We close out 2023 by answering your questions on active vs passive management, market timing, investing for status, what we learned from Charlie Munger, thoughts on a coming recession, worst investment mistakes, recent books that changed us, and more.  SponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesHow the World Really Works by Vaclav Smil—VikingThe Day the World Stops Shopping by J.B. Mackinnon—Harper CollinsEarth for All: A Survival Guide for Humanity by Sandrine Dixson-Declève, et al—Earth for AllBarbarian Days: A Surfing Life by William Finnegan—Penguin Random HouseTao te Ching: Power for the Peaceful by Lao Tzu (Author) and Marc Mullinax (Translator)—Fortress PressSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.