Author Topic: Charlie Munger speaking at the 21st Committee of 100 Conference  (Read 3978 times)

ajc

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Charlie, Victor Fung (Li & Fung) and Jim Sinegal (Costco) discuss Sino-American business prospects and other related matters.

http://www.youtube.com/watch?v=cDDPtJzGyEg


Henry Every

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Re: Charlie Munger speaking at the 21st Committee of 100 Conference
« Reply #1 on: July 22, 2013, 07:08:22 AM »
Mr. Munger's comments on oil at about 37 min is brilliant as usual.  I am very grateful for this this forum.  Thanks for the post.


"I have given you the argument and I've given you the right response.  From here on it's up to you"     ........ Priceless

hellsten

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Re: Charlie Munger speaking at the 21st Committee of 100 Conference
« Reply #2 on: July 22, 2013, 08:20:55 AM »
Thanks. Charlie also made some comments about BYD that were something like:

- Li Lu picked BYD.
- BYD is hiring the best brains.
- They are very aggressive people.

Charlie also said "I'm glad to be anywhere" :D

longinvestor

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  • Never interrupt compounding unnecessarily -Munger
Re: Charlie Munger speaking at the 21st Committee of 100 Conference
« Reply #3 on: July 22, 2013, 09:10:27 AM »
Great panel discussion. Thanks for posting.

Liked Munger's comment that the US should have dug up the earth to (buy) store lots of oil underground in 1930! Of course it was in hindsight, but he does say that not one person spoke up (so) in 1930! Oil independence will never cease to be popular.

The other comment he made was that oil price is going one way and that is up, given the finite amount of oil in the ground and the world's dependence on Hydrocarbons. The huge bet by BRK on solar and wind is likely rooted in this fact. Cannot wait to hear Warren/Charlie talk about the investment thesis.

JBird

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Re: Charlie Munger speaking at the 21st Committee of 100 Conference
« Reply #4 on: July 22, 2013, 09:41:56 AM »
Thanks for posting this link
Woman and wine, games and deceit, make the wealth small and the wants great. - Ben Franklin

rogermunibond

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Re: Charlie Munger speaking at the 21st Committee of 100 Conference
« Reply #5 on: July 22, 2013, 03:58:24 PM »
Charlie's made the point before on natural gas that it is an essential feedstock for creating nitrogen fertilizers. To that point it does sound as if Charlie has been reading Grantham's work on resource shortage over the long haul.. Next 100-200 years.