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.
CEO and managing director of Vailshire Capital Management, LLC
NOTES & LINKS
1:32 – The Minneapolis City Council recently voted on an extremely controversial measure. What happens next? “If I were in Minneapolis, I would be worried about a surge in crime…”
5:20 – Amateur millennial traders everywhere have used their stimulus checks to speculate on stay-at-home stocks and companies most impacted by COVID-19. “I think it’s a bunch of people that have NO CLUE what they’re doing buying bankrupt stocks.”
13:15 – Robinhood traders winning big, $2,500 real estate deals, Barstool Sports Davey Day Trader… Are we nearing another top?
16:09 – Dan has a conversation with today’s guest, Dr. Jeff Ross, a radiologist who is also the founder and Managing Director of Vailshire Capital Management, a registered investment advisor based in Colorado Springs. His hedge fund, Vailshire Partners, has destroyed the returns of the S&P 500 this year.
18:30 – Jeff explains why he went from saying ‘all lives matter’ to ‘black lives matter’… “I think the rest of US culture would do well to actually sit down and listen to what they’re saying to see how we can change the system for the better.”
23:48 – Jeff shares what he’s most excited about investing in right now, “…I think that Bitcoin is going to be by far the best investment of the next decade.”
34:07 – “I would say the best thing I’ve learned as an investor, especially since starting Vailshire back in 2013, is to not make any investment decisions based on what I feel.”
39:25 – Dan asks Jeff to give the listeners one of his favorite stocks. Jeff delivers and even makes the bold claim their CEO could be the next Jeff Bezos.
42:30 – “As of yesterday, I was beating the S&P by 25%, I think I’m up 22% on the year while the market is down 3%.” Jeff gives us some details about his hedge fund.
48:27 – As the interview winds down, Jeff stresses to listeners that they need to be cautious investing in the markets as stocks continue to rip higher.
51:52 – Dan gets a little heated answering questions from listeners this week… Dan can’t you just give us the facts, not your opinion? 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?