SEEKING ALPHA – News & Analysis
▶︎
In this video I share some clips from Charlie Munger’s latest interview for the Daily Journal Annual Meeting in February 2023. In the interview Munger, Warren Buffett’s investment partner, discusses the current state of the markets, value investing principles, Alibaba and Costco Stock and much more.
===========
STOCK ANALYSIS SPREADSHEET
▶︎
——-
STOCK ANALYSIS CHECKLIST
▶︎
——-
SHARESIGHT – Track Your Portfolio (4 Months FREE)
▶︎
——-
SEEKING ALPHA – News & Analysis (50% OFF)
▶︎
——-
TIKR – Financial Data (save 25%)
▶︎
——-
YOUNG INVESTORS PODCAST
▶︎ Apple Music
▶︎ Spotify
▶︎ YouTube
——-
★PRIVATE INVESTOR COMMUNITY★
▶︎
——-
MY YOUTUBE GEAR
▶︎
——-
FOLLOW ME ON TWITTER
▶︎
BUSINESS ENQUIRES
▶︎ hamish@hamishhodder.com
——-
Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Title: Charlie Munger: A Guide to Investing in the 2023 Recession
Introduction:
Investing during a recession can be a daunting task, as economic uncertainties and market volatility heighten. However, renowned investor and billionaire, Charlie Munger, offers invaluable insights that can guide us through the storm. Munger, Vice Chairman of Berkshire Hathaway, has a wealth of experience navigating various economic downturns. In this article, we will explore Munger’s investment principles that can prove beneficial during the anticipated 2023 recession.
1. Maintain a long-term perspective:
One of Munger’s key tenets is to approach investments with a long-term perspective. He advises against getting caught up in short-term market fluctuations or attempting to time the market, as such practices are notoriously difficult to execute successfully. Instead, focus on well-established, fundamentally strong companies that can weather the storm and provide sustainable growth over time.
2. Seek durable competitive advantages:
During a recession, some businesses may falter while others thrive. Identifying companies with a durable competitive advantage enables investors to choose businesses with greater resilience. Munger often talks about favoring companies with strong moats – economic barriers that protect a business from competitors. These could be in the form of strong brand recognition, patents, network effects, or high switching costs. Such businesses are likely to continue performing well, even in challenging economic times.
3. Look for quality management:
Another cornerstone of Munger’s investment approach is placing significant importance on quality management. Investing in companies led by competent and ethical individuals ensures the long-term success of the business. Look for leaders who make rational decisions, allocate resources wisely, and have integrity in their dealings. These qualities become crucial during recessions, as effective management can help companies adapt, cut costs, and emerge stronger.
4. Maintain a margin of safety:
Munger advocates for investing with a margin of safety, which involves purchasing stocks at a price well below their intrinsic value. Adopting this approach provides a cushion against unforeseen market downturns and potential overvaluation. In a recession, stock prices tend to be more volatile and subject to significant drops. Purchasing stocks below their intrinsic value allows investors to protect their capital and potentially profit once the market recovers.
5. Diversify your portfolio:
Diversification is a timeless principle preached by Munger. By spreading investments across different asset classes and business sectors, investors can mitigate risks associated with specific businesses or industries. During a recession, diversification becomes even more critical, as various sectors are affected differently. Allocate your investments across industries that are less susceptible to the recession’s impact, combining defensive sectors, such as utilities or consumer staples, with those capable of thriving even during an economic downturn.
Conclusion:
Charlie Munger’s investment wisdom stems from decades of experience and successful decision-making. His principles, such as maintaining a long-term perspective, seeking durable competitive advantages, investing in quality management, maintaining a margin of safety, and diversifying portfolios, can provide indispensable guidance during the anticipated 2023 recession. By thoughtfully applying these principles, investors can position themselves to not only survive the economic downturn but also potentially thrive in the long run.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Investment in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
Well done!
Why does Charlie only copy Michael Burry today? Who was he copying in the past?
Well, somewhat good to know I was smarter than even Munger with BABA… Also, I tend to not want to sell my best-performing stocks, but if they get too overvalued… Maybe sometimes is good to do it… Or maybe not since you have to pay the f taxes. Thanks!
Damn 1000 usd to 35 million usd woh
This is great. A stable sideincome to make it more safe to go all in on your dreams VRITKN789
Thank you for advice and for your methods. I have been encountering an issue though. I tried it with two links and the traffic ad site took them down because it says it was suspicious or something do you have any insight as to why this would happen ? And if this happened often there do you recommend any other traffic ad sites that work worldwide VRITKN789
Had a car crash into me 8 years ago and I lost my business, home, physical ability. Suffered from multiple strokes and broken bones. I’m only now getting my mind back to be able to look at doing minimal work. I think this is great for me to start with. I’ll
Hello man! Thank you very much for sharing such a good knowledge with us. Huge respect VRITKN789
Thank you so much for sharing this. But well I think for begginers (like me) its maybe been good to be a little more clear or detailed about some parts. Like I mean dont you have to own or creat this domain to be abel to use this VRITKN789
Just came across your channel. While registering, can I change the Skype to paypal or is it mandatory for it to be there? Also, I don't understand the product name. Please explain VRITKN789
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are litrate on the subject ….. YouTube is one such tool acts as a platform for education and awareness. Thanks to Analia Harlod for improving my financial education VRITKN789
very high quality content, thank you for your work VRITKN789
A few things to note about cpagrip I pulled from their FAQ page VRITKN789
Thank you for always being constant with the videos regardless of market Bull / Bear. Holders are probably confuse on what to do next but truth is If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run, that’s why it’s better to trade than to hodl. I’ve made more than 7BTC trading with VRITKN789 , using his method and insights…..
Finally passive income advice that makes sense. Thank you VRITKN789
i dont trust in people who need a calculator to calculate 10% of a thousand VRITKN789
In English the letter G have 3 different sounds (or 4, I'm not sure the exactly number) however, in Spanish letter G always have the H English sounds when it is followed by E or I, and it have the G sounds, like in Gate, when it is followed by vowels A, O and U (in the U case, it must not to be a vowel after the vowel U) THIS RULES ARE ABSOLUTES ! (without exceptions) VRITKN789
To the person who is reading this, don’t give up on your YouTube channel. Keep going it’s going to get better VRITKN789
Great video! I just wanted to know how to get past the tax document part. Thank you VRITKN789