The Prospect Making Warren Buffett’s Heart Race

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

🗓️ 28 February 2019

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Extreme Value Editor Dan Ferris shares the latest gems in famed investor Warren Buffett’s annual letter, including a prospect that’s making his heart beat faster. Dan’s joined by James Grant, editor and founder of Grant’s Interest Rate Observer who shares a warning about a day of reckoning for the Federal Reserve’s era of easy credit.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the
0:05.8	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.
0:22.5	Hello everybody and welcome to another episode of the Stansberry Investor Hour.
0:26.6	I am your host, Dan Ferris.
0:28.9	I am also the editor of Extreme Value, a Value Investing Service published by Stansberry Research.
0:35.3	We have a great show lined up for today, so I'm just going to get right to it with the weekly rant.
0:43.3	Okay.
0:45.5	Now, if you forced me to pick just one most important skill for investors, I'd actually have to acknowledge that there is not just one,
0:56.3	but I could answer the question as asked. I could do it. It'd be easy for me to name the most
1:01.8	important skill for investors, in fact. That skill is saving, saving money, spending less than you
1:10.4	make and setting aside some portion of your earnings on a regular basis for the purpose of accumulating investment capital.
1:18.4	Saving is the master investment skill.
1:21.9	Now, right now, I'm willing to bet some of you are groaning.
1:25.0	Oh, geez, here we go.
1:26.4	This week's rant is investing for children.
1:29.4	Well, you'd be wrong if you thought that. In fact, it's the opposite. The really experienced and
1:35.4	successful and probably wealthiest investors listening to the sound of my voice are probably
1:40.6	nodding their heads right now saying, yep, that's right. And they're waiting for me to get the rest of the argument right.
1:46.9	So it's not for children.
	...

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