저자: 미상 · 외국인
요약 보기
찰리 멍거의 투자 철학과 조언을 소개하는 교육형 영상으로, 특정 자산의 앞으로 1~3개월 가격 방향에 대한 예측은 없다. 영상은 버크셔 해서웨이 주가 하락에 대해 멍거가 과거에도 두세 차례 큰 하락을 겪었고 대응 방법을 안다고 말했다는 점을 소개한다. 시장 변동성을 견디는 기질이 없으면 주식 시장에서 살아남기 어렵다는 주장도 포함된다. 규제와 관련해서는 자본주의 경제의 호황과 불황을 완전히 없앨 수는 없지만 현명한 입법으로 크게 완화할 수 있다는 멍거의 견해를 전한다. 규제가 없으면 비도덕적 행위가 발생하고 로비와 정치 자금이 늘어난다는 논지다. 투자 성공 확률에 대해서는 대다수 투자자가 장기적으로 시장을 밑돌며, 일간 거래자의 70% 이상이 장기 손실을 본다는 연구를 인용한다. 따라서 신중함이 필요하다는 결론이다. 멍거와 버핏의 종목 선택 체크리스트는 기업에 대한 기본 이해, 지속 가능한 경쟁우위, 높은 성실성과 재능을 갖춘 경영진, 적정가격과 안전마진 확보로 요약된다. 비싸게 사지 말라는 조언도 포함된다. 저축과 부채에 대해서는 버는 것보다 적게 쓰고 남은 돈을 투자하라는 원칙을 강조한다. 신용카드 부채는 연 18% 수준으로 주식의 장기 기대수익률(8~10%)보다 높아 먼저 갚아야 한다고 설명한다. 투자의 핵심 원칙으로는 주식을 기업의 지분으로 보고 할인된 미래 현금흐름 기준으로 장기 가치를 평가하라는 것, 가치보다 싸게 살 것, 그리고 인내가 자산이라는 점이 제시된다. 큰 부를 노리는 과욕과 이해하지 못하는 종목 투자는 피해야 한다고 덧붙인다. 영상은 Gen Z 투자자에게 과거보다 생활비가 높아져 부를 쌓기 어려워졌다고 보며, 고위험 투자 회피와 분산투자된 보통주 포트폴리오를 기본 전략으로 제시한다. 투자 성공에는 뛰어난 지능보다 행동 면의 이점이 더 중요하다는 메시지로 마무리된다.
다듬은 글
what makes you stand out is your attitude towards the things happening around you whether in your favor or not how amazing it is to take lessons from Living Legends of Investments as to how to become like them hello and welcome to our Channel today we are going to tell you about the secrets that Charlie Munger reveal to become rich if you are the one who really wishes to become rich or at least be able to shop without worrying about the zeros on the price tag we suggest you stick to the video as most of the information is at the end of the video when asked about the low prices of shares of Berkshire company Charlie said he has nothing to be worried about as they have seen it going down two to three times and he knows when and how to improve them as Charlie is well aware of the market Behavior he considers it normal when it comes to the long-term shareholding of the market Charlie says that if you do not have the right temperament for the wrong situations such as price fluctuations in the market you won't stand a chance in the share market Charlie explains that nobody can gain more from the market if there are a legislative human constraints on the players of the market and that would be the investors it's nearly impossible to take all the boom and bust of a capitalist economy but they could be enormously dampened if there were wise legislative restraints on human conduct he gave an example of America when people made money without any wiser restraining legislations thereby more political contributions were made more and more power was extracted by doing more and more lobbying people assumed that if a free market worked so well compared to Communism then the economy would also work better if there were no wiser restraints on financial conduct which is not the case in fact the economy works really badly so if there's no restraint gross immorality will take place in the market which will require regulations there will always be at least one other investor who has failed miserably for every successful investor that makes the news the ratio may actually be substantially worse according to research most investors underperform the market over the long term and over 70 percent of day Traders experience long-term losses if we use the latter estimate almost four out of every five day Traders will lose money the odds are clearly stacked against the typical investor as shown by this number the deck is stacked against us as investors therefore caution is required if we are to succeed over the Long Haul mongers and buffets checklist to invest in any company starts with the basic understanding of the subject matter of e-company and also their Viewpoint of the business the intrinsic filters that will give the company durable comparative advantage the preference will be given to the company having the management in place with extreme integrity and talent the correct and reasonable price that he prefers to pay can't be more than the credible price no matter how great the company is which gives a margin of safety considering the natural alterations of Life are some of a very simple set of ideas that Charlie does and suggest to adopt when it comes to investment in a company well according to him his ideas of investment have not been famous as they are too simple to be true given their success at investment even the professionals can't digest the fact that his investment ideas are too obvious and simple now if you really want to know how Charlie along with Warren made a record-breaking success by investing at Coca-Cola then you must hear this according to Charlie it was easy for them to invest in the Venture as it was cheap and they focused on buying more and more of it for months buying shares requires the mindset of a person who's buying the whole person at the price you would realize multiplying it to the price paying by share by number of outstanding shares along with the price of the whole business so in simple words it would prefer to buy individual shares at lower prices than prices of the shares of the company if bought as a whole this is possibly the most significant Munger quotation of all time spend less than you earn and always have some money set aside place it in a tax advantaged account it will eventually start to amount to something such a no-brainer I tell you even a poor investment is preferable than doing nothing because you need to spend less than you make in order to invest well and because doing so moves your ability to spend money from now to the Future Munger offers the following advice to those who are unable to save money on a regular basis for their futures it's impossible to escape debt once you've gotten it keep your credit card debt current paying 18 won't allow you to advance the range of long-term returns for investing in shares is somewhere between eight and ten percent yearly however even that isn't assured the significance of consistently paying off credit card debt and the absurdity of trying to invest at a rate lower than that charge by normal credit cards become painfully evident when compared to the typical interest rates of 13 or higher interest for those who do invest the most crucial advice Munger offers two pieces of advice that are the utmost importance the first the most important concept is to think of a stock as an ownership in a company and to assess a company's long-term viability based on its Competitive Edge in terms of discounted future cash flow try to get more value than you are paying for only move when you are in a better position and monger's second key piece of investing advice there are worse things than drowning in money and sitting for hours on end I don't want to go back to the days when I wasn't flush with cash together they serve as the Cornerstone of the value investing approach that has made Munger and his business partner Buffett two of the world's wealthiest individuals Munger has advice for Gen Zed investors too Monger claimed that over the past few decades navigating the world of Investments successfully has become much more difficult even after accounting for inflation he observed many areas of the United States now have considerably greater living expenses than ever before the group of people who have recently graduated from college will find it far more difficult to become and remain wealthy according to Munger consider how much it used to cost to own a home in a posh area of a city like Los Angeles moncker said makes it difficult to get today's young people any one-size-fits all investment advice for decades his go-to advice was to own a diversified portfolio of Common Stocks a strategy that could earn intelligent investors roughly a 10 return He said Charlie and Morin both agree that it is imperative to steer clear of high-risk Investments at all costs this entails avoiding Ventures that have a high likelihood of failing it also entails staying away from any businesses that are challenging to comprehend or fall outside of your area of expertise don't overpay for businesses is another piece of advice due to the lack of a predetermined framework for determining the accurate value of a company this is rather difficult to describe having said that it may be best to avoid a company if you don't know how to evaluate it because that is a fairly obvious sign that it does not come inside your circle of confidence investors shouldn't be eager to become wealthy although it might appear strange this makes a lot of sense investors who are eager to get wealthy may take needless risks such as taking out large loans buying stocks they don't fully understand or investing in possibilities that appear too good to be true losses of this magnitude could result from any of these acts Charlie suggests secrets of successful investing by saying that you need to achieve the correct balance between confidence and competence on the one hand and knowledge or competency on the other it's bad to have too much competence without any guts furthermore if you don't know your area of expertise exercising too much audacity could result in your death the value of gumption increases as you become more aware of your knowledge's limitations to risk according to Charlie patience is an asset for an investor in the market many people find it impossible to wait despite the fact that it is waiting that makes you a better investor it takes a lot of effort to overcome not having the gene for deferred gratification Charlie says that to be good at investing you don't have to be a genius and you feel better and confident when you hear what he actually says about it we're hardly prodigies Warren and one we cannot be concert pianists or play chess with our eyes closed the findings however are astounding since we have a behavioral Edge that more than makes up for our low IQ well that's it from our side and we hope that you liked our video and please don't forget to subscribe to our Channel
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