Poor Charlie’s Almanack (Charlie Munger)

LIVE
 / 
  • Speed1
  • Subtitles
  • Quality
Quality
    Speed
    • Normal (1x)
    • 1.25x
    • 1.5x
    • 2x
    • 0.5x
    • 0.25x
    Subtitles
      🔉🔉🔉 CLICK TO UNMUTE 🔉🔉🔉
      • Copy video url at current time
      • Exit Fullscreen (f)
      0:00
      PRIVATE CONTENT
      OK
      Enter password to view
      Please enter valid password!
      Lesson summary:

      Charlie Munger, the legendary investor and partner of Warren Buffett, believes in starting with the don’ts to achieve success in life and investing. He advises playing it safe by avoiding areas outside one’s circle of competence and limiting risk to understand and control it. Munger also advocates learning from other people’s mistakes and becoming a Swiss Army Knife with a multidisciplinary approach to investing. He stresses the importance of using a checklist to measure risk, maintain independence, practice intellectual humility, allocate capital wisely, exercise patience, and act decisively when opportunities arise. Finally, Munger coined the term “Lollapalooza effect” to describe an extraordinary outcome created when several positive factors reinforce each other.

      WELCOME BACK

      INSTANT GUEST MEMBERSHIP ▸ FREE FOREVER ACCESS EVENTS, EDUCATION & MORE

      BLOOMBERG GLOBAL NEWS

      Bloomberg video news feed with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED

      RBA ECONOMIC UPDATES

      Periodic updates on the Australian economy, direct from the RBA, with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED

      US FEDERAL RESERVE UPDATES

      Bloomberg News focussed upon the Federal Reserve, with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED

      FX/GLOBAL BRIEFS

      Brief global updates with a focus upon currencies, with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED

      ASX MARKET UPDATES

      ASX-focussed updates, with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED

      BLOOMBERG BRIEFS

      Global briefs from Bloomberg with live charts, watchlists & fundamentals
      Audio/video feed with live charts, watchlists & fundamentals
      CHARTS + FEED