'The Wise-Man Problem' – Low-Hanging Fruit Individual Investors Overlook

On this week's Stansberry Investor Hour, Dan and Corey are joined by equity analyst John Zolidis. He's the president and founder of Quo Vadis Capital, which provides research for both professional money managers and individual investors, specifically in the retail and restaurant sectors. 

Dan and Corey kick off the podcast by discussing what they're bullish on – what they like, what they want to buy, and what they're buying. Corey expresses optimism in U.S. stocks, citing their recovery and global financial leadership as "the best house in a bad neighborhood." Dan shares his optimism for the housing sector, highlighting historically low inventory levels. (00:41)

Then, John joins the conversation to share his perspective on the possibility of beating the market and overcoming cognitive biases in investing. He brings up "the wise-man problem," referring to the cognitive bias that arises from an individual's belief that they have seen and understood all market situations based on past experiences. (19:41)

John challenges the belief that outperforming the market is impossible, citing the importance of understanding companies and long-term prospects. John emphasizes the need to align investments with financial goals and avoid short-term performance targets influenced by media hype. He believes a longer-term perspective is the key to gaining an edge as an individual investor. (39:23)

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