Undeniably Smart Investment Approach by Charlie Munger

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찰리 멍거의 투자 철학 3원칙을 소개하는 영상이다. 결론: 성공적 투자는 자신이 아는 영역 안에서, 인내심을 갖고, 여러 학문을 통해 지혜를 키우는 데서 나온다. 원칙 1: 아는 것에 집중하고 지속적으로 배워라. 여러 산업을 동시에 이해하는 사람은 드물고, 금융 구조도 복잡해 전문가조차 완전히 이해하지 못한 상품을 팔 수 있으므로 경계해야 한다. 원칙 2: 무언가를 '하지 말고' 기다려라. 멍거와 버핏의 기준을 충족하는 기업은 많지 않아 대부분의 시간은 기다림에 쓰인다. '가만히 있지 말고 뭔가 하라'는 통념은 투자에선 잘못된 조언이다. 원칙 3: 여러 학문(철학, 생물학, 물리학, 역사, 경제학, 산수, 심리학)을 공부해 지혜를 키워라. 다른 분야의 핵심 개념을 연결해 다각도로 보면 남들이 어려워하는 복잡한 문제도 풀 수 있다. 버크셔의 기업 분류 방식: 현재 투자 대상, 투자 안 할 기업, 잠재 투자 대상으로 나눈다. 잠재 투자 대상은 좋은 사업이지만 가격이나 타이밍이 맞지 않는 기업이며, 사업 방향이 확인될 때까지 기다린다. 투자 대상은 회사의 사명·가치·경영 방식을 이해할 수 있을 때만 선택한다. 벤저민 그레이엄의 조언대로 우량 기업이 본질가치보다 싸게 거래될 때를 기다린다. 영상은 투자 원리의 심리적 측면과 기본 원칙 이해의 중요성을 강조하며 마무리된다. 리스크: 영상 자체는 특정 종목·자산에 대한 가격 예측을 하지 않았다.

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01. are you interested in making passive income through your Investments are you considering using your Investments to generate passive income allow Charlie Munger to reveal to you his investing strategy and life philosophy he is Warren Buffett's lesser-known partner yet the two of them once LED one of the most prosperous businesses in the world for many years in order to make their investment firm Berkshire Hathaway into one of the most lucrative businesses in the world Charlie and Warren have been working really hard and smart for decades they choose the best companies in the world and are able to purchase them at reduced prices by complementing each other sharing strengths and making up for each other's weaknesses Charlie munger's approach so not as valuation ideas comes down to three rules one sticking to what you know but constantly learning 2.

02. don't just do something stand there 3. try to broaden your knowledge by studying a variety of disciplines rule one successful investors stated what they are familiar with and stay inside their sphere of expertise Charlie shares Warren's belief that a successful investment strategy involves acknowledging your limitations and sticking to what you know all kinds of alarm Bells ought to go off in your head if a stock analyst tries to sell you on Facebook one week a pharmaceutical firmed next and a Vehicle Manufacturer the week after that firstly there are very few people who are educated about more than one industry because they are all highly complex and difficult to understand today you have to understand management decisions research and development competition and what financial data is most important in different Industries second because every investment has a very complex Financial nature an expert could frequently try to sell you something that she doesn't even completely comprehend at Berkshire Hathaway Charlie and Warren follow Benjamin Graham's advice to wait for a superb firm to trade at a price that is less than it ought to be in order to invest they will only invest if they are aware of the company's Mission values and management style the model is straightforward but challenging they make it a habit to categorize companies into three groups a current investment category one that they don't want to invest in after research and a potential investment category the potential investment category is for business ought to be a solid business but either the price is not right or the timing is not right this could be the case when the environment changes unpredictably and Berkshire Hathaway wants to wait out the direction of the business first rule 2 don't just do something stand there as you could have guessed the above model demands patience Above All Things you may be familiar with the adage don't just stand there do something this is poor advice when it comes to investing he loves to emphasize the opposite don't just do something stand there because there aren't many businesses that meet Charlie's and Warren's investing standards much of your time will be spent waiting and investing as it is in life and in this instance it should be rule 3 develop wisdom by studying a variety of disciplines various disciplines have different perspectives on the world including philosophy biology physics history economics arithmetic and psychology they are all connected by the wisdom that can be found in them by connecting significant Concepts from other fields and viewing the world from multiple perspectives rather than simply from one you may reason your way to answer many complex topics that other people find difficult to understand this knowledge Gap you have created by then can be extremely advantageous these three rules describe the psychology of researching Industries and individual businesses apart from the financial aspect of business you have to understand underlying principles people often ignore it or are simply unknowing but truly understanding investing is much harder than often assumed and therefore should be done carefully we hope to have provided you with new knowledge that can be valuable to you and on that note we thank you for watching and hope to see you in our next video with a new development dose thank you foreign