Stansberry Investor Hour

In this discussion, Nick Hodge, Editor of Underground Alpha and expert in natural resource investing, shares his journey from clean tech to mining investments. He forecasts gold soaring to $5,000–$6,000 within 12 to 18 months due to a surge in buyers and underownership. Nick dives into evaluating junior miners, distinguishing between paper miners and true operators, and reveals the U.S. scramble to reclaim critical mineral production from China. He also introduces Minehub, a tech solution enhancing mining data management.

Josh Brown, CEO of Ritholtz Wealth Management and a savvy market commentator, discusses his unconventional path into finance without formal economics training. He highlights the importance of trusting one’s investing instincts and shares lessons from interviewing investor legends like Peter Lynch. Josh examines today’s bull market, clarifying why it’s not like 1999 and how earnings drive growth. He addresses the risks of AI speculation and emphasizes taking investment risks earlier in life while stressing the need for work-life balance and employee welfare.

Adrian Fenty, the founding managing partner of MaC Venture Capital and former mayor of Washington, D.C., shares his journey from politics to VC. He discusses his early investments in education tech and the thrill of supporting technical founders. With insights into AI's impact on venture capital, he highlights the importance of backing bold ideas while navigating the challenges of quick exits. Adrian also emphasizes the need for better city governance, urging leaders to raise standards and focus on meaningful change.

Gabe Marshank, a senior analyst at Stansberry Research and editor of the Market Maven newsletter, shares insights from his hedge fund career, where he honed his analysis under investing titans. He critiques Apple's AI missteps, compares today's market to the dot-com boom, and warns about the risks facing Microsoft and AWS. Gabe emphasizes finding opportunities beyond tech, particularly in consumer discretionary sectors. He also discusses how understanding commodity supply dynamics can reveal investment edges in a shifting market. Expect to learn about the importance of knowing your investment style!

This week, Eric Fry, editor of Fry's Investment Report, shares insights from his experience with legendary publisher Jim Grant. He discusses his top-down investment strategy, focusing on industry leaders who have stumbled but still show promise. Eric dives into his investment horizon, the merits of long-dated options, and offers smart position sizing advice. He breaks down AI investment into builders, enablers, appliers, and survivors, emphasizing the latter for potential gains, highlighting stocks like Savers Value Village and Fevertree Mixers as strong contenders.

Whitney Tilson, an experienced investor and editor at Stansberry Research, shares insights on stock selection and market strategies. He discusses the importance of letting winners run and the lessons learned from missed opportunities, like Netflix. Whitney emphasizes distinguishing between quality growth and overhyped stocks while analyzing AI's impact on companies like Adobe and Salesforce. He explores the pitfalls of stock bubbles and fraudulent promotions, while offering wisdom on managing gains and building a balanced portfolio.

On this week's Stansberry Investor Hour, Dan and Corey are joined by Kevin Duffy. Kevin is the founder and editor of The Coffee Can Portfolio newsletter. He's also co-founder and principal of the investment-management firm Bearing Asset Management. Kevin kicks off the show by talking about The Coffee Can Portfolio, the investors who have inspired his work, and his outlook on some long-term secular trends, including fiat currencies. He explains that most trends today harken back to the American Revolution, as that was when centralization really began in the U.S. Kevin walks listeners through several key points in history that got us to where we are today. Plus, he explores the false beliefs of the dot-com boom, the market's current euphoria around AI, and the obvious threat to Nvidia that many investors are overlooking. (0:42) Next, Kevin dives deep on China. He discusses what he has learned by studying the country's stock market, why he's bullish on Chinese stocks, and the 50% discount that these stocks offer. Using Japan as an example, Kevin advises listeners to always question the popular economic narrative, as it can be completely wrong, especially at the end of major manias. He says the biggest culprits behind China's negative narrative today are the U.S. government and misplaced anger over worsening living standards. (18:45) Finally, Kevin talks about the flaws in modern economics and financial logic, the importance of educating oneself on economics and learning from past mistakes, and the future consequences of the U.S. isolating itself while the rest of the world comes together. He says there are still some stock opportunities in the U.S., but the best opportunities are in Asia. (37:14)

Marc Chaikin, founder of Chaikin Analytics and market veteran, shares his insights on the current investment landscape. He highlights why he's bullish through early next year, focusing on the benefits of potential Fed rate cuts for sectors like homebuilders and biotech. Chaikin discusses how the AI boom resembles the dot-com era, pointing out quieter beneficiaries across construction and engineering. He emphasizes the importance of small caps during market corrections and warns of mini-bubbles, while showcasing his Power Gauge system to pinpoint bullish stocks.

This week, Edwin Dorsey, founder of The Bear Cave newsletter, dives into corporate misconduct, focusing on companies vulnerable to AI disruption. He highlights Chegg's struggles against AI advancements and how lab-grown diamonds threaten traditional retailers like Signet. Edwin uncovers manipulative tactics used in the stock market, especially regarding troubled U.S.-listed Chinese companies, emphasizing the importance of investigative research and crowdsourcing evidence to combat scams. He also shares critical advice for safely shorting stocks.

On this week's Stansberry Investor Hour, Dan and Corey welcome Joel Litman back to the show. Joel is the founder and chief investment officer of our corporate affiliate Altimetry, where his team uses their Uniform Accounting system to look beyond the as-reported numbers in financial reports to see how companies are really performing. Joel kicks things off by discussing the resilience of the U.S. stock market, which has takenmany professional investors by surprise. He states that historically, tariffs have not been a tax on consumers, with exporters absorbing 50% to 60% of costs to maintain their market share. Joel also argues that the U.S. dollar continues to be strong and that despite recession woes, corporate credit shows the economy is persistent. (0:00) Next, Joel urges folks not to give in to the "fear of getting in" (the counterpart to the "fear of missing out"). Because investors are seeing new highs, they think they've missed out on buying in, but Joel says that's a mistake. Joel also shares his thoughts on the usage of AI and how many concerns over it replacing the entire workforce are unwarranted. Additionally, he says that the investment advice it provides is often incorrect and that is should be used as a supplement to research instead. (26:36) Finally, Joel reflects along with Dan and Corey on Nobel Prize-winning economist Eugene Fama and the scope of his knowledge. Joel also provides a brief explanation of what he and his team look for at Altimetry. And he provides a glimpse of some of his latest research.(45:41)