Remembering Charlie Munger (1924 - 2023)

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With the passing of Charlie Munger at the age of 99, I thought it appropriate to share 5 things I've learned from him over the years.
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ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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Опубликовано:

20 сен 2024

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Комментарии : 65

@terryadams1830 9 месяцев назад

The world is poorer without Charlie in it.

@hickok45 9 месяцев назад

Thanks for doing this video. We're all better for his having been on the planet!

@akamai8097 9 месяцев назад

Oh wow, its hickok!

@tab_nebraska235 9 месяцев назад

Very good, Rob! Thank you for this tribute to Mr. Munger, and very fitting way to close it!

@aem25 9 месяцев назад

This is excellent. Very meaningful that you paid Charlie Munger respect as you have done. What great lessons.

@ld5714 9 месяцев назад

Charlie was definitely one of a kind. I always enjoyed seeing and hearing him speak and share his wisdom.

@rgarri6396 9 месяцев назад

Rob you do an excellent job with your videos.

@deanfisher1656 9 месяцев назад

Nicely done Rob….some great quotes and discussion about an investor who made a difference for many people. I always loved Charlie’s moral compass related to greed. Thanks

@jaymetheaccountant 9 месяцев назад

Thanks Rob - good to see you during office hours at New Retirement! Friendly familiar faces go a long way sir. 😎

@pcash4088 9 месяцев назад

When someone so successful and wealthy passes away it really makes you think about no matter how different we all are and all the different paths we take. We all end up in the same place. RIP Charlie Munger.

@jimv77 9 месяцев назад

True…though his route was probably 15 years longer and nicer than the average person.

@MichaelHallerandAssociates 9 месяцев назад

Thank you I've been looking for something like this, Rob❤

@edgibbs3229 9 месяцев назад

Thank you for your video honoring Charlie.

@rightwingprofessor1356 9 месяцев назад

Bob: I bought a single share of BRK-B in 2022 so I could attend the 2022 Annual Shareholder's Meeting. Considering that Munger was 97 and Buffett was 92, I realized this might be the last opportunity to see them both, in person. I am glad I went. I plan on attending 2024's meeting as well, for the same reason. Buffett's time with us is getting shorter and shorter. God Bless Charlie Munger's family.

@QQ77651 9 месяцев назад

One of the first thoughts I had when I heard the news yesterday was, “I hope Rob makes a video about him”. Well done.

@05gtcaleb 9 месяцев назад

Charlie Munger and Peter Lynch are my two favorite people to listen too. The world certainly lost a legend, but is better off by having him in it.

@robertmeyers3640 9 месяцев назад

I bought Berk-B shares this year and looking forward to going to Omaha in May

@rideinthedark 9 месяцев назад

I live in Omaha and run by Warren Buffett's house regularly always waving at the security cameras out on the street. I always hope some of his wisdom (and/or wealth) will pass to me. As Warren's right hand man, we will never know the value of Charlie's wisdom and counsel provided to Warren but it had to be invaluable. May he rest in peace.

@georgelien 9 месяцев назад

He was such a funny man >__< I will miss him from his shareholders’ meetings

@chrism9037 9 месяцев назад

Great video Rob. We have lost a titan

@AffectionateMythicalBird-ys7in 9 месяцев назад

When I heard Charlie munger died I came to Rob's channel to see his response.

@Data_on_trail 9 месяцев назад

Thanks for including his comments on "heavy ideology". Those seem particularly salient for 2024, regarding investments and otherwise.

@MissMoonshineDance 9 месяцев назад

amen🎉

@daveferrell1137 9 месяцев назад

Thank You....very well said.

@davidfolts5893 2 месяца назад

Charlie Munger and Ben Franklin were great financial minds, creative and tenacious par excellence.

@mmp495 9 месяцев назад

Rob thank you for your thoughts on Charlie Munger. Charlie was so bright and smart witted. He will be missed.

@Historyteacheraz 9 месяцев назад

Charlie shared his wisdom over many years. These lessons are shared in A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger.

@jasonstewart3397 9 месяцев назад

End of an era

@TheSmartLawyer 9 месяцев назад

Nice tribute

@candynewman4267 9 месяцев назад

Great tribute to Charlie

@denniskirschbaum9109 9 месяцев назад

Rob if you have not read it, I highly recommend the biography of Andrew Carnegie by David Nasaw. Well written story of a fascinating man.

@haldriver1378 9 месяцев назад

Thanks Rob.

@rhendrick78 9 месяцев назад

Great video Rob!

@maaxt 9 месяцев назад

“A man’s got to know his limitations “…Dirty Harry Callahan, Magnum Force.

@kw7292 9 месяцев назад

Charlie and Mr Buffet are good dudes!!! Worked for a Buffet company for 11 years. Both are class acts.

@neilcook1652 9 месяцев назад

Have the book, very expensive but worth every penny, wonderful man in so many ways RIP

@noveltyrobot 9 месяцев назад

Much sad about this one 😢

@roberthuff3122 9 месяцев назад

I learn everyday that any ‘wealth’ you have is a loan.

@billycryer 9 месяцев назад

Rob, why avoid a 1% expense ratio on a mutual fund if the returns on the fund are very high-higher than the S&P, for example? Yes, the 1% expense ratio comes out to a lot of money compounded over years, but the difference in overall return is even greater. Trying to understand the line of reasoning.

@jeffcecchini3588 9 месяцев назад

If the fund *consistently* outperformed the S&P 500 after loads, fees, and the expense ratio over a very long period of time, it would be worth it. That's a big *if* though.

@mikepiper6077 9 месяцев назад

Jack Bogel. Founder of Vanguard. 2 well run funds . One high fees. The other low fees. Going forward unless you have a crystal ball you really dont know how the funds will do. Choose the one with lower fees. One less hurdle ( the high fees) to over come.

@jeffcecchini3588 9 месяцев назад

@@mikepiper6077 exactly!

@kitkarson4226 9 месяцев назад

RIP Munger 😢

@MC-gj8fg 9 месяцев назад

RIP

@pware9643 9 месяцев назад

Inversion : Making money starts with trying not to lose a lot ! (More interested in return Of my money than return ON my money !)

@70qq 9 месяцев назад

🤘

@bridgecross 9 месяцев назад

"Knowing what you don't know is much more useful in life and business than being brilliant." I know a few people who don't take that advice to heart *lol*

@pah9134 9 месяцев назад

Charlie has another book coming out in December.

@denniskirschbaum9109 9 месяцев назад

It's a new edition of the book Rob is holding.

@haldriver1378 9 месяцев назад

I pre-ordered it. $22 I think. Releases December 6.

@alex182618 9 месяцев назад

His sense of humor will be missed. His quotes, "Gold is for birds", "Crypto is like a fox hunt, when something unspeakable is in pursue of something uneatable."

@royprovins7037 9 месяцев назад

Especially since he didn't exactly breeze through life.

@johnny_blades 9 месяцев назад

Once again, the stock market (funds and stocks) don't compound and don't produce interest. RIP Charlie!

@george6977 9 месяцев назад

@johnny_blades 9 месяцев назад

@@george6977 Rob usually states this and it's not true. There is no fixed rate or return guarantee in stocks and funds.

@danielalexander799 9 месяцев назад

Why was Charlie Munger so much poorer than Warren Buffett?

@george6977 9 месяцев назад

Probably because Buffett had more Berkshire shares. Buffett bought the shares of his other partner who needed to sell in the 1973 crash to pay margin calls.

@Polostar79 9 месяцев назад

No variance of the word poor should be used when referring to someone that died worth $3B. Charlie wasn’t “poorer” he was less wealthy.

@Random-ld6wg 9 месяцев назад

in prior interviews he's mentioned that he had transferred a lot over the years to his family.

@jimlang7461 9 месяцев назад

Sorry but that is terrible advice for playing chess with a clock. Look at checks, captures, and threats. Don't waste time looking at bad moves.

@VictoireBoldwyn 9 месяцев назад

With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..

@VictoireBoldwyn 9 месяцев назад

@BarbDeLaney7 I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.

@VictoireBoldwyn 9 месяцев назад

I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Christy Valco D'souza on the internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too. @BarbDeLaney7