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Here is your host, Dan Ferris.

Hello and welcome to another episode of the Stansbury Investor Hour.

I'm your host, Dan Ferris.

I'm also the editor of Extreme Value, a Value Investing newsletter published by

Stansberry Research.

Okay, today it's all me, folks, and I have a lot to say, so let's get to it.

I'm going to start with a little story, and stories are a big part of what we're going to talk

about today.

So there is a small village in the French Alps called Chamonis.

A local climbing guide in the area named Blaze Agresti tells the story of a man who climbed 9,000 feet up nearby Mont Blanc.

Part way up the mountain, there's a little shelter where climbers spend the night on their way to the top.

Just before he got there, the man in the story turned onto a fork in the trail that wasn't used very often,

and it took him up a gradually steepening and narrowing ridge. He then fell a thousand feet to his

death. Agresti, the guy telling the story, says 20,000 people use this same path every year. All you have to do is pay attention. There's no way you'll miss the story. He says 20,000 people use this same path every year. All you have to do is pay attention.

There's no way you'll miss the shelter. But he says the man had a small GPS device with him.

And Agresti thinks the man was probably paying way too much attention to the GPS and not enough to

his surroundings.

Agresti says, quote, if you're a mountain guide and you use only technology, you will die.

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