Charlie Munger (Vice Chairman of Berkshire Hathaway) has always attributed his stock market success to a series of mental models and tricks he learnt at a young age. In this video letβs dive into 5 of the psychological tricks that have helped both him and Warren Buffett achieve such resounding outperformance in the field of stock market investing.
Full Interview:
New Money Clips:
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β β CONTENTS β β
0:00 Intro
1:08 Invert!
4:24 Know What You Don’t Know
7:56 Rational Thinking
10:23 Keep It Simple!
12:23 Read a lot!
#charliemunger #stockmarket
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
I'm hoping to go and see Charlie and Warren at this years' Berkshire AGM. Will any of you guys be there by chance? LMK!
Stocks are falling and bond yields are rising, but markets still donβt seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, whatβs the best way to take advantage of this bear market?
They had alot of luck picking the stocks that went to the moon and not selliing before…
I like that you link to the original interview. Good channel no bs, i like it π
Hi Brandon, how do I contact you on Twitter?
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
My p0rtfolio is plummeting significantly, Iβve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?
Simple tings n stuff n that.
BufeΕ₯Γ‘k
I have no idea when I subscribed to this channel, possibly when I was working on preparation of my 5 year goal, which from your 10 things you wish you knew before you started has changed to a hodl type goal of 10+ years so instead of having 36 years of goals I know have till the ancient years of my life goals.
This channel and others I am yet to listen to will teach me knowledge that I wasn't aware of.
A big thanks from an uneducated future investor from the little island Australia π¦
Thank you. I heard this method about Inverting, I just didn't understand it
Thanks for your valuable videos.Keep up the good work!
As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
0:13: π‘ Charlie Munger's financial success came from applying mental tricks and models to avoid making bad mistakes.
3:20: π Inversion and humility are key concepts for successful investing.
6:49: π Specialize in a specific area of expertise and be rational in decision-making.
10:11: π‘ Stay focused on the long term and don't panic during sudden market swings, and look for solid and straightforward businesses with great leadership.
13:18: π Reading is a valuable tool for self-education and learning at your own pace.
Recap by Tammy AI
Charles Munger will be 100 yrs. old next year 2024.
Hans Moleman?
'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so Iβm quite indecisive on how to tackle this market, any advice would be grateful .
America baraf mahuth 2023 houmeni pipeal? You trakak faill?
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $800k over time?
Thanks for this video and your sound summaries in between the "tricks"!
I was advised to diversify my holding among several assets such as stocks and bonds since this can protect my holding for retirement. I'm seeking to invest $400K across markets but don't know where to start.
CM…."dont be hate full, hubris not good and never stop learning" ……"i hate bitcoin with full confidence".
Ffs.
Stock god
Dont need to be a billionaire just millionaire first π¦π¦
Great vid. Thank you for putting it together
A 90% top marginal tax rate – there should be no billionaires.
RIP Charlie, you cant take it with you.
ππππ
It's a good thing for a multi billion dollar company to lose or gain 33% of its value in one year but for a day trader it's a disaster
Watched the whole video great job my portfolio is diverse, with investment in digital currencies, gold silver, but not as much as I want.would like to add a lot of low cap altcoins too, just not sure how to go about it or where to buy the coins. Diversifying my $420k portfolio across the market to withstand inflation is my goal can you help me?
Education/learning is not a destination, itβs a journey
My best investments have seen 50% swings to the downside and I bought more. If your convictions are well founded then the market is just offering you an outstanding deal, take it!
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
Pls, subtitle your videos.
Anything this man says, do the complete opposite. He is not your friend. The more you lose, the more he makes.
This looks like a Deep fake
Good job βοΈ
Could you please share tbe link to the video of your Best 5 Books please.
Reagrds
rip charlieπ a legend
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and itβs been stagnant, I would greatly appreciate any other suggestions.
PORT!! πͺπΎππΊπΈβ€οΈπͺπΎππΎπππΏ