Our PureVest Weekly Roundup looked at the strong rally in November for equities. Markets had their best monthly performance since July 2022 after we saw some real broadening signs for the new bull market. Tesla is starting to make deliveries of their long-awaited cybertruck, and General Motors announced strong guidance for 2024, which includes a 10 billion dollar stock buyback plan. Consumers spent a record on Black Friday and Cyber Monday as they remained resilient to start the holiday season.
Warren Buffet’s partner and legendary investor, Charlie Munger, passed away at 99 earlier this week. We can all learn from his investing lessons and wisdom on life. We tribute to him this week! Our quick takeaways from his timeless lessons are… Do what you love, think long-term, run your own race, and never stop doing what you enjoy. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Dow jumps 500 points to new 2023 high Thursday, capping 8% November rally
source:www.cnbc.com
Activist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats
source:www.yahoo.com
Broadening of U.S. stock rally feeds investor optimism
source:www.reuters.com
It’s Here: Tesla Reveals Cybertruck’s Final Price and Specs as Deliveries Begin
source:www.ign.com
Cyber Monday rings in $12.4 billion in sales
source:www.yahoo.com
Don’t make these common 401(k) mistakes. With one, many ‘aren’t even aware’ they’re missing out
source:www.cnbc.com
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
source:www.cnbc.com
Charlie Munger:
Remembering Charlie Munger: 10 Pearls of Wisdom From the ‘Oracle of Pasadena’
source:www.investing.com
10 Uncanny Investment Principles by Charlie Munger
source:www.oldschoolvalue.com
Charlie Munger: These ‘basic rules’ made me successful in life—‘with Warren Buffett, I had all 3’
source:www.cnbc.com