Charlie Munger’s BEST Quotes on China vs US
By Joel Wong
Charlie Munger was a most successful American investor, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett (considered the greatest investor of the 20th century). Munger was credited as being the architect of Berkshire Hathaway’s business philosophy.
This video was posted on YouTube by BordersLess Asia, a social media account or platform focused on providing insights and content related to various aspects of Asia with an emphasis on economic, cultural, or geopolitical matters. The video features Charlie Munger’s thoughts on China, US-China relations, and investment topics, particularly focusing on his perspectives on China’s economic growth, government policies, and the investment potential in Chinese companies like BYD.
Key Takeaways
- Munger admires China’s rapid development and cohesive government approach.
- He lauds his investment in BYD as his best ever, with a $270,000 investment growing to about $8-9 billion, emphasizing China’s investment potential.
- Munger criticizes US arrogance towards China and advocates for better relations between the two nations.
- The investor emphasizes the benefits of investing in Chinese companies over US counterparts, citing value and enterprise strength.
- He notes the differences in governmental approaches between the US and China, highlighting the advantages of stability in the Chinese system.
- Munger’s views reflect a pragmatic outlook on the evolving dynamics between the US and China, emphasizing the necessity of cooperation and free trade.
- His comments highlight the wisdom in evaluating and understanding China’s unique economic and political landscape for successful investment strategies.
Regarding Deng Xiaoping, Charlie Munger expressed high regard for the former Chinese leader. “I think Deng Xiaoping is going to go down as one of the greatest leaders that any nation ever had because he had to give up his own ideology to do something else that worked better. My hat is off to the Chinese.”