Dan and Corey begin the show by discussing Disney. They cover the company's ongoing proxy battle with Nelson Peltz, its recent deal with activist investor ValueAct Capital, the negative impacts of its "wokeism," the new Star Wars director's controversial past comments, and whether the stock is worth buying today.

Next, they welcome Jeff Muhlenkamp back to the show. Jeff is the lead portfolio manager at investment-management firm Muhlenkamp & Company. He joins the podcast to give his reaction to a "surprising" 2023.

Plus, he talks about what's in store for the markets this year, how it's unclear whether we're headed for a recession or not since "there's plenty of ammunition for whatever case you want to make," and how you should structure your portfolio to protect you no matter what happens.

Jeff also explains what he learned from the great financial crisis in 2008 and how he applies it to his investing strategy today. He gives investors advice on everything from keeping some cash on hand to handling stock prices soaring quickly...

Lastly, Jeff discusses regional banking, his two newest stock buys (Tegna and BGC Group), and his process for picking stocks. He details which metrics he looks at, why financial newsletters – including Stansberry Research's – are good places to look for ideas, and how to know when to exit a stock.