In this video, renowned investor and Berkshire Hathaway Vice Chairman Charlie Munger shares his thoughts on the gambling that took place at the Super Bowl and the broader landscape of legalized gambling in the country. Munger discusses the differences between gambling and investing, highlighting his stance on responsible betting and the importance of understanding odds. Gain valuable insights into the mind of a seasoned investor and learn about Munger's views on the risks and potential consequences associated with gambling.
Charlie Munger's Recommended Book List:
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► Video Transcript & YAPSS Takeaway:
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This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2023.
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☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.
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YAPSS Playlist – Collection: Charlie Munger:
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Is Gambling Harmful? Charlie Munger's Views on Gambling: From Super Bowl Bets to Odds | DJ 2023 【C:C.M 281】
