# @benzinga on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/Cgm14scDnFW
- **Gondola URL:** https://gondola.cc/posts/21841585-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/5c17624119.jpg
- **Posted:** 2022-07-29T18:54:00.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Follow 👉 @benzinga 

Charlie Munger, one half of the dynamic duo that transformed then-dying textile business, Berkshire Hathaway Inc, into one of the world’s most profitable and lucrative holding companies said he’s not worried about macroeconomic trends and ignores them like the weather.

What Happened: Munger, from the library of his Los Angeles home, was part of a Zoom Video Communications Inc meeting with Charles Jennings of Stonehouse Corporation.

“I’m always aware of [inflation], but it doesn’t stop me from operating," Munger said. "I’m 98½ years of age, and I’ve seen a lot of inflation. I intend to live through inflation. I’ve lived through a lot of it already in my long life. It doesn’t discourage.”

Ignoring macroeconomic trends has been a forbearance of Berkshire’s strategy since Buffett took control of the company in 1965.

"I don’t pay much attention to macroeconomic trends. Like the weather, I just ignore the weather. I just try to invest whatever capital I have as best I can and take the results as they fall. I just seize whatever opportunities I can and I hope I get my share."

This can be illustrated most recently in Berkshire’s multiple share purchases of Occidental Petroleum Corporation, an oil and gas exploration company that has quite an exposure to the macroeconomic trends including geopolitical tensions, supply chain constraints and the wild price action in crude oil that affects the stock’s price.

Munger and Buffett have been quietly increasing their stake in OXY — the pair owns a staggering 18.7% of the company, with Munger saying oil and fossil fuels aren’t going away anytime soon.

Get the full story on benzinga.com, link in bio.
.
.
.
.
.
.
.
.
.
.
#money #earnings #business #stocktrading #entrepreneur #investing #success #trading #charliemunger #warrenbuffett #investors #berkshirehathaway #warrenbuffettquotes #charliemungerquotes #stockmarkets #stockmarketinvesting #investing101 #moneymoves #wealth #wallstreet #financialliteracy

## Stats

- **Views:** 76,089
- **Likes:** 559
- **Shares:** 0
- **Comments:** 8

## Tags

berkshirehathaway, stockmarkets, money, trading, success, moneymoves, earnings, warrenbuffett, warrenbuffettquotes, investing, wallstreet, financialliteracy, stocktrading, wealth, stockmarketinvesting, charliemunger, investing101, business, investors, entrepreneur, charliemungerquotes

---
Copyright (c) Gondola