watch and here's the problem the haters they don't ever spend the time to really understand it charlie munger says it's like trading in harvested dead baby brains. after what you talking about but he spent no time on it because it's not in his interest to spend time because 47 percent of berkshire hathaway is in financial services which will be disrupted are being disrupted by these protocols and by the development cycle because a point made earlier in a previous up of the market is driving the economy not the other way around those who are successful the market become demagogues yes and so a charlie munger is seen as the voice of god oh yes in this economy in america anyway are our religion is wall street we pay lip service to the other religions as long as their prosperity based look at this some of these other religions are if they're now based on prosperity yes it's like buy more dow stock so there's they're being underwritten by wall street not. him and the be underwritten by wall street but the requirement is that then you contribute back to the kleptocrats at the top. hey i think we di

they're not married to it, as charlie munger said, they're divorced now.newspapers have struggled, we know that, but berkshire or's stock inching higher about a quarter of a percent, look at the iowa-based lee enterprise company shooting for the stars. it's up 64%. earlier it was up 82%. it is just a $2.07 stock, but at the moment investors like it. >>> let's go back out to the federal reserve. edward lawrence was in the room during the news conference. he just with jumped in front of our cameras. >> reporter: yeah. outside of the coronavirus, there was three big financial news items that came out of this. want to talk about the balance sheet. jay powell says they don't want the balance sheet to go below 1.5 trillion, that's the bottom line, and have it good fluctuatp and down to stabilize the overnight repo market. the second thing is inflation. he wants to make sure that inflation gets back to the 2% level. he said pce is running about 1.5%, and he is not satisfied with inflation being that low. he's also said they made a change in the fomc's statement t

in digital form because because understand your point and spend time on the same reason that charlie munger warren buffett says its writer peter schiff well here's a whole different animal peter is going to go down with his bullion ship you know to bottom of the ocean like a spanish galleon because he's just stubborn right he actually came on pumps web i mean i talked to as i tried to pierce it to my pick on a 10 dollars exam his house in connecticut i 1st missed day and he's like allergic to this anyway i got to go take a break come back thank you for being on this segment thank you that's going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you want to read just on twitter it's guys reported on exxon by. join me every thursday on the alex i'm unsure and i'll be speaking to yes of the world of politics or business i'm show business i'll see you then. trade and investment to become magic spells to economic development. most people think about trade they think about goods and services being exchanged between co

economy not the other way around those who are successful the market become demagogues yes and so a charlie munger is seen as the voice of god oh yes in this economy in america anyway our religion is wall street we pay lip service to the other religions as long as their prosperity based look at the some of these other relations if they're now based on prosperity yes it's like buy more dow stock so there's they're being underwritten by wall street not him and the be underwritten by wall street but the requirement is that then you contribute back to the kleptocrats at the top . hey i think we differ a little bit on one stock tesla oh ok you're thinking it's overblown and value yeah but look let me give you my point here quickly because you're comparing it to volkswagen 40 got to compare it to apple. great mosque sells cars like jobs sells hardware and phones and software back in the day apple compared tesla compared to apple's cheap compared a volkswagen it's expensive but that's not you know comparative all trying and i'm almost there and here we could talk about it more it's a car right i travel a

digital form because because you understand it your point is spend time on the same reason that charlie munger warren buffett says it's ready to ship well here's a whole different animal right peter is going to go down with his bullion ship you know to bottom of the ocean like a spanish galleon because he's just stubborn right he actually came on pumps web i mean you know i talk and i try to pierce it by pick on a 10 dollars exam his house in connecticut i 1st missed day and he's like allergic to this he's anyway got to go take a break come back thank you for being on this segment thank you that's going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can reach us on twitter it's cause report until next. i actually don't think monopolies per se are the problem it's monopolistic access. to credit or to politicians and probably both but the crony financial isn't crony capitalism that's the big problem last couple. of this is still one business show you can't afford to miss i've been to one and i'm christiane wash

digital form because when because you understand your point and spend time on the same reason that charlie munger warren buffett says it's right and peter schiff well here's a whole different animal right peter is going to go down with his bullion ship you know to the bottom of the ocean like a spanish galleon because he's just stubborn right he actually came on pomps web i mean how i talk and i try to peterson to my pick when it's on dollars exam his house in connecticut i 1st miss day and he's like allergic to this he's i mean i've got to go take a break come back thank you for being on this segment thank you that's going to do for this edition of the kaiser for with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can resist on twitter it's guys are important. trade and investment to become metrics bills to come to economic development. most people think about trade they think about the goods and services being exchanged between countries and the investor a chapter of a trade agreement is a post something very different but won't when investment leads to toxi

digital form because one because i understand your point is spend time on the same reason that charlie munger warren buffett says it's right and peter ship well here's a whole different animal right peter is going to go down with his bullion ship you know to the bottom of the ocean like a spanish galleon because he's just stubborn right he actually came on pomps web i mean i try to appear set to my pick when it's on dollars exam his house in connecticut i 1st miss de and he's like allergic to this he's anyway got to go take a break come back thank you for me on this i cannot thank you that's going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can resist on twitter it's guys are important on the. show seemed wrong. but all just don't. get me if you get to shape out these days become educated and gain from it because the trail. when something find themselves worlds apart. just of the common ground. greetings and salutation is as we all know by now truth is and will always be the very 1st casualty of war but c