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 investors don't realize that the VIX can soar higher when everyone is piling into buying call options. (0:46) Next, Jim talks about his "VIX Mix" composite of 17 different indicators that he uses as a warning signal for what's about to happen in the markets. This applies to both the downside and the upside, with the VIX Mix predicting crashes and rebounds alike. Though primarily for trading, Jim explains that long-term investors

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 at 3% officially, actual currency debasement is 6% to 8% per year based on real assets. This leads Garrett to break down the "Cantillon effect," how everyday folks are most disadvantaged by excessive money printing, and why the American manufacturing sector has been destroyed. He also delves into the troubling trend of Americans essentially paying rent to foreign investors, why we'll "hit a wall" in 2026 or 2027, and how you

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 management, knowing your own strengths, and allowing yourself to say no to investments that aren't in your circle of competence. Vitaliy also gives his thoughts on Warren Buffett's retirement and Berkshire Hathaway's stock today. (1:40) Next, Vitaliy shares his experience running portfolios and how his strategy differs from Buffett's. This leads to a conversation about what could happen to Berkshire after Buffett passes and what m

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 a conversation about President Donald Trump's tariffs and their potential unintended consequences, Elon Musk's disappointing Department of Government Efficiency, Trump's run-in with the bond vigilantes, and what could break Federal Reserve Chair Jerome Powell's stubbornness to lower rates. (1:47) Next, Larry talks about the psychological difficulty of bottom-fishing in the stock market and how fixing the monetary system could

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 what he learned from Warren Buffett and Charlie Munger in the process of crafting his book, including understanding incentives, management turnover, and which macroeconomic factors are important. (1:46) Next, Alex talks about the "pointed" questions Buffett and Munger got during the dot-com era from shareholders who doubted their abilities. Then he breaks down his own investing style, how that style has evolved over the

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 is playing in implementing AI at the federal level, how AI could revamp Medicare and Medicaid, and what the fiscal multiplier effect means for government spending and AI. (1:47) Next, Rob breaks down the entire AI ecosystem and its many parts. He cites Twilio as an example of an AI company that's leveraging this technology in interesting ways today. And he goes in depth on a hidden opportunity in AI investing: companies t

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 shares a trucking company he likes because of its lower-than-average turnover rate. This leads to a conversation about the importance of management having skin in the game and why investors should mostly leave their portfolios alone. Chris then uses Monster Beverage as a case study for identifying a good company. (1:47) Next, Chris talks about investor psychology. He says that it's difficult to hold stocks through large drawdo

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, the Starbucks recession indicator, consumer confidence hitting a 12-year low, and why he believes things are "not going to end well" for the economy. (1:40) Next, Mike examines the budget-deficit problem and the market's expectation that the government will always bail it out. He highlights the fact that the U.S. has been printing money at an above-average rate the past year and says he believes inflation will spike once mo

On this week's Stansberry Investor Hour, Dan and Corey are joined by John Barr. John is a managing director at Needham Funds, where he has served as co-portfolio manager of the Needham Growth Fund and portfolio manager of the Needham Aggressive Growth Fund for 15 years. John kicks things off by discussing his investment philosophy, what Needham Funds does, and the power of compounding. He says he tries to find companies that are hidden compounders that will eventually turn into quality compounders. This leads John to share the four criteria he looks for when trying to find hidden compounders. He names two such companies that fit the criteria, breaking down the thought process for Needham's investing in each one. (1:39) Next, John explains why he's such a fan of family-run businesses and names a power-conversion company he likes that's still being led by its founder. He then discusses what sets Needham apart from other funds, including its preference to hold on to quality companies for a long time – even th

On this week's Stansberry Investor Hour, Dan and Corey welcome Matt Weinschenk back to the show. Matt is the director of research at Stansberry Research. He's also the editor of the free weekly newsletter This Week on Wall Street and a member of the investment committee for Stansberry Portfolio Solutions. Matt kicks things off by describing what he does at Stansberry Research and what type of investor he is. Because his career began right before the great financial crisis, he says he tends to lean more conservative. This leads to a discussion about controlling risk, preparing for market surprises, and needing to "get slapped in the face a few times" to understand the stakes. After, Matt gives his nuanced take on crypto – from its use for diversification to the "scam" meme coins. (1:39) Next, Matt weighs in on artificial intelligence ("AI") and the huge amounts of capital flowing into the sector. He explains that there are safer ways to invest in AI than buying the headline-making names, using Nvidia versus

On this week's Stansberry Investor Hour, Dan and Corey welcome Dan Rasmussen back to the show. Dan is the founder and portfolio manager of asset-management firm Verdad Advisers, as well as a bestselling author. His most recent book, The Humble Investor, came out just last month.  Dan kicks off the show by explaining what motivated him to write The Humble Investor. This leads to a discussion about why savvy investors should be skeptical of forecasts and why they should always consider whether other investors are looking at the same data and reaching the same conclusions as them. One area where this is a big problem is AI. It's capital intensive with very little return thus far, yet investors are blindly buying into AI stocks on lofty expectations. Dan points out that the "Magnificent Seven" are riskier than most folks realize, and this overvaluing of U.S. stocks has made foreign investors begin to look at other countries' markets for opportunities. (1:47) Next, Dan talks about investors mistakenly being und

On this week's Stansberry Investor Hour, Dan and Corey welcome Jeffrey Hirsch to the show. Jeffrey is the editor-in-chief of the Stock Trader's Almanac – a book that has been published annually since 1967 and that analyzes stock trends, patterns, and cycles. He is also the editor of the Almanac Investor newsletter, which releases monthly and provides strategic investment advice.  Jeffrey kicks off the show by describing how he got his start interpreting data and how he eventually ended up working on the Almanac. That leads to a discussion about what has changed in the Almanac over the decades versus what has stayed the same – in terms of both human behavior and content. Jeffrey also talks about President Donald Trump shaking things up, what has happened historically in postelection years, and where he believes the market could go from here. (1:39) Next, Jeffrey reviews the basics of risk control that all the best investors follow and which fundamentals his team looks at to evaluate stocks. He also explains

On this week's Stansberry Investor Hour, Dan and Corey welcome Charlene Chu to the show. Charlene is the China and India macrofinancial senior analyst at the independent global research firm Autonomous Research. Dubbed the "rock star" of Chinese debt analysis, she joins the podcast to talk all about China and India's current economic happenings.  Charlene kicks off the show by explaining her macroeconomic background and experience studying China's economy. She discusses whether China is still worth investing in, which specific area of the Chinese market looks most promising, and what's going on right now in China's property sector. Charlene also goes in depth on President Donald Trump's tariffs that will impact China and what the administration is potentially hoping to gain in negotiations. (1:41) Next, Charlene explores India's weaknesses versus China in becoming a global manufacturing hub – this includes its bureaucracy, onerous labor laws, and lack of infrastructure. She says that India is currently whe

On this week's Stansberry Investor Hour, Dan and Corey welcome Benoit La Salle to the show. Benoit is the president and CEO of Aya Gold & Silver (AYA.TO). He has more than 25 years of experience developing and operating responsible mining companies in West Africa. Benoit kicks things off by describing Aya's first-mover advantage in Morocco, why the country is destined to become a top mining jurisdiction, and how mining in Saudi Arabia differs from Morocco. He also explains why he's so excited about silver today. While the metal is in high demand as an industrial asset (such as for making solar panels and AI chips), it's not yet fully appreciated as a financial asset. But Benoit believes a shift is inevitable – and already underway – which will cause silver's price to soar. (1:47) Next, Benoit delves into the specifics of Aya's mines in Morocco, including those that aren't yet in production. He shares that Aya is spinning off its Amizmiz Gold Project to a new gold-mining company called Mx2, of which Aya

On this week's Stansberry Investor Hour, Dan and Corey welcome Pieter Slegers to the show. Pieter is the founder of Compounding Quality, an investment newsletter that boasts more than 440,000 subscribers.  Pieter kicks things off by sharing how he got his start in asset management, why he began investing in U.S. stocks, and the difference between value investing and quality investing. This leads to a discussion about Warren Buffett's impressive track record and one particular software company that Pieter likes today. He breaks down several criteria he uses when looking for investment opportunities – including founder-led businesses, long-tenured CEOs, and wide moats – and how exactly he narrows down his list. (1:40) Next, Pieter talks about the evolution of his successful X account that he began anonymously but eventually put his face on after it gained a lot of attention. As Pieter emphasizes, if you're taking investment advice from someone, that person should be invested alongside you and have skin in th

On this week's Stansberry Investor Hour, Dan and Corey welcome Frank Trotter to the show. Frank is the president of Battle Bank, which is looking to revolutionize the digital-banking industry. Frank kicks off the show by sharing how he got his start in banking and how interest rates have changed over the decades due to various crises and bear markets. That leads to a discussion about the U.S.'s 10-year Treasury yield and why it has soared since the Federal Reserve cut rates. Frank also dives into EverBank, the direct-to-consumer online bank he co- founded in 1998 that amassed $28 billion in total assets. (1:40) Next, Frank explains what the current regulatory environment is like and how EverBank survived the dot-com bust. He then goes in depth on Battle Bank, which is focusing on the national direct-to-consumer branchless market. Frank covers Battle Bank's conservative strategy for lending money, whether environmentalism and politics have had any impact on lending to natural resource companies, and the spec

On this week's Stansberry Investor Hour, Dan and Corey welcome Hendrik Bessembinder to the show. Hendrik is a business professor at Arizona State University. With more than 40 years of teaching experience and 25 years of consulting experience, he joins the show to impart some of what he has discovered over his decades of work. Hendrik kicks things off by introducing himself and sharing how he got involved in teaching. After that, he talks about his breakthrough research studying the performance of stocks versus Treasury bills, why investing over a long time horizon is crucial, and the importance of finding a competitive advantage in the markets. Hendrik then compares stock picking with professional athletics, as both are rare skills that only small portions of the population excel at. (1:47) Next, Hendrik reveals that he's skeptical of any system that alleges it can make you wealthy, because the markets are competitive and constantly evolving. He says it all comes down to probabilities – and trying to gain

On this week's Stansberry Investor Hour, Dan and Corey welcome Jim Osman back to the show. Jim is the founder and chief vision officer of consulting group The Edge – which helps its clients and investors unlock hidden corporate value from "global special situations." Jim kicks off the show by detailing his new book that's coming out next month. It's targeted at individual investors, giving them more tools to succeed against Wall Street. Jim also discusses the importance of being yourself on social media, staying objective when it comes to investing, and how he finds special situations to profit from – mainly, spinoffs and insider buying. He explains how everyday investors can gain both an analytical edge and a behavioral edge over the markets. But as he warns, gaining such an edge involves doing your own hard work. (1:47) Next, Jim covers what's going on in the markets right now. He says there are a lot of spinoffs happening, but he has found that in the past year, the parent company has provided the best

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Eric Wade back to the show. Eric is the editor of Crypto Capital and Stansberry Innovations Report here at Stansberry Research. He returns to the podcast to talk all about crypto – from the bitcoin bubble he expects to happen this year to two free crypto recommendations.  Eric kicks off the show by explaining the four-year bitcoin cycle. He breaks down how bitcoin halvings fit into it and its four one-year parts – crash, accumulation, growth, and bubble. He also covers how this cycle has played out in the past, optimism fueled by Donald Trump's presidential win, the possibility of a U.S. Bitcoin Strategic Reserve, tailwinds for further crypto adoption, and several indicators to help you spot the top of the next bitcoin bubble. However, he warns listeners to temper their expectations for gains this year. (1:46) Next, Eric discusses the exciting world of "altcoins," i.e., cryptos other than bitcoin. These altcoins can range from s

On this week's Stansberry Investor Hour, Dan and Corey welcome Keith Kaplan back to the show. Keith is the CEO of our corporate affiliate TradeSmith. And he's excited to share a breakthrough technology that he and his team have worked tirelessly to develop... Keith kicks off the show by discussing how you can use TradeSmith's new software to leverage stocks and short-term moves in order to generate income. It involves understanding both market seasonality and an individual stock's seasonality. Keith uses Tesla as an example and breaks down how he made 50% short-term gains just from reviewing past data trends. He notes that TradeSmith's data gets updated constantly, so if patterns change, users will know. After running 2.2 quintillion market tests, the TradeSmith team found the most optimal seasonality periods for 5,000 individual stocks and funds. And the numbers speak for themselves, with an 82.8% win rate and median gains of 6% over 15 trading days. (1:51) Next, Keith goes further in depth about how the