Stansberry Investor Hour on Smash Notes

Stansberry Investor Hour podcast.

March 24, 2020

From financial markets and politics to business and social issues, Dan Ferris and our Stansberry Analysts offer candid discussion on today’s most important headlines. Each week you’ll hear exclusive interviews with guest investment experts, authors, and top thinkers such as Jim Rogers, Kevin O’Leary, Glenn Beck, PJ O’Rourke, and Jim Grant.

The Stansberry Investor Hour is produced by Stansberry Research, LLC.



Recently updated notes

Dan opens this week's show ranting about good thinking versus bad thinking. And then he goes off on a listener who emailed in with some bad thinking.

Then on this week's interview, Dan welcomes  guest Aaron Edelheit on to the show. Aaron is an author, value investor, and the CEO and Founder of Mindset Capital. Aaron is a repeat guest to the podcast who has been featured and quoted in the Wall Street Journal, the New York Times, Bloomberg, CNBC, among many others.

During the interview, Aaron does a deep dive into one of his favorite value stocks that has been beaten down for several years. It's a household name that everyone has heard of, it has a massive base of millions of engaged users, and dozens of ways to monetize that base going forward. Could a new incoming management team be all it takes to send this stock soaring?

And finally on the mailbag, several listeners have questions about alternatives to Bitcoin or possible Bitcoin copycats. Dan reads a response from Eric Wade, Stansberry's biggest crypto expert, to help address these concerns. Plus, one physician writes in to tell Dan that he cringes every time Dan talks about coronavirus.

Listen to Dan's response here on this week's episode.

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On this week's episode, Dan turns to Dr. David Eifrig for his thoughts on the Coronavirus. Now that we know 80-90% of people who are infected with Coronavirus have with no problems, Doc says it's time to re-open America.

Then on this week's interview, Dan welcomes Rupal Bhansali on to the show. Rupal is Chief Investment Officer and Portfolio Manager at Ariel Investments, where she manages over $6 billion in portfolios for both institutional and retail clients.

During the interview, Rupal shares her fascinating story of growing up in India and working her way up Dulal Street, the Indian version of Wall Street, where she learned the fundamentals of investing for several years before coming to America and trading her first stock.

Rupal also tells Dan about the biggest lesson she learned from George Soros during her time at Soros Fund Management. Later, Rupal also explains to Dan why an extremely popular stock found in many of the listeners portfolios is extremely overvalued. Plus she mentions a long-forgotten stock that she thinks could be a massive winner. You won't want to miss it.

And finally Dan answers questions from listeners in another mailbag. One listener asks, what's the best way to invest in Chinese equities and ETFs?  Another listener asks, is it even possible to fight the Fed when they just keep pumping money into the market? And finally, what are your top must-read books for newer investors just getting started?

Dan answers these questions and more on this week's episode.

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Dan starts off this week's rant focusing on some crazy news the Fed just announced. Could we see a sideways market over the next five years? If you think it's impossible, just know it's happened before.

Plus, Dan takes a look at Hertz's insane new prospectus and highlights some of the gems. The company readily concedes that these shares will end up worthless, yet millions of shares are still being bought to this day.

Then on this week's interview, Dan brings 19-time-Emmy-winner and winner of 5 awards from the National Press Club, John Stossel, onto the podcast. John has been one of the biggest names in TV consumer reporting over his incredible 50 year career, working for both ABC News and Fox Business Channel. John also has written several books, most recently, No They Can't! Why Government Fails but Individuals Succeed.

During their interview, John tells Dan why he has left the mainstream media circle and created StosselTV on www.JohnStossel.com. They also discuss other hot button topics like the nanny state, trouble with policing in America, and the Coronavirus. You won't want to miss this interview.

On this week's episode of the mailbag one listener asks Dan, what happens to the crypto network when miners no longer receive compensation for their work? Also, are there any specific parallels from the Dot Com crash to today's market environment? And why do some bankrupt companies actually stay above zero?

Dan answers these questions and more on this week's episode.

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On this week's episode Dan discusses several news stories popping up of brand new retail investors making incredibly risky bets gambling on stocks like Hertz and J.C. Penney.... Could we be nearing the top again?

Plus, Dan discusses some extremely controversial steps being taken in Minneapolis, after their City Council announced plans to disband the police department. Could is actually succeed or is it destined for disaster?

Then, Dan bring special guest, Dr. Jeff Ross, onto the podcast for this week's interview. Jeff is the Founder and Managing Director at Vailshire Capital Management, an investment advisory service, and Vailshire Partners, a hedge fund that is beating the market this year by a wide margin.

During their conversation, Jeff and Dan talk about the protests and riots across the country, including the shifting perceptions on the black lives matter movement. Jeff also shares what he thinks will be the best investment of the next decade and one of his favorite stocks.

Finally, Dan gets a little heated answering questions from the mailbag... Dan, what's with your opinion? Just give me the facts... Is there actually rioting in the streets? How can a few thousand millennials on Robinhood cause a Melt Up? What happens if a law is passed and Chinese companies are de-listed from US exchanges? And why is the bond market considered a leading economic indicator?

Dan answers these questions and more here on this week's episode.

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Dan opens up this week's episode discussing the tragic death of George Floyd and the riots and protests that have erupted across the nation as a result.

Dan discusses the factors that make this situation feel different and the implications it could have on the market's recovery. He also shares how this could have huge potential investmenet implications for investors down the road.

Then, Dan bring special guest, Jesse Felder, onto the podcast for this week's interview. Jesse started his career at Bear Stearns & Co. and has professionally managed money for over 20 years.  Since moving to Bend, OR and founding The Felder Report, Jesse's writing and research have been featured in major publications and websites such as Barron's, The Wall Street Journal, Yahoo Finance, Business Insider, Real Vision, and more.

 

During their conversation, Jesse shares his insights with Dan into where he thinks the market is headed. He also shares the name of a really undervalued stock that he's been trading lately... Jesse says this company has no debt, over $1 billion in cash reserves, and is trading way below its liquidation value.

Then Dan answers questions from listeners during this week's Mailbag. Why is it that those who claim fiat currency is collapsing want us to buy gold from them using US dollars? Wouldn't they want gold over dollars? What would a long deflationary cycle do to the price of real estate, gold and Bitcoin?

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Dan opens up this week's episode with a rant about why he's turned back to bearish. Could another correction be on the horizon?

Then, Dan brings a very special guest, former U.S. Presidential candidate and 22-term Congressional veteran, Dr. Ron Paul onto the show for this week's interview.

Dan and Ron start off by discussing Ron's background as a doctor and how that shaped who he is today. Ron shares what made him eventually switch gears to politics, ultimately leading to long successful career in Congress and a highly influential Presidential run.

The pair also cover topics like drug prohibition, out of control government spending, and the future of the younger generation. Ron even shares his controversial stance on the Coronavirus with Dan. Then he shares what he thinks people should do with their money today. You won't want to miss what he says.

Then Dan answers questions from listeners during this week's Mailbag. Given all of the money printing going on, would it make sense to invest in currencies in other countries? And what would happen to the price of gold and gold stocks if a debt jubilee were to happen?

Dan answers these questions and more here on this week's episode.

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On this week's episode of the Stansberry Investor Hour, Dan begins by dispelling several common rumors circulating about previous guest from Episode 153, Bill Browder. He also shares an incredible discovery from a new research project he's working on.

Then, Dan brings Chris Macintosh, onto the podcast for this week's interview. Chris started his career at Lehman Brothers, Invesco Asset Management, JPMorgan Chase, and Robert Flemings. Since then, Chris has founded and built several multi-million-dollar businesses in the investment arena, including overseeing the deployment of over $30 million into venture capital opportunities.

Chris shares some of his macro thoughts on the long term effects of the Coronavirus with Dan. Dan and Chris discuss the measures being taken and the solutions being offered by the government. Plus, Chris shares some investment opportunities in unpopular sectors that are currently incredible values.

Then on this week's mailbag, Dan answers some questions about Bitcoin and the Fed. Will the government try to ban cryptocurrency if it ever seriously competes with the dollar? Could a powerful future technology be capable of re-writing Bitcoin's code?

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On this week's episode of the Stansberry Investor Hour, Dan kicks off the show with a rant about Bitcoin. He shares what makes Bitcoin different from other fiat currencies and argues that everyone should own a small amount.

Then, Dan brings author, Matt Ridley, onto the podcast for this week's interview. Matt is an award-winning author who has written books such as Genome, The Rational Optimist, The Evolution of Everything and many more. His books have been translated into 31 different languages and have sold over 1 million copies worldwide.

Matt and Dan discuss the Coronavirus, and the global response to it. Are governments around the world doing the right thing? Are people right to worry? Or is there cause to be more optimistic?

Then on this week's mailbag, Dan gets a lot of heat from some of the listeners. Is last week's guest, Bill Browder, a crook? Was the Russian government the real victim? Did Dan buy into Bill's propaganda?

Dan examines the arguments from some listeners and fires back.

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On this week's episode of the Stansberry Investor Hour, Dan fills in listeners about Warren Buffett's annual Berkshire Hathaway Shareholder's Meeting. Buffett discusses some missteps Berkshire has taken in recent years and gives his outlook for the future.

Then, Dan brings special guest, Bill Browder, onto the podcast for this week's interview. Bill is the founder and CEO at Hermitage Capital Management, which was at one time the investment advisor to the largest foreign investment fund in Russia.

Browder saw corruption in Russia and exposed it. Because of this he was refused entry to Russia and declared a threat to Russian national security.

During Bill's fight for justice, his lawyer Sergei Magnitsky helped him testify against crooked Russian police officers. Sergei was later arrested, tortured, and eventually murdered by the Russian government.

Today, Bill works as a political activist working with governments in nations all over the world fighting kleptocracy in an effort to bring the men who killed Sergei Magnitsky to justice.

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On this week's episode of the Stansberry Investor Hour, Dan starts off by clearing up one important distinction about non-essential versus essential businesses. For a minute, Dan's rant gets a little heated.

Then, Dan brings James Montier onto the podcast for this week's interview. James is the author of several well-known books such as  Value Investing Tools and Techniques for Intelligent Investment, Behavioral Investing: A Practitioners Guide to Applying Behavioral Finance, and The Little Book of Behavioral Investing.

Dan and James immediately hit it off and talk about what drew them to the value investment, Warren Buffett, oil prices, COVID-19, opportunities in the market today... and much more.

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On this week's episode of the Stansberry Investor Hour, Dan sounds off on the price of oil. Why on Earth did this happen? What does it mean for the average investor?

And could it happen again?

Next, Dan brings on Enrique Abeyta, editor from Empire Financial Research, onto the podcast for this week's interview. Over 20 years ago, Enrique started working on Wall Street, where he founded and served as managing partner at two long/short hedge funds.

Enrique famously generated positive returns during the bear markets after the Dotcom bust and the global financial collapse.

Enrique's not your typical Wall Street fund manager though. He's got some pretty controversial views on investing that leave Dan speechless. Listen for yourself on this week's episode.

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Is it time to buy stocks, or should investors wait for the bottom? This week, Extreme Value Editor Dan Ferris offers a surprising answer to questions he hears most often from listeners.Our guest, Rick Rule of Sprott U.S. Holdings discusses the future of gold, and gives an incredibly bullish case.Listen now!

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Is the recovery already underway? Are investors out of the woods yet? The markets haven’t swung this much since October of 2008. This week, Extreme Value Editor Dan Ferris reminds us that whenever there's volatility in the markets, there's great opportunity.Our guest, Mitchel Krause, founder of Otherside Asset Management discusses his unique investment strategies that reduce risk and have allowed him to outperform the majority of indexes out there.Dan and Mitchel discuss diversification and tackle some common sense investing ideas and debunk the safety of following the herd. Listen now!

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On this week's episode, Dan speaks with Bethany McLean, author of the "The Smartest Guys in the Room" the story of the scandalous and unexpected fall of Enron.

Before their epic collapse, Bethany was one of the first in the financial media investigating the red flags around the company. In early 2001, she wrote an article in Fortune Magazine, titled "Is Enron Overpriced?"

Bethany even lets Dan in on an industry that could be seeing bankruptcies in the coming years.

The two also touch on the Coronavirus, and the reason there's so much uncertainty. Bethany admits "there's a lot that we just don't know" but ends the episode on a very positive tone. Enjoy.

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On this week's episode, Dan gives the latest updates on what is on everyone's mind, the Coronavirus. At the moment, unfortunately, we have more questions than answers.

"What happens if the poorest in our country can't work for 6-8 weeks?"

"What happens if Americans go back to work before the virus ends?"

"Is the cure worse than the disease?"

Then on this week's interview, Dan invites Principal of Bearing Asset Management, Kevin Duffy, onto the show.

Bearing Asset Management was one of the few firms on Wall Street warning their clients of the housing and credit bubble before 2008.

Dan asks Kevin about his new newsletter "The Coffee Can Portfolio." It's based on an older contrarian investment strategy that you may be unaware of.

Kevin tells Dan stories of what it was like on Wall Street during the Financial Crisis and why the situation today seems so different.

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This week Extreme Value Editor Dan Ferris discusses why the "Coronavirus is the biggest thing to happen on planet Earth since World War II." He shares why he's not back in on stocks yet.Our guest, Doug Casey doesn't mince words with the current situation around the pandemic, and explains why "This is the start of the Greater Depression," and what individual investors should do with their money right now.

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The day has finally arrived.

The Bull Market is officially over.

The DOW dropped 1,400 points yesterday ending the longest bull market in U.S. history.

Ordinarily, Dan has a guest on the show to discuss some aspect of the finance, but because of the unexpected turmoil and volatility this week, we decided to do something different.

Today, Dan is here to talk to you – one-on-one – about the end of the bull market, about the Coronavirus, and about what it all means for your money.

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This week, Extreme Value Editor Dan Ferris explores if the Fed's recent rate cut in response to coronavirus fears will make up for the economic slowdown. He cautions against optimism in the market going forward. Dan also points out what President Trump doesn't get about interest rates.Our guest, award-winning journalist Gregory Zuckerman from The Wall Street Journal dives deep into one of the most well-kept secrets of the finance industry. He explores how the Medallion Fund was able to return 66% annually over a 30-year span. Listen now!

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This week, Extreme Value Editor Dan Ferris discusses the spread of the coronavirus, which is bigger threat than markets originally anticipated. We break down both the short and long-term implications on global markets and discuss how much worse will things get?Our guest, Dan Schum shares the best microcap and nanocap stocks he's found. He explores if investors can beat the market buying penny stocks. Listen now!

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This week, Extreme Value Editor Dan Ferris examines China's handling of the coronavirus outbreak and asks if the country increased the risks by trying to cover it up. He also gives investors some actionable advice on how to best play the situation. Our guest, David Collum, professor at Cornell University discusses share buybacks and the Fed's latest "insane" move. Dan and David also take a deep dive on climate change and the Jeffrey Epstein story, with David calling the Epstein story, "the biggest story in American history..." Listen now!

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This week, Extreme Value Editor Dan Ferris explores whether the coronavirus inspire further rate cuts from the Federal Reserve. He also answers listener questions about the Fed and its policy. Our guest, Mark Minervini explains his “burn the ships” mentality for investors. He shares how in order to be truly successful, investors have no choice but to go all in with everything they have.

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This week, with coronavirus cases spreading, Extreme Value Editor Dan Ferris discusses how you can track the outbreak and begs the question "Is the situation worse than is being reported?"Our guest, Raoul Pal, discuss global macro ideas and Raoul gives the listeners four simple words of advice to help their portfolios. Listen now!

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This week, Extreme Value Editor Dan Ferris assesses the impact a full-blown coronavirus epidemic could have on markets worldwide. Our guest, Bryan Beach of Stansberry’s Venture Value shares war stories of finding opportunities others didn’t see, and the “dark stocks” that can double or triple in days. Listen now!

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In this week’s podcast, Extreme Value Editor Dan Ferris shares where Apple could go from its $1.4 trillion market cap. Dan also reviews some of the best answers to his recent question of, “What is the most valuable asset in the world right now?” Our guest, and friend of the pod, Meb Faber stops by to share his insight on trend-following, and why investors focus almost exclusively on the U.S. at their own peril. Listen now!

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On this week’s podcast, Extreme Value Editor Dan Ferris dissects the headlines after Tesla’s monstrous run past $550 a share. Also, Dan explains how in this era of “unbridled optimism,” investors have to get other things right too. Our guest, Harris Kupperman, founder of Praetorian Capital outlines his criteria for finding stocks that can go up 3x-5x in the next few years.

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In this week’s podcast we talk about gold’s big boost following the U.S. airstrike that killed Iran’s top general, Qassem Soleimani… and what’s next. Extreme Value Editor Dan Ferris shares why he’ll be surprised by truly big moves in gold this year.

Our special guest, Austin Root, Portfolio Manager of Stansberry’s Portfolio Solutions stops by the podcast to share his experience about working for three hedge funds Porter Stansberry considers the best in history. Listen now!

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Instead of hearing everyone else’s “predictions,” Extreme Value Editor Dan Ferris goes deeper in our latest podcast. He breaks down where the markets stand now, what’s priced in, and the 10 biggest potential surprises for investors in 2020 and beyond. Listen now!

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In our last podcast of 2019, Dan Ferris quickly recaps what a year it’s been from a 27% gain for the stock market to $12 trillion negative interest-yielding bonds in the world, to the third-ever impeachment of a U.S. President. Listen now!

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In this week’s podcast, Extreme Value editor Dan Ferris responds to what he calls an extreme moment… after one analyst made news for proclaiming there’s “no risk in stocks right now.” Our guest Dan Rasmussen, founder of Verdad Capital, is a recent Forbes “30 Under 30,” and shares warnings on the market that go far deeper than this bull market’s age, and even the market’s growing valuations. Listen now!

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This week’s podcast is bananas... $120,000 bananas to be precise! Extreme Value Editor Dan Ferris discusses why $120,000 bananas are a top market indicator, and how they relate to an insane bond bubble. Also, why reality may not catch up to investors and markets for a long while. Dan also shares why the biggest beneficiaries of the Melt Up could also flatline even as the good times roll on. Listen now!

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This week, Extreme Value Editor Dan Ferris hosts a “trader’s roundtable” on the podcast to discuss what 2020 could bring for investors. Dan reflects on the state of the stock market at the end of 2019, and puts the market’s valuation in historical perspective. He shares what 2019 has in common with 1929. Our roundtable reveals specific opportunities they see in sectors from healthcare to homebuilders. Listen now!

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On this week’s podcast, Extreme Value Editor Dan Ferris unpacks share repurchases and investing legend and business genius Henry Singleton who put it on the map. Dan shares the two things Singleton did to secure his reputation as a bona fide business genius. Dan also chats about Uber losing its license to operate in London (again), the biggest luxury goods company acquisition of all time, and the shady side of discount brokerage giant Schwab’s acquisition of its rival, TD Ameritrade. Listen now!

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This week, Crypto Capital Editor Eric Wade stops by the podcast to chat about his recent seminar with former Congressman Ron Paul about the future of money. Extreme Value Editor Dan Ferris asks Wade about the future of cryptocurrencies, and what increased government scrutiny means for the sector. Listen now!

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On this week’s podcast, Extreme Value Editor Dan Ferris unpacks KKR’s bid to buy Walgreens in what would be the biggest leveraged buyout in history. He discusses how private equity deals caps a pattern investors haven’t really seen since 2008. He also shares a recent life event that had him thinking about how one should live, and shares wise words from tech entrepreneur Paul Graham. Listen now!

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This week, Extreme Value Editor Dan Ferris chats with author Michael Covel. He shares five questions investors should answer before acting on a possible trend. Covel also shares the story of one trader who averaged 66% returns for decades

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Extreme Value Editor Dan Ferris looks back on his predictions and observations since taking the reins of the Investor Hour podcast a year ago. From the continued Melt Up, to the rash of IPOs, and continuing dominance of FAANG stocks, there’s a lot to unpack. Dan discusses Alphabet’s eye-popping growth, and why investors took a bite out of Beyond Meat’s share price… despite the company’s first-ever reported profit

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WeWork drama is on full display. From ultimatums coming from SoftBank to founder Adam Neumann’s multi-billion golden parachutes, Extreme Value Editor Dan Ferris unpacks it all in this week’s podcast. Our guest, Jason Goepfert stops by the pod to share his unique analysis that puts other investors’ emotions to work for you.

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In this week’s episode, Extreme Value Editor Dan Ferris chats with Mark Dow, former economist at the Treasury Department and the IMF. Dow sheds light on what’s happening with the global economy, and what massive levels of debt really means moving forward. He also shares his forecast for gold and other precious metals over the next few months.

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We’re live from the bright lights of Las Vegas for this week’s Investor Hour podcast! Extreme Value Editor Dan Ferris discusses what he calls the biggest bubble in history… and why it’s bigger than the tech or housing bubble.

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An update this week to the Investor Hour podcast! Extreme Value Editor Dan Ferris jumps right into his interview with David Levine, Founder of Odin River about what Levine calls “the most important social media company in the world.” (Hint, it’s not Facebook.) Levine also shares his many chats with his former professor, now Democratic presidential candidate Elizabeth Warren about moral hazard and financial risk.

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In this week’s episode, Joel Litman, CEO of Valens Research stops by the podcast to share how his firm uniquely cuts through Wall Street’s spin to tell if companies are lying. This is the guy Wall Street doesn't want you to know about. Extreme Value Editor Dan Ferris reveals how listeners can get into next month’s sold-out Stansberry Investment Conference in Las Vegas at a massive discount! Then Dan answers your questions from the mail bag. 

For Joel's mind blowing work with Altimetry click here 

Don't miss a second of the sold out Stansberry Vegas Conference click here

For Dan's latest work in Extreme Value click here 

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In the latest Investor Hour Podcast, Extreme Value Editor Dan Ferris discusses what a golden age of investing will look like, and why bargains will become more common for people who know where to look. Our guest, Nitin Sacheti, Founder of Papyrus Capital goes in depth with his secret to profit from companies’ impeding collapses.

 

  • 2019 Stansberry Vegas Conference Streaming Discount, click here.
  • To follow Dan’s most recent work at Extreme Value, click here.
  • To check out Nitin’s work on downside protection, click here.

 

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WeWork is in the news with preparations for its IPO, and Dan targets his weekly rant on the company’s mission you’ll never be able to deduce from its IPO filings.

With its mission statements reading like mantras – “elevate the world’s consciousness, community company committed to maximum global impact,” Dan gets to the really damning statistic buried deep in the filing – “the bigger they get, the bigger their losses get. This thing ain’t working.”

Dan then gets to the bubble in late-stage private financing, vulture capitalist Martin Shkreli’s latest antics, AT&T’s huge move, and the similarities between stocks today and stocks in 2018 right before the 20% plunge.

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In this episode of the Investor Hour Podcast, Extreme Value Editor Dan Ferris rants about a company about to go public that calls itself “the Facebook of fitness,” but burns through cash like Amazon. Cullen Roche, Founder of Orcam Financial Group stops by to discuss what rising interest rates mean for bond portfolios, and why the stock market is so risky today.

           

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In this week’s Investor Hour Podcast, Extreme Value Editor Dan Ferris discusses three different land mines for investors… Elon Musk, Beyond Meat’s latest bounce, and a looming reckoning in the bond market.

Our special guest, Marty Fridson shares a dire warning about the next shoe to drop in the bond market.

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On the heels of a new report warning GE is a bigger fraud than Enron, to the latest unjustifiable IPO of a flashy tech star, to the testing of autonomous vehicles, there’s a lot to unpack this week.

Dan then gets to this week’s special guest, John Doody.

John Doody brings a unique perspective to gold stock analysis. With a BA in Economics from Columbia, an MBA in Finance from Boston University, where he also did his PhD-Economics course work, he became interested in gold due to an innate distrust of politicians and concern over their habit of debasing the currency via inflationary economic policies. 

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In this week’s podcast, Extreme Value Editor Dan Ferris discusses the schizophrenic market behavior… and how to invest for negative interest rates. Our guest, Tobias Carlisle of Acquirers Funds chats about his extremely lucrative value investing practices, and how it comes down to largely one metric.

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In this week’s podcast, Extreme Value Editor Dan Ferris discusses what’s next after the latest market crash, and why gold is so hot right now. Our special guest is vaunted short-seller Marc Cohodes, who made a career of never holding back in his blistering indictments of frauds.

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In this week’s podcast, Extreme Value Editor Dan Ferris digs deeper into the insider selling at Beyond Meat, and what investors should know. We also discuss Bernie Madoff’s plea for a presidential pardon from President Trump, the mysterious disappearance of India’s largest coffee chain owner, to Forever 21’s big fail. Our special guest, Matt McCall, President of Penn Financial Group shares a warning on the health care sector.

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In this week’s podcast, Extreme Value Editor Dan Ferris discusses Microsoft’s latest plunge into AI, and shares the best free resource to get the sharpest analysis on Tesla! Our guest, Michael Mauboussin, Director of Research at Blue Mountain Capital Management, shares why it’s better to be smart than lucky at investing.

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In a week where markets hit new all-time highs, Dan gets to the question everyone asks with each new record. “You all know where I’m gonna come down on this.”

With this high-water mark, it’s a good time to reflect on the principles of investing, from risk management, to value, to growth. Dan gets into the weeds on the literature of investor behavior – and the findings by DALBAR on individual investing performance, which while never changing year after year, are always shocking.

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This week, Extreme Value Editor Dan Ferris chats with guest Tim Price about secret warning signs lurking in the stock market. We also talk about how a controversial arrest at a Starbucks may impact the stock… and a new warning sign from Apple. Dan also shares details on what he calls “the best mining investing conference in the world,” and how you can go for a discount.

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This week, Extreme Value Editor Dan Ferris discusses unique thought patterns that can help you become an above-average investor. He also unpacks what’s next at Apple after a key departure and Tesla’s rush to a record quarter. Our guest, Chris Pavese of Broyhill Asset Management chats about a disruption in the car dealership industry he’s poised to pounce on.

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What if we were in the midst of a gold rally, and no one was talking about it? Now that gold is up 7-8% over the last few months, Dan sheds light on why the uptick is so unreported, going largely unmentioned by mainstream media like The Wall Street Journal and Financial Times.

Dan thinks the answer lies in the aftermath of the Federal Reserve’s latest meeting, and the dovish interpretation that prevailed.

Clearly, the Fed is now thinking about supporting asset prices, now that their stated objectives of reaching full employment have already been met. Of course, that has some inevitable consequences. “If you screw with the market this long, the market says, “Uncle, Uncle!” And you gotta have some gold.”

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This week, Extreme Value Editor Dan Ferris discusses Facebook’s new cryptocurrency, Libra, Elon Musk potentially leaving Twitter, and what the Federal Reserve’s decision to keep rates steady means going forward. Our guest Rod Collins discusses how to make sure a tech revolution doesn’t undo your own portfolio.

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In this week’s episode, Extreme Value Editor Dan Ferris shares the two key concepts investors need to master to value a business, and why the most famous metric is, to him, totally meaningless. We also chat about Beyond Meat’s spectacular rise, and possible fall… and discuss a fear-mongering article from Bloomberg about the “fear gauge.” Fielder Capital Group CEO Frank Byrd stops by to share his fascinating story of major investing success, inspired by Warren Buffett.

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In this week’s episode, Extreme Value Editor Dan Ferris shares a warning for short-term traders, and discusses the only time to think about bigger bets in the stock market. We also chat about a big drop by internet giants as the government prepares a possible antitrust probe of Google and Facebook. Our special guest, Ken Lewis discusses how investors can safely trade gold and silver on the internet.

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In this week’s podcast, Extreme Value Editor Dan Ferris discusses the recent and future volatility in the markets. Our guest, Mark Yusko is the CEO of Morgan Creek Capital and the managed investments for major schools like the University of North Carolina and Notre Dame. Yusko is very bullish on Bitcoin and suggests blockchain technology is the biggest wealth-creation opportunity he’s ever seen in his career.

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This week Extreme Value Editor Dan Ferris discusses a simple way to figure out where you’re most likely to succeed in the stock market and in life. Money manager Jesse Felder stops by to chat about how the Federal Reserve has distorted the financial markets, and why you shouldn’t wait until the recession to prepare your portfolio for the worst.

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It seems like an silly concept, but Extreme Value Editor describes how you can develop “Olympic athlete” level discipline by being lazy. Our special guest, behavioral finance expert Dr. Daniel Crosby, discusses the reasons why emotions can make investing difficult.

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Extreme Value Editor Dan Ferris talks about a kind of insurance available for investors against market volatility. He also chats about the only way Uber’s IPO is worth it. Our special guest, Eric Wade discusses the opportunities right now in cryptocurrencies.

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It’s our 100th episode! Extreme Value Editor Dan Ferris shares a warning to investors about two IPOs you should avoid. Our special guest, former Wall Street Journal columnist Morgan Housel discusses the Federal Reserve’s latest decision on interest rates, and the Fed’s relation to stock market disasters.

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On a week where the S&P 500 and Nasdaq closed at an all-time high, Extreme Value Editor Dan Ferris breaks down what it means for investors, and what’s next. Our special guest Ben Hunt offers all kinds of insights on a market that may be entering a new, treacherous stage.

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Extreme Value editor Dan Ferris chats about the “Amazon of Africa,” IPO, the death of retail, and Apple & Qualcomm’s fight. Former hedge fund manager and founder of Empire Financial Research, Whitney Tilson, stops by to explain why he thinks Tesla is the most dangerous stock in America.

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Extreme Value Editor Dan Ferris discusses which company’s IPO is gathering steam and Bank of America getting out in front of a minimum wage fight. Our special guest Brian Dalton stops by to talk about how to collect income from gold.

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Extreme Value Editor Dan Ferris discusses a gold-backed cryptocurrency, which could answer the biggest valid criticism of all previous cryptos. It also taps into a market already bigger than every single cryptocurrency combined.

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Extreme Value Editor Dan Ferris welcomes Stansberry Research’s newest analyst and Forbes’ top-ranked health care analyst in the U.S., Tom Carroll. Tom discusses three cannabis stocks set for a breakout, and what to expect from the “Medicare for All” debate in Washington.

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Extreme Value Editor Dan Ferris discusses the “very curious undertaking” of Tesla’s latest reveal. He’s joined by author Nomi Prins, who talks about her new book, “How Central Bankers Rigged the World.”

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Extreme Value Editor Dan Ferris discusses the stock market’s 10-year bull market run since the S&P 500’s low in March 2009. He’s joined by Dr. Jeffrey Ross, CEO of Vailshire Capital Management to talk about how investing legends like Warren Buffett and Bill Ackman have been lagging their usual returns for the last 10 years.

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Extreme Value Editor Dan Ferris recently talked about how to accumulate capital. This week he breaks down what to do with it once you have it. Dan’s joined by author and money manager Chris Mayer whose proprietary system outperformed not only the S&P 500, but also, legendary investors like Warren Buffett and Carl Icahn.

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Extreme Value Editor Dan Ferris shares the latest gems in famed investor Warren Buffett’s annual letter, including a prospect that’s making his heart beat faster. Dan’s joined by James Grant, editor and founder of Grant’s Interest Rate Observer who shares a warning about a day of reckoning for the Federal Reserve’s era of easy credit.

 

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Extreme Value Editor Dan Ferris discusses the tweet now “burned into his brain.” He’s joined by New York Times bestselling author Diane Henriques, whose book about Bernie Madoff “The Wizard of Lies” became a HBO movie starring Robert DeNiro. She explains why the next Bernie Madoff will be impossible to spot.

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Extreme Value Editor Dan Ferris reveals what it means to be bullish or bearish, and why most market predictions right now end so badly. He’s joined by Dr. Richard Smith, CEO and founder of TradeSmith to talk about the Bull vs Bear Summit, and how his unique approach can help investors… no matter what side they’re on.

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A handful of billionaires have renewed their warnings of a global recession – with one legendary commodities trader even predicting something worse than the Great Depression. In this week where 20 tons of gold have mysteriously disappeared from Venezuela’s vaults, Tesla has another $920 million in debt payments due, and a value investor just dived into an iconic fast food business, Dan Ferris makes sense of it all.

He’s joined in this week’s episode by Grant Williams. Grant is co-founder of Real Vision Group and has more than 30 years of experience in finance during which time he held senior positions at investment banks in London, Tokyo, New York, Sydney, and Singapore. Real Vision TV, the world's only video on-demand channel for finance, has been described by some as the "Netflix for Finance Geeks."

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With markets continuing to recover this week after an epic selloff that included the worst December since The Great Depression, Dan revisits his initial 2017 warning, when he first reported that a genuine stock market mania had arrived.  

Dan looks briefly at three blue chip stocks, then talks about the Extreme Value recommendation he made public on the podcast weeks ago… The company is performing well. With the business rapidly unfolding expansion plans in China, bouncing off a multi-year low valuation, Dan “thinks we’re golden with Starbucks.”

The talk turns to Facebook, and rumblings that up to half of the 2 billion accounts in existence could be fake. Dan admits it would still be a great business with one billion accounts, but that more bad news would likely push the stock down—especially if it comes out that CEO Mark Zuckerberg knew about the situation but didn’t act quickly enough.  

Dan then turns to this week’s podcast guest. Fraser Buchan is the co-founder of Tradewind Markets Digital Gold Company. 

Fraser has spent most of his career in the precious metals industry.  And now he’s founded a company that is revolutionizing the gold and silver market.  During the interview, you’ll learn how Fraser’s company – Tradewind Markets – has created a technology that’s behind the safest, most secure and lowest cost way we’ve ever found for individual investors to own physical gold.  

When he describes the advantages his technology has over gold ETFs – including no management, administrative, or storage fees – Dan marvels at how he’s disrupting an industry.

Dan concludes, “You’re just sucking out the cost and giving the end user a phenomenal deal… you’re like the Amazon.com of gold.” 

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Dan launches into this week’s episode dissecting the warning from billionaire investor Ray Dalio, who’s saying there’s significant risk of a recession in 2020 – not just in the U.S., but a global slowdown.

While no one can tell the future, there is one grim statistic on Dan’s mind that doesn’t dispute this claim. 

He then introduces this week’s podcast guest, Christopher Irons. 

Christopher started writing about finance and "pulling the curtain" back on the B.S. of the industry under his moniker Quoth the Raven in 2013. Since then, he has been quoted in the Wall Street Journal, Financial Times and Barron's, has made Seeking Alpha's list of Top Bloggers, Forbes' 100 Twitter Accounts in the Financial World to Follow, and has shared the stage as a speaker with acclaimed investors David Einhorn, Andrew Left, Ben Axler, Jon Najarian and many others.

He's got a firm opinion on Tesla – and a prediction on exactly how the stock’s downfall will come about. And he’s not shy about calling another household name “fraudulent.” 

In fact, Christopher is known for his blistering analysis behind shorting companies, starting with the first presentation Dan ever saw of his, titled “Short the Whole $%#@*&$ Thing.” 

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It’s been a huge week for the auto industry, with developments rippling beyond Volkswagen’s $50 billion push into Tesla’s territory of electronic vehicles. Dan unpacks the decision by Audi, BMW, Mercedes, Volvo, jaguar, Land Rover, and Mini to boycott the Detroit Auto Show, and concludes it marks a permanent shift in the industry. “The way we buy everything is changing.”

And on the heels of a podcast episode that examined why Tesla is truly vulnerable to competitors, Dan breaks down Volkswagen’s decision to build an $800 million electric vehicle factory in Tennessee, part of its plan to pour $50 billion into electric vehicle production by 2023. 

Then, with Eddie Lampert’s eleventh hour deal to save Sears finally on the books, Dan muses on the wave of creative destruction hitting retail right now – and the sector’s latest victim, poised to close 900 stores nationwide.

He then introduces this week’s podcast guest, Aaron Edelheit. Aaron is the CEO and Founder of Mindset Capital, a private investment firm. After being of their first investors, Aaron was also the Chief Strategy Officer of FLO Technologies and helped the company grow from a pre-revenue startup to raising $28 million and launching in over 500 Home Depot stores. 

Aaron also founded and ran a successful money management firm, Sabre Value Management from 1998 to 2011. Released last year, his first book, The Hard Break: The Case for a 24/6 Lifestyle makes the case for taking one day a week off from work, email and smartphones for a more productive, healthier and more creative life.

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On a week where markets roared back, the most expensive tuna ever was sold for $3.1 million, and the government shutdown officially became the third longest in history – and still with no end in sight – Dan Ferris number crunches some more historic milestones.

Because last week was Apple’s turn to suffer, Amazon is now the world’s largest company. Dan talks about how, once those companies both hit trillion-dollar valuations, something told him he was wrong. And while he got his readers out of Apple before the main meltdown, “I wish I had followed my gut.” 

Dan then introduces this week’s guest – Shane Parrish, the founder, curator and wisdom seeker behind Farnam Street. What started as a personal, anonymous blog where Shane could explore what others have discovered about decision making, purposeful living, and how the world works, quickly blossomed into one of the fastest growing websites in the world. 

With over a million page views, nearly 200,000 subscribers, consistently sold-out Re:Think workshops and over 3 million podcast downloads, Farnam Street has become the go-to resource that CEOs, athletes, professional coaches and entrepreneurs rely on to find signal in a world of noise. 

From his idea to take Warren Buffett’s style of investing and apply it on a macro-level – snapping up cash-gushing small businesses and capital efficient “Mom and Pop” stores – to his revolutionary thinking on “Mental Models,” Shane is full of insights on how to change your investing results through changing your thinking. 

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After a brutal December, Dan Ferris rings in the New Year and addresses the question every investor is wondering: Where will the stock market go in 2019?

The best way to predict the future, he says, is to understand the present – and that starts with what he calls “the most expensive moment in the history of the stock market” which we saw just last fall. 

It’s been costlier for investors than any equivalent moment in the Dot.com collapse or the 2008 crisis – and it’s the best indicator Dan’s seen of where stocks are right now. “If history rhymes… within two years, you see a big fat hairy bottom. Normal levels would be 60%.”

“There’s a lot of downside left if history rhymes.”  

Later on, they’re joined by Mark B. Spiegel. Mark is the Managing Member & Portfolio Manager of Stanphyl Capital Partners and is a New York-based equity investor. 

Prior to founding Stanphyl in 2011, he spent six years as an investment banker financing public companies. Prior to becoming an investment banker Mark spent a year working for a microcap Nasdaq tech company, and he began his career with 17 years in the commercial real estate industry where he experienced firsthand the opportunities and challenges faced by a wide array of client companies. 

Mark believes that all these experiences– banking public companies, working for a public company and securing real estate for a wide variety of companies– combine to provide the kind of “real world” experience that’s extremely useful for an investor.  

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On the one-year anniversary of the peak value in Bitcoin, Buck, Dan Ferris, and Stansberry’s top retirement expert Dr. David Eifrig break down the grim-seeming news facing investors this month, from the “worst December for markets since the Great Depression” all the way to oil’s slide and the sentencing of President Trump’s former top lawyer Michael Cohen. 

Having worked at Goldman Sachs for almost a decade, Doc gives his take on the bank’s 1MDB scandal, and why he has no doubt the bank knew what was going on in real time. Dan and Buck discuss Trump’s pressure on the Fed to table its rate hikes, and Doc explains why he doesn’t pay much attention to the Fed these days. 

They’re then joined by this week’s podcast guest: Steve Koomar, the publisher and editor of Vigilante Investor. Steve is a career investment professional with 25 years of experience, working for Goldman Sachs before becoming International Fixed Income portfolio manager for Prudential Investment Management. There, he managed fixed income investments and foreign exchange risk in every major global market.  

In a week where Stanley Druckenmiller is calling this hemorrhaging market “the best economist I know” the gang gets Steve’s take on whether a tumbling stock market really does signal a recession is imminent – or if any particular sector is the canary in the coal mine. 

Steve explains why a recession is probably coming in 2019, and how investors can prepare – starting with an asset he’s invested in since 1988 that he calls “great for wealth-building, but also great for wealth management.”  

Nevertheless, there’s something much more urgent on his radar – an epic amount of wealth creation from a tech boom that no recession can seriously derail. “I think that the investments will do very well because the growth is so phenomenal… there’s so much value being created there.” 

 

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In a week of the debut of Elon Musk’s underground tunnel, a #MeToo outcry against “Baby, It’s Cold Outside,” and a British currency crash in the wake of a delayed Brexit vote in Parliament, there’s a lot for Dan Ferris and Buck to unpack this week.

Most significant for investors – and surely on a lot of minds – is JPMorgan’s warning that a 70% likelihood of a recession is looming. Dan explains why the projection is utterly irresponsible – and why, instead of predicting recession, value investors can prepare for one regardless. 

Of course, even if a recession isn’t imminent, it always makes sense to hold onto a bit of cash – the question is how much.

That’s where Adam Schwartz, this week’s podcast guest, comes in.

Adam is the Chief Investment Officer at Black Bear Value Partners who has 16 years of buy-side investment experience in a variety of themes including equities, structured products, corporate credit and capital structure arbitrage. Prior to founding the Investment Manager, Adam served as a Director and senior member of the investment team at Fir Tree Partners, a $13BB peak-AUM multi-strategy investment manager.

His ”concentrated portfolio” strategy allows investors to focus only on their best ideas – and like Dan, he’s got his own portfolio composed to a surprising degree of cash. 

And just like Porter, he’s been closely watching the corporate bond crisis that could be on the horizon. Whether it comes in JPMorgan’s predicted time frame or not, you’ll want to prepare. 

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In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal – but a few diamonds exist in the rough.

Of course, there are not just bad deals to be found, but also outright land mines for investors, as is the case with GE, whose rotten pension dilemma Dan breaks down this week for listeners.

Later on, Dan and Buck are joined by Dr. David (Doc) Eifrig and Stansberry Senior Analyst Matt Weinschenk. Doc has a storied past working for years trading derivatives at Goldman Sachs before leaving Wall Street to become an eye doctor before finally joining Stansberry in 2008. Matt has spent over a decade as an investment analyst and six of those have been here with Doc.

Doc’s Retirement Trader options trading service has achieved a 95% success rate since its debut in 2010, a time spanning hundreds of investment recommendations made in all sorts of market conditions.

But now, he says it’s time to think even bigger.

In unleashing his newest, upgraded options trading service, Advanced Options, Doc, Matt, and the rest of their team are unveiling a service that’s designed to magnify the upside of some of Stansberry Research’s biggest wins, while helping to cut risk to the bone.

We think you’ll want to keep an eye out for Doc’s special offer made at the end – which includes two years of Advanced Options, one year of Retirement Millionaire, and one full year of True Wealth and Stansberry’s Investment Advisory

For more on Dr Eifrigs options course go to:  www.investorhouroptions.com

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In a week that included a one-day 257-point surge for the Dow, record Black Friday spending, and a legal challenge to Apple’s “monopoly” continuing its march to the Supreme Court, Buck once again brings on Extreme Value editor Dan Ferris to make sense of things.

In the wake of Elon Musk’s own admission that Tesla “almost died this year,” Dan breaks down the latest numbers: as it produces 1,000 Model 3 sedans a week in Q3 and keeps bleeding cash, his position on Tesla “has never changed.” 

Later on, they’re joined by this week’s guest. Mattie Duppler is the Founder and President of Forward Strategies, a strategic consulting firm. She also serves as the Senior Fellow for Fiscal Policy at the National Taxpayers Union, a nonpartisan advocacy group focused on budget and tax issues and sits on the board of the Center for a Free Economy.

In layman’s terms, she breaks down what it really means for businesses not to have to shoulder immense paperwork for their deductions, and how the resulting savings – and flurry of capital investment – circle back to the American worker. 

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As the selloff continues, a lot of familiar names are making history in the worst kind of way.

Facebook is on track to post its longest losing streak ever, with its third straight month in the red. And while a recent New York Times report savaging its top management won’t help any, Dan Ferris notes that value investors still like the company – if they’re willing to wait 2-5 years. 

But Facebook is far from the only big name on the run.

Bitcoin’s latest crash has brought it 9% below the $5,000 mark, and Nvidia suffered a $25 billion valuation wipeout after its earnings debacle. 

Even nimble options plays are having a hard time navigating the choppy markets, as optionselers.com went dark after its catastrophic loss in NatGas. 

So, which selloffs are opportunities – and which are just the beginning of something far worse to come?

Dan Ferris has the same warning:

“These “best businesses” – they will not save you.”

Later on, he and Buck are joined by this week’s special guest. Whitney Tilson was the founder and Managing Partner of Kase Capital Management, which manages three value-oriented hedge funds. Whitney is also the co-founder of Value Investor Insight, an investment newsletter. He has co-authored two books, The Art of Value Investing: How the World’s Best Investors Beat the Market and More Mortgage Meltdown: 6 Ways to Profit in These Bad Times.

In weeks like this one, his advice is especially pertinent – most of all when some historical perspective is called for. 

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This week’s continued market selloff had some high-profile casualties – and brings to mind a great Warren Buffett quote that, “Only when the tide goes out do you discover who was swimming naked.”

One of the biggest casualties was beleaguered GE stock, down another 15% from just last week. Buck shares an amazing finding with Extreme Value editor Dan Ferris – turns out, if you’d bought GE in 1994 and held on, your shares would be worth the same amount of money today.

Dan thinks the worst may be yet to come. In fact, he says the stock has a chance of going to zero. “I’ve never said that before.”

Meanwhile, Amazon’s just decided which two locations in the country it will drop prosperity bombs onto by setting up its headquarters there, and Dan explains why its decisions make all the sense in the world for the company, and why the favors rained down on Amazon by state and local governments are nothing more than China-style crony capitalism.

The two are joined by this week’s podcast guest, Rahul Saragi, the founder and managing director of Atyant Capital Advisors. Over the last 14 years he’s focused exclusively on Indian markets and made it his mission to pinpoint the best 10-15 opportunities out of thousands of publicly traded Indian companies.

He’s calling India both “an unpleasant place to live,” and “a paradise for value investors” and is ready to explain why.

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As the dust from one of America’s uglier midterm battles settles, Buck makes sense of the new political order.

On the one hand – Democrats won the House, and with it the ability to kill all legislation, investigate the President and subpoena his aides and – most explosively – demand his tax returns.

On the other side, Republicans expanded their majority in the U.S. Senate, giving President Trump the ability to nominate scores of lifetime conservative judges – meaning his vision for America could prevail for decades after he leaves office.

Who got the better end of the deal? After speaking with campaign strategists, politicos and journalists, Buck has a verdict. 

“We are in for a two-year battle royale.”

Meanwhile, with markets reacting to a split decision that invites a new era of gridlock, Dan Ferris gives the lay of the value investing land, starting with the moves of the greatest value investor of all time. “You can’t be a value investor and not talk about what Warren Buffett is doing.”

Dan’s got a theory of why Warren Buffett has held on to a cash hoard of over $100 billion for five quarters now, and what his relatively meager $1 billion buyback of Berkshire stock really signals.

They’re joined by this week’s special guest, Chris Cole. The founder and portfolio manager of the Artemis Vega Fund, Chris built a track record of profiting from volatility that drew the attention of publications like The Financial Times, International Financing Review, CFA Magazine, and Forbes.

With markets continuing their whipsaw activity this week, we think you’ll find his insights particularly relevant – especially as he outlines what history spells for an emerging age of value investing.

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With markets continuing their whipsaw movements, it’s hard to know where the dice will fall.

But with the major indices up almost 2% yesterday, there are a lot of tea leaves to go over – and a lot of bargains still to be had. 

In a choppy week for markets, Extreme Value editor Dan Ferris joins us again to give his take on what this signals for stocks – and in a week where all sorts of quality companies are trading at discounts, where the biggest opportunities can be found.

He’s joined later by Vitaliy Katsenelson, the CEO and Chief Investment Officer of IMA Individual Portfolio Management. Like Dan, Vitaliy is a seasoned value investor – he’s been doing this for 20 years – and he expands on Dan’s No. 1 stated concern for the today’s markets: liquidity. 

A very few companies are well-positioned to ride the liquidity crunch that’s coming – and far more are in for a reckoning. 

That’s why Dan urges readers to be cautious on even the company he calls “the greatest business in the world” while Vitaliy points to the one company in the drug distribution center that’s “Amazon-proof.” 

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Everyone’s rattled.

It’s one thing to understand the logical argument for Dr. Steve Sjuggerud’s “Melt Up” thesis – but that doesn’t mean weeks like this, while historically normal, are fun to watch.

With Friday morning bringing on another down day as tech reported weak earnings, plenty of brand names are trading significantly lower than they were Monday morning.

The way our analysts see it, that means a lot of bargains are out there for investors who see them for what they are.

In a choppy week for markets, Buck calls in Extreme Value editor Dan Ferris to give his take on what this signals for stocks – and in a week where all sorts of quality companies are trading at discounts, where the biggest opportunities can be found.

He’s also joined by his chief research officer Mike Barrett, who specializes in finding potential – and hidden land mines – that others don’t see in companies, thanks to his ability to get “up to his eyeballs” in SEC filings and obscure documents.

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Buck Sexton is riding solo in this 73rd episode of Stansberry Investor Hour, where he dives right into the latest political controversy – Elizabeth Warren’s DNA test revealing herself to be anywhere from 1/64th to 1/1,024 Native American.

Besides the silliness of the “Fauxcohontas” story, it’s one of the most remarkable acts of political selfishness of our times, coming as it does 21 days before the midterm elections and starting a conversation Democrats don’t want to be having.

On the other side of the spectrum, there’s the Khashoggi debacle. Buck describes some tendencies the murdered journalist had you probably won’t hear described in the mainstream media, from the Muslim Brotherhood to interactions with bin Laden.

Later on, buck welcomes this week’s guest: Dr. Sebastian Gorka, the deputy assistant and strategist to President Trump, and author of the new book Why We Fight.

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We’re joined for this 72nd episode of Stansberry Investor Hour by Dr. Steve Sjuggerud and his lead analyst, Brett Eversole.

Fresh from the Stansberry investor summit in Las Vegas last week, they’re here to give us their take on the stock market’s crazy ride this week – as well as some details on Stansberry’s big “Meltinar” Event coming October 24. 

In Porter’s own words, “I’ve never seen Steve blow a major market call – wish I could say the same of me!” 

So, we think you’ll want to hear Steve’s take on the wild ride in this week’s markets, and what it means for the last stage of the “Melt Up.”

As Steve tells investors this week: “Strap in for the ride. It is a rocky ride higher.” 

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We’re here in Las Vegas for this 71st episode of Stansberry Investor Hour, and in a week where Porter and a handful of other Stansberry gurus are meeting with subscribers head-on, Porter teases the Stansberry Research Report Card, where we cut to the chase on how helpful our advice and recommendations actually were for making our readers some money.
As Porter tells it, “Even if you have an average return of 25%, but 605 of your recs lost money – I don’t think that’s a great performance. And so – I give a grade that goes beyond the numbers, and looks at the quality of the advice given.”
“I don’t have to tell someone that their job is at risk. They know it.”
Then – minutes before Senator Susan Collins casts her decisive vote either for or against Justice Kavanaugh – and for or against a conservative majority on the Court for at least the next generation – Buck explains the stakes of this vote, and why this is, truly, the ugliest political fight we’ve seen in our lifetimes – including presidential elections.

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Our co-host Buck Sexton is back from his 45-minute interview in the Oval Office with President Trump – and as could be expected, it came with a bombshell throwaway comment.

It’s not President Trump’s opinion of “the single greatest mistake in America’s history” or even his response to Porter’s question over whether or not some Cabinet members are really conspiring to use the 25th Amendment to overthrow him.

Instead, it has to do with his own Attorney General – who if anything has been eclipsed of late by his Deputy Attorney General, Rod Rosenstein, whose fate is hanging in the air after The New York Times reported he suggested secretly recording the President. 

Between that and the latest Kavanaugh allegations – not to mention Porter’s deepening respect for Stormy Daniels – there’s a lot to unpack in this week’s Stansberry Investor Hour episode – and that’s before Buck sets off to interview with Trump’s newest antagonist and obvious 2020 presidential hopeful, porn star lawyer Michael Avenatti. 

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We’ve had a lot of exciting guests on the Stansberry Investor Hour show – but for the first time, the moment to watch might be one after we finished recording.

That’s because, immediately after recording this episode, Buck made right for D.C. for an interview with none other than President Trump himself – and gave Porter the opportunity to pass along one question he’d like for POTUS to answer.

Wait until you hear what Porter eventually decided to ask. There’s certainly a lot of material to go on…

Amid headlines dominated by the eleventh-hour accusation threatening Brett Kavanaugh’s confirmation to the highest Court in America – check out Porter’s take on the real crime being committed – the Stansberry Investor Hour crew also has its eye on three of the most white-hot profit frontiers of this decade, brought to their attentions courtesy of this week’s guest Matt McCall, editor of Early Stage Investor.

It feels like a week where all of the usual suspects are in the news for dicey reasons. From Elon Musk’s chances of being arrested within the next year as the investigation over his claims to have secured funding for taking Tesla private heats up, to Amazon’s fate at the hands of the BEZOS Act, Porter identifies the real winners – and victims – you’re not seeing in the headlines.

Buck breaks down the political implications of the $200 billion tariff broadside directed at China, and why President Trump is playing a game that gets more dangerous with every round that neither player refuses to blink.

Porter agrees – and mentions how trade war vulnerabilities, combined with storm clouds looming in the corporate bond market, are a great recipe for “true catastrophe.”

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We have two guests with a track record that’s, in Porter’s words, “ridiculous” this week – Venture Technology’s Dave Lashmet and Christian Olsen, whose research service has uncovered 14 doubles since its launch. 

Dave and Christian both have deep backgrounds in biology and biotech – and they’re not just focused on promising small-caps with pipelines that position them for rocket returns. In fact, in this episode they crown some winners among the big pharma giants in immune oncology, cardiac disease, and neuro diseases. 

In this recording taking place on the 17th anniversary of 9/11, Porter, Buck, and “Country Club Guy” Jamison Miller all reflect on where they were that morning, and how it’s affected where they are today. From Porter’s decision to get married on September 11, to Buck’s decision to join the intelligence agency, the quirks of fate are interesting to pick apart. 

After interviewing Dave and Christian on the most exciting opportunities in tech today – including the field that they both say is about to be as transformative as the Internet, but still in its infancy – it’s mail bag time.

Dan W. writes about his home state of Texas “protecting him from himself” by barring him from investing in assets considered too risky – high yield bonds in this case. Porter explains a possible workaround, and then takes a question from an anonymous reader who says Porter’s done everything he said he would, but is still unhappy, calling Porter “like a senior in a fraternity” vs. him being “a pledge.” Porter explains why he can’t apologize for what he’s done. 

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Writer and magician Penn Jillette joins Stansberry Investor Hour today. Someone Porter’s always been dying to talk to, he’s also worked with Buck’s former boss Glenn Beck – and become a libertarian thinker whose brain Porter wants to pick along the way. 

There’s also news concerning another one-time Stansberry Investor Hour guest – Julian Assange, who is facing his last days of freedom in Ecuador’s London Embassy before falling into the waiting hands of British authorities. 

Porter and Buck also get into the controversy around Nike, which has drawn Presidential-level wrath with its decision to make Colin Kaepernick the face of its brand. Porter’s take: Nike’s marketing decision is “interesting” at best – and Kaepernick’s protest was idiotic. 

Speaking of protests – Buck brings up some of the most creative protest costumes he’s seen, directed at Supreme Court nominee Brett Kavanaugh. From women in handmaiden tale outfits, to a guy dressed as a condom, there’s something in the culture war for everyone. 

Later on, Porter reveals a big new project – a newsletter dedicated to laying out his personal investments, when and what he’s buying, and most importantly, why. 

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We have a bona fide Wall Street legend on the podcast today – Marty Fridson, referred to as the “Dean of High Yield” because of his unique knowledge of toxic loans to unworthy companies and their inevitable consequences as a Sword of Damocles on the broader markets.

Marty knows where the bodies are buried – and when the day of reckoning arrives, Porter trusts him to know which bonds will blow up and which ones will survive. That’s vital for anyone looking to prepare for the credit correction Porter’s forecasting will begin later this year, accelerate in 2019, and peak in late 2019 or early 2020. 

But first – Porter, without the benefit of co-host Buck Sexton’s presence, dives into the latest controversies of the day, from reverse racism to #MeToo champion Asia Argento’s own sexual predatory sins. 

Later the talk turns to Tesla – and why Porter, despite his total lack of faith in Tesla stock, admires Elon Musk as an entrepreneur even while shorting Tesla three times. 

Just before welcoming Marty, Porter reveals one statistic in the market that’s warning that stocks are getting more expensive – just as defaults are creeping up outside America’s top 100 banks. 

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It’s the 10-year anniversary of this extraordinary bull market, officially – except not really, as Porter explains to Buck in this week’s podcast episode.

Even so – there’s no question a lot of people are making money. But with the S&P 500 having more than tripled since March 2009 lows… who’s been smartest (not LUCKIEST as would be the case with cryptos)? Porter points to believers of the FAANG stocks – and one of them in particular.

Later on, they’re joined by Wesley Gray, a former Marine and professor of finance at Drexel who now runs a fund with $1 billion under management. He has a strategy of buying ultra-hated investments that would make even the most steeled valued investors uneasy. So how do you tell the difference between a stock that’s simply nearing a low… and one that’s doomed?

Wesley will be joining the Stansberry team at our Vegas Conference October 1-2, along with Stansberry editors and hear guest speakers like Dr. Lacy Hunt, Steve Forbes, Robert Kiyosaki, Penn Jillette, Dennis Gartman, Jim Grant, and many others.

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In just a few days’ time, we will officially reach the 10-year anniversary of the bull market. With the S&P 500 up 340%, you’re probably not alone in wondering how close the party is to being over.

That’s why, for this week’s episode of Stansberry Investor Hour, we bring in John Gillin, who left Wall Street after seven years to start his own hedge fund that beat the S&P 500 for every year it was operational.

This year, John joined Stansberry Newswire, where he uses his expertise to make individual stock recommendations and provide analysis on what’s moving markets.

While almost every pundit on TV says “stay long and strong!” we don’t think you’ll want to miss John’s insights on the latest tea leaves of economic growth.

He’s joined by Extreme Value editor Dan Ferris, who points out we hit rarefied territory of all-time highs in late January. Luckily, there’s a much more important indicator than P/E ratio in the stock market – and it’s much more encouraging.

To find out more about Dan's latest research, simply visit www.investorhourvalue.com. But first, a warning -- if you want to move on the special offer he's making for Extreme Value, you'll need to move before next week to potentially lock down Lifetime membership to his research.

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In a week where Alex Jones of Infowars gets banished from Facebook and YouTube, while a strongman survives an assassination attempt under suspiciously lucky circumstances, nationally syndicated radio host and former CIA officer Buck Sexton has plenty to unpack for listeners.

Joining him is American Consequences editor and best-selling author P.J. O’Rourke. Together they make sense of the latest shot in the PC wars, from the debate over male cheerleaders to the T-shirt that got banned at Washington’s “Newseum.”

Later they’re joined by Andy Ferguson, national correspondent of the Weekly Standard and author of books such as Fool’s Names, Fool’s Faces. Andy gets right to the politician of “Oops!” fame who’s now heading the Department he vowed to eliminate, probably as a sly, sick joke on President Trump’s part. 

After you hear the inside story of how Governor Rick Perry – once the Republican Party’s great white hope in 2012 – became seduced by the very office he promised to destroy, you’ll have new insight into how bureaucracies take root. 

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We have a special guest for this week’s podcast – Dr. Richard Smith, whose portfolio software TradeStops has helped thousands of investors to maximize their potential upside while slashing risk aggressively, down to the bone.

Yesterday, 14,000 people signed up for his free online presentation where he revealed his latest breakthrough. 

It’s called ‘Ideas’. Learn more at www.investorhourideas.com

Porter makes sense of Facebook’s dramatic selloff last week, and why he’s advising his readers to continue holding the stock for now – even though he’s telling fence-sitters not to enter new positions of Facebook just yet.

Buck brings up the latest in the PC culture war – a bid to rename what may be the most liberal city in Dixie. He also explains why they’ll likely succeed, even though the name Yale, named after a slave trader, is still untouchable. 

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Walmart’s woes are becoming such common knowledge that even journalist politicos are now asking Buck how the once-great retailer can turn things around. Porter reveals two reasons Amazon’s in more trouble than anyone realizes – and the only rational thing he thinks anyone CEO of Walmart can do now.

Porter elaborates on the storm clouds he sees ahead for Netflix and Tesla, and entertains an argument from one listener that he’s got it wrong about Tesla.

The team also wades into current events controversy – including the shooting of a man after a tussle involving a stolen handicapped parking spot and a sucker punch. Then the talk turns to international saber-rattling, with Porter reading aloud one of Trump’s greatest Twitter taunts of a foreign leader before Buck shares the surprisingly positive consequences of America being the actor with a reckless (crazy?) President for a change.

Porter reveals the big cryptocurrency news at Stansberry Research, and why one guru is coming around to Bitcoin at long last.  

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Porter gets immediately to the heart of Netflix’s recent woes in this 60th episode of Stansberry Investor Hour. It may have 100 million subscribers (including Porter) but the $163 billion company could be doomed thanks to one simple corporate calculation. “I have yet to call for the end of Netflix… but I can see the ending on the horizon.”

Buck asks about Elon Musk’s head-scratching decision to call a British rescue diver he didn’t know a “pedo” and Porter explains the method to his madness. When your whole career is a “Wizard of Oz” style act, you want people talking about anything, even outrageous behavior, before they look at your balance sheets.

Buck introduces Roddy Boyd, an independent journalist who not only eschews advertisers but also paid subscribers, choosing to distribute his findings for free. His Southern Investigative Reporting Foundation has exposed some of the biggest abuses on Wall Street since 2012, and head’s been credited by New York Magazine for exposing “perhaps the worst Ponzi scheme ever.”

Now he has a new warning about a company masquerading as a promising pharmaceutical company and head’s ready to explain how he knows it could be the next Valeant Pharmaceuticals, which he was working to expose in 2014, when the high-flying stock was still fooling thousands of investors. 

What’s truly amazing - and what makes Porter “slightly suspicious“ - is that this incredible research, which could have made hedge funds fortunes from shorting the paper tigers Boyd uncovers, is being offered to readers for free.

We think, after the epic fraud Boyd has uncovered that was often hiding in plain sight, you won’t want to miss his latest warning.

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As the Russia investigation continues to rage in newspapers, classified meetings, and Twitter handles, we have a special guest for this week’s episode: former Trump campaign advisor Carter Page, who is at the center of it all. If you’ve been following the Russian collusion investigation closely, Page’s name probably sounds familiar. He’s been subpoenaed by the U.S. Senate, been targeted by government surveillance that’s hard for the average citizen to comprehend, and even been on the receiving end of a Presidential tweet of support. In this 59th episode of Stansberry Investor Hour, Porter asks Carter what’s really going on with the Russia investigation… what the special prosecutor’s case is really based on… and Carter’s incredible decision to face the U.S. government, with its limitless resources and vast prosecutorial powers, while acting as his own lawyer. Meanwhile, amid the political drama swirling, the investing world keeps turning. Porter shares his reaction to Tesla’s milestone of 5,000 cars a week being produced, and why every American car manufacturer – not just Tesla – is in deep trouble.

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There's little doubt that one topic dominated financial headlines in the first half of 2018…and it took most investors by complete surprise. Trump’s trade wars are only being eclipsed (temporarily) by the drama swirling around the soon-to-be vacant Supreme Court seat, and what a solidified conservative majority on the highest Court will mean for America.


In fact, our friends hosting Stansberry’s sister podcast, MarketCast, Scott Garliss, Greg Diamond, and John Gillin are even going so far as to say that they “can’t recall a time when politics has been more important for markets.”


This week, our very own co-host Buck Sexton joined the team at MarketCast to share his insights on how, exactly, America’s political equilibrium is shaping markets.


Listen here to hear Buck make sense of China's game plan for a trade war. As a former intelligence officer at the CIA, he has some insights as to just how much punishment Beijing is willing to take.
Also – you won’t want to miss the proof he’s uncovered in equity markets’ behavior that reflects the surprisingly strong hand Trump is holding in his just-launched trade war.


And with politics ruling the day for now, we’ve pulled together a “Stansberry July Fourth Special” for listeners to check in on a political exile we haven’t heard from in a while – none other than the second person the Stansberry Investor Hour team interviewed, Wikileaks’ besieged founder Julian Assange.


His once-prolific Twitter handle has been silenced since Ecuador cut off his Internet access in the embassy he’s been holed up in since 2010. For obvious reasons, he can’t make public statements.
But anyone who followed our interview with Assange last summer could have seen this coming. You’ll recall, he was never even charged with a crime before having to flee.


And with “Russia-gate” still raging, you’ll want a refresher on why Democrats seem so determined to link him with Vladimir Putin, and why Putin himself isn’t doing much to dispel the notion of their supposed partnership. Hint: It has to do with Putin’s very real weakness on the world stage, as he leads an economy the size of South Korea’s.

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Kim Iskyan and Brian Tycangco from Stansberry Churchouse Research call in from Singapore and Manila to tell you about opportunities in industrial robotics, the “great infrastructure catchup” taking place all over Asia, and where to find the possibility of 10x investment returns in some of the most unlikely places on earth.

 

Brian and Kim also explain how they’ve built an entire business on the “bad to less bad” investment theme and recount the best ideas from the recent Asia Investment Opportunities Conference hosted by Steve Sjuggerud in Hong Kong. Watch all eleven presentations for only $49 and get a free year of The Churchouse Letter.

 

John Gillin, Scott Garliss, and Greg Diamond from The Investors Marketcast podcast join the discussion with their latest analysis on bitcoin and how the world’s top cryptocurrency could easily fall below $1000 before any price recovery.

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Chris Mayer, editor of Chris Mayer’s Focus at Bonner & Partners, joins Buck to discuss the four simple things anyone can do to succeed in the stock market, how he builds a portfolio for the stock-averse founder of Agora Publishing, Bill Bonner, and what he looks for in companies that could be potential “100 bagger” investments.

 

John Gillin and Scott Garliss stop by to give you a preview of the new Investors Marketcast podcast from Stansberry Research. You’ll hear about the classic signs of a recession that are starting to be more obvious in economies around the globe, why a projected 2.25% Fed rate hike could be deadly for bond markets by 2020, and what it means for the markets right now when fund managers are still holding record amounts of cash.

 

Try Chris Mayer’s Focus risk free when you go to www.FocusOffer.com

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The next trillion-dollar trade in Asia is about to unfold. Will you be there first? Forty percent of China’s pension investments are about to make their way into the stock markets. Guest Steve Sjuggerud, editor of True Wealth China Opportunities, recounts his recent observations and ideas from a whirlwind trip he just completed with a few dozen lucky Stansberry subscribers exploring Beijing, Shanghai, and Hong Kong. 

 

Steve and his group of travelers found a massive gap between most outside perceptions of China and the reality on the ground. Steve shares shocking statistics and local details that will help you see exactly where the big investment opportunities should be considered in China today. There are two themes that are seemingly ignored by most investors that can easily produce triple digit gains. “It’s actually happened three times in the last dozen years.”

 

Two-time US and World Surfing Champion Sean Poynter joins Steve from the road to talk about his near-death experience surfing in Mexico, how Steve influenced him to find success with Stand Up Paddleboarding (SUP), and why finding opportunity in the face of great adversity and fear is essential to survival in business, life, and on the water.

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Stephen Yates, former deputy security advisor to Vice President Cheney, joins the podcast this episode to weigh in on the North Korean negotiations slated for next week. Stephen is already an expert on East Asian security issues – he learned Mandarin from his time as a missionary in Taiwan – and after 13 years removed from public service, he can offer a candid assessment on the risks – and promise – that these talks pose.

Buck and Porter talk about what Porter’s calling one of the most reprehensible government decisions he’s seen in his life, and Miss America’s tragicomic efforts to decree – or pretend – that looks don’t matter.

Buck asks Steven for his take on Kim Jong Un’s move a few days back to replace three of his top generals. It’s highly unusual for there to be a changing of the guard in the days leading up to a historic summit. “Any kind of change comes as a shock to most analysts.”

Derek N. from the mailbag asks how the Iranian sanctions taking effect in November against US companies still doing business with Iran will affect oil companies. Porter explains why it won’t make much difference thanks to the ongoing shale boom – which, despite epic production, won’t stop oil prices from booming.

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Michael Covel, author of Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets, joins Porter and Buck to demystify trend investing and reveals why mastering this will change your entire concept of what bull and bear markets mean for you.

Buck and Porter talk risk management, the latest false starts with North Korea, and Porter reveals three “battleship businesses” that in his mind are so reliable, entrenched, and permanent, the typical rules of risk management just don’t apply.

Brandon from Dallas asks Porter how to distinguish from “good debt” and “bad debt” when it comes to determining which companies will go under in the coming corporate debt meltdown. 

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Robert Kiyosaki, author of the #1 personal finance book Rich Dad Poor Dad, joins Porter and Buck to tell you what shaped his life and what gave him the drive to become a world-wide entrepreneurial success. Robert talks about failing fast to meet your goals, why he volunteered to fight in Vietnam, and the one Rich Dad edge he uses for investing in real estate that can produce “infinite returns.”

Buck and Porter discuss why oil is getting more expensive, the insane saga of the FBI possibly spying on Donald Trump, and why Starbucks could be in for a rude awakening with their new business policy.

Anthony S. writes in with a useful tip on tracking bond prices, and Steve H. asks Porter to speculate on the next major bankruptcy in America following the fall of Toys R Us.  

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Porter and Buck welcome two of the smartest traders on the planet, True Wealth editor Dr. Steve Sjuggerud, and Jason Goepfert of SentimenTrader.com. Porter’s the Bear and Steve's the Bull when it comes to the direction of stocks, but what’s the market really trying to tell us? Jason shows you how sentiment can be massively valuable for contrarians who buy hated investments, and Porter asks what kind of ignored opportunities he sees today.

Steve asks Jason for his take on the bond markets, oil, interest rates, and how volatility and sentiment impact trading decisions. Porter shares his biggest saving grace as an investor, and asks Jason how quickly a market indicator can get him to change his mind.

Porter answers a listener’s question about how bond recovery works when a company goes bankrupt, and Steve tells you why many Chinese stocks are set to explode, how you can get in on the trade, and why China is his absolute favorite investment theme for the next 2 to 5 years.

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Buck and Porter discuss the overreaching power of the Department of Justice in the current Paul Manafort investigation, how the State of California is making another epic economic blunder mandating solar energy for new homes, and why the recent move in oil over $70 has nothing at all to do with Iran.

Dennis Gartman of the Gartman Letter joins Porter and Buck to talk about the most important chart in the markets, an economic signal from the St. Louis Fed you should be watching every Thursday, and where you should be on US equities. Porter asks Dennis about his thoughts on blockchain, oil, the credit cycle, and the manipulation of interest rates. Are bonds already in a bear market? Dennis reveals his favorite stocks in the oil sector.

Listeners have questions, and Porter has answers. He tells you the easiest way to invest in safe government bonds, the locations of his favorite deep-sea fishing spots, and the role precious metals like gold play in the inflation vs. deflation debate.

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What happens when 15% of the largest companies in America can no longer afford the interest on their debts? As the Federal Reserve pushes interest rates past 3%, Porter makes the case that we could see investors pulling out of stocks to put money back into the safety of government bonds. Is this how the air comes out of the current bull market in equities?

 

Extreme Value analyst and editor Dan Ferris joins the show to talk about how to spot the next “$6 Amazon Moment”, how his value investing style has changed in an overheated market, and what could usher in the next “Golden Age of Value Investing.” Porter asks Dan to explain the first thing he looks at when evaluating a beaten down stock and reveals a scenario for $5,000 gold that doesn’t sound outlandish, at all.

 

A listener writes in to tell Porter he’s completely backwards when it comes to position sizing with bonds, and Buck tells everyone he’s moving to “the swamp” in DC.

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Porter and Buck welcome Greg Diamond, senior analyst of Ten Stock Trader and co- host of The Investors Marketcast. Greg explains why we’re at a big inflection point in the stock markets and how Ten Stock Trader just posted a 25% gain in less than 24 hours. Porter asks Greg to reveal the one trend he sees in the markets right now that can help you make money. Porter tells you the first thing he looks at when buying or selling a stock, and how he finds businesses that produce products his grandchildren (and their grandchildren) will be using.

Founder of the Trends Research Institute, Gerald Celente, joins the show to explain his methodology of spotting future economic, social, and technology trends. Porter asks Gerald how massive corporate and consumer debt is weighing on markets and what he thinks about the possibility of a populist debt jubilee. Gerald tells you why what’s happening in the Middle East right now can send a shockwave through the equity markets, and how autonomous driving is still a “nerdy pipe dream” that’s decades away from becoming reality.

Porter answers listener questions about selling put options, proper position sizing for bond portfolios, and the secret origins of the ubiquitous Country Club Guy.

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Stansberry senior analyst and editor Bryan Beach joins Porter and Buck to talk about his recent speaking engagement at the Grant’s Interest Rate Observer Conference in New York. Bryan’s presentation revealed his new system for spotting stocks that are poised for triple digits gains by studying their counterpart in the bond markets. Bryan explains the distinct difference between stock buyers and bond investors. Which market does the smart money follow?

Porter asks Buck to explain why America keeps meddling in the Middle East. “It’s not our war.” Is there an imminent threat to the US from rouge nations, psycho-dictators, or Al-Qaeda? Porter is thinking more and more about gold and reveals his favorite precious metal company to own before all others. A listener writes in with a question about what would happen to insurance companies and policies in a debt jubilee scenario.  

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Steve Sjuggerud joins Buck this week to break down the mixed messages you’ve been seeing on China’s economy, proposed US trade tariffs, and why “Trump’s China” is based on an outdated perception and vastly different from reality in Beijing. Steve tells you the one thing that matters most when it comes to investing in China’s markets, and why the trade war volatility is presenting a unique investment opportunity. Steve tells you the easiest way for foreign investors to get exposure to local Chinese stock markets.

 

Author and Daily Beast columnist Gordon Chang joins the conversation to tell you why a China trade war has been coming for quite some time. Buck asks Gordon if China is in a better trade negotiation position than the US, and whether or not President Xi Jinping’s communist leadership will fall in line with US requests on intellectual property. Will a crisis of confidence in China put a damper on its hyper growth policies?

 

A listener writes in with a timely question about China’s aspiration to become a more relevant player in global currency markets. Does it make a difference to the US, Europe, and Japan if China pushes the yuan as a reserve currency?

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Porter dispels Wall Street rumors that Warren Buffett will come to the rescue of General electric (GE) and tells you about the time he sat next to former CEO Jack Welch at a New York City Broadway play. Nobody knew what kind of financial engineering Jack was up to in the 1990s, possibly even Welch himself. Did the GE slogan “Imagination at Work” apply to their accounting, too?

 

International Economist Dr. Lacy Hunt from Hoisington Investment Management joins Porter and Buck to reveal whether record debt will break economies around the world, slow them down, or leave everything largely unaffected. Porter asks Lacy if a debt jubilee will come to pass. Despite history, you’ll be surprised to hear Dr. Hunt’s answer. Lacy reminds Porter that out of all the major economies in the world, the US is still “the best of the worst.”

 

Listeners ask about the ethics of investing in companies like Facebook and what will happen to Berkshire Hathaway when it’s two famous principles finally leave. Porter tells you why he’s actually glad social media companies watch him, and how he would run Berkshire post-Buffett and Munger.     

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Buck and Porter welcome Dr. David “Doc” Eifrig to discuss his market forecast for the next six to nine months: a mini-boom as people receive and spend their last checks from Trump and Congress. Doc also tells you the one thing you need to watch for that could start a long overdue default cycle in bonds, what his biggest fear is for investors today, and why he’s getting more interested in gold with each passing moment of a 9-year old bull market that’s on its last breath of debt-laden air.

 

Porter talks about bulletproofing your stocks against market risks and reveals his favorite category of equities with a laundry list of companies ready for you to research. Doc and Porter tell you what kind of stocks make a perfect “Hall of Fame” portfolio - investments that pay you ever increasing dividends every single year you own them.

 

Buck asks Doc how you should prepare your investments for the next bear market, and Doc reveals his “100 year” investment idea – an irreplaceable asset that will never go away. Porter answers listener questions about the bitcoin and crypto crash, Toys R Us bankruptcy, and if China and President Xi Jinping are gearing up to create a new world reserve currency.

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Porter gives one last lesson on the big mistake Warren Buffett is making that could change Berkshire Hathaway forever. Buck breaks down the culture of the FBI and its influence on “Russiagate,” and Porter wonders why successful money managers and business people are often the target of politicians, while real criminals like those behind the 2008-2009 financial crisis just walk away.

Buck and Porter welcome Erez Kalir, CEO and co-founder of Stansberry Asset Management. Porter and Erez discuss four specific “mile markers” to watch for that will signal the end of the current bull run in stocks. Erez talks about a meeting with Peter Thiel where the famous venture capitalist reveals what he’s doing with his bitcoin investment. Porter asks Erez to tell you the one stock he would buy if it was the only one he could hold forever.

Buck gives his account of the Facebook data breach that erased over $35 billion in investor capital in one day. Is the stock a buy or sell? Porter weighs in. A listener sends in a question about student debt forgiveness and what it would mean to Porter’s American Jubilee prediction.

 

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Buck is joined by guest co-host PJ O’Rourke for an American Consequences takeover of the Stansberry Investor Hour. PJ is the rabble rousing best-selling author of titles like Eat the Rich, Give War a Chance, and How the Hell Did This Happen? Buck and PJ discuss Rex Tillerson’s great relief, doubts about growth in Asia, and the surveillance culture we now live in where everybody knows your name…and a whole lot more. PJ tells you why some people may even welcome the idea of unfettered spying on citizens by governments everywhere.

Stansberry Research analyst Bill Shaw joins the program to weigh in on gold and his recent article in American Consequences. It’s a first-person story about the state of subprime auto loans and late-night adventures with a repo man on the streets of Baltimore. Buck asks Bill which cars the midnight riders are towing away, and the answer is a tell-tale sign of a far too stretched consumer.

Turney Duff, author of the Buy Side and contributor to American Consequences, calls in to tell PJ and Buck about the discussions he just had with the smartest traders he knows on Wall Street to get their opinion on the China trade. Turney sheds some light as to why some of the most experienced people in finance have completely missed the big move in Asia.

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Porter goes for round two in his critical review of the annual shareholder’s letter from Berkshire Hathaway (BRK). The most important details are not what’s included in the letter from Warren Buffett, but it’s what’s missing that has Porter wondering if the Oracle of Omaha has lost his touch. Has the fundamental investment philosophy that has proven to work so well for Berkshire been altered? Will Buffett ever beat the S&P 500 ever again with the current makeup of Berkshire’s holdings?

 

Buck and Porter welcome economist and author Richard Duncan to the show. Richard talks about how the Fed is running behind on the Quantitative Tightening (QT) schedule it set for itself in 2017 to unwind the Quantitative Easing (QE) put in motion back in 2008-2009. Any QT or “crowding out” from the government’s trillion-dollar-a-year budget deficits are likely to be a toxic combination for investors. Richard says the US could be headed for another recession if the Fed continues to tighten as planned.

 

Porter  answers listener questions about autonomous vehicles and their potential future impact on insurance premiums, and how the type of corporate bonds covered at Stansberry Research are quite different than what most people think.

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Porter and Buck welcome Richard Smith, inventor of TradeStops, the revolutionary software designed to help investors maximize their gains while minimizing risk. Richard tells Porter about his recent analysis of investment results from famous investors like Warren Buffett, David Einhorn, and Seth Klarman. Richard reveals the one thing you can do today to dramatically improve your investment results, without changing any of the stocks you own.

Porter breaks down highlights from Berkshire Hathaway's annual letter to shareholders, and talks about what the world's greatest investor may have left out of the report. Has the investment philosophy changed at Berkshire? Is Buffett breaking his fundamental rules for investing?

Listeners write in with a valuation question about Apple and how to handle stops, position sizing, and asset allocation when it comes to corporate bonds.

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Porter and Buck welcome business leader and chairman of Forbes Media, Steve Forbes. They discuss why some Americans have lost the passion for free markets, what’s happening on college campuses, and the enormous gap between productivity and stagnant wages. Steve demystifies the real relationship between gold and fiat paper currencies, how interest rate manipulation distorts financial markets, and the one thing that could finally trigger mass adoption of Bitcoin and other crypto-assets.

Porter reveals a misunderstood investment tool you need to learn about before you ever buy a single share of stock. It’s the secret weapon at Stansberry Research that tells you exactly how much and when you’ll get paid on your investment. Buck breaks down recent Russian “collusion confusion” in Washington, what it means for Trump, and how the role of Facebook in the conversation is potentially overblown.

 A listener writes in with a first-hand story about financing in the agricultural sector, and how lending practices at John Deere (DE) could lead the 181-year old company down the same financial death spiral as General Electric (GE).

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Porter talks about the VIX falling out of bed while he was down in Nicaragua last week, and the reactions of Alliance members who were along for the trip at Rancho Santana. Buck prompts Porter on a wild ride covering the moral bankruptcy of fiat money, how US monetary and elected officials have truly “jumped ship” on fiscal responsibility, where interest rates go from here, and the borrow culture of the new America that is making it impossible for millennials to save and build wealth.

Dave Lashmet, lead analyst and editor of Stansberry Venture Technology, connects with Porter to talk about the latest medical and technology trends he’s studying that have the potential to deliver huge returns to your portfolio. Porter and Dave talk about their first biotech research trip together in 1999, the reality of seeing autonomous vehicles on your street, immunotherapy for cancer patients, and the famous “Dinner with Hitler” essay they wrote together.

Scott from Indiana asks Porter about solar energy. Rant alert! You won’t want to miss Porter’s response on what might be the most economically backwards source of energy on planet earth, despite our government’s attempt to make you pay for it.

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Porter reveals why no major media outlet will cover his best-selling book, American Jubilee, which has sold over 50,000 copies in the last few months. Is the dirty math at General Electric about to get a lot worse? Porter has new information about dubious accounting practices used at GE that could potentially put the conglomerate in the same league as Enron. He offers a solution for corporate America that would immediately stop the crazy debt madness and financial shenanigans found at some major public companies.

Dan Denning of the Bill Bonner Letter joins Buck and Porter to talk about the early days of Porter’s publishing business, why he recently traveled 3,000 miles out west looking for “bolt hole” communities, how he hates to disagree with Steve Sjuggerud, and what newsletters he’s reading these days for ideas and inspiration.

The mailbag is filled with questions about Porter’s natural gas prediction, capital efficiency, and the Stansberry Alliance. One listener writes in to tell everyone how he was almost “Bucked” on a position in GE before he heard Porter’s analysis.

0:38: Porter tells Buck about his new status as a best-selling author, and theorizes about why the New York Times will never put him on their bestseller list.

4:00: Porter reads from Grant’s Interest Rate Observer regarding the Multi-Employer Pension Reform Act of 2014 that gives pension plans an avenue to reduce payments to their beneficiaries up to 50%.

7:18: What’s going on in the FBI? Buck breaks down the latest in the FBI’s alleged plans to take down Trump’s campaign in what could be a bigger scandal than Watergate, and why he’s still reserving judgement.

10:35: Buck makes a prediction if Democrats take Congress this fall: They will impeach Donald Trump. It’s what their base will demand they run on – but even if they take control, one threshold in the Senate might save Trump.

12:43: Porter shares his own radical fix for our broken, circular-firing squad politics: Give citizens voting power equal to the taxes they pay. “Look at the history of our democracy since we went to universal suffrage – they’re not good outcomes.” 

23:15: Porter picks apart the lie that ballooning CEO compensation is “just what the market bears out” and reveals why the situation with GE is about to get $20 billion worse.

27:36: Buck introduces Dan Denning, and Porter shares the story of how he was broke, recently fired, and “at loose ends” when Dan’s seemingly small but momentous gesture let him launch a newsletter empire.

30:22: Porter asks Dan which newsletters he’s reading these days and he tells you why he never likes to disagree with Steve Sjuggerud. Dan gives Porter a tip about a favorite new writer he’s reading that you’ve likely never heard of before.

36:49: Dan tells you about his recent 3,000-mile journey in the western US looking for “bolt hole” communities that you can move to in times of crisis. He found whole parts of America that are emptying out, but offering great opportunities in real estate and peace of mind.

40:09: There’s one recommendation that probably embodies his investing philosophy better than any other – Hershey – and Porter reveals what makes it so special. Dan shares the two qualities he looks for, and the investment that went up 5,000% after he recommended it.

45:44: There’s only one area where Porter thinks Agora founder Bill Bonner’s been wrong for as long as he’s known him, and that’s his general aversion to the stock market. “Aren’t you giving up too much upside?”

49:26: Dan explains why history is of little help making sense of today’s markets where traditional asset class relationships don’t seem to be working anymore. Porter agrees and goes into detail on how the true barometer of financial excesses today isn’t in the stock market.

58:34: With a small amount of envy, Porter shares the findings from the full audit of Steve Sjuggerud’s newsletter recommendations, and how since inception of his letter in 2001, the average gain is 20.6% – a record that beats virtually every hedge fund and mutual fund, and doubles the S&P 500’s return.

1:06:02: Buck reaches into the mailbag and pulls out a question from Jim T., who asks Porter how he gets his prediction that natural gas prices will rise to $10 when fracking is already unleashing such a supply glut. Porter responds it all comes down to what the Chinese will STOP doing.

Key points in this episode

Porter tells you about what really happened at General Electric (GE) under the reign of Jack Welch and his successors. It’s the story of an unholy partnership between big government and big media. A tragedy of paper money, financial speculation and excessive greed. Porter explains what GE has been doing since the mid-90s, and it has nothing to do with lightbulbs, locomotives, or power plants. GE has been involved in a gigantic financial gamble for decades…right under the nose of shareholders. The SEC is now investigating the company’s accounting, and Porter explains how GE could easily become the next Enron or Lehman.

Buck and Porter welcome Steve Sjuggerud, editor of True Wealth and Porter’s long-time partner at Stansberry Research. Steve reveals how much longer the stock market MeltUp can continue, which warning sign to look for from the government that has consistently preceded the last three market corrections, and a recommendation for Buck on the easiest way to invest in the China boom.

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Dan Ferris joins the Stansberry Investor Hour to tell you about the safest way to invest your money in the stock market. He and Porter recall the very first idea that launched Dan’s Extreme Value newsletter with a classic illustration of value investing which would make Warren Buffett and Benjamin Graham proud. Dan shows you why seemingly boring companies can be investments that allow you to sleep well at night, but also have the potential to double or triple your money.

John Gillin from the Stansberry NewsWire service joins Buck for a review of all the best and worst technologies he recently saw at the 2018 Consumer Electronics Show (CES) in Las Vegas. VR shopping, dual-screen cell phones, and autonomous vehicles were some of the big themes on display. John tells you when you can expect a driverless car to pick you up in front of your house, or see a long-haul truck on the highway with no one at the wheel.

Listeners write in about the false missile warning in Hawaii, the use of blockchain technology in the options market, and the three cocktail recipes Porter and Buck can use for any occasion.

1:59: Buck and Porter introduce Dan Ferris, senior editor and analyst for the Extreme Value newsletter published by Stansberry Research. Porter explains how Dan has been with Stansberry Research from the beginning and that the type of value investing Dan does is the very opposite of what’s popular, but is really what most people should do.    

6:08: Porter explains value investing and tells you why it’s the absolute safest way to invest in equities. Dan and Porter recall the very first value idea they had together that launched Extreme Value back in 2000. It was a cash gushing catalog clothing retailer selling for 2x earnings that was an easy double once it’s value was fully realized.  

9:26: Porter tells you the one criteria required to make an Extreme Value recommendation. Dan describes his latest pick as the only stock in the world you need to own right now. In a world where every market seems to be fully valued, Dan and his team at Extreme Value have found one stock in a hated industry that could be the next double or triple.

12:57: Dan tells you why one of his tops picks in Extreme Value, Altius Minerals, is still in the portfolio today after first being recommended in 2009. And it’s still compounding at about 10% per year.

15:35: Stocks are high today – so what would be on Dan’s “buy list” in a sudden bear market full of stocks on sale? Dan reveals the #1 stock he’d love to get back into, and why “I sold because I’m stupid.” Even though he made over 600% for his Extreme Value subscribers.

22:47: Dan tells you about one of the most visible and easy ways to spot companies that are on sale, but also make great decisions and have favorable prospects for growth.  

24:52: Buck talks with John Gillin of the Stansberry Newswire about what he saw out at the recent 2018 Consumer Electronics Show (CES) in Las Vegas. John tells you about the one technology he saw at CES that he would put in his home tomorrow. John also tells us that Uber was meeting with the FAA at CES is working on a business to take you everywhere, and it has nothing to do with automobiles.

33:38: Jesse writes in with a question about the recent false missile warning in Hawaii. More than just government employee incompetence? 

36:50 Porter asks Buck for his take on the “shi*hole” brouhaha, and Buck explains the political rationale behind this – there’s a reason Democrats are fanning these flames as the battle for DACA begins.

43:27: Porter answers a listener’s question about blockchain and the potential role this technology could play in the options market. Porter reveals the name of a company that is wholly owned by Overstock.com and is building solutions to leverage and service blockchain technologies.

45:10: Marcus writes in with some cocktail recommendations for Porter and Buck and shares a recipe for Blood and Sand.

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Porter and Buck are back from holiday break to give you their boldest predictions for 2018. The first one’s a doozy for regular listeners as Porter provides granular detail on how the stage is set for gold and other commodities to have a massive stealth bull market this year. Buck asks Porter about the pros and cons of owning physical gold bullion versus gold stocks. You’ll also hear Porter reveal the one gold equity he favors that gives you most of gold’s benefits, without owning a single ounce of the precious metal.

Porter and Buck welcome best-selling author and founder of the Wealth Factory, Garrett Gunderson. As a teenager, Garrett launched his first company and won business competitions across the state of Utah. By age 26 he was a multi-millionaire and partner in several financial enterprises. He tells Porter about his new upcoming book, Five Day Weekend, and the three things he’s writing about right now that will help you build your financial infrastructure and grow your money.

The mailbag is stuffed with reader feedback on Jack Reacher, gold, cryptos, and a question for Porter on capital efficiency. Buck tells Porter about a phone call he recently received from Ivanka Trump (no kidding), and “Arianna” makes an appearance to give Porter tips on staying healthy in 2018.

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There’s little doubt that one topic dominated financial headlines in 2017…and it took most investors by complete surprise. Bitcoin’s parabolic rise from $997 on January 1, 2017 to almost $20,000 has been nothing short of spectacular. It’s been a hot topic on the Stansberry Investor Hour for months. In part 2 of the Best of Bitcoin, you’ll hear from legendary investor Jim Rogers as he gives you his take on cryptos and what he sees as some the biggest obstacles to Bitcoin adoption and acceptance as a store of value. Financial publisher and commodities expert Dennis Gartman talks with Porter about how we’ll remember “Bitcoin Mania 2017” once it all goes bust, and Doug Casey draws a connection between the enormous growth in global outstanding debt and the exuberant interest in crypto assets. Buck has an extensive interview with Bitcoin expert and editor of Crypto Capital, Tama Churchouse. Tama breaks down the three types of crypto asset classes you need to know about to fully understand the form and function of Bitcoin, blockchain, and the 1,300+ crypto tokens in circulation today.

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There’s little doubt that one topic dominated financial headlines in 2017…and it took most investors by complete surprise. Bitcoin’s parabolic rise from $997 on January 1, 2017 to almost $20,000 this year has been nothing short of spectacular. In part 1 of the Best of Bitcoin, you’ll hear from Wall Street Journal senior writer Paul Vigna, author of the Age of Cryptocurrency and the upcoming Truth Machine. Paul helps you understand the origins of Bitcoin and how the underlying decentralized blockchain technology running it has the power to reinvent traditional financial and social structures. Porter interviews perma-bear David Tice who tells you why he thinks Bitcoin is real, why it’s here to stay, and how it offers a complete paradigm shift for how businesses can operate. Tama Churchouse, editor of Crypto Capital and senior analyst at Stansberry Churchouse Research joins Buck and Porter to tell you exactly why Asia is the melting pot of crypto activity, how to get started in Bitcoin, which crypto assets to watch, and why learning the difference between Bitcoin, blockchain, and token function is crucial before investing in the crypto space. www.stansberrybitcoin.com

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Porter and Buck have an in-depth interview with David Stockman, former Director of the Office of Management and Budget under Ronald Regan from 1981 to 1985. Porter and David discuss the alarming growth in consumer debt and the broken link between productivity and wages that’s been out-of-whack in the American economy for over 30 years. Stockman reveals why productivity is faltering and how CEOs of America have become dangerous financial engineers that could lead to a new type of profitless economy and massive distortions in the world’s markets.

Porter and David explore the nature of Bitcoin mania. Is it an aberration? Or is it a warning sign of an entire financial system that’s bloated beyond all recognition? A speed round of questioning results in Porter asking David if Bitcoin is crazier than European junk bonds with zero yield. Or which type of debt is in deeper trouble, auto loans or student loans? David tells you what he thinks about the chances of President Trump finishing his term, and how to read his insights each day in the Contra Corner newsletter.

Buck opens a Christmas stocking full of mail from listeners with a timely question about our fiat monetary system, and a query about how to subscribe to Porter’s latest investment research. www.theamericanjubilee.com

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Porter continues his discussion from last week on the risks facing Bitcoin and the entire crypto market. How far behind the curve are investors, businesses, and governments? How many people will be hurt when Bitcoin finally comes back down to earth? Porter tells you why he thinks Bitcoin mania can go on for much longer than you ever think possible, and how an eventual crypto-crash could have a profound impact on our economy and society over time.

Buck tells listeners about the most disturbing incident of police brutality he has ever seen - recalling the case of Daniel Shaver’s killing at the hands of a Mesa, AZ police officer in January 2016. Buck’s recent article in The Hill on the terrible outcome of the officer’s trial has caught fire on social media with over 40,000 shares.

Porter and Buck welcome Doug Casey of Casey Research for an in-depth discussion about big speculations, why he’s led a nomadic lifestyle living in dozens of countries, and the creative process behind writing the High Ground novel series. Doug explains why people are pretty much the same all over the world and that you owe it to yourself to not be a “potted plant” all your life. Learn all about Casey Research and the new trend Doug has personally committed over $2million to by visiting www.bigspeculation.com.

Doug recalls the moment that convinced him why people would accept Bitcoin and cryptocurrencies. He tells Porter that he sees a bubble in every market sector with one exception. Listen as Doug reveals an ignored part of the markets where you can still find bargains if you look hard enough. www.investorhour.com

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Porter gives you his latest thoughts and a stern warning on Bitcoin as the cryptocurrency briefly passes $17,000. Buck welcomes Grover Norquist, president of Americans for Tax Reform to help you understand exactly what’s happening with the current tax reform bill in the House and Senate, and what it could potentially mean for investors, businesses, and individuals. Porter and Buck talk about Saudi Arabia and the historical reality that it’s radical belief system, brutal governing tactics, and addiction to oil money will lead to a troubling civil war.

Porter has an extended discussion with international finance expert and former hedge fund manager, Eric Fry. Eric is currently a macro strategist and resident expert on global investment trends at the Oxford Club, where he writes Fry’s Pinnacle Portfolio (www.AmericasTopTrader.com). In 2016, Eric took first place in Wall Street’s biggest investment competition beating 650 investors including legends Bill Ackman, Joel Greenblatt, and David Tepper. Porter gives listeners a short recommendation and asks Eric to reveal his own short idea which is a huge bet against Warren Buffett.

Buck and Porter open the mailbag to answer a question from a listener in Russia on what will happen to the global economy when there's a panic to get out of paper fiat currencies.

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Bitcoin and cryptocurrency expert Tama Churchouse calls in from Singapore to answer the big question of, “how high can Bitcoin really go?” Tama teaches you a new way to value the digital currency invention of Satoshi Nakamoto, and exactly how cryptos function as a transfer of economic value. Buck learns how anyone can download every transaction ever made with Bitcoin and why it’s massively secure. Tama reveals the three layers of crypto-assets you need to understand to realize why we are in the very early stages of financial and business disruption resulting from Bitcoin and blockchain technology.

Buck tells you why he thinks the Trump tax bill could be the next “bellyflop into the shallow end of the pool,” if Congress cannot simplify the 70,000 pages of current IRS tax code to benefit working Americans. What kind of pork and fat are politicians cooking up in the Capitol kitchen to push this bill through? Decorated Marine scout sniper and author of Bounty Hunter 4/3, Jason Delgado, joins the show to tell you about what it’s like to wake up every morning and go to war as your day-job.

Buck responds to listener feedback about electro-magnetic pulses (EMPs), political term limits, and dinosaurs. www.investorhour.com

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Porter and Buck welcome James Damore, the ex-Google engineer and author of the viral internal company memo titled “Google’s Ideological Echo Chamber.“ Why did Damore get fired for questioning progressive workplace diversity practices applied to hiring and promotion? Hear Porter tell you what really caught his attention while reading Damore’s memo, and what he thinks led us to the current lose-lose state of gender and race politics in business. Has discrimination become the new office inclusion policy in America?

Buck and Porter discuss the storm of deep state media sexual harassment scandals from Hollywood to Capital Hill. Al Franken, John Lasseter, Charlie Rose, Harvey Weinstein, and Roy Moore are just a few examples of the latest business and political figures to fall. Buck has an explanation as to why this behavior has been allowed to go on for so long, and how this is just the beginning of these kind of salacious revelations.

Your hosts also answer listener feedback about US state debt levels, Saint Gaudens rare coins, and whether-or-not the US will take a page from Japan’s economic playbook to deal with the trillions in debt piling up in America. www.investorhour.com

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Porter’s back from Nicaragua and he’s growing more and more concerned about corporate and consumer debt. In our current “Escher Economy” it’s hard to distinguish which way is up and which way is down. The underlying balance sheet of the US consumer is in big trouble and Porter tells listeners that the likely outcome could lead to big changes at America’s ballot box in 2020.

Porter & Buck welcome special guest Grant Williams, co-founder of Real Vision TV. Known as “Netflix for finance geeks,” Real Vision is the world’s only video-on-demand channel with a finance and investor focus. Porter and Grant talk about how we’ve come to accept the madness of global economic activity over the last decade, how there seems to be a bubble forming in just about every asset class, and the two big signals to watch for that will show you when economies fueled by debt are about to run out of gas.

Porter answers a listener’s question in the mailbag about gold and gold miners…and reveals one of the biggest mistakes you can make with these investments. Next week, Porter and Buck interview James Damore, the ex-Google employee who wrote the viral memo, “Google’s Ideological Echo Chamber.” www.investorhour.com

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Porter reports on Rancho Santana – the Nicaraguan development started by Bill Bonner and Agora over 20 years ago that has turned into a world-class boutique resort featured in the New York Times, Forbes, Travel & Leisure, and Bloomberg. Why are investors and retirees so interested in this part of Central America? Porter and his special guest from Rancho reveal why Nicaragua is finally getting noticed as a place to vacation, invest, and live full-time.

Buck sits down with Kenneth Cukier – senior technology editor at The Economist and co-author of Big Data: A Revolution That Will Transform How We Live, Work, and Think. Kenn explains to Buck why many of the doomsday scenarios surrounding artificial intelligence you hear from the likes of Tesla’s Elon Musk are dead wrong.

Entrepreneur, author, and business coach Bedros Keuilian joins the show to tell you why you need to unlock your leadership potential and make business decisions that move you forward right now. Bedros tells Buck how he almost lost his entire business because he didn’t man up and confront the problems right in front of him. Buck tells you how you can join us at the 2018 Stansberry Winter Investment Conference at Rancho Santana in February. Full details at www.stansberryrancho.com. 

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Porter and Buck welcome investing legend and best-selling author Jim Rogers for an exclusive extended interview. Jim calls in from Singapore to tell you about the first time he met Porter 20 years ago, his latest thoughts on gold, and what he sees as the “first shoe to drop” in a debt jubilee scenario. Porter asks Jim about bitcoin, cryptocurrencies, and the advanced adoption of digital payments in Asia. Jim reveals that he regrets not buying any bitcoin, and you’ll be surprised at what he thinks governments could do with cryptos. Porter asks Jim if he had to invest all his money in one type of asset, what would it be?

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Porter’s been a giant critic of General Electric for almost a decade. But is he changing his tune with the new massive disruption taking place at the most long-standing company in the Dow 30? Porter wonders what kind of POTUS Trump could have been if he were only able to escape his own “negative charisma.” Buck explains the connection between the DNC, the Clinton Campaign, and the recently released Trump-Russian Dossier.

Porter and Buck welcome celebrity entrepreneur and investor Kevin O’Leary from the hit ABC television show, Shark Tank. Kevin gives you specific details on how he selects investments that pay you for owning them, outpace their rivals, and won’t keep you up at night. O’Leary reveals his personal long-term approach to investing and what he’s doing today outside Shark Tank.

Buck and Porter go pheasant hunting and Porter accuses Buck of allowing his inner Arianna to get in the way of their prey. A listener writes in with a question about Porter’s recent debt jubilee discussion, and Porter answers a query about the recent Stansberry Research bitcoin/cryptocurrency webinar at www.stansberrybitcoin.com. 

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Buck’s live in the Baltimore studio for the first time and Porter’s back from the Grant’s Conference in New York with a report on what the big money on Wall Street is thinking right now. Turns out Porter’s not the only one who sees a global debt “jubilee” on the horizon. Porter reveals the first country that may start the trend of massive debt forgiveness, and how it could easily spread to the US. Buck and Porter welcome Tama Churchouse, analyst and editor at Stansberry Churchouse Publishing, to teach you the one thing about crypto assets most people overlook. Tama shares the critical information you need to understand before you invest in cryptocurrencies and the blockchain technology behind bitcoin and ethereum. Porter asks Tama to give listeners his number one investment idea outside of bitcoin. See a replay of Stansberry’s first ever bitcoin webinar event at www.stansberrybitcoin.com. (

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This week it’s an American Consequences takeover on the Stansberry Investor Hour. Guest Co-Host and Chief Editor of American Consequences magazine, PJ O’Rourke, sits in with Buck to welcome Senior Editor of Extreme Value Dan Ferris, and author Turney Duff of the best-selling Wall Street expose’, The Buy Side. Dan tells you why Wal-Mart is still a big threat to Amazon’s business, and why you might be better off investing with strong brick and mortar operations when it comes to the retail sector. PJ and Dan reveal a connection between Sears and Amazon that most people would miss…and what could be a future indicator of trouble for Amazon. Turney Duff calls in to explain why investing in Initial Public Offerings (IPOs) is something that most investors should stay away from, and how you can beat Wall Street at their own game by knowing when to short the hype surrounding new IPO issues.

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Porter and Buck welcome special guest Erez Kalir, CEO and co-founder of Stansberry Asset Management. Erez gives you three big thematic ideas that he sees playing out in the markets right now...and how to take advantage of them. Porter discusses his “Jubilee” prediction and the possibility of a massive debt restructuring in America. Erez shares the sharpest question a prospective investor has ever asked him during the brutal 2008 downturn, and Porter reveals a “max yield” strategy in the mailbag in response to a listener’s question.

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Jim Grant, publisher and editor of Grant's Interest Rate Observer, joins the show to discuss his most famous profit forecast – a massively profitable bet against the housing market that would later be depicted in the movie The Big Short. Porter asks Jim if the Fed will ever lose the overwhelming power it holds, and you’ll be surprised to hear how Jim calculates how they already lost control a long time ago. Jim also weighs in on Bitcoin and how it could be Silicon Valley’s “cry for help.”

You’ll have a good laugh when Jim recounts the moment he realized the housing market was in bubble territory. Just as interesting is Jim’s story of how he grew his newsletter business from an initial subscriber base of just 18 readers, to become one of most renowned and celebrated financial journalist of all time. Of course, it helped that his very first subscriber – the first-ever member of The Grant Interest Observer – was legendary investor Jim Rogers.

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Porter and Buck have a laugh over the recent news of Chase’s Jamie Dimon trying to convince the world that Bitcoin is a fraud. They reveal the real reason behind Dimon’s panic, and why Bitcoin and blockchain technology is one of the most significant risks central banks will face in the near term. Porter and Buck welcome David Tice, President of Tice Capital and one of Wall Street’s most prolific bears. David tells Porter that he’s singing a slightly different tune lately after reading Steve Sjuggerud’s Melt-Up thesis. Porter asks David about the toxic stew of debt from reckless student, corporate, and auto loans…and shares the biggest prediction he’s been wrong about. David and Porter both give you their “bear market survival plan” for when this historic bull market finally takes a break. You’ll learn what to own, what to avoid, and how to come out unscathed in the next market downturn. Porter points out that the recent Toys R Us bankruptcy could be the canary in the coalmine that leads to a bond market reckoning. Buck channels “Arianna” and “Bill” for a timely response to a listener’s question.

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Buck informs Porter that the US national debt just passed $20 Trillion. Should you care? Porter reveals the kinds of companies you want to own during the next debt crisis, shares his top two ways to build wealth over the long term, and gives you his #1 rule for building savings. Danielle DiMartino Booth, author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America, joins the show to talk about the misguided morality of the Fed, how a further fiscal hazard was created when the Fed expanded it’s balance sheet in 2009, and why capitalism is both highly moral and natural - two things the Fed is not. Buck channels “Bill Clinton” and visits with Porter to reveal the coping strategies he’s recommended to Hillary and Chelsea, and invites Porter to a night out on the town in LA.

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What’s the Porter solution to the big bully on the block, North Korea? Porter and Buck get into an uncensored discussion about the rouge nation and the options available for dealing with Kim Jong-un's nuclear ambitions. Famed publisher and editor of the daily Gartman Letter, Dennis Gartman, joins the show to give you a prediction on oil that no one is expecting…but is supported by one of the biggest producers in the world. You’ll also hear Gartman’s thoughts on Bitcoin and a simple fix to the US tax system that would instantly change the way we all perceive our fiscal duty to Uncle Sam.

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Have you ever wondered what's gone wrong for the world’s greatest investor? Every investing mistake comes with a valuable lesson. And you’ll be surprised to hear unpublicized facts of Berkshire Hathaway and how Buffett’s mistakes of the past can make you a smarter investor today. Porter and Buck welcome guest Chris Mayer, editor at Bonner & Partners and author of 100 Baggers, Stocks That Return 100-to-1 and How to Find Them, for an in-depth conversation on BRK stock, when it makes sense to abandon an investment (no matter how profitable it’s been in the past), and the three biggest adversaries to your own investing.

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What in the world is going on in the bond markets? This is the question Porter asks Marty Fridson, a bond market visionary whose 40-year career has been accurate enough for him to be labeled “the Dean of High-Yield Debt.” Marty reveals the one market index and unique metric he developed to spot the beginning of bear market cycles…and what he’s seeing right now is so unusual it hasn’t happened since...2008. But there’s one thing missing. Buck and Porter discuss the complete madness of America’s involvement in Afghanistan, why the US doesn’t need to be in the Middle East, and what might be America’s most neglected history lesson – the country’s first and only war against slavery, fought after the American Revolution but long before the Civil War. Learn how you can join over 500 Stansberry Research readers in Las Vegas Sep 27-28 at www.stansberryvegas.com. 

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Porter’s back in the studio with Buck as they dig deeper into the James Damore Google memo with a unique perspective that underlines what most people are missing about workplace diversity. Buck gives his ex-CIA perspective on the nuclear weapon tantrum throwing between North Korea and Donald Trump. Porter reveals the one stock you can play to profit from the death of the traditional retail sector…and it’s not what you think. An interview with Agora Publishing founder and best-selling author Bill Bonner brings to light the two greatest things that Porter ever learned about growing and building any business.

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Buck is joined by guest co-host PJ O’Rourke to discuss the uproar in Silicon Valley over the Google “anti-diversity memo” and what to really make of the idea that there are innate leadership differences between genders. PJ reveals the apparent “lemming run” of the Democratic party and what the lack of current leadership means going forward. Buck recalls his “jaw on the floor” moment when he met Anthony “The Mooch” Scaramucci and how this reflects on the Trump administration. Special guest Dinesh D’Souza, conservative thinker and author of The Roots of Obama’s Rage is out with a new book, The Big Lie, since he survived a prison scare with Obama’s Justice Department in 2014. “Arianna” makes an appearance in the mailbag to respond to listener comments.

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Porter’s nervous this week because he’s seeing two very specific and unusual things that have never happened in the markets before…and it’s "completely insane." Porter and Buck welcome special guest Richard Maybury, editor of the U.S. & World Early Warning Report and author of the common-sense Uncle Eric book series. Richard enlightens listeners to the concept of “Chaostan” and reveals how this unpredictable part of the world has ironically led to one of the most predictable trends in investing. Porter opens the mailbag and tells a listener how to take advantage of record-low market volatility, and the inevitable reversion to the mean of the VIX once the bull market changes course.

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Porter recalls his thesis on Fannie Mae and Freddie Mac and explains why you should understand the financial fiction of these two entities, and how their “rescue” in 2008-2009 may have led to a massive government theft in the end. A Phelps vs. Shark comparison reminds us that nothing is free...and why this assumption is one of the biggest mistakes you can make in investing and life. Buck and Porter discuss truth and integrity in the legal system featuring the real-life fiction of “Mattress Girl” and how she represents a disturbing administrative trend on college campuses. Special guest Meb Faber, Chief Investment Strategist at Cambria Investment Management and host of the popular Meb Faber Show joins Porter and Buck to reveal his thoughts on “smart beta” – a term he’s renounced that nonetheless helped him rise in the investing world to eventually manage $1 billion in assets.

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Porter’s back on deck with Buck this week to welcome media entrepreneur and founder of the The Blaze, Glenn Beck. Porter and Buck discuss the real reason Jeff Bezos purchased the Washington Post, big debts in the agricultural sector, consequences of moving away from free markets, and an interesting way to invest in companies that are about to blow up. Glenn Beck reveals the lesson behind the stunning rise of his media empire and how we can come together to be the greatest American generation.

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Buck is joined by best-selling author and satirist P.J. O’Rourke to discuss what’s next for the Trump administration if the stalled Senate health care bill fails…and why the Russia investigation is most likely headed down the “Whitewater rabbit hole.” Paul Vigna of the Wall Street Journal and author of The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order tells Buck and P.J. about the one company that could make bitcoin mainstream overnight.

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Porter shares a classic investment lesson taught to him by one of his mentors 20 years ago. Is the stock you’re buying too expensive, a great value, or priced fairly? Porter teaches you how to find all the information you need to determine what a business is really worth from the ground up.

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Buck welcomes Sara Carter, award-winning investigative reporter and National Security Correspondent with Circa.com. Sara shares breaking news on political bias within the FBI and how acting Director Andrew McCabe might have a massive conflict of interest in the Michael Flynn Russia investigation. Ben Morris from Stansberry Research and Daily Wealth Trader joins the show to walk you through how he's used asset allocation and position sizing to achieve an annualized return of 24% so far this year for his readers.

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Buck channels his best Arianna Huffington to help Porter understand what’s happening to men in America’s boardrooms. Porter digs into auto loans and reveals the canary in the coal mine to watch in the oil business. Buck talks about Sleeping Giants - an underground digital activist phenomenon that has unknown origins, but is taking down major media properties. Special guest Steve Sjuggerud shares what he found on his recent trip to China and how to join his next investor webinar at www.MeltUpBriefing.com

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Special guest P.J. O’Rourke reveals the paradox of populism in elections and recounts his recent trip to a rocket factory in South America. Porter dives deeper into the oil super cycle and explains why record low stock market volatility could be a sign of a top in equities. Buck shocks Porter with something very few people know about former FBI Director James Comey.

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This week Porter and Buck sit down with legendary Texas wildcatter and CEO of Chisholm Exploration, Cactus Schroeder, and talk all things oil. Tune in and hear why Porter thinks oil prices will eventually go to $500. Stansberry Research’s resident resources editor, Flavious Smith, sits in on the interview. He and Porter share their view on the upcoming super cycle in oil. Learn why this trend in oil will produce a mass amount of wealth and why you should be educated at the bottom of the cycle and not the top!

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This week Co-Founder of WikiLeaks Julian Assange discusses the War of Leaks in DC, who has the best secret security forces around the world, and how the public largely benefits from transparency and sharing of information. Porter and Buck have a debate on what constitutes a whistleblower and the motivations behind those who come forward.

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Buck Sexton and Porter Stansberry discuss historical stock returns, the economics of AMZN and NFLX, and today's growing consumer credit crisis in student debt, auto loans, and agriculture. Porter gives you three reasons why the next bubble could be bigger than anyone thinks.

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