Charlie Munger's View Of The Economy (How To Get Rich During The Recession)

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Charlie Munger의 경제·에너지·암호화폐 견해를 다룬 인터뷰 요약. 결론: 버핏의 최측근 멍거는 화석연료 의존이 수십 년간 지속되고 재생에너지는 확대되리라 보며, 인플레이션과 거시지표는 투자 결정에 영향을 주지 않는다고 말한다. 암호화폐에는 극도로 부정적이다. [투자 이력] 버크셔 해서웨이가 옥시덴털(OXY) 지분 18.7%를 보유하고 7월에 1,200만 주를 추가 매입했으며, 셰브론(CVX)도 보유 중이고 이것이 네 번째로 큰 보유 종목이라고 언급. [에너지 전망] 멍거는 향후 수십 년간 세계 경제가 화석연료에 의존할 것이며 이를 완전히 없애지 못하고 사용량만 줄일 것이라고 봤다. 동시에 재생에너지가 세계 전력 생산의 더 많은 부분을 차지할 것이라고 예상했다. [투자 전략] 멍거는 인플레이션을 인지하지만 투자 결정에는 영향을 받지 않는다고 했고, 거시경제 흐름은 크게 신경 쓰지 않는다고 밝혔다. 좋은 기회가 오면 투자하고 공정한 몫을 기대한다는 태도다. [현금 보유] 버크셔의 높은 현금 보유는 큰 하락을 예상해서가 아니라, 투자 경쟁이 치열해져 좋은 기업의 가격이 비싸 적절한 투자처를 찾지 못했기 때문이라고 설명했다. [암호화폐] 비트코인을 사기·독성 있고 어리석으며 비도덕적이라 규정했고, 판매자는 미치거나 악하다고 비난했다. 전혀 사지 말고 피하라고 조언했으며, 이익을 내는 실제 사업 주식에 투자하는 것이 낫다고 주장했다. [대상 자산 예측] 이 영상에서 1~3개월 가격 방향에 대한 명시적 예측은 없음. 비트코인은 부정적 견해만 있고 기간 언급 없음.

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01. Charlie munger's view of the economy Charlie Munger of Berkshire Hathaway discussed his views on the economy oil renewable energy and cryptocurrency following his recent personal investment in an Australian Investment Company billionaire investor Meyer who has worked alongside Warren Buffett for decades spoke with the financial review in Australia about his thoughts Munger Berkshire Hathaway's Vice chairman invested in Stonehouse Corporation a melbourne-based investment firm because its founder is a soul mate to the conglomerate he said the amount invested was not disclosed Stonehouse Corporation a relatively unknown investment firm is run by Charles Jennings an American living in Australia for several years his strategy has been to mirror the conglomerates policy of buying and holding businesses Munger Buffett's right-hand man made the investment with his own personal wealth because Jennings operates similarly to birchers and employees why isn't oil going away Berkshire Hathaway now owns an 18.7 stake in Occidental having added another 12 million shares in July and also has a stake in oil producer Chevron CVX get Chevron Corporation report which is the conglomerates fourth largest holding according to Munger the global economy will be dependent on fossil fuels for several decades I believe we will continue to use fossil fuels for a long time because we must we will not eliminate fossil fuels rather we will use them less free quality stated Mugger on the other hand believes that renewable energy should be included in the mix I also believe that Renewables will generate more of the world's power be added both of these things will occur economic forecast inflation Mueller's investment strategy is unaffected by inflation I'm always aware of it he said but it doesn't stop me from working I'm nine thousand eight hundred and twelve years old and have witnessed a lot of inflation I intend to survive inflation I've seen a lot of it already in my long life it is not discouraging when making investment decisions Mueller largely ignores current macroeconomic trends I'm not particularly interested in macroeconomic Trends he admitted I just ignore the weather as I do everything else I simply try to invest whatever capital I have as well as I can and accept the results as they come I just take whatever opportunities come my way and hope to get my fair share Berkshire Hathaway's investment thesis Berkshire Hathaway is well known for keeping large amounts of cash on hand berkshire's recent cash levels were not accumulated because we were anticipating a big decline where you can spend it munner explained because investors were eager to deploy their Capital cash Reserve levels increased we accumulated cash because things became so competitive and prices for good businesses we couldn't find any good Investments he explained never buy crypto Mueller has always been brutally honest about his disdain for cryptocurrency investing claiming in the past that digital currencies are fraudulent and that Bitcoin is a scam noxious poison stupid and immoral Bitcoin and other virtual coin sellers are interest worthy and digital currencies are a mass Folly according to him I believe anyone who sells this stuff is either insane or evil munner told the financial review I'm not interested in undermining the world's National currencies I say of cryptocurrency he advises investors to stay away from them never touch it he instructed never ever buy it allow it to pass buying or trading in the stuff strikes me as almost insane I just avoid it like it's an open sewer full of dangerous organisms I just avoided it completely and advised everyone else to do the same investing in the stocks of profitable companies is a better strategy stocks are very interested in real businesses he explained crypto is an investment in nothing and the guy trying to sell you nothing says I have a special kind of nothing that's difficult to make more of I don't want to pay for nothing