36 Burst results for "Munger"

Fresh update on "munger" discussed on The Bad Crypto Podcast

The Bad Crypto Podcast

01:33 min | 10 hrs ago

Fresh update on "munger" discussed on The Bad Crypto Podcast

"There was some as analysis done where it's like. What zero point. Three percent of bitcoin is actually used for nefarious ways at this point. So that's an old school talking point there mr munger. How about you get with the program or go elsewhere. I could see on somebody's ledger. You know they're uses for bitcoin and there's this column on their nefarious ways. You know areas leads for the day. My bitcoin and kidnapping and murdering stuff. Here's some other interesting. Bitcoin news because that's what we do at the beginning of the show. We cover the bitcoin news. Not revolut is a company out of the uk which i actually have one of their debit cards. It's been interesting. I've enjoyed using it. You can just basically top up the debit card with fiat yourself. Another car will revolut. Is now launching bitcoin withdrawal. So they're banking app has has that in their the ability to buy bitcoin. But you never able to to to withdraw. You would actually have to sell your. Bitcoin converted to cash. And then put that on your thing so basically if you have one of their if you're one of their premium metal account holders you can now withdraw bitcoin from the app. And it's i believe it's revolut e. v. o. l. ut dot com and Go check it out if you wanted to have an extra way to have access to to money it's not a bad idea to have that. Have a have a car that you can top fiat and sell your crypto fiat. I guess now. Put it on your card so go check it out..

Three Percent UK Munger Ut Dot Com ONE Zero Point Account
Greg Abel to Succeed Warren Buffett When Berkshire Hathaway CEO Retires

America First

00:25 sec | 3 d ago

Greg Abel to Succeed Warren Buffett When Berkshire Hathaway CEO Retires

"Has some big shoes to fill. The Berkshire Hathaway vice chairman will succeed billionaire Warren Buffett as CEO. Buffet confirmed the succession plan to CNBC after Berkshire's Charlie Munger spilled the beans during the company's annual meeting over the weekend. 90 year old buff, it says while he has no plans to retire, if anything happened to him, Abel would be the one to take the top post that

Berkshire Hathaway Warren Buffett Charlie Munger Cnbc Buffet Berkshire Abel
Fresh update on "munger" discussed on Stansberry Investor Hour

Stansberry Investor Hour

02:58 min | 16 hrs ago

Fresh update on "munger" discussed on Stansberry Investor Hour

"I don't know that i have that temperament. Not many people do william. We've been talking for quite some time. And i want to thank you for being here but i do have one more question for you. And it's the same question. The same final question that i ask every guest on the show and that is if you could leave our listeners with a single thought today and i know that one single thought let's just get it out of the way by the book because it's really great and you'll get a lot of insight to a lot of famous investors. I've written down all the names. You so i think we've mentioned fourteen of today alone. Aside from by the book was what single thought if you could leave our listeners with just a single thought today what would it be. I think one of the most powerful ideas that i got from working on this book was from charlie munger who as i explained in the book is one half of the greatest investment duo of time. It he's his work with buffet. More than forty years. These guide ninety seven years old. And he's genius and the thing that he does that i think is thought i'd like to leave your listeners. With is he focuses immensely on reducing what he calls standard stupidities until instead of trying to be smarter. He's going through his life. Saying what are the forms of foolish thinking idiotic behavior and as he calls it unoriginal era the get people in time. Sorry that get people in trouble and and his view is if if you live along lot you systematically reduced these these mistakes standard stupidities. You're so far ahead of the game. Until i i think. For all of us we should go through our investment history. And say all right. What are the dump things that i'm inclined to do. Do i chase off the fads. Do i buy things that i don't understand. Do i get over. Emotional do i. Panic was time Do i invest in things. Where i have no competitive advantage. Do i over diverse. if i do a my over-concentrated these these things it get people in trouble again and again and and reduce those things so look at your portfolio and say where where my vulnerable. Where am i exposed. Because i i've i i'm not taking these principles seriously enough Maybe i'm investing in an area of the market. That's really overheated. Will or as manga said to me one thing he sees he will do. Repeatedly is by stocks at the top of the cycle that a cyclical assuming that somehow. It's going to continue and so. This is a standard stupidity. Right to to assume that whatever's happened most recently is going to continue to happen. So if bitcoin is surging it must continue to surge. If ted's researching it must continue to such no a..

Charlie Munger More Than Forty Years Today One More Question One Single Thought ONE William Ninety Seven Years Old One Thing Single Thought Fourteen TED Every
Buffett's right-hand man says US stock market is overvalued

Bloomberg Daybreak

00:18 sec | 2 months ago

Buffett's right-hand man says US stock market is overvalued

"Says Robin Hood markets and other brokerages attracting inexperienced investors are essentially offering quote gambling services, and I found a dirty way to make money. 97 year old Munger made the comments of the annual meeting of Daily Journal where he is chairman. Stocks Enter the Trading day in record territory. The Dow Jones industrial average closed

Robin Hood Munger Daily Journal
OxyContin maker Purdue Pharma pleads guilty in criminal case

AP News Radio

00:48 sec | 5 months ago

OxyContin maker Purdue Pharma pleads guilty in criminal case

"The company that makes oxycontin has formally admitted its role in the opioid epidemic in a virtual hearing with a federal judge in New Jersey Purdue pharma pleaded guilty to three criminal charges the oxycontin maker admitted paying electronic medical records company to send doctors information on patients that encourage them to prescribe opioids it it needed pain doctors through a speakers program to induce them to write more prescriptions and the company admitted impeding the DEA's efforts and knowledge and it had not maintained an effective program to prevent prescription drugs from being diverted to the black market the guilty pleas were part of a criminal and civil settlement announced last month Pennsylvania resident Cynthia Munger whose son is in recovery is among the activists pushing for Purdue owners and company officials to face criminal charges until we do that she says and we stop accusing brick and mortar not individuals nothing will change I'm Jennifer king

Purdue New Jersey Cynthia Munger DEA Pennsylvania Jennifer King
Michael B. Jordan is People magazine's 2020 Sexiest Man Alive

Steve Harvey

00:24 sec | 6 months ago

Michael B. Jordan is People magazine's 2020 Sexiest Man Alive

"That The sexiest man alive is Michael B. Jordan. Yes. Kill Munger from Black Panther. Charlie. What you say Tommy, be damned Every year I get looked over. I don't Everything Okay? She word

Michael B. Jordan Munger Charlie Tommy
Ethiopia: a Nobel Peace laureate goes to war

Monocle 24: The Foreign Desk

01:39 min | 6 months ago

Ethiopia: a Nobel Peace laureate goes to war

"There is no hostage to fortune. Quite like the nobel peace prize. Just as the peacemaker of today you can often be the munger of yesterday. They can also be the warmonger of tomorrow. Abi ahmed. Prime minister of ethiopia was two thousand and nineteen nobel peace laureate recognized for finally ending eighth european hostilities with its neighbor and former province eritrea a year later ibm prize. Looks like one of the nobel. Peace committees hastier. Garlanding along with those of yasser arafat. Suu she and henry kissinger ethiopia is at war with tegray. A region in the country's north the immediate cause was to graze decision to hold in september a local despite being told not to by abbey national government sheduled elections across the european were postponed due to the covid nineteen pandemic behind that lies to gray and resentment of amid efforts to reduce to graze dominance of ethiopia's national politics before abi ahmed became prime minister. The to gray in people's liberation front had effectively governed all of ethiopia for nearly two decades. It's hard to know exactly what is going on into gray right now. Phones down. the internet is off. It's not much easier to speak to theo. Paeans elsewhere in ethiopia several people. We asked to participate in this program. Responded that they were simply too scared but over the news there is none of it is good

Ethiopia Abi Ahmed Tegray Abbey National Government Eritrea Yasser Arafat Henry Kissinger IBM
Everything we expect from Apple’s iPhone 12 event on October 13

The Tech Guy

04:39 min | 7 months ago

Everything we expect from Apple’s iPhone 12 event on October 13

"Apple has an event called. Comma speed. which is Well, we're pretty sure it's going to be the IPHONE twelve announcement. There are still some question marks. There will be we believe we when I say we I don't know nothing the rumor mongers some of whom seem to be pretty and right on. Believe there will be four different models of iphone announced on Tuesday four. an iphone many which, and that's its name, which is hysterical. The iphone many. will be well many small but not that small I mean, Hey, it's the twenty first century. You can't. Be. Many as smallish smaller, the smallest of the four. I can't remember it's at six point one inches I have to go look at the rumors I don't keep track of these that much 'cause. Although by this time, you know here we are a few days before the announcement. Usually they're pretty they've converged. On. A on a truth, an agreed upon truth. So I think that's probably what's going to happen. and then the all by the way all four. All four will have a five G. even though it doesn't matter because. If. You can get five G. AND IF YOU'RE ON T. Mobile, they have what they call low band five G., which is low and not any faster than Lt. They have. mid and up ultra band high band which you can almost. Anywhere, there's at and T. Five G., which is really just four G. Masquerade with little mask on saying woo boo I'm five G. and it's not fast. So there's really no you have. No believe me. This this we're talking five G. is years away like at least a year or two before it's GonNa come to you unless you're in a big city like New York City and you're within a hundred feet of who the transmitter. There's very limited five G. so don't worry about five G.. actually the mini is really small I'm sorry I going to correct myself five. Point four inches according to rumor. Munger. Mark Gherman who usually is pretty good. Pretty. Good on these. Then, they'll be a I phone. Twelve. That's just the middle one that usually the bestseller by the way although with a mini in there, we might you know. That might be kind of there might be something there. People will want because it's really. Five point seven. So tiny tiny So, let's see. Let me think. Okay, the iphone twelve. which by the way, the biggest thing is going to be colors, lots of colors, lights, colors, I haven't twelve then the twelve pro, which you'll have three cameras not to the pro Max. which will be really big. So the there's the five point four many. So confusing the iphone twelve, which is five No I'm sorry. Six point one inches, the iphone pro twelve pro, which is six point one inches and the iphone twelve pro Max, which is six point seven inches. Among I'd Inga. Anyway, they're going to announce it Tuesday. So what you know, you'll figure it out pricing. You know it's going to be expensive I think the lowest cost the iphone mini will be around seven. Hundred Bucks, but don't quote me. Five G. Four anything else to tell you now. Lead no more LCD screens s over supposedly they'll all come with. New. A fourteen ship with is like so fast. It's really fast. Maybe better battery life, which is an issue because five G. Radio's just drain the battery. Super. I guess really I should've just waited till next week we could talk about it because that's you know. The thing that we don't know is when you get these phone, so they're going to announce it Tuesday. Typically what apple would do is say you can order Friday this coming Friday. Which is what the Sixteenth Now's the thirteenth get the sixteenth and it would arrive at your doorstep the twenty-third a week after that that's typical and I think that's probably GonNa be the case with. The mini and the iphone

Apple Mark Gherman New York City Munger T. Mobile G. Radio
"munger" Discussed on EconTalk

EconTalk

07:35 min | 9 months ago

"munger" Discussed on EconTalk

"But at Duke, there's this little crappy Highschool Jim. Called Cameron Indoor Stadium where do clearly cheats I I just can't stand the fact that do cheat. So badly by having this tiny stadium that gives them such a big homecourt court advantage that little temple and maybe it's a football stadium maybe it's Cameron. Indoor. Stadium is a sense of shared experience that touches something very deep in the human psyche and many people are UNC fans. That didn't go to you see people are Michigan. Ohio state fans that didn't go there. So the sense of tribalism that we have particularly if it's connected with the shared experience of also going to class or eating in the same eating hall. So we're part of big tribes in having athletics and this it's not clear that this is going to happen although maybe it'll happen on television. But the the the big hundred thousand people that are watching an Ohio state game that may change that. One of the things that universities offer is the the sports stadium. The we're we're able to opt to serve people sense of tribalism. Call at the stadium just to make clear You said, some of the fans didn't even go there I was going to add and some of the players. Code are either in any effect but some other institutions perhaps but you think. That's exploitative. Of course, horrible in Chile as you know, the universities have soccer teams they. Many Times. Yeah. But they're they're not students. They abandoned the name of it yet they just but but it's still an enlargement part of bricks and mortar universe. So they unbundled it they said we can do better and not exploit students. We'll just hire football team we you call it a Tribalism I think that is Something of a shrine you can think of it as a theater Oh really a place for that shared transcendent feeling that. You know. My Foot my sports team that I'm enjoying in the presence of. One hundred thousand other people is a special experience so that's two. Three I have to object Dick vitelle sometimes calls. Cameron. Indoor. Stadium Cathedral vast basketball and it makes me one vomit. So. I'm going to stick with stadium. Okay Number Three Bunger The third is the maybe it's the fraternity house, the Sorority House maybe it's the student union of but universities provide. A really great activating service of the sort Charles Murray talks about all of you have pretty similar interests, education level expected income level, and so you've gotten rid of a bunch of problems of assorted meeting. You don't even really notice and in addition to a sort of meeting, you make connections with other people that may very well later serve you in business or for the rest of your life, those sorts of connections. Finally small groups gives you leadership opportunities and it's not that's not to say that the person who is the president of their fraternity or president of some Social Club, is good at it there terrible. But you get the experience of having to deal with people who are not like you. Who you benefit from. Working with. And then the the fourth. Of. Building is the one that's closest in some ways to Brian Kaplan's claim and that's the admissions office. So the admissions office, it is useful to have signaled someone else went to great links to investigate in a very difficult rent-seeking process in you want. So if all I know is that you were admitted to Harvard. then. It might be that you made baskets you wove baskets for four years, but you got admitted to Harvard you must have something special. And so as a result, the admissions office is giving this. Triple A.. Certification that you're better than other people along the dimensions that we use to decide these things. The faculty is that you can game those things and unsurprisingly as the thing is become more valuable the ability of wealthy people to game them has increased and the disparities have gotten larger the the BE A. Gap has gotten larger and the wealth wealthy people get wealthier because it's hard to imagine a system based essentially on power is going to protect the week. Yeah I I I don't Yeah. The the problem I've always had with. I'm more sympathetic to the argument today I was forty thirty twenty years ago. But the problem is is it's a very expensive signal you talk to you alluded to that earlier. You could develop a better. You said, it proves that someone has been able to do XYZ. We'll XYZ is take standardized tests. Do extracurricular activities pretend to volunteer to help the poor in. This country whatever it is or looked like they care be the NTH Vice President of the Chess Club. That can put Vice President of the chess club on their resume. So a lot of those things are empty or or just pure signals you'd think there'd be some ways that would be cheaper easier. Maybe I know part of the value signaling is that they're they're hard but. They're they're measuring is zeal rather than or your parents zeal but let's put that to the side you react. If you want I to talk about the unbundling thing, you'd think there should be a time especially in the AD in the aftermath of pandemic when a lot of people are wondering whether the tuition's worth it. Where people could offer some institutional alternatives to? University life that would capture some of these. Not all of them agree that it's hard to do it. Ala Carte. That's really the point of your essay is said, well, I wanNA take one of these and create a substitute to create four is is quite difficult but again, the current bundled options very expensive. There's a lot of social pressure. My kids not going to college Ah, because I think a lot of the measured benefits college because two. Different types of people go and so it's not obvious to if you don't go, you're not going to do well as he could do very well life carrying some other experiences but the the the uncertainty about that in a social pressure to just do the normal thing that everybody else is doing quite high and I'd say this moment as a chance to to create some. Reduce those costs and maybe create some options that are more attractive that could do other things. So I explain why you think the unbundling not going to happen. And then maybe we'll talk about why maybe a well anyway. There was. you did a ECON talk not long ago. In. which the guest made a distinction that I thought was really interesting. There been part of it depends on the the primary mode of production. If the primary mode of production is knowing how to do things helps you then it's as if you're producing forklifts. and..

Stadium Cameron Indoor Stadium Cameron Ohio Stadium Cathedral president Harvard. the sports stadium Chess Club Chile NTH Vice President Michigan Vice President Dick vitelle Sorority House football Charles Murray Brian Kaplan
NYC health chief under fire for alleged remark

Jim Bohannon

00:50 sec | 1 year ago

NYC health chief under fire for alleged remark

"There is are calls faring for okay New York city's health commissioner not so much to on resign main after street reportedly insensitive at remarks twenty about till the let's city's bring police in Jimbo officers Hannah kind the commissioner of weird watching of the NYPD Wall Street these says days nothing with unemployment is more important way than up the health the gross and domestic safety product of his officers crashing major but retailers that may not declaring be the case bankruptcy for the city's and health it looks commissioner as though Dr art Wall series Street Barbeau is just a happy who according is a to the New York could Post be told another what's going high on ranking here officer let's talk with personal I finance don't give two expert rats Terry **** savage about your cops her website during her a phone name call Terry in March savage dot denying com a request and for half Munger a million latest masters books the saying savage truth I need on them money for others carbo and the savage has yet number responded how much to money the story do you really but need police to retire unions are what calling is for Wall her dismissal Street saying that PBA we're not president Terry Pat Lynch calling one it despicable thing to and say unforgivable there are said traditional Dr Barbeau for the stock should market be forced to look to look ahead in the and eye of every and police many family on Wall Street who lost I think a hero that to the this virus we will get past and tell this them economy they are worth will re a rat's open **** and that she business should've been fired will come the moment back she uttered and those earnings words will come

Commissioner New York Officer Munger Wall PBA President Trump Terry Pat Lynch Dr Barbeau Hannah Dr Art Wall
Here’s What Warren Buffett Says About The Coronavirus And His Outlook On Stocks

Motley Fool Answers

06:57 min | 1 year ago

Here’s What Warren Buffett Says About The Coronavirus And His Outlook On Stocks

"May kicked off with one of the biggest events of the investment calendar the Berkshire Hathaway annual meeting. Hey hurrah but instead of forty thousand people flocking to Omaha. Warren Buffett sat at a table in a near Empty Auditorium. Under did either of you watch it at all. It was kind of the surreal experience. Now I saw two seconds of it. I haven't gotten around to it but it is always. It still blows my mind. That forty thousand people go to Omaha just to maybe get a chance to see Warren Buffett. That's crazy and it's crazy that he can sit up there for that long and answer question after question after question now usually also joined by Charlie. Munger this year he was not instead he was joined by Greg able able. Who is the vice chairman in charge of all operate operate instead of Insurance? But it still went on for more than four hours. Wow I more than an hour was a presentation that he gave so I listened to the entire meeting. Impasse episodes I would. I've said that sort of my personal investing philosophy is be a short-term pessimist at a long-term optimist and that sorta seems to me was the message of the whole meeting so on the pessimistic side. They're clearly not doing anything you know. They've still kept most of their one hundred thirty billion in cash. He did not use the downturn as an opportunity to go on a buying spree. He essentially he likened previous downturns to train. That is slowing down. This time. He said we took the economic train off the tracks. And I don't know of any historical parallel in the range of possibilities on the economic side are still extraordinarily wide in other words. They're still sitting pat on what they're going to do. He also said quote. We have not done anything because we don't see anything that attractive to do. Heels actually spent a good deal of time talking about some of the past challenges and failings America's history so for example. He pointed out that. Despite the fact that we have a declaration of independence that claims that all men are created equal. When you look at the three point nine million people living in the original thirteen states and seven thousand nine hundred fifteen percent were slaves pointed out that during the civil war six percent of the male population between the ages of eighteen and sixty died. The twenty twenty equivalent of that would be four million deaths according to Warren Buffett and then it took one hundred thirty one years for women to have the right to vote at another sixty one years until a woman was appointed to the Supreme Court so we often talks about the long term success of America. He did spend a good bit of time talking about some of the things that we have not done so well. He spent a particular amount of time on going over the Great Depression I think partially because he was born in the middle of the Great Depression so he pointed out. It's September nine hundred twenty nine. The Dow was at three eighty one. Five hundred didn't exist back then so he just using the Dow and then in a little more than two months it was down forty nine percent to one ninety eight. You Move Ahead to August twenty ninth nineteen thirty. Which is the day before he was born. It was backed up to two forty so and it rebounded twenty percent. People have found that like okay. Stocks went down but there. They've gone back up back then. People were thinking that they were on the verge of the Great Depression. You go ahead less than two years to July thirty two. The Dow is down to forty one so from the peak went from three eighty one to forty one a decline of eighty nine percent and the Dow did not get back to its nineteen twenty nine peak until nineteen fifty four. Wow he did point out that people got dividends at back then. Dividends were higher but still price percentage the market was down for more than twenty years so buffet called the Great Depression a testing period. That caused some people that lose faith in America. I don't know if he was playing out to say like times ahead could be tougher than we think or just pointing out that America has seen worse times but regardless he says that anyone's going to lose faith in America that's a big mistake which brings us to his persistent message of being a long-term optimistic pointed out that despite all these challenges from seventeen eighty nine until today the wealth of the of the United States has grown five thousand percent and that's adjusted for inflation. He also pointed out that since the year he graduated from college in Nineteen Forty nine at the age of nineteen one dollar in the Dow has grown to one hundred dollars. So how do people benefit from what he calls the American miracle? Well as he often does and I think it's always interesting that he does this during the Berkshire hathaway annual meeting because it's an annual meeting of people who own individual stocks. He thinks the vast majority of people should just by an S. and P. Five Hundred Index Fund and. He mentioned that's what he does. That's what he has directed his will when he passes away swimming. He predeceased. His wife. Ninety percent of that wealth will go into an SAP hundred index fund. In fact one question asked about Berkshires underperformance as a stock. It's underperformed this year as well as the last decade a something. I know personally because I've owned Berkshire for more than a decade and he was basically said. I agree that that's an issue. He said that the truth is that I recommended. Sap Five Hundred Index Fund. To most people. And I happen to believe that Berkshire is about a solid is any single investment can be in terms of earning over time. But I would bet my life on whether we beat the sap five hundred over the next ten years so as always with buffet. It comes down to betting on America for the long term. But it's clearly means the long term to be like very long-term it mentioned the timeframe twenty to thirty years a couple of times the only truly positive thing he said about shorter timeframe at least that I can remember was in response to a question about whether Berkshire expect significant significant layoffs among its workforce which at this point. It employs almost four hundred thousand people in response. He said that some businesses will have to make adjustments. See's candies closed down. Nebraska Furniture Mart. Some of their factories may have issues. It's the funniest list of companies. I'm sorry Oh it's like it's very clean seas it's like what. Why Energy facturing? Yeah it's it's everything it's all these companies that you like. Yeah I think I've I think I've heard of Kim or have it at all. It's quite amazing. But well while he expects it some there will be have to be some layoffs. He doesn't expect them to be significant in that five years from now he expects Berkshire we'll be employing considerably more people so that to me says he expects five years from now. Things will fully recover and I think that's a reasonable timeframe. I certainly expected in five years. This time period will feel like somewhat of a distant memory. I certainly hope so But it's certainly possible that over the next year or two things could turn out to be pretty rocky

Warren Buffett America Berkshire Omaha Berkshire Hathaway Empty Auditorium Vice Chairman Nebraska Furniture Mart Munger Charlie Heels KIM Supreme Court Greg United States
Mastercard Names New CEO

Squawk Pod

00:55 sec | 1 year ago

Mastercard Names New CEO

"Some breaking news just in from Mastercard. The company says that Chief Product Officer. Michael me back is going to become the new. Ceo Next January first the Currency Agyei bound is going to be transitioning to the role of executive chairman at that time. Of course we should point out during. Oj's tenure that stock has increased more than fourteen fold prior to assuming the CEO role me box going to become the president of Mastercard. And that's going to be happening on March first. All of this comes of course. Just a day after mastercard warned that its revenue could take a two to three percent. Hit this quarter because of the corona virus. Some of the things that they talked about in that released last night That concerned the markets is not only a slowdown in terms of cross-border Travel that's taking place but also cross-border e-commerce people being afraid to even buy things and have it shipped here as well. You know you know the story of the stories in amazing storage. I mean his own personal stories in amazing story. But what's happened mastercard? Over these years is an amazing

Mastercard CEO Chief Product Officer Executive Chairman OJ Michael President Trump
How to Leverage Unfair Advantages in Your Marketing

Marketing School

05:01 min | 1 year ago

How to Leverage Unfair Advantages in Your Marketing

"Welcome to another episode of Marketing School. I'm Eric Su and I'm Neil Patel and today we are going to talk about how to leverage wjr unfair advantages in your marketing. So Neil what are some examples of unfair advantages. Sure unfair advantages is like Kylie Jenner really releasing Kylie caused medics when she already has a huge following and allows her to instantly become a billionaire but close enough in which I know. That's not Overnight success that's a overnight success ten years in the making it's more so she's able to leverage her brand and grow superfast or beats by dre leveraging aging all their celebrity connections to having them where their product and then apple ends up buying him out. But the list goes on and on. And you're seeing this kind of stuff in Seo Seo email marketing you know like people getting influencers in having him on their landing page giving testimonials which helps improve conversions. But there's a lot of ways that you can have have a unfair advantage over your competition. Yeah my opinion is if artists start all over today doing a business. I think it's most important to build an audience. I you know if I were starting. I'll all say look I gotTa Take Care of survival so maybe I might be working fulltime for a while so I gotTa Take Care of you know my my bill's GonNa take care of my food and everything like food and drink but once I got to think about okay how can I start building. My brand and example of this would be when I think about Jake and Logan Paul. They built their brand off off of vine. Initially and now they're superstars not only on they. They have like a huge volume. They have a huge instagram volunteers. All over the place so I think fundamentally you build the audience. I and that's how you build your unfair advantage and to Neil's point once you get your unfair advantage going. You're going to have a group of people that you can serve your audience and you figure out what they need and you can build around that where we can buy around that. But the unfair advantage is Warren Buffet and Charlie Munger always talk about the moat. I think when you look at Coca Cola is an example. Their brand is there moat right. That's what makes him such a good company yet and Eric's really spot on like a prime example of this is what with Uber suggests now Has Grown. I'm not saying it's the best APP or anything out there but the reason is also grown so fast because I had a huge brandon had such a large traffic traffic in the marketing SEO space. I probably in the digital marketing specifically space performance marketing. I probably have more traffic fake than anyone else. When you combine social and web like blogs podcasts all that kind of stuff yes there are Gary v's who have a huge audience but He's not necessarily in the performance marketing space. But when I did that and I ended up. Releasing Uber suggests I'm getting more monthly sign ups shorts free but but I'm still getting more monthly free sign ups than any of my competitors are even if they have a free version like sem rush. I'm still being an. I'm doing that without paying for ads. But it's because I built up millions and millions of visitors and followers over the years. The question than Neil is people are thinking okay. Look we're starting out right now. How do we build an unfair advantage? In how long did it take you to build your unfair advantage. You think like to get it to start to take off. It takes three plus years ears. You know I said it takes three years to do anything decency traction. You should see results within the first six months but really three years for anything to truly start taking off. It doesn't mean you'll get to where you want in three years. It just means us when it really starts taking off and what you'll find is the web already saturated. Yeah you already know yet to go Omni Channel. We've talked talked about this. But if I were you and your unfair advantage start off with the channels at your competitors. Aren't leveraging you know a lot of them aren't leveraging social platforms like tick tock yet and you you may say it's not a right fit for my audience that's fine. You'll also find that Lincoln's been around for a long time but very few. Your competitors are posting on there on a daily basis this or going live on Lincoln even though they have that feature and gets tons and tons of reach yet very little to no people are using that feature online. Did Yeah Awesome but also from my side is as I see that things are things from personal side. When I look at the twitter that I had in the past and my other channels I really wasn't touching it that much and I was kind of leading people? My team manage it but once I started to manage it. The engagement rates shot up. Because it's actually me talking and it's stuff stuff that I mean I post stuff that makes my blood boil right and I test different things. So keeping here is if you're building as your unfair advantage is starting to build. It's starting to snowball all you have to think about how you can also try to deals point earlier go a little Omni. Chen diversify a little bit and let the snowball continued to build. It seems like you might be losing focus there. But which if you had the same focus message across. Those shouldn't take you that long to repurpose it. And you see everyone starting to repurpose now. So everyone's doing it. Then you are not going to have advantage if you don't do it right so think about that as well

Neil Patel Eric Su Kylie Jenner Marketing School Lincoln Coca Cola Apple Instagram Gary V Warren Buffet Omni Channel Omni Twitter Charlie Munger Brandon Jake Logan Paul
Inside Shenzhen Digital Economy With Johan Nylander

Digital Business Models

07:20 min | 1 year ago

Inside Shenzhen Digital Economy With Johan Nylander

"For today's session we are here on Nylander which China Correspondent Award winning author of Shenzhen a so great reading and join these joining us from on Congress to the end. It's pleasure to have you with us. Thank you so much for inviting. It's great to be on the show yeah absolutely and the of course a was an amazing greeting. Anyone strength understand what's happening right now. I think in China and why he's going to be so important for the global economy. I think it's a it's a master read. Let's that from your wardrobe to was what was actually because you you stopped. It boggles on on that. When you know we wouldn't have yet the superstars that we have today yeah well. I can explain why became suppressant in the city of when I moved with my family to Oklahoma eight years ago back then remember my new friend. Sid used to warn us about transcendent. Don't go there. It's dirty. It's a joke to pollute effects with tons dangerous. You Trust the border and steal your kidney lung cancer and I thought wow sounds ons exciting so assaulted tramping there on the North End. I realized that my friends among the it it will grow about the city but not real exciting things happening. They're just way more defend looks like when people in Hong Kong realized and and especially when it came to the text off times over the years and more more regularly when a student stories stories for international ups the technology seen in China under off to avail license. Mike is suited the epicenter of the world into specially hardware and integration between Audrey of all. I have to talk order about this are up. It's simple yet inches. Of course let's let's stretch it from from the end and I'm gonNA. I'M GONNA ask soccer creepy but he's with him and he's a Silicon Valley in travel now the Shenton he's a he's really becoming also important is actually be important that I would not say that supervise think if indicates sex developments of hardware-software associate more like older boats arresting that really clever people in Chanson really ten Aviv Tokyo of what I see that everybody's everybody's gaining from Mall grits slugger action then the second touch that's CPR abundant how some no tremendous advantages. They're really really really for the software software development. Is this development branding getting close strengthen chest send us is from sexually talk back and and I think when the grinches happening to takes this violent emergence with string stuff I'll translate them in the it off so I think both of them and if it's leverage yup absolutely and of course if a few get to the softer tower of this illegal violin I guess combining the hardware our of Johnson and the release of what you call the faster further diving. I think it can be rea- very our for combination but Shenton so far as being really about the hardware but them you'll see expected to logos the more and more in software at Breda network yet. I mean as we said a transcendent south China is famous for hardware comes from both sexual wrote that Munger factoring but then you have confidence that ten cents tencent is as no the world's biggest Jamie It's also the company behind as we shocked at a we shut off this you could say it's the apple APPS. It's one of the most interesting into companies the want right now and that's a hundred percent sub-strategic sues so you also have a trend in software wonder and a newborn expecting softer products coming up a show for America. Yep and in your experience as you've been covering quite some time Shinsen a wendy the the rise of of what we're reading things that make it up in some way you mean window You mean just sixty yeah more like Shinsen is a sea by also courses Benami like that something eh like an article was eastern yeah so the the story by the city's tremendously facet is also screwing. I mean the store's been told until the end forty two years ago it was it was nothing barry except from rice fee small fishing bitches today is up to twenty million people in some of the biggest technology companies on the parents. I don't happen because chance and was the first the first region but you could do to trade free more free in China was the first academic the experiments and it really kicks. I will factories and now eventually oh you stop jumps companies and it has been a gradual gradual. WanNa find interesting to to keep them. It's it's not that it's you know went through a stage and now it's a total of sanctions and keep on developing keeping in terms of economic stability exte- long eight percents a even more interesting the how how the comes casare becoming be new species

South China North End Jamie It Shenton Mike SID Oklahoma Shenzhen Congress Shinsen Hong Kong Barry America Johnson Audrey Tencent Breda Network
U.S. sending 1,000 more troops to Middle East amid Iran tensions

Bloomberg Daybreak

00:43 sec | 2 years ago

U.S. sending 1,000 more troops to Middle East amid Iran tensions

"You, sir. The Pentagon plans to send about one thousand more troops to the Middle East as tensions rise between the US and Ron acting Defense Secretary, Patrick Shanahan, however, did not say where the additional troops will be deployed President Trump seemed to downplay the reason tanker attacks blamed on a Ron in an interview with time magazine the president says, so far it's been very Munger. Meanwhile, State Department spokesperson Morgan Ortega's says, Iran is looking to expand its nuclear program in an effort to force the US to repeal sanctions. We continue to call on the Iranian regime, not to pain nuclear weapon to abide by their commitments to be international community. The US has accused Iran of nuclear

United States President Trump RON Iran Patrick Shanahan Middle East Pentagon Morgan Ortega Time Magazine Munger State Department
Texas teacher fired after posting illegal immigration rant to Twitter

Garret Lewis

02:25 min | 2 years ago

Texas teacher fired after posting illegal immigration rant to Twitter

"There was a story about a teacher in Texas. And, and she was fired. She was fired because she tweeted about asking President Trump to help move illegal immigrants from her school. It's kind of crazy kind of crazy. So they fired her and you compare this to the wacko tweets from that government high school teacher. The government teacher at Ironwood ridge high school. She tweet out some pretty nasty stuff. She tweeted out something, I saw the other day. She's still doing it. So, apparently the principal there who is a complete waste of space this, what's his name, met, Munger? And then the superintendent of schools, whatever his name is an fi not doing anything. I mean, she's tweeting out hashtag things. Hashtag capitalism is the problem. It's great. Fort Worth ISD school. Board voted unanimously eight zero to fire this tweeter. This teacher, Georgia Clark is her name. Now. What's weird is that her tensions were well. But I'll never forget when my grandmother was alive. My nanny, she would put on Facebook Oprah. I really enjoyed your Chaudhary like she thought she was talking to Oprah. This woman actually thought she was talking to someone from the Trump administration. Bottom line, though, is, there's a huge number of illegals, according to this lady at her school in Fort Worth, and the school district there. Okay. She also there's drugs there. So she tweeted out a bunch of things, including Mr President. She tweeted at real Donald Trump, which is this Twitter, Mr President asked for assistance in reporting illegal immigrants, any Fort Worth independent school district public school system. And what I received was an alarming tweet from someone identifying himself as one of your systems, followed by a second tweet from the same person. Mr President, Fort Worth independent school district is loaded with illegal immigrants or illegal students from Mexico quarter riverside, high school has been taken over by them drug dealers on our campus and nothing was done to them when the drug dogs found the evidence. And they fired her. They fired her. She's trying to bring attention to a problem. I mean how many teachers get away with other horrific things. We know many stories.

School Teacher Mr President Fort Worth Isd School Ironwood Ridge High School Fort Worth Donald Trump Trump Administration President Trump Texas Facebook Munger Superintendent Chaudhary Principal Twitter Georgia Clark Mexico
Tiffany Shares Rise and Fall as Tourism Spending Declines

MarketFoolery

03:28 min | 2 years ago

Tiffany Shares Rise and Fall as Tourism Spending Declines

"We got weird stuff happening in the market today. Sure. Do I'm glad you you're going to explain what's actually happening with the various earnings that we have. I'm going to. We'll get to some retail get some cloud stores. Let's start with Tiffany. Shares of Tiffany are up five percent this morning and I really am not sure why their first quarter revenue was load their same store. Sales were negative five percent. That was basically three times as bad as analysts thought it was going to be why is this stock up? I think they must've said something in the conference, call that is not completely contained in the earnings report. And that's often the case because the numbers are not that good. And it's not as if there was some out expected, it, it's a company that's growing it sort of, you know, the rate of growth of the global economy, more or less. I think the initial pre market reaction was quite negative and was based in part on part of the quote that is early on in the report, which. Talks about a drop off a dramatically lower worldwide spending attributed to foreign tourists. Okay. So that dramatically lower or too bad words to put together in report, if you're in the business of selling anything, yes, but if you're explaining away something, and then in the conference call, you say something like oh, yeah. You know, the quarter ended at the end of April, and by the way, may looks really good, right? Yeah. I like that reversed itself. I don't know that that's the explanation there. But there was something to that, that, that, whatever the quarterly numbers were which if they stood on their own, you would sell and the market was selling pre market. There's a another part of the story, and at it's better than what is contained at the end of April. This is one of those stocks that at various points in time. Tiffany has been a great stock to own. But you look over the long term there, if, if your mindset when it comes to stocks is I'm looking to buy great business. It's the Charlie Munger lied and looking at by great businesses and sit on my, but I don't know that Tiffany certainly in the recent past has been one of those businesses. It's, it's basically Ben flat for about five years. Yeah, you should have gotten off your butt in about nineteen ninety nine I would say, because that's when the real surge in the price. It went up about four x from ninety eight ninety nine went from about a ten dollar stock to a forty dollar stock. And now it's ninety dollars stock and you've gotten some dividends in there. But twenty years, where it has done a little bit better than double is obviously trailing the market, and there are some peaks and valleys, where you could have time something over short period. Of time if you got into this stock like many others at the bottom in two thousand and nine you're happy. You're happy if you'd bought the other thing that you would bought at the very bottom of two thousand nine as well. And as you point out the last five years have been, you know, one step forward, one step back and not really a compounding effect if you'd gotten out oh about a year ago today. It'd be pretty happy.

Tiffany Charlie Munger Five Percent Five Years Ninety Dollars Forty Dollar Twenty Years Ten Dollar
Coca Cola, Warren Buffett And Charlie Munger discussed on Brett Winterble

Brett Winterble

02:54 min | 2 years ago

Coca Cola, Warren Buffett And Charlie Munger discussed on Brett Winterble

"Weekend in Omaha Nebraska is the annual Berkshire Hathaway shareholders meeting and Charlie Munger and Warren Buffett were making their ways around talk at a variety of folks, Warren Buffett, he's a Jain Norma's democrat. I know I know so Charlie monger, I don't care about that. But I talking about the politics of the business of this. He also loves Coca Cola. He drinks about five cans of coca day, Warren Buffett. All right. His company is the largest shareholder of Coca Cola with a ten percent stake worth nineteen and a half billion dollars. So when he's talking about Coca Cola, and he's making comments about Coca Cola. He's making comments about Coca Cola and the management of Coca Cola is paying close attention because he's a big customer. He's big shareholder. So they asked him FOX businesses Liz, claiming said to Warren Buffett, what do you think about the idea that Coca Cola is thinking about diversifying into cannabis products? Either a CD concoction THC concoctions any of that sort of stuff. What do you think about Coca Cola getting involved in the marijuana business? They said it would be bad news Munger and Buffett said it would be bad news for the brand that the brand has a wholesome image. And that it would be detrimental sheep. She pushed a little further. He he didn't indicate that he would sell Coca Cola. He wouldn't dump his his his stake in Coca Cola. But he did say to Liz claiming I think everybody who knows what Coca Cola is. It has one hundred percent brand recognition around the world and all two hundred countries or whatever it is. Everybody knows what a Coca Cola is what coke is. It would it would be deleterious to that. Now all this goes back to the September report that coke had its eye on entering the cannabis space after constellation brands and Molson Coors announced their own investments in that industry. Then a month later Coca Cola dismissed it. They said they were not in talks or they were thinking about getting in talks with Aurora cannabis to produce a CBD infused beverage executives Coca-Cola said the company does not plan on getting into that space. Coca-cola could be missing out on a huge opportunity, by the way because that market in the US alone is expected to explode from one billion to sixteen billion in the next six years the market for for cannabis. It's already rapidly expanding. So that's an interesting question and an interesting dilemma. Bear in mind. Charlie Munger ninety five years old and Buffet's not that far behind him. These are these are not spring chickens, and they grew up at a time when when the grass was the grass was in what you

Coca Cola Warren Buffett Charlie Munger Cannabis Charlie Monger Coke LIZ Berkshire Hathaway Omaha Nebraska Jain Norma Molson Coors Constellation Brands Buffet United States Marijuana FOX One Hundred Percent Ninety Five Years Billion Dollars
"munger" Discussed on The Blog of Author Tim Ferriss

The Blog of Author Tim Ferriss

04:17 min | 2 years ago

"munger" Discussed on The Blog of Author Tim Ferriss

"They give you access to advertisement cetera to a whole bunch of other benefits based off of that you classified those other sites as distractions. It sounds -ly and. Warren Buffett Charlie Munger, big aisles of ours and Warren Buffett mentions one of his concepts remove in in distractions and focus is there are twenty things you want to do right now we really burning to do safe Russ that was expanding to other channels like WalMart. But you have to scrap them all and focus on the one thing that ultimately will push you forward. And real distractions are things dying to do. So we apply that in our case and kept on focusing on Amazon. I think that was crucial one of you rain. The other end one of you better at narrowing the focus or do you both do that for each other? It's both for each other. And I think there's a lot of value in a partnership in particularly that point because one can easily lose tracking and get distracted oneself. But having. A second. Pair of eyes is definitely where two plus two is wake greater than fall in that sense. You mentioned you guys have mentioned before we start recording. And also now Warren Buffett and Munger. Why are aside from? Yes, they're very successful investors. That's that's great. And they're certainly among the best the world has ever seen. But beyond that, or maybe in addition to that like, why are these two so interesting to you guys? And when you say, we idolize them, that's great. But does that mean, you study them, and if you study them, how do you study them? That's a good question. We what we admire the most of them is the ability to or the constant pursuit of truth and rationality is how do we how do we really understand the reality and keep emotion irrationality out of it as much as possible even admit there's no such thing as perfection in that. But they're always striving to do that. So the most the most studying we do is both on they have to say, I think our our favorite on one of my favorite pieces of Charlie Munger, speech and Harvard. I think nineteen you can look it up on YouTube. Charlie Munger, Harvard, just look up, Charlie Munger commencement. I think it's also in Portuguese almanac. In the newer additions. What they have to say pretty much any insight into their lives, and they're usually pretty private this, plenty of content out there for free that you can you can you can see, but it's that pursuit of being rational state onto earth and keeping emotions out of things that help has helped us both in and personal lives and our relationship as SCO founders as in our -bility to dissect the business and focus on the few things that actually move the needle, Ben what about you? And it relates to the that dynamic duo are there any resources that you'd recommend or porch? Ali's almanac is definitely there. I think there's another book from Darwin to Munger Peter Bevan seeking wisdom. I think is the title from Darwin among or among a deduction is also really good collection. Then the speeches on YouTube. I think. Munger has one at UC, commencement speech. Which is very valuable. I also would recommend a folks who may not explicitly have an interest in what you think of is investing, which is picking stocks. Let's just stay to read the annual letters to Berkshire Hathaway shareholders by buffet. There are collections of these letters, and it will help you to hone or at the very least test your own thinking. So that you become clear or more clear.

Warren Buffett Charlie Munger Charlie Munger Warren Buffett YouTube Harvard Berkshire Hathaway WalMart Russ Amazon Ali Peter Bevan SCO Ben
"munger" Discussed on The Tim Ferriss Show

The Tim Ferriss Show

04:17 min | 2 years ago

"munger" Discussed on The Tim Ferriss Show

"They give you access to advertisement cetera to a whole bunch of other benefits based off of that you classified those other sites as distractions. It sounds -ly and. Warren Buffett Charlie Munger, big aisles of ours and Warren Buffett mentions one of his concepts remove in in distractions and focus is there are twenty things you want to do right now we really burning to do safe Russ that was expanding to other channels like WalMart. But you have to scrap them all and focus on the one thing that ultimately will push you forward. And real distractions are things dying to do. So we apply that in our case and kept on focusing on Amazon. I think that was crucial one of you rain. The other end one of you better at narrowing the focus or do you both do that for each other? It's both for each other. And I think there's a lot of value in a partnership in particularly that point because one can easily lose tracking and get distracted oneself. But having. A second. Pair of eyes is definitely where two plus two is wake greater than fall in that sense. You mentioned you guys have mentioned before we start recording. And also now Warren Buffett and Munger. Why are aside from? Yes, they're very successful investors. That's that's great. And they're certainly among the best the world has ever seen. But beyond that, or maybe in addition to that like, why are these two so interesting to you guys? And when you say, we idolize them, that's great. But does that mean, you study them, and if you study them, how do you study them? That's a good question. We what we admire the most of them is the ability to or the constant pursuit of truth and rationality is how do we how do we really understand the reality and keep emotion irrationality out of it as much as possible even admit there's no such thing as perfection in that. But they're always striving to do that. So the most the most studying we do is both on they have to say, I think our our favorite on one of my favorite pieces of Charlie Munger, speech and Harvard. I think nineteen you can look it up on YouTube. Charlie Munger, Harvard, just look up, Charlie Munger commencement. I think it's also in Portuguese almanac. In the newer additions. What they have to say pretty much any insight into their lives, and they're usually pretty private this, plenty of content out there for free that you can you can you can see, but it's that pursuit of being rational state onto earth and keeping emotions out of things that help has helped us both in and personal lives and our relationship as SCO founders as in our -bility to dissect the business and focus on the few things that actually move the needle, Ben what about you? And it relates to the that dynamic duo are there any resources that you'd recommend or porch? Ali's almanac is definitely there. I think there's another book from Darwin to Munger Peter Bevan seeking wisdom. I think is the title from Darwin among or among a deduction is also really good collection. Then the speeches on YouTube. I think. Munger has one at UC, commencement speech. Which is very valuable. I also would recommend a folks who may not explicitly have an interest in what you think of is investing, which is picking stocks. Let's just stay to read the annual letters to Berkshire Hathaway shareholders by buffet. There are collections of these letters, and it will help you to hone or at the very least test your own thinking. So that you become clear or more clear.

Warren Buffett Charlie Munger Charlie Munger Warren Buffett YouTube Harvard Berkshire Hathaway WalMart Russ Amazon Ali Peter Bevan SCO Ben
"munger" Discussed on Business & Biceps

Business & Biceps

03:25 min | 2 years ago

"munger" Discussed on Business & Biceps

"And I got first introduced were only stasis right? And if I'm correct, you know, so those guys who may be a little smarter believe homeo- stasis is like somebody being conditioned something is like a certain way a certain thing that's their normal. And I was talking to a guy, and he was he was involved in church. He was like, you know, you got to get people out of which normal to them, you know, saying and solving problems as you were talking to a pretty good job of always looking to the solution. And I think I've condition myself over over the years just as much us talking about Rachel she's condition. I don't know. Sometimes you may have conditions. You say, hey this. This thing isn't going to go. Right. But that's a great parallel. You know? I think like when you're in those spaces. Reading from Charlie Munger, Charlie Munger, which is Warren Buffett's partner. He has his book is called the almanac of Charlier hotrod is it was it was like parallel to been Franklin's almanac ripe, and he was talking about that when you really in a groove. What life you start to connect everything he says, the the further you are away from life everything looks like random events, and we start talking a star. You know, you connecting your body and now operating in a spiritual space in place on a Noah basis how everything is connected to each other. Any any always said like you said it brought that to my mind, but. I guess just evolving spirit. You know, we we start talking about this. I don't know. Why thing spirit? You know what I'm saying? To me. I'm sorry. No to me that that's kind of the point of it is it's very spiritual to me because this was obviously birth from my mother who got half the lung out. But as I'm talking to her she's I'm asking her how she's doing physically physically, physically physically, and she's the psych physically. I don't need this part of my lung. Okay. I can't breathe like I used to. But my body's going to adapt. What what we need to talk about is emotionally because I need that same kind of adapting up here that is taking place down here. So when people ask me how my doing physically that's gonna handle itself is up here that needs help. Is as in for spiritual. You mother to say it in a spiritual way to receive it. It goes back to saying people will receive things in which the spirit that they're sent out. That's why we in fake shit out. That's why just get away from me should his fate. I think that's the irritation behind even with people. Lots of people. I think that's irritates me. It's not real. You know, I think that's why I think that's the frustration with the internet as much as I love it. You know, saying I think the things become frustrating. But I don't know what one point though, I wanna before we wrap it up as you talked about as things are not random events and the more you get out. And with all these things they all connect connect. They make sense that random things they're coming at you for reason, good, better indifferent. And you should be able to connect him. Yes. Interesting. Thanks for the feedback. Guys was good. I think some good stuff. Let's let's make our way let's make our way to Cory Gregory timely zoom it in on that face. It's motivation time brought to you by the nicest smile eest.

Franklin Charlie Munger Rachel Warren Buffett Cory Gregory Charlier Noah partner
"munger" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

03:05 min | 3 years ago

"munger" Discussed on Invested: The Rule #1 Podcast

"Just super cheap businesses and the by two hundred because they don't know which ones are gonna fail. Whereas buffeted Munger by six businesses or eight, you know, and they. They're very certain. They're very, what's? What's what's almost certain, but not quite there should be a word for that warrant says certain with nine, but I can't. I cannot say that doesn't want to let you say that that's for sure. But here's a quote from buffet, basically more or less a quote that says, if you buy a wonderful business at a at a fair price, you are certain to make money. He said it's no different than Vajna ten dollar Bill for five dollars. You're going to make money. You're going to be able to turn it into that ten dollars at some point. And this is what Manila's sane in this article is that these companies that he's buying are so cheap relative to their value. He makes the point that he's buying FIA Chrysler back six years ago. That they were projecting to be at five dollars a share by two thousand eighteen right this. This is their projection was going to be at at at five dollars a share for earnings and the stock was five dollars. He said, if you can buy a company at one times earnings of the future earnings, you're doing pretty good. You know you're probably going to be okay. And is that make sense to you? I've seen you kinda rolling eyeballs here. Maybe the words got mixed up because I think what you are trying to say is that the company's earnings were five dollars a share, right? What I say, I don't know. I don't know what you actually said. But what I heard was that their stock prices, five dollars a share at the time and that they were projecting that their stock price would be five dollars per share in twenty eighteen. Oh, I misspoke. I don't know if you did, but that's what I heard. So what you're saying is there's a difference between stock price and earnings per share and their earnings per share. Was projected to be five dollars into eighteen. Projected to be five dollars, right? So Sergio Marconi who's the CEO was saying, we're going to be at five dollars per share earnings in five years or four years or whatever it was. And and what Mona saying is that if he could buy that stock for five dollars per share when four or five years from now is going to be selling, it was going to be selling for some price ex, and it would have earnings per share. It was almost certainly to have a multiple of more than one. Right. And if it had a multiple of two, it would mean that Menashe would double his money in five years. Got it. I'm mobile too, but it's much more likely to have a multiple of fourteen or sixteen. Right. So can you imagine how well you do if in fact it turned out to have a multiple of fourteen or sixteen five years later with five dollars of earnings, you'd make a huge amount of money. And that's exactly what happened..

Munger FIA Chrysler Manila buffet Sergio Marconi Menashe CEO Mona five dollars five years sixteen five years ten dollars four years ten dollar six years
"munger" Discussed on The Tim Ferriss Show

The Tim Ferriss Show

01:31 min | 3 years ago

"munger" Discussed on The Tim Ferriss Show

"So Booker view would would be really garrisoning, but I'll tell you. I love Charlie Munger in Warren Buffett, as the. I wouldn't love about those two guys. And of course, this book is not written by them, but it sort of the spirit of it, which is this very clear direct noble shit way of writing this very sort of simple folksy nece that you know what life really necessarily. I mean, I know this is a broad generalizations, but in most cases it's not that complicated. We tend to make things very complicated. We tend to make things very harder selves, but really there's some basic fundamentals of many things that if you kind understand knows you're pretty good shape and you don't need to go much further than that, and I love that kind of wisdom. I love old people general horn, buffing Charlie Munger mongers in his nineties now and buffets in his eighties, but they've always had this kind of wisdom, which is this old stool almost farmer's almanac, style wisdom. And I've always been attracted to that because I think complexity is also become a sport where it's like the more complicated something. Is the better you know, the better you think you are at it. Like if you make it more complicated, you're better at it or something. And I just think it's kind of the opposite. So I love those guys in that book to me have highlighted a lot of that kind of thinking. And so anything that mongers written, I love reading Warren Buffett's letter to shareholders, which I think is a is a must read for anybody hundred percent agree it yet..

Charlie Munger Warren Buffett Booker hundred percent
"munger" Discussed on The Blog of Author Tim Ferriss

The Blog of Author Tim Ferriss

01:31 min | 3 years ago

"munger" Discussed on The Blog of Author Tim Ferriss

"So Booker view would would be really garrisoning, but I'll tell you. I love Charlie Munger in Warren Buffett, as the. I wouldn't love about those two guys. And of course, this book is not written by them, but it sort of the spirit of it, which is this very clear direct noble shit way of writing this very sort of simple folksy nece that you know what life really necessarily. I mean, I know this is a broad generalizations, but in most cases it's not that complicated. We tend to make things very complicated. We tend to make things very harder selves, but really there's some basic fundamentals of many things that if you kind understand knows you're pretty good shape and you don't need to go much further than that, and I love that kind of wisdom. I love old people general horn, buffing Charlie Munger mongers in his nineties now and buffets in his eighties, but they've always had this kind of wisdom, which is this old stool almost farmer's almanac, style wisdom. And I've always been attracted to that because I think complexity is also become a sport where it's like the more complicated something. Is the better you know, the better you think you are at it. Like if you make it more complicated, you're better at it or something. And I just think it's kind of the opposite. So I love those guys in that book to me have highlighted a lot of that kind of thinking. And so anything that mongers written, I love reading Warren Buffett's letter to shareholders, which I think is a is a must read for anybody hundred percent agree it yet..

Charlie Munger Warren Buffett Booker hundred percent
"munger" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:09 min | 3 years ago

"munger" Discussed on We Study Billionaires - The Investors Podcast

"Has that opinion but for anybody that follows him really closely you kind of know exactly the direction he was gonna probably take the answer on that one i don't think i've gone to a meeting where someone didn't ask for that kind of like buffets response to that because he said that there is a self selection what frustrates some of the shareholders is that they just see that cast position on the balance sheet is just just growing growing growing then they're like we understand why you can pay out a recurring dividend by why can't you do a special dividend say of fifty billion i think that's what people are considering and so when we talk about a special dividend it's typically is a one time thing so it might be a company that has a huge one time gain in something say that the of division that god all in cash the can on the casting a good way and might do it as a call a special dividend and as you can hear like from the name it's not as common as like a recurring dividend say that you would get a dollar every oro it was actually also nice to hear why he said that even if we ask shareholders what do you prefer oh by the way we actually did that and this at forty seven to one and this was not asia hold us or wasn't off it wasn't a munger there was like you and me us be able to afford these stock and this at people voted no in terms of four to seven to one and basically then what manga was getting at in terms of why was it good at is the track record shows that they are better at investing that most retail investors which is also why you invest in berkshire in the first place in a lot of cases because you know that they can come up better but you overtime now this is definitely not my way of saying that it's never good to own stock that pays a dividend i think that for many different stocks it makes a lot of sense to pay a dividend press not talked about gas promise and for stock like that you know it's rush on stock the might be censored jeez there it seemed to us at the time on the value and has performed well sense and you.

asia munger
"munger" Discussed on Pat Gray Unleashed

Pat Gray Unleashed

02:20 min | 3 years ago

"munger" Discussed on Pat Gray Unleashed

"Lindsey graham your colleague he wants an authorization for the use of military force in case the talks failed you think president trump has taken the military option off the table and would you vote for such an authorization for the use of military force absolutely not linsey graham is is a danger to the country by even proposing ideas like authorizing or with my goodness so that should be something that is seen as naive and seen as something that really serious people shouldn't even be discussing you're calling a fellow republican senator danger to the country on watching to elaborate well if you've watched over time i think what you've seen from lindsey graham is basically a a not naive world view where he believes that war is always the answer and that also means that expenditures for war always the answer and so i think that's bankrupting us as a country but it's also gotten involved in dozens and dozens of war where it's not really clear what the american interest is in those wars and i think sometimes the reaction to our involvement in those wars is actually been worse than had we not been involved at all hard to disagree with that love it yeah hard to disagree with i love both now lindsey graham munger is basically what yeah yeah and i know he has a lot of fans in this room yeah well not a lot but yet one hardcore fan see now no in former studio south carolina people somebody who's doing a show their had lindsey graham that bumper sticker up on the wall my god that's so much loved him so we're going to do here that's so much disparaged myself because on throwback thursday last week on twitter and then i guess it was put up on instagram facebook there's me the old wsc hello charleston south carolina and right right behind you you see the lizzy grams took everyone's calling me out lindsey graham really keith you like lindsey graham no folks it was never a time when i like lindsey graham oh look let's zoom in i had written on that bumper sticker stop lindsey graham so put that in your pipe set the record straight i don't know if you know this.

Lindsey graham trump twitter south carolina president linsey graham senator lindsey graham munger instagram
"munger" Discussed on 850 WFTL

850 WFTL

02:08 min | 3 years ago

"munger" Discussed on 850 WFTL

"The same neighborhood very long we were always moving on up to these well actually we moved on up from manhattan to the riverdale and and they knew that there was opportunity you just had to work hard and i grew up believing that they they told me i was going to do better than they did when i wanted to go to the high school of performing arts high school of music and arts they said no you go to the high school bronx high school of science because you'll get the kind of education that will prepare you for college and then you'll be able to go get an a degree and maybe more than one degree little did they know would go on to get many degrees but they promised me that i do better than they did and they were right and i make that same promise to my children as unlikely as it seemed and they did do better than me i mean when when you get right down to it you know on very proud of what my children have accomplished you know one is a neuro sokaiya tryst the other is high powered attorney who by the way used to handle munger tolls and olson's charlie munger being warren buffett's partnership my my son started his career divesting companies for warren buffett so who who who who can draw a line from the the birth in a sugarcane field in nineteen twenty one to where my my kids find themselves today anywhere outside of america you can't it's really very unlikely could happen but very unlikely because in most other countries you're either born into wealth and and and status or you will never have it it's here where because you can get a a brown ball through a hoop you can become a multimillionaire billionaire it's here you could tell me what the professional athletes make another countries with very rare exceptions they don't make.

manhattan olson charlie munger america high school bronx high school attorney warren buffett one degree
Freakonomics for parenting: Selfish reasons to have more kids

Invest Like the Best

02:01 min | 3 years ago

Freakonomics for parenting: Selfish reasons to have more kids

"Charlie munger nerd i'd like him a lot i'm not afraid to say it i like him in part because he's pithy and he's pithy in ways i'm not because i'm too long winded he'll say you want to be a good partner deserve your partner try do it i don't meet them halfway meet them more than halfway and be deserving of someone good and it will probably happen i think that's reasonable you know sort of golden rule spun another way but it's like reasonable advice of the idea you had of picking your kids traits in your spouse i did mention that i was really influenced by this book that i recommend people sometimes called selfish reasons to have more kids so the joke the joke in our house is i wanted to kids them my wife wanted three and we come from four which is about right but one of the pieces of this book is book is kind of freakonomics for parenting freakonomics for kids is one way you can think about it and this guy did a bunch of twins looked at a bunch of twin studies all all you could get his hands on almost eight hundred twin studies and tried to find what was prove ably differentiated about parenting by finding twins that were raised by different families and so of course this is kind of call it the middle eighty percent of the distribution nothing crazy on either end some abusive silly awful situation in what he found is two things so you might get these right one of the provable things over time that you could find is the religion your children chose when they were adults the box they checked some level that makes sense you don't grow up jewish in one day become muslim very often and so not make sense and then secondly is when i mentioned childhood you what's the soundtrack in your head is it metal or alibis and so the environment your parents created and your house might influence that a lot of like what's your own highlight reel of your childhood and how you think about that and they're like everything else is a mixture of your parents your parents and so in that sense one of the conclusions out of that is if you won't particular tenure children choose them in your spouse and i definitely think that in our house so we have our oldest son is great and when he was a.

Charlie Munger Partner Eighty Percent One Day
Clark Park, Nasa and Jim Roope discussed on The Paul W. Smith Show

The Paul W. Smith Show

01:21 min | 3 years ago

Clark Park, Nasa and Jim Roope discussed on The Paul W. Smith Show

"Parade that'll be noon tomorrow what patent park more than fifty organizations and businesses will take part in that very colorful and fun event after that they'll be a big festival at clark park entertainment live music and such lots of food at clark park and that will take place tomorrow and sunday nasa is set to lift off for a first of its kind mission to mars here's jim roope i this is the first as far as drilling into mars going under the surface of iraqi planet says insight michigan engineer ravi prakash to understand how lucky planets like earth formed and it's the first time an interplanetary mission will be launched from the west coast and it's not because it's a shorter flight to mars from l a i actually asked that question and he reminded me mars is one hundred fifty million miles away going out of the west coast versus east coast is concerned is negligible yeah you know i i realized how stupid that question was the moment launches schedule some time between four and six am saturday jim roope los angeles and this is the big weekend for warren buffett and all of his followers lot of stockholders berkshire berkshirehathaway will hold his annual stockholder meeting this weekend that's all maha the meeting is the opportunity for warren buffett the oracle himself and his right hand man charlie munger to comment on the many investments they have they'll praise or even criticize the companies that they have that wraps up this.

Clark Park Nasa Jim Roope Ravi Prakash Warren Buffett Engineer Los Angeles Berkshire Berkshirehathaway Charlie Munger
"munger" Discussed on Double Toasted

Double Toasted

01:48 min | 3 years ago

"munger" Discussed on Double Toasted

"The whole thing with him i was saying look understand i was kind of joking when i said you know dentals is right i'm joking i'm a millennial whatever not jobs socialism that is fun random i'm fine yeah what got his point i'd really i'm not gonna i got his point because he was ruthless yet he was always reasonable you know he was never somebody he he if you look at all the other villains that are out there right now you have kill munger who is someone that's driven by rage in vengeance in motions yeah everybody is like man kill mongers right he he made to personal no he made it very personal point where you know he was he was not thinking about things carefully standards that's the thing yeah if he had been calmer and more reasonable about it you know he could've succeeded yeah yeah and low key loki will like i said look is an asshole lows look he was getting driven by powerless ingredients mischief no he's god of asshole mischief had asshole thing about marvel this whole thing but marvel has of villain problem of what's his helmet zemo i mean i i liked his motivation to a vengeance killed my family right so i'm ted tear them apart he's somebody that never even met the binges at tore them up you know more what has done a great job if all y'all say villain problem marvis done a great job and only making deep complicated villains but making you feel for them.

munger
"munger" Discussed on EconTalk

EconTalk

01:53 min | 3 years ago

"munger" Discussed on EconTalk

"Welcome to econ talk part of the library of economics and liberty i'm your host russ roberts of stanford university's hoover institution our website is econ talk dot org or you can subscribe comment on this podcast and find links and other information related to today's conversation also find archives we listened to every episode we've ever done going back to two thousand six or email addresses mail contact dot org we'd love to hear for today is march sixth twenty eighteen and my guest is michael munger of duke university this is his thirty fourth appearance on econ talk he was last here in october of twenty seventeen talking about permission list's innovation mike welcome back it's a pleasure to be on e konta our topic for today is traffic or more accurately perhaps traffic congestion prompted by recent article you wrote for learn liberty website that will link to and are jumping off point is the idea that some people have proposed that uber another ridesharing company should have to pay congestion fee in cities like newark arguing the drivers spend time cruising around looking for riders and that so's everyone else down this is what a condom is call a negative externally in the argument is by imposing tax hoover drivers lift and its drivers federal drive a less and that will reduce congestion making people better off what are your thoughts is such an interesting problem because as you've often said the phenomenon of traffic in the first place is interesting traffic is an emergent property of the desire of many people all to use the road at the same time to get to a place fast as possible and the result is we all end up going really slowly and hating each other so the people really get angry in traffic.

russ roberts stanford university hoover institution michael munger duke university newark
"munger" Discussed on KEOM 88.5 FM

KEOM 88.5 FM

03:48 min | 3 years ago

"munger" Discussed on KEOM 88.5 FM

"By i'm nathan thinner fleet ditch players and you're listening to the local lounge and mayo mm there uh no logo moe rigolato will withdraw i've got a flagpole of duty booed live girl bowl baid nibble logan zoe bri move you way dravid on the headstones of dole boop burlington bowen joe donnelly god knows zone via will make a move wow i'll stop the money don't look doors england girl bill now john so christmas a little slow no i got sandstone luke toward berlin board yes yep down with jim it was suitable ideas well bail was dean munger flu labour's downstairs though that those with jordan well i'm a little bit a little old oh god my name joining the alamo colin firth the ludi lin gene stone the berlin well uh oh he came when now is handy in this show.

jim colin firth christmas berlin dean munger jordan
"munger" Discussed on EconTalk

EconTalk

01:31 min | 3 years ago

"munger" Discussed on EconTalk

"Welcome to this on talks part of the library of economics and liberty i'm your host russ roberts at stanford university's hoover institution our website is he can't talked out of work for you could subscribe comment on this podcast in find links and other information related to today's compensation also find archives we listen to every episode with ever done going back to two thousand and sets our email address is mail it he talked out or love to hear for today's is october 19th 2017 on my guest is the legendary mike munger of duke university the alltime leader any contact appearances with over thirty to his credit and even bother counting them up he's got such a lead on the second place person just doesn't even matter is is the tom brady of um economics podcasting guest hood mike welcome back to counter it is always a pleasure even if it is deflating yeah well that's a very clever response especially since you know tom brady's the alltime regular season wins leaders when eighty seven and bread far van peyton manning of when eighty six it's not really in playoff wins he leaves everyone on the dust but regular season yeah uh that's a bad it's a bad example i apologize for that well i i appreciate the fact that i've been able to be on as much as this and i do ask the indulgence of the listeners to put up with another one but i'm i'm looking forward to our talk.

russ roberts stanford university hoover institution mike munger duke university tom brady van peyton manning
"munger" Discussed on KBNP AM 1410

KBNP AM 1410

02:37 min | 4 years ago

"munger" Discussed on KBNP AM 1410

"Caught him out out who bondi people added cut people uh by the end of the film after asked we've heard story of a who evocative worn he said he'd never would have been able to to uh be at acceptable if he would without who that he she was the reason berkshire hathaway has become what had become so he could get hurt as much credit at he get himself and i think that one of the reasons warren it pleased with a film i don't think that really come out before i i think people have loaded in with credit and who eat always known who desert good part of it the other person on the investing side this charlie munger yeah and i guess i'd never really clued into the ways in which charlie munger has not only been an amazing business partner for warren buffett over the decades but the way in which she appears to have changed buffets investing approach when they meet buffett is really a guy as an investor who's going after the socalled cigar but stocks the companies that are on their last legs but they've got one more time he bit of value out of them and munger comes along and really seems to open his eyes to a larger world of investing completely right and and hope for years worn metal lot of money i'm the mall company that weren't very interesting or glamorous or uh or or even profitable but as you say they had they had a few more cohesive mocow out the little regard but what charlie did open his i who good company at at deep in prices instead of medium company that great crisis andy taught him that over the overtime by investing in franchises in brand that were crushed hidden and and part of the culture that warren could do much better and warned credit charlie with with opening though thrive and if you look at the the the the uh the bike in berkshire value it really it if it take it could get paid him upward movement and then suddenly went when they hit the la he's investing bike upward help charlie was right in warn ordering uh it it that that that now what what he does and what he famous for one of the things that buffett is famous for ininvesting circles is his temperament he has said before them when he mastered his temperament that.

berkshire hathaway partner buffett bondi charlie munger warren buffett andy
"munger" Discussed on Motley Fool Money

Motley Fool Money

01:54 min | 4 years ago

"munger" Discussed on Motley Fool Money

"The other person on investing charlie munger yeah and i guess i'd never really clued into the ways in which charlie munger has not only been an amazing business partner for warren buffett over the decades but the way in which she appears to have changed buffets investing approach when they meet buffett is really a guy as an investor who's going after the socalled cigar bought stocks the companies that are on their last legs but they've got one more tiny bit of value out of them and munger comes along and really seems to open his eyes to a larger world of investing completely right and and copremier worn medal of money on the mall company that weren't very interesting or glamorous or uh or or even profitable but at he say they had they had a few more coke's of smoke out of the these little cigar but what charlie did was opened his eyes to good companies at at decent prices instead of medium companies at great prices andy taught him that over the over time by investing in franchises isn't brands that were trusted and and and part of the culture that warren could do much better and warren credits uh charlie with with opening those eyes and if you and if you look at the the the the the spike in berkshire value it really it it's it's it's a it's it it's a it's an upward movement and then suddenly went when they shift philosophies investing it just spike upwards so charlie was right and warn warren uh is it that that that's now what what he does and what he's saying this for.

partner buffett charlie munger warren buffett andy
"munger" Discussed on KQED Radio

KQED Radio

01:58 min | 4 years ago

"munger" Discussed on KQED Radio

"In each state's legislature michael munger what do you think i think the third answer probably is this going to have to be driven by voters the courts really don't want to be involved in this and for some of the reasons that cruises said it's an inherently political process we don't want to with this too much on the other hand we want to limit the unfairness of the courts very conflicted i think that it might have to be driven by a constitutional amendment that of is is more driven by some kind of groundswell of voters the question is what to organize around and in some ways kelly's organisation might be a way to start the process because it may take a grassroots i don't think that the courts are going to intervene any more than they have to they don't want to be involved in deciding winners and losers in politics i'm joshua johnson you're listening to one day a few more quick questions i'd like to get to before we run out of time in the our kelly i understand that president barack obama is involved in your group working with you what his role well as you've heard him say this is a top priority for him in his post presidency i think he made very clear in his farewell speech why redistricting and other elements of things that have been working on our important there there is a responsibility that we have to make sure that our democracy is protected so it is a certain i certainly a huge priority for him in his post presidency i'll leave to him to tell you exactly what he'll be doing that we fully anticipate allied of i'm very important pat participation and assistance from him over the course of the next couple years haley tweeted us why are we talking about this like it's a game this is our lives wire there even districts why not just counting votes barbara emailed us there are so many ways the average voters disenfranchised gerrymandering and the electoral college are both agents to erase fear elections and ensure some boat simply are not counted bourbon vote should not countless or more than rural.

michael munger joshua johnson barack obama electoral college kelly president haley barbara one day