Podcasts about 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 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 can protect yourself from the inevitable fallout. (0:59) Next, Garrett analyzes a pattern that warns him to flee the markets, plus the contrarian signal of insider buying that he uses to time his reentry into the markets. He notes that this trend has been playing out consistently since 2008 and allows those aware to successfully buy the dip. Garrett says that company fundamentals still matter, however, and he explains what he looks for in a company before investing. He then reviews liquidity versus momentum, the Federal Reserve's relationship to liquidity, a core problem with the traditional banking system, and why the Fed tolerates shadow banking. (21:48) Finally, Garrett talks about the relationship between liquidity and bitcoin, why he likes silver today, and how quantitative easing paradoxically leads to a higher dollar. He explains that many paradoxes in our fiat currency system started in the 1990s, thanks to six major policy shifts and their incentives. Garrett goes in depth on how such policy has affected our financial system today and made the Fed more consequential for our wallets than the president. (41:38)

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 can protect yourself from the inevitable fallout. (0:59) Next, Garrett analyzes a pattern that warns him to flee the markets, plus the contrarian signal of insider buying that he uses to time his reentry into the markets. He notes that this trend has been playing out consistently since 2008 and allows those aware to successfully buy the dip. Garrett says that company fundamentals still matter, however, and he explains what he looks for in a company before investing. He then reviews liquidity versus momentum, the Federal Reserve's relationship to liquidity, a core problem with the traditional banking system, and why the Fed tolerates shadow banking. (21:48) Finally, Garrett talks about the relationship between liquidity and bitcoin, why he likes silver today, and how quantitative easing paradoxically leads to a higher dollar. He explains that many paradoxes in our fiat currency system started in the 1990s, thanks to six major policy shifts and their incentives. Garrett goes in depth on how such policy has affected our financial system today and made the Fed more consequential for our wallets than the president. (41:38)

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 made Vitaliy decide "I don't want to be like Buffett." He gives his nuanced take on learning from legendary businessmen and other historical figures without agreeing with them on everything. Similarly, the U.S. trading with countries it disagrees with (like Russia) is important. Vitaliy discusses his own experience growing up in the Soviet Union and being "brainwashed" to hate Americans. And he talks more about finding a good work-life balance, no matter your career. (21:19) Then, Vitaliy dives into the psychology behind decision-making and willpower. He quotes one of his favorite sayings as a reminder to investors: "Knowing and not doing is not knowing." After that, Vitaliy shares why he believes Uber Technologies still has a lot of upside today. He notes that the stock isn't cheap, but it is undervalued. And he breaks down his reasoning for wanting to hold the stock long term, including its potential to incorporate Waymo or other self-driving cars on its app. (39:26)

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 made Vitaliy decide "I don't want to be like Buffett." He gives his nuanced take on learning from legendary businessmen and other historical figures without agreeing with them on everything. Similarly, the U.S. trading with countries it disagrees with (like Russia) is important. Vitaliy discusses his own experience growing up in the Soviet Union and being "brainwashed" to hate Americans. And he talks more about finding a good work-life balance, no matter your career. (21:19) Then, Vitaliy dives into the psychology behind decision-making and willpower. He quotes one of his favorite sayings as a reminder to investors: "Knowing and not doing is not knowing." After that, Vitaliy shares why he believes Uber Technologies still has a lot of upside today. He notes that the stock isn't cheap, but it is undervalued. And he breaks down his reasoning for wanting to hold the stock long term, including its potential to incorporate Waymo or other self-driving cars on its app. (39:26)

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 solve many societal problems that disproportionately affect the poor. He explains how exactly the U.S.'s fiat currency has "torn up the social fabric" and favors those who are already wealthy. Plus, Larry gives a multistep solution for how the system can be fixed so it's more fair, and he debunks the popular myth told by certain economists that a return to the gold standard wouldn't work. (25:18) Finally, Larry predicts currency failure within the next 10 years that will lead the U.S. to return to sound money. In the meantime, he advises investors to put their money in assets that the government can't print – gold, silver, bitcoin, and real estate. He says that bondholders are "the suckers at the table" thanks to inflation. And Larry closes things out by discussing the importance of studying history and longer-term cycles, the opportunity today in gold-mining stocks, and why he believes all investors should hold some bitcoin. (43:07)

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 solve many societal problems that disproportionately affect the poor. He explains how exactly the U.S.'s fiat currency has "torn up the social fabric" and favors those who are already wealthy. Plus, Larry gives a multistep solution for how the system can be fixed so it's more fair, and he debunks the popular myth told by certain economists that a return to the gold standard wouldn't work. (25:18) Finally, Larry predicts currency failure within the next 10 years that will lead the U.S. to return to sound money. In the meantime, he advises investors to put their money in assets that the government can't print – gold, silver, bitcoin, and real estate. He says that bondholders are "the suckers at the table" thanks to inflation. And Larry closes things out by discussing the importance of studying history and longer-term cycles, the opportunity today in gold-mining stocks, and why he believes all investors should hold some bitcoin. (43:07)

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 years, and how he got interested in investing in the first place. This leads to a discussion about struggling retailer Five Below (which Alex is keeping an eye on to see if it can turn its business around) and Dollar Tree (which Alex owns and still likes today). (19:53) Finally, Alex delves further into the retail space. He discusses Costco Wholesale versus Walmart, the importance of retailers understanding their core customer base, why Dollar Tree is misunderstood, geographic retail strategies, President Donald Trump's tariffs, and a U.K.-based mixers company he finds attractive. (40:24)

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 years, and how he got interested in investing in the first place. This leads to a discussion about struggling retailer Five Below (which Alex is keeping an eye on to see if it can turn its business around) and Dollar Tree (which Alex owns and still likes today). (19:53) Finally, Alex delves further into the retail space. He discusses Costco Wholesale versus Walmart, the importance of retailers understanding their core customer base, why Dollar Tree is misunderstood, geographic retail strategies, President Donald Trump's tariffs, and a U.K.-based mixers company he finds attractive. (40:24)

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 that are warehousing and organizing data. "Nobody's paying attention to them now," he says. Rob then covers the government's profit surplus, how it differs from China's, and how a trade war could lead to a real war. (20:56) Then, Rob divulges America's secret weapon for corporate dominance: the Bill of Rights. He notes that it protects innovation and gives the U.S. a leg up on a global scale. After that, Rob discusses large language models and how they're trained, the usefulness of Google's NotebookLM, and the "revolution" that will be happening in AI in the next three to six months. (39:17)

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 that are warehousing and organizing data. "Nobody's paying attention to them now," he says. Rob then covers the government's profit surplus, how it differs from China's, and how a trade war could lead to a real war. (20:56) Then, Rob divulges America's secret weapon for corporate dominance: the Bill of Rights. He notes that it protects innovation and gives the U.S. a leg up on a global scale. After that, Rob discusses large language models and how they're trained, the usefulness of Google's NotebookLM, and the "revolution" that will be happening in AI in the next three to six months. (39:17)

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 drawdowns and through periods of boredom, but that's how you can make a lot of money in the long term. Doing nothing is often the best thing you can do for your portfolio. Chris also covers how philosophy has influenced his investing style, the hidden opportunity in Swedish stocks, two specific Swedish companies that he likes today, and why you should always stick to your core principles – even if it means missing some winners along the way. (20:02) Finally, Chris explains that staying true to your investment principles is hardest (yet also most crucial) when times get tough. It all comes down to knowing yourself, your risk tolerance, and what you're most comfortable investing in. Chris shares the names of two spun-off companies he's excited about today, as he expects a big surge in free cash flow for both. He clarifies that these are for holding long term rather than trying to make a quick buck. And Chris finishes with a discussion about why the recent tariff drama doesn't really matter. (39:26)

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 drawdowns and through periods of boredom, but that's how you can make a lot of money in the long term. Doing nothing is often the best thing you can do for your portfolio. Chris also covers how philosophy has influenced his investing style, the hidden opportunity in Swedish stocks, two specific Swedish companies that he likes today, and why you should always stick to your core principles – even if it means missing some winners along the way. (20:02) Finally, Chris explains that staying true to your investment principles is hardest (yet also most crucial) when times get tough. It all comes down to knowing yourself, your risk tolerance, and what you're most comfortable investing in. Chris shares the names of two spun-off companies he's excited about today, as he expects a big surge in free cash flow for both. He clarifies that these are for holding long term rather than trying to make a quick buck. And Chris finishes with a discussion about why the recent tariff drama doesn't really matter. (39:26)

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 more as a result. All of this is part of the "new world" that investors will need to learn to navigate, including permanently higher interest rates, bonds being a better choice than stocks, and an inevitable credit crisis similar to the one from 2008. (21:32) Finally, Mike explains the economic difference between tariffs and inflation, how investors can "make a killing" from what's about to happen, and the many advantages corporate bonds have over stocks – such as it being easier to spot a bottom with bonds. He says he's waiting until credit spreads surpass 1,000 basis points, and then he will deploy his strategy of finding the best bonds out there with the lowest risk of defaulting. (40:22)

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 more as a result. All of this is part of the "new world" that investors will need to learn to navigate, including permanently higher interest rates, bonds being a better choice than stocks, and an inevitable credit crisis similar to the one from 2008. (21:32) Finally, Mike explains the economic difference between tariffs and inflation, how investors can "make a killing" from what's about to happen, and the many advantages corporate bonds have over stocks – such as it being easier to spot a bottom with bonds. He says he's waiting until credit spreads surpass 1,000 basis points, and then he will deploy his strategy of finding the best bonds out there with the lowest risk of defaulting. (40:22)

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 through 50% drawdowns. And John details how he decides when to actually sell a company, although he notes that he made a mistake with Dick's Sporting Goods. (21:31) Finally, John reminds investors to know and play to their strengths. And he urges them to ignore all the noise in the news, as being successful in the markets requires a fair amount of optimism about the future. Talking broadly, John says that Needham has been investing in infrastructure for the past decade-plus and more recently has been looking at defense companies. He names military shipbuilder Huntington Ingalls Industries as a solid pick today. Plus, he names a couple skilled-labor-school stocks he likes, as skilled labor is set to remain in high demand. (40:58)

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 through 50% drawdowns. And John details how he decides when to actually sell a company, although he notes that he made a mistake with Dick's Sporting Goods. (21:31) Finally, John reminds investors to know and play to their strengths. And he urges them to ignore all the noise in the news, as being successful in the markets requires a fair amount of optimism about the future. Talking broadly, John says that Needham has been investing in infrastructure for the past decade-plus and more recently has been looking at defense companies. He names military shipbuilder Huntington Ingalls Industries as a solid pick today. Plus, he names a couple skilled-labor-school stocks he likes, as skilled labor is set to remain in high demand. (40:58)

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 Cisco Systems as an example. And he points out that even if AI is currently experiencing a bubble, the technology will both benefit the economy and make companies more productive in the long term. (21:40) Finally, Matt goes in depth on the current macroeconomic environment and his outlook for the future. This includes President Donald Trump's tariffs disrupting specific industries, what the VIX and high-yield credit spread are signaling, fears of a recession, and the bond market expecting a growth slowdown. (37:46)

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 Cisco Systems as an example. And he points out that even if AI is currently experiencing a bubble, the technology will both benefit the economy and make companies more productive in the long term. (21:40) Finally, Matt goes in depth on the current macroeconomic environment and his outlook for the future. This includes President Donald Trump's tariffs disrupting specific industries, what the VIX and high-yield credit spread are signaling, fears of a recession, and the bond market expecting a growth slowdown. (37:46)

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 underweight gold for years, whether it's possible to predict a bubble, the pattern of credit crises, and the recent worrying signal of money drying up in private equity. He notes that this tendency for investors to take on more risk in private equity than elsewhere is a disaster waiting to happen. Dan then delves into which parts of the market he finds most and least attractive today. For example, he notes that changing corporate governance for Japanese stocks is an "obvious catalyst" for doubling your money, while short-term macroeconomic factors are keeping him away from U.S. Treasurys. (17:12) Finally, Dan discusses diversification versus "diworsification," the often-ignored problem with passive investing, and the "valuation drop-off" between S&P 500 Index stocks and foreign stocks. With the Magnificent Seven officially in a bear market, Dan declares that "the turning point seems to be upon us" for U.S. stock valuations to come down. And he concludes with a stark reminder about earnings growth for listeners. (38:11)

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 underweight gold for years, whether it's possible to predict a bubble, the pattern of credit crises, and the recent worrying signal of money drying up in private equity. He notes that this tendency for investors to take on more risk in private equity than elsewhere is a disaster waiting to happen. Dan then delves into which parts of the market he finds most and least attractive today. For example, he notes that changing corporate governance for Japanese stocks is an "obvious catalyst" for doubling your money, while short-term macroeconomic factors are keeping him away from U.S. Treasurys. (17:12) Finally, Dan discusses diversification versus "diworsification," the often-ignored problem with passive investing, and the "valuation drop-off" between S&P 500 Index stocks and foreign stocks. With the Magnificent Seven officially in a bear market, Dan declares that "the turning point seems to be upon us" for U.S. stock valuations to come down. And he concludes with a stark reminder about earnings growth for listeners. (38:11)

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 what traders usually get wrong about the moving average convergence divergence ("MACD") indicator and the Santa Claus rally. Moving to the topic of seasonality, Jeffrey explores the flaws in the traditional "sell in May and go away" adage, what the "Christmas in July" phenomenon is, and how market patterns changed after 1949. (18:09) Finally, Jeffrey discusses what led his father, Yale Hirsch, to originally publish the Almanac and how a background in music can help investors to recognize historical cycles and patterns. He then finishes with his opinion on 5,700 being an important level for the S&P 500 Index and gives tips on how you can fight against confirmation bias. (35:05)

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 what traders usually get wrong about the moving average convergence divergence ("MACD") indicator and the Santa Claus rally. Moving to the topic of seasonality, Jeffrey explores the flaws in the traditional "sell in May and go away" adage, what the "Christmas in July" phenomenon is, and how market patterns changed after 1949. (18:09) Finally, Jeffrey discusses what led his father, Yale Hirsch, to originally publish the Almanac and how a background in music can help investors to recognize historical cycles and patterns. He then finishes with his opinion on 5,700 being an important level for the S&P 500 Index and gives tips on how you can fight against confirmation bias. (35:05)

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 where China was in the 1990s, and the country will require much more development and investment to catch up. Charlene then talks about the good and bad economic effects of China's communist government, China's looming debt crisis, and how the average Chinese consumer differs from an American one. (19:57) Finally, Charlene examines China's demographics and explains why she believes the country's population will fall 60% to 70% by the year 2100. However, despite birth rates dropping, AI and technology may be able to make up for the declining number of humans in manufacturing roles and fill those gaps for several decades. And Charlene closes the conversation by urging U.S. investors not to worry too much about the Trump tariffs just yet, as there may be a method to the madness. (41:55)

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 where China was in the 1990s, and the country will require much more development and investment to catch up. Charlene then talks about the good and bad economic effects of China's communist government, China's looming debt crisis, and how the average Chinese consumer differs from an American one. (19:57) Finally, Charlene examines China's demographics and explains why she believes the country's population will fall 60% to 70% by the year 2100. However, despite birth rates dropping, AI and technology may be able to make up for the declining number of humans in manufacturing roles and fill those gaps for several decades. And Charlene closes the conversation by urging U.S. investors not to worry too much about the Trump tariffs just yet, as there may be a method to the madness. (41:55)

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 owns 42%. Mx2 is set to go public later this year. Benoit also covers all the advantages of Morocco's low cost of drilling and exploration, the other industry that's booming in Morocco, and why Morocco has such cheap energy. (16:49) Finally, Benoit explains how he first got involved in mining after an encounter with the president of Burkina Faso, why the upside potential in Aya's stock price is still fantastic, and how momentum in silver investing has temporarily slowed since President Donald Trump took office. Further, he breaks down Aya's balance sheet and makes his macroeconomic case for precious metals. (36:10)

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 owns 42%. Mx2 is set to go public later this year. Benoit also covers all the advantages of Morocco's low cost of drilling and exploration, the other industry that's booming in Morocco, and why Morocco has such cheap energy. (16:49) Finally, Benoit explains how he first got involved in mining after an encounter with the president of Burkina Faso, why the upside potential in Aya's stock price is still fantastic, and how momentum in silver investing has temporarily slowed since President Donald Trump took office. Further, he breaks down Aya's balance sheet and makes his macroeconomic case for precious metals. (36:10)

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 the game. For that reason, Pieter is looking to launch an investment fund later this year. Pieter then lists off a few companies he likes today and discusses the importance of investing in growing end markets. (20:30) Finally, Pieter gives his thoughts on the balancing act between paying high valuations for good companies versus missing an opportunity to own a great business. As Pieter details, it's all about an investor's individual risk tolerance and whichever strategy works best for them. Pieter also covers the flaws in discounted cash flow ("DCF") models, two companies that are overpriced today based on reverse DCF, and the three valuation methods he personally uses. (37:47)

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 the game. For that reason, Pieter is looking to launch an investment fund later this year. Pieter then lists off a few companies he likes today and discusses the importance of investing in growing end markets. (20:30) Finally, Pieter gives his thoughts on the balancing act between paying high valuations for good companies versus missing an opportunity to own a great business. As Pieter details, it's all about an investor's individual risk tolerance and whichever strategy works best for them. Pieter also covers the flaws in discounted cash flow ("DCF") models, two companies that are overpriced today based on reverse DCF, and the three valuation methods he personally uses. (37:47)

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 specific advantages Battle Bank has over larger banks. (19:14) Finally, Frank talks about crypto acceptance at Battle Bank, "eCash" being ahead of its time in the 1990s, and the larger limitations of bitcoin that will impede it from becoming a reserve currency. He also gives his thoughts on Elon Musk's Department of Government Efficiency and its lofty goal of cutting $2 trillion in federal spending. And he closes the episode out by urging listeners to think about the future and ask themselves some tough questions. (37:25)

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 specific advantages Battle Bank has over larger banks. (19:14) Finally, Frank talks about crypto acceptance at Battle Bank, "eCash" being ahead of its time in the 1990s, and the larger limitations of bitcoin that will impede it from becoming a reserve currency. He also gives his thoughts on Elon Musk's Department of Government Efficiency and its lofty goal of cutting $2 trillion in federal spending. And he closes the episode out by urging listeners to think about the future and ask themselves some tough questions. (37:25)

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 an advantage that will nudge those probabilities in your favor. Hendrik also explains why he believes now is "the best trading environment ever" for retail investors in terms of cost and reliability. And he gives his thoughts on passive investing, the Magnificent Seven stocks, and diversification. (22:44) Finally, Hendrik discusses which assets he personally has in his portfolio, his concerns about inflation, the benefits of Treasury inflation-protected securities ("TIPS"), and the downfall of meme stocks. Plus, he responds to popular criticism about the value of a Master of Business Administration degree. (40:51)

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 an advantage that will nudge those probabilities in your favor. Hendrik also explains why he believes now is "the best trading environment ever" for retail investors in terms of cost and reliability. And he gives his thoughts on passive investing, the Magnificent Seven stocks, and diversification. (22:44) Finally, Hendrik discusses which assets he personally has in his portfolio, his concerns about inflation, the benefits of Treasury inflation-protected securities ("TIPS"), and the downfall of meme stocks. Plus, he responds to popular criticism about the value of a Master of Business Administration degree. (40:51)

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 value. Further, he shares how he identifies the best spinoffs, how the future factors into his investment decisions, and why he believes value investing is dead. Jim then names two companies undergoing a spinoff that he finds attractive today, and one that he's keeping on his radar. (19:54) Finally, Jim discusses a recent Forbes piece he penned about Boeing's current problems. The company is hemorrhaging money and doesn't have a visionary leader to right the ship, but spinoffs could be the solution. Jim says Boeing is "really going to have to do something." After, he circles back to – and goes further in depth on – insider buying. And he shares his thoughts on initial public offerings and special purpose acquisition companies. (36:19)

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 value. Further, he shares how he identifies the best spinoffs, how the future factors into his investment decisions, and why he believes value investing is dead. Jim then names two companies undergoing a spinoff that he finds attractive today, and one that he's keeping on his radar. (19:54) Finally, Jim discusses a recent Forbes piece he penned about Boeing's current problems. The company is hemorrhaging money and doesn't have a visionary leader to right the ship, but spinoffs could be the solution. Jim says Boeing is "really going to have to do something." After, he circles back to – and goes further in depth on – insider buying. And he shares his thoughts on initial public offerings and special purpose acquisition companies. (36:19)

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 silly (such as meme coins like Fartcoin) to incredibly useful (solving real-world problems). In Crypto Capital, Eric and his team are focused on finding the latter – "projects that are established yet phenomenally undervalued." If you're a bitcoin skeptic, Eric urges you to give altcoins a chance. (24:34) Finally, Eric lists off two altcoins that he likes today. The first one is up more than 700% in the Crypto Capital portfolio, and he believes it will continue doing really well. And the second altcoin has been largely hated ever since it collapsed 90%-plus. But Eric and his team believe it could soar 10 times over the next two years and eventually challenge heavyweights Solana and Ethereum, as its "superior" blockchain technology is different from anything else out there. (40:30)

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 system works – including sending entry and exit alerts for each position – and how human biases come into play. He emphasizes that this tool is made for investors all across the interaction spectrum... So you can have TradeSmith fish for you and tell you which stocks to buy, or you can do the fishing yourself and use the system to research stocks, or a combination of the two. Keith also explores how TradeSmith's team looks at past cyclical patterns to select the best stocks. (21:16) Finally, Keith shares how the algorithm works for options trading. In testing, it turned $1,000 into $250,000 over 16 years. Keith urges listeners to try the system with conservative position sizing and see for themselves the stellar results they'll get. It's all available in the Trade Cycles newsletter by TradeSmith. And as Keith hammers home, this technology is very advanced. Since no two stocks or funds are the same, no two algorithms end up being the same for them. (37:56)

On this week's Stansberry Investor Hour, Dan and Corey share their annual list of Top 10 Potential Surprises for the new year. As Dan clarifies from the outset, these are NOT predictions. They're simply things that would surprise investors in 2025 if they happened. We won't spoil the surprises. But just to give you an idea, you'll hear about everything from bitcoin to Elon Musk's Department of Government Efficiency to a possible Stansberry Research mayor. Even if Dan and Corey's surprises don't come about this year, this exercise is a reminder for investors to keep their minds open and to consider a broad range of outcomes.  Surprise No. 1: 1:51Surprise No. 2: 5:43Surprise No. 3: 10:59Surprise No. 4: 17:11Surprise No. 5: 21:25Surprise No. 6: 26:06Surprise No. 7: 29:28Surprise No. 8: 33:04Surprise No. 9: 36:26Surprise No. 10: 41:31  

On 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)

On this week's Stansberry Investor Hour, Dan and Corey welcome Brian Dalton back to the show. Brian is president and CEO of Altius Minerals, a diversified mining royalty and streaming company operating in Canada, the U.S., and Brazil. Brian kicks things off by sharing the basics of Altius Minerals – what the company does, what sets it apart from other natural resource royalty companies, and the option value of its assets. He also talks a bit about his background and how he got his start in prospecting. (1:21) Next, Brian explores the renewable-energy part of the business. Altius took its coal revenues and reinvested those to write royalties on renewable-energy projects, particularly wind and solar. As Brian explains, nearly all of these projects have some aspect involving energy storage. And best of all, renewable energy's resource life is basically "infinite." (15:53) Then, Brian delves into copper. He urges listeners to ignore all of the noise around the metal – from both the "woke" and "antiwoke" sides of the aisle – and to realize that demand is steadily rising. In the short term, he says that investors can really take advantage of volatility and the irrationality of price cycles. But there's also a lot of money to be made long term, as demand isn't going anywhere. "Copper is electricity," Brian notes. Further, he discusses incentivization prices, operating costs, and the future of the industry. (28:59) Finally, Brian talks about nuclear energy's prospects, Altius' history with uranium royalties, and how he makes decisions about Altius' capital allocation. Unlike many other companies, Altius treats share buybacks as if they're competing against external investment opportunities. If the best value in the market is in the assets Altius already owns, and if there's a wide spread between that value and the share price, only then do buybacks happen. (44:50)

On this week's Stansberry Investor Hour, Dan and Corey are joined by Louis Navellier. Louis is a growth investor with more than 40 years of experience in the markets. His Growth Investor newsletter at our corporate affiliate InvestorPlace is catered toward individual investors. It helps give these folks an easy-to-understand look at current market trends and opportunities. Louis kicks things off by sharing how he got his start in finance, how he learned about "anomalies and efficiencies" in the market, and why he dislikes banking stocks. He predicts that the implosion of private credit is going to be the next black-swan event to upset the markets. With 11% yields, private credit simply isn't sustainable. Louis also discusses what changes President-elect Donald Trump will have to make for prosperity to rise, as well as what's happening in Ukraine. (1:14) Next, Louis touches on the market narrowing, describes which metrics his stock-grading system factors in, lists off several growth stocks he likes today, and reviews many legal monopolies he has profited from. One such name is chipmaker Nvidia, which Louis says he'll "be holding through the end of the decade." After that, he talks about why he's bullish on natural gas, how he spots legal monopolies in the first place, and the Biden administration's hostility toward tech. (18:55) Finally, Louis shares how he decides when to cut a stock loose and gives his take on nuclear energy. When it comes to his investing philosophy, he notes, "I only buy things when they earn money." And Louis closes with his reasoning for not buying utility stocks. (38:22)  

On this week's Stansberry Investor Hour, Dan and Corey welcome Brad Thomas to the show. Brad is the founder of our corporate affiliate Wide Moat Research. There, he serves as editor for the Wide Moat Daily, The Wide Moat Letter, the Intelligent Options Advisor, and the High-Yield Advisor newsletters. Brad joins the podcast to share some of his three decades' worth of experience in real estate. Brad kicks things off by describing his background in real estate, how he lost almost everything during the Great Recession, and how his experience helps him with his job today researching companies. Next, Brad debunks the three largest perceived overhangs for real estate investment trusts ("REITs"): debt maturities, rising rates, and the "dead" office sector. As he explains, they aren't as big of factors for equity REITs as many believe. And in particular, there are some gems that investors can find within the office sector. (1:47) Next, Brad talks about the growth potential for many specific REIT sectors, including cannabis, cell towers, data centers, and casinos. He throws out a few stock names along the way, and also explains what influence technology has had on REITs and their operations. This leads Brad to share his "trifecta approach" for diversifying between the three main beneficiaries of technology advancements. And he gives several reasons why investors should even bother to get into REITs right now, from valuations to Donald Trump. (18:49) Finally, Brad points out that most companies have real estate components. So understanding how business is created from the ground up gives him and his team at Wide Moat Research an advantage. He emphasizes that Wide Moat's main goals are principal preservation and finding "sleep well at night" stocks. Brad then finishes by sharing which sectors outside of real estate he finds most attractive today. (41:17)

On this week's Stansberry Investor Hour, Dan and Corey are joined by Matt Franz. Matt is founder and principal of Eagle Point Capital. The registered investment adviser aims to build wealth in the long term while avoiding the permanent loss of capital.  Matt kicks off the show by describing Eagle Point Capital's ownership mentality for buying stocks and what qualities he looks for in a company. As he explains, businesses that have very simple unit economics and that are noncyclical tend to be the best. He also zeroes in on specific metrics to evaluate stocks, the importance of owning businesses that reinvest capital, and his "replication mode" method for assessing a company's future potential. (1:41) Next, Matt talks about whether brands can be economic moats. He urges investors not to conflate brand awareness with pricing power, using consumer-electronics company Toshiba as an example. This leads to a conversation about luxury brands, why Matt prefers distributors to retailers, and why he only invests in companies worth 10 times earnings or less. Matt then breaks down his long-term focus, discussing intrinsic value and giving listeners a reality check. (17:10) Finally, Matt highlights the discipline it takes to be a long-term value investor, as it's human nature to want to add more to a position when it's soaring or sell shares on bad news. However, when you own good businesses, it's best to sit on your hands and do nothing. Matt also shares some guidelines Eagle Point Capital follows when searching for stocks in terms of market cap, industry, risk factor, and cyclicality. (37:53)

On this week's Stansberry Investor Hour, Dan and Corey welcome Andrew Walker to the show. Andrew is a portfolio manager at value-oriented hedge fund Rangeley Capital and author of Yet Another Value Blog. He focuses on microcap, deep-value, and special-situations investments. Andrew kicks off the show by sharing how he got his start as an investor and what inspired him to focus on value investing. He says that while value investing has gotten more competitive over the years, investors can still do well in this space if they think outside of the box. Andrew also discusses his renewed interest in special purpose acquisition companies ("SPACs") and whether de-SPACs are worth wading through for winners. (1:47) Next, Andrew names a couple of companies he invested in and gives his reasoning for each play. The first is a bitcoin miner that emerged from bankruptcy. As Andrew explains, there are a multitude of problems with bitcoin mining, but this miner has managed to curtail some of those and stand out from the pack with its integration of AI. Andrew also talks about the revival of spinoffs, including one particular real estate investment trust that he likes thanks to its huge margin of safety. (15:43) Finally, Andrew discusses another spinoff he has invested in – a company that owns prime real estate in Manhattan. It has a lot of cash and no debt on its balance sheet. And with legendary investor Bill Ackman's hedge fund owning nearly 40% of the company, Andrew believes there's much more upside ahead and that a turnaround is likely. (38:39)

On this week's Stansberry Investor Hour, Dan and Corey are joined by Dr. John Sviokla. John is an author, executive fellow at Harvard Business School, and co-founder of GAI Insights – the world's leading generative artificial-intelligence ("AI") analyst firm. He joins the podcast to talk all things AI – its investing potential, limitations, and real-world applications. John kicks off the show by explaining how GAI Insights is helping organizations and communities understand and use generative AI. Currently, many executives don't know enough about it to even recognize its opportunities in the workplace. John says that workers whose jobs involve words, images, numbers, and sounds will be the most impacted by this technology. He also breaks down the three new forms of capital: network, behavioral, and cognitive. When it comes to the latter, businesses are trying to protect their proprietary data and processes today by keeping their AI behind firewalls. (1:46) Next, John talks about how these AI models are trained, the process of training workers to use AI, and the limitations of AI. One such area AI struggles with is creating new ways to look at a problem. However, it's surprisingly good at empathizing and mimicking human emotions. John then discusses AI's computability, the transformer algorithm, and how AI could impact the broad market. (19:11) Finally, John describes the four levels of generative-AI adoption. Those in the top level – "intelligence leveragers" – drive value by using AI to build AI. Right now, technology is the only industry with these kinds of companies. But John says that in the next five to seven years, each major industry will have an intelligence leverager. This presents a huge opportunity for investors. John gives several real-world situations across different industries (like pharmaceuticals and financials) where AI implementation will be game-changing. (40:35)

On this week's Stansberry Investor Hour, Dan and Corey welcome Martin "Marty" Fridson back to the show. Marty is an author and expert in the field of high-yield bond investing. He is also a senior analyst at Porter & Co.'s Distressed Investing newsletter. Marty kicks off the show by discussing the top-down view of the high-yield market. He comments that right now, there is a very small risk premium. Marty breaks down the factors that he uses in his model of fair value and concludes that the high-yield market is extremely overvalued. At the same time, the market is forecasting a higher default rate than credit- ratings agency Moody's. Marty also gives his opinion on whether we'll see a recession, what it means that the inverted yield curve has not yet resulted in a recession, and why he's less critical of the Federal Reserve than other investors. (1:39) Next, Marty explains that the current situation of the federal-funds rate and the 10-year U.S. Treasury yield moving in opposite directions is not rare. He says it happens 40% of the time. This segues to a discussion about what's happening with the junk-bond market... including companies potentially having to roll over their debt to higher rates... and private credit lenders now competing with high-yield bond buyers. Marty then names which sectors present attractive buying opportunities today. (18:03) Finally, Marty goes further in depth about his quantitative model and what data it draws upon to find attractively priced distressed debt. He then explains that because high-yield bonds aren't very liquid, exchange-traded funds centered around these investments tend to have a lot of variance in performance. This can have serious consequences in times of extreme market disruption. (34:12)

On this week's Stansberry Investor Hour, Dan and Corey welcome Edwin Dorsey to the show. Edwin conducts deep, investigative analyses of public companies in his newsletter, The Bear Cave. By prioritizing customer relations and common-sense logic over financial data, he can gain an edge and find troubled companies for his subscribers before Wall Street does. Edwin kicks off the show by explaining how he got his start doing short-selling research and how he identifies prime opportunities for shorting. Rather than focusing on the financials, he hunts for $1 billion to $10 billion companies in the technology or consumer sector with bad customer relationships. Edwin shares case studies of how he discovered safety issues at two child-focused companies. The first was caregiver platform Care.com, which wasn't properly vetting its caregivers. The second is Roblox, which has ongoing issues with child predators and gambling. (0:39) Next, Edwin talks about why candy maker Hershey could face long-term issues now that trendy competitor Feastables is steadily stealing market share and doing a better job of appealing to the younger generation. As he points out, most investors tend to be older and male, so there are often blind spots for companies catering to youth and female demographics. Edwin also makes his bearish case for the predatory fitness-center company Planet Fitness. With the Federal Trade Commission working to make canceling memberships easier, this is bound to hurt the stock. (24:12) Finally, Edwin names several companies that are doomed thanks to the rise of artificial-intelligence technology. He highlights call-center businesses and tax-service providers in particular, but also warns of downstream effects. After, Edwin talks more about how he first got interested in the financial world, how he learned that the numbers don't matter if the underlying business is not sustainable, and how he picks which stocks to go long. (40:23)

On this week's Stansberry Investor Hour, Dan and Corey are joined by Austin Root. Austin is an old friend and the chief investment officer at Stansberry Asset Management ("SAM"). SAM is a separate company from Stansberry Research and MarketWise, but it was born with the same DNA. The difference is, SAM helps individual investors optimize their portfolios. Austin kicks off the show by discussing his favorite moments from last week's Stansberry Conference & Alliance Meeting. After, he shares what his role is at SAM and how the company helps individual investors with financial planning. Austin explains that SAM's team of specialists will look at an investor's full balance sheet – not just the part SAM is managing – and then make a personalized plan from there using projections. He emphasizes that paying down expensive credit-card debt is the most important first step, and he breaks down how macro factors influence SAM's strategies. (0:46) Next, Austin talks about why investors should be in productive assets rather than cash, why he sees gold as inferior to shares of world-class businesses, and how bitcoin can be a good long-term store of value. He also names two stocks he finds particularly attractive right now. The first is a financial company that is trading at a discount, is poised for double-digit revenue growth, and serves as an inflation hedge. The second is a construction-materials company with a fantastic shareholder yield of nearly 10%. (24:59) Finally, Austin explains why investors should keep politics out of their portfolios for the long term. He says inflation is the one factor he always pays attention to and everything else is noise. Austin does note, though, that he has loaded up on defense stocks for the short term since geopolitical tensions are rising around the globe. But overall, he says both candidates want to spend like mad and will be bad for the economy in the long run. (45:29)   Disclosure: Stansberry Asset Management ("SAM") is a Registered Investment Adviser with the United States Securities and Exchange Commission. File number: 801-107061. Such registration does not imply any level of skill or training. Under no circumstances should this report or any information herein be construed as investment advice, or as an offer to sell or the solicitation of an offer to buy any securities or other financial instruments.  Stansberry & Associates Investment Research, LLC ("Stansberry Research") is not a current client or investor of SAM. SAM provides cash compensation to Stansberry Research for Stansberry Research's advisory client solicitation services for the benefit of SAM. Material conflicts of interest may exist due to Stansberry Research's economic interest in soliciting clients for SAM. Certain Stansberry Research personnel may also have limited rights and interests relating to one or more parent entities of SAM.

On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a Wall Street veteran with 50-plus years of total market experience. He's also the founder and CEO of our corporate affiliate, Chaikin Analytics. He joins the show to share some of his vast wisdom with listeners, from the hottest sectors around to why you shouldn't get spooked by all the volatility. Marc kicks off the show by making his bullish case for the markets. However, he notes that this rising tide has not lifted all boats equally... He lists off several sectors that are particularly attractive to him today, plus a few he's staying away from. Marc also talks a bit about JPMorgan Chase CEO Jamie Dimon's prediction for a financial hurricane, the outlook for energy stocks, what's going on in China to make stocks so volatile, how the Federal Reserve has been doing, and the U.S.'s shift from a manufacturing economy to a service economy. (0:39) Next, Marc emphasizes that the key to profiting as an investor is to avoid making broad economic predictions. He says that different sets of data can give you conflicting signals, so it's not worth your time trying to guess the unknowable future. Instead, you should pay attention only to momentum and earnings. Marc then criticizes financial reporting by the mainstream media, advises listeners to take advantage of current volatility rather than run from it, and highlights the bullish setups in nuclear and software stocks thanks to AI. (18:56) Finally, Marc urges investors to not get bearish while the S&P 500 Index is having its best year since 1997. He points out that, as the dot-com mania showed us, the bull run can continue for several more years. As long as profit margins continue to rise, you want to be invested. He also explains how he uses his Power Gauge system to avoid doomed stocks. This leads to a conversation about Marc's new upcoming newsletter that will focus on what the "smart money" is buying and allow him to spot "pockets of strength." Plus, Marc weighs in on mining stocks. (38:38)

On this week's Stansberry Investor Hour, Dan and Corey welcome Jonathan Shaffner to the podcast. Jon is a retired U.S. Army colonel with 25 years of service who currently works as the director of federal business development at MBO Partners. MBO specializes in delivering solutions that make it safer and easier for enterprise organizations and top independent professionals to work together. Jon kicks off the show by discussing NATO's increased presence in Europe, through the lens of his own military experience. He posits that modern wars are more ideology-based than previous ones. This leads to Jon talking about his years in Afghanistan and Iraq. After, he shares what MBO does and how it helps companies (especially in defense and health care) build better workforces. (1:00) Next, Jon puts government spending into an investing context. He notes that through all the inefficiency and bloat, there are definite winners and losers of government contracts. He also breaks down his and MBO's involvement in helping to create value for the companies that have been awarded these contracts. Jon cites data usage as the biggest need he's seeing right now. Companies have massive amounts of data but don't know what to do with it or how to implement it. (23:05) Finally, Jon talks about how MBO finds contractors, the possibility of it going public someday, and its research on the gig economy. He then explores what could happen with the two major ongoing wars affecting the U.S. today: Russia versus Ukraine and Israel versus Hamas. Jon predicts that the war in Ukraine will be over within 18 months, but he says the war in the Middle East is much more complicated thanks to the Houthis. (42:41)

On this week's Stansberry Investor Hour, Dan and Corey welcome Brendan Ahern to the show. Brendan is the chief investment officer at asset manager KraneShares. The company provides investors access to Chinese companies, climate investments, and uncorrelated assets through exchange-traded funds. Brendan kicks off the show by describing the basics of KraneShares and its involvement in Chinese markets. He discusses the recent surge in Chinese stocks and gives context for what's driving it. As Brendan explains, the country is focused on stabilizing real estate prices and stimulating the broader economy. By lowering interest rates and announcing loads of subsidies that will benefit its citizens, the government can increase domestic consumption at a crucial time. (0:43) Next, Brendan talks about China's negative reputation due to Western disinformation and political rhetoric. As almost all U.S. investors are implicitly involved with China, and as the majority of Western companies outsource to China, our economy depends on the foreign nation. Brendan also discusses the influence U.S. investors have had on Chinese companies in regard to corporate governance... billionaire hedge-fund manager David Tepper going all-in on China... and why he believes China won't invade Taiwan. (18:11) Finally, Brendan breaks down the growth prospects for China today and shares his thoughts on the U.S. moving to produce more semiconductors domestically. After, he discusses today's data-driven world and the new ways this data is collected by research firms. KraneShares is able to leverage this data in turn and be selective about which Chinese companies it gets involved with. As Brendan explains, cooperation with China is both important for investors' portfolio diversification and for a harmonious future. (37:12)