Munger Critiques China, India; Tells Trump Haters ‘Roll With It’

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#1
Munger Critiques China, India; Tells Trump Haters ‘Roll With It’

by Noah Buhayar , Sonali Basak , and Lisa Du
February 16, 2017, 6:34 AM GMT+8

...

"India is grossly defective because they took the worst aspects of our culture, allowing a bunch of idiots to scream and stop everything. And they copied it,” Munger said. “They’ve taken the worst aspects of democracy.” He said the Indians he knows are “fabulous people” but that the country struggles with corruption.

"The Chinese government really tries to help its companies," Munger said, contrasting that with India. “What I like about China is they have some companies that are very strong and still selling at low prices. And the Chinese are formidable workers and they make wonderful employees.”

Still, for Munger, there is that issue with gambling.

“They actually believe in luck,” he said. “That is stupid. You want to believe in odds.”

More details in https://www.bloomberg.com/news/articles/...ll-with-it
Specuvestor: Asset - Business - Structure.
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#2
The recording of the annual meeting is available here :
(There is mention of singapore at 1:29:00)

https://www.youtube.com/watch?v=BLctqhNClqY

CNBC also recorded the meeting but not sure when CNBC will broadcast it.
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#3
(21-02-2017, 08:44 PM)wsreader Wrote: The recording of the annual meeting is available here :
(There is mention of singapore at 1:29:00)

https://www.youtube.com/watch?v=BLctqhNClqY

CNBC also recorded the meeting but not sure when CNBC will broadcast it.

Thank you wsreader for posting this. Anything by Charlie Munger is gold and this is like the highest grade of GOLD. Gives me a lump in my throat when I hear Munger say he has two busts of people he admires most. One is Benjamin Franklin the other is Lee Kuan Yew. And his brutally frank and concise comments are so refreshing to hear.

At 1:41 is when I smell opportunity. Munger specifically says there are great undervalued public listed companies in China, better entrenched with great potential. He would much rather buy such Chinese companies rather than the USA.

Million dollar question. Which are these stocks? I think I'd start digging among H shares.
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