Charlie Munger: Why I Refuse to Invest in NVIDIA | Hidden Risks Every Investor Must Kno скачать в хорошем качестве

Charlie Munger: Why I Refuse to Invest in NVIDIA | Hidden Risks Every Investor Must Kno

🤔 Many people ask me: Why do I refuse to buy NVIDIA during the AI frenzy? Am I too old to understand the future? After observing markets for over 70 years, I know one truth: before every bubble bursts, people always say, “This time is different.” 💥 🚫 In bull markets, most people confuse speculation with investing. Let me be blunt: chasing NVIDIA today is like using a telescope to imagine the future, while using a microscope to ignore risk. True wisdom is not predicting the future — it is calculating outcomes with certainty. 📊 In this episode, I share the “Overvaluation Trap Framework” I have tested across a lifetime. This is not just about making money — it is about staying rational when the crowd loses its mind. 🧠 👇 We will break down six critical risks behind NVIDIA that most investors refuse to face: 1️⃣ Valuation Risk 💸 A trillion-dollar valuation already prices in 30 years of perfect growth. It’s like spending your life savings on an apple tree that hasn’t produced fruit yet. 2️⃣ Competition Risk ⚔️ The so-called “moat” is under attack from AMD, Intel, Google, and Amazon. High margins always attract enemies. 3️⃣ Technology Risk 🔮 Pricing in metaverse dreams and general AI before they exist is classic story-first, reality-later investing. 4️⃣ Management Risk 🎭 Businesses that rely on genius are fragile. Geniuses get distracted, make mistakes, and eventually age. 5️⃣ Macro Dependency Risk 🌪️ Low interest rates, AI hype, geopolitics — when the tailwinds stop, the naked swimmers are exposed. 6️⃣ Investor Psychology Risk 🐑 When a stock becomes a belief system, rational thinking has already exited. This is the most dangerous wealth destroyer. ⚠️ Stop letting fear of missing out control your decisions. My 90 years of life have taught me this: Missing an opportunity only costs upside. Making a mistake costs capital. #CharlieMunger #ValueInvesting #NVIDIA #AIBubble #InvestmentRisk #ValuationTrap #MarginOfSafety #LongTermInvesting #InvestorPsychology #RationalInvesting