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Charlie Munger: The Strongest Companies In The World Are In China, Not America

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“Chinese companies are stronger than ours,” Munger said in an annual address.

Nati Harnik/ASSOCIATED PRESSFamed investor Charlie Munger, vice chairman at Berkshire Hathaway and longtime business partner of Warren Buffett, shared his investing wisdom at an annual address on Wednesday, speaking on a variety of topics including China and explains why he’d never buy Tesla.

With the 2020 election drawing ever closer, Munger also raised concern over the state of U.S. politics, calling it “weirdly awful” because of the “excesses of hatred you see everywhere.”

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1) Doubt it. 2) Some, with the approval of the Communist government 3) The history of Communism is that it cannot successfully operate a profit making enterprise, so must allow Capitalist enterprises to keep their country going.

Obviously. The PRC is in itself a corporation at this point, only rivalled by Aramco

?

Warren will soon be relocating and be known as.. The Oracle of Shanghai - Charlie Munger of Berkshire Hathaway: The Strongest Companies In The World Are In China, Not America

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Stock market live updates: Dow up 200, Charlie Munger comments on Tesla and moreStock market live updates: “I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said. .....ok then. Probably same reason these guys didn’t buy Google and now regret it He's protected with subsidies so I'm not impressed.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stock market live updates: Dow up 200, Charlie Munger comments on Tesla and moreStock market live updates: “I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said. .....ok then. Probably same reason these guys didn’t buy Google and now regret it He's protected with subsidies so I'm not impressed.
Källa: CNBC - 🏆 12. / 72 Läs mer »