Collection: Charlie Munger - #40 'Intellectual Property'


Video Link: https://youtu.be/uHQbBl9XRVA


In this episode, Charlie Munger was asked is there a better way to share intellectual property across nations, especially in the case of Huawei, is there better legal framework to handle intellectual properties?


In this episode, you’ll learn:

  • What is Charlie Munger thoughts on intellectual property?

  • What is Charlie Munger comments on Chinese stealing intellectual property?

To check out all Collection: Charlie Munger <click here>

[Transcript]

(Source: https://youtu.be/X1Oi3esiry8)

AUDIENCE MEMBER 00:08

My question is about the intellectual property because you are a lawyer by training. Given the complicated landscape in this field, is there a better way to share intellectual property across nations, especially in the case of Huawei, is there better legal framework to handle intellectual properties? Thank you.


CHARLIE MUNGER 00:31

Well you know, I don’t know that much about the world of intellectual property. I made my way in insurance, and furniture stores, and little legal newspapers and so on.


So other people are good at intellectual property. I’m good at avoiding subjects which I’m not good at. And one of them is intellectual property. I’m not surprised that the Chinese are stealing a little intellectual property.


We Americans did it all the time. We stole Dicken’s work. We just reprinted his copyrighted stuff. We stole the technology from the English textile manufacturers. It isn’t as though people haven’t been pretty aggressive about wanting to know other people’s ideas. This is an old problem.


I do think that allowing intellectual property to have these profits is desirable. But the exact complexities of how you handle it, I don’t spend much time thinking about.

  • Facebook Social Icon
  • YouTube

Like & Follow YAPSS social media page to get notify on the latest update.

Disclaimers: YAPSS/YAPSS.com is not managed by a registered investment advisor or a broker/dealer. Information from YAPSS/YAPSS.com and any content posted by YAPSS/YAPSS.com is for entertainment & education purposes only and not a buy or sell of security recommendation. In no event shall YAPSS/YAPSS.com be liable to any damages arising out from the use of YAPSS/YAPSS.com content or material published or available on YAPSS/YAPSS.com. Lastly, YAPSS/YAPSS.com is in no way guaranteed for accuracy or completeness of published information and hence, please do your own due diligence.

©2020 by YAPSS. All Right Reserved.