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Best Investment Advice ?

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Charles Thomas Munger is a business owner, investor, former real estate lawyer, and philanthropist from America, who presently serves as the vice-chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. According to Buffett, Munger is his partner. Between 1984 and 2011, he was the chairman of Wesco Financial Corporation. He also serves as the chairman of the Daily Journal Corporation, based in Los Angeles, California, as well as a director of Costco Wholesale Corporation. Originally from Nebraska, he was employed at the Buffett & Son grocery store as a teenager. He was a student of the University of Michigan, California Institute of Technology, and several other colleges before enrolling at Harvard to study law. During World War II, he did his military service with the US Army Air Corps. After his relocation to California, he was employed at a law firm before setting up his own firm. He later quit law and ventured into real estate development. He got his start as an investor in the early 1960s and is mostly known for his association with Buffett. As of 2019, his net worth is estimated at US$1.9 billion.

This man knows a thing or two about investing. His comments in the video are bang on the mark.

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4 COMMENTS

  1. If his net worth1.9 billion he is still a earner compared to many millions of others.
    Buffets outfits are not doing that well. Just propped up by the capital gain trading fantasy that’s called the stock exchange.
    Wait till she inais come home to roost and coca cola goes tits up.
    His outfit was the one who floated Biden with lots of cash to cancel the pipeline across America in favour of his railways doing the oil cartage.

    If Kea wants to talk abut a ponzi scheme ther’s one for him.

    About as intelligent as Biden.

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  2. The June 2022 GDP is announced by StatsNZ on the 15th. I did some back of the envelope calc’s a few months back that I worked out that if it’s not at least 1.75% GDP growth, then we’re in recession since that’s how much new government spending each quarter. March 2022 quarter was -0.2%.

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  3. What Warren Buffett Selling BYD Stock Means for Regular Investors
    September 11, 2022 Updated: September 12, 2022
    When Berkshire Hathaway, Warren Buffett’s investment firm, began trimming its stake in Chinese electric car and battery maker BYD, rumors began circulating on what it means for the company, China’s stock market, and ordinary investors following Chinese stocks.

    But to regular everyday investors who follow Buffett, it means very little.

    On the surface, the stock sales appear strange. After all, BYD now is the world’s second-biggest electric vehicle (EV) battery maker, overtaking South Korea’s LG. Sales of its EVs have also been accelerating. Its first-half 2022 net income tripled. BYD also has a commanding 30 percent market share in China’s expanding EV market. Those are all good news that on their own, should send the company’s stock soaring.

    And finally, after policy sentiment in Beijing has turned against technology companies and the country’s economically destructive COVID policy has rendered the future bleak, Berkshire has decided to begin unloading its massive shares in BYD. And we haven’t even touched upon more direct factors impacting BYD’s financial outlook, which is bright but is facing headwinds. Raw material prices for EV batteries will squeeze the company’s margins. And despite the recent decline in its stock price, BYD continues to trade at higher multiples than peers and very high absolute multiples. BYD has also been accused by the Australian Strategic Policy Institute of being connected to forced labor among the Uyghur population in Xinjiang.

    https://www.theepochtimes.com/what-warren-buffett-selling-byd-stock-means-for-regular-investors_4723609.html?utm_source=uschinanoe&utm_campaign=uschina-2022-09-12&utm_medium=email&est=1xz3ex5fysmihKG0mMJsmNkM1R1YQsAEPvNpKRg3DOjEzKTw%2B4s0jaiKxUWcryg%3D

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