Mistakes were made! Benjamin Franklin, as some have pointed out, was never an American president, he was one of the country's founding fathers. Apparently, I took for granted that every important political figure from the U.S. must have been a president at some point, and I missed to cross-check that one. Sorry! (At least I seem to have been 50% correct, as I also stated that he was dead, which no one has disputed yet) Charlie Munger's Mental Models: kzitem.info/news/bejne/2q2vt5Obh4B0fYo
@waiyanhtun6641
3 жыл бұрын
Make Munger's models! Long videos are better than the short ones . # appreciated
@jacecarey5324
3 жыл бұрын
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@alexoolau
3 жыл бұрын
Ben Franklin never was US president. He was one of founding fathers.
@cyberstud0074
3 жыл бұрын
I think Buffet and Munger both paired up in trading, forward trading, spread the news and momentum trade that in those days were not a crime. By the time rules changed they had enough in their pot and people who where ready to invest in their company.. Look at how Elon Musk is inflating both Bitcoin and Tesla by tricks...
@cyberstud0074
3 жыл бұрын
@TrollMaster Fictitious Fables of Europa True and now all asset classes have been super inflated. Another example is people who have huge real estate assets in NY are asking for rents for restaurants and other commercials that makes business very difficult to operate in profit. I see 2 things happening. Either some banks going broke again or small business people moving out of places like NY.
@einsteinnjr
3 жыл бұрын
Make mungers model. This Man is a genius. He improved buffet and graham's model. Which drove fundamental analysis..
@giova6824
3 жыл бұрын
My guy is a physicist, economist, lieutenant, hamster collector, investor, and a lawyer
@patw.6567
2 жыл бұрын
respect up 10000x more
@zomarzoo8764
2 жыл бұрын
Forgot about architecture 😂
@tylercalder3090
2 жыл бұрын
Lol hamster
@itzdm0r3
2 жыл бұрын
That's hilarious lol.
@bluecollarbullionballer4269
2 жыл бұрын
An a wonderfully brilliant smart ass a great person.
@LZin-uk5nh
9 ай бұрын
Rest in Peace
@Shawk95
3 жыл бұрын
Small correction: Ben Franklin was never elected president of the United States.
@pheonahemsworth373
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance..
Kid`s death is the biggest setback anybody can ever have!
@ilcomendante
3 жыл бұрын
Or.. make you less fragile in the long run? Always two sides to a penny
@0ptimal
3 жыл бұрын
Lot of people say reading is key to success, sure, but I think consumption of information is the key, which today can be done through many different ways, not just reading paper books. Including watching a video like this. In the end though, it matters what actions you take.
@NegativeAccelerate
2 жыл бұрын
Exactly
@videlonyx1043
3 жыл бұрын
Make Munger's models! ❤
@modalgvr
3 жыл бұрын
Hello and thanks. Make Munge’s model pls!
@iValueInvesting
3 жыл бұрын
17:07 "Intelligent people make decisions based on opportunity costs." -Charlie Munger
@christopherwilcox1
3 жыл бұрын
MAKE MUNGER’S MODELS! These “First Million” videos are top notch!
Charlie Munger is a fascinating character. I believe that Munger has always believed in holding an ultra concentrated portfolio and in his Investment partnership used to borrow as much as possible to boost returns. This is something that both Munger and Buffett have warned against doing when asked at the Berkshire Annual meetings!
@rick.bernal
3 жыл бұрын
More Munger and Buffett videos please. Keep them coming. Great stuff.
@chandra0094
9 ай бұрын
Rip munger ...... His learnings will be there forever
@garyk.nedrow8302
3 жыл бұрын
The video ignores some salient and determinative facts: Munger was in Los Angeles, which was growing rapidly, and invested in the rapidly growing L.A. real estate market. Gene Autry, the cowboy movie star, and others made big money the same way. Being in a large market in an industry that is rapidly growing is vital to making that first million. Those favorable circumstances are rare in small cities and rural areas, leaving securities as the only investment vehicle available, which requires greater financial acumen than most of us have. Which is why mutual funds are the ideal investment for most people. But even ordinary people can profit from the stock market if they stick to well-managed mutual funds, invest a little money regularly, and let smart people do the investing for you. Over a period of decades, the compounding effect has made millionaires of many people who had no understanding of business or securities.
@kevinmarr5290
3 жыл бұрын
Make Munger Models! This man is my ideal. I love his thought process and ideas. I can only dream to be half as smart as Charlie.
@brown307
Жыл бұрын
I second the Munger Models. Also the recap at the end is great for screenshots. Thank you for the great reviews.
@FrugalTeacherFI
Жыл бұрын
Make Munger Models!!!
@lolasogm
3 жыл бұрын
Even Munger was not immune to simping and losing everything to a gold digger in marriage. RIP
@johnl.7754
3 жыл бұрын
Well at least he got divorced early before really becoming rich.
@ieatshit1
3 жыл бұрын
Rich men are usually weak...to the vergina
@barnazadori9227
3 жыл бұрын
Quality video my friend. I could tell it from the first 3 minutes by how you introduced the rough path Charlie Munger took to get his first 1 mil. Now I'm continuing the video :)
@ravipatel9974
3 жыл бұрын
Did this guy just call Benjamin Franklin a former President?
@ClemensAlive
2 жыл бұрын
Thank you! What a great video documentury.
@Goodnewsglobal
3 жыл бұрын
You should do more interesting videos about how people made thier first million. Always inspiring.
@didyara
3 жыл бұрын
Very well made video as all ways! But there’s a slight correction, Benjamin Franklin was one of the founding fathers of the US but he was never elected President of the country.
@michaelhernandez-soria3643
3 жыл бұрын
Love the video. Quick note of correction. Ben Franklin was a “founding father” but never actually President of the United States.
@jacknguyen5677
3 жыл бұрын
Do you know why he wasn’t US president? Because he wasn’t born in America. There was another person that in US currency but wasn’t US president, do you know who that person was?
@karenshea7877
3 жыл бұрын
@@jacknguyen5677 He was fairly old after the Washington Administration.
@jacknguyen5677
3 жыл бұрын
@@karenshea7877 Alexander Hamilton was another person on ten dollar Bill, but wasn’t US President, because he wasn’t born in America!
@rishikamath6718
3 жыл бұрын
@@jacknguyen5677 Ben Franklin was born in America.
@abinaashmohan362
3 жыл бұрын
No... Franklin is the best friend of Micheal da santa
@finacademy1
Жыл бұрын
Exceptional storytelling mate! This video showcasing how the legendary Charlie Munger made his first $1,000,000 is a testament to his unparalleled wisdom and tenacity in the world of investing. The creators have masterfully chronicled the key moments, decisions, and strategies that shaped Munger's early success, providing invaluable lessons for those seeking to follow in his footsteps. It's truly motivating to witness how his unique perspective and disciplined approach to investing laid the foundation for the immense wealth he would eventually amass. I'm grateful for the opportunity to learn from this brilliant mind, and I highly recommend this video to anyone looking to gain insight into the mindset and tactics of one of the most successful investors of our time. A captivating and educational watch that should not be missed!
@benengel-k7u
4 ай бұрын
The fact that both came out of the same town and worked in the same store and still found each other is mind-blowing. Imagine how they talking about past and found out both did
@AlexVoxel
3 жыл бұрын
To be honest I was about to throw up when I saw Catie Wood next to Peter Lynch and Munger o.O
@alfredokaefer7263
3 жыл бұрын
I thought "one of these is not quite like the others". But the fact about Munger performing better than Lynch was definately a crazy interesting fact I dodn't know
@Anonymous-ld7je
3 жыл бұрын
Relax, it's just to give context about how wildly successful they have been.
@OffGridInvestor
8 ай бұрын
Me too
@OffGridInvestor
8 ай бұрын
@@alfredokaefer7263it was COMPLETELY incorrect. He got his facts wrong. Lynch averaged 29.1% over 13 years versus 19%
@tadghsmith1457
2 жыл бұрын
$2 a day in 1936 is the equivalent of $40 now. Not bad for a 12 year-old in depression era America, not bad at all.
@EgorSebastianBach
3 жыл бұрын
You are GOLD swedish investor. Great content. Munger is my top investor.
@jeanpolice3044
3 жыл бұрын
Nice work ! You are changing life with your great quality of work !! * Make Munger model * Take care 👍🏿 ⭐
@brandonnelson2649
3 жыл бұрын
Maybe we have different definitions of what it means to be "self-made", but after watching your video, I would have to say that Munger is decidedly NOT a self-made man. He had the extraordinary advantage of some great connections. This combined with his determination and intelligence is what allowed for his riches.
@TheSwedishInvestor
3 жыл бұрын
There are definitely levels to the self-made game!
@awordon9631
3 жыл бұрын
While I do agree, someone can have all the connections in the world and settle for a comfortable life without pushing themselves. Munger isn't entirely safe made, that's true. I do think his pursuit of information was definitely going to suit him had he not been born into their connections.
@hakunamatata7507
3 жыл бұрын
bruh he got a harvard law school hookup without college degree 🤦♂️
@Willyama
2 жыл бұрын
No one is self made, we are all connected
2 жыл бұрын
If you're not abandoned in a dumpster, you're not self-made 😁 And consider those with negative family; people with sick family members to look after and thieving family members to look out for. If you're from a lawyer family and your connections got you into Harvard, I sure don't consider you self-made.
@markneri011182
3 жыл бұрын
Make munger's models. by the way nice imitating their voices! :D
@wtidowu
3 жыл бұрын
Awesome video. Probably my favourite on here and I've watched a tonne. Make Munger's models please
@pheonahemsworth373
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance
@wazabi772000
20 күн бұрын
I liked the video at 20' after earing about the "Invert principle". Just great! Then I realised it wasn't the first good video from this channel I watched. So I subscribed 😊
@MrGlobalxD
3 жыл бұрын
Your content is so high quality
@TheShktk
3 жыл бұрын
Make Mungers’ models. And thanks a ton for the content!
@AndrisVerners
3 жыл бұрын
Loved the video, so much interesting information. Appreciate the time you spent on putting this together, pieces from books, snippets from here and there, it must be an insane amount of work! Thank you very much!
@sarthakkgangwani762
3 жыл бұрын
I just wanted to ask you-- Do you remember me??(I'm 18 now and had once asked your advice on how to start. It has been 1 year since I started investing and have achieved a CAGR(growth rate) of 22%.Thank you as you were my first mentor/teacher of fundamental analysis
@quarterlifeman2470
3 жыл бұрын
Wow! Congratulations!
@TheSwedishInvestor
3 жыл бұрын
Of course I remember Sarthakk Gangwani 🙌 I'm glad to see that you're still around and congratulation on your performance. Hope I'll be able to produce more information which you'll find valuable for your investing career here in the future too.
@sarthakkgangwani762
3 жыл бұрын
@@TheSwedishInvestor can you please make a video on Bitcoin (as it has no inherent value),so why do people invest in it and also the super high pe of Tesla
@ddjchoi
3 жыл бұрын
@@sarthakkgangwani762 second that
@Snirsinvestingdesk
3 жыл бұрын
"Charlie's family grew through mergers and acquisition". I can't believe you said that right when I took a sip of my coffee.
@cooneyshawn
3 жыл бұрын
Both Warren Buffett and Charlie Munger grew up upper middle class. Charlie's grandfather went to Harvard. Warren Buffett's dad came from a wealthy household. Charlie worked at the Buffett's grocery store when he was younger. And Warren's father owned a brokerage company and was a US congressman for one term. Warren got a lot of referrals to his first investment firm through his father. Additionally, they lived during the greatest financial boom in America's history starting in 1972 when Nixon took the US off the gold standard, which resulted in the US government pushing down interest rates to pay for the increasing US debt. The US stock market (S&P 500) averaged around 30% yearly returns starting from 1980-2000. A monkey throwing darts against a dart board could have returned at least 20% returns a year.
@sunnyhing91
3 жыл бұрын
Make Munger's models !!!
@LunaReign
Жыл бұрын
This is the best channel on youtube! What an awesome video ❤❤❤
@inderpreetsingh1063
3 жыл бұрын
Thank you for putting so much research and effort to give this gift to us.
@SimonMas
3 жыл бұрын
make munger's models. by the way, great channel. i often get bored with channels like this, but you have a lot of variety and genuinely good content to keep me watching and happily subscribed!
@samone5618
3 жыл бұрын
Make Munger`s models!
@Drachwill
3 жыл бұрын
Peter Lynch wasnt allowed to use margin nor was he allowed to own more than 5% of a company. That is not a fair comparison by any means
@TheSwedishInvestor
3 жыл бұрын
It's a good point! Also, he managed a lot more money which makes it more difficult. However, I think both of them qualify as two of the greatest to ever do it.
@Drachwill
3 жыл бұрын
@@TheSwedishInvestor They sure do, i just have a favorite with Lynch ^^
@elvenatheart982
3 жыл бұрын
Thankbyou for being in my life and showing me great wisdom
@pheonahemsworth373
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance..
@quest_edward
Жыл бұрын
Excellent video!
@xristinageorgiou8874
3 жыл бұрын
wonderful video! well done!
@BaesHome
3 жыл бұрын
Very informative video. Thank you. Make Munger's model video please.
@GoExperimental
3 жыл бұрын
Last time i checked you were on 70k So happy for you to be getting more subs now. Well done my friend!
@TheSwedishInvestor
3 жыл бұрын
Cheers Go Experimental, thanks a ton for the support!
@DeRussellMasina
2 жыл бұрын
Is that Pikachu mixed with a yellow bear 🐻 😂 😂
@shooter22
3 жыл бұрын
Make Munger’s Models!👍
@solomon8973
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance.
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance.
@razvandumitru5615
3 жыл бұрын
Interesting video! Like the rest you make. Keep going! Would be interesting if you could do something on Munger’s models. Thanks!
@zyxwfish
3 жыл бұрын
Maybe a cigar butt approach is good for a long while till you have too much cash to continue doing that, then invest the Munger way.
@TheSwedishInvestor
3 жыл бұрын
I second that!
@acetheboss13
3 жыл бұрын
Concentration creates wealth, diversification preserves it
@TubbyNinja-ti1ch
3 жыл бұрын
Absolutely love your videos, please 'Make Munger's Models'!
@bevylake3623
3 жыл бұрын
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION.* *RICH MINDSET SEEKS TO SPEND THEIR TIME,* *RESOURCES,* *AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED.*
@jeenallake1821
3 жыл бұрын
@The Swedish Investor scam.
@OffGridInvestor
8 ай бұрын
Yeah. That's how you get all these bargain basements and clearance stores. Crap noone wants
@kulturamoto3302
2 жыл бұрын
I love this series. I love your Buffett video and now Munger's. Can you make Ray Dalio next?
@MrKendoex
3 жыл бұрын
In case you missed the earlier comments, MAKE MUNGER'S MODELS Thanks!
@amruljihadi310
Жыл бұрын
Thank you so much for the video..
@PaprikaSiAtat
3 жыл бұрын
Cathie Wood is a joke, no need to include her here. Just calculate her average without the 2020 performance where she got a lot of coverage from the financial media (not for her bets on volume and hype sadly).
@lawrencesalazar6015
3 жыл бұрын
not everything is linear my friend, some people have to keep on doing the same thing for 1, 5, 10+ years before getting "overnight success"
@PaprikaSiAtat
3 жыл бұрын
@@lawrencesalazar6015 That's not the point. You should understand how she/they generated the results they had in 2020 before idolizing this kind of people. Besides, if you beat the market in 1 out of 20 years you kinda are bad at doing it. How can you know the 1 time isn't just luck? In this case, it's risk-taking, playing on liquidity and hype. Nothing special about her.
@ryankoh2606
3 жыл бұрын
Exactly, how can Cathie compared to the legend.
@OffGridInvestor
8 ай бұрын
Cathie is a damn joke yet they still have her on TV
@ronnelking5299
3 жыл бұрын
Pls. make munger’s models. Great video btw.
@andrzejandrzejos6674
3 жыл бұрын
I highly recommend you a book "The hour between wolf and dog" " :)
@art11000
3 жыл бұрын
Downloaded. Thanks
@johnpillow2748
3 жыл бұрын
One quick and easy way to get ripped off .....get married
@pheonahemsworth373
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance
I made my first million around the age of 33. 39 now and $5m net worth.
@iwillpro
3 жыл бұрын
Peter Lynch remains the Greatest Of All Time
@mrartdeco
3 жыл бұрын
But his portofolio is hard to replicate/follow because of it’s sheer size of diversification :( You need a gigantic amount of wealth to actually feel the benefit of each portofolio...
@iwillpro
3 жыл бұрын
@@mrartdeco it's too difficult... there's only one Peter Lynch ...but compounding is available for everyone
@solomon8973
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance..
Lawyers with very strong quantitative abilities sometimes become patent attorneys. Fine and dandy, but that group also includes some extremely successful business people.
@loganshearer7706
3 жыл бұрын
Make Munger's Models. Really i would love to hear it
@solomon8973
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance
Mr Richard Willie is the best,recommending him to all beginners who wants to recover losses like I did
@jeffreyvandan3106
2 жыл бұрын
Trading with Mr Eward Willie was never a regret to me , All thanks to him, he is the best I have ever seen.
@ruyoledmonton9012
2 жыл бұрын
You can reach him directly on Whats app
@ruyoledmonton9012
2 жыл бұрын
@Heather Shaw Let him know you were referred by one of his client
@jackleonard575
2 жыл бұрын
Earning massively with $ 3O0O I earned closed to $ 15, OOO ask me how , is not a trick you just have to know the right source
@wanzaaneann9414
2 жыл бұрын
His trading this week was 💥BOOOOM💥
@phyozinwin394
3 жыл бұрын
I love your animation and story telling. Will you share with me what tools are u using and how you did that?
@Sportsvee
3 жыл бұрын
Really good video as usual. Thank you. Please consider doing the first million as a series 👍
@TheSwedishInvestor
3 жыл бұрын
It's a good idea Tinman Enterprises, thank you! There's at least one other person that will be covered in a future video in case I'm able to dig up enough information 👍
@conductingintomfoolery9163
3 жыл бұрын
3:40 ahh my Favorite president Benjamin Franklin
@jbullionaire2749
3 жыл бұрын
Great summary. Amazing how much stuff he's been through in his life! Enough for several lives.
@marshallderriek1858
2 жыл бұрын
It's very easy to make your first million in the stock market because that means you are dealing in risky business .. but that leads to the next problem .. losing it .. that's why people who run the steady race are much more successful long term . Just like these 2
@ahdoah
3 жыл бұрын
Make munger's models
@solomon8973
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance..
Ben Franklin wasn't president +1. Occam's razor doesn't mean 'less is more.' Good vid and I know English isn't your first language, but these are pretty obvious issues.
@satisfyingmoments1761
3 жыл бұрын
Great vid!! Charlie is my pref investor of all time. Love your videos
@Crimac23
3 жыл бұрын
yeah Charlie is the best
@donsknots6510
3 жыл бұрын
_"[Because he was a Harvard legacy and a lawyer.]"_ There, I just saved you half an hour. *Occam's Razor* You're welcome.
@antkot1897
2 жыл бұрын
thx, i wanted to invest in stock, so im on my way to harward, Faculty of law wish me luck
@psycheisssdelic
Жыл бұрын
Munger was a real pokemon master! amazing
@1m2ogaming
3 жыл бұрын
The breeding strategy was about making billion prolly. If you make enough 1 of them will be genius. :D
@TheSwedishInvestor
3 жыл бұрын
To diversify, or not to diversify, that's the question!
@solomon8973
3 жыл бұрын
Thanks for your comment. If you'd like to make money investing on Bitcoin with little capital contact For more guidance
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