Dan opens up this week with an essential mental model all investors must master.  It’s a simple way to figure out where you’re most likely to succeed, in the stock market and in life.  Great financial minds like Warren Buffett, Andrew Carnegie and Ben Horowitz of Andreesen Horowitz have used this idea to achieve stunning success and enormous wealth.  In What’s New this week, you’ll see why the recently IPO’d Chinese company, Luckin Coffee, might not give Starbucks as much trouble as investors think.  We’ll also contemplate the recently reported “deaths” of both inflation and value investing.  We’ll finish up with a look at Whitney Tilson’s Tesla prediction… which is looking pretty good these days!

You’ve probably heard Warren Buffett say, “Be greedy when others are fearful and fearful when others are greedy.”  You probably never stepped back and realized that’s a model of how emotions affect the stock market.  In this week’s opening “Rant” segment, Dan shares with you his model of the basic emotional makeup of the stock market. It’s different than the Buffett model. Dan pulls evidence in from some interesting sources he’s been looking at recently, from physicist/quant investor Emanuel Derman and mathematician/author Steven Strogatz. 

It seems like a distant memory with May’s headwinds for markets, but technically the “Everything Rally” is back this year, with 90% of 70 financial classes showing gains through this spring. Of course, the market action of this week, leading up to the S&P 500’s nearly 1% on Thursday morning, calls the entire rally into question. Luckily, there’s a kind of insurance available for investors against this kind of market movement – and it actually gets cheaper when it’s needed most, like property insurance premiums falling right before a Category 5 hurricane hits. In this episode, Dan explains how he used to double his money last week after a bet that May would be a horrible month for markets paid off.

The past 10 years have taught us that the FAANG stocks – with Nvidia sometimes included in the mix – can do no wrong. After all, they’re the businesses with the greatest technologies, low capital expenditures, and visionary leaders. They’re seemingly ascendant over the big brand names, as Kraft-Heinz’s 27% drop in one day appears to reinforce. But in this hundredth episode of Stansberry Investor Hour, Dan explains why left-for-dead value investments could be about to have their day.

On a week where the S&P 500 hit an all-time closing high, Dan breaks down what it means for investors – continuing blue skies, or peak of a mania? Most of the time, he doesn’t care about the market’s valuations – except for two times. These special circumstances are rare. They come together less that 1% of the time. And as it happens, Dan has come across a major warning sign in today’s market valuations – something that comes on the heels of billionaire investor Ray Dalio’s recent report that corporate margins, which have propped up increasingly high market valuations, could come falling from right under them.

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.

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.

Every now and then, someone asks Dan about the apparent contradiction between his value investing philosophy, and his appreciation for gold in investors’ portfolios. After all, when the world’s most legendary value investor, Warren Buffett, publicly disdains gold – does it really have a place in value investors’ strategies? Dan explains why Buffett is right in one way – and then gets to the two scenarios where holding gold will make a life-changing difference for investors.

In a week in which IPOs are in full bloom – and with them, a $37 billion trap Dan’s warning to avoid – there’s plenty to break down. From the unprofitable Uber paying $1 billion to buy out a (still more unprofitable) competitor, to the ongoing circus at Tesla, Dan crunches the numbers to explain what’s really going on, and how much longer the facades could sustain themselves. We have a particularly special guest for this episode – a new name at Stansberry you probably haven’t heard of yet.

Today’s rant by Dan Ferris is about you – you and your investments. Hardly anyone will tell you this, he says, but investing is personal – it’s an extension of who you are. And before you buy one stock, or bond, or share of a mutual fund, there are questions you need to know the answers of concerning… you. Most people shouldn’t want anything at all to do with the stock market, because of their own beliefs and preferences. And big banks and Wall Street don’t want you to know investing is so personal – they want you to think there’s a one-size fits all formula to it. It’s total B.S. – and as Dan will show you, you can no more outsource investing your capital than you can outsource someone to digest your food. Of course, people like Dan can point you to helpful insights and “news you can use.” We’ve got a bit of that this week, as Dan breaks down the news of Tesla’s $20,000 deposits on its new semi truck, Apple’s game-changing streaming service, and Lyft’s looming $2.1 billion IPO.