A Q&A session with billionaire investor and vice chairman of Berkshire Hathaway, Charlie Munger. In this interview, Charlie discusses a wide range of topics from life advice to the energy sector. Charlie touches on topic such as index funds, Donald Trump and much more.
The Small-Cap Investing Handbook Part Nine: 5 Rules For Small Caps
Jeff Bezos – From Rags To Riches
Billionaire Charlie Munger: Advice For Business And Life (2017)
Ray Dalio on Hedge funds, Success and Life/Work: http://bit.ly/RDVid1
Charlie Munger on Common sense and Investing:http://bit.ly/CMVid1
Billionaire James Simons: Conquering Wall Street with Mathematics:http://bit.ly/JSVidIA
Video Segments:
0:00 Are my ideas on what to do with my life the right ones to focus on?
2:50 Importance of American Express?
4:12 Is natural gas a good business?
6:16 How can you thrive as a polymath?
7:44 Spotting concerns?
9:33 Why is Warren Buffet a better investor after he turned 65?
15:27 Is Donald Trump qualified?
16:41 What is the most meaningful thing you have done with your life?
23:37 In another crisis, would there be a difference between the price of index funds and their underlying assets?
28:58 Favorite books and what tell do tell your grandchildren how to look for business opportunities?
33:10 Fulfilling duties?
34:44 The hardest idea you have ever destroyed?
38:24 Are capital allocators going to have to get more specialized?
41:25 Examples of investing small sums?
45:00 What is your favorite industry and why?
45:55 Any current monkey business in corporate America that concerns you?
48:40 If you had a billion dollars, would you be comfortable investing it in just 3 companies?
54:20 Irish banking preceding with the UK leaving the EU?
57:13 Thoughts on the prime minster of India?
1:02:00 What happened when you lost 50% in one year?
1:03:21 How do evaluate and manage people?
1:06:22 What would be the first thing a chinese person should do when investing in the US?
1:07:48 What are the big ideas?
1:11:07 The best way to invest with money managers?
1:13:34 Could the new administration unleash the animal spirit of the US?
1:16:12 When I get closer to your age, what will not change about business?
1:19:20 Is your fee structure fair?
1:20:48 Thoughts on agricultural industry?
1:25:42 How do you deal with the struggles of life?
1:28:25 Thoughts on border adjustment tax?
1:29:55 Where should deferred gratification be applied?
1:31:06 How do you know the limits of the circle of competence?
Interview Date: 16Th February, 2017
Event: 2017 Daily Journal Annual Meeting
