Stansberry Investor Hour

On this week's Stansberry Investor Hour, Dan and Corey welcome Bob Elliott back to the show. Bob is the co-founder, chief investment officer, and CEO of Unlimited. The investment firm uses machine learning to replicate the index returns of hedge funds, venture capital, and private equity. Bob explores a wide range of topics in the podcast, from counteracting inflation with certain investments to the worsening future of globalization. Bob kicks off the show by talking about the importance of holding yourself accountable with investing and about bonds in relation to the Federal Reserve's next moves. Many investors are expecting an aggressive rate-cutting cycle, but as Bob points out, the Fed may not live up to those expectations. He also discusses the flaws of the 60/40 portfolio in today's market, why you should hold gold as part of your portfolio, and two primary factors that could contribute to a long-term inflationary environment. (1:02) Next, Bob explores ways to properly balance your portfolio to preser

On this week's Stansberry Investor Hour, Dan and Corey welcome Brent Cook back to the show. Brent is an economic geologist, as well as the founder and senior adviser of newsletter company Exploration Insights. With more than 30 years of experience in property economics and geology evaluations – spanning 60-plus countries – Brent has seen it all. He is one of the most credible, successful, and knowledgeable mining-stock investors in the world. If you invest in mining stocks, this episode is an absolute must-listen experience. Brent kicks off the show by discussing what's happening at Yellowstone and what he learned  from attending Rick Rule's mining conference. Brent warns investors to beware of mining and exploration companies that are picking up old, "dead" projects and redrilling holes, purely to bump up their share price and raise capital. After, Brent details a bit about his career history and how he ended up in geology. (0:43) Next, Brent discusses what investors should look for when trying to find a min

On this week's Stansberry Investor Hour, Dan and Corey welcome Rudi Fronk back to the show. Rudi is the founder, chairman, and CEO of Seabridge Gold (SA). With more than 35 years of experience in the gold industry, Rudi is an expert in his field. He joins the podcast to talk all about precious metals mining, future opportunities for gold and copper, and what sets his company apart from the rest. Rudi begins by giving a brief history of how he got into gold mining. He shares the reason he started Seabridge with shareholder value in mind. He also breaks down some of the risks involved in mining – including working in politically unstable countries – and why he'll never build another mine again. After, he talks a bit about the technical aspects of drilling, exploration, and the process behind estimating how much gold is in the ground. (1:14) Next, Rudi discusses potential joint-venture opportunities with leading mining companies for Seabridge's KSM property, mainly thanks to increased demand for copper. He als

On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and bestselling author Larry McDonald. Larry founded The Bear Traps Report, an investment newsletter that looks at global political and systemic risks when making actionable trades. He is also a frequent contributor on CNBC, Bloomberg, and Fox Business News. Larry kicks off the show by sharing his history as a trader at Lehman Brothers and how certain parts of today's market mirror the 2008 crash. He notes that commodities are extremely cheap while semiconductors just hit an all-time high. Larry predicts that capital will migrate back toward real assets. He also discusses what a second Donald Trump presidential term would mean for the bond market, the huge risk with inflation, and a possible bright spot for the housing market as Baby Boomers age. (1:01) Next, Larry breaks down his trading strategy involving capitulation. He brings up the extreme 20% discount in copper today and makes a five-year bull case for natural gas. This le

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Mike Barrett back to the show. Mike is editor of Select Value Opportunities and senior analyst of Extreme Value. He joins the podcast to talk extensively about valuations, why you should never pay too much for a stock, and the opportunities he sees in the market today. Mike kicks off the episode by giving updates on his pecan plantation and his weekly Select Value Opportunities newsletter. He explains that this service helps subscribers beat the market while taking on less risk. The portfolio has returned about 14.5% since inception and has outperformed its benchmark for nearly 80 straight weeks. Mike's secret to outperformance is his system... It focuses on valuations and gives daily rankings of 100 well- known stocks. That way, subscribers can enter positions at an ideal moment. Mike emphasizes the importance of valuation and reminds listeners that it's a metric for future performance. (1:34) Next, Mike analyzes the differences

On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and award-winning filmmaker David Tice. David is the chief investment officer and senior adviser of a short-selling exchange-traded fund. He also is partner at Moran Tice Capital Management, an investment-advisory firm.  David kicks off the show by discussing his documentary starring Dennis Quaid, Grid Down, Power Up. The film centers around what would happen if the U.S. power grid went down and the country was left without electricity for a lengthy period of time. David talks about how preventable the catastrophe could be if the government invested in utilities. And he shares that a disaster like this could result in hundreds of millions of Americans dying of starvation or water deprivation. As David emphasizes, this is a very real danger, as America's adversaries are already in the grid from a cyberattack standpoint. (1:36) Next, David details his short-selling AdvisorShares Ranger Equity Bear Fund (HDGE). He explains that the

On this week's Stansberry Investor Hour, Dan and Corey are joined by their colleague Whitney Tilson. Whitney is the lead editor on Stansberry's Investment Advisory – Stansberry Research's flagship newsletter – as well as Commodity Supercycles and his free e-letter Whitney Tilson's Daily. Once dubbed "The Prophet" by CNBC for his prescient calls, he joins the podcast to share some financial wisdom with listeners.  Whitney kicks off the show by talking about the value of attending investing conferences and other company meetings. You can gain insights, talk to fellow investors, share ideas, and either discover promising trends or discover which trends are "bombs." Whitney emphasizes that avoiding calamities is just as important as finding the next big investment idea. He shares his experience with short selling and how he actually lost a lot of money by employing the technique. This leads to a conversation about value traps – what they are and how they can lead to ruin. (1:24) Next, Whitney details his stor

On this week's Stansberry Investor Hour, Dan and Corey are joined by E.B. Tucker. E.B. is an author, editor of The Tucker Letter, and investor with decades of experience in the precious metals market. E.B. kicks off the show by discussing the unavoidable loss of privacy in the modern era, how societal pressures influence the lives of people of all ages, and the strength it takes to challenge these conventional systems. As he explains, in both the real world and in the world of finance, you need to learn to let go in order for something better to come along. E.B. also breaks down why voting as a shareholder is so important. (1:42) Next, E.B. recommends a few nonfinance books – one about the philosophy of happiness and one about Yemeni coffee. He reminds listeners that life is about doing what makes you feel fulfilled and that you should never live according to others' expectations. This leads to a discussion about the role money plays in giving you the freedom to do whatever makes you happy. (23:16) Lastly,

On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a 50-year Wall Street veteran and the founder of our corporate affiliate, Chaikin Analytics. He also created a popular Wall Street indicator that appears in every Bloomberg and Reuters terminal in the world. Marc kicks off the show by describing why he's so bullish in this presidential-election year. He explains that we're now entering a "sweet spot" for the market, and if there are any election surprises, that would be even more reason to buy in. Marc also lists off some sectors that he's bullish on today, especially in mid-cap stocks. These areas of the market aren't making headlines, but they're seeing steady gains and present attractive buying opportunities. (1:38) Next, Marc shares his thoughts on the current AI boom and compares it with the introduction of the Netscape web browser in 1995. He discusses profit margins versus valuations, the potential loss of jobs due to AI, and the usefulness of large

On this week's Stansberry Investor Hour, Dan and Corey welcome author Alex Epstein to the show. Alex has written several books advocating for the use of fossil fuels, including his most recent work, Fossil Future. The self-described "energy-freedom advocate" joins the podcast to challenge the popular climate-change narrative and provide more context for the crucial role fossil fuels play in society. Alex kicks things off by weighing in on the debate around climate change and the effects of fossil fuels. He argues that the benefits of using fossil fuels far outweigh the negatives and that, in many cases, energy can be used to overcome any adverse effects. Alex also breaks down the myth of unsustainability, the anti-human bias implicit in environmentalism, and the incorrect belief that more folks die of climate-related catastrophes today than in the past. (2:38) Next, Alex discusses his impact with politicians and lawmakers. He explains that 200 major political offices use his content to direct policy and bec

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague John Engel to the podcast. John is the lead equity analyst on the Stansberry Innovations Report newsletter, where he finds companies that are revolutionizing their respective industries with cutting-edge technology. He also works on Prosperity Investor, a newsletter that focuses on opportunities in the health care sector. John kicks off the show by detailing the new Biosecure Act that's currently moving through Congress. Its purpose is to limit China's access to U.S. biological information. As he explains, this legislation is going to disrupt the industry, hurt biotech companies, and possibly even bankrupt the smaller players. But, conversely, it's going to allow other contract development and management organizations to replace Chinese ones, creating massive opportunities for investors. John also shares how he got his start in the biotech field at a fermentation lab and as a molecular biologist before shifting to the world of fin

On this week's Stansberry Investor Hour, Dan and Corey welcome Dave Collum back to the show. Dave is a professor of chemistry at Cornell University and associate editor of the Journal of Organic Chemistry. He's outspoken about many topics and issues ranging from finance to politics and everything in between. And he brings this same no-holds-barred attitude to today's podcast. Dave starts off by discussing the link between vaccines and autism, why "live" attenuated vaccines are better than "dead" ones, and the effects of the COVID-19 vaccine. He specifically mentions how children in the U.S. receive about 72 vaccinations during childhood, while children in Europe receive only three. He also argues that the war in Ukraine is a direct result of NATO interfering and forcing Russian President Vladimir Putin's hand. (5:31) Next, Dave talks all about the U.S. government. He breaks down why the U.S. has never supported burgeoning democracies abroad and why it's a better move geopolitically for the country to work wi

On this week's Stansberry Investor Hour, Dan and Corey are joined by Chris DeMuth Jr. Chris is a co-founder and managing partner of hedge fund Rangeley Capital. He invests in mispriced securities with limited downside and corporate events that unlock value for shareholders. Chris kicks things off by explaining what event-driven investing is, how he uses it, and how the concept of "counterparty selection" is involved. He also breaks down what demutualization and remutualization are and how there are numerous opportunities in the banking sector today to deploy these strategies. According to Chris, many small-cap community banks out there are attractive in terms of valuation versus large caps. (3:11) Next, Chris describes the U.S. Treasury Department's "inept, corrupt, and profligate" Emergency Capital Investment Program ("ECIP"). He gives two in-depth examples of ECIP bank stocks that were trading for far less than they were worth – Bay Community Bancorp and Ponce Financial. And he discusses why investors who

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Bryan Beach back to the show. Bryan is the editor of Stansberry Venture Value and a senior analyst on Stansberry's Investment Advisory. Bryan kicks the show off by discussing the GameStop meme-stock craze and the deep-value market dynamics that were at play during the whole debacle. He argues that the "dumb money" folks (such as Keith Gill) got a bad rep and the self-titled "smart money" folks weren't very smart. (3:13) Next, Bryan talks about the bubbles in special purpose acquisition companies ("SPACs") and Software as a Service ("SaaS"). He points out that the pendulum can quickly swing from overloved to overhated. Bryan shares that, because of this, he's still finding winners in the SPAC scrap heap and he believes SaaS valuations are far too low today. He also explains how retail investors got clobbered by the smart money on SPACs and why cannabis stocks present such a good opportunity now with the impending reclassification o

On this week's Stansberry Investor Hour, Dan and Corey welcome Lyn Alden to the show. Lyn is an independent analyst, bestselling author, and founder of Lyn Alden Investment Strategy – an investment research service for both retail and institutional investors. She kicks the podcast off by describing how her background in engineering has influenced her macroeconomic investing style. She explains why she became so interested in macroeconomics in the first place and why 2017 was a turning point for the U.S. economy. Lyn also talks about fiscal dominance – or when fiscal deficits and federal debts are large enough that they start reducing a central bank's options. She puts this in the historical context of the 1970s and clarifies why inflation and interest rates are so complexly intertwined today. (4:39) Next, Lyn shares her outlook for the U.S. economy, including higher-than-baseline inflation for the foreseeable future and the country being in a similar situation to emerging markets. She discusses areas of th

On this week's Stansberry Investor Hour, Dan and Corey are joined by the founder and president of Chisholm Exploration, Cactus Schroeder. Cactus kicks off the conversation by describing the current economics of the oil industry, why rig counts are deceptive, what's happening with the Haynesville Shale and Marcellus Shale, and the upside in natural gas. He also explains why the Barnett Shale has become so attractive, how Chisholm Exploration differs from the oil majors, and how these larger companies essentially control the price of oil. (4:18) Next, Cactus discusses why his company prefers oil to natural gas, earthquakes as a side effect of drilling, and how the Biden administration has been hampering exploration and pipeline development. He also details his experience in the Eastern Shelf region, including both good and bad wells and royalty interests. (21:52) Lastly, Cactus covers the oil major he finds the most interesting today, the green-energy movement, and what's on the horizon for oil. He brings up Sa

David Trainer, the founder and CEO of New Constructs, joins the show. He kicks off the conversation by describing how his company takes value investing to the next level with AI. He explains that the days of buying stocks and holding them forever are gone. Today's investing landscape requires investors to be more agile, and AI helps with this. David specifically mentions how he uses AI to sort through millions of financial filings, footnotes, and data points to give him an edge and produce better results. However, he warns that AI is only as good as the data that goes into it. (3:49) Then, David talks in depth about how humans are still involved in the investing process, including making decisions when the AI is unsure how to interpret certain findings. He breaks down how New Constructs' technology is giving clients a competitive advantage and augmenting the rest of their strategy. Plus, David discusses the importance of using both technicals and fundamentals when investing, and he shares why expectations mat

David Daglio, the chief investment officer and global investment strategist of wealth- advisory firm TwinFocus, joins the show. He kicks things off by describing himself as a contrarian, and he explains that understanding who you are as a person will lead to the best investing results. After, he goes into detail on how TwinFocus looks for creative "straw hat" solutions that the market isn't seeing. Plus, he talks about risk premiums, the current opportunity in natural gas, and the 30-year discount in gold-mining stocks. (3:29) Next, David discusses the advantages and disadvantages of working at a large firm versus being an individual investor. He shares that individual investors have the advantage of not being overloaded with information, plus they're their own boss and can make their own decisions. David also details the three conditions TwinFocus looks for before jumping into an investment, the importance of recognizing your own intellectual biases, and how market skepticism can be a huge opportunity. (15:

Gary Mishuris of Silver Ring Value Partners talks about today's market being one of the most challenging periods for bottom-up investing since 2007. In terms of the quality of a business versus its stock price, there isn't a lot of opportunity right now. But he emphasizes that transparency and candor with clients is essential, as is prioritizing the long-term process over short-term performance. (5:19) Next, Gary describes what sets Silver Ring Value apart from other fund managers. He shares why he left the "sausage factory" of larger firms behind, how his firm makes money for clients rather than off of clients, and how his unique temperament and behavioral models allow him to make better investing decisions. (14:38) Gary also goes into detail on the psychology behind investing and compares it with a game of poker. He talks about trying to avoid making mistakes, continuously learning from past errors, the importance of having guardrails in place, and cutting your losses. (21:44) Then, Gary explains why you

Dan and Corey kick off the show by discussing inflation staying persistently higher, rampant government spending and money-printing, and the repercussions of the Federal Reserve's decade-plus of low interest rates. (0:41) Next, Cambria Investment Management's Meb Faber joins the conversation to talk about the exchange-traded funds ("ETFs") at Cambria and why the team focuses on shareholder yield when picking stocks for these ETFs. He breaks down the importance of shareholder yield in mega-bubble markets like today's and urges investors to pay more attention to it. (24:25) Meb then discusses managing risk on a portfolio level, including focusing on quality and value. He also covers why emerging and foreign markets are so attractive today, the opportunity in fixed-income investments like bonds and Treasury bills, and how higher interest rates have changed the game. (38:21) Finally, Meb describes himself as a value investor and shares which areas of the economy he's most concerned about. He talks about infla