Скачать или смотреть The Three ETF Portfolio That Quietly Outperforms 90% of Investors – Why Charlie Munger Loves This

Charlie Munger breaks down the brutally simple, three-ETF portfolio that captures global market returns at near-zero cost. In this 13-minute masterclass, Munger explains why VOO (or VTI), VXUS, and BND are the only funds most investors will ever need—and why adding anything else usually reduces net performance. He walks through the arithmetic of fees, the psychology of bear markets, and the critical role of bonds as behavioral insurance. Drawing on seven decades of observing winners and losers, Munger demonstrates why rebalancing, tax efficiency, and disciplined inaction outperform stock-picking, sector rotation, and market timing. This is not theory; it’s the infrastructure of compounding. Munger addresses recency bias (why you shouldn’t abandon international stocks after a decade of U.S. dominance), the hidden tax drag of active funds, and why “doing nothing” is the hardest skill to master. Whether you’re 25 or 65, this framework provides a foundation that is cheap, scalable, and psychologically sustainable. If you want to build wealth without the anxiety of daily market noise, this is the blueprint. Subscribe to for more timeless investment principles