Stansberry Investor Hour

Chairman Jason Hsu discusses blending quantitative and fundamental approaches in investing, focusing on opportunities in China and emerging markets. They explore the differences between US and China's government intervention, making investing in overlooked markets more accessible. Dan reflects on the importance of doing nothing when investments grow, inspired by the coffee can portfolio strategy. Jason also touches on detecting financial irregularities in Chinese markets and the evolution of regulatory practices between China and the US.

Is gold just another "greater fool" investment? Warren Buffett seems to think so. Or at least, he's said as much in his 2011 letter to investors, when he compared gold to the tulip bulb mania. On this week's rant, Dan examines this point of view and explains what Buffett doesn't seem to grasp when it comes to gold... Then on this week's interview, Dan invites Gregg Fisher onto the show. Gregg is the founder and portfolio manager of Quent Capital, an asset management firm focused on systematically investing in global innovation. Many guests on the show fell in love with finance and investing later in life... but that's not the case with Gregg. Gregg was born into the investment business and well on his way by the time he was a teenager. By the time he left college, Gregg helped pioneer some of the quant trading strategies that are so common in the industry today. During their discussion, Gregg explains why so many small innovative companies are often overlooked. But he stresses that if you're willing to do a little extra leg work, many innovative small caps present a massive opportunity. By the time the interview is over, Dan is left questioning if he has enough money in small cap stocks. Then on the mailbag, Dan fields several questions from listeners about gold, including one listener who gives a fantastic real-world demonstration of gold's long term value. Another listener writes in and shares a story of remorse for selling his Bitcoin a little too soon. Dan gives him some words of wisdom and reassures him that "we've all been there." Listen to Dan's response to these questions and more on this week's episode.

It’s not the sexiest part of the market, but Dan decides to break down bonds. If you look at the benchmark ten-year bond treasury yield, it has tripled since last year. Does this mean the bond rally is over and we’ve topped out at the bond market? Or is inflation finally kicking in as yields climb? Bond interest rates are the lowest they’ve been since there’s been data for this, and if the Fed keeps trying to stabilize and suppress rates, printing endless cash and buying new government debt, the more dire the economic consequences will be. They should just let the market adjust naturally, or we’ll have 2008 all over again. Dan’s guest this week is Chris Retzler, a portfolio manager at a small-cap growth-fund for Needham Funds Asset Management. His fund thrived during the bear-market bottom, nearly doubling. Retzler’s forte focuses on nurturing long-term relationships with his portfolio companies’ management teams and seeking out undiscovered investment opportunities. The appeal of small-cap stocks is the room for growth along with a more potent potential for gains -- but how does Retzler make his market picks? His fund has succeeded during the pandemic (Moderna is in their portfolio), but what exactly are the best small-cap markers? It appears getting acquainted with management is a vital first step in investing with emerging small-cap companies. To be a concentrated investor, you have to know with whom you're investing. Regarding small-cap tech opportunities, look for capital-intensive companies that don’t have a lot of competition in the same space, e.g., semiconductor makers. And he highlights telemedicine as a surging fertile investing ground for explosive growth. Oh, and always follow Warren Buffet’s four basic tenets of investing. Listen to their conversation and much more on this week’s episode, including mailbag questions that cover everything from aluminum to acquisitions. Also, check out a new episode of Stansberry’s podcast where politics and economics meet, American Consequences with Trish Regan.

Well, the market proved Dan right yet again. ARK Investment Management, CEO Cathie Wood, and their ETFs lost three out of their 60 billion last week -- Dan knew from ARK’s ballistics charts that the stock seemed to be topping out. While he applauds Cathie and her company for getting into the disruptive tech game in 2014, he knows that Tesla and Bitcoin (part of ARK’s ETF bundle) remain hot stocks that are way ahead of themselves -- and too easily swayed by an Elon Musk tweet. Everyone wants to be in the market right now, but when stocks top out like this, Dan likens it to people contentedly queuing up for a Broadway show, only to be slaughtered once they get inside. Or, in other terms, be cautious right now, investors. Dan’s guest this week is Yoav Sharon, a portfolio manager for the Driehaus Capital Management, in charge of investment research and securities selection. He boasts 16 years of industry experience and has been a senior member of Driehaus’ investment team for eight years. Event-driven investment strategy is a topic Dan has never covered before on the show, so Yoav breaks it down for us: it’s a niche part of the market that takes advantage of company-specific catalysts. The following events would qualify: mergers and acquisitions, arbitrage, corporate restructuring, and complex business models like healthcare. Yoav’s fund sees and seizes these moments, explaining that event-driven investing only goes to where the opportunity lies. This strategy provides a limited correlation to broader markets, less volatility, better performance, and capital preservation during drawdown periods. Yoav also reveals the critical markers to determine whether market events are worthwhile and shares a bevy of other alternative investing tips. Listen to their conversation and much more on this week’s episode. Your podcast host, Dan Ferris, recently went on-record saying: “If I had to put ALL my money in 1 stock – This Would be It.” Get the Full Story Here: https://orders.stansberryresearch.com/?cid=MKT519574&eid=MKT523099&encryptedSnaid=&snaid=&step=start Also, check out a new episode of Stansberry’s podcast where politics and economics meet, American Consequences with Trish Regan.

Is Bitcoin going to continue to climb, or has it already reached its peak? Dan reflects on the reflexivity of some of these gangbuster stocks. He also shares his must-read pick for financial history books, and not just for great topics of conversation at parties. Then, Scott Helfstein, executive director of Thematic Investing at ProShares, joins Dan to talk about the ever-evolving trends of ETFs. While Thematic Investing seems to have become a new buzz word, Scott argues that the term originated inside ETF trading and Thematic is just the next evolution. Scott also breaks down key sectors that he thinks were transformed by the pandemic in 2020. And finally, on the mailbag this week, Dan answers additional questions about Bitcoin and confronts a staggering accusation of not being humble. Listen to their conversation and much more on this week’s episode.

The Melt Up is upon us... Retail investors are getting rich piling into stocks, irrational exuberance is at dangerous highs, and all valuations have gone out the window.  But is this the big one? Are we seeing the Mother of All Melt Ups? Dan opens the show by sharing a few increasingly troubling news items that have him worried... Next, Dan invites Stansberry Research's, Eric Wade, onto the show for a conversation on all things crypto. Eric is an entrepreneur, investor, screenwriter, and editor of the Crypto Capital newsletter at Stansberry Research. Dan takes this opportunity to ask him all the beginner questions others are afraid to ask: What exactly is Bitcoin? What do I own when I own Bitcoin?  Won't the government try and shut it down?  If they can't do that, won't the government tax and regulate it to death? Could another crypto come along and replace Bitcoin? Eric answers everything Dan throws at him while keeping things simple. He stressed that you don’t need to have a degree in computer science to invest in Bitcoin. Eric explains what makes Bitcoin unique, how it became the leader in crypto, and why that's not likely to change anytime soon. Listen to their conversation and much more on this week's episode. Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

The GameStop rise has come and gone. Last week, shares for the retail video game store traded as high as $480... but over the past week the stock has plummeted over 80%. Dan examines the situation and comes away with some key takeaways about free brokerage apps, like Robinhood, and who they truly serve. Then Dan brings the perfect guest onto the show to discuss the situation, legendary trader and market wizard, Chris Camillo. In 2007, Chris began his investing career by turning $20,000 into over $2 million, during a three-year period where you were lucky to make any gains in the market at all. Today, Chris is an accomplished author, investor, and entrepreneur who has been featured in Jack Schwager's book Unknown Market Wizards. Chris' trading style is pretty different than anything we've covered on the show before. Chris explains how he uses social arbitrage investing to try to get out ahead of new trends and identify early shifts in popular movements. Chris says he does almost 100% of his research and trading right from his phone, using social media sites like Twitter, Reddit, and Discord to find his ideas. That's how Chris was able to see the covid crash coming ahead of time, and place a trade that made him a 7-figure windfall... Dan and Chris sit down and discuss some of the biggest calls he's gotten right, big opportunities he's missed, and his advice for anyone getting into trading. Listen to their conversation and much more on this week's episode. Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

Five days ago, GameStop traded for less than $50 per share. Yet on Thursday, at the time of this writing, the stock has soared as high as $482.85... What on earth is going on? Dan explains what is behind the meteoric rise of GameStop, AMC, and a few other unassuming stocks in this week's opening rant. Then Dan invites a trading legend and "market wizard" onto the show. For decades, Peter Brandt has been considered one of the world's foremost authorities on using classical charting principals to trade futures, forex and even the crypto markets. Peter is also featured in the acclaimed book by Jack Schwager, Unknown Market Wizards: The Best Traders You've Never Heard Of. He's also the second wizard we've had on the podcast. Peter gives Dan an in-depth look into why the classical chart patterns don't seem to work anymore, and how Peter's adjusted his trading today. If you think of yourself as a trader, this is an interview you cannot afford to miss. And finally, on this week's mailbag Dan receives a great question about how the dollar could strengthen amidst this environment of stimulus. Another listener has a few questions about the recent censorship across big tech. Dan gives his thoughts on these topics and more on this week's episode. Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

Despite the multitude of problems facing our country, stocks keep moving higher and higher, leading more people to question if we're currently in a bubble. This leads Dan to explore two important questions. What do you do with your money when you know you're in a bubble? And what do you do if you know that bubble can last for years before popping? Then Dan invites Andrew Beer, Managing Member at Dynamic Beta Investments, on to the show to answer some questions about the world of hedge funds. Andrew joined the hedge fund industry in 1994 as a portfolio manager at Baupost for the legendary Seth Klarman. In recent years, Andrew's focus has been on how the hedge fund model can be improved based on liquidity, access, and cost perspectives. Dan and Andrew discuss his start in the industry and how things have changed over the past 3 decades. Andrew shares some of the reasons hedge funds have declined in popularity over the years.... and how his firm, Dynamic Beta Investments, is looking to change that. And finally, on this week's mailbag quite a few listeners write in to give their perspective on what living through a coup is really like. Some agree with Dan while some others take exception with how Dan spoke about the situation. One even accuses Dan of being a Trump cultist! Listen to Dan's fiery rebuttal to this email and more on this week's episode. Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

Every year, the top resolution for millions of Americans is to lose weight and get in better shape. But the numbers show this is far easier said than done. So this week, instead of focusing on your wealth, we're taking a look at your health as Dan brings fitness guru and internet sensation, P.D. Mangan, onto the show. P.D. shares the story of how at age 50, he was frail, feeling terrible, and in general poor health. But today at age 65, he's in better shape than most 20-year olds. P.D. shares the shockingly simple way he did it – without the help of dozens of supplements or steroids – and without spending endless hours in the gym. P.D. is unique in that his advice typically goes against what many traditional health experts have been saying for decades. Today, he helps teach folks of all ages how to eat right, get stronger, live longer and win with science-based health and fitness. Listen to his discussion with Dan and more on this week's episode. Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences