Don't Place all Your Chips on One Outcome

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 8 January 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dan and Corey begin the show by discussing Disney. They cover the company's ongoing
proxy battle with Nelson Peltz, its recent deal with activist investor ValueAct Capital, the
negative impacts of its "wokeism," the new Star Wars director's controversial past
comments, and whether the stock is worth buying today. (0:40)

Next, Jeff Muhlenkamp joins the conversation and gives his reaction to a "surprising" 2023.
Plus, he talks about what's in store for the markets this year, why it's unclear whether we're
headed for a recession or not since, and how you should structure your portfolio to protect
you no matter what happens. (26:23)

Then, Jeff explains what he learned from the great financial crisis in 2008 and how he applies
it to his investing strategy today. He gives investors advice on everything from keeping
some cash on hand to handling stocks that soar quickly. (35:40)

Lastly, Jeff discusses regional banking (44:00), two notable stock buys (46:47), and his
process for picking stocks (51:31). He details which metrics he looks at, why financial
newsletters are good places to look for ideas, and how to know when to exit a stock.

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris Report, both published by Stansberry Research.
0:10.7	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we interview value investor and portfolio manager Jeff Muellen camp.
0:19.0	And today, Corey and I will talk about a stock that has been around and around many times on many episodes of the podcast.
0:25.9	Disney.
0:27.0	And remember, if you want to ask us a question or tell us what's on your mind, email us at Feedback at InvestorHour.com.
0:33.1	That and more right now on the Stansbury Investor Hour.
0:41.0	Disney.
0:44.0	So let's see.
0:45.2	We broached this topic a few weeks ago with Border Stansberry, and we brought it up again,
0:52.3	more recently with Whitney Tilsen.
0:55.8	We may have mentioned it at another time.
0:58.9	I don't remember all the times we mentioned it.
1:00.4	But I remember those two.
1:02.4	We had a bit of discussion about it.
1:05.2	And a little news item about it caught my eye recently,
1:10.1	which is that one of the three
1:13.6	count them three activist investors who have gone after the company in the past a couple years
1:19.9	here made a deal with the company and the the firm that that made the is called Value Act. It was started by a pretty
1:28.8	famous value guy named Jeffrey Ubin. He stepped down and handed it over to his protege a year
1:35.0	or two ago. And I saw several good presentations over the years at the old value investing
1:39.8	conference that Whitney Tilson used to run of Jeffrey Oven. Always really a thoughtful
1:45.6	presenter. And the focus of the Firm Value Act was to kind of work with management behind
	...

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