. >> announcer: coming up, charlie munger had praise for this stock. buying it in bulk. cramer has everything you need to know, next. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. >>> it is about time somebody big in finance finally gave costco its due recognizing it is as the shoppers finance that is run right and flies straight what makes it even better that is this craze came from none other than charlie munger, the partner of warren buffett at berkshire hathaway and why, the 97-year-old munger had a lot to say about the current stock market calling it crazier than the dotcom boom and you saw what happened today some were too high and he lashed out against cryptocurrency and saying, and i quote, it should never

lauren: tell me why you think charlie munger is kid wrong. >> because he's old and boring.etter answer than that. lauren: do you think he just doesn't understand this stuff? and i don't say that to be the ageist. the more people you talk to, it seems like the younger generation just gets it more. >> yeah. it's just like, you know, e-mail in the early 2000s, it was something that was not very easy to use and, of course, older people didn't really get the point and and wanted to use, you know, normal postcards still. it's always that case that the w generation uses new technology and ultimately the better technology will win, and i think that all the bitcoin players, they are already capitulating one by one, but at the very end of i would say within, like, 10 is, 20 years i don't think we will see any more bitcoin bears because bitcoin will be fully integrated in our lives, potentially even our reserve currency. so, i mean, it would be very -- [inaudible] lauren: charlie munger can certainly e-mail, i just want to point that out. but i want to alert our viewers to micro strat

i want to start with something i read this morning with charlie munger.era -- than the dot.com era. this is a million miles higher than it was in 2000. but the conundrum, of course, has been stocks with the highest price to sales ratio, all those big names in red have also become the safe haven names that we all kind of graf anticipate concern gravitate to. so do you buy the microsofts and the apples of the world in this type of environment or these weak names that are getting beaten up? >> i think you've got to be forward thinking in this market, charles. no disrespect to charlie munger or warren buffett, but if you're using some of these kind of benjamin graham meth cogs, this hasn't worked in a decade. congratulations on raising such a fine young man. i see now, charles, you're looking at things like the nfts, the metaverse. the growth, when you look out five, ten years in that sector is going to be the p.m.. that charlie munger philosophy are the same guys in is the -- in 1998 were telling me amazon.com is just books. you can't think like that. charle

billionaire investor charlie munger still isn't a fan he told the australian financial review that he wished they'd never been invented and admired the chinese ban. >>> cases of the omicron variant has been confirmed in at least 38 countries according to the w.h.o. but no fatalities have been reported. european nations saw cases surge over the weekend mostly in theuk, denmark, and france where authorities reported omicron cases tripling in just 48 hours measures have varied across the continent. let's get back to jim o'neil before the break we spoke about china and this move out of the central bank to cut the triple r. they're really bucking the trend of what we're seeing elsewhere from major central banks the federal reserve despite the jitters around the omicron variant has actually stepped up its hawkish rhetoric recently standing much more firmly behind this push to normalize policy. what do you make of what the fed is doing and the seemingly disconnected take that markets have versus what the fed has >> yeah. i find myself thinking over the weekend that maybe it's a sort of mea c

have been crashing down from their recent highs >>> plus, we're talking semis, apparel, and charlie mungern earnings exchange with broadcom, lululemon, and costco all set to report after the bell. we'll bring you the action, the story and how to trade them, arrest head of results >>> here's a quick look at the dow heat map as the major average just turned positive more green than red just by a hair you can see that walgreens is the best performer today boeing the laggard we're back in a moment >> this is "the exchange" on cnbc as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ("jingle bells") ♪ (doors knocking and bells ringing to the music) ♪ - [announcer] this holiday season, give the gift of grubhub. want to save on your home internet? xfinity is proud to support the emergency broadband benefit program. for a limited time, you may be eligible to qualify for a credit of up to $50 a month toward your internet service through this program. that's right! you could qualify for a credit of up to $50 a month

can we talk about what munger said >> i had my spac -- we briefly hit the amex business, using a spacgo public. what i noticed as well, is how many advisers apollo's brought into this deal do we have them? they brought in every single investment bank to advise on this deal. smart. pay a lot of fees, you get a lot of good stuff. >> good coverage >> but the deal itself is a $150 million as a burnout as well the pipe was $335 million, a back stop for redemptions. here it is this is so funny how many people they had advising. i mean, it went on and on. just for a little spac deal. the other spac deal is buzzfeed. they announced their redemptions. remember, this is something i was talking about a few months back, these incredibly high redemption rates, and the trust that they can use. 94% redemption rate, but the stock is up. enfa, that's the spac they're going through public through sometimes we do see a squeeze because there's no shares outstanding anymore, but let's keep an eye on that one as well. it's a good start there. they get the vote, even though 94% who held it said, i want out.

we shouldn't mean british, but also on the munger. here when you are a surely can touch the soft color, but with them center anything that i looked at more people to last me on, but only let them as an awesome look at what gladwell people say. nathan mitchell could, if you're right, bonded with glee, but normally at a go with jason launches any exploit blog. yep. all those ask was there for people to coordinate on what's gonna happen as with a team would play a part shots. but there's a mistake mister bathroom is a bull mush again. wasn't bob, shirley skeletons been tedious and the problem, but i bought a life with the official and the blue bus. so if this is james thought, the instagram e mail that you got that i see with the committee, it's basically a door, a, a for them to prepare a medium size always to, to push the mileage to me. somebody stem cells shameed on the latest lativia talk to style salmon, sedation, a casualty machine to brand the sweet with with the more stuff with both good. okay. so i know what are you? i think i k

sustained by the low income, my grims, and also the contribution of the regiment garment workers munger. this is now a home off a new 1000000 years, not the real contributors behind the development, the struggle to live modest life. so the question is in future, who are the mish will soft in this economy development by inclusive democracy? or it will continue to become and operate in state. but i wanna start looking at a professor on at us ideas as economic development, the gains that bangladesh is seeing that. can it keep it up that certainly, ah, bangladesh sure, would definitely give it up if look at the numbers, the figures, sir, of how we have been reducing poverty ah, over the years, particularly in last year, 12 years so. so the extreme poverty has been brought down for from more than 20 percent to now 10.5 percent. ah, this figure clearly speaks of what we are capable of doing. so there is no doubt in my mind that we would continue this journey and we would definitely be able to keep this momentum. and this would be a sustainable development for all of us. and ah, if you look at

here on munger square, the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic with i have elected by i love bethlehem. i love coming here later. it's the 1st i know actually the 2nd time i've been during the holidays last year with corona, it was impossible. i said this year i'd come with my friend lemonade had that issue . might have been this mega span. it's great to be here. oh, i'm quite surprised. there are so many decorations, stickle, because i didn't expect much ashlynn the that the money marked in the field. once again, this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners with few exceptions, for at least 4 weeks because of all me gone, most visitors foby are up, is re lease and glucose palestinians. global situation is not so rude. rehab, news about these a new vaviante over covey 19. but despite these bad news, we hope that makes whose town would be possible for the figures to comp

season. christmas in bethlehem with the palestinian town, with ert as the birthplace of jesus here on munger. square, the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic with i have elected by i love bethlehem. i love coming here later. it's the 1st i know actually the 2nd time i've been during the holidays last year with corona, it was impossible. i said this year i'd come with my friend lemonade had that issue . might have been this mega span. it's great to be here. oh, i'm quite surprised. there was so many decorations stickler because i didn't expect much ashlynn the that the money marked in the field. once again, this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners with few exceptions, for at least 4 weeks because of all me gone, most visitors foby are up, is re lease and glucose palestinians. global situation is not so good. we heard about news about these a new vaviante over covey 19. but despite of these bad news, we h

here on munger. square, the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic with i have elected by i love bethlehem. i love coming here later. it's the 1st i know actually the 2nd time i've been during the holidays last year with corona, it was impossible. i said this year i'd come with my friends lemonade had that issue. might have been this mega span, it's great to be here. oh, i'm quite surprised. there are so many decorations, stickle, because i didn't expect much national fin the that the money marked in the field. once again, this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners with few exceptions, for at least 4 weeks because of all me gone, most visitors foby are up, is re lease and glucose palestinians. global situation is not so rude, we have about news about it is a new volume over covey 19. but despite of these bad news, we hope that makes the sound would be possible for the fig

here on munger. square, the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic, which i have elected by i love bethlehem, i love coming here later. it's the 1st. i know actually the 2nd time i've been during the holidays last year with corona, it was impossible. i said this year i'd come with my friend lemonade had that issue . miles, i've been this mega span. it's great to be here. oh, i'm quite surprised. there are so many decorations stickler because i didn't expect much. ashley fin the that them and marked in the field once again this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners, with few exceptions, for at least 4 weeks because of all me gone. most visitors, foby are up, is re lease and glucose palestinians. global situation is not so rude. we have a bad news about it is a new volume over covey 19. but despite of these bad news, we hope that makes the sound would be possible for the fi

here on munger square the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic with i have elected by i love bethlehem. i love coming here later. it's the 1st i know actually the 2nd time i've been during the holidays last year with corona, it wasn't possible. i said this year i'd come with my friends eliminate that issue . miles, i've been this mega span. it's great to be here. oh, i'm quite surprised. there are so many decorations stickler because i didn't expect much actual fin the that the money marked in the field. once again, this year, visitors from abroad will find it difficult to visit the occupied west bank. israel has closed its borders to foreigners with few exceptions. for at least 4 weeks because of all me gone, most visitors will be our up is re lease and glucose palestinians. global situation is not so good. we have a bad news about it is a new volume, paula covey. 19. but despite these bad news, we hope that makes the sound would be possible for the fig

. >> did you see the latest charlie munger quote on bitcoin?e was quoted saying he wishes they'd never been invented and admires china for banning them i know you're no stranger in this industry to these attacks especially from old every investors but you will face heat at the hearing next week that it is a place ripe for cyber security theft and illicit behavior. >> i suppose that's true and remember the early days of the internet where the main things on the worldwide web was scams and pornography. there's still the same amount and amazon and expedia and innovations so when people as smart as charlie munger, somebody i respect greatly say things like that, i think they don't understand the analogy is to the internet. this is not a speculative asset class. this is a tool that's building fundamental networks to change the world and allow people to own the internet i think he'll come to realize that and some people get to the point in the career where any asset wasn't an asset when they were a goldman sachs partner will never be and so be it. >>

dani: this bit leads me to something charlie munger from berkshire hathaway said this morning early inurope at the conference in australia, saying markets are widely overvalued in places, and he calls the current environment even crazier than the dotcom bubble. are those comments out of place, considering the strength you are seeing in terms of margins from companies? natasha: we are still finding interesting opportunities. where we are focusing some of our research recently has been in the industrial sector, something maybe not traditionally associated with long-term structural growth compounder is that we tend -- compounders that we tend to try to pick up. thank potentially -- we think potentially some some sectors are going into a cycle of underinvestment, but as companies and countries start to adopt more net zero carbon targets, we think that is going to create more demand for some of these subsectors. particularly in the agricultural space. dani: do you wait for these periods of volatility like we have had over the past few weeks to look for those potential value opportunities? a

here on munger square the tree is once again the center of attention. there are fewer restrictions than last here, but life is not the same as before. the pandemic, which i have elected by i love bethlehem, i love coming here later. it's the 1st, i know actually the 2nd time i've been during the holidays last year with corona, it was impossible. i said this year i'd come with my friends, lemonade had that issue. miles i had been this mega span. it's great to be here. oh, i'm quite surprised. there was so many decorations, stickle, because i didn't expect much. ashley fin the that them and marked in the field once again this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners, with few exceptions, for at least 4 weeks because of all me gone. most visitors foby are up, is re lease and glucose palestinians. global situation is not so blue. we heard about the news about these a new vaviante over covey 19. but despite of these bad news, we hope that makes the sound would be possible fo

there's a terrific charlie munger quote that says there's no great company that can't be turned into a bad investment by sharing the price. it's a great company and we all love it, but it never should have been at $578 a share. it is not maligned because it's now at $190 a share. they'll earn $4.37 next year that's probably likely, and if you put a rational valuation ever between 20 and 30 times on that, you get around $120. $120, maybe 130 and at that point it's worth looking at, and you have to be careful at what maligned means and what it means thinking that they should go up just because they're down. the reality is these stocks never should have been at those prices and if we take paypal, for example, paypal will earn $5 a share. you'll take the 20 to 30 multiple range and that's why you can say, i look at it 105. i might look at it at 150 or something, but you need real earnings to kick in at some point. they can't coast on fumes forever. there's one more thing that steve said cathie is a true believer or cathie truly believes this. cathie is a true believer in these stocks and

season. christmas in bethlehem of the palestinian town, revert as the birthplace of jesus here on munger. square. the tree is once again the center of attention. there are fewer restrictions than last year, but life is not the same as before. the pandemic with i have elected by i love bethlehem. i love coming here later. it's the 1st i know actually the 2nd time i've been during the holidays last year with corona, it wasn't possible. i said this year i'd come with my friends eliminate that issue . miles i had to pin this mega span. it's great to be here. oh, i'm quite surprised. there are so many decorations stickler because i didn't expect much. ashley when the that the money marked in the field. once again, this year, visitors from abroad will find it difficult to visit the occupied westbank. israel has closed its borders to foreigners with few exceptions, for at least 4 weeks because of all me gone, most visitors will be, are up is re lease and glucose palestinians. global situation is not so rude. we have a bad news about it is a new volume over covey 19. but despite these bad news,

today's countdown closer agrees with charlie munger, and says you know what?ree stocks, can boom even if the market goes bust. closing bell nine minutes away, tomorrow on the "clayman countdown", famed wall street investor and billionaire ceo mario gabelli. . . your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (kate) this holiday, verizon has the deal that gets better and better and better. matching your job description. get iphone 13 pro, on us, when you trade in your old or damaged phone. here, the phone everyone wants, on america's most reliable network. better? (guy) better. (kate) that's not all. the new iphone, and up to 7 entertainment subscriptions for your family. like apple music, apple arcade, and more. better? (family) betttterrrrrr. (kate) not done. the new iphone, the entertainment, and up to $1,000 when you switch. (carolers) [singing] betttttter. (kate) this year, holiday b

it is not like costco which could miss numbers and barely get dinged and as charlie munger said, we are lucky to have costco there is always a bull market somewhere and i promise to try to find it for you right here on "mad >>> the michigan school shooter, allegedly, is in jail. but now his parents are missing. i'm shepard smith. this is the news on cnbc the parents of the accused school shooter now charged with involuntary manslaughter themselves. >> these charges are intended to hold the individuals who contributed to this tragedy accountable. >> the disturbing warning signs prosecutors say the parents saw and failed to act. >>> hiring stumbles in november, even before covid omicron. >> families are anxious about covid, about the cost of living. >> now with the variant spreading, concerns of an economic slowdown ahead. >>> alec baldwin describes the fatal shot, one he says he didn't fire. >> i let go of the hammer, bang, the gun goes off. >> so what did happen? we ask a hollywood weapons expert. >>> arrests made after a string of smash-and-gran robberies but some already let go. the b