Look to Innovation for the Biggest Growth Opportunities

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 29 April 2021

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

In March, Tesla sold off about 10% of their Bitcoin...

Elon Musk said the reason they sold was to, "prove the liquidity of Bitcoin as an alternative to holding cash on the balance sheet..."

On the opening rant this week, Dan examines all the facts behind the surprising move...

And explains why he's not buying Musk's explanation...

Then on this week's interview, Dan invites Thomas Ricketts onto the show.

Thomas is President and CIO of Evolutionary Tree Capital Management, a firm exclusively focused on innovation investing. Evolutionary Tree uses their unique investment process to differentiate between hype and real innovation that yields future growth.

Their approach has led Evolutionary Tree to find stocks like HubSpot, ServiceNow and Pinterest before they were well known.

During their conversation, Dan asks Thomas what the main difference between innovation investing and speculating really is. Thomas explains how his firm uses 8 special criteria to separate the hype from the legitimate long-term opportunities.

Thomas even gives the listeners a handful of stocks he loves in cloud computing and biotech – two industries he says are poised for massive growth over the coming decades.

Then on this week's mailbag, one listener asks Dan how to buy "some additional insurance via buying put options..."

Another listener asks what Dan thinks about the sudden shift to ESG initiatives being parroted in many major industries.

And a final listener asks an excellent question about inflation and conventional economic wisdom.

Dan gives a thorough reply to this question and more 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.
0:20.0	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.
0:28.6	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 Thomas Ricketts from Evolutionary Tree Capital Management.
0:41.3	Thomas is an investor who focuses solely on innovative companies.
0:46.3	So we'll talk all about that with him.
0:48.3	This week in the mailbag, gold, emerging markets, put option buying, and of course, everybody's favorite topic all the time, Bitcoin.
0:57.8	In my opening ramp this week, Tesla's earnings call earlier this week was weird.
1:04.1	Let's talk about it.
1:05.8	That and more right now on the Stansberry Investor Hour.
1:12.4	Tesla held its quarterly earnings call on Tuesday this week, and then on Wednesday, they put out
1:19.6	their 10Q, their quarterly report.
1:22.5	There's a lot we could talk about.
1:23.9	There's a lot to unpack here, as they like to say, but I can't help focusing on
1:29.9	one particular aspect of this. And that is, and I got to give a hat tip to Charlie Grant here
1:37.4	from the Wall Street Journal, that is the simple fact that Tesla earned more profit last quarter from selling Bitcoin than they did from
1:47.3	selling cars. Of course, you know, $1 would be more than they made from selling cars because
1:53.2	they're still losing money doing that. And as far as I can tell, the reason why they say they sold some of their Bitcoin, it's kind of sketchy.
	...

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