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Stansberry Investor Hour

How to Value a Business

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

🗓️ 13 June 2019

⏱️ 76 minutes

🧾️ Download transcript

Summary

In this week’s episode, Extreme Value Editor Dan Ferris shares the two key concepts investors need to master to value a business, and why the most famous metric is, to him, totally meaningless. We also chat about Beyond Meat’s spectacular rise, and possible fall… and discuss a fear-mongering article from Bloomberg about the “fear gauge.” Fielder Capital Group CEO Frank Byrd stops by to share his fascinating story of major investing success, inspired by Warren Buffett.

Transcript

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0:00.0

Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the

0:06.1

Stansberry Investor Hour.

0:11.5

Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.

0:16.6

Sign up for the free show archive at Investor Hour.com.

0:20.2

Here is your host, Dan Ferris.

0:22.8

Hello and welcome to the Stansberry Investor Hour podcast. I'm your host, Dan Ferris.

0:27.9

I'm also the editor of Extreme Value, a value investing newsletter published by Stansberry

0:33.4

research. All right, let's do it. Time for the weekly rant. Okay. Now this week, I want to talk a

0:39.4

little bit about Father's Day, which is coming up. Not the day, really, just the man. My father,

0:45.8

Martin Ferris III, was born in 1925 in Baltimore, and he's still going strong. He'll be 94 in October.

0:57.7

And I saw my folks this last weekend.

1:05.0

I went up to the Split Rock Resort and the Poconos in Pennsylvania to celebrate my parents' 70th wedding anniversary. 70th. 70th. They honeymooned up there at Split Rock in 1949. The old Split Rock, she ain't what she used to be,

1:13.4

but that's off topic. We'll talk about that some other time maybe. But, you know, it was really

1:18.5

great to see them. And I just felt like relating a quick anecdote or two about dear old dad,

1:24.2

because I know I was impressed by the anecdote that I'm about to relate.

1:28.1

So my father's a lawyer and for the last couple decades of his career, he served as a

1:33.8

hearing officer, also referred to as an administrative judge for unemployment cases in the

1:40.2

state of Maryland. And I was born and raised in Maryland. And my father was born and raised

1:44.8

there, lived his whole life, still lives there. So many, many years ago when I was much younger than

1:49.1

today, I was waiting tables. And my car was, and I was living with my folks, which I did, you know,

1:54.9

three or four times off and on in my 20s. And I lived my folks at that time. So my father was kind enough to shuttle me back and forth a few times to work whenever it was too inconvenient to borrow the car.

2:05.8

And one night he's driving me home.

...

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