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Stansberry Investor Hour

How to Avoid 98% of all Human Misery

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

4.4677 Ratings

🗓️ 10 June 2021

⏱️ 72 minutes

🧾️ Download transcript

Summary

This week, we're doing something that's never been done in the history of the Investor Hour podcast...

It's a two-part interview with two incredibly special guests.

The first is a new face to Investor Hour listeners. Berna Barshay is a rising star at Empire Financial Research, who in less than a year has already begun to make a name for herself with her email newsletter read every day by thousands.

 During their conversation, Berna shares her unique perspective that has helped her spot massive winners the rest of Wall Street hated, like Lululemon, up over 20x since going public.

She's even holding her own webinar for those who want to learn more about her unique strategy. You can find more info at www.empire2021.com.

The second guest is a remarkable man who started a hedge fund out of his Manhattan apartment which he grew to over $200 million...

He's appeared numerous times on national television where he has broken some of the biggest financial scandals in America... 

And he's even climbed Mount Kilimanjaro...

The one and only, Whitney Tilson...

Whitney joins Dan this week to talk about his latest book.

It's not a book on finance... Or a novel about his relationship with Charlie Munger or Warren Buffett... Or another one of the hundreds of books on working hard to become successful in life.

It's a book Whitney says is aimed toward his three daughters as they enter adulthood.

 Whitney's book The Art of Playing Defense: How to Get Ahead by Not Falling Behind is one of the few books that explores what to do once you become successful, detailing how to avoid the five most common calamities Whitney says cause 98% of human suffering.

It's a valuable conversation chocked full of fantastic advice for listeners of all ages.

If you're looking to strengthen the relationships in your life, this is an interview you don't want to miss. 

Listen to Dan's conversation with Whitney and more on this week's episode.

 

Transcript

Click on a timestamp to play from that location

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 not one guest but two. Empire Financial Research founder

0:40.5

Whitney Tilson will talk about his new book which is not about investing. Then we'll talk

0:45.1

with one of his top analysts, Bernard Barshay. I've been following her work for months

0:49.8

and I'm betting you'll be as impressed with her as I am. This week in the mailbag, we have questions about Hugh Hendry,

0:57.4

we have questions about the housing market and preferred shares and other things.

1:02.1

In my opening rant this week, you'll want to pay close attention if you have any money in index funds,

1:08.7

especially a Russell 2000 fund.

1:11.5

That and more right now on the Stansberry Investor Hour.

1:19.6

So why do you want to pay attention if you have money in a Russell 2000 index fund?

1:24.8

Well, we talked about this stock AMC theater, right? And or AMC entertainment

1:31.8

holdings. They own movie theaters. And it's been going absolutely nuts. And the valuation has been

1:37.1

up in the 20 billions, close to 30 billion. And higher. It's been higher than that. But it's one of these meme stocks. People get on

1:46.6

Reddit and they pump the thing up and it's just lost all relation to any fundamentals in the

1:53.7

company or in the industry to the point where when the management recently filed to sell some new

2:00.2

shares, they said exactly that in the

...

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