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Charlie Munger Explains Why You Only Need Three Stocks To Get Rich



Warren Buffett and Charlie Munger discuss investing strategies and principles.

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43 thoughts on “Charlie Munger Explains Why You Only Need Three Stocks To Get Rich”

  1. Exactly the kind of investing video beginners need: straightforward steps on how to start in the market, practical strategies you can actually use, and clear guidance that makes beginning feel achievable. I started investing when I was 37, mostly through sweat equity. I just turned 52, and this last month was the first time that my passive income broke $500,000

  2. I wish that I had been watching these videos and some of the top investors since I was a kid and those two are funny together would’ve been a great time and making lots of money obviously still can’t now but I could just imagine I’m 46 and I listened to them. Is there advice that would’ve been awesome but I’m going to now never too late but I think it’s cool how they are such cool friends.

  3. From $28K to $110,590 in a month. and the biggest lesson isn't the money. It's this. generational wealth isn't built by chance, it's built by understanding. Making money is one skill. Keeping it, growing it, and passing down the knowledge to do the same. that's what creates real legacy. I told my son this recently: if the next generation doesn't learn how to manage wealth, then we haven't truly built anything lasting. It's not just about getting rich. It's about staying rich. and teaching others how to do it too.

  4. How to win the stock market. Be old. Be invested in anything at the end of ww2 in the late 40s and 50s when the US was the only world power left largely untouched and enjoyed 40 years of uninterrupted prosperity and growth. There was no global economy until the 80s.

  5. Coca Cola’s stock price has risen 245.21% in the last 30 years. The S&P 500 has risen over 1000% in the last 30 years. So, diversifying did 5x better than picking one “super stock.” When you’re a super rich guy who is extremely well connected, it’s easy to know when things will shift so you can take advantage.

  6. Get a load of that guy putting Big Pharma on an alter and positively gushing about how wonderful and perfect they are (03:47). Ya just know that twit prayed to a Tony Fauci bobble head before bedtime during the Covid Hysteria and had a poster of Bill Gates on the wall over his bed. Who would like to remind him of Vioxx, or OxyContin, or Thalidomide, or Baycol, or the multi-billion dollar lawsuits that periodically are aimed at Pfizer, J & J, GlaxoSmithKline, Purdue Pharma, etc. ad nauseam?

    Please, somebody explain to me the psychosis that came to afflict so many of the population that all of a sudden Big Pharma were seen as miracle workers actually interested in our health and welfare instead of increasing shareholder value. What was it that turned these people into fawning needle Nazi's demanding all ought be lined up and forced to take their products? Somebody tell me how this happened to a generation that was fond of saying "don't trust anybody over 30" and "question authority." What the hell happened to those people, and many more to boot?

    I'll never understand, I'll never forget, and I'll never forgive.

  7. i watched this video a few years back and take it to heart. i found 1 stock and its doing pretty well! it took me a long time to find it but it was exactly as what they said. Now the trick is finding those 2. This is a really good advice. I never believed in diversifying stock. The trick though is finding those gems.

  8. Highly recognizable about Coca Cola is the amount of well known brands we buy under Coca Cola and second to that being Amazon being a conglomerate in the space of tech/shipping/shopping. The dominated space with revenue streaming avenues from products that are useful, well designed, repeatedly bought/disposable and carries over to our lives will always outbeat a small corp just advertising in one mini product. Merch for shoes is not as prime as Nestle. Apple at least appeals to the mass because of global expansion. McDonald's does NOT have many brands under them regardless of their asset making machine. I would vouch for hotel brands too but those hotel investment funds, trusts, holding companies don't own much "space" in the way Coca Cola does as every vending machine at least has a coke bottle

  9. This is old school as one can see watching how these two fellas are so young in the video. Their advice was REPLACED. Just anchor at least 50% in SP500 inexpensive index fund, and you will see a doubling in value (10% per year) every (7) seven years. This has been happening for 100 years.

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