Ronit Pereira
@CAronitpereira • 15,479 subscribers
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Remember what Warren Buffett once said: “Never ask a barber if you need a haircut.”
Ronit Pereira8,011,035 Aufrufe • vor 3 Tagen
Shankar Sharma on retail investors: “Equity markets are meant for big boys and professionals, they’re not meant for Mr. Joe on the street (retail investors).” “Best you can make 10-12%, those days are also in the hindsight. Add taxes on that and you cannot even beat FD returns.” “I have never advised my relatives or friends or even my own sister to invest in equity directly and today they thank me.” 😅 - src: NDTV Profit. June 2026
Ronit Pereira510,941 Aufrufe • vor 1 Tag
Charlie Munger on the origins of Chinese-Americans 🇺🇸 🇨🇳 “The Chinese first came in USA trying to build the Sierra, trans-continental railroad in the winter.” “Our people were dying and it was just impossible, so they brought in 50,000 Chinese coolies, who were in those days practically slaves.” “They took the coolies in the mountains and said - you build the railroads and they did it! The Americans couldn’t do it by themselves.” “Fade in fade out 150 years later, due to immigration, these asians have rapidly become Doctors, Lawyers, Businessmen and succeeded mightily.” “Every instrument that’s hard to play in symphony orchestra, is played by a Chinese face.” - Charlie Munger. 2019
Ronit Pereira470,541 Aufrufe • vor 5 Tagen
Charlie Munger on investing in Real Estate in USA: "Those Patels from India who own all the Motels in USA, they live in the goddamn motel." “They pay no income taxes, don't pay much workers' compensation...and you want to compete with them?…Not I.” “Every dime they get, they fix the thing and buy another motel. I don't want to compete with them" 🥶 "So, in real estate, you got all those bullshitters and liars, so it's not a bit easy if you're starting out." "And you've got people who love real estate like Asians, Hacidic Jews, they're smart people and they know the tricks." - Charlie Munger. 2017
Ronit Pereira1,344,930 Aufrufe • vor 14 Tagen
Remember when Rakesh Jhunjhunwala bashed Prabhu Chawla for his remarks : ‘Poor have become poorer in India’ 😂 “Which poor person has become poor? My servant has a bank account now, he has a passport. He sends his money to his family in village.” “10 years ago, he used to spend Rs. 200 to transfer Rs. 10,000 and it took 7 days, now he transfers money in half hour. He has got mobile phone, he can speak on video call with his children.” “Earlier we used to beg from USA for wheat, today we are producing wheat in surplus.” - Rakesh Jhunjhunwala. 2021
Ronit Pereira570,305 Aufrufe • vor 7 Tagen
“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
Ronit Pereira1,194,756 Aufrufe • vor 17 Tagen
The sheep spends its whole life fearing the wolf, only to be eaten by the shepherd
Ronit Pereira344,204 Aufrufe • vor 8 Tagen
Rajesh Mehta, owner of Rajesh Exports who got caught by SEBI had some fake lessons he shared with Vivek Bindra 😂 1. It’s more important to make the Business successful rather than making personal success - We understand this now sir ji 😭 2. Never let success go to your head, Always stay grounded - Just like the share price will look in a few days 😭 3. Doesn’t own a Mercedes, I drive an Innova - Looking at the cash flows now, Innova itself was a luxury 😭 Important lesson for retail investors: Exercise stewardship before believing any promoters. May god bless the 20% public investors still invested in this stock.
Ronit Pereira208,523 Aufrufe • vor 6 Tagen
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. 🔥
Ronit Pereira585,668 Aufrufe • vor 17 Tagen
Warren Buffett reveals why he hasn’t bought an IPO since 1955. “Neither I or Charlie have ever bought an IPO since 1955, it was the Ford Motors IPO. I took a free ride on 100 shares and made 500 dollars on it.”😂 On missing Google and Amazon IPOs: “There can be many such situations, there was a pair of dice in dessert inn long time ago.” “So you can go around making dumb bets and win, but you shouldn’t take it as a lifetime policy though.” 😂 - Warren Buffett on Lyft IPO of 2019. Lyft is down 85% since then 📉
Ronit Pereira325,433 Aufrufe • vor 11 Tagen
In 1999, Warren and Charlie were asked how did they feel being so Rich. Charlie Munger: “Some people get it wrong …I play golf with a guy who says - ‘What good is Health, if you can’t buy money with it.” 😂 Warren Buffett: “There’s no difference between how I and a college student lives, I certainly eat the same food as they do, I can guarantee you that.” “I watch the same super bowl, I’ve got AC in summers and heaters in winters like most of you do. Only difference is in the way I travel - that’s Net Jets.” 😂 Best duo standup comedians.
Ronit Pereira394,932 Aufrufe • vor 15 Tagen
Warren Buffett on Charlie Munger’s hearing problem “I stood across the room and said - Charlie, we should buy General Motors at $35. No reaction.” “Got closer and repeated it. Not a flicker.” “Finally I shouted in his ear and Charlie replied - For the 3rd time, Yes.” 😂
Ronit Pereira866,305 Aufrufe • vor 1 Monat
Charlie Munger’s story on Crashing Plane. “A plane was crash landing due to engine failure. The pilot announced - Those who can swim, go to the right wing, there’s an island two miles away.” “Those who can’t swim, go to the left wing…and Thank you for flying Air Italia.”😂
Ronit Pereira616,138 Aufrufe • vor 1 Monat
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.”
Ronit Pereira575,804 Aufrufe • vor 1 Monat
“Kids of Indian billionaires are making fancy ice-creams and cookies and call themselves startups.” “There’s growth in Semiconductors and AI, what do Indians want to do, sell ice-creams or chips?” - Piyush Goyal. April 2025. And now we have Vantara Ice-creams by Ambanis 🤷🏻♂️
Ronit Pereira429,923 Aufrufe • vor 29 Tagen
Vijay Kedia on investing in US Markets: “USA is not a market for common investors, it’s a myth and fashion now.” “You don’t understand Indian markets properly, how will you understand US markets?” “Already there’s so much of euphoria and you don’t know what these companies are making, to whom are they selling.” “That’s a euphoric market now, those markets in different game now.” - Vijay Kedia. May 2026. Src: NDTC Profit
Ronit Pereira177,211 Aufrufe • vor 15 Tagen
