Charlie Munger recently spoke at the Daily Journal’s annual meeting and they covered how inflation will play out. In this part 2 video, I react to Charlie Munger’s thoughts on the current state of inflation..
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Timestamps:
00:00 – Intro
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:
Hyperinflation: What is It & Can We Predict It?
How to Invest During Inflation & Protect Your Assets
Is Inflation Stealing Your Money? The Effects of Inflation on Your Retirement
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Charlie Munger On How Inflation Will Play Out… My Reaction – Part 2:
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REVEALED: Best Investment During Inflation
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I have never actually heard Phil mention buying bonds with his cash before. What kind of allocation should someone look at as far as buying T-bills with your cash?
When Apple hits 118 we are at the bottom, then buy buy buy and hold
china is getting crushed now. stocks..meh.. real estate is not so great…. but if you have billions u can sit on the sidelines and ride it out
My thoughts are much simpler, easier and better, AZO, DG, DLTR. You always win with no brains.
Depends on how oil plays out. By next yr inflation should be mostly* under control. The supply shocks due to mass consumer behavior change will level out. *if oil is still high inflation will be higher than '19/'20. Until then – oil service sector!
Berkshire doesn't pay a dividend….not interested.
What are your thoughts about what Charlie Munger said?
Leave a comment below ⬇️
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…
What is the best way to get started investing in real estate?
Very interesting take on investments in China as a hedge against weak dollar.
About China being 'enemy' of US like Russia is today, well, I think of Chinese smarter than that.
I think commodities and oil and gas companies are obvious plays during high inflation
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 am looking to buy some McDonald's stock when it falls further.
What does 120% of book value mean? Can someone give an explanation, please?
You're hard to hear on these vids, Phil. Charlie was loud enough, but you're kinda muffled even with my volume up.
Would you know the book value of BRK/B ?
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.
Great wisdom from Charlie. And good decision Phil on Chinese stocks. Geopolitical factors will always be at play in international investing. And so they should! It's not just about making money, there are other considerations such as values, human rights and freedom, which cannot be ignored.
I enjoy an 18th century drink called flip which is comprised largely of beer and egg.
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.
“You’re lucky if you have four good assets” I like the points he makes.
I think reits are very good against inflation.
it is not rocket science. the people that have been making these decisions on our financial system has been screwing it up for working and middle class and young generation. they will never admit it and they won't resign. someone needs to replace them all with a new team. if a company is in trouble, would you keep the same people in decision making position? no, you would replace them.
Ahhh, the classic egg in the beer prank?
Time in the market is better than timing the market.
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.*
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
I think < that inflation is already priced in the crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everyone because they are market makers. I hope I'm wrong and they don't continue to take it out on retail investors as usual. Those who hold the longest will profit the most, I trade and keep profit, keep up the great work! and also expert Myles Fox has been doing a great job reviewing all the charts, trades and techniques on BTC which has improved my portfolio growth to 17 BTC lately. You can contact Myles on ͲeIєɠɾαm (Mylesfox)for inquiries and profitable trades..,
Thanks Phil!
Thanks Phil
Phil is the man!
Charlie munger: Bitcoin’s going to ZERO!!! (Back when it was $300) lol