Stansberry Investor Hour

After Bitcoin plunged 54% from its all-time-high in April, many crypto speculators are feeling quite shaken... But Dan points out that it's what didn't happen after the crypto crash that’s worth noting... No banks went under... the Fed didn't need to bail anyone out... We didn't see a big systemic collapse... And Bitcoin is still standing... Not to mention, Dan points out that one of the biggest names in the investing world just announced he bought some Bitcoin for the very first time... Then on this week's interview, Dan invites Hugh Henry onto the show. Hugh is an award-winning hedge fund manager, market commentator, real estate investor, and podcaster. Hugh previously worked at Odey Asset Management, before he founded Eclectica Asset Management in 2005, where he achieved a 31.2% return during the 2008 financial crisis. During their conversation, Hugh elaborates on his stance that inflation is more of a social phenomenon than many people give it credit for. Hugh also explains how if you spot some of these s

It's been a rough week for crypto investors...  After Bitcoin reached over $64,000 in April, the world's most popular crypto has plunged as low as $30,000 on some exchanges earlier this week... Dan opens the show with an update on the situation, and tells the listeners what he's doing with his Bitcoin today... Then on this week's interview, Dan invites Dave Collum back onto the show for another great conversation. Dave is the Betty R. Miller Professor of Organic Chemistry and former Department Chair at Cornell University. He's also a staunch Libertarian, a fan of gold, the Austrian business cycle, and he's not at all afraid to speak his mind.  During their conversation, Dave and Dan talk about a wide range of controversial topics, like how the inflation numbers from the Fed are completely bogus, how the climate change industrial complex became corrupt, and how a massive top is currently brewing in the market despite what you're being told.  Then on the mailbag this week, a new listener to the podcast asks Dan

In the final stages of the bull market, thoughtful investing is typically replaced with reckless speculation...   And today, we're seeing warning signs in nearly every corner of the market...  Investors everywhere are throwing caution to the wind in hopes of finding the hottest tech stock, SPAC offering, or cryptocurrency that'll help them get rich quick... So that's why this week, Dan is bringing the listeners back down to Earth by focusing on a corner of the market that fuels nearly every other industry, but has recently been forgotten by most of the financial media... On this week's episode, Dan invites Rick Rule of Sprott Inc. onto the show to talk about natural resource investing. Rick began his career in the securities business in 1974 and has been principally involved with natural resource securities ever since. Over his long career, Rick has originated and participated in hundreds of debt and equity transactions with private, pre-public, and public companies. Today, Rick is widely regarded as one of t

Credit Suisse released a report with some shocking findings about a group of stocks you likely haven't been paying attention to... Across the entire world, across nearly every industry, from small cap to large cap, this forgotten category of stocks has outperformed its peers... and by a wide margin. On the opening rant this week, Dan examines all the facts behind the surprising phenomenon... and discusses what potential investors should do with this information. Then on this week's interview, Dan invites William Green onto the show. William has written for many leading publications like The New Yorker, Time, Fortune, Forbes, Barron's, The London Spectator, The Economist, and many more. He's also interviewed Presidents, Prime Ministers, and scores of the world's most successful billionaire investors. He shares some of the best lessons he's learned in his latest book, Richer, Wiser, Happier: How the World's Greatest Investors Win at the Market and in Life. During their conversation, William gives Dan some fasci

In March, Tesla sold off about 10% of their Bitcoin... Elon Musk said the reason they sold was to, "prove the liquidity of Bitcoin as an alternative to holding cash on the balance sheet..." On the opening rant this week, Dan examines all the facts behind the surprising move... And explains why he's not buying Musk's explanation... Then on this week's interview, Dan invites Thomas Ricketts onto the show. Thomas is President and CIO of Evolutionary Tree Capital Management, a firm exclusively focused on innovation investing. Evolutionary Tree uses their unique investment process to differentiate between hype and real innovation that yields future growth. Their approach has led Evolutionary Tree to find stocks like HubSpot, ServiceNow and Pinterest before they were well known. During their conversation, Dan asks Thomas what the main difference between innovation investing and speculating really is. Thomas explains how his firm uses 8 special criteria to separate the hype from the legitimate long-term opportunitie

Dan opens this week's rant completely beside himself, as he shares the latest story of jaw-dropping excess in the market. But this isn't the story of your typical cryptocurrency pump and dump... Or a message board banding together to try to create the next "meme stock..." It comes from a business you'd never expect in a million years... and Dan calls it the single most insane example of speculative froth he's EVER seen in the markets. Then on this week's interview, Dan invites Ken McAtamney onto the show. Ken is the head of the global equity team and a portfolio manager for William Blair's International Growth, Global Leaders, and International Leaders strategies. Before joining William Blair in 2005, Ken was a vice president at Goldman Sachs, where he was responsible for institutional equity research coverage for both international and domestic equities. Dan and Ken cover a wide range of major growth themes that will likely shape the future investment landscape. Ken presents a ton of unique ideas of how many

Across the entire U.S. stock market, going all the way back to 1926, a small fraction of stocks are responsible for the lion's share of the market's gains. Dan examines this phenomenon with a deep dive into the Bessembinder Study and comes away with a few key takeaways for individual investors trying to beat the market.  Then on this week's interview, Dan invites Kevin Landis onto the show.  Kevin was born and raised in Silicon Valley and has over 30 years of experience in market research, product management and investment in the technology sector. And today, Kevin is the Chief Investment Officer at Firsthand Capital Management, an investment advisory firm he founded in 1994. He currently manages two technology sector mutual funds and a publicly traded venture capital fund. Dan asks how Kevin and his firm were able to identify stocks like Roku, Twitter, SolarCity, and Yelp before they became the massive winners they are today... The two also discuss how the current incentives in the asset management industry

GameStop is selling up to 3.5 million new shares, looking to raise money amid their newfound hype and popularity in the investing world. Dan opens the show by explaining why this is actually a very smart business move... But he says even though it's the right move for GameStop, he wants no part in it. And he cautions anyone else still thinking about jumping on this train. Then Dan invites Kevin Carter onto the show to talk about one of the fastest-growing areas anywhere in the markets, that sadly many Americans overlook. Kevin is the founder and Chief Investment Officer at EMQQ, an Emerging Markets Internet and E-Commerce Index. Over the past 20 years, he's partnered with Princeton economist and indexing legend, Dr. Burton Malkiel, focusing on China and emerging markets, ultimately creating the EMQQ Index. During their conversation, Kevin teaches Dan some stunning facts about the massive opportunity investing in emerging markets outside of the U.S. provides today... (like did you know that over half of the wo

A little-known family investment office made big news this week...  Archegos Capital Management's risky leveraged bets on ViacomCBS Inc. and Discovery Inc. set off a wave of forced liquidations at a number of Wall Street Banks. Estimates show Bill Hwang, the man behind Archegos, levered his positions as much as 5X and so far has triggered the liquidations of positions approaching $30 billion in value. Dan takes a deep look at this story of greed and hubris before leaving listeners with one crystal clear takeaway. Then Dan invites Tucker Walsh onto the show for a conversation about one of the hottest sectors of the market over the past year – small cap growth stocks. Tucker is head of the Small Company Growth Team and lead Portfolio Manager at Polen Capital's U.S. Small Company Growth strategy. Prior to joining Polen Capital Tucker spent 10 years as CEO at Copper Rock Capital Partners and 9 years as Managing Director and Head of Small Cap Growth Team at State Street Research. Tucker and his team look to invest

Shortly after they exchanged hellos, an old friend of Dan's enthusiastically told him about all the money he's made in penny stocks. And what he said next pretty much stopped Dan in his tracks... On this week's rant, Dan takes a look at the continued rise of risky speculations in the markets... and gives some advice for anyone still dabbling in them. Then Dan invites economist Per Bylund in for a conversation about a topic not often discussed on the show. Per is Assistant Professor of Entrepreneurship and Records-Johnson Professor of Free Enterprise in the School of Entrepreneurship at Oklahoma State University. His research focuses on issues of entrepreneurship, strategic management and organizational economics, especially where they overlap with regulation and policy. Per explains how the long term effects of regulation are easy to ignore because they are often unseen. But if we want as prosperous a world as possible, we should all pull our head out of the sand and begin to pay attention. Dan and Per also

One year ago today, Bitcoin traded for around $5,200... Today, it's hovering around $58,000... When one of your investments has grown to a massive winner, what's the next step? It's a tough question that every investor needs to face on their own. But on this week's rant Dan looks back to the story of Robert Kirby and the coffee can portfolio, which suggests sometimes the best thing to do... is nothing at all. Then on this week's interview, Dan invites Jason Hsu onto the show. Jason is Chairman and CIO of Rayliant, an asset manager who focuses on generating alpha from investing in China and other inefficient emerging markets. Some asset managers tend to lean towards a quantitative approach... Some use a fundamental approach... Jason shares how Rayliant has blended the two into one in order to take advantage of the massive opportunity in China and other emerging markets.  During their discussion, Dan and Jason discuss the massive opportunity in China today... how the Chinese government's hands-on approach diffe

Is gold just another "greater fool" investment? Warren Buffett seems to think so. Or at least, he's said as much in his 2011 letter to investors, when he compared gold to the tulip bulb mania. On this week's rant, Dan examines this point of view and explains what Buffett doesn't seem to grasp when it comes to gold... Then on this week's interview, Dan invites Gregg Fisher onto the show. Gregg is the founder and portfolio manager of Quent Capital, an asset management firm focused on systematically investing in global innovation. Many guests on the show fell in love with finance and investing later in life... but that's not the case with Gregg. Gregg was born into the investment business and well on his way by the time he was a teenager. By the time he left college, Gregg helped pioneer some of the quant trading strategies that are so common in the industry today. During their discussion, Gregg explains why so many small innovative companies are often overlooked. But he stresses that if you're willing to do a l

It’s not the sexiest part of the market, but Dan decides to break down bonds. If you look at the benchmark ten-year bond treasury yield, it has tripled since last year. Does this mean the bond rally is over and we’ve topped out at the bond market? Or is inflation finally kicking in as yields climb? Bond interest rates are the lowest they’ve been since there’s been data for this, and if the Fed keeps trying to stabilize and suppress rates, printing endless cash and buying new government debt, the more dire the economic consequences will be. They should just let the market adjust naturally, or we’ll have 2008 all over again. Dan’s guest this week is Chris Retzler, a portfolio manager at a small-cap growth-fund for Needham Funds Asset Management. His fund thrived during the bear-market bottom, nearly doubling. Retzler’s forte focuses on nurturing long-term relationships with his portfolio companies’ management teams and seeking out undiscovered investment opportunities. The appeal of small-cap stocks is the room

Well, the market proved Dan right yet again. ARK Investment Management, CEO Cathie Wood, and their ETFs lost three out of their 60 billion last week -- Dan knew from ARK’s ballistics charts that the stock seemed to be topping out. While he applauds Cathie and her company for getting into the disruptive tech game in 2014, he knows that Tesla and Bitcoin (part of ARK’s ETF bundle) remain hot stocks that are way ahead of themselves -- and too easily swayed by an Elon Musk tweet. Everyone wants to be in the market right now, but when stocks top out like this, Dan likens it to people contentedly queuing up for a Broadway show, only to be slaughtered once they get inside. Or, in other terms, be cautious right now, investors. Dan’s guest this week is Yoav Sharon, a portfolio manager for the Driehaus Capital Management, in charge of investment research and securities selection. He boasts 16 years of industry experience and has been a senior member of Driehaus’ investment team for eight years. Event-driven investment

Is Bitcoin going to continue to climb, or has it already reached its peak? Dan reflects on the reflexivity of some of these gangbuster stocks. He also shares his must-read pick for financial history books, and not just for great topics of conversation at parties. Then, Scott Helfstein, executive director of Thematic Investing at ProShares, joins Dan to talk about the ever-evolving trends of ETFs. While Thematic Investing seems to have become a new buzz word, Scott argues that the term originated inside ETF trading and Thematic is just the next evolution. Scott also breaks down key sectors that he thinks were transformed by the pandemic in 2020. And finally, on the mailbag this week, Dan answers additional questions about Bitcoin and confronts a staggering accusation of not being humble. Listen to their conversation and much more on this week’s episode.

The Melt Up is upon us... Retail investors are getting rich piling into stocks, irrational exuberance is at dangerous highs, and all valuations have gone out the window.  But is this the big one? Are we seeing the Mother of All Melt Ups? Dan opens the show by sharing a few increasingly troubling news items that have him worried... Next, Dan invites Stansberry Research's, Eric Wade, onto the show for a conversation on all things crypto. Eric is an entrepreneur, investor, screenwriter, and editor of the Crypto Capital newsletter at Stansberry Research. Dan takes this opportunity to ask him all the beginner questions others are afraid to ask: What exactly is Bitcoin? What do I own when I own Bitcoin?  Won't the government try and shut it down?  If they can't do that, won't the government tax and regulate it to death? Could another crypto come along and replace Bitcoin? Eric answers everything Dan throws at him while keeping things simple. He stressed that you don’t need to have a degree in computer science to in

The GameStop rise has come and gone. Last week, shares for the retail video game store traded as high as $480... but over the past week the stock has plummeted over 80%. Dan examines the situation and comes away with some key takeaways about free brokerage apps, like Robinhood, and who they truly serve. Then Dan brings the perfect guest onto the show to discuss the situation, legendary trader and market wizard, Chris Camillo. In 2007, Chris began his investing career by turning $20,000 into over $2 million, during a three-year period where you were lucky to make any gains in the market at all. Today, Chris is an accomplished author, investor, and entrepreneur who has been featured in Jack Schwager's book Unknown Market Wizards. Chris' trading style is pretty different than anything we've covered on the show before. Chris explains how he uses social arbitrage investing to try to get out ahead of new trends and identify early shifts in popular movements. Chris says he does almost 100% of his research and tradin

Five days ago, GameStop traded for less than $50 per share. Yet on Thursday, at the time of this writing, the stock has soared as high as $482.85... What on earth is going on? Dan explains what is behind the meteoric rise of GameStop, AMC, and a few other unassuming stocks in this week's opening rant. Then Dan invites a trading legend and "market wizard" onto the show. For decades, Peter Brandt has been considered one of the world's foremost authorities on using classical charting principals to trade futures, forex and even the crypto markets. Peter is also featured in the acclaimed book by Jack Schwager, Unknown Market Wizards: The Best Traders You've Never Heard Of. He's also the second wizard we've had on the podcast. Peter gives Dan an in-depth look into why the classical chart patterns don't seem to work anymore, and how Peter's adjusted his trading today. If you think of yourself as a trader, this is an interview you cannot afford to miss. And finally, on this week's mailbag Dan receives a great questio

Despite the multitude of problems facing our country, stocks keep moving higher and higher, leading more people to question if we're currently in a bubble. This leads Dan to explore two important questions. What do you do with your money when you know you're in a bubble? And what do you do if you know that bubble can last for years before popping? Then Dan invites Andrew Beer, Managing Member at Dynamic Beta Investments, on to the show to answer some questions about the world of hedge funds. Andrew joined the hedge fund industry in 1994 as a portfolio manager at Baupost for the legendary Seth Klarman. In recent years, Andrew's focus has been on how the hedge fund model can be improved based on liquidity, access, and cost perspectives. Dan and Andrew discuss his start in the industry and how things have changed over the past 3 decades. Andrew shares some of the reasons hedge funds have declined in popularity over the years.... and how his firm, Dynamic Beta Investments, is looking to change that. And finally,

Every year, the top resolution for millions of Americans is to lose weight and get in better shape. But the numbers show this is far easier said than done. So this week, instead of focusing on your wealth, we're taking a look at your health as Dan brings fitness guru and internet sensation, P.D. Mangan, onto the show. P.D. shares the story of how at age 50, he was frail, feeling terrible, and in general poor health. But today at age 65, he's in better shape than most 20-year olds. P.D. shares the shockingly simple way he did it – without the help of dozens of supplements or steroids – and without spending endless hours in the gym. P.D. is unique in that his advice typically goes against what many traditional health experts have been saying for decades. Today, he helps teach folks of all ages how to eat right, get stronger, live longer and win with science-based health and fitness. Listen to his discussion with Dan and more on this week's episode. Interested in more from Stansberry Research? Check out the Amer