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Saturday, Aug 13, 2022

"Most People Have No Idea What Is Coming..." - Charlie Munger's Last WARNING

Charlie Munger warns investors of what’s ahead for the markets. He says, the trouble that’s coming could be worse and harder to fix than what was experienced during Volcker’s era that ended up with a huge recession.

Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charles T. Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, the psychology of wealthy people, rationality, and life experience.

🕒 Timestamps:
00:00 - "We're Flirting With Serious Trouble..."
03:20 - Investing in Stocks for the Long Term
04:14 - The Index Fund Bubble
04:44 - How Robotics Will Change The World
05:27 - Money Printing & History Lessons
06:45 - Selling Everything
07:23 - Why Warren Buffett is Holding Cash...
08:44 - Inflation Danger, "The Currency is Going to Zero"
10:50 - Things To Be Optimistic About
14:22 - Advice For Investors

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