Munger Sees Few Opportunities in Today's Market But Likes Apple, Costco, BYD; Expects Lower U.S. Returns Versus Global
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Investment legend Charlie Munger says there's little "low-hanging fruit" left for investors in today's market. He sees opportunities in a handful of top companies like Apple and Costco.
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Munger praised electric vehicle maker BYD, saying its founder "can do things you can’t do" in figuring out how to make auto parts efficiently.
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Berkshire's big bets on 5 Japanese trading companies were a "no-brainer" given ultra-low interest rates in Japan and high dividends from those stocks.
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Munger sees China's economy having better growth prospects than most over the next 20 years, with very strong leading companies.
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U.S. stocks may see lower returns versus global equities over the next decade as ownership levels are very high already, says Goldman Sachs.