INVESTMENT IN STOCKS

CHARLIE MUNGER'S ADVICE FOR INVESTMENT IN STOCKS AGE 95

Charlie Munger is a wise man. His career is everyone's dream. And here are some of his tips for young entrepreneurs that you can't afford to ignore.

1. “What can't make you buy yourself – don't sell it!”

During Berkshire Hathaway's 2017 annual shareholder meeting, Munger and the company's CEO Warren Buffett agreed that instead of choosing the job that pays the most, young people should pursue something they love and believe in. .

“while you exit into the arena, discover a activity that makes you want to do it despite the fact that it would not pay, so that you can stick with it until antique age,” Buffett said.

Munger added: “i've advice for younger human beings. If you've got an idea and really want to do it, don't wait until you're 93!"

2. “People you don't respect and admire – don't work for them!”

In addition to pursuing a field that you are truly passionate about, Munger also emphasizes the importance of working with the people you desire.

After more than 40 years as Buffett's right-hand man, Munger still respects and admires his boss. One of the qualities he most admires in Buffett is his willingness to learn. He likens Buffett to a "learning machine" and attributes their success to that progressive spirit.

If it weren't for the "relentless learning machine" Warren Buffett, those legends, those records, would be impossible!, Munger said at the University of Southern California in 2007.

3. “Only collaborate and work with people you like!”

During that long time, Munger and Buffett have always cherished each other. In an interview with CNBC's "Squawk Boxkish" in 2018, Buffett said that there has never been an argument between him and Munger.

The bond between these two men is so special and rare! Munger has been working with someone he loves, and he advises that others should too.

When it comes to his time with Buffett, Munger was honest with editor Peter Kaufman: "I've been incredibly lucky!"

Owning $ 1.8 billion at the age of 95, Warren Buffett's right-hand man gives advice that everyone who hears must nod in agreement!

After more than 40 years as Buffett's right-hand man, Munger still respects and admires his boss. One of the qualities he most admires in Buffett is his willingness to learn. He likens Buffett to a "learning machine" and attributes their success to that progressive spirit.

Besides, Munger also shared in the book "Poor Charlie's Almanack", life can be very harsh and brutal, and offers 3 useful things when times are tough:

1. “Don't expect too much!”

Day by day and step by step is how Munger overcame all difficulties.

“each morning when you wake up, try to be wiser

. Complete your duties in the most honest way. Take it one step at a time, don't be in a hurry, but discipline yourself as quickly as possible."

Instead of living with high expectations and worrying all the time about what might happen, Munger suggests that you “struggle to get little by little closer to what you expect, and if you live long enough, You will get what you deserve.”

2, “Keep a sense of humour”

Munger retains a sense of humor even as the burden of building the giant Berkshire Hathaway falls on his shoulders.

In a joint interview with Munger, Buffett said that during all these years of working together, they were very happy.

Munger called the partnership "quite hilarious".

3, “Keep your life full of love”

Munger believes that friends and family are very important things.

“despite the fact that I don't have any situations, my own family gave me a great education, they taught me how to behave, and that is extra precious than cash.than money.”

According to Munger, “to be surrounded by the right values ​​from the start is a huge treasure!”.