Stansberry Investor Hour

This week, Dan brings a fresh voice to the show: seasoned value investor Gary Mishuris.  Gary is currently the managing partner and chief investment officer of Silver Ring Value Partners, an investment firm that focuses on long-term intrinsic value investing. He has more than two decades of portfolio and asset-management experience plus degrees in computer science and economics from the Massachusetts Institute of Technology ("MIT")... which is where he received the advice that shaped his career. Gary used to make rookie investor mistakes – like losing his shirt after putting all his money into a hot stock that tanked. But when Warren Buffett came to speak at Gary's alma mater, his words put the ambitious young man on a path to learn value investing instead of "gambling around with tech stocks." Today, Gary has his own priceless advice to share with our listeners, such as keeping a well-diversified and allocated portfolio. He warns against blindly chasing the price action and stubbornly allocating half of one'

This week, Dan welcomes a guest who he describes as "my style of investor"... Stansberry Venture Value editor Bryan Beach. In his newsletter, Bryan hunts for gems in the beaten-down, hated microcap sector of the market. And no one does it better than Bryan... Thanks to years of creating and auditing financial reports for the "Big Four" and software companies, he has honed his talent for uncovering opportunities within the dense terrain of Securities and Exchange Commission ("SEC") filings. Dan and Bryan delve into a conversation about special purpose acquisition companies ("SPACs") – a topic Bryan has been covering well before the 2021 bubble popped. And he has dug deep into the "SPAC scrap heap" to uncover a few diamonds in the rough, naming a few businesses on his radar, too. Bryan also discusses another overvalued group of stocks that's a favorite of his – Software as a Service. Then, he scrutinizes the housing market, and Dan shares his "macro" point of view on the matter.  Finally, Bryan urges listeners

Today's guest last joined Dan at the Investor Hour table when the world was in the throes of a newly declared pandemic. This time, he visits us amid rampant inflation... a newly declared bear market... and likely a nascent recession. Doug is the founder of Casey Research and a prolific writer with several highly acclaimed books under his belt. His financial book Crisis Investing was a New York Times No. 1 bestseller for weeks, dethroning the works of heavyweights such as economist Milton Friedman, former President Richard Nixon, and astronomer Carl Sagan. Doug isn't afraid to let loose on controversial topics like the Second Amendment and the police. And he doesn't mince words when it comes to Uncle Sam...  I despise politics... Politics is actually institutionalized coercion. It's all about the government and who runs it. The government is an entity that holds a gun to your head – subtly or overtly – and tells you to do what you're told. Increasingly, American life is revolving around the state, the governme

This week, Dan introduces a brand-new guest to Stansberry Investor Hour... But he's no stranger to Stansberry Research. Dave Lashmet, colleague and editor of Stansberry Venture Technology, joins Dan for a fast-paced talk on innovation, technology, and, of course, investing. His Venture Technology service uses a "venture capitalist" investing approach and focuses on biotechnology firms. And according to Dan, Dave is "well known as a man who scours the Earth for great ideas," thanks to his boots-on-the-ground research and networking at countless conferences and meetings. The two dive into Stansberry Research's history – including how founder Porter Stansberry actually hired Dave after meeting him in college... where Dave was Porter's professor. And Dave also regales Dan with tales of his former job as a self-described "mix between an engineer and a businessperson inside a tech company." Dan also commends Dave for his recent recommendation to Venture Technology subscribers to sell their remaining stake in Nvidia

Today, Dan welcomes first-time Investor Hour guest Steve Gorelik to the show. A 15-plus-year veteran of Firebird Management, Steve currently manages the Firebird U.S. Value Fund. And as a native Belarusian, there's no one better suited to manage Firebird's Eastern Europe and Russia funds as well.  The big question Dan asks Steve is how he has been handling the funds amid the Russia-Ukraine war. Steve shares his thoughts on Russia's investment prospects and the ruble's volatility. And he explains that, surprisingly, many Eastern European companies present very robust investment opportunities – as long as the countries' macroeconomics look good.  When it comes to doing the legwork on researching a prospective addition to your portfolio, Steve emphasizes that you shouldn't just look at how a company makes money... Seeing how a company spends its money is critically important, too. He also delves into the prospect he sees in a particular type of financial company. And finally, according to Steve, every investor s

We're now in a bear market... But today's Stansberry Investor Hour episode won't focus on that. Instead, Dan has a unique guest whose rousing words will be a respite from the recent market carnage.  Vitaliy Katsenelson is the CEO of value-investing firm Investment Management Associates. He's the author of two books and an award-winning writer featured in publications like the Financial Times and Barron's. However, Vitaliy describes himself as a "student of life." And he has just released his third book, called Soul in the Game: The Art of a Meaningful Life. As a classical-music lover, Vitaliy had a revelation when writing about the travails faced by some of his favorite composers during their own creative processes – from being compared with a former great to pioneering a piece that broke the rules. It's about learning how to push past the anxiety and forge your own path in life and investing... In any profession, there's always going to be somebody who's considered to be the "greatest" whatever... It's so ea

Today, we welcome Broyhill Asset Management President and Chief Investment Officer Chris Pavese to the Stansberry Investor Hour. It has been three years since Dan and Chris last spoke on our show. And needless to say, a lot has changed in the markets and the world since then – including a pandemic, war, and economic turmoil. As a seasoned industry veteran who has guided his clients through previous cataclysmic financial events, Chris has some advice to offer novice investors...   He explains the big mistake fledgling investors make is "chasing the most spectacular returns" and looking for advice from people or places that "put up great numbers in bull markets" while ignoring their performance during bear markets. After all, he says, "The most spectacular returns of 2021 are posting the most spectacular losses this year."   Chris and Dan both agree that focusing on finding value in a market environment like this one is your best bet. That's the kind of research Chris' firm Broyhill specializes in... like exami

Yes, they've gotten a lot of flak. But could there be something more to the "meme-stock mania" crowd?  In this week's Investor Hour episode, host Dan Ferris welcomes WallStreetBets founder Jaime Rogozinski back to the show. WallStreetBets is an infamous forum on social media site Reddit. The online community came to public attention in early 2021 when its denizens – often viewed as young, uneducated, and risk-hungry investors – crippled hedge funds by pumping up undeserving "dead stocks" like AMC Entertainment (AMC) and GameStop (GME). In this week's interview, Jaime gives his eye-opening perspective on the 2021 mania, saying there's more to the story than the negative picture painted by the media... It's a sophisticated way of doing risk awareness. But it's a conduit for people that start off in a risk-hungry environment and eventually move into a more responsible, traditional approach – but with a tremendous knowledge, I would say, even more so than the average person that starts off with lower-risk approac

On the heels of last week's special bear market presentation comes the perfect guest for today's episode: Investor Hour veteran, software architect, and CEO of portfolio-tracking service TradeSmith Keith Kaplan. As the threat of a recession looms, hunting for "forever businesses" while pruning portfolio losers at the right moment becomes critical for individual investors. The process can be overwhelming on your own. But TradeSmith's elegantly built trading software – the backbone of a product suite that offers everything from portfolio creation to management – distills all that complicated information into a simple, intuitive system. It's similar to what the professionals use, but it's engineered for the retail investor.  In this week's interview, Keith explains how his company's proprietary technology strives to make investing less daunting, using easy-to-understand "stoplight system" volatility indicators and smart trailing stop alerts. After all... As human beings, we always do the opposite of what we shou

In this week's Investor Hour, Dan's going solo. Instead of the usual tête-à-tête with a guest (we'll return to this regularly scheduled format of our program next week, though), he wants to share something with his listeners that he recently hammered home in the Stansberry Digest...This is a bear market. I've been a fool not to think it. And I've been a fool not to say it to you. So let's consider that huge mistake fixed... I'll never make it again as long as I live. So for today's episode, Dan's coming straight to you, the listener, with his keen observations on the recent market action and his tips on what steps you can take to protect your portfolio. And to round out his assessment of today's bear market in equities, he's bringing on fellow colleague and resident cryptocurrency expert Eric Wade for a special commentary on the bear market in cryptos.

258 While this year has presented a difficult trading environment for everyone so far, Greg's Ten Stock Trader advisory has been making a killing. Its win rate stems from Greg's expertise in technical analysis – a strategy that relies on studying past market and human behavior to predict what's next. With nearly two decades of experience trading and managing multibillion-dollar portfolios across every asset class, Greg is well-versed in guiding his subscribers to profits... while also knowing when to sit back and be patient.  But it's not just about technical analysis... Greg also underlines the importance of understanding the fundamentals of market behavior, inspired by his recent readings on legendary investor and trader Stanley Druckenmiller... At the end of the day, follow the Fed. What's the Fed doing? Are they opening the spigot and releasing cash into the market? Or are they not? So, what's Greg's secret to surviving – and thriving – in this rocky market while everyone else gets "whipsawed"? Greg says

In today's dismal market, value stocks remain a beacon of hope for investors... And there's no one better suited to discuss this topic than recurring Investor Hour favorite, Tobias Carlisle. Tobias is the founder and managing director of deep-value investment firm Acquirers Funds, which is centered around his trademarked valuation tool – the Acquirer's Multiple. Simply put, it's a "valuation ratio used to find attractive takeover candidates"... and is favored by many activists and buyout firms. On top of creating a proprietary metric, Tobias has also written several books, including The Acquirer's Multiple, Concentrated Investing, Deep Value, and Quantitative Value. So, what does Tobias have to say about the slump we're in? It's not really a question of where you think the market's going to go because you're invariably going to be wrong... The best return you're going to get is by being fully invested. He says "names that can survive a nuclear winter" are the keys to surviving this bear market. To Tobias, tha

In this week's episode, returning guest Hugh Hendry joins Dan for another round at the Stansberry Investor Hour table... Hugh founded the now-defunct Eclectica Asset Management in 2005. He rose to fame as the "Scottish hedge-fund king" when his fund returned 30%-plus during the throes of the financial crisis. He's also well-known for his outspoken remarks and contrarian views. One time, he even duked it out with a Nobel Prize-winning economist on television, asking, "Um, hello? Can I tell you about the real world?"  These days, Hugh entertains a wide audience with his wit and energetic market commentary in his podcast, The Acid Capitalist. Today's conversation begins with a bang, as Dan and Hugh tackle one of the biggest market headlines: the stock sell-off. Shares of "FAANG" giants like Netflix, Amazon, and Apple are tanking... And it's hard to see these behemoths – which were once among the best-performing tech companies in the world – as "risk free" businesses anymore. Instead, they could herald a recessio

With inflation creeping higher and higher these days, now is the perfect time for this week's guest to make his Stansberry Investor Hour debut. Patrick Yip is a precious metals expert. He's the director of business development at APMEX, one of the largest online precious metals retailers in the U.S., as well as the manager of OneGold, APMEX's innovative investment platform for vaulted positions in gold, silver, and platinum. And he says that in a market fraught with uncertainty like we're seeing today, it's especially important for conservative and speculative investors alike to consider adding precious metals to their portfolios... If history repeats itself, inflation at its current rate could erode half of your wealth in nine years. No one knows what the future is going to give us. But if history repeats, precious metals are going to protect your wealth and maybe even increase your wealth. Gold, he says, is perfect for those seeking extra portfolio protection during periods of high inflation. If metals rall

In this week's episode, Dan Ferris is joined by the chief investment officer of Logica Capital Advisers, Wayne Himelsein. Wayne founded the investment advisory firm in 2011. Throughout his 25-year career, he has developed and refined his quantitative-trading methods, risk, and portfolio-management processes. A self-proclaimed "quant trader," Wayne uses advanced mathematics to help identify moneymaking opportunities in both good times and bad. So in today's unforgiving market environment, he's a valuable guide for novice and veteran investors alike. When asked to define himself as an investor, Wayne emphasizes how investing should be thought of as "trading your personality." You should invest in a way that aligns with how you see and understand the world... What's funny to me is that people get really... rigorous about their view. If somebody, for example, is not very mathematical and they deeply believe in the fundamentals – understanding the company and talking to management and the whole other side of the w

Metals and mining stocks are a hot topic right now. Global commodity prices continue to surge as the Russia-Ukraine conflict rages on... The U.S. is looking to ramp up domestic production of the minerals needed to produce electric-vehicle batteries... Even the "meme stock" crowd is jumping on board, recently pushing a previously unnoticed small metals miner up nearly 800%. According to Dan, "There's something broken about the market." So this week on Stansberry Investor Hour, he invites seasoned geologist Brent Cook to break down the real opportunities in this highly complex industry. Over his storied career, Brent has worked in more than 60 countries consulting on proposed mine sites. His knowledge spans all areas of the mining business, from the conception stage to detailed technical and financial modeling for mine development and production. In 2008, he founded the popular Exploration Insights newsletter and helped develop what is now one of the most invaluable tools in the industry, the Drill Hole Interva

For this week's episode of Stansberry Investor Hour, Dan Ferris welcomes back powerhouse guest Marc Chaikin, the founder, and CEO of Chaikin Analytics. Marc is a 40-year Wall Street veteran who, more than a decade ago, developed a revolutionary investing tool called the Chaikin Power Gauge. It's an objective, quantitative system that simplifies the stock-picking process and levels the playing field between institutional and individual investors. This week, Marc also shares some interesting tidbits about the Power Gauge's history, including when he showed the Nasdaq how his tool could "turbocharge" its three core indexes to yield double-digit outperformance. And at Dan's request, Marc gives his outlook on investing in technology stocks, along with a tip on the one quantitative measure that he uses to pick out the "cash-flow cows" from all the beaten-down tech stocks that litter the market.

In this week's interview, Kevin Duffy – who has been in the game for more than 40 years, from buying his first stock at age 13 to shorting heavyweights in the housing and credit bubbles –shares his unique perspective on today's investing atmosphere. He and Dan discuss everything from the stocks, commodities, and inflation concerns that are shaping today's financial environment to the cultural shifts caused by pandemic-accelerated digital revolution and Disney's employee walkout.

This week, Dan Ferris speaks with Herb Greenberg. A renowned investigative financial journalist and now the senior editor for Empire Financial Research, Herb has had a storied, 40-plus-year career in the financial markets. Herb discusses plans to launch a brand-new, long-only research service. He shares his process for empowering and educating the everyday investor, as well as what goes into researching the best companies for his readers. And in his answer to Dan's traditional Final Question, he describes one of the biggest changes he has made in his own life – a change that he urges all listeners to make as well: eliminate toxicity...

In this week's episode of Stansberry Investor Hour, Dan dives right into discussing the biggest current crisis that has upended the global markets: the Russia-Ukraine war. And Dan's guest today is none other than Stansberry Research's international editor, Kim Iskyan. There's no one better suited for the topic at hand than him. The two chat about everything from how Venezuela and Iran could benefit from Russia's isolation... to how China might even have "the chance to become the geopolitical soft power it wants to be"... and to how it all might play out for "the ultimate dictator," Russian President Vladimir Putin. Kim also shares two unique and pertinent investment ideas for these turbulent times