Ronit Pereira
@CAronitpereira • 17,179 subscribers
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Remember what Warren Buffett once said: “Never ask a barber if you need a haircut.”
Ronit Pereira8,237,466 Aufrufe • vor 1 Monat
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 Pereira1,347,177 Aufrufe • vor 1 Monat
“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 Pereira1,195,763 Aufrufe • vor 2 Monaten
“Abraham Lincoln was the child of 2 illiterates.” “But his stepmother, whom his father married in desperation to help raise the children, saw Abraham was a bookish person and she helped him all the way long.” “I’m going to donate a picture of that stepmother to a place because I admire what she accomplished in her life.”🙌🏻 “Imagine being responsible more than any other person for the life of Abraham Lincoln.” - Charlie Munger. 2019.
Ronit Pereira302,628 Aufrufe • vor 19 Tagen
Charlie Munger and Warren Buffett on Ethanol blending in Petrol: “Ethanol blending is a very stupid way to try and solve an energy problem.” “It takes more fossil fuel energy to create ethanol than you can get out of ethanol you’ve created.” - Charlie Munger. 2006.
Ronit Pereira264,539 Aufrufe • vor 21 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 Pereira583,901 Aufrufe • vor 1 Monat
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 Pereira571,706 Aufrufe • vor 1 Monat
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 Pereira866,373 Aufrufe • vor 2 Monaten
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 Pereira476,333 Aufrufe • vor 1 Monat
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 Pereira586,639 Aufrufe • vor 2 Monaten
“I come from a Agarwal Marwadi family, and we are used to say vyaj (interest rate) 16%, 17%. It’s my heritage.” “Warren Buffett’s compounding and Marwadi ka compounding is the same. Increase your principal amount every year, try not to lose principal and even if you make small returns, it is fine.” - Rakesh Jhunjhunwala. 2009
Ronit Pereira170,155 Aufrufe • vor 20 Tagen
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 Pereira616,337 Aufrufe • vor 2 Monaten
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 Pereira576,872 Aufrufe • vor 2 Monaten
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 Pereira395,385 Aufrufe • vor 1 Monat
The sheep spends its whole life fearing the wolf, only to be eaten by the shepherd
Ronit Pereira344,204 Aufrufe • vor 1 Monat