Stansberry Investor Hour

After Bitcoin plunged 54% from its all-time-high in April, many crypto speculators are feeling quite shaken... But Dan points out that it's what didn't happen after the crypto crash that’s worth noting... No banks went under... the Fed didn't need to bail anyone out... We didn't see a big systemic collapse... And Bitcoin is still standing... Not to mention, Dan points out that one of the biggest names in the investing world just announced he bought some Bitcoin for the very first time... Then on this week's interview, Dan invites Hugh Henry onto the show. Hugh is an award-winning hedge fund manager, market commentator, real estate investor, and podcaster. Hugh previously worked at Odey Asset Management, before he founded Eclectica Asset Management in 2005, where he achieved a 31.2% return during the 2008 financial crisis. During their conversation, Hugh elaborates on his stance that inflation is more of a social phenomenon than many people give it credit for. Hugh also explains how if you spot some of these social trends, and are willing to take a contrarian stance, you could find some amazing investment opportunities at the best value they've been in years. He even shares the names of 4 or 5 stocks trading at rock-bottom prices that he absolutely loves going forward... Then on the mailbag this week, one listener asks Dan an in-depth question about life insurance and holding cash... And another long-time listener asks what Dan thinks about the popular assertion that gold will plummet when a crisis happens... Listen to Dan tackle these questions and more on this week's episode.

It's been a rough week for crypto investors...  After Bitcoin reached over $64,000 in April, the world's most popular crypto has plunged as low as $30,000 on some exchanges earlier this week... Dan opens the show with an update on the situation, and tells the listeners what he's doing with his Bitcoin today... Then on this week's interview, Dan invites Dave Collum back onto the show for another great conversation. Dave is the Betty R. Miller Professor of Organic Chemistry and former Department Chair at Cornell University. He's also a staunch Libertarian, a fan of gold, the Austrian business cycle, and he's not at all afraid to speak his mind.  During their conversation, Dave and Dan talk about a wide range of controversial topics, like how the inflation numbers from the Fed are completely bogus, how the climate change industrial complex became corrupt, and how a massive top is currently brewing in the market despite what you're being told.  Then on the mailbag this week, a new listener to the podcast asks Dan his general advice for how to handle the current market environment...  Dan takes his time responding to the listener, explaining all the key places he believes you should have your money, plus a couple of helpful lessons to consider.  Listen to Dan tackle this great question and several more on this week's episode.

In the final stages of the bull market, thoughtful investing is typically replaced with reckless speculation...   And today, we're seeing warning signs in nearly every corner of the market...  Investors everywhere are throwing caution to the wind in hopes of finding the hottest tech stock, SPAC offering, or cryptocurrency that'll help them get rich quick... So that's why this week, Dan is bringing the listeners back down to Earth by focusing on a corner of the market that fuels nearly every other industry, but has recently been forgotten by most of the financial media... On this week's episode, Dan invites Rick Rule of Sprott Inc. onto the show to talk about natural resource investing. Rick began his career in the securities business in 1974 and has been principally involved with natural resource securities ever since. Over his long career, Rick has originated and participated in hundreds of debt and equity transactions with private, pre-public, and public companies. Today, Rick is widely regarded as one of the most accomplished natural resource investors on the planet. During their conversation, Rick talks about how stepping down from his position as managing director and president at Sprott has allowed him to focus more time and energy on researching potential investments in the resource space. Rick and Dan discuss where he sees opportunity in the resource market today, including a handful of stocks from the other side of the globe that he believes are currently trading at steep discounts. If you're okay with some riskier, higher upside plays, Rick shares the names of a few stocks which he says are "the cheapest resource stocks on the planet..." Then on the mailbag this week, Dan answers a couple great questions from listeners who have written in... One listener asks Dan his thoughts about a recent quote from Stanley Druckenmiller, where he discusses the possibility of the dollar losing its status as the global reserve currency... And another listener shares what he believes is the real motivation behind the new E.S.G. investing trend.... Dan gives his thoughts on these questions and more on this week's episode.

Credit Suisse released a report with some shocking findings about a group of stocks you likely haven't been paying attention to... Across the entire world, across nearly every industry, from small cap to large cap, this forgotten category of stocks has outperformed its peers... and by a wide margin. On the opening rant this week, Dan examines all the facts behind the surprising phenomenon... and discusses what potential investors should do with this information. Then on this week's interview, Dan invites William Green onto the show. William has written for many leading publications like The New Yorker, Time, Fortune, Forbes, Barron's, The London Spectator, The Economist, and many more. He's also interviewed Presidents, Prime Ministers, and scores of the world's most successful billionaire investors. He shares some of the best lessons he's learned in his latest book, Richer, Wiser, Happier: How the World's Greatest Investors Win at the Market and in Life. During their conversation, William gives Dan some fascinating insights he's learned during interviews with famed investors like Charlie Munger, Joel Greenblatt, Sir John Templeton, Jack Bogle, Bill Miller, Howard Marks, Tom Gayner and many more. William has so many great stories that by the end, Dan promises William that he will definitely be invited back for another show. Then on the mailbag this week, one listener writes in challenging Dan on one of his more controversial opinions and Dan felt the need to respond.. Dan doesn't fully agree with everything the listener says, but after some careful consideration, he admits the listener is "absolutely right" on one important point. Listen to Dan's full response on this week's episode.

In March, Tesla sold off about 10% of their Bitcoin... Elon Musk said the reason they sold was to, "prove the liquidity of Bitcoin as an alternative to holding cash on the balance sheet..." On the opening rant this week, Dan examines all the facts behind the surprising move... And explains why he's not buying Musk's explanation... Then on this week's interview, Dan invites Thomas Ricketts onto the show. Thomas is President and CIO of Evolutionary Tree Capital Management, a firm exclusively focused on innovation investing. Evolutionary Tree uses their unique investment process to differentiate between hype and real innovation that yields future growth. Their approach has led Evolutionary Tree to find stocks like HubSpot, ServiceNow and Pinterest before they were well known. During their conversation, Dan asks Thomas what the main difference between innovation investing and speculating really is. Thomas explains how his firm uses 8 special criteria to separate the hype from the legitimate long-term opportunities. Thomas even gives the listeners a handful of stocks he loves in cloud computing and biotech – two industries he says are poised for massive growth over the coming decades. Then on this week's mailbag, one listener asks Dan how to buy "some additional insurance via buying put options..." Another listener asks what Dan thinks about the sudden shift to ESG initiatives being parroted in many major industries. And a final listener asks an excellent question about inflation and conventional economic wisdom. Dan gives a thorough reply to this question and more on this week's episode.

Dan opens this week's rant completely beside himself, as he shares the latest story of jaw-dropping excess in the market. But this isn't the story of your typical cryptocurrency pump and dump... Or a message board banding together to try to create the next "meme stock..." It comes from a business you'd never expect in a million years... and Dan calls it the single most insane example of speculative froth he's EVER seen in the markets. Then on this week's interview, Dan invites Ken McAtamney onto the show. Ken is the head of the global equity team and a portfolio manager for William Blair's International Growth, Global Leaders, and International Leaders strategies. Before joining William Blair in 2005, Ken was a vice president at Goldman Sachs, where he was responsible for institutional equity research coverage for both international and domestic equities. Dan and Ken cover a wide range of major growth themes that will likely shape the future investment landscape. Ken presents a ton of unique ideas of how many current industries may evolve and the massive opportunities you should be looking for. During their conversation, Ken shares nearly a dozen names of stocks with sustainable long-term growth in emerging industries that he loves. And finally, the mailbag is filled with some great questions this week... One listener asks Dan if he thinks we could ever have a sovereign debt crisis like Jim Rickards describes? Another listener asks Dan to elaborate on what he meant when he previously said "gold is a bauble..." And a long-time listener asks who is the best author of investment books and why, taking fame and notoriety out of the equation and focusing only on substance? Dan gives a thoughtful reply to this question and more on this week's episode.

Across the entire U.S. stock market, going all the way back to 1926, a small fraction of stocks are responsible for the lion's share of the market's gains. Dan examines this phenomenon with a deep dive into the Bessembinder Study and comes away with a few key takeaways for individual investors trying to beat the market.  Then on this week's interview, Dan invites Kevin Landis onto the show.  Kevin was born and raised in Silicon Valley and has over 30 years of experience in market research, product management and investment in the technology sector. And today, Kevin is the Chief Investment Officer at Firsthand Capital Management, an investment advisory firm he founded in 1994. He currently manages two technology sector mutual funds and a publicly traded venture capital fund. Dan asks how Kevin and his firm were able to identify stocks like Roku, Twitter, SolarCity, and Yelp before they became the massive winners they are today... The two also discuss how the current incentives in the asset management industry typically hurt your ability to make large gains... and how his firm works to break that mold.  And finally, the mailbag is filled with some great questions this week. One listener asks Dan an interesting question about Tesla that tests his value investing philosophy... Then a listener writes in supporting the retail investors in GameStop, giving a different take on the situation. Is there more to this story than we've been told? And another listener from Australia has some questions on gold's price lately and the potential of a top in the crypto markets... Listen to Dan give his take on these topics and more on this week's episode.

GameStop is selling up to 3.5 million new shares, looking to raise money amid their newfound hype and popularity in the investing world. Dan opens the show by explaining why this is actually a very smart business move... But he says even though it's the right move for GameStop, he wants no part in it. And he cautions anyone else still thinking about jumping on this train. Then Dan invites Kevin Carter onto the show to talk about one of the fastest-growing areas anywhere in the markets, that sadly many Americans overlook. Kevin is the founder and Chief Investment Officer at EMQQ, an Emerging Markets Internet and E-Commerce Index. Over the past 20 years, he's partnered with Princeton economist and indexing legend, Dr. Burton Malkiel, focusing on China and emerging markets, ultimately creating the EMQQ Index. During their conversation, Kevin teaches Dan some stunning facts about the massive opportunity investing in emerging markets outside of the U.S. provides today... (like did you know that over half of the world's mobile payment users live in Africa?) Kevin makes a very strong case for putting money in emerging markets today, even listing out a handful of his favorite personal holdings from his index... like one he calls the Amazon.com of Poland... another known as the Amazon.com of Africa... and even one little-known fintech company that Berkshire Hathaway bought 5% of during its IPO. Kevin says that if you have a long-term timeline, you absolutely need to take a look at the emerging markets internet sector... He calls it the "tip of the spear" when it comes to global growth. And finally, we had an ultra-light mailbag this week... So light, in fact, that Dan decided to hold off until next week's episode. So don't forget, please send in any questions you may have, any comments on the show, or even any politely-worded criticisms into us at feedback@investorhour.com... Until then, you can listen to Dan and Kevin's conversation and more on this week's episode.

A little-known family investment office made big news this week...  Archegos Capital Management's risky leveraged bets on ViacomCBS Inc. and Discovery Inc. set off a wave of forced liquidations at a number of Wall Street Banks. Estimates show Bill Hwang, the man behind Archegos, levered his positions as much as 5X and so far has triggered the liquidations of positions approaching $30 billion in value. Dan takes a deep look at this story of greed and hubris before leaving listeners with one crystal clear takeaway. Then Dan invites Tucker Walsh onto the show for a conversation about one of the hottest sectors of the market over the past year – small cap growth stocks. Tucker is head of the Small Company Growth Team and lead Portfolio Manager at Polen Capital's U.S. Small Company Growth strategy. Prior to joining Polen Capital Tucker spent 10 years as CEO at Copper Rock Capital Partners and 9 years as Managing Director and Head of Small Cap Growth Team at State Street Research. Tucker and his team look to invest in fast-growing, disruptive businesses that use technology to compete in the digital age. But he stresses that profitability is important, and discipline is critical when you're investing in this space. Thoroughly researching and investigating each company and objectively looking at both best and worst case scenarios without getting attached is key. During their conversation, Tucker shares the name of a few stocks he thinks could have massive potential in the coming years and are great buys right now. Then on the mailbag, listener Peter W. writes in explaining why he was not happy with Dan's interview last week... He argues Dan and Per left out some pretty important details during the conversation about regulations. Dan listens to Peter's side and gives his rebuttal to this question and many more on this week's episode.

Shortly after they exchanged hellos, an old friend of Dan's enthusiastically told him about all the money he's made in penny stocks. And what he said next pretty much stopped Dan in his tracks... On this week's rant, Dan takes a look at the continued rise of risky speculations in the markets... and gives some advice for anyone still dabbling in them. Then Dan invites economist Per Bylund in for a conversation about a topic not often discussed on the show. Per is Assistant Professor of Entrepreneurship and Records-Johnson Professor of Free Enterprise in the School of Entrepreneurship at Oklahoma State University. His research focuses on issues of entrepreneurship, strategic management and organizational economics, especially where they overlap with regulation and policy. Per explains how the long term effects of regulation are easy to ignore because they are often unseen. But if we want as prosperous a world as possible, we should all pull our head out of the sand and begin to pay attention. Dan and Per also touch on the minimum wage debate, the Bernie Madoff fraud, and even some common economic fallacies touted by Nobel-Prize-winning economists. Then on the mailbag, Dan has a couple follow up questions about buying into GBTC. Another listener writes in asking for some clarification on Dan's take on Warren Buffett and gold. And another listener asks Dan's thoughts about when it's time to take some profits off the table in Bitcoin. Listen to Dan's take on these questions and more on this week's episode.