Explorez tous les épisodes du podcast Stansberry Investor Hour

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)

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 Marc Chaikin back to the show. Marc is a 50-year Wall Street veteran and the founder of our corporate affiliate, Chaikin Analytics. He also created a popular Wall Street indicator that appears in every Bloomberg and Reuters terminal in the world.

Marc kicks off the show by describing why he's so bullish in this presidential-election year. He explains that we're now entering a "sweet spot" for the market, and if there are any election surprises, that would be even more reason to buy in. Marc also lists off some sectors that he's bullish on today, especially in mid-cap stocks. These areas of the market aren't making headlines, but they're seeing steady gains and present attractive buying opportunities. (1:38)

Next, Marc shares his thoughts on the current AI boom and compares it with the introduction of the Netscape web browser in 1995. He discusses profit margins versus valuations, the potential loss of jobs due to AI, and the usefulness of large language models like ChatGPT. According to Marc, there are companies across a variety of industry groups that are going to benefit from AI. Investors just have to find them. (15:45)

Lastly, Marc shares all the details about his newest, most personal newsletter service that will be launching soon. He explains that it's going to focus on finding "hidden gems" – mid-cap or small-cap stocks that are undiscovered but have great valuations. As Marc says, "The focus is prospecting for gold nuggets." With his custom Power Gauge system by his side, Marc is going to find hidden winners – in a range of sectors – that are set to profit from the AI revolution. (34:32)

Today's Stansberry Investor Hour guest is the man behind a theory that Dan says "scares the crap out of me when I think of foreign markets"...

We're thrilled to have Brent Johnson, the creator of the famous "dollar milkshake theory," on this week's episode.

A seasoned Wall Street veteran with decades of experience in finance and money management, Brent is currently the CEO of Puerto Rico-based Santiago Capital, a wealth management firm focusing on macroeconomic trends. 

Brent says most folks who have read or heard about his dollar milkshake theory think it's just about the U.S. dollar going higher. But he says there's more to this narrative... He explains how the Federal Reserve's switch to quantitative tightening is like a straw sucking up liquidity from markets worldwide – strengthening the dollar. And it's a story that he says is playing out right now, with a soaring greenback and other currencies in a tailspin...

After the global financial crisis, governments and monetary authorities around the world were forced to provide incredible amounts of liquidity... They created this big pool of liquidity, and they kept doubling down on it and doubling down on it...

The world mixed this big milkshake of liquidity and capital that needs to go somewhere. But as we get further into this, it's going to cause a global sovereign debt crisis because the debts have just gotten too big. A lot of that capital is going to flow into the U.S. dollar – or U.S. dollar assets – and deprive that liquidity to the rest of the world.

As the dollar gets stronger, that attracts more capital and it also puts more pressure on the rest of the world – which makes the U.S. even look more attractive on a relative basis and perpetuates more capital flows. The U.S. dollar is going to "drink the world's milkshake."

 With another clever analogy, Brent also explains just how much power the buck lends to America. There's a "rigged" poker game playing out where the U.S. has the upper hand – and it has the "biggest stack at the table" with its currency. If any of the other countries "wins a big hand and tries to leave," Uncle Sam's "guards" at the door – or the dollar's privilege as the world's reserve currency – are ready to rob them of their profits. However, he says that the greenback could eventually plummet and end up in the same trouble that other currencies are undergoing... ultimately leaving gold as the "last man standing" at the table.

 Brent also shares which of his favorite movies served as the inspiration for his theory. And his takeaway for surviving this challenging economic environment should resonate with longtime Investor Hour listeners... It's all about preparing for even the most unthinkable outcomes and building a well-diversified portfolio – or, as Dan always says, "Prepare, don't predict." And this time, Brent's cinematic muse is Lawrence of Arabia... 

Be prepared. Nothing is certain. "Nothing is written." Any of these ideas that you have that you think are absolutely foolproof, I would throw them in the trash can. Just open your eyes. Be ready for anything.

It has been just over two years since his last Stansberry Investor Hour appearance...

So today, we're honored to have Professor Joel Litman, Altimetry's chief investment strategist and founder, back on the show.

Joel's resume boasts top honors and achievements in finance and education. He's the president and CEO of Valens Research, chair of the Uniform Adjusted Financial Reporting Standards (or "Uniform Accounting") Advisory Council, a member of the Association of Certified Fraud Examiners, a certified public accountant, and a board member of a leading brokerage firm in Asia.

He's also a professor at Hult International Business School's top-ranked international MBA program and has taught at business schools worldwide – like Harvard Business School, the London Business School, and Shanghai Advanced Institute of Finance.

Joel's uncanny intuition is well-known in the world of finance... He called the 2008 crash and even accurately timed 2020's market bottom. And he starts today's episode by sharing one of his tools for success...

Understanding corporate credit and national country credit is the canary in the coal mine of any major equity bear market in history...

You always see corporate credit crises at the beginning of any massive long-term bear market.

Each month, Joel and his team apply Uniform Accounting to fix thousands of errors in companies' financial statements. This proprietary analysis gives investors the real story behind a company... and a clearer picture of its true profitability.

Joel's talent and passion for teaching shine as he breaks down the complicated topic of earnings reports' accounting standards. Plus, he and Dan discuss the current state of U.S. corporate credit, searching for the "perfect stock," the future of the dollar, and more.

For this week's Investor Hour, we're proud to bring you Jim Osman, founder and chief vision officer of consulting group The Edge.

A 30-year veteran of the markets and portfolio management, Jim founded The Edge in 2005. Currently headquartered in New York City and his native country of England, the firm provides actionable (and market-beating) research to institutional and individual investors. In addition to overseeing The Edge, Jim regularly contributes to the hedge funds and private-equity division at Forbes. He has also written for other big names in financial publications like Barron's, the Wall Street Journal, and Bloomberg.

At The Edge, he helps his clients uncover profitable investing opportunities by helping them hone both an analytical and a behavioral edge in investing...

On the analytical side, he focuses on special situations, which he defines as "unusual or atypical" events that drive stock prices. These catalysts can be external or internal. Spinoffs, in particular, are a great source of value plays, and Jim shares how he invests in them on the show.

On the behavioral side, Jim highlights that emotional investing and fear of missing out can be costly. But he says that by understanding your risk, there's a way to manage your emotions...

[It's] not even [about] 'curb the emotion,' because we all are emotional creatures. It's whether you can recognize it... You can recognize your emotion and handle that. Then your actual thesis will play out.

In today's interview, Jim takes a deep dive into managing risk analytically and behaviorally... and why he considers it the ultimate solution to investment success.

This week, we're excited to welcome back a familiar voice to Investor Hour: Austin Root, the chief investment officer of Stansberry Asset Management ("SAM"). 

It has been more than two years since Austin's last conversation with Dan. During that time, Austin left behind a storied career at Stansberry Research – as the director of research, director of corporate development, and the editor and portfolio manager of Portfolio Solutions – to join SAM, where he develops and manages investment strategies across all portfolios.

This year, investors have had to contend with a turbulent market. But Austin has done a stellar job of helping SAM clients navigate – and even outperform – these choppy markets. He shares some of his unusual strategies in today's interview but says his job isn't just about maintaining a great stock-picking record. Rather, it's about drilling down these "mission critical" basics that every investor should incorporate into their portfolio... 

Performing well is not just about identifying great stocks. More important than picking the stocks themselves is asset allocation, risk management, position sizing. These are all mission-critical aspects to investment success.

 Also in this week's interview, Austin recounts what it was like to work with some of the investment world's biggest celebrities – like Steve Cohen, Julian Robertson, and George Soros. Plus, he shares the top four qualities that he looks for in investments, his favorite book on value versus growth investing, and more.

This week's guest, Jeff Muhlenkamp – the lead portfolio manager of financial planner Muhlenkamp & Company – got a unique start in investing...

Jeff's background is impressive – 20 years of service in the U.S. Army, a Bachelor of Science in electrical engineering, a master's degree in organizational leadership, and a Chartered Financial Analyst designation. As a result, he brings the perfect blend of discipline, analytical prowess, and leadership to portfolio management.

Jeff's foray into investing shows just how resourceful he is... Back in 1988, when his father ran Muhlenkamp & Company, Jeff made his first investment there. He came up with the money by applying for a military car loan... then shrewdly using only a small portion to buy the cheapest car he could find and dedicating the remainder to launch a new career in investing. 

Today, Jeff prefers a measured, bottom-up approach when screening for opportunities. (One of his metrics happens to be in Dan's list of "Five Essential Financial Clues.") But he knows a well-rounded investor can't discount top-down considerations as well, like the No. 1 macroeconomic factor for U.S. investors to understand right now and the importance of market-cycle dynamics. 

And for his answer to Dan's "Final Question," Jeff leaves listeners with stunningly practical advice...

Don't risk money you can't afford to lose... At an individual level, where your decision-making starts is: How much do you make? How much do you spend? Are you saving money? And for what purpose?

Those sorts of strategic decisions in your life are going to be much more important than the kind of decisions you'll hear analysts and financial planners talk about.

We're excited to bring on a brand-new Stansberry Investor Hour guest this week – a name that Stansberry Research readers will undoubtedly recognize: Brett Eversole...

After working with Stansberry Research heavyweight Dr. Steve Sjuggerud for more than a decade, Brett is now the lead analyst for Steve's suite of publications. In True Wealth, Brett and his team help their readers uncover safe, alternative investments that are overlooked by Wall Street. In True Wealth Systems, they use advanced, proprietary software to amplify investor returns in every corner of the market.

And in True Wealth Real Estate, they scour the market for deals that combine the power of investing directly in private real estate with the ease of profiting from housing stocks. That's where Brett and Dan start this week's interview...

A slew of new data released just last week confirms that the housing sector is in a worsening tailspin. But as a contrarian, Brett says the masses have mistakenly "over extrapolated" this cooldown and that we're not, despite popular belief, in a 2000s-style bubble that's headed for a bust.

Housing is like water – it's at the bottom of Maslow's hierarchy of needs... Nobody panic-sells their house.

He explains why today's reality is far different from what most folks fear and that with the right data and analysis, you can even uncover ways to profit in the housing sector today.

As for the driving force behind this slowdown, inflation is another topic that Brett and Dan tackle. They discuss its history (like the "guns and butter" era Dan lived through), their outlook on interest rates, and the Federal Reserve "pivot" narrative.

Finally, you'll hear about a shared musical hobby between the two and how it intersects with finance. And Brett leaves listeners with advice on how to work smarter – and not harder – with tips on developing effective work habits.

This week, Dan welcomes back an Investor Hour favorite... Stansberry Research's resident cryptocurrency expert Eric Wade.

Eric is the editor of Crypto Capital, Crypto Cashflow, and the Stansberry Innovations Report. Before joining Stansberry, he was a successful investor, Internet entrepreneur, founder of an internationally renowned business, and a movie scriptwriter. His passion for cryptos started with mining bitcoin and Ethereum before moving on to other strategies within the sector that raked in multiple double-digit winners.

As Eric tells Dan, it's undeniable that we're in a crypto bear market, and there are "no bailouts, no mulligans, no do-overs" for this volatile, sometimes-unforgiving industry. But even amid the current "crypto winter," he has uncovered winning trades for his readers that boast double- and triple-digit yields...

"We look for the source of the yield. And what surprises a lot of people is that we're in a world where most of us expect that most yield comes from being the other side of someone else's transactions, someone else's debt... But in the crypto space, we've managed to monetize that..."

"Some of your yields can come from other people's mistakes. And that monetization, to me, that's what the blockchain/crypto industry has as a secret weapon. Any strategy or tactic that anybody has deployed in the financial industry – you can monetize it now."

On the show, Eric and Dan discuss this secret weapon and the unlikely places you can use it.

He also shares a quick lesson on crypto basics using easy-to-understand analogies for listeners who are new to crypto. He delves into Ethereum's potential future as a global currency rivaling the U.S. dollar. And he challenges our host to a spirited discussion surrounding Dan's long-held belief that crypto is just "speculative technology" that "doesn't feel like a currency or a store of value." (Spoiler: Eric says Dan is dead wrong.)

This week, we're honored to bring you the inspiring tale of Gautam Baid...

When Gautam first immigrated from India to the U.S. in 2015, he made ends meet by working a grueling graveyard shift as a hotel clerk. The nights were slow and long and monotonous. So Gautam passed the time by investing in himself. He voraciously read every finance and investment book he could get his hands on. As he tells Dan...

Even though it was a big challenge for me intellectually, physically, culturally, and emotionally, today, in hindsight, I highly value those days of my life because for the first time... I finally got some time for myself to read and learn...

This was the phase in my life during which I was about to realize the power of compounding knowledge.

Gautam used this knowledge to build an "intellectual foundation in investing." And in just a few years, he propelled himself from minimum-wage night shifts to a CFA charterholder, an internationally bestselling author, a feature in Morningstar Research's Learn From the Masters series, and the founder of his own investment firm, Stellar Wealth Partners India Fund. 

In this week's episode of the Stansberry Investor Hour, Gautam and Dan discuss his unique definition of value investing, his No. 1 strategy that works across different market cycles and macroeconomic environments, the one time he received praise directly from the Oracle of Omaha himself, and the fundamental power of investing in yourself...

The body is limited in ways that the mind is not. By the time most people are 40 years old, their bodies begin to deteriorate. But there is no limit to the amount of growth and development that the mind can sustain. Reading keeps our minds alive and growing... Books are truly life-changing.

This week, for the first time ever, Dan is featuring two guests on the show. Regular Investor Hour listeners should instantly recognize their names... Dr. David "Doc" Eifrig and Thomas Carroll. 

Doc is an MBA, former Wall Street trader, published author, and medical doctor. (Plus, he even owns a winery.) In the Stansberry Research universe, he's the editor of Retirement Millionaire, Retirement Trader, Income Intelligence, Advanced Options, and the Health & Wealth Bulletin.

 Tom was once named by Fortune magazine as the No. 1 health care analyst in the U.S. His research has been referenced by health care publications and institutional investors alike, along with CNBC, Bloomberg, and Fox Business. And Stansberry readers know him for his investment expertise in the emerging legal cannabis market.

In today's interview, Tom says health care is the most promising and important economic sector of the market right now...

Some people think it's a boring sector to invest in, but I think it's paramount for every investor – for anyone who takes a self-directed or a primary interest in how they're investing their money. They have to know and have some exposure to health care. It's a $4 trillion market that's only getting bigger. It goes up each and every year. 

That's why he and Doc recently joined forces with John Engel – a former biochemist and one of Stansberry's resident biotechnology experts – to launch a new research product, Prosperity Investor.

In this monthly advisory, the powerhouse team shares the best of the current industry stalwarts, next-generation medicine, emerging digital-health solutions, and much more.

On the show, Doc and Tom also share some of the biggest trends in the space. You'll hear about advancements in telemedicine, breakthrough research in immunology, and navigating the complexities in managed care.

Lastly, you won't want to miss the duo's final bit of advice for listeners... a nugget that Dan – once he removed his jaw from the floor – called "one of the best, most actionable answers ever given in the history of the show."

This week, Dan brings a fresh voice to the show: seasoned value investor Gary Mishuris. 

Gary is currently the managing partner and chief investment officer of Silver Ring Value Partners, an investment firm that focuses on long-term intrinsic value investing. He has more than two decades of portfolio and asset-management experience plus degrees in computer science and economics from the Massachusetts Institute of Technology ("MIT")... which is where he received the advice that shaped his career.

Gary used to make rookie investor mistakes – like losing his shirt after putting all his money into a hot stock that tanked. But when Warren Buffett came to speak at Gary's alma mater, his words put the ambitious young man on a path to learn value investing instead of "gambling around with tech stocks."

Today, Gary has his own priceless advice to share with our listeners, such as keeping a well-diversified and allocated portfolio. He warns against blindly chasing the price action and stubbornly allocating half of one's portfolio to the biggest position... 

I would say the goal there is to make sure that no one position can really sink the ship... It's good to have conviction, but you need to make sure that your process over time – which drives the outcome – is not in any one position.

But having conviction isn't entirely a terrible thing. As he explains, it's all about maintaining the "delicate balance"... 

You have to be sufficiently flexible to adjust to the reality of the changes but have sufficient conviction... [so] you don't fall to the market's pressure.

During their conversation, Dan and Gary delve deep into the common psychological pitfalls that can come with investing. Gary also discusses the importance of exercising caution by playing "behavioral defense" amid a sea of folks who too often rely on "behavioral offense." He even shares his proprietary "thesis tracker" – a unique way to evaluate the performance of every investment in your portfolio.

 Finally, Gary leaves us with the No. 1 trait he says every investor should have: humility...

You want to be humble in this business... Base your approach on humility and then work really hard from a position that you can be wrong a lot, and then build that being wrong into everything.

On this week's Stansberry Investor Hour, Dan and Corey welcome author Alex Epstein to the
show. Alex has written several books advocating for the use of fossil fuels, including his most
recent work, Fossil Future. The self-described "energy-freedom advocate" joins the podcast
to challenge the popular climate-change narrative and provide more context for the crucial
role fossil fuels play in society.

Alex kicks things off by weighing in on the debate around climate change and the effects of
fossil fuels. He argues that the benefits of using fossil fuels far outweigh the negatives and
that, in many cases, energy can be used to overcome any adverse effects. Alex also breaks
down the myth of unsustainability, the anti-human bias implicit in environmentalism, and
the incorrect belief that more folks die of climate-related catastrophes today than in the
past. (2:38)

Next, Alex discusses his impact with politicians and lawmakers. He explains that 200 major
political offices use his content to direct policy and become more informed on energy topics.
Alex then shares his opinion on climate change, pointing out that we're currently in a climate
renaissance and that the Earth has never been more livable for human beings. He brings up
geoengineering as a way to cool the climate, asserts that the negative environmental
impacts are severely overblown, and emphasizes the crucial role energy plays in the
economy. (21:30)

Finally, Alex talks about climate-change rhetoric dominating in elections, the harm that tech
companies have done by blatantly lying about being 100% renewable, and why humans
should take pride in the fact that we're progressing as a species and learning to use the
Earth in new ways. He puts the anti-impact perspective into both a philosophical and
historical context, noting that primitive religions believed "sinning" against nature had dire
consequences. (34:19)

This week, Dan welcomes a guest who he describes as "my style of investor"... Stansberry Venture Value editor Bryan Beach.

In his newsletter, Bryan hunts for gems in the beaten-down, hated microcap sector of the market. And no one does it better than Bryan... Thanks to years of creating and auditing financial reports for the "Big Four" and software companies, he has honed his talent for uncovering opportunities within the dense terrain of Securities and Exchange Commission ("SEC") filings.

Dan and Bryan delve into a conversation about special purpose acquisition companies ("SPACs") – a topic Bryan has been covering well before the 2021 bubble popped. And he has dug deep into the "SPAC scrap heap" to uncover a few diamonds in the rough, naming a few businesses on his radar, too.

Bryan also discusses another overvalued group of stocks that's a favorite of his – Software as a Service. Then, he scrutinizes the housing market, and Dan shares his "macro" point of view on the matter.

 Finally, Bryan urges listeners to keep an open mind when investing... and to not readily dismiss the speculative side of the market...

 "I encourage our readers to be thinking about all parts of their port. There's a time to go deep in microcaps and there's a time to avoid them altogether. And everyone's situation is a little bit different. That's what I think is important...

 Pull up and look down at your portfolio. Get out of the weeds and look down at your whole portfolio... There's some part of the market that you haven't thought about in a while that you probably should think about again."

Today's guest last joined Dan at the Investor Hour table when the world was in the throes of a newly declared pandemic. This time, he visits us amid rampant inflation... a newly declared bear market... and likely a nascent recession.

Doug is the founder of Casey Research and a prolific writer with several highly acclaimed books under his belt. His financial book Crisis Investing was a New York Times No. 1 bestseller for weeks, dethroning the works of heavyweights such as economist Milton Friedman, former President Richard Nixon, and astronomer Carl Sagan.

Doug isn't afraid to let loose on controversial topics like the Second Amendment and the police. And he doesn't mince words when it comes to Uncle Sam... 

I despise politics... Politics is actually institutionalized coercion. It's all about the government and who runs it. The government is an entity that holds a gun to your head – subtly or overtly – and tells you to do what you're told.

Increasingly, American life is revolving around the state, the government, and what it does... That's putting people at odds with each other. 

Thanks to Big Brother's excessive intervention throughout the years, Doug says, "The entire country has been greatly over-financialized... It's all going to come crashing down." He decries the U.S. Federal Reserve's heavy-handed plays and longs for a "stable, capitalist free market society."

And as for Dan's customary Final Question, Doug says rather than an "instant cosmic breakthrough," he'd like to leave listeners with a short-but-sweet, positive affirmation...

Don't sweat the small stuff... Just try to live an ethical life. Try to be happy, try to be mellow, and things will take care of themselves.

This week, Dan introduces a brand-new guest to Stansberry Investor Hour... But he's no stranger to Stansberry Research.

Dave Lashmet, colleague and editor of Stansberry Venture Technology, joins Dan for a fast-paced talk on innovation, technology, and, of course, investing. His Venture Technology service uses a "venture capitalist" investing approach and focuses on biotechnology firms. And according to Dan, Dave is "well known as a man who scours the Earth for great ideas," thanks to his boots-on-the-ground research and networking at countless conferences and meetings.

The two dive into Stansberry Research's history – including how founder Porter Stansberry actually hired Dave after meeting him in college... where Dave was Porter's professor. And Dave also regales Dan with tales of his former job as a self-described "mix between an engineer and a businessperson inside a tech company."

Dan also commends Dave for his recent recommendation to Venture Technology subscribers to sell their remaining stake in Nvidia (NVDA) for an eye-popping 1,400% return. And Dave gives an in-depth analysis of the biggest risks to the company, ranging from overseas geopolitical tensions to direct competitors like Intel (INTC). 

He also offers insights on the dichotomy between venture capitalists and "angel investors" and reveals exactly what he looks for in a company. Finally, he shares what investors should watch out for when researching prospective portfolio candidates.

Today, Dan welcomes first-time Investor Hour guest Steve Gorelik to the show. A 15-plus-year veteran of Firebird Management, Steve currently manages the Firebird U.S. Value Fund. And as a native Belarusian, there's no one better suited to manage Firebird's Eastern Europe and Russia funds as well. 

The big question Dan asks Steve is how he has been handling the funds amid the Russia-Ukraine war. Steve shares his thoughts on Russia's investment prospects and the ruble's volatility. And he explains that, surprisingly, many Eastern European companies present very robust investment opportunities – as long as the countries' macroeconomics look good. 

When it comes to doing the legwork on researching a prospective addition to your portfolio, Steve emphasizes that you shouldn't just look at how a company makes money... Seeing how a company spends its money is critically important, too. He also delves into the prospect he sees in a particular type of financial company. And finally, according to Steve, every investor should aim to hone this invaluable trait, especially in today's tumultuous market...

The number of people who are able to hold through a year like 2022... and then be afraid to get back into the market when things are bottomed out... it's the capacity to suffer. It's the capacity to take a loss and not be afraid of what's happening. It's the capacity of being able to do the hard thing and get rewarded for it because other people won't. And that's going to be a competitive advantage both in investing... and in life.

We're now in a bear market... But today's Stansberry Investor Hour episode won't focus on that.

Instead, Dan has a unique guest whose rousing words will be a respite from the recent market carnage. 

Vitaliy Katsenelson is the CEO of value-investing firm Investment Management Associates. He's the author of two books and an award-winning writer featured in publications like the Financial Times and Barron's. However, Vitaliy describes himself as a "student of life." And he has just released his third book, called Soul in the Game: The Art of a Meaningful Life.

As a classical-music lover, Vitaliy had a revelation when writing about the travails faced by some of his favorite composers during their own creative processes – from being compared with a former great to pioneering a piece that broke the rules. It's about learning how to push past the anxiety and forge your own path in life and investing...

In any profession, there's always going to be somebody who's considered to be the "greatest" whatever... It's so easy for us to just copy Warren Buffett. Instead, what we should be doing is we should be looking at how Warren Buffett is thinking. Also, we should not be afraid to think on our own...

You can look at the way Buffett invests, and you can actually build your own path.

The learning process can be complicated. But as Dan chimes in, "Things worth doing take time." He and Vitaliy also talk about the importance of repetition – whether it's rereading Nassim Taleb's book to unpeel its complicated layers or watching Pulp Fiction on repeat to understand the hype.

In this episode, Vitaliy also shares concepts from Soul in the Game, such as striking the right balance between art and craft in life. And he gives what might be the shortest answer ever (just two words!) to Dan's "Final Question."

It has been three years since Dan and Chris last spoke on our show. And needless to say, a lot has changed in the markets and the world since then – including a pandemic, war, and economic turmoil. As a seasoned industry veteran who has guided his clients through previous cataclysmic financial events, Chris has some advice to offer novice investors...

He explains the big mistake fledgling investors make is "chasing the most spectacular returns" and looking for advice from people or places that "put up great numbers in bull markets" while ignoring their performance during bear markets. After all, he says, "The most spectacular returns of 2021 are posting the most spectacular losses this year."

Chris and Dan both agree that focusing on finding value in a market environment like this one is your best bet. That's the kind of research Chris' firm Broyhill specializes in... like examining big mergers and acquisitions to look for gems and breezing past airline stocks – which Chris describes as "notoriously awful businesses with notoriously awful balance sheets" – in favor of an overlooked sector right next door.

Finally, Chris imparts some wisdom regarding investor behavior thanks to his many years of advising clients – including the psychology around the big topic of "when to sell." And he shares the one simple and absolutely essential, yet often overlooked, thing to do before investing in any public company.

As human beings, we always do the opposite of what we should be doing. We're always buying when we should be selling – when the stock has gone down. And we're selling when the stock has gone up... That's the time to lock yourself in and ride that wave to make as much profit as possible.

Keith uses the company's software during the episode to give a rundown of the best and worst sectors to be in right now, as well as several market big dogs. He also shares the No. 1 metric that investors should home in on when researching recession-proof companies.

And he regales Dan with tales of how much hate mail TradeSmith received when it warned subscribers early of the major market slumps in 2020 and 2022 (which, of course, came true).

Yes, they've gotten a lot of flak. But could there be something more to the "meme-stock mania" crowd? 

In this week's Investor Hour episode, host Dan Ferris welcomes WallStreetBets founder Jaime Rogozinski back to the show.

WallStreetBets is an infamous forum on social media site Reddit. The online community came to public attention in early 2021 when its denizens – often viewed as young, uneducated, and risk-hungry investors – crippled hedge funds by pumping up undeserving "dead stocks" like AMC Entertainment (AMC) and GameStop (GME).

In this week's interview, Jaime gives his eye-opening perspective on the 2021 mania, saying there's more to the story than the negative picture painted by the media...

It's a sophisticated way of doing risk awareness. But it's a conduit for people that start off in a risk-hungry environment and eventually move into a more responsible, traditional approach – but with a tremendous knowledge, I would say, even more so than the average person that starts off with lower-risk approaches.

Jaime also shares what he has learned about investor behavior from watching the action play out across the Reddit board...

When people go into the market and start off with a bunch of wins, it is very dangerous. It's much more dangerous than if they start off by losing money. And the reason why is because it kind of speeds up the learning curve. Somebody that loses money right away is forced to take a step back, slow things down, understand a little bit better, and not be so impulsive. Somebody that makes money without knowing what they're doing goes through these, kind of like, Dunning-Kruger effects... which basically is a way of saying people don't have the ability to measure their own abilities.

 He assuages Dan's curiosity on whether anyone from WallStreetBets has ever blamed him for their losses. And he shares stories of even meeting some of the members. Plus, Jaime's simple but sage answer to Dan's Investor Hour-standard "Final Question" will resound in your investing... and in your life.

As the threat of a recession looms, hunting for "forever businesses" while pruning portfolio losers at the right moment becomes critical for individual investors. The process can be overwhelming on your own. But TradeSmith's elegantly built trading software – the backbone of a product suite that offers everything from portfolio creation to management – distills all that complicated information into a simple, intuitive system. It's similar to what the professionals use, but it's engineered for the retail investor. 

In this week's interview, Keith explains how his company's proprietary technology strives to make investing less daunting, using easy-to-understand "stoplight system" volatility indicators and smart trailing stop alerts. After all...

As human beings, we always do the opposite of what we should be doing. We're always buying when we should be selling – when the stock has gone down. And we're selling when the stock has gone up... That's the time to lock yourself in and ride that wave to make as much profit as possible. 

Keith uses the company's software during the episode to give a rundown of the best and worst sectors to be in right now, as well as several market big dogs. He also shares the No. 1 metric that investors should home in on when researching recession-proof companies.

And he regales Dan with tales of how much hate mail TradeSmith received when it warned subscribers early of the major market slumps in 2020 and 2022 (which, of course, came true).

In this week's Investor Hour, Dan's going solo. Instead of the usual tête-à-tête with a guest (we'll return to this regularly scheduled format of our program next week, though), he wants to share something with his listeners that he recently hammered home in the Stansberry Digest...This is a bear market. I've been a fool not to think it. And I've been a fool not to say it to you. So let's consider that huge mistake fixed... I'll never make it again as long as I live. So for today's episode, Dan's coming straight to you, the listener, with his keen observations on the recent market action and his tips on what steps you can take to protect your portfolio. And to round out his assessment of today's bear market in equities, he's bringing on fellow colleague and resident cryptocurrency expert Eric Wade for a special commentary on the bear market in cryptos.

While this year has presented a difficult trading environment for everyone so far, Greg's Ten Stock Trader advisory has been making a killing. Its win rate stems from Greg's expertise in technical analysis – a strategy that relies on studying past market and human behavior to predict what's next. With nearly two decades of experience trading and managing multibillion-dollar portfolios across every asset class, Greg is well-versed in guiding his subscribers to profits... while also knowing when to sit back and be patient. 

But it's not just about technical analysis... Greg also underlines the importance of understanding the fundamentals of market behavior, inspired by his recent readings on legendary investor and trader Stanley Druckenmiller...

At the end of the day, follow the Fed. What's the Fed doing? Are they opening the spigot and releasing cash into the market? Or are they not?

So, what's Greg's secret to surviving – and thriving – in this rocky market while everyone else gets "whipsawed"?

Greg says it all boils down to making sure you have two crucial items in your trading toolkit, both of which have led his readers to consistently make money, regardless of what the market is doing. And he explains why he believes the popular notion of checking your emotions at the door before investing or trading is actually a misconception.

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague John Engel
to the podcast. John is the lead equity analyst on the Stansberry Innovations Report
newsletter, where he finds companies that are revolutionizing their respective industries
with cutting-edge technology. He also works on Prosperity Investor, a newsletter that
focuses on opportunities in the health care sector.

John kicks off the show by detailing the new Biosecure Act that's currently moving through
Congress. Its purpose is to limit China's access to U.S. biological information. As he explains,
this legislation is going to disrupt the industry, hurt biotech companies, and possibly even
bankrupt the smaller players. But, conversely, it's going to allow other contract development
and management organizations to replace Chinese ones, creating massive opportunities for
investors. John also shares how he got his start in the biotech field at a fermentation lab and
as a molecular biologist before shifting to the world of finance. (2:19)

Next, John talks about the pandemic, vaccines, and the current bear market in biotech. He
mentions one big story in biotech that he believes isn't getting enough attention – bispecific
antibodies. This development allows one drug to hit two targets, so patients no longer have
to receive two different drugs for treatment. This leads to a conversation about gene editing,
personalized medicine, and rare diseases. (22:01)

Finally, John delves into AI, Nvidia, and the "hype cycle" surrounding the technology. He
points out that companies are desperate to use AI to their advantage, but for many of them,
there's no use for it in their business. Plus, John discusses "advanced general intelligence,"
which involves systems that can reason like human beings. (42:27)

So, what does Tobias have to say about the slump we're in?

It's not really a question of where you think the market's going to go because you're invariably going to be wrong... The best return you're going to get is by being fully invested.

He says "names that can survive a nuclear winter" are the keys to surviving this bear market. To Tobias, that means focusing on deeply undervalued companies – ones that are buying back shares, are cheap, and are growing at a reasonable pace. He also breaks down the art of valuation – including his Acquirer's Multiple measure – and how to identify the right time to buy or sell.

Hugh founded the now-defunct Eclectica Asset Management in 2005. He rose to fame as the "Scottish hedge-fund king" when his fund returned 30%-plus during the throes of the financial crisis. He's also well-known for his outspoken remarks and contrarian views. One time, he even duked it out with a Nobel Prize-winning economist on television, asking, "Um, hello? Can I tell you about the real world?"

 These days, Hugh entertains a wide audience with his wit and energetic market commentary in his podcast, The Acid Capitalist.

Today's conversation begins with a bang, as Dan and Hugh tackle one of the biggest market headlines: the stock sell-off. Shares of "FAANG" giants like Netflix, Amazon, and Apple are tanking... And it's hard to see these behemoths – which were once among the best-performing tech companies in the world – as "risk free" businesses anymore. Instead, they could herald a recession. So, what does Hugh have to say on the matter?

It's going to be really long, but it's going to be entertaining. Wear comfortable clothing. 

He and Dan chat about several other topics, including inflation's grim march, Bill Hwang's multibillion-dollar fraud indictment, the "malevolent shadow of the Federal Reserve" behind high prices in oil and mining industries, and bitcoin as a risk-on versus risk-off asset.

No one is safe from Hugh's wisecracks – not even the ultrawealthy. In addition to financial topics, he shares his thoughts on Elon Musk's latest follies, the real reason Bill Gates and Jeff Bezos vacationed in St. Barts, and what he thinks of Johnny Depp's biggest purchase

Patrick Yip is a precious metals expert. He's the director of business development at APMEX, one of the largest online precious metals retailers in the U.S., as well as the manager of OneGold, APMEX's innovative investment platform for vaulted positions in gold, silver, and platinum.

And he says that in a market fraught with uncertainty like we're seeing today, it's especially important for conservative and speculative investors alike to consider adding precious metals to their portfolios...

If history repeats itself, inflation at its current rate could erode half of your wealth in nine years. No one knows what the future is going to give us. But if history repeats, precious metals are going to protect your wealth and maybe even increase your wealth.

Gold, he says, is perfect for those seeking extra portfolio protection during periods of high inflation. If metals rally like they did during the inflationary cycles of the 1960s and '70s, investors could see gold hit $5,000 in the next few years. That's more than 150% higher than today's prices.

And silver – what Dan teasingly calls the "meme stock of the metals world" – offers equal opportunity for investors willing to stomach a little more volatility. Right now, silver premiums are sky-high. But as Patrick discusses, it all boils down to simple supply-and-demand economics...

He walks listeners through each step of coin making's complicated process from mine to mint and pinpoints the exact spot in the supply chain that's "stressed the most" right now. And he unveils how his OneGold system offers a unique way to directly own silver while bypassing the high prices.

Finally, Patrick touches on what Dan calls "the elephant in the room" – another popular (though, very different) asset – and how it holds up to gold and silver in one's portfolio.

Wayne founded the investment advisory firm in 2011. Throughout his 25-year career, he has developed and refined his quantitative-trading methods, risk, and portfolio-management processes. A self-proclaimed "quant trader," Wayne uses advanced mathematics to help identify moneymaking opportunities in both good times and bad.

So in today's unforgiving market environment, he's a valuable guide for novice and veteran investors alike.

When asked to define himself as an investor, Wayne emphasizes how investing should be thought of as "trading your personality." You should invest in a way that aligns with how you see and understand the world...

What's funny to me is that people get really... rigorous about their view. If somebody, for example, is not very mathematical and they deeply believe in the fundamentals – understanding the company and talking to management and the whole other side of the world of investing – then I've seen, in that framework, them looking down on the quantitative side... like the two worlds have to be bifurcated...

Everybody's entitled to be who they are and trade that way. You're going to do better being yourself... Why do you have to speak or look badly at the way other people choose to express their personality in the markets?

Dan and Wayne dig deep into "familiar market signals," including how to best utilize them for your investing style. They also discuss the importance and influence of market bubbles, the pressures of news headlines on investing, and the need to explore and remain curious as a modern-day investor.

According to Dan, "There's something broken about the market." So this week on Stansberry Investor Hour, he invites seasoned geologist Brent Cook to break down the real opportunities in this highly complex industry.

Over his storied career, Brent has worked in more than 60 countries consulting on proposed mine sites. His knowledge spans all areas of the mining business, from the conception stage to detailed technical and financial modeling for mine development and production. In 2008, he founded the popular Exploration Insights newsletter and helped develop what is now one of the most invaluable tools in the industry, the Drill Hole Interval Calculator.

In other words, when Brent talks about mining and geology... we listen.

On this week's episode, Brent offers four key tips for uncovering the greatest mining and exploration stocks and reveals how he personally avoids "red flag" companies. As he wryly puts it...

You can screen out a bunch. You can pick up [on] the bullsh*t. If you want to wash your hands after you've shaken, that's a bad sign.

Mining, metals, and exploration companies can be extremely volatile and speculative. But they can also be rewarding for patient, long-term investors. So whether you've already tucked a junior miner away into your portfolio, you're eyeing a few metals companies, or you're just looking to get started, be sure to check out this week's episode.

For this week's episode of Stansberry Investor Hour, Dan Ferris welcomes back powerhouse guest Marc Chaikin, the founder, and CEO of Chaikin Analytics.

Marc is a 40-year Wall Street veteran who, more than a decade ago, developed a revolutionary investing tool called the Chaikin Power Gauge. It's an objective, quantitative system that simplifies the stock-picking process and levels the playing field between institutional and individual investors.

This week, Marc also shares some interesting tidbits about the Power Gauge's history, including when he showed the Nasdaq how his tool could "turbocharge" its three core indexes to yield double-digit outperformance. And at Dan's request, Marc gives his outlook on investing in technology stocks, along with a tip on the one quantitative measure that he uses to pick out the "cash-flow cows" from all the beaten-down tech stocks that litter the market.

He and Dan discuss everything from the stocks, commodities, and inflation concerns that are shaping today's financial environment to the cultural shifts caused by pandemic-accelerated digital revolution and Disney's employee walkout.

This week, Dan Ferris speaks with Herb Greenberg. A renowned investigative financial journalist and now the senior editor for Empire Financial Research, Herb has had a storied, 40-plus-year career in the financial markets. Herb discusses plans to launch a brand-new, long-only research service. He shares his process for empowering and educating the everyday investor, as well as what goes into researching the best companies for his readers. And in his answer to Dan's traditional Final Question, he describes one of the biggest changes he has made in his own life – a change that he urges all listeners to make as well: eliminate toxicity...

There's no one better suited for the topic at hand than him. The two chat about everything from how Venezuela and Iran could benefit from Russia's isolation... to how China might even have "the chance to become the geopolitical soft power it wants to be"... and to how it all might play out for "the ultimate dictator," Russian President Vladimir Putin.

Kim also shares two unique and pertinent investment ideas for these turbulent times

On this week's Stansberry Investor Hour, Dan and Corey welcome Dave Collum back to the
show. Dave is a professor of chemistry at Cornell University and associate editor of the
Journal of Organic Chemistry. He's outspoken about many topics and issues ranging from
finance to politics and everything in between. And he brings this same no-holds-barred
attitude to today's podcast. Dave starts off by discussing the link between vaccines and autism, why "live" attenuated vaccines are better than "dead" ones, and the effects of the COVID-19 vaccine. He specifically mentions how children in the U.S. receive about 72 vaccinations during
childhood, while children in Europe receive only three. He also argues that the war in
Ukraine is a direct result of NATO interfering and forcing Russian President Vladimir Putin's
hand. (5:31)

Next, Dave talks all about the U.S. government. He breaks down why the U.S. has never
supported burgeoning democracies abroad and why it's a better move geopolitically for the
country to work with a single leader or a select few in power. He compares President Joe
Biden with former President Donald Trump and asserts that Biden wouldn't be able to make
tough calls in a time of crisis. After, Dave makes his case for why we're headed for a 40-year
bear market that will drag down Americans' standard of living. (24:27)

Lastly, Dave contends that AI risks taking the human element out of everything, dampening
creativity, and cluttering scientific literature. He then discusses the role of pedophilia in geopolitics and the prevalence of child trafficking. And he leaves younger listeners with some sage financial advice. (45:39)

Dan and Corey close the show by discussing the Federal Reserve's preferred inflation gauge – the core personal consumption expenditures ("PCE") index. The newest core PCE data shows that inflation has stabilized at 2.8% for the past three readings. Even though this is down from much higher levels in 2022, Dan and Corey point out that everyday consumers are still struggling with far higher prices while their paychecks don't keep pace. (1:11:12)

In this week's episode of Stansberry Investor Hour, Dan speaks with Rob Arnott. When Rob talks, we listen. And right now, he's saying that the market cycle is turning from one predominated by growth to one predominated by value.

That presents an exceptional opportunity for the patient contrarian value investor. Rob discusses his two "core investment principles" and his forecast for out-of-control inflation (including a few "inflation fighter" places to consider putting your money today).

He also covers a proprietary definition of the term "bubble," what's going on with electric vehicles, the "best way to read the news," and much more.

Today, Dan talks with Peter Boockvar, the chief investment officer of $8 billion wealth-management firm Bleakley Financial Group.

As a top-down investor, Peter focuses on "bombed-out, value-type situations" that can be distilled into overarching investing themes.

One of the big themes Peter sees right now is a global, unstoppable force of people wanting to break out of their pandemic bubbles and travel. That doesn't mean he's long airlines. In fact, he cautions against such proven, cyclical money pits... instead preferring alternative plays on the travel industry, like hotels, casinos, or online travel agencies. 

This week, Dan Ferris talks with veteran journalist and Stansberry Research Media Anchor Daniela Cambone

Daniela has covered the financial markets for more than a decade. In that time, she has interviewed such high-profile figures as Congressman Newt Gingrich, Economic Advisor Stephen Moore, and investors like Mark Cuban, Jim Rogers, and Steve Forbes.

And as she discusses on the show, her work has given her a truly unique perspective into the distinct, recurring themes that leading financial minds are seeing right now in inflation, hard assets, the stock market...

At the current rate of 7%, inflation hasn't been this high since 1982. And Daniela suspects that, in actuality, inflation is "running way higher" than the U.S. Federal Reserve wants to admit.

"I don't buy the 7% narrative at all," she says. "At one point, the Fed is going to have to act more aggressively [than they currently are if] they don't want the beast to get out of hand."

In this kind of uncertain environment, Daniela encourages everyone to educate themselves and take control of their own financial freedom by holding assets unloved by the mainstream media... by focusing on long-term investing, gold-mining stocks, or crypto... and most importantly, by educating themselves.

"We are in unprecedented times," she ends by saying. "Now, more than ever, you have to educate yourself. Don't count on the banking system or on whatever your neighbor's doing. Do it for yourself. Do it for your family. Do it for your legacy."

This week, Dan Ferris welcomes back to the show stock-picking expert Matt McCall. Matt has two decades of experience in finance and has made some incredible thousand-percent gains in his career.

And because Matt believes in buying and holding for the long haul, this month's stomach-churning stock volatility didn't faze him... Matt says too often folks "hit the sell button too quickly... and panic selling doesn’t work in the long run."

He reminds listeners that market corrections are natural and inevitable, and smart investors should use these pullbacks as opportunities to buy. Matt still believes in his Roaring 2020s thesis – that the coming decade will be the best years for investing that we've seen yet – but recessions and drawdowns are absolutely a part of it.

Dan and Matt talk technology, one of Matt's cornerstone investing themes. He's still bullish on electric vehicles and Tesla, a company he calls a leader in the industry and sites the current downtrend in these stocks as a great time to get in.

They also discuss 3D printing, something Matt is really excited about, and he says that "by the end of the decade, it could be a trillion-dollar industry." Almost every sector can utilize 3D printing – housing, automobiles, medicine, aerospace ­– and it's an area most investing folks aren’t even looking at yet.

Matt joined Stansberry Research last year, and his subscribers have already achieved impressive gains. And he believes this 3D printing trend is a massive opportunity brewing beneath the surface right now, one that can help investors make a small fortune... projecting 1,000% long-term potential. Click here for all the details and to find out how you can access his recommendations.

The current tensions between Russia and Ukraine have been all over the news… perhaps even contributing to this week's big market sell-off.

But Dan Ferris' guest this week on Stansberry Investor Hour has some reassuring words for any concerned listeners: You can relax. 

Dan sits down with one of his favorite guests -- geopolitical expert Marko Papic, who is the Partner and Chief Strategist at an alternative investment asset management firm. Marko is Dan's "No. 1 macro guy" and specializes in geopolitics, macroeconomics, and markets. And Marko says it's life as usual right now for folks in Ukraine, and the media noise surrounding the possibility of war is just over-done news hype… 

Marko clarifies that if a war does happen, yes of course there would be global and market implications. But for right now, it’s just a local regional issue being sensationalized by the media.

They also discuss inflation, which Marko says will continue to be an issue. He reminds everyone "This isn't the 1970s…" and that regular folks today "don’t have the stomach for a real recession" needed to fight inflation.   

Dan plays a bit of devil's advocate with him about commodities and emerging markets investing, which Marko says is his No. 1 capital allocation idea right now. Despite this being a contrarian idea, he tells Dan that "commodity-linked plays should pay off in 2022."

They touch on COVID's continuing effect on the markets, as well as value-growth trades. Plus, don’t miss Dan's opening rant about this week's "flash crash." 

This week on Stansberry Investor Hour, Dan Ferris sits down with Egon von Greyerz, Founder and Managing Partner of Matterhorn Asset Management AG. Egon, whose company specializes in wealth preservation, has been a gold bug for decades. He and Dan talk about how gold is the No. 1 hedge against inflation and market chaos.

Egon says “gold is the best instrument you could ever buy to ensure your wealth.” And holding gold will protect you from the coming consequences of our current massive market bubble... created and fueled by the Federal Reserve’s unlimited money printing and our highest inflation rate in decades.

Unfortunately, Egon predicts that the impending “wealth destruction will be massive.” And the folks who think the Fed is going to swoop in and save the system again this next crash are wrong... Egon says that there are “tough times ahead,” but this makes wealth preservation, which includes holding gold, even more crucial. 

Dan and Egon also discuss bitcoin, as many have asked if gold will be replaced by the popular cryptocurrency. Egon is confident that will never happen, and makes the bold prediction that “bitcoin won’t still be around in 50 years.” He goes on to say that bitcoin “will always be a fringe investment”... and that “it’s not real money.”

Lastly, Dan asks every guest the same last question: “If you can leave our listeners with only one last thought, what would it be?” And Egon’s answer won’t disappoint... Dan says his response is one of the best he’s ever heard.

Listen to this episode for even more fascinating conversations about gold and our economy, plus check out Dan’s rant on exactly who’s in charge of the stock market…

This week on the show Dan sits down with Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence. Mike has more than 25 years experience in futures and commodities trading beginning at the Chicago Board of Trade.

Mike claims "the game is over"… The Federal Reserve will continue to tighten until the stock market goes down. We're long overdue for a correction, and this country's inflation is at its highest rate in 40 years. The Fed will take away the punch bowl, and guess what will come out ahead as a result? Cryptos...

Dan and Mike dive into bitcoin, which Mike says is the "least risky" crypto out there. He explains that bitcoin is still in its price-discovery stage, steadily gaining adoption in a world that’s going digital. Bitcoin is currently our benchmark digital currency – well on its way to becoming the global digital collateral.

We've got former portfolio manager and current editor of Ten Stock Trader, Greg Diamond, on the podcast this week. Greg has almost two decades of experience managing multimillion-dollar portfolios across every asset class. He uses his expert technical analysis to decipher the behaviors and patterns of the market.

Greg offers insights on the future of the S&P 500, the Dow, and the Nasdaq heading into 2022. Importantly, Greg warns that a huge wave of volatility is coming in the next few months. He's holding a special webinar next week on January 13 about this approaching market shake-up. You can find out more at messagefromgreg.com.  

Greg and Dan also discuss how to apply technical analysis to rising interest rates and how we can leverage historic market data to best understand the future of inflation. They walk through the importance of risk management and how to incorporate those principles into your daily investing approach for a sounder strategy.

After the interview, stay tuned for Dan's musings on the crypto market, specifically his reactions to people questioning if it has any real utility in the world.

As 2021 draws to a close, it's time to look back and reflect on an incredibly eventful year in the markets...

But we're not just doing a simple year in review.

 We've decided to revisit some of our favorite interviews of the year and compile the very best excerpts, just for you...

Dan recaps some amazing lessons from thinkers like Chris Camillo (Episode #192), Eric Wade (Episode #216), George Gilder (Episode #218), Bill Bonner (Episode #225), and Jaime Rogozinski (Episode #230)...

You'll hear some big ideas, unbelievable stories, and some truly deep insights from some of the smartest folks anywhere in the world...

It's the one episode this year you DEFINITELY don't want to miss.

 Listen to some of the most influential Investor Hour interviews of the year on this week’s episode.

This week, Dan invites one of the most respected healthcare analysts anywhere in the world onto the show...

His work has been featured in The Wall Street Journal, Bloomberg, The Financial Times, Kiplinger, CBS, and USA Today – just to name a few.

In fact, he was previously ranked by Fortune Magazine as the #1 Healthcare analyst in the U.S.

And today, he's here to talk about one of the best value plays anywhere in the stock market.

The one and only Tom Carroll.

Tom knows the healthcare industry landscape as well as anyone. In fact, that's what led him to start his newsletter with Stansberry Research, Cannabis Capitalist.

According to Tom, nationwide federal legalization of cannabis is inevitable. It's a matter of when and not if, which gives investors an incredible opportunity right now...

You can get into these stocks at a better value than you could one year ago... but today many of these companies have better revenues, earnings, and balance sheets than ever before...

Tom says if you ignore this opportunity, you'll likely come to regret it...

Plus, he even shares the name and ticker symbol of THREE of his favorite cannabis stocks that he's recommended to his readers...

If you've considered entering the cannabis space, but weren't sure the best way to go about it, this is an episode you don't want to miss...

On this week's Stansberry Investor Hour, Dan and Corey are joined by Chris DeMuth Jr. Chris is a co-founder and managing partner of hedge fund Rangeley Capital. He invests in
mispriced securities with limited downside and corporate events that unlock value for shareholders. Chris kicks things off by explaining what event-driven investing is, how he uses it, and how
the concept of "counterparty selection" is involved. He also breaks down what demutualization and remutualization are and how there are numerous opportunities in the banking sector today to deploy these strategies. According to Chris, many small-cap
community banks out there are attractive in terms of valuation versus large caps. (3:11)

Next, Chris describes the U.S. Treasury Department's "inept, corrupt, and profligate" Emergency Capital Investment Program ("ECIP"). He gives two in-depth examples of ECIP bank stocks that were trading for far less than they were worth – Bay Community Bancorp and Ponce Financial. And he discusses why investors who got in early enough will profit from them greatly. (16:03)

Lastly, Chris names three stocks that he's excited about right now and details the specifics of each one. The first is a tax-efficient real estate and financial-services conglomerate trading at a discount to its asset value. The second is a Russian-owned mining company operating in Venezuela that should soon benefit from litigation against the Venezuelan government. And the final one is a hospice provider with a lot of potential for a private-equity shake-up and then subsequent acquisition by a larger health care company. Plus, you won't want to miss Chris' answer to the final question, where he explains how you can gain an edge as an investor simply by researching topics you're genuinely interested in. (29:44)

Dan and Corey close the show by discussing Nvidia's recent blowout earnings, including its 262% revenue gain. Since the company provides the "picks and shovels" of AI, it's benefiting
massively from the boom in this space. This leads Dan and Corey to compare AI stocks with Internet stocks during the dot-com bubble, speculate on what could happen next, and
explore the disconnect between the markets and the economy. (57:56)

If you're worried about inflation, you're not alone...

The Consumer Price Index for November just hit a 22-year high... and the Producer Price Index increased at its highest rate ever.

Now many folks are looking to juice the returns in their portfolio to make up the difference...

But when it comes to trading stocks, the truth is that majority of retail investors end up getting burned...

But that doesn't mean it can't be done successfully...

To show us how it's done, Dan invites the legendary trader Todd "Bubba" Horwitz onto the show... When it comes to trading, few men on Earth can match Bubba's resume.

In 1980, he was one of the original market makers in the SPX Trading Pit at the Chicago Board of Options Exchange, where he remains a member today...

When it comes to trading in insane markets like we have today, Bubba has seen it all. He's been at it for over 40 years and has developed a bit of a cult-like following...

Bubba even does live trading with his followers. You can follow along as he trades his actual money, and mimic his trades, if you so choose. For more info, visit www.BubbaTrading.com...

If you've ever been curious about how to trade stocks safely, this is a conversation you don't want to miss...

This week, Dan encourages listeners to learn to look where others aren't looking...

And invest where others aren't investing... 

Avoid things like gambling on-call options... and instead, look to buy real assets when you see them at attractive values.

This week, Dan invites Garrett Goggin onto the show to discuss an industry he says is one of the best values anywhere in the market today.

Garrett began his career on the New York Stock Exchange where he worked right on the floor executing trades.  

He has worked alongside John Doody, as his right-hand man and analyst for Gold Stock Analyst and Silver Stock Analyst.

 Over the past 5 years, Garrett's Silver Stock Analyst Fave 5 portfolio has had incredible results... up 401.3% for an average of 45.2% per year. 

So when it comes to finding opportunities in silver, there's no one you'd rather have by your side than Garrett.

Dan and Garrett talk about why silver is priced so low today, how government policies are affecting the industry, and what's the best way to play the upcoming silver bull market he's predicting.

Garrett even gives the names of a few of his favorite silver stocks that he typically reserves for his paid subscribers...

If you've ever thought about adding some precious metals to your portfolio, this is a conversation you won't want to miss.

If you've ever wondered how Dan finds recommendations for his Extreme Value newsletter, today is your lucky day... 

Because this week, Dan is letting Investor Hour listeners peek behind the curtain to hear from one of his closest colleagues.

 He's the senior analyst for Extreme Value, the one, and only Mike Barrett.

Mike uses decades of cash flow modeling and valuation expertise to help identify some of the highest upside stocks anywhere in the market.

In fact, Dan says that Mike is the real brains behind many of Stansberry Research's top recommendations...

Like when Mike showed his readers how to make 20X their money in just 7 months on a small biotech company treating Alzheimer's disease...

Or how to make up to 19X their money in just over a year and a half, with a small California firm of only 76 employees...

Or the time he showed his followers how to make 9X their money in 6 months on a company fighting COVID-19...

 The truth is, he's one of Stansberry Research's best-kept secrets...

But that's not likely to last much longer...

Because now Mike is stepping forward to reveal his new 5-Step approach that he's developed to identify many of these massive 10X winners.

He's written a new special report with 10 different new stocks with 10X potential, that have NEVER been covered by anyone at Stansberry Research. You can learn more at  www.MikeMessage.com.

If you're looking to add a boost to your portfolio, this is a conversation you don't want to miss.

P.S.     If you're interested in hearing more about some of Mike's biggest winners, he's giving away all the details on it right here, and it's 100% free to attend. To learn more, visit www.MikeMessage.com