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Wall Street Oasis

E261: The Daily Peel | The Life & Legend of Charlie Munger

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 29 November 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

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0:00.0

I'm

0:02.0

I'm

0:04.0

I'm

0:05.0

So Sad day for us apes.

0:27.6

Very, very sad day out there.

0:29.9

Of course, we're very glad that you came and joined us on the live stream here today.

0:33.5

Great to see all of you guys.

0:35.1

It is a sad day where we do late to rest Mr. Charlie Thomas Munger

0:39.8

of Omaha, Nebraska, then out in California. He was Warren Buffett's right hand man, one of the

0:45.0

absolute goats of investing. We're going to talk about him much more later on in the presentation

0:50.2

here today. We did dedicate the thought banana section for him. We have a little bit of a video to go over as well.

0:56.0

But just know that that's going to be kind of the main focus of our talk here today. But before we get into that, we do have some other stuff going on in markets that we should get to. Now, R.P. Charlie Munger, we'll talk more later on. equity markets during the day however did have a fairly nice day was you know nothing major at all the nassad rose

1:14.4

no We'll talk more later on. Equity markets, starting the day, however, did have a fairly nice day.

1:11.6

It was, you know, nothing major at all.

1:13.6

The NASDAQ, with the doubt closely behind it, 0.24%.

1:18.6

Russell 2K and other small caps did follow off on the day.

1:21.6

But hey, those room temperature IQs over at WSO Alpha managed to give us another 4-bit increase.

1:26.6

That means between the past two days

1:27.9

we've been managed to rise almost a whole 10 basis point so definitely a great job for the guys over there

1:33.5

we're so thankful to have them anyway moving on down below to some of the banana bits for the day

1:38.4

CNBC has a great reporting they did a great job or excuse me the wall street journal has a great reporting they did a great job, or excuse me, the Wall Street Journal has a great reporting, they did a great job reporting on Charlie Mongo's life and legacy. It's almost as if they had something prepared for it. To me, Charlie didn't look a day over 87 at the very least. When I saw that he had passed, I thought it must have been some kind of freak accident, but it was almost like they had this prepared for us or something.

2:01.1

So either way, definitely go ahead and check that out because Charlie was one of the greats. He was not just a Wall Street, but of Wall Street. Just all-around great guy. We'll get into him more later on. Now, moving on below, Goldman Sachs and Apple are going through a bit of a rough patch in the relationship. Now we're not sure if Apple is going to fully break up with Coleman,

...

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