan Yew vs. Financial Times (2000) – Asians are not stupid. Asians can think out of the box. Singapore education is top 5 in the world. 23:56 Interview with Charlie Rose (2000) – Singapore’s clash with Wall Street Journal, Far Eastern Economic Review – Lee Kuan Yew wants right of reply through “Fair, Open, Truthful Press” but not “Free Press” 27:10 Lee Kuan Yew @ Kennedy School of Government, Harvard University (2000) – Winning Elections in the Western World (USA and Europe), particularly through Packaging and Advertising, is unlikely to throw up strong leaders 28:18 Lee Kuan Yew vs. CNN (2008) – Copy America’s inventiveness, creativity but not on gun or drug controls. And exporting American style democracy is not doable. 32:42 – Interview with Chinese Media (2009) – How to better handle Western Media 34:38 – Lee Kuan Yew fights tooth and nail with International and Singapore Media. He’s a local Ronald Reagan. If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Lee Kuan Yew (16 September 1923 – 23 March 2015), born Harry Lee Kuan Yew, often referred to by his initials LKY, was a Singaporean lawyer, politician and statesman who served as the inaugural Prime Minister of Singapore between 1959 and 1990, and Secretary-General of the People's Action Party between 1954 and 1992. He was the Member of Parliament (MP) for the constituency of Tanjong Pagar from 1955 until his death in 2015. Lee is widely recognized as the founding father of Singapore. Lee was born in Singapore during British colonial rule. After World War II ended, Lee attended the London School of Economics briefly before transferring to Fitzwilliam College, Cambridge to study law, graduating in 1947. He was called to the Bar from the Middle Temple in 1950. Upon his return to Singapore, he practiced as an advocate and solicitor whilst campaigning for the British to relinquish their colonial rule. He is the founding Prime Minister of Singapore. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Benjamin Franklin Was My Hero: I Modeled My Personal and Financial Life After Him | Charlie Munger Description: In this video, Charlie Munger encourages us to copy Benjamin Franklin based on our own make-up and ability but not blindly. Charlie Munger is known to be an ardent admirer of Benjamin Franklin. Ben Franklin, who was of humble origins, rose to become a best diplomat, scientist, inventor, and writer of his times. He also played four musical instruments, one of which he invented himself. He was also one of the key shapers of the American Constitution. The trust fund which he founded for Philadelphia and Boston continues to pay out to this day. Do you still wonder why Charlie Munger admires Benjamin Franklin? In a speech tiled “Investment Practices of Leading Charitable Foundations”, Charlie Munger had this to say when advising Charitable Foundations to imitate Benjamin Franklin. Furthermore, all the good in the world is not done by foundation donations. Much more good is done through the ordinary business operations of the corporations in which the foundations invest. And some corporations do much more good than others do in a way that gives investors therein better-than-average long-term prospects. And I don’t consider it foolish, stupid, evil, or illegal for a foundation to greatly concentrate investment in what it admires or even loves. Indeed, Ben Franklin required just such an investment practice for the charitable endowment created by his will. Why not thus imitate Ben Franklin? After all, old Ben was very effective in doing public good. And he was a pretty good investor, too. Better his model, I think, than Bernie Cornfeld’s. The choice is plainly yours to make. Speech to the Foundation Financial Officers Group at Miramar Sheraton Hotel, Santa Monica, California, October 14, 1998, sponsored by the Conrad Hilton Foundation, the Amateur Athletic Foundation, the J. Paul Getty Trust, and Rio Hondo Memorial Foundation. #benjaminfranklinquotes #charliemunger #benfranklin #polymath #berkshirehathaway #djco #dailyjournalannualmeeting #2023 #1998 If you like this video, please share and subscribe. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video> <video> Invest with Favorable Odds, Volatility is Good for Good Businesses | Warren Buffett & Charlie Munger Description: #warrenbuffett #charliemunger #odds #favorableodds #volatility #risks #berkshirehathaway #investments #berkshirehathawayannualmeetings #seescandies #washingtonpost In this video, Warren Buffett and Charlie Munger share their insights on investing with favorable odds, risks, and volatility. Warren Buffett says volatility is a good thing for a good business. He cites See’s Candies as an example where the company can lose money for eight months and make lots more in the balance months. For good businesses, Warren Buffett uses one discount rate. Also, Warren Buffett does not use a higher discount rate to compensate for his lack of understanding of a business. When he bought Washington Post and it dropped 50%, he saw it as a wonderful thing. Timestamp 00:00 Investing is like shooting agate marbles 00:20 Never play for stakes unless you could play better 00:40 Don’t be dummkopf investors: People who weren't assessing the odds the way it was easy to assess the odds 01:00 High school Permutations and Combinations are important 02:30 See the future and it wouldn't make any difference whether the money came from running street cars or from selling software 03:00 Warren Buffett looks at risk as go or no-go valve 03:20 Risky for you might not be risky for me and vice-versa 03:40 Discount rates don’t matter if you don’t know the business 03:50 Same discount rate for everything? 04:40 Great emphasis on volatility in corporate finance is nonsense 05:00 Favorable odds more important than volatility 05:30 High volatility better than low volatility? 06:45 Non-volatile business but volatile stock If you like this video, please share and subscribe. https://www.youtube.com/@BillionairePhilosophy?sub_confirmation=1 Subscribe now: @https://www.youtube.com/c/BillionairePhilosophy Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations. Charles Thomas Munger was a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cut to the chase, and often which his unique sense of humor. He was the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation. Charlie Munger passed away on November 28, 2023, at age 99, one month short of 100 years old. Please visit us: Amazon Link: https://amzn.to/3C8lF04 Url Links https://www.charliemungersays.com https://www.billionairephilosophy.com https://www.warrenbuffettsays.com Facebook Groups https://www.facebook.com/groups/charliemungersays https://www.facebook.com/groups/billionairephilosophy https://www.facebook.com/groups/warrenbuffettsays </video>

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