Collection: Charlie Munger - #49 'Apple Inc.'


Video Link: https://youtu.be/IWLMG1F7Ko8


In this episode, Charlie Munger was asked to comment on Apple Inc.


In this episode, you’ll learn:

  • What Charlie Munger knows about Apple Inc?

  • Charlie Munger's problem solving technique.

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

[Transcript]

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

AUDIENCE MEMBER 00:08

You mentioned that in an interview with CNBC on May 2018, Berkshire too restrained on buying more Apple stock. Do you still believe so? Do you have any new comments on –


CHARLIE MUNGER 00:22

Berkshire is what?


AUDIENCE MEMBER 00:24

Berkshire is too restrained on buying more Apple stock.


CHARLIE MUNGER 00:29

Its own stock you mean?


AUDIENCE MEMBER 00:31

Apple.


CHARLIE MUNGER 00:32

Apple, oh Apple, oh.


AUDIENCE MEMBER 00:33

Yeah, do you still believe so? And do you have any more comments, new comments on Apple?


CHARLIE MUNGER 00:39

No I don’t. I don’t think the world would be improved by more comments from me on Apple. (Laughter) You know, I’m a very opinionated man and I know a lot, but I don’t know everything. I like Apple but I don’t have the feeling that I’m the big expert.


AUDIENCE MEMBER 01:02

Good morning, Mr.Munger. My name is JC. I am 11 years old and I come from China. My question is also about –


CHARLIE MUNGER 01:10

You're truly welcome here.


AUDIENCE MEMBER 01:13

My question is also about Apple. So last year you said that you wish you had more of Apple stock, but now its price has declined by a lot, so what is your opinion about its moat or the competitive advantage. Why do you think it has declined? Thank you very much.


CHARLIE MUNGER 01:34

Well I don’t know why Apple stock is going up or down. I know enough about it so I admire the place, but I don’t know enough to have any big opinion about why it’s going up and down recently. Part of our secret is that we don’t attempt to know a lot of things. I have a pile on my desk that solves most of my problems, it’s called the ‘too hard’ pile. And I just keep shifting things to ‘too hard’ pile. And every once in a while an easy decision comes along and I make it. That’s my system. Everything was the ‘too hard’ pile, except for a few easy decisions which I make, promptly.

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