In this eye-opening video, Becky Quick interviews Charlie Munger, discussing the concept of "diworsification" and the key considerations when selecting a single stock for long-term investment. Charlie Munger also shares his wisdom on why he considers S&P 500 Index Fund to be the best investment for the majority of people and why it is hard to outperform the stock market.

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► Video Transcript & YAPSS Takeaway:
https://www.yapss.com/post/charlie-munger-why-most-people-should-invest-in-s-p-500-index-collection-charlie-munger-298
This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2023.
► Full Video: https://www.youtube.com/live/9VVPO3KWj3A?feature=share

☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

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Charlie Munger: Why Most People Should Invest In S&P 500 Index | Daily Journal 2023 【C:C.M 298】