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Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 6 September 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of Extreme Value published by Stansberry Research.
0:14.1	Today we'll talk with my friend and former Stansberry research colleague, Austin Root. He is the chief investment officer over at
0:21.7	Stansbury Asset Management. We'll learn all about that. In the mailbag today, we have some
0:26.8	interesting questions. One of them is about the difference between a brand new product that my
0:32.4	friend and colleague Mike Barrett started up versus my newsletter Extreme Value, because they're
0:37.2	a bit similar, but they're
0:38.4	different.
0:38.9	And a few other things.
0:40.4	And remember, you can call our listener feedback line 800-381-2357.
0:45.5	Tell us what's on your mind and hear your voice on the show.
0:47.7	For my opening rant this week, I want to talk about a new paper by a guy named Jeremy Grantham
0:53.3	for a wonderful reason, that and more,
0:55.9	right now on the Stansberry Investor Hour.
1:03.5	So why do I want to talk about Jeremy Grantham's latest paper? Well, because he agrees with me,
1:09.2	of course. You may know Grantham is the co-founder of a fair
1:13.9	size money management firm. I think they actually do have about $100 billion under management
1:18.2	last time I checked, if I recall correctly. But it's, you know, ballpark somewhere around there.
1:24.6	And Grantham co-founded the firm, and he's done a really thorough study of
1:31.1	bubbles, asset bubbles. I think they've studied 33 of them at this point. I was trying to track
1:38.0	down the number, and I never found it on their website. But it's, you know, maybe a couple or a few
1:42.8	dozen. And he's separated this whole category of what he calls super bubbles.
1:49.4	I've been calling the mega bubbles.
	...

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