The numbers don't lie.

Today the stock market is more expensive than it has been at any point in history...

More expensive than the 1929 Crash or the Dot Com bubble...

Even worse, rampant speculation is as bad as it's ever been. New investors are entering the market like never before, buying call options like lottery tickets.

How do we make sense of this environment? Can you reap the big gains of a market like this while trading safely?

Dan brings Jack Schwager onto the show to help tackle some of these questions. Jack is perhaps best known for his best-selling series of interviews with the greatest traders and hedge fund managers of the last three decades: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014).

Jack has interviewed all of the greatest investing minds on the planet. During their discussion, Jack shares some of the most vital lessons he's learned from these titans, including what they all preach and where they differ in strategy.

Jack gives a ton of timeless advice that you won't want to miss.

Listen to his discussion with Dan and more on this week's episode.

For more from Stansberry Research, check out the American Consequences podcast here: https://americanconsequences.com/podcast/