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Charlie Munger Interview on BBC: Comment On Future of Berkshire Hathaway, Coca Cola

January 17, 2010 | About:
I found an interesting video of an interview with Charlie Munger on BBC late last year. He talks about several different topics. The topics include the future of Berkshire Hathaway, his opinion on Alan Greenspan and the ideology that lead to the current financial crisis.

Below are the full list of topics Charlie Munger discusses in the interview.

Berkshire Hathaway Stock Decline

He was asked if he was concerned about the decline in Berkshire Hathaway’s stock price. He responded that the decline does not concern him at all, and it is natural to happen in long term investing and investor must be prepared for this.

Free Markets

Munger states that America had an ideology that went too far in the free market ideology. He states that there needs to be restraint in markets. He blames both parties for having extremists, and states that when the center rules that is the best for the country. Munger likens the US economy during the bubble to someone on heroin.

Alan Greenspan

Munger admires Greenspan for taking the blame for what he did to the economy.

Wall Street Culture

Munger believes that Wall Street has a “locker room culture” that feels they must always win.

On Investing

Munger states that he looks for businesses with a durable advantage and a management with “integrity and talent”. In addition the price must make sense to provide a margin of safety. He states the reason his ideas are not widespread is that they are “too simple”.

On Coca Cola

Munger states that when Coke was bought it was succeeding well and was cheap. He thinks the stock was too cheaply priced. Munger states that a third of the volume trading for months was by Berkshire’s buying.

On Future of Berkshire Hathaway

Munger sometimes only speaks to Buffett once a week. He sees a bright future for Berkshire even after him and Warren Buffett are gone. He thinks that since his successors will start in a great position that will be able to help them.

Below is the video:




About the author:

Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

Visit Jacob Wolinsky's Website


Rating: 4.2/5 (25 votes)

Comments

Evan
Evan - 4 years ago
This is one of the best interviews I have seenw ith him.
berkshirefan
Berkshirefan - 4 years ago
i love charlie, but i think he should have removed the huge booger from his left nostral either before, or perhaps live during, the interview. that would have entertained me.
davethebooker
Davethebooker - 4 years ago
This is truely and amazing interview. Charlie speaks from his heart. He is honest , has intergrity and is a hard worker. He is also exceedingly smarter than myself. So I am just going to hope I can absorb his knowledge and understand how to apply it to my portfolios.

Make no mistake this is one tough and smart cookie. Charlie Munger deserves all the respect I can muster.......He is truely a leader and a guy who silently runs one of the greatest american compainies ever with his friend .

I am not worthy.... I am not worthy...But I will be damned if while not worthy I concentrate by focusing on every word this man has to say.

Maybe just maybe I might understand what he is saying.

Then again even if I dont at least I tried.

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