Is the Cure Worse than the Disease?

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

🗓️ 26 March 2020

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's episode, Dan gives the latest updates on what is on everyone's mind, the Coronavirus. At the moment, unfortunately, we have more questions than answers.

"What happens if the poorest in our country can't work for 6-8 weeks?"

"What happens if Americans go back to work before the virus ends?"

"Is the cure worse than the disease?"

Then on this week's interview, Dan invites Principal of Bearing Asset Management, Kevin Duffy, onto the show.

Bearing Asset Management was one of the few firms on Wall Street warning their clients of the housing and credit bubble before 2008.

Dan asks Kevin about his new newsletter "The Coffee Can Portfolio." It's based on an older contrarian investment strategy that you may be unaware of.

Kevin tells Dan stories of what it was like on Wall Street during the Financial Crisis and why the situation today seems so different.

Also, Porter Stansberry has a special message for these questionable times. Click here to listen

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the 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.
0:22.9	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the
0:27.8	editor of Extreme Value, published by Stansberry Research. Today, we'll talk with Kevin Duffy,
0:36.2	who is a money manager and an all-around smart guy and
0:40.0	also a great Twitter follow, Kevin Duffy, 1929 on Twitter, if you're out there.
0:46.5	And he's got some really interesting, like long-term investor type ideas for you.
0:52.8	We'll talk with him today.
0:55.7	But first, I have a few thoughts to share. Man, what a roller coaster our lives have become. It's a rollercoaster of
1:03.8	emotions and news and ideas and questions with very hard answers. I'm probably guilty of
1:10.6	having more anxiety than I otherwise might because
1:13.6	I absolutely cannot afford to get sick. My wife has asthma, and I absolutely cannot afford to make
1:20.4	her sick. And I've heard stories of like pro athletes on TV sort of reporting in through Skype and things, saying that they got sick
1:30.5	with this and it was the worst illness they ever had.
1:32.7	Like people with, you know, ostensibly the strongest lungs on the planet saying it's the
1:38.9	worst illness they ever had.
1:41.3	And as you know, I found it somewhat difficult to get a real good handle on anything but the economic
1:50.5	impact and the financial implications of the coronavirus pandemic.
1:55.0	Two weeks ago, I suggested government mandated shutdowns were a no-brainer.
1:59.6	Then last week, I kind of whack myself
	...

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