Collection: Charlie Munger - #45 'Where To Invest Besides China?'



[Transcript]

AUDIENCE MEMBER 00:08

You speak about the importance of fishing in waters with ample fish. If you were starting out today, what sea would you be fishing in, other than China of course.


CHARLIE MUNGER 00:20

Well other than China, but – if there’s one good place in the world that’s more than my share. There are others I’m sure, but it’s hard for me to believe that any can get better for the Mungers than China. So I can’t help you. I’ve solved my problem. You’ll have to solve yours.


By the way, the water’s fine in China. And some very smart people are wading in. And in due course I think more will wade in. The great companies of China are cheaper than the great companies of the United States.


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

 

[YAPSS Takeaway]

Where to invest besides China?

Answer: China😂, because the great companies in China are cheaper than the great companies in US.