4.4 • 677 Ratings
🗓️ 10 January 2019
⏱️ 62 minutes
🧾️ Download transcript
On a week where markets roared back, the most expensive tuna ever was sold for $3.1 million, and the government shutdown officially became the third longest in history – and still with no end in sight – Dan Ferris number crunches some more historic milestones.
Because last week was Apple’s turn to suffer, Amazon is now the world’s largest company. Dan talks about how, once those companies both hit trillion-dollar valuations, something told him he was wrong. And while he got his readers out of Apple before the main meltdown, “I wish I had followed my gut.”
Dan then introduces this week’s guest – Shane Parrish, the founder, curator and wisdom seeker behind Farnam Street. What started as a personal, anonymous blog where Shane could explore what others have discovered about decision making, purposeful living, and how the world works, quickly blossomed into one of the fastest growing websites in the world.
With over a million page views, nearly 200,000 subscribers, consistently sold-out Re:Think workshops and over 3 million podcast downloads, Farnam Street has become the go-to resource that CEOs, athletes, professional coaches and entrepreneurs rely on to find signal in a world of noise.
From his idea to take Warren Buffett’s style of investing and apply it on a macro-level – snapping up cash-gushing small businesses and capital efficient “Mom and Pop” stores – to his revolutionary thinking on “Mental Models,” Shane is full of insights on how to change your investing results through changing your thinking.
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0:00.0 | Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour. |
0:11.2 | Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour. |
0:16.3 | Sign up for the free show archive at Investor Hour.com. |
0:19.8 | Here is your host, Dan Ferris. |
0:22.3 | Hello, everyone. |
0:23.3 | Welcome back to another episode of the Stansberry Investor Hour. |
0:27.6 | I'm your host, Dan Ferris. |
0:29.0 | I'm the editor of Extreme Value. |
0:31.4 | That's a value investing service published by Stansberry Research. |
0:36.4 | And I've been at Stansberry longer than anyone but Porter, man. |
0:40.0 | So that's how I got the job. |
0:43.7 | Let's, before we do anything, I just want to tell you, this week's guest, I am absolutely |
0:49.2 | thrilled to have him here. |
0:51.9 | And I really strongly encourage you to just listen to every word of |
0:58.7 | the interview because he's a very smart very insightful guy and I'm just going to |
1:03.2 | leave it at that leave a little mystery and then and then we'll get on with it |
1:08.6 | so the first news item I want to get to is kind of picks off, picks up where we left off last week. |
1:19.6 | Last week we had Mark Spiegel on the program and he talked about, he's kind of famous for being a Tesla short seller. |
1:26.9 | Okay. |
1:28.5 | And so, you know, the news now in Tesla is that they broke ground in Shanghai, China, |
1:38.3 | on Gigafactory 3, okay, their third, what they call their third big factory. |
1:46.2 | Okay, and it was kind of weird because minor detail, indulge me here in a minor detail. |
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