TIP147: Billionaire Charlie Munger and the Daily Journal (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
Navigating the Future of Payment Systems
This chapter explores the uncertainties in the evolution of payment technologies, focusing on the challenges faced by major companies like American Express and IBM. It also examines Charlie Munger's skeptical insights on investments in IBM, contrasting them with more optimistic views on other ventures like Coca-Cola.
IN THIS EPISODE, YOU’LL LEARN:
- What would happen if we all bought index funds.
- What the future holds for money managers.
- Why it would be delusional to think you understand the future of payment systems.
- Why you need to earn the right to become rich.
- Whether you should invest through a partnership or a holding company.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Hari’s notes on the DJCO annual meeting 2017 .
- Hari’s Blog: BitsBusiness.com.
- Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book.
- Ed Thorp’s book, A Man for All Markets.
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