Charlie Munger Passes, What’s in Warren Buffett’s Will With Gary Pulford, Year End Stock Rally

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Nov 29, 2023

Advisor Gary Pulford joins the podcast to discuss Warren Buffett's philanthropy and impact. Topics discussed include Charlie Munger, market euphoria, record corporate profits, holiday sales, Amazon's advantage over FedEx and UPS, small cap tech in bull markets, volatility analysis, impact of a recession on spending habits and the labor market, performance of individual stocks, and the changing landscape of online commerce and its threat to credit card companies.

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INSIGHT

Buffett's Philanthropic Estate Plan

Warren Buffett plans for 99% of his $121 billion wealth to be given away through a testamentary trust.
He emphasizes a lean staff, funding with Berkshire shares, and a self-liquidating timeline to avoid lasting dynasties.

INSIGHT

Importance of Heir Mentorship

Teaching family values and mentoring heirs is crucial for handling large fortunes responsibly.
Buffett's long life enabled him to prepare his children well for managing his wealth.

ANECDOTE

Munger's Lasting Investment Wisdom

Charlie Munger's last podcast interview revealed his sharpness and investing wisdom.
His shift in Buffett's strategy to buy wonderful companies at fair prices transformed Berkshire's success.

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On this episode of TCAF Tuesday, Josh Brown is joined by advisor Gary Pulford to discuss Warren Buffett's philanthropy and how he plans to make an impact long after he's gone. Then, Josh joins Michael Batnick for an all-new episode of What Are Your Thoughts. This episode's topics include: Charlie Munger, market euphoria, record corporate profits, holiday sales, how Amazon jumped FedEx and UPS in the delivery game, and much more!

Thanks to US Benchmark Series for sponsoring this episode! Learn more about F/m Investments and US Benchmark Series at www.ustreasuryetf.com.

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