Ronit Pereira
@CAronitpereira • 20,141 subscribers
CA | Rare Insights Daily | Reading | Unserious | Views Personal
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Remember what Warren Buffett once said: “Never ask a barber if you need a haircut.”
Ronit Pereira8,313,696 views • 4 months ago
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 Pereira1,348,760 views • 5 months ago
“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 Pereira1,196,070 views • 5 months ago
His name is Amitabh Bachchan. In 1999, he faced severe financial crisis and near-bankruptcy at the age of 57. > His savings were completely depleted, his film career was declining, and he was burdened with immense personal debt. > The downfall began when his entertainment company, Amitabh Bachchan Corporation Limited (ABCL), collapsed after failing at film production and event management. > Because he had signed personal guarantees for the loans, he became personally liable for a debt of nearly Rs. 90 crore (~ 400 Crores today, adjusted for inflation) > His bank accounts were frozen by the authorities, legal notices piled up daily, and the Bombay High Court legally restrained him from selling his houses. > To survive the immense mental strain, he relied heavily on the practical philosophy of his father, Harivansh Rai Bachchan, who taught him that struggle is a constant part of life and that when personal plans fail, a higher force is at work. > Motivated to take action, Amitabh walked to director Yash Chopra’s house, admitted his financial situation, and requested work, which led to a supporting role in the blockbuster film- Mohabbatein. > Simultaneously, he ignored industry warnings that television would ruin his movie star status and signed on to host the game show Kaun Banega Crorepati (KBC) in 2000. > The show became a massive commercial success, allowing him to secure lucrative brand endorsements, pay back all his creditors over the next few years, and fully clear his debt. > Today, his net worth is estimated at around Rs. 1,600 crore ($180 Million). 🔥 In his own words : “Nothing in this world is achieved without pain, hard work, sweat, blood and tears.” Video src: Star World. vir sanghvi
Ronit Pereira386,561 views • 1 month ago
“When I die, I’ll tell god…Let me get up at 7am, do yoga, do breakfast, lit a cigarette.” “Then I’ll go in share bazaar and do de phata phat le phata phat (Trading). Then at 4pm Utpal will come and say…see bhaiya in this company there’s dynamic change, I’ll invest some money.” “At 7pm I’ll got to Geoffrey’s and have a drink, then eat home cooked food…and then tell god to take me with him.” 😆 - Late Rakesh Jhunjhunwala. 2015.
Ronit Pereira433,235 views • 2 months ago
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 Pereira867,256 views • 5 months ago
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 Pereira585,558 views • 4 months ago
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 Pereira572,296 views • 4 months ago
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 Pereira587,773 views • 5 months ago
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 Pereira616,448 views • 5 months ago
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 Pereira593,383 views • 5 months ago
The Rise of Chinese girls in America. In 2018, Charlie Munger explained why Americans have so many adopted Chinese Girls. “Every American private school is full of the discarded Chinese girls and they're getting all A's and winning prizes” Charlie explains why this happened: “Because there was so much poverty in China and it was so overpopulated, if an American couple who had no child of their own, they could go to China and adopt a poor Chinese girl.” He makes a very important point: “So in every important city of America, people soon learned that they got better babies by taking the unwanted Chinese girls from the Chinese farms. Those babies on average worked out better than if they had their own children. So everyone wanted a Chinese girl." Charlie explained how they are winning in America: "Every American private school is full of the discarded Chinese girls and they're getting all A's and winning prizes. They're spectacularly successful. You go to Minnesota and see these Chinese girls, they're playing the difficult instruments in the orchestra."
Ronit Pereira675,191 views • 6 months ago
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 Pereira477,103 views • 4 months ago
“After September 2001 attacks in USA, I took a debt of Rs. 50 Crores on my portfolio of Rs. 375 Crores. Normally I had 4-5% debt in portfolio.” “I had biggest bet on public sector units. Bharat electronics went from Rs. 25 to Rs. 1,600. BEML went from Rs. 20 to Rs. 1500.” “So god was extremely kind to me. I was the right person at the right time with the right attitude.” - Late Rakesh Jhunjhunwala
Ronit Pereira182,207 views • 1 month ago