Is Blockchain the Biggest Wealth-Creation Opportunity?

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

🗓️ 30 May 2019

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week’s podcast, Extreme Value Editor Dan Ferris discusses the recent and future volatility in the markets. Our guest, Mark Yusko is the CEO of Morgan Creek Capital and the managed investments for major schools like the University of North Carolina and Notre Dame. Yusko is very bullish on Bitcoin and suggests blockchain technology is the biggest wealth-creation opportunity he’s ever seen in his career.

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.
0:22.5	Hello and welcome to another episode of the Stansberry Investor Hour.
0:26.3	I'm your host, Dan Ferris.
0:27.9	I'm the editor of Extreme Value.
0:29.7	That's a value investing service published by Stansberry Research.
0:34.3	Okay, let's get to it.
0:35.4	Let's get to the weekly rant.
0:37.1	Now, in last week's rant, I talked about a mental model used by Warren Buffett called Circle of Competence.
0:45.3	You remember this, right?
0:46.7	I said to imagine a circle, that circle is what you think you know.
0:53.2	Then imagine a smaller circle, and for some of us a much smaller
0:57.7	circle, inside that first circle. And that smaller circle, that is your circle of competence. That's
1:05.2	what you know well enough to say that you really know it at all. Okay. Now, during my rant, I said that you should ask if buying and selling publicly traded stocks,
1:16.9	bonds, options, whatever else you're doing, is truly within your circle of competence.
1:22.4	It's a real question that I think you need to ask.
1:25.0	I think some people just say, hey, you mean I can open a
1:28.0	Ameritrade account with 2,000 bucks and start trading right away. I'm going to do that.
1:32.4	Yeah, hey, it's easy, right? But I don't think it is easy. I think it's really hard. And I think
	...

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