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InvestED: The Rule #1 Investing Podcast

357 - Ethical Investing Tips from Charlie Munger (Part 1)

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 23 February 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

In this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal. The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US. Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to build a successful financial future for yourself with Phil Town’s FREE 12-Month Financial Planner. Download your copy now: https://bit.ly/3Gfa1l5 Topics discussed in this podcast: Investing in Cryptocurrency Investing in other countries Investing Ethics Contradicting Investing Additional resources discussed in this podcast: Charlie Munger’s Video with Yahoo Finance For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Towns and this is Janiel Towns. Welcome to the

0:08.4

invested podcast where we have been deeply invested invested in I think we're

0:17.8

the only people who think that's hilarious every time. In this great

0:22.6

investing strategy developed by Ben Graham and Charlie Munger Warren Buffett

0:26.8

and carried on by fabulous investors around the world. 90 years of massive

0:32.1

success creating generational wealth for thousands and thousands of people who

0:37.4

follow this kind of investing. We're trying to make sure you guys all

0:40.4

understand the advantages of it and what you need to have in order to do it well.

0:45.4

That's yes that's the thing. How the heck does one do such a thing. And one of the

0:52.5

things that's good to do is to listen to the masters and you have a chance to

0:57.3

go sit at the master's knee and get get wisdom from a great master of some

1:03.5

something you're studying. You take advantage of that right and so we get to

1:09.3

go sit at Charlie Munger's knee. Charlie just had his annual meeting and he's

1:14.1

98 years old. We don't know how many more of these are gonna get but probably

1:17.5

not an infinite number right. So we take advantage of it and by the way you

1:23.4

can take advantage of it too. It's on YouTube or it's on Yahoo. It's on

1:26.8

somewhere. Where can they find it? Yeah Yahoo finance broadcasted it and so it's

1:32.6

on YouTube. If you just put in Munger daily journal 2022 it'll come up and

1:40.9

there are also transcripts all over the internet. If you put in transcript

1:45.7

people have transcribed it already. So it's it's really nice to just as you

1:51.6

said listen to the master even though in general like both he and Buffett

1:57.2

say a lot of the same stuff every year at their annual meetings I think it's

...

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