A Conversation with Charlie Munger (U Michigan)- 2010

Charlie Munger talked to Becky Quick at the University of Michigan (2010)

Category:

People & Blogs

Tags:

• Charlie Munger
• Warren Buffett
• Lee Kuan Yew
• Berkshire Hathaway

[PigOnGas]

I don't know what will become of the world economy --- But I know that Becky Quick is smoking hot.

[laysovann]

starts at 8:47

[Tonystark114]

@laysovann good looks lol

[blueplanet87]

hahah Charlie just keeps cutting off interviewer

[m3ekag]

Munger spoke about VATax, as applied to all products & services, it does mean everyone has to pay the tax regardless of income, no escape route with VAT, if kept to 10% it is barely noticed and is no burden on businesses to collect, retailers are paid in cash or CCard so they feel no pain at all.

[m3ekag]

How refreshing, a seemingly honest American who can see that decency & morals are more important than greed.

[constantlychangin]

charlie munger is straight shooter, an awesome man

[NiXAeternus]

interview starts at 8:16

[str329]

an 8 minute intro? are you kidding me? look at how empty the auditorium is! that must be the michigan difference.

[jackthejack1996]

i think that tis topic is very contreversial, there a re good points bout the analogy of the good ole u s of a but i think that holding gold in stock is imbosileishh, i think that the realy moeny is in space chimps, since they are smart. if u buy lots of space chimps u will be rich in the future, this is not a lie. space chimps will be used as currency in the future and therefore will be liquid gold and thro shit at you, but it wont be shit it will be liquid diareeah which is as good as money

[afro84]

@Gazza7 Calm down... the world will keep spinning. Also, you say that Bernanke will print and print, but surely that demonstrates that US cannot go bust. It will devalue the dollar (but wouldn't you if you had loads of debt and controlled the currency you owed that debt in?).

Buffett and Munger have said time and time again that they are bearish on the US dollar, but bullish on US equities. They have emerged better off from so many "this time it's different" periods that I'm backing them...

[Gazza7]

@afro84 He doesn't understand where the world is headed: the debt bubble has burst, the US is burying its head in the sand, it refuses to live within its means. Bernanke will print and print, devaluing the dollar. The US will go bust. Gold will become (again) the key reserve asset, hence China and all central banks are buying it, and dumping US Treasuries. Start reading Zerhedge, discover some hard truths before its too late. And good luck if you live in America.