Charlie Munger recently spoke at the Daily Journal's yearly conference and they covered how inflation will play out. In this part 2 video, I react to Charlie Munger's ideas on the current state of inflation.
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Timestamps:
00:00 – Introduction
00:25 – Download: The Inflation-Ready Checklist
00:30 – How Will This All Play Out And What Munger Is Doing
02:00 – Phil's Reaction To How Will This Play Out
05:16 – Question: What Are Your Thoughts To What Munger Has Said About Inflation?
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Recommended reading:
Devaluation: What is It & Can We Forecast It?
How to Invest Throughout Inflation & Protect Your Assets
Is Inflation Stealing Your Money? The Results of Inflation on Your Retirement
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Charlie Munger On How Inflation Will Play Out … My Response – Part 2:
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Charlie munger: Bitcoin’s going to ZERO!!! (Back when it was $300) lol
remember a guest of Greg hunter a view years back mentioning munger and buffet should’ve gone bankrupt during the 2008 crisis but were saved by the FED.
@peter dockrill a) how would they know that and b) literally the entire financial system would’ve gone under if it weren’t for the fed so that is not some kind of criticism of buffet or munger
Phil is the man!
Hi Phill…u are great investor and educator. Love seeing your videos.
But don’t need to create crazy thumbnail like other stupid content creators.
You always rock without that
When it comes to the world of investing, most people don’t know where to start. Fortunately, great investors of the past and present can provide us with guidance.*
Ahhh, the classic egg in the beer prank?
I think reits are very good against inflation.
The problem is you can’t rais them as fast as inflation rises. Unless someone moves out. 🙂
@Kathy C many triple net leases have built in rent escalators.
“You’re lucky if you have four good assets” I like the points he makes.
He alludes to the Buffett “20 hole punch card” that even 20 good buys over a lifetime is a lot to expect.
Me too
The central planners will do what they do best, overshoot. They overshot inflation, they will overshoot deflation, then they will overshoot inflation on the upside again and it will be the final meltup. So Basically spx 4k to 2800 to 8k imo.
I enjoy an 18th century drink called flip which is comprised largely of beer and egg.
Every time I hear Charlie Munger speak, I immediately think of that little speech you guys used to showcase at the beginning of every podcast back in the day.
Would you know the book value of BRK/B ?
1.34
You’re hard to hear on these vids, Phil. Charlie was loud enough, but you’re kinda muffled even with my volume up.
Agreed. Video editing required to adjust mic volume
What does 120% of book value mean? Can someone give an explanation, please?
Book Value = Total Assets – Total Liabilities
Agree, monetary target would be ideal.
I am looking to buy some McDonald’s stock when it falls further.
I highly doubt that Munger sees his Chinese stocks as a currency hedge. He’s invested there because Li Lu is a phenomenal investor
I think commodities and oil and gas companies are obvious plays during high inflation
What is the best way to get started investing in real estate?
The mic volume on your videos needs to be adjusted. They’re no longer as clear as they used to be. Charlie was easy to hear. A bit of time editing your videos to make your audience hear you better would come a long way…
Thank you for this feedback!
What are your thoughts about what Charlie Munger said?
Leave a comment below ⬇️
Berkshire doesn’t pay a dividend….not interested.