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.
chief investment officer and portfolio manager of Ariel’s international and global equity strategies.
NOTES & LINKS
1:31 – Dan shares his mixed feelings on the Coronavirus response, “I don’t think the government should be too deeply involved, however… when I look at the way people behave, I have to wonder about it…”
4:29 – Dan reads an internal memo from Dr. Eifrig about the Coronavirus that has been going around the inner circles at Stansberry Research.
15:10 – Dan isn’t the only Stansberry editor who is bullish on gold right now. Dan explains how Stansberry’s top traders are also excited about trading gold today.
17:34 – Dan has a conversation with today’s guest, Rupal Bhansali, Chief Investment Officer and Portfolio Manager at Ariel Investments where she manages over $6 billion in portfolios for both institutional and retail clients. She is also author of the book Nonconsensus Investing: Being Right When Everyone Else is Wrong. More recently, Rupal was named the 2019 North America Leadership Honoree by 100 other women in finance.
23:29 – Dan asks Rupal about her time working with George Soros… “The most important lesson I learned from Soros and the hedge fund world; it is that in order to enhance returns you actually must reduce risk. That is a paradox of investing that few people realize.”
32:02 – “How is ‘quality’ the mother of all mistakes?” Dan challenges Rupal on some of her unconventional opinions.
38:20 – Rupal shares a big name stock she thinks is extremely overvalued, plus a well-known but slightly boring company that is actually a hidden gem.
42:03 – Rupal and Dan discuss her book and the pitfalls and traps that befall many individual investors. “Frankly, a lot of people need to learn about how not to lose money.”
44:00 – Dan’s interview with Rupal winds down and she leaves the listeners with one final thought. “Investing is not about picking the hot stock… it is about avoiding the losers and the losses.”
46:30 – On this week’s episode of the mailbag… what’s the best way to invest in China? Or any other emerging market for that matter? Is it even possible to fight the Fed when they just keep pumping money into the market? What are your top must-read books for newer investors just getting started?