Table of Contents
Buffett on the Berkshire \”Compounding Machine\”
นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูความรู้เพิ่มเติมที่นี่
Berkshire Hathaway Chairman and CEO Warren Buffett speaks at the 2019 Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska. Buffett says compounding is one of the safest ways to make money over time and that preserving Berkshire’s legacy as a \”compunding machine\” is his primary motivation for waking up in the morning.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, uptodate news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Charlie Munger on Mistakes to Avoid in Life. | [C:C.M Ep.34]
[Join YAPSS Membership, For Early Access to New Videos]
https://www.youtube.com/channel/UCpzAAXa2cvyEnfc7rurcCcQ/join
In this episode, Charlie Munger shared his mistake that could have double the Mungers present net worth and Mozart mistakes in life. And what can we learn from it?
In this episode, you’ll learn:
What are the life mistakes you should avoid?
What can we learn from Mozart and his life?
What is the secret to wealth?
(https://www.yapss.com/post/collectioncharliemunger34mistakes)
CharlieMunger DailyJournal
[Transcript]
CHARLIE MUNGER 00:08
In my life, to give another example, the Mungers would have twice the assets they now have if I hadn’t made one mistake of omission back in nineteen 70s. And…really stupid. I blew an opportunity that would have doubled my present net worth. That is a normal life. You get one or two. And how things work out…
We all know people that are out married, I mean their spouses are so much better. Think of what a good decision that was for them. (Laughter) And what a lucky decision. Way more important than money. And a lot of them did it when they were young, they just stumbled into it. Now you don’t have to stumble into it, you can be very careful. A lot of people are wearing signs, “Danger. Danger. Do not touch.” And people just charged right ahead. That’s a mistake. Well you can laugh but it’s still a horrible mistake.
It’s been fun for the people on this board to know one another and work on these oddball things and handle life’s vicissitudes. Of course it’s very peculiar that we’re so old. I mean imagine a place where Gary Wilcox is one of the young men. The guy’s wife is still in golf champion. But that’s not because she’s good when she’s old. I mean it’s an amazing group. That’s an interesting example too. Imagine me as an old and as impaired as I am and having a pretty good time. How does that happen? Well you…That is another story.
I’ll tell a couple of other stories too because you like stories. Here’s an apocryphal story that is very instructive. A young man comes to visit Mozart. And he says, “Mozart” he says, “I want to write symphonies”. And Mozart says, “How old are you?” The man says, “I’m 23.” And Mozart says, “You’re too young to write symphonies.” And he says, “But Mozart you were writing symphonies when you were 10 years old.” And Mozart says, “Yes but I wasn’t asking other people how to do it.” (Laughter)
Now there’s another Mozart story. Here’s the greatest musical talent maybe that ever lived. And what was his life like? Well he was bitterly unhappy and he died young. That’s the life of Mozart. What the hell did Mozart do to screw it up? Well he did two things that are guaranteed to create a lot of misery. He overspent his income scrupulously, that’s number one. That is really stupid.
And the other thing was he was full of jealousies and resentments. If you overspend your income and be full of jealousy and resentments, you’re going to have a lousy unhappy life and die young. All you’ve got to do is learn from Mozart. You can also learn from that young man who was asking Mozart how to write symphonies. The truth of the matter is that not everybody can learn everything. Some people are way they hell better. And of course no matter how hard you try there’s always some guy who achieves more. Some guy or gal. My attitude is ‘so what?’. Does any of us need to be the very top of the whole world? It’s ridiculous.
Another thing that people do that I regard as amazing is they build these enormous mausoleums. I think they figure they want people to walk by that mausoleum and say, “Gosh I wish I were in there!”. (Laughter)
Anyway. You can see we’ve have had some fun as we go along and it’s worked so well. But if you actually figure out how many decisions were made in the history of the Daily Journal Corporation or the history of Berkshire Hathaway it wasn’t very many per year that were meaningful. It’s a game of being there all the time and recognizing the rare opportunity when it comes and recognizing that the normal human allotment is to not have very many.
Now it’s a very competent bunch of people who sell securities who act as though they’ve got an endless supply of wonderful opportunities. Well those people are the equivalent of the race track tout. They’re not even respectable. It’s not a good way to live your life to pretend to know a lot of stuff you don’t know and pretend to furnish a lot of opportunities you’re not furnishing. And my advice to you is avoid those people, but not if you’re running a stock brokerage firm. You need them. But it’s not the right way to make money.
This business of controlling the costs and living simply, that was the secret. Warren and I had tiny little bits of money. We always underspent our incomes and invested. And if you live long enough you end up rich. It’s not very complicated.
[DUE TO LIMITED WORDINGS, VISIT BLOG LINK FOR TRANSCRIPT]
รายงานอัตราเงินเฟ้ออังกฤษกระทบเงินปอนด์
ปัจจุบันอัตราเงินเฟ้อของอังกฤษอยู่ที่3% วันนี้เวลา 17.00น. มารอฟังรายงานอัตราเงินเฟ้อของสหราชอาณาจักร และ 22.00น. ยอดขายบ้านมือสองของสหรัฐอาจช่วยหนุนดอลลาร์แข็งค่าขึ้น
ลงทะเบียน และศึกษาที่ http://bit.ly/2ktcjEe
เข้าร่วมกับเราบน Facebook http://bit.ly/FacebookOT
ทำไมนักลงทุนทั้งโลกกลัวการมาของ “อัตราเงินเฟ้อ”? | #ถามทันที #เศรษฐกิจ
ถามทันที ทำไมนักลงทุนทั้งโลกกลัวการมาของ “อัตราเงินเฟ้อ”?
ถามอีก กับคุณทวีสุข ธรรมศักดิ์ นักวิชาการอิสระทางเศรษฐศาสตร์ระหว่างประเทศ
โดย อิก บรรพต ธนาเพิ่มสุข, AFPT ที่ปรึกษาการเงิน
ที่ถามอีก กับอิก TamEig เวลา 20.30 น.
【C:C.M Ep.46】Charlie Munger advice for the Seekers of Compound Interest. | Daily Journal 2019
[Join YAPSS Membership, For Early Access to New Videos]
https://www.youtube.com/channel/UCpzAAXa2cvyEnfc7rurcCcQ/join
In this episode, Charlie Munger was asked in the last few years with very low interest rates, it’s been difficult to find opportunities for having a long term compound interest based strategy. So beyond investing in Berkshire, Value Investing, or index funding, where would he invite us to find opportunities for long term investment where compound interest is really that force?
In this episode, you’ll learn:
What is Charlie Munger advice for seeker of compound interest?
(https://www.yapss.com/post/collectioncharliemunger46tohaveahappylifereduceyourexpectations)
CharlieMunger DailyJournalCorporation
[Transcript]
(Source: https://youtu.be/X1Oi3esiry8)
AUDIENCE MEMBER 00:07
In the last few years with very low interest rates out there it’s been difficult to find opportunities for having a long term compound interest based strategy. So beyond investing in Berkshire, Value Investing, or index funding, where would you invite us to find opportunities for long term investment where compound interest is really that force?
CHARLIE MUNGER 00:30
Well, my advice for a seeker of compound interest that works ideally is to reduce your expectations. Because I think it’s going to be tougher for a while. And it helps to have realistic expectations. Makes you less crazy.
And I think that – you know they say that common stocks from the aftermath of the Great Depression, which was the worst in the English speaking world in hundreds of years, to the present time may be an index that’s produced 10 percent. Well that’s preinflation.
After inflation it may be 7 percent or something. And the difference between 7 and 10 in terms of its consequences are just hugely dramatic over that long period of time.
And if that’s 7 in real terms, but achieved starting at a perfect period and through the greatest boom in history, starting now it could well be 3 percent or 2 percent in real terms. It’s not unthinkable you’d have 5 percent returns and 3 percent inflation or some ghastly consequences like that.
The ideal way to cope with that is to say, “If that happens, I can have a happy life.” Because why shouldn’t you be happy in spite of the fact that civilization wasn’t quite as easy as it was for my generation.
Now beyond that, when it gets more difficult, how should you do it? Well the answer is, because it’s going to be very difficult, you should work at it. And if all that gets you is 6 percent for a lifetime of work instead of 5, you should be cheerful about it. If you want to hit it out of the park easily, you should talk to Jim Cramer. (Laughter)
นอกจากการดูหัวข้อนี้แล้ว คุณยังสามารถเข้าถึงบทวิจารณ์ดีๆ อื่นๆ อีกมากมายได้ที่นี่: ดูบทความเพิ่มเติมในหมวดหมู่Investement
732158 713066In case you happen to excited about eco items, sometimes be tough shock to anyone them recognise that to assist make distinctive baskets just for this quite liquids carry basic steps liters associated ceiling fan oil producing. dc no cost mommy weblog giveaways family trip home gardening residence power wash baby laundry detergent 612581
47940 356978appreciate the effort you put into acquiring us this information 59571
53600 566063Possible call for all types of led tourdates with some other fancy car applications. A lot of also offer historic packs and other requires to order take into your lending center, and for a holiday in upstate New York. ??? 434678
574484 492036I visited a great deal of web site but I conceive this 1 contains something particular in it in it 710362
149526 509992Hi my friend! I want to say that this post is awesome, nice written and consist of almost all significant infos. Id like to see far more posts like this . 410331
94488 274934I want reading via and I conceive this site got some actually utilitarian stuff on it! . 118604
872955 432720You ought to consider starting an email list. It would take your internet site to its potential. 889608
801101 714397Thank you for your very very good data and feedback from you. car dealers san jose 746927