Robinhood Traders Gamble on Bankrupt Companies
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 11 June 2020
⏱️ 69 minutes
🧾️ Download transcript
Summary
On this week's episode Dan discusses several news stories popping up of brand new retail investors making incredibly risky bets gambling on stocks like Hertz and J.C. Penney.... Could we be nearing the top again?
Plus, Dan discusses some extremely controversial steps being taken in Minneapolis, after their City Council announced plans to disband the police department. Could is actually succeed or is it destined for disaster?
Then, Dan bring special guest, Dr. Jeff Ross, onto the podcast for this week's interview. Jeff is the Founder and Managing Director at Vailshire Capital Management, an investment advisory service, and Vailshire Partners, a hedge fund that is beating the market this year by a wide margin.
During their conversation, Jeff and Dan talk about the protests and riots across the country, including the shifting perceptions on the black lives matter movement. Jeff also shares what he thinks will be the best investment of the next decade and one of his favorite stocks.
Finally, Dan gets a little heated answering questions from the mailbag... Dan, what's with your opinion? Just give me the facts... Is there actually rioting in the streets? How can a few thousand millennials on Robinhood cause a Melt Up? What happens if a law is passed and Chinese companies are de-listed from US exchanges? And why is the bond market considered a leading economic indicator?
Dan answers these questions and more 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. |
| 0:11.6 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts. For the latest episodes of the Stansberry Investor Hour, 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 my old friend Jeff Ross. Jeff is a radiologist who runs a hedge fund that has destroyed the S&P 500's return so far this year. If that doesn't inspire you to stick around, nothing will. You want to hear this, I promise. Huge mailbag this week with two kinds of emails. Those from people with brains and those from people without. |
| 1:00.0 | I promise you have never heard me this pissed off before. |
| 1:03.0 | The mailbag was too full of idiots. I've had a truly awful week, so I'm ready to unload. |
| 1:08.0 | Plus, a few truly intelligent good questions about investing topics I know you will find interesting. |
| 1:15.0 | And as always, my rant this week, I'll point out a few news stories that suggest the stock market and even other types of investments have become truly insane. |
| 1:25.4 | That and more right now on the Stansberry Investor Hour. |
| 1:32.1 | Okay, first, a little housekeeping and follow up on our comments about the, my comments, |
| 1:39.3 | hour, there's no hour here, it's just me in front of the microphone. My comments about the riots and the looting |
| 1:47.1 | and so forth that I had for you last week, it seems that the Minneapolis City Council has committed, |
| 1:55.8 | as I read the news here, to dismantling the city's police department. We'll see if they actually go through with this, |
| 2:02.6 | but it looks pretty serious. And I have a couple of thoughts on this. First of all, look, this is |
| 2:08.6 | probably how government should work. It should be a local affair. And if the duly elected folks |
| 2:14.5 | of the Minneapolis City Council want to dismantle the police department |
| 2:18.5 | and the people of Minneapolis who elected them are okay with that, then that is what they |
| 2:23.6 | ought to do. Now, if I were in Minneapolis, I would be worried about a surge in crime. Because I think |
| 2:32.0 | those who think about it, of course, know that criminals could run rampant |
... |
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