Episode Archive

The global economy is facing a massive contraction, the U.S. economy is suffering, yet the market has bounced off the March 23 bottom. Is the recovery already underway? Are we out of the woods yet? The markets haven’t swung this much since October of 2008. But Dan reminds us that whenever there's volatility in the markets, there's great opportunity. Back in 2008, Dan picked one of the biggest winners in Stansberry Research history. It's all about spotting great businesses that are trading at incredible value. For this week's interview, Dan speaks with Mitchel Krause, founder of Otherside Asset Management. Otherside Asset Management is focused on giving investors valuable education on risk management in order to avoid the pitfalls that the vast majority of investors experience. He discusses his unique investment strategies that reduce your risk and have allowed him to outperform the majority of indexes out there. Dan and Mitchel discuss the leverage being applied to the system today, and how we're in unprecedented territory. That's why Mitchel recommends hedging yourself. And what about diversification? Is it smart? Are you actually hurting yourself? Mitchel and Dan tackle some commonsense investing ideas and debunk the safety of following the herd.

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 takes Dan back to 2001 and gives him some incredible in-depth details at the scandal. They also discuss what implications it had on the financial world, and the perplexing fact that collectively, we haven't seemed to fully learn our lesson from Enron. 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.

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. Porter has a big announcement for these questionable times. Click here to listen in.

On this week's episode, Dan opens up with what's on everyone's minds, the Coronavirus. He discusses its impact on our lives, the economy and how much has changed in such a short time. Dan even backtracks on something he said last week about the government. "I'm shocked at myself!" Then on this week's interview, Dan invites legendary speculator, bestselling author, and newsletter industry titan, Doug Casey, onto the show. Doug mince words about the current situation with the Coronavirus, "This is the start of the Greater Depression..." They also discuss Doug's bestselling book career and his upcoming book, Assassin. Plus, the two cover what they think you should do with your money today.

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. Also make sure you tune in to the emergency briefing Monday March 16th to help protect yourself from a further decline in the market click here

Dan called it. The Fed recently cut interest rates in response to the fears caused by the Coronavirus. But will lower interest rates make up for the economic slowdown the Coronavirus will likely have? Dan cautions against optimism in the market going forward. He then introduces this week’s guest, Gregory Zuckerman. Greg is a journalist for The Wall Street Journal, and is a three-time winner of the Gerald Loeb Award, the highest honor in business journalism. Zuckerman's new book, The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution, dives deep into one of the most well-kept secrets of the finance industry, Renaissance Technologies. Renaissance's Medallion Fund is widely considered the most successful hedge fund ever. The fund's success is so unprecedented that it is only open to current and past employees and their families. Dan and Greg talk about how the Medallion Fund was able to return 66% annually over a 30-year span from 1988 to 2018, what they do differently than everyone else, and how they keep their trading strategies a secret even to this day.

There's nothing like a global contagion to take the market down a bit. In this week's episode, Dan discusses the spread of the Coronavirus which is clearly a bigger threat than the markets were originally anticipating. What are the short-term and long-term implications of the virus on the global equities markets? How much worse will things get? Then Dan introduces today's guest, Dan Schum, who writes a blog nonamestocks.com. He shares stories of the best microcap and nanocap stocks he's found. Schum talks about the mental fortitude needed to watch a stock go down 90%, and the joys of watching others soar 8,000%. If you've ever been interested in trading some penny stocks with a small part of your portfolio, you'll love this week's episode.

Dan gives us an update on the handling of the Coronavirus by the Chinese government. Did they increase the risks by trying to cover it up? What are investors to do, if anything? He then introduces this week’s guest, David Collum, who is Professor and Chair of the Chemistry and Chemical Biology Department at Cornell University. David writes an annual "Year in Review." It's a macroeconomic assessment of the markets that is a must-read. Dan and David hit it off like old friends, discussing a wide variety of topics like the Coronavirus, the Fed, and the chance of an upcoming recession. They even do a deep dive on controversial topics like climate change and the Jeffrey Epstein story. David makes a stunning claim, calling the Epstein story, "the biggest story in American history..."

On this week's episode, Dan begins by revisiting the discussion he had with last week's guest, Raoul Pal... Raoul predicted that bonds were due for one more epic run up as the Federal Reserve cut interest rates. Will the Coronavirus inspire further rate cuts from the Fed? Dan also discusses how listeners in our feedback emails tend to worry about Fed policy and other macro issues. Dan's advice is to "stop worrying about the macro stuff or become a lot more interested in bonds." Later on, Dan welcomes new guest, Mark Minervini, of Minervini Private Access. Mark is one of the world's most successful stock traders on the planet and an international performance coach. Mark won the U.S. Investing Championship in 1997 with an astonishing 155% annual return.

The Coronavirus continues to spread, now with cases outside of China. Dan discusses how you can track the outbreak and begs the question "Is the situation worse than is being reported?" If so, how much worse? And how does that affect the global equities market? He then introduces this week’s guest, Raoul Pal. Raoul worked as a hedge fund manager at Goldman Sachs before retiring and founding RealVision. Raoul now also writes for the Global Macro Investor in an effort to advise institutions on their macro-investing strategy.

As the numbers for both infections and fatalities for the coronavirus continue to climb worldwide, Dan assesses the impact that a full-blown epidemic could have on markets, in ascending orders of magnitude. As in every crisis, some companies will be more affected than others – and that includes heavyweights like his recommendation of Starbucks, for reasons he goes over. He then introduces this week’s guest, Bryan Beach of Stansberry’s Venture Value. A former “Big 4” Auditor with a Bachelor’s and Masters degree in accounting, Bryan has a unique ability to sift through SEC filings, finding both opportunities and red flags.

Dan kicks off this episode with his thoughts on Apple and where it could go from its $1.4 trillion market cap. The first thing he’s noticed about Apple this year is that its earnings didn’t double in 2019, while revenues and net income both fell. Yet the stock market chose to raise its valuation from 13x earnings to 16s earnings. Dan then turns to a question posed to Stansberry editors –what's cheap and unpopular with investors right now– before turning to this week’s podcast guest. Meb Faber is a co-founder and chief investment officer of Cambria Investment Management, and host of The Meb Faber Show podcast. He has authored numerous white papers and leather-bound books, and graduated from UVA with a double major in Engineering Science and Biology.

In a week where Tesla’s $75/share price tear made history, Dan dissects the craziness of the headlines we’re seeing. Dan then provides research and historical perspective on growth darlings versus value investments before getting to this week’s interview. This episode’s interview is with Harris Kupperman, founder of the hedge fund Praetorian Capital, here to discuss two of his highest-conviction investing ideas today.

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!

Instead of the usual “predictions for 2020” being made in a host of financial-themed podcasts this year, Dan Ferris is doing something different to ring in the New Year. In this week’s episode, he gives his assessment of where the markets stand right now – what’s priced in, and what would surprise investors in 2020 in beyond. From an as-yet unforeseen market dip that sparks of a far bigger wave of panic selling, to the VIX, or “fear index” – here are the tea leaves you can read into – and biggest possible surprises to keep an eye out for – in 2020.

In our last broadcast 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. Even so – this episode isn’t dedicated to a year-end review of markets, which Dan notes just about everyone is doing now. Instead, it’s about reviewing the very best and most important episodes of Stansberry Investor Hour – including a few that have changed Dan’s life.

As signs of dangerous, unrestrained euphoria mount – including one Mitsubishi analyst publicly assuring investors this is a “zero-risk environment” Dan brings on a guest to this week’s show who is uniquely qualified to assess the hidden dangers of private equity-backed companies as Wall Street continues to gorge on private equity deals. Dan Rasmussen is the founder of Verdad Capital, who before that worked at Bain Capital and Bridgewater Associates. In 2017, he was named to the Forbes “30 under 30” list.

Add $120,000 bananas to the list of market top indicators, as Dan explains what’s behind the artwork mania that’s taking place alongside frothy stock market valuations – and a $12 trillion bond bubble that’s only a little less insane than its August 2019 peak. Dan then gets to other metrics that warn valuations are looking increasingly toppish, before explaining why, counterintuitively, reality may not catch up to investors and markets for a long while.

We have a very special interview segment this week – a “trader’s roundtable” with three Stansberry colleagues who have spent years trading stock options, here to show their strategies and takes on what 2020 could bring for investors. As every year winds down, it’s natural to reflect on how the market’s done for the last 12 months. But Dan says there are only two specific situations where it actually pays off – and now is one of the times to take a hard look at the overall stock market.

Dan starts out this week by continuing his discussion of share repurchases.  He’ll show you the man who put share repurchases on the map, investing legend Henry Singleton (1916-1999).  Singleton was an MIT-trained PhD engineer who liked to play chess without looking at the board, preferring to keep it all in his head.  Dan talks about the two things Singleton did to secure his reputation as a bona fide business genius.