Charlie Munger on Common sense and Investing

A discussion and Q&A with Charlie Munger. In this discussion Charlie first talks about common sense and how it is not common. He then discusses the Social Sciences and his views on them. Finally Charlie takes questions from the audience and displays his wisdom across many subjects.📚 Books about Charlie Munger and his favourite books are located at the bottom of the description❗

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0:00 Introduction

6:17 Start of Charlie

8:22 Do you keep Warren from becoming infallible?

11:17 Common sense speech

33:24 No linearity of Social Sciences

38:19 Are the risks of financial instruments independent?

46:58 Academics trying to explain Berkshire Hathaway’s success

48:39 Pre University Education system

52:26 Meteorology

54:02 Benjamin Franklin

55:26 Are we competing with ourselves instead of the competition?

1:02:53 Immigrants coming to America

1:05:23 Start of Q&A

1:06:21 You and Warren support different political parties?

1:09:35 Corporate responsibilities for global warming?

1:13:48 Should there be another event such as the space race to advance science and education?

1:15:42 Negative lollapalooza effect in finical markets?

1:21:24 Most important experience a young person could get to become a good investor?

1:22:12 Why is it so easy to write of the USA?

1:24:03 Outlook on the US dollar?

1:25:47 Advice for a new investor?

1:28:54 Should companies sponsor the Chinese Olympics which have human rights abuses?

1:32:02 How do you integrate common sense ideas into investments?

1:33:39 Dominant concerns for the future?

1:38:10 Acting on insight

1:39:51 Foundation advice

1:42:12 How to reward multi disciplinary knowledge?

Charlie Munger Books 🇺🇸📈 (affiliate link)

Seeking Wisdom: From Darwin to Munger: Charlie’s almanac: Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger: Mungers Favourite Books🔥

The Autobiography of Benjamin Franklin: The Psychology of Persuasion: The Life of John D. Rockefeller, Sr.: Date:March 11th, 2008

Event:DuBridge Distinguished Lecture

Location: Beckman Auditorium, Caltech

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