Event-Driven Investing

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 25 February 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Well, the market proved Dan right yet again.

ARK Investment Management, CEO Cathie Wood, and their ETFs lost three out of their 60 billion last week -- Dan knew from ARK’s ballistics charts that the stock seemed to be topping out.

While he applauds Cathie and her company for getting into the disruptive tech game in 2014, he knows that Tesla and Bitcoin (part of ARK’s ETF bundle) remain hot stocks that are way ahead of themselves -- and too easily swayed by an Elon Musk tweet.

Everyone wants to be in the market right now, but when stocks top out like this, Dan likens it to people contentedly queuing up for a Broadway show, only to be slaughtered once they get inside. Or, in other terms, be cautious right now, investors.

Dan’s guest this week is Yoav Sharon, a portfolio manager for the Driehaus Capital Management, in charge of investment research and securities selection. He boasts 16 years of industry experience and has been a senior member of Driehaus’ investment team for eight years.

Event-driven investment strategy is a topic Dan has never covered before on the show, so Yoav breaks it down for us: it’s a niche part of the market that takes advantage of company-specific catalysts. The following events would qualify: mergers and acquisitions, arbitrage, corporate restructuring, and complex business models like healthcare.

Yoav’s fund sees and seizes these moments, explaining that event-driven investing only goes to where the opportunity lies. This strategy provides a limited correlation to broader markets, less volatility, better performance, and capital preservation during drawdown periods. Yoav also reveals the critical markers to determine whether market events are worthwhile and shares a bevy of other alternative investing tips.

Listen to their conversation and much more on this week’s episode.

Your podcast host, Dan Ferris, recently went on-record saying: “If I had to put ALL my money in 1 stock – This Would be It.” Get the Full Story Here: https://orders.stansberryresearch.com/?cid=MKT519574&eid=MKT523099&encryptedSnaid=&snaid=&step=start

Also, check out a new episode of Stansberry’s podcast where politics and economics meet, American Consequences with Trish Regan.

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.0	Sign up for the free show archive at InvestorHour.com.
0:23.9	Here's your host, Dan Ferris.
0:26.4	Hello and welcome to the Stansberry Investor Hour.
0:28.9	I'm your host, Dan Ferris.
0:30.2	I'm also the editor of Extreme Value published
0:32.9	by Stansberry Research.
0:35.1	Before we get into today's episode,
0:37.1	don't forget Trish Regan is now a part of the
0:39.9	Stansberry family. Check out her podcast, American Consequences with Trish Regan. The link will be in the
0:46.2	description of this episode. Today, we will talk with Yoav Sharon of Dreehouse Capital.
0:54.6	Youav works on a fund that focuses totally on event-driven investing.
1:00.8	We have never talked about this.
1:02.8	I can't wait to talk about to this one guy who specializes in this thing we know nothing
1:08.1	about.
1:09.1	It's going to be awesome.
1:10.0	In the mailbag, we'll talk about Bitcoin, Bitcoin, Bitcoin, Gold, Zombies and Commodities.
1:15.8	In my opening rant this week, hey, I told you about Kathy Woods and Arc Investment Management,
1:20.6	and I was dead right, though admittedly very lucky on the timing.
1:24.6	We'll talk about that and more right now on the Stansberry Investor Hour.
1:33.3	So hey, look, I got lucky on timing, but I kind of called it a little bit here.
	...

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