God Bless Our Stupid Competitors – They Make Us Rich!
“God bless our stupid competitors—they make us rich!” 💰 Charlie Munger shares a powerful lesson: success isn’t about competing everywhere—it’s about finding where you have the advantage. He explains why avoiding games where others are stronger and focusing on where you can dominate is the key to wealth.
🔔 Subscribe for more insights from legendary investors!
📺 More investing strategies: https://comlucro.com.br/youtube
🌐 Learn more: https://www.comlucro.com.br/
#CharlieMunger #InvestingWisdom #SmartInvesting #BusinessStrategy #FinancialFreedom #ValueInvesting #WarrenBuffett #MungerMindset #WealthBuilding #StockMarket
00:00:00,240 --> 00:00:05,160
I want to think about things where I
00:00:02,720 --> 00:00:06,640
have an advantage over other people I
00:00:05,160 --> 00:00:09,639
don't want to play a game where the
00:00:06,640 --> 00:00:11,559
other people have an advantage over me
00:00:09,639 --> 00:00:13,280
so if you have a pharmaceutical company
00:00:11,559 --> 00:00:15,280
and you're trying to guess what new drug
00:00:13,280 --> 00:00:16,920
is going to be invented I've got no
00:00:15,280 --> 00:00:18,000
Advantage other people are better than
00:00:16,920 --> 00:00:21,439
that than I
00:00:18,000 --> 00:00:24,160
am I don't play in a game where the
00:00:21,439 --> 00:00:25,960
other people are wise and I'm stupid I
00:00:24,160 --> 00:00:29,320
look for a place where I'm wise and
00:00:25,960 --> 00:00:30,519
they're stupid and believe me it works
00:00:29,320 --> 00:00:33,000
better
00:00:30,519 --> 00:00:35,879
God bless our stupid competitors they
00:00:33,000 --> 00:00:35,879
make us rich
