Charlie Munger and Warren Buffet managed to transform Berkshire Hathaway from a failing textile mill to a sprawling conglomerate worth over $500 billion. In this interview to CalTech alumni he has a lot to teach us about investing, and he explains why he sees market returns being lower in the next decade than the last.
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Charlie Munger | Be Prepared: Lost Decade For Investing (2021-2031)
Charles Thomas Munger is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner.
0:44 – HOW MUCH OF THIS INNOVATION IS HELPFUL TO THE MARKETS VS HOW MUCH IT ACTUALLY CREATES INSTABILITY
1:48 – HOW DO YOU THINK THE ECONOMY IS GOING TO EMERGE OVER THE NEXT 12 MONTHS FROM THIS PERIOD OF GREAT DIFFICULTY
2:45 – TRANSFORMATION TO RETAILS, IS IT GOING TO BE A SHIFT IN ONLINE RETAILS
4:28 – COULD THAT BE ACTUALLY GOOD FOR THE CONSUMER BUT MORE DIFFICULT FOR CERTAIN SETS OF INVESTORS
4:53 – DO YOU EXPECT THE NEXT 10 YEARS TO HAVE LOWER RETURNS IN THE EQUITY MARKETS THAN THE LAST 10 MONTHS?
5:30 – WHAT DO YOU THINK OF THE DOMINATIONS OF QUANTITATIVE EASING AND LARGE FISCAL DEFICIT AND WHERE ARE THEY GOING TO LEAD US?
7:12 – HAVE THE RULES CHANGE TO SOME EXTENT?
8:06 – IS IT NASDAQ IN A BUBBLE? WHEN WILL IT BLOW UP?
Full interview (Credits): A Conversation with Distinguished Alumnus Charles T. Munger (CERT ’44, CAVU)
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