Gunslinging Gambler or Cautious Investor: Which One Are You?
Release Date: 12/30/2024
Winning Stocks Can Still Be Losing Investments
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Rupal Bhansali back to the show. Rupal is the founder, CEO, chief investment officer, and portfolio manager of investment adviser Double Duty Money Management. She's also the author of the book Non-Consensus Investing and a leading figure in value investing, with more than three decades of experience. Rupal kicks off the show by discussing her investment philosophy, how she defines "winning" in the stock market, the main misconception about contrarian investing, and why it's more important to not lose money in the market than to...
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U.S. Stocks Have Limited Upside From Here
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Mike Barrett back to the show. Mike is the editor of Select Value Opportunities and senior analyst for Extreme Value. He has decades of cash-flow modeling and valuation expertise that he uses to find underappreciated, high-quality growth stocks. Mike kicks things off by discussing President Donald Trump's tariffs, their implication in the context of broad market cycles, and a potential 2026 low. He explains that he believes stocks have limited upside from here because of extreme positive sentiment and rampant overvaluation. And...
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How to Turn Chaos Into Cash With Volatility Trading
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey are joined by Jim Carroll. Jim runs the Vixology Substack, where he analyzes stock market volatility. He also serves as senior wealth adviser and portfolio manager for investment adviser Ballast Rock Private Wealth. Jim kicks off the show by describing how he got his start in finance and how he found his way to volatility trading with CBOE Volatility Index ("VIX") futures. He breaks down what caused "Volmageddon" in February 2018, what he learned from the experience, and which specific factors drive the VIX. As Jim explains, many...
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America Doesn't Own America Anymore
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Garrett Baldwin to the show. Garrett is a research economist, financial analyst, and investigative journalist. He's also a contributor to our flagship newsletter, Stansberry's Investment Advisory, as well as author of the Me and the Money Printer Substack. Garrett kicks off the show by explaining how he got his start in finance, why leaving the gold standard was the American economy's "core breaking point," and how liquidity is driving boom and bust cycles. He says that even though Consumer Price Index inflation can come in...
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Buffett's Departure as Berkshire CEO May Be a Good Thing
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Vitaliy Katsenelson back to the show. Vitaliy is the CEO and chief investment officer of Investment Management Associates. He's also an author, award-winning writer, and founder of "The Intellectual Investor" newsletter and podcast. Vitaliy kicks off the show by discussing the difficulty in writing books and how he has evolved as an investor over the years. He explains that through continuous trial and error, he has learned not to dumpster-dive for bad stocks just because they're cheap. He emphasizes the value of good...
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The U.S. Dollar Will Fail in the Next 10 Years
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Larry Lepard to the show. Larry – who boasts more than four decades of investing experience – is the co-founder and managing partner of Equity Management Associates. He's also the author of the recently released book The Big Print: What Happened to America and How Sound Money Will Fix It. Larry kicks off the show by diving deep into gold – why its price has been soaring recently, where its price could go next, and why a return to the gold standard after "50 years of mismanagement" would be a long-term positive. This leads to...
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The Secret to Investing in Retail
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Alex Morris to the show. Alex is the founder of TSOH (The Science of Hitting) Investment Research and an author. TSOH, which boasts more than 20,000 subscribers, aims to generate attractive long-term returns while providing complete transparency on the research process, portfolio decision-making, and returns. Alex kicks off the show by discussing the inspiration behind his new book, Buffett and Munger Unscripted: Three Decades of Investment and Business Insights From the Berkshire Hathaway Shareholder Meetings. He goes in depth on...
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The Tariff Drama Is Temporary – But AI Is Here to Stay
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Rob Spivey back to the show. Rob is the director of research at our corporate affiliate Altimetry. With both buy-side and sell-side experience, he offers his unique perspective on the markets today. Rob kicks off the show by describing how Altimetry uses "Uniform accounting" to get a better sense of a company's financials and the health of the U.S. market as a whole. This leads to a conversation about corporate profitability, credit risk, and the future of AI. Rob explains the role Elon Musk's Department of Government Efficiency...
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What to Do When the Market Punches You in the Face
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome Chris Mayer back to the show. Chris is co-founder and portfolio manager of Woodlock House Family Capital – a firm that focuses on long-term, patient investing. He has also written several books, including 100 Baggers: Stocks That Return 100-to-1 and How to Find Them. Chris kicks things off by breaking down his "CODE" acronym that he uses for picking stocks – cheap, owner operator, disclosures, and excellent financial condition. He lists Brown & Brown as an example of one such company that checks all four boxes. And he...
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Expect Corporate Bankruptcies and a Recession This Year
Stansberry Investor Hour
On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Mike DiBiase back to the show. Mike is the editor of Stansberry's Credit Opportunities and senior analyst for Stansberry's Investment Advisory. Mike kicks off the episode by discussing the rampant fear in the stock market today. He notes that this fear is not yet reflected in the credit market, which is a "mistake," as credit investors should be more concerned. Mike then talks about the lack of good high-yield bonds out there, corporate bankruptcies being on the rise, the worrying number of zombie companies,...
info_outlineOn this week's Stansberry Investor Hour, Dan and Corey welcome Herb Greenberg back to the show. Herb started out as a financial journalist and now publishes On the Street, a newsletter that offers observations, insights, and opinions on various stocks and the broad market. Herb has spent 50 years researching and writing about the markets, and he joins the podcast to impart some of his wisdom.
Herb starts off by reintroducing himself, his opinions on market risk, and his history with long-biased research. He emphasizes that knowing yourself, your psychological makeup, and your skill set are crucial components to success. Some investors thrive under the pressure and enjoy the gambling nature of stocks, while others prefer to sleep well at night and take a more cautious, long-term approach. Either route is OK. And the same principle applies to specifics like when to sell a stock... "There's no one size fits all," Herb says. But the upside to every mistake is that you'll quickly learn more about yourself. (1:22)
Next, Herb discusses a recent post in his On the Street newsletter about home-furnishings company RH. Not long ago, RH's CEO made comments concerning debt that raised many red flags. This leads to a conversation about software company MicroStrategy, which has been using debt to buy bitcoin. "It's a pyramid atop a pyramid," Herb quips. He also shares his thoughts on bitcoin itself, talks about the 2021 market mania where "everyone was a bag holder," and dives into how retail and institutional investors differ in risk versus reward. (19:27)
Finally, Herb evaluates today's market optimism and the potential for an inflection point. He notes that many garbage stocks have gone from deep in the red to in the green this year for no reason other than hype. Herb then urges investors not to get complacent with their portfolio holdings and to always consider differing opinions on stocks, in case the setup has changed since you first bought in. "You lose sight of the ones that have not been problem children." Herb rounds things out with a discussion about short selling and market inefficiencies created by passive investing. (38:29)