I Control The Stock Market

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

🗓️ 23 July 2020

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

When stocks are soaring and sports bloggers like Dave Portnoy of Barstool Sports and talking about how easy it is to make money in the stock market, it might be time to worry. Dan opens this week's episode by reminding listeners, "this is exactly what it sounds like at the top."

Then on this week's interview, Dan welcomes guest William Cohan on to the show. Will started his career as an investigative reporter for the Raleigh Times before eventually setting his sights on Wall Street. He quickly began a successful career as a mergers and acquisitions banker, eventually becoming a managing director at JPMorgan Chase.

Will and Dan discuss a wide range of topics including Will's latest book, The Last Tycoons: The Secret History of Lazard Frères & Co. Will says, "That's why I wanted to write this book... to share with people what it was like to work at this firm, which had this soaring reputation and was filled with, as you pointed out directly, Great Men but was utterly dysfunctional, utterly chaotic." Will gives Dan all of the fascinating details about what goes on behind the scenes at some of Wall Street's biggest firms.

And finally on the mailbag, one listener asks Dan... if inflation occurs and interest rates rise, could we see a period where real estate prices suffer? And another listener asks some in depth questions about asset swaps at the Fed.

Dan gives the listener a long and detailed answer here 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.
0:20.1	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:29.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Today we'll talk with William Cohen.
0:36.6	Cohan is the author of several books. Today we'll talk with William Cohen. Cohan is the author of several books.
0:39.8	Today we'll talk about The Last Tycoon, the secret history of Lazzard Freres and Company,
0:44.6	where he spent several years of his career. Huge high drama. It's really cool. You'll want to
0:51.3	stick around for it. This week in the mailbag, not a lot. Just two questions.
0:55.9	One about real estate and another one about the Federal Reserve and inflation. In my opening rant
1:01.4	this week, we'll talk about stocks, bonds, gold, silver, volatility, and the man who controls the stock
1:08.6	market. That and more right now on the Stansberry Investor Hour.
1:17.7	I control the stock market. No, I don't control the stock market. That's what Dave Portnoy,
1:24.4	this guy who apparently sold Barstool Sports, a sports website, I don't even know what it
1:30.5	does. I don't go there. I'm not a big sports guy. But he sold this thing for 400 million bucks,
1:34.7	and he's now fancies himself a stock market guru. He says he's making $50, $100,000 a day in the market.
1:43.0	He says, stocks always go up. Short sellers should be investigated by the
1:47.0	SEC. I mean, he's like, he's such a sign of the top. I can only direct you to his Twitter feed.
1:54.1	Dave Portnoy. Check it out. But he tweeted earlier this week, he's always saying things like, I got the stock market in my back pocket.
	...

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