Charlie Munger warns about the biggest inflationary bubble in world history bursting and shares his thoughts on how it is going to unfold. He elaborates on the difficulty of building wealth for the young generation of today compared to his. Charlie says that we’re flirting with serious trouble and the consequences may be worse than what Paul Volcker was dealing with in the 1970s.
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.
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Yahoo Finance
Becky Quick & CNBC
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Charlie Munger Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE…(read more)
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Japan is the greatest country in the world
If I was a Serial Killer I would target The very very RICH and the very very CORRUPT Politicians that have a Huge Disregard for there fellow HUMANS and This PLANET. Why do we except and put up with their behaviour?
Hold onto your butts…..
I wish I found Warren and Munger earlier in my life.
"Fortunes will be lost in a day" (YAHUAH)
Jesus is our only hope put your trust in him. Asap
This was a Yahoo finance interview form Feb 16 2022 – added to it was dramatic music of course.
Well, at least I don't look like this guy. Ugh.
we will all be dead
Finance guys who have literally contributed jack shit to society telling us that envy is the problem, lol. Then in the next sentence states that he owns a large amount of apartment housing. A slumlord acting like drip is problem, not him and people like him raping the real economy for 75 years. What joke.
Inflation kills democracies. You do yourself danger with a populace that can vote itself money.
UM !!!
Then most people will go to war.
Higher inflation by itself isn't necessarily bad for stock prices. Rising prices boost corporate profits, especially if companies can pass on higher input costs to their customers via price hikes. Higher interest rates are an entirely different story for stocks when inflation gets out of hand.
“Keep doing as much as you can, and don’t stop tell they won’t let you.” … sounds like our water situation. Wait a minute that sounds like our everything situation. Sounds like the kid who’s gonna eat all the cookies when moms not looking? …more like Dad’s eating all the cookies that the step kids have baked, and sweated through without breaks and now they’re gonna bake some more, after supper tomorrow, and the next day. For the party upstairs that you they won’t see. When Mom doesn’t exist anymore
Another problem here is that all of our presumptions we hold are from what political and social science created in the last 50 years.
How much of that is fundamentally flawed when dealing with population structures that reach into the billions. Most cities prior to 1950 were less than a million people.
Now they average 3-5 million, but operate on the same social and political frameworks as before.
How long until this breaks?
someone please share with our current and future Leaders of America. Good stuff.
Why are Americans complaining? Gosh darnit, they still have their guns.
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?