Stansberry Investor Hour

As we start a new year, Dan is keeping up with his tradition of sharing his Top 10 Potential Surprises for 2021. Could one of 2020's hottest stocks take a big hit? Could we see a massive correction in the entire market soon? Could Bitcoin continue on its current pace or is a crash imminent? Dan covers these topics and more, sharing some huge surprises that would stun the investing world. And just like last year, Dan plans on coming back to these surprises later in the year to check and see if any of them come to fruition. Plus, Dan brings new guest onto the show, Christopher Mack. Chris works for investment management firm, Harding Loevner, where he started in 2004. Today he works as an analyst in Information Technology, a portfolio manager, Global Small Companies (Co-Lead), and as a Global Equity & World Equity Partner. Dan and Chris have a long in-depth discussion on opportunities they see happening in the markets in 2021. Chris also shares some helpful insights to be aware of that he's learned in his experience working as a portfolio manager since 2004. Chris even shares some of his favorite stocks, including two retail stocks that have niches outside of the Amazon ecosystem that could thrive in the coming years. 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

As 2020 draws to a close, it's time to look back at an incredible year of Stansberry Investor Hour interviews.  We're not just doing a simple year in review of the markets though. Instead, Dan and his crew took the time to gather up the very best clips from the most important episodes of Stansberry Investor Hour – ones that he says could have a profound impact on your wealth. It's an episode jam-packed with valuable insights from some of the biggest legends in the investing world. Dan recaps some amazing lessons he's found from some influential thinkers like Jack Schwager (episode 183), Annie Duke (episode 181), Raoul Pal (episode 140), Bill Browder (episode 153), John Stossel (episode 159), and many more... Plus, Dan takes a look back at some of the predictions made and how their advice would have panned out if you followed it over the year. It's the one episode this year you DEFINITELY don't want to miss. Listen to Dan's most influential interviews of the year on this week's episode.

On this week's episode of the Stansberry Investor Hour, we're doing something a little different. Long time listeners may remember that on January 3, 2020 (Episode 135), Dan shared with everyone his Top 10 Big Surprises for 2020... Well today we'll take a look back and see how Dan did. Why do this? Dan wants to hold himself accountable. Too often, financial media will just make claims and predictions all day long and never review them down the road for any sort of accuracy. At the Stansberry Investor Hour, we want to do things differently. So Dan wants to be 100% transparent. He covers exactly what he said at the beginning of the year and how those discussions look with the benefit of hindsight... including the topics he was way off on... and the topics he called with incredible accuracy.... It's an episode you won't want to miss.

On today's show, we're bringing in a very special guest... His investing roots run so deep, his family was the subject of the book, The Davis Dynasty: Fifty Years of Successful Investing on Wall Street. This week, Dan invites Chris Davis onto the show. Chris is the chairman of Davis Advisors, an independent investment management firm founded in 1969 with over $23 billion in assets under management. Since its inception in 1969, the Davis New York Venture Fund has outperformed the S&P 500 in 98% of 20-year holding periods. In fact, 4 out of 5 Davis equity funds have been the market since their inception. Chris joined Davis Advisors in 1989 and now has over 3 decades of experience in investment management and securities research. He's even previously been recognized as Morningstar Domestic-Stock Fund Manager of the Year in 2005. During their conversation, Chris shares his philosophy on how discipline in your investments is key to building wealth over time. And why his strategy has produced outstanding results in just about any environment – including periods of inflation, recession, rising and falling energy prices, rising and falling interest rates, and bull and bear markets. Chris gives a ton of incredible insight from his decades of experience managing money using real world examples you likely haven't heard anywhere else. 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/

In a very busy year, Bitcoin has flown relatively under the radar... despite reaching all-time-highs at the beginning of December. Bitcoin is up around 152% year to date. We're steadily seeing higher highs and higher lows. So Dan brought Bitcoin Bull and legendary value investor, Mark Yusko, onto the show to discuss the rise. Mark is the founder CEO and Chief Investment Officer of Morgan Creek Capital Management, which currently has around $2 billion in discretionary and non-discretionary assets under management. He is also the Managing Partner at Morgan Creek Digital Assets... and has been very bullish on Bitcoin for years. He calls Bitcoin a "better form of gold, a digital store of value." Dan and Mark have a long in-depth discussion on the world's most popular cryptocurrency. Dan plays devil's advocate and grills Mark on Bitcoin every which way... What happens if the government tries to ban Bitcoin? What if someone wanted to hack the system, couldn't they steal all the Bitcoin? Won't some new innovation come along and eventually replace Bitcoin? Mark responds giving a ton of incredible insight and information you likely haven't heard anywhere else. 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/

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/

Is the 'Fed Put' a real thing? On today's opening rant, Dan reads some excerpts from a Barron's article titled, "Yes, The 'Fed Put' Really Does Exist. That Could Be Bad News for Bulls." Dan examines the facts presented and unpacks what that means for you and your money. Then during this week's interview, Dan sits down for a conversation with Keith Kaplan. Keith is a veteran software architect with over 25 years of experience and is now CEO of Tradesmith. When he's not running his business, Keith speaks frequently for large groups of investors nationwide about the psychology of investing and how our behavior is the #1 factor of investing success. During their conversation, Keith shares a personal story of how developing factor-based investing software for Tradesmith helped turned his personal financial situation around. Before, Keith was deeply in debt despite a good job and growing salary. The situation was so dire, he had to borrowed money from his children to help pay off some of his loans. Today, he's practically debt-free (outside of a mortgage) with a healthy growing nestegg. And finally, on this week's mailbag, Dan answers a flurry of questions about Bitcoin, as the world's most popular cryptocurrency nears all-time-highs... What are your thoughts on companies that pay interest on crypto? And could Bitcoin really withstand pressure from the U.S. government and Central Banks? Listen to Dan's address these concerns and more on this week's episode.   For more from Stansberry Research, check out the American Consequences podcast here: https://americanconsequences.com/podcast/

Over the last few years, there's been a few small headlines questioning if value investing is still viable... Now The Economist has published a new article on value investing that has caught Dan's eye. Dan digs into some popular value metrics and the future of the value investor and on his opening rant. Then Dan sits down for a conversation with Annie Duke. Annie is a former professional poker player who won over $4 million in poker before retiring in 2012. Today she is an author, corporate speaker, and consultant in the decision-making space. Annie and Dan talk at great length about her latest book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts. Annie provides the listeners with a framework for making better decisions and producing more consistent investment results. Annie says by shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making... something every investor needs to master. And finally, on this week's mailbag, Dan answers questions about DRIP investing and entering the crypto space for the first time... But turns out tensions are still high from last week's episode. Today, two different listeners write it accusing Dan of being unpatriotic. Listen to Dan's full rebuttal and more on this week's episode. And check out our other podcast: American Consequences with Trish Regan: https://americanconsequences.com/podcast/

On today's rant, Dan gives an update on some of the biggest investing stories still flying under the radar – the rise of Bitcoin, and the growing herd of zombie companies in the United States. Dan shares some facts from the Bank of International Settlements that'll make your skin crawl. Then on this week's interview, Dan sits down with Jim Masturzo, who leads Research Affiliates Asset Allocation Research & Trading Team. Jim oversees both the quantitative modeling used to manage the firm's portfolios and the firms daily trading efforts. Research Affiliates is an amazing website with free resources that can help any investor. During their conversation Jim discuss the firm's philosophy on investing allocation and risk, as well as new products designed to help investors meet their financial goals. And finally, on this week's mailbag, things get a little heated. Dan shares a couple emails from listeners giving their two cents on election fraud. One even challenges Dan and says his financial advice is in "dreamland." You won't want to miss Dan's response. Listen to Dan's full rebuttal and more on this week's episode.  

With votes still being tallied in several states days after Election Day, this race has been closer than many in the mainstream media expected. Our mailbag has been exploding with hundreds of questions from listeners about the impacts of each side winning could have on the markets. It's an extremely complex issue that could have big implications for you and your money. So Dan decided to bring in geopolitical expert, Marko Papic, onto the show for this week's interview to help him answer some questions. Marko works as partner and chief strategist at Clocktower Group, an alternative investment asset management firm where he leads the firm's strategy team providing bespoke research to clients and partners on geopolitics, macroeconomics, and markets. Marko is also author of the book, Geopolitical Alpha: An Investment Framework for Predicting the Future. Dan and Marko talk about the implications of a Trump victory versus a Biden victory, the likelihood of the Senate switching, as well as some industries that could explode whether Trump or Biden is elected. But Marko has a warning for the bulls. He says that his research shows there's about a 30% chance there could be a big 'hiccup' that currently isn't being priced into the market...