Episodes
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On this week's Stansberry Investor Hour, Dan and Corey are joined by Louis Navellier. Louis is a growth investor with more than 40 years of experience in the markets. His Growth Investor newsletter at our corporate affiliate InvestorPlace is catered toward individual investors. It helps give these folks an easy-to-understand look at current market trends and opportunities.
Louis kicks things off by sharing how he got his start in finance, how he learned about "anomalies and efficiencies" in the market, and why he dislikes banking stocks. He predicts that the implosion of private credit is going to be the next black-swan event to upset the markets. With 11% yields, private credit simply isn't sustainable. Louis also discusses what changes President-elect Donald Trump will have to make for prosperity to rise, as well as what's happening in Ukraine. (1:14)
Next, Louis touches on the market narrowing, describes which metrics his stock-grading system factors in, lists off several growth stocks he likes today, and reviews many legal monopolies he has profited from. One such name is chipmaker Nvidia, which Louis says he'll "be holding through the end of the decade." After that, he talks about why he's bullish on natural gas, how he spots legal monopolies in the first place, and the Biden administration's hostility toward tech. (18:55)
Finally, Louis shares how he decides when to cut a stock loose and gives his take on nuclear energy. When it comes to his investing philosophy, he notes, "I only buy things when they earn money." And Louis closes with his reasoning for not buying utility stocks. (38:22)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Brad Thomas to the show. Brad is the founder of our corporate affiliate Wide Moat Research. There, he serves as editor for the Wide Moat Daily, The Wide Moat Letter, the Intelligent Options Advisor, and the High-Yield Advisor newsletters. Brad joins the podcast to share some of his three decades' worth of experience in real estate.
Brad kicks things off by describing his background in real estate, how he lost almost everything during the Great Recession, and how his experience helps him with his job today researching companies. Next, Brad debunks the three largest perceived overhangs for real estate investment trusts ("REITs"): debt maturities, rising rates, and the "dead" office sector. As he explains, they aren't as big of factors for equity REITs as many believe. And in particular, there are some gems that investors can find within the office sector. (1:47)
Next, Brad talks about the growth potential for many specific REIT sectors, including cannabis, cell towers, data centers, and casinos. He throws out a few stock names along the way, and also explains what influence technology has had on REITs and their operations. This leads Brad to share his "trifecta approach" for diversifying between the three main beneficiaries of technology advancements. And he gives several reasons why investors should even bother to get into REITs right now, from valuations to Donald Trump. (18:49)
Finally, Brad points out that most companies have real estate components. So understanding how business is created from the ground up gives him and his team at Wide Moat Research an advantage. He emphasizes that Wide Moat's main goals are principal preservation and finding "sleep well at night" stocks. Brad then finishes by sharing which sectors outside of real estate he finds most attractive today. (41:17)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by Matt Franz. Matt is founder and principal of Eagle Point Capital. The registered investment adviser aims to build wealth in the long term while avoiding the permanent loss of capital.
Matt kicks off the show by describing Eagle Point Capital's ownership mentality for buying stocks and what qualities he looks for in a company. As he explains, businesses that have very simple unit economics and that are noncyclical tend to be the best. He also zeroes in on specific metrics to evaluate stocks, the importance of owning businesses that reinvest capital, and his "replication mode" method for assessing a company's future potential. (1:41)
Next, Matt talks about whether brands can be economic moats. He urges investors not to conflate brand awareness with pricing power, using consumer-electronics company Toshiba as an example. This leads to a conversation about luxury brands, why Matt prefers distributors to retailers, and why he only invests in companies worth 10 times earnings or less. Matt then breaks down his long-term focus, discussing intrinsic value and giving listeners a reality check. (17:10)
Finally, Matt highlights the discipline it takes to be a long-term value investor, as it's human nature to want to add more to a position when it's soaring or sell shares on bad news. However, when you own good businesses, it's best to sit on your hands and do nothing. Matt also shares some guidelines Eagle Point Capital follows when searching for stocks in terms of market cap, industry, risk factor, and cyclicality. (37:53)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Andrew Walker to the show. Andrew is a portfolio manager at value-oriented hedge fund Rangeley Capital and author of Yet Another Value Blog. He focuses on microcap, deep-value, and special-situations investments.
Andrew kicks off the show by sharing how he got his start as an investor and what inspired him to focus on value investing. He says that while value investing has gotten more competitive over the years, investors can still do well in this space if they think outside of the box. Andrew also discusses his renewed interest in special purpose acquisition companies ("SPACs") and whether de-SPACs are worth wading through for winners. (1:47)
Next, Andrew names a couple of companies he invested in and gives his reasoning for each play. The first is a bitcoin miner that emerged from bankruptcy. As Andrew explains, there are a multitude of problems with bitcoin mining, but this miner has managed to curtail some of those and stand out from the pack with its integration of AI. Andrew also talks about the revival of spinoffs, including one particular real estate investment trust that he likes thanks to its huge margin of safety. (15:43)
Finally, Andrew discusses another spinoff he has invested in – a company that owns prime real estate in Manhattan. It has a lot of cash and no debt on its balance sheet. And with legendary investor Bill Ackman's hedge fund owning nearly 40% of the company, Andrew believes there's much more upside ahead and that a turnaround is likely. (38:39)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by Dr. John Sviokla. John is an author, executive fellow at Harvard Business School, and co-founder of GAI Insights – the world's leading generative artificial-intelligence ("AI") analyst firm. He joins the podcast to talk all things AI – its investing potential, limitations, and real-world applications.
John kicks off the show by explaining how GAI Insights is helping organizations and communities understand and use generative AI. Currently, many executives don't know enough about it to even recognize its opportunities in the workplace. John says that workers whose jobs involve words, images, numbers, and sounds will be the most impacted by this technology. He also breaks down the three new forms of capital: network, behavioral, and cognitive. When it comes to the latter, businesses are trying to protect their proprietary data and processes today by keeping their AI behind firewalls. (1:46)
Next, John talks about how these AI models are trained, the process of training workers to use AI, and the limitations of AI. One such area AI struggles with is creating new ways to look at a problem. However, it's surprisingly good at empathizing and mimicking human emotions. John then discusses AI's computability, the transformer algorithm, and how AI could impact the broad market. (19:11)
Finally, John describes the four levels of generative-AI adoption. Those in the top level – "intelligence leveragers" – drive value by using AI to build AI. Right now, technology is the only industry with these kinds of companies. But John says that in the next five to seven years, each major industry will have an intelligence leverager. This presents a huge opportunity for investors. John gives several real-world situations across different industries (like pharmaceuticals and financials) where AI implementation will be game-changing. (40:35)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Martin "Marty" Fridson
back to the show. Marty is an author and expert in the field of high-yield bond investing. He
is also a senior analyst at Porter & Co.'s Distressed Investing newsletter.
Marty kicks off the show by discussing the top-down view of the high-yield market. He
comments that right now, there is a very small risk premium. Marty breaks down the factors
that he uses in his model of fair value and concludes that the high-yield market is extremely
overvalued. At the same time, the market is forecasting a higher default rate than credit-
ratings agency Moody's. Marty also gives his opinion on whether we'll see a recession, what
it means that the inverted yield curve has not yet resulted in a recession, and why he's less
critical of the Federal Reserve than other investors. (1:39)
Next, Marty explains that the current situation of the federal-funds rate and the 10-year U.S.
Treasury yield moving in opposite directions is not rare. He says it happens 40% of the time.
This segues to a discussion about what's happening with the junk-bond market... including
companies potentially having to roll over their debt to higher rates... and private credit
lenders now competing with high-yield bond buyers. Marty then names which sectors
present attractive buying opportunities today. (18:03)
Finally, Marty goes further in depth about his quantitative model and what data it draws
upon to find attractively priced distressed debt. He then explains that because high-yield
bonds aren't very liquid, exchange-traded funds centered around these investments tend to
have a lot of variance in performance. This can have serious consequences in times of
extreme market disruption. (34:12) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Edwin Dorsey to the show. Edwin conducts deep, investigative analyses of public companies in his newsletter, The Bear Cave. By prioritizing customer relations and common-sense logic over financial data, he can gain an edge and find troubled companies for his subscribers before Wall Street does.
Edwin kicks off the show by explaining how he got his start doing short-selling research and how he identifies prime opportunities for shorting. Rather than focusing on the financials, he hunts for $1 billion to $10 billion companies in the technology or consumer sector with bad customer relationships. Edwin shares case studies of how he discovered safety issues at two child-focused companies. The first was caregiver platform Care.com, which wasn't properly vetting its caregivers. The second is Roblox, which has ongoing issues with child predators and gambling. (0:39)
Next, Edwin talks about why candy maker Hershey could face long-term issues now that trendy competitor Feastables is steadily stealing market share and doing a better job of appealing to the younger generation. As he points out, most investors tend to be older and male, so there are often blind spots for companies catering to youth and female demographics. Edwin also makes his bearish case for the predatory fitness-center company Planet Fitness. With the Federal Trade Commission working to make canceling memberships easier, this is bound to hurt the stock. (24:12)
Finally, Edwin names several companies that are doomed thanks to the rise of artificial-intelligence technology. He highlights call-center businesses and tax-service providers in particular, but also warns of downstream effects. After, Edwin talks more about how he first got interested in the financial world, how he learned that the numbers don't matter if the underlying business is not sustainable, and how he picks which stocks to go long. (40:23)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by Austin Root. Austin is an old friend and the chief investment officer at Stansberry Asset Management ("SAM"). SAM is a separate company from Stansberry Research and MarketWise, but it was born with the same DNA. The difference is, SAM helps individual investors optimize their portfolios.
Austin kicks off the show by discussing his favorite moments from last week's Stansberry Conference & Alliance Meeting. After, he shares what his role is at SAM and how the company helps individual investors with financial planning. Austin explains that SAM's team of specialists will look at an investor's full balance sheet – not just the part SAM is managing – and then make a personalized plan from there using projections. He emphasizes that paying down expensive credit-card debt is the most important first step, and he breaks down how macro factors influence SAM's strategies. (0:46)
Next, Austin talks about why investors should be in productive assets rather than cash, why he sees gold as inferior to shares of world-class businesses, and how bitcoin can be a good long-term store of value. He also names two stocks he finds particularly attractive right now. The first is a financial company that is trading at a discount, is poised for double-digit revenue growth, and serves as an inflation hedge. The second is a construction-materials company with a fantastic shareholder yield of nearly 10%. (24:59)
Finally, Austin explains why investors should keep politics out of their portfolios for the long term. He says inflation is the one factor he always pays attention to and everything else is noise. Austin does note, though, that he has loaded up on defense stocks for the short term since geopolitical tensions are rising around the globe. But overall, he says both candidates want to spend like mad and will be bad for the economy in the long run. (45:29)
Disclosure: Stansberry Asset Management ("SAM") is a Registered Investment Adviser with the United States Securities and Exchange Commission. File number: 801-107061. Such registration does not imply any level of skill or training. Under no circumstances should this report or any information herein be construed as investment advice, or as an offer to sell or the solicitation of an offer to buy any securities or other financial instruments.
Stansberry & Associates Investment Research, LLC ("Stansberry Research") is not a current client or investor of SAM. SAM provides cash compensation to Stansberry Research for Stansberry Research's advisory client solicitation services for the benefit of SAM. Material conflicts of interest may exist due to Stansberry Research's economic interest in soliciting clients for SAM. Certain Stansberry Research personnel may also have limited rights and interests relating to one or more parent entities of SAM.
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On this week's Stansberry Investor Hour, Dan and Corey welcome Marc Chaikin back to the show. Marc is a Wall Street veteran with 50-plus years of total market experience. He's also the founder and CEO of our corporate affiliate, Chaikin Analytics. He joins the show to share some of his vast wisdom with listeners, from the hottest sectors around to why you shouldn't get spooked by all the volatility.
Marc kicks off the show by making his bullish case for the markets. However, he notes that this rising tide has not lifted all boats equally... He lists off several sectors that are particularly attractive to him today, plus a few he's staying away from. Marc also talks a bit about JPMorgan Chase CEO Jamie Dimon's prediction for a financial hurricane, the outlook for energy stocks, what's going on in China to make stocks so volatile, how the Federal Reserve has been doing, and the U.S.'s shift from a manufacturing economy to a service economy. (0:39)
Next, Marc emphasizes that the key to profiting as an investor is to avoid making broad economic predictions. He says that different sets of data can give you conflicting signals, so it's not worth your time trying to guess the unknowable future. Instead, you should pay attention only to momentum and earnings. Marc then criticizes financial reporting by the mainstream media, advises listeners to take advantage of current volatility rather than run from it, and highlights the bullish setups in nuclear and software stocks thanks to AI. (18:56)
Finally, Marc urges investors to not get bearish while the S&P 500 Index is having its best year since 1997. He points out that, as the dot-com mania showed us, the bull run can continue for several more years. As long as profit margins continue to rise, you want to be invested. He also explains how he uses his Power Gauge system to avoid doomed stocks. This leads to a conversation about Marc's new upcoming newsletter that will focus on what the "smart money" is buying and allow him to spot "pockets of strength." Plus, Marc weighs in on mining stocks. (38:38)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Jonathan Shaffner to the podcast. Jon is a retired U.S. Army colonel with 25 years of service who currently works as the director of federal business development at MBO Partners. MBO specializes in delivering solutions that make it safer and easier for enterprise organizations and top independent professionals to work together.
Jon kicks off the show by discussing NATO's increased presence in Europe, through the lens of his own military experience. He posits that modern wars are more ideology-based than previous ones. This leads to Jon talking about his years in Afghanistan and Iraq. After, he shares what MBO does and how it helps companies (especially in defense and health care) build better workforces. (1:00)
Next, Jon puts government spending into an investing context. He notes that through all the inefficiency and bloat, there are definite winners and losers of government contracts. He also breaks down his and MBO's involvement in helping to create value for the companies that have been awarded these contracts. Jon cites data usage as the biggest need he's seeing right now. Companies have massive amounts of data but don't know what to do with it or how to implement it. (23:05)
Finally, Jon talks about how MBO finds contractors, the possibility of it going public someday, and its research on the gig economy. He then explores what could happen with the two major ongoing wars affecting the U.S. today: Russia versus Ukraine and Israel versus Hamas. Jon predicts that the war in Ukraine will be over within 18 months, but he says the war in the Middle East is much more complicated thanks to the Houthis. (42:41)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Brendan Ahern to the
show. Brendan is the chief investment officer at asset manager KraneShares. The company
provides investors access to Chinese companies, climate investments, and uncorrelated
assets through exchange-traded funds.Brendan kicks off the show by describing the basics of KraneShares and its involvement in Chinese markets. He discusses the recent surge in Chinese stocks and gives context for what's driving it. As Brendan explains, the country is focused on stabilizing real estate prices and stimulating the broader economy. By lowering interest rates and announcing loads of subsidies that will benefit its citizens, the government can increase domestic consumption at a crucial time. (0:43)
Next, Brendan talks about China's negative reputation due to Western disinformation and
political rhetoric. As almost all U.S. investors are implicitly involved with China, and as the
majority of Western companies outsource to China, our economy depends on the foreign
nation. Brendan also discusses the influence U.S. investors have had on Chinese companies
in regard to corporate governance... billionaire hedge-fund manager David Tepper going all-in on China... and why he believes China won't invade Taiwan. (18:11)Finally, Brendan breaks down the growth prospects for China today and shares his thoughts on the U.S. moving to produce more semiconductors domestically. After, he discusses today's data-driven world and the new ways this data is collected by research firms. KraneShares is able to leverage this data in turn and be selective about which Chinese companies it gets involved with. As Brendan explains, cooperation with China is both important for investors' portfolio diversification and for a harmonious future. (37:12)
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On this week's Stansberry Investor Hour, Dan and Corey are joined by Bob Murphy. Bob is the chief economist at technology firm infineo, author of more than a dozen books, and a passionate advocate of free markets. He explores a wide variety of topics on this week's podcast, from how history is repeating itself... to the U.S. dollar's inevitable fall from dominance... to the harmful consequences of low interest rates.
Bob starts the show by explaining what exactly infineo does, how it's making life insurance an asset class, and the advantages of tokenizing life insurance. He also discusses one of his books, the Politically Incorrect Guide to the Great Depression and the New Deal. Even though the book is more than a decade old, and even though it's about the U.S. economy in the 1920s and 1930s, its lessons are still relevant in today's economic context. Bob notes that there's going to be a big crash no matter what. (1:13)
Next, Bob talks a bit about the presidential election, the effects of Donald Trump pulling out of the Paris Agreement, and the government's out-of-control spending problem. He predicts that the U.S. dollar will lose its status as the world reserve currency by the 2040s, and voices concerns that the U.S. is following China's lead toward a Big Brother police state with social credit scores. (19:57)
Finally, Bob shares his thoughts on the current state of the economy. He covers hyperinflation, Federal Reserve Chair Jerome Powell's actions, the inverted yield curve, and former Fed economist Claudia Sahm denying the validity of her own 100%-accurate recession indicator. Bob also talks about the harm caused by low interest rates and how they lead to malinvestment, allowing bad businesses to stay alive. (40:54)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Chris Pavese back to the show. Chris is the president and chief investment officer of Broyhill Asset Management. A value-oriented investment firm, Broyhill prioritizes safe, long-term success.
Chris kicks off the show by sharing a few book recommendations and explaining all about Broyhill. He covers how he got his start at the company, what differentiates it from other asset managers, and its core value-investing philosophy. As Chris notes, we've seen one of the longest stretches of value underperformance in history. However, Broyhill has kept pace with the S&P 500 Index over the past decade, despite not holding the "Magnificent Seven" tech stocks and half of the portfolio being in foreign markets. (0:43)
Next, Chris explains what closed-end funds are and why they see such major swings in sentiment. He also gives his macro outlook in regard to the Federal Reserve's rate cuts and what it means for the economy. Chris highlights the fact that today's market is one of the most concentrated in history. But as he points out, there are pockets of value in many areas, especially internationally. And despite all the geopolitical turmoil, he advises against abandoning equities completely. (19:59)
Finally, Chris discusses the importance of having a margin of safety and practicing common-sense risk management. He also mentions that the Biden administration is going hard with antitrust regulation and blocking a lot of deals, which is causing wide spreads in stock price when mergers and acquisitions are announced. Broyhill uses this merger-arbitrage strategy a fair amount to get easy money. Plus, Chris shares Broyhill's underwriting methods to gauge a business's intrinsic value. (40:08)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Pete Carmasino back to
the show. Pete is chief market strategist at our corporate affiliate Chaikin Analytics. He's also
editor of the Chaikin PowerTactics and Chaikin PowerTrader newsletters. With more than 25
years of experience in the financial-services industry, Pete joins the podcast to share some
of his wisdom on sector rotations, pullbacks, and the housing market.
Pete kicks off the show by talking about the Federal Reserve cutting interest rates,
unemployment ticking higher, and the difficulty bond managers are having with timing the
market. He also shares his thoughts on the Sahm Rule indicator, which says we're currently
in a recession. Pete believes that Fed Chair Jerome Powell will only do a 25-basis-point rate
cut, but that ultimately Japan will be the deciding factor in Powell's decision. This leads to a
conversation about sector rotation and which sectors are outperforming today. (0:43)
Next, Pete gives pointers on how to find investing opportunities within market rotations and
pullbacks. He explains that a lot of the sectors that are thriving today serve as bond proxies,
and a lot of the individual stocks that investors are flocking to are safe havens that pay high
dividends. After, Pete talks about the trend in oil and gas prices over the past two years and
how it has been influenced by the White House's efforts to refill the Strategic Petroleum
Reserve. (18:46)
Finally, Pete shares why he believes the housing market is on its way to reaching an
"equilibrium" between buyers and sellers. He says housing prices can stay high (benefiting
sellers) while interest-rate cuts will lower mortgages (benefiting buyers). Pete also cites
increases to the lifetime gift/estate tax exemption as a reason for the influx of competitive
all-cash housing transactions. (34:31) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Aaron Edelheit back to the
show. Aaron is the founder and CEO of private investment firm Mindset Capital. He joins the
podcast to talk about his investing philosophy... the importance of relieving mental stress...
and all things cannabis – from its "great replacement" of alcohol to its legalization in more
and more states.
Aaron begins with a story about how he received advice from the legendary Charlie Munger
on the "price of admission" of being an investor. He explains that this advice made him
reflect on his own strengths and realize that he wanted to exclusively do long-term investing
rather than trading. This leads to a conversation about investor psychology and mental
strain. Aaron shares a few tips for relieving the anxiety surrounding investing, from turning
off your phone and computer one day a week to doing hot yoga. (1:37)
Next, Aaron talks a bit about his investing background, his career path, and how he finds
opportunities where others aren't looking. Today, he believes the big opportunity is in
cannabis stocks. He explains that certain names in this industry are breaking out despite the
lack of federal reform. Aaron also drops a non-cannabis name that he's interested in and
gives an alternative perspective on value stocks. (22:44)
Finally, Aaron compares today's investing landscape with that of the 1990s. He shares that
there's much more financing of private companies today, which stops them from going
public for longer (if at all). After, Aaron makes his case for cannabis stocks. He believes that
they will eventually steal market share from drug companies and alcohol producers once
more people realize the benefits and switch over. (40:54) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Brody Mullins to the show. Brody is a Pulitzer Prize-winning investigative reporter and author of the new book The Wolves of K Street. He joins the podcast to share insights from his two-plus decades spent investigating the Washington political scene.
Brody kicks off the show by discussing his history reporting on antitrust regulation. He notes that recently, both major political parties in D.C. have become less friendly to Big Tech companies and are using antitrust regulation to slow their growth. After, Brody talks a bit about how he got started in journalism, the importance of holding those in power accountable, and why he has dedicated his life to investigating companies. (1:27)
Next, Brody shares some details about his book. He points out that for most of this country's history, companies had very little influence in Washington. Things only changed in the 1970s once the economy cratered and stagflation hit. Then, companies began to lobby in order to twist regulations and gain an advantage in the market. Brody also explains lobbying in simple terms, including how lobbyists raise money for members of Congress. He argues that legal loopholes and undisclosed funds to influence constituents have made companies nearly untouchable. (15:10)
Finally, Brody discusses why there's still hope for the American people to fight back. He explains that negative public perception about these big, powerful corporations (such as Amazon and Google parent Alphabet) has influenced antitrust regulators to begin taking action. He also talks about insider trading among members of Congress and emphasizes that all of these conflicts of interest are not limited to one party. (33:38)
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On this week's Stansberry Investor Hour, Dan and Corey welcome Greg Diamond back to the
show. Greg is a fellow analyst at Stansberry Research and editor of the trading advisory Ten
Stock Trader. With nearly two decades' worth of experience trading and managing every
asset class, Greg is an expert at technical analysis and interpreting market cycles.
Greg kicks things off by reviewing the inflection points he predicted last time he was on the
podcast. He explains what these time cycles mean and how they've influenced his trading
strategy this year. He also discusses the upcoming presidential election and how crucial it is
for investors to put aside their biases. According to Greg, the market's wider emotional
reactions to the election could present some fantastic buying opportunities. (0:55)
Next, Greg breaks down famed trader W.D. Gann's technical strategies into simple terms. He
emphasizes that the "why" in market cycles is not really important. What matters is whether
history is repeating or not. Greg warns of cycle inversions, however, and points out that
many charts and algorithms in technical analysis just reflect human emotion. Investors will
naturally reach different conclusions about the market, which creates volatility. (17:03)
Finally, Greg talks about short-term trading versus holding stocks for the long term. He
shares that this presidential election is the most excited he has been about trading since
2022. Greg foresees "an exceptional trading season" after a fairly boring start to the year.
And he hammers home that investors should be careful of increased volatility for the next
few months and possibly even the next few years. (39:41) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Bob Elliott back to the
show. Bob is the co-founder, chief investment officer, and CEO of Unlimited. The investment
firm uses machine learning to replicate the index returns of hedge funds, venture capital,
and private equity. Bob explores a wide range of topics in the podcast, from counteracting
inflation with certain investments to the worsening future of globalization.
Bob kicks off the show by talking about the importance of holding yourself accountable with
investing and about bonds in relation to the Federal Reserve's next moves. Many investors
are expecting an aggressive rate-cutting cycle, but as Bob points out, the Fed may not live
up to those expectations. He also discusses the flaws of the 60/40 portfolio in today's
market, why you should hold gold as part of your portfolio, and two primary factors that
could contribute to a long-term inflationary environment. (1:02)
Next, Bob explores ways to properly balance your portfolio to preserve wealth and minimize
volatility. This leads to a conversation about Treasury inflation-protected securities. Bob
describes why they're a better investment today than they were a few years ago and what
gives them an edge over nominal bonds. After, he discusses the supply-and-demand
imbalance in natural resources, oil's supply sensitivity versus precious metals, and the
green-energy movement. (20:57)
Finally, Bob makes his case for investing in natural resource companies and warns listeners
about roll costs when trading in the futures market. He then talks from a macro perspective
about productivity in relation to AI. As he explains, AI has not yet led to large productivity
advances like we saw with the advent of the personal computer. (37:58) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Brent Cook back to the
show. Brent is an economic geologist, as well as the founder and senior adviser of newsletter
company Exploration Insights. With more than 30 years of experience in property economics
and geology evaluations – spanning 60-plus countries – Brent has seen it all. He is one of the
most credible, successful, and knowledgeable mining-stock investors in the world. If you
invest in mining stocks, this episode is an absolute must-listen experience.Brent kicks off the show by discussing what's happening at Yellowstone and what he learned
from attending Rick Rule's mining conference. Brent warns investors to beware of mining
and exploration companies that are picking up old, "dead" projects and redrilling holes,
purely to bump up their share price and raise capital. After, Brent details a bit about his
career history and how he ended up in geology. (0:43)Next, Brent discusses what investors should look for when trying to find a mining company
worth buying. This includes the narrative of the broader economy, the risk profile, and
knowing what kinds of results you want to see from the company in terms of drill results. As
he explains, folks should seek high-margin companies with good management teams and
with deposits in friendly jurisdictions. He lists off several regions and countries that he
believes look promising today, plus some complications he has faced in the past. (19:21)Finally, Brent names a copper-mining company that he's interested in today. It has water
rights, no environmental liabilities, and a project that looks auspicious. He also shares a
gold-mining company he likes that's developing a very high-grade deposit in Australia. Brent
then explains the difference between mining and extracting gold and copper, and he makes
a bullish case for the red metal. (34:02) -
On this week's Stansberry Investor Hour, Dan and Corey welcome Rudi Fronk back to the
show. Rudi is the founder, chairman, and CEO of Seabridge Gold (SA). With more than 35
years of experience in the gold industry, Rudi is an expert in his field. He joins the podcast to
talk all about precious metals mining, future opportunities for gold and copper, and what
sets his company apart from the rest.
Rudi begins by giving a brief history of how he got into gold mining. He shares the reason he
started Seabridge with shareholder value in mind. He also breaks down some of the risks
involved in mining – including working in politically unstable countries – and why he'll never
build another mine again. After, he talks a bit about the technical aspects of drilling,
exploration, and the process behind estimating how much gold is in the ground. (1:14)
Next, Rudi discusses potential joint-venture opportunities with leading mining companies for
Seabridge's KSM property, mainly thanks to increased demand for copper. He also talks
about the importance of permitting, catalysts that could move Seabridge's share price
higher, offsetting share dilution, and early-stage projects that are in the works. And Rudi
makes his case for why gold is entering a new, interesting bull market. (16:55)
Finally, Rudi shares his opinion on bitcoin, talks further about soaring copper demand, and
delves into Seabridge's goal of giving back physical gold to investors. As he explains, the
KSM property is expected to produce more than 1 million ounces of gold per year for the first
33 years. And 35% to 49% of gold produced will be returned to the company. (33:56) - Show more
