Finding the Next Billion Dollar Unicorn with Kevin Landis

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

🗓️ 15 April 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Across the entire U.S. stock market, going all the way back to 1926, a small fraction of stocks are responsible for the lion's share of the market's gains.

Dan examines this phenomenon with a deep dive into the Bessembinder Study and comes away with a few key takeaways for individual investors trying to beat the market.

Then on this week's interview, Dan invites Kevin Landis onto the show.

Kevin was born and raised in Silicon Valley and has over 30 years of experience in market research, product management and investment in the technology sector.

And today, Kevin is the Chief Investment Officer at Firsthand Capital Management, an investment advisory firm he founded in 1994. He currently manages two technology sector mutual funds and a publicly traded venture capital fund.

Dan asks how Kevin and his firm were able to identify stocks like Roku, Twitter, SolarCity, and Yelp before they became the massive winners they are today...

The two also discuss how the current incentives in the asset management industry typically hurt your ability to make large gains... and how his firm works to break that mold.

And finally, the mailbag is filled with some great questions this week. One listener asks Dan an interesting question about Tesla that tests his value investing philosophy...

Then a listener writes in supporting the retail investors in GameStop, giving a different take on the situation. Is there more to this story than we've been told?

And another listener from Australia has some questions on gold's price lately and the potential of a top in the crypto markets...

Listen to Dan give his take on these topics and more on this week's episode.

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.
0:23.6	Here's your host, Dan Ferris.
0:25.6	Hello and welcome to the Stansberry Investor Hour.
0:28.6	I'm your host, Dan Ferris.
0:29.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Today we'll talk with Kevin Landis of firsthand capital management. It's a Silicon
0:40.4	Valley venture capital firm, and Kevin was born and raised in Silicon Valley. This should be
0:45.8	really interesting. This week in the mailbag, lots of good stuff, game stuff, Bitcoin, gold,
0:52.7	Tesla, and more.
1:00.8	In my opening rant this week, I'll talk about how hard it is to pick individual stocks one at a time,
1:05.0	including a look at the Bessimbinder study.
1:09.6	That and more right now in the Stansberry Investor hour a couple of weeks ago on episode 200 we
1:16.1	talked with Tucker walsh from polling capital that was a good interview if you haven't listened to it
1:21.0	he's a small cap guy and he gave us some good ideas think stocks he likes right now it was really
1:27.1	good interview if you haven't listened
1:28.3	to it. He instantly became like one of my go-to people in small-cap stocks, okay? And during that
1:36.3	interview, we talked about the small-cap effect, right? The small-cap effect is simply the small-cap
1:43.7	stocks tend to outperform big cap ones.
1:47.0	But you also might remember during the interview that we pointed out that that effect of outperformance,
1:54.8	that superior performance over large cap stocks, it's all attributable. A hundred percent of it is attributable to like five percent
	...

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