What Would Charlie Munger Do? (11/29/23)

(11/29/23) Berkshire Hathaway #2 man, Charlie Munger has passed at age 99; Danny & Jon review his greatest quotes & investing philosophies; Mark Cuben divests his majority stake in the Dallas Mavericks; market & economic numbers commentary; chances for rate cuts by June are on the rise; Cyber Monday sales up +9%, but consumers purchased fewer items. Quoting Charlie Munger: Understanding what you own, sitting & thinking,    wealth = independence, importance of continually learning, passion vs brains. Where's Lance? Peppermint patties & frozen Twinkies; financial to-do list: checking beneficiaries, reviewing estate plan, do the will, check annuities; also, RMD's, tax-loss harvesting, last minute contributions to charity, HSA vs FSA, and Roth conversions. SEG-1: Mark Cuban divests, Charlie Munger dies; Market review, economics preview SEG-2: Favorite Quotes & Quips from Charlie Munger SEG-3: Where's Lance & Year-end Things To Do SEG-4: Financial Prep for 2024 Hosted by RIA Advisors' Senior Financial Advisors Danny Ratliff, CFP, & Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=2Hd51fQl49A&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=387s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "If You Think You Made Too Much Money this Year..." https://www.youtube.com/watch?v=mn5EV_97zQk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- Articles Mentioned in this Show: "S&P 500 Market Returns And Why Your Performance Is Worse" https://realinvestmentadvice.com/sp-500-market-returns-and-why-your-performance-is-worse/ "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for