Ronit Pereira
@CAronitpereira
CA | Rare Insights Daily | Reading | Unserious | Views Personal
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“It’s much more fun to watch somebody you like and admire succeeding than watching some jerk kind of half mismanage some company that’s very cheap.”
“It’s crazy if you’re rich to deliberately go out and do a lot of unpleasant things you don’t have to.”
- Charlie Munger
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In 2012, Warren and Charlie spoke on Google (Alphabet) business:
Warren: “Google and Apple are extraordinary companies obviously. They earn fantastic returns on capital and look tough to dislodge.”
“I wouldn’t be surprised if they’re worth much more in 10 years, but I wouldn’t bet on it.”
Charlie : “I can fairly say that other people will better understand them better than we do.”
“We have the reverse of an edge and we’re not looking for that.” 😂
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In 2023, Warren Buffett and Charlie Munger spoke on Artificial Intelligence:
Charlie : “I’m personally sceptical of some of the hype that’s gone into artificial intelligence.”
“I think old-fashioned intelligence works pretty well.” 😂
Warren : “When something can do all kinds of things, I get a bit worried.”
“We did invent the atom bomb for a good reason in World War II, but is it good for next 200 years ?”
“Artificial Intelligence can change everything in the world except for how humans think and behave.”
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In 2008, Charlie Munger made Warren Buffett invest in a Chinese EV company - BYD.
Berkshire got 10% stake for $225 Million which they sold at a neat profit of $10 Billion in 2025.
Here’s Charlie speaking about Wang Chuanfu, founder of BYD:
"Wang Chuanfu is a genius. He doesn't speak english and has got 230,000 Chinese employees, and you can't believe what those young Chinese girls can do....whoosh whoosh whoosh."😂
"He was the 8th son of a peasant that creates a little company all by himself, he learns whole new technologies. So, partly I'm betting on the horsemen in this case."
-Charlie Munger. 2017. Daily Journal Meeting.
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In 2009, Berkshire Hathaway share was down 50% from it’s peak.
Charlie Munger was asked about how he felt about this. Listen to his Cold Blooded answer 🥶
Reporter: “How worried are you by the 50% decline in the Berkshire Hathaway share?”
Charlie: “Zero. This is the 3rd time that Warren and I have seen our stock holdings fall by 50% or more.”
“In fact, you should react with equanimity to market price decline of 50% or more in your portfolio at-least 2-3 times a century.”
“If you don’t, you’re not fit to be a common shareholder and you deserve the mediocre results you’re going to get. 🔥
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“We invested in Gillette because of its 100 years of dominance in Razors and blades business.”
“Also, every night, hair grows on billions of men’s faces and twice as many on women’s legs. But I try not to think too much about women’s legs at night.” 😂
- Warren Buffett. 2006
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In 2000, 36 yr old Jeff Bezos spoke about Space Exploration:
“If I could do anything, I’d go explore space. Who knows 20 years from now, due to technology, such things will be easy.”
- Jeff Bezos.
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Charlie Munger explains Private Equity and Investment Bankers with an example of a dumb Horse 😂
“Man goes to a Vet complaining about his horse who gets vicious sometimes. The Vet replies: The next time horse behaves well…sell it.”
“That’s how private equity works.”
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