The Surprisingly Good Reason Bond Prices Are Crashing

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

🗓️ 12 September 2019

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

WeWork is in the news with preparations for its IPO, and Dan targets his weekly rant on the company’s mission you’ll never be able to deduce from its IPO filings.

With its mission statements reading like mantras – “elevate the world’s consciousness, community company committed to maximum global impact,” Dan gets to the really damning statistic buried deep in the filing – “the bigger they get, the bigger their losses get. This thing ain’t working.”

Dan then gets to the bubble in late-stage private financing, vulture capitalist Martin Shkreli’s latest antics, AT&T’s huge move, and the similarities between stocks today and stocks in 2018 right before the 20% plunge.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the
0:06.1	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 everyone to another episode of the Stansberry Investor Hour.
0:27.4	I'm your host, Dan Ferris.
0:28.7	I'm also the editor of Extreme Value, a value investing service published by Stansberry
0:33.7	research, and I'm talking faster because I can't wait to get to my rant this week.
0:36.8	Let's do it right now.
0:38.5	Okay. Now, last week's rant was about Peloton, the exercise equipment company, and we got lots of
0:45.6	great feedback about it, and we'll talk about that when we do the mailbag later in the show.
0:50.0	This week's rant is something of a follow-up, sort of. It's in a similar vein, okay? And it's about
0:58.7	a company called WeWork. WeWork has been in the news this week because their IPO looks like
1:06.5	it's falling apart. So your first question about any company is, what do they do? Well, if you want the
1:14.0	company to tell you what they do, you'll have to be very patient or hire a detective because it's
1:18.7	hard to find out what they do by reading the IPO prospectus. Here's how it starts. This is the
1:25.1	beginning. This is where they're supposed to be telling you what they do.
1:28.5	And it says, our story, we are a community company committed to maximum global impact,
1:34.7	already throwing up in my mouth again here. Our mission is to elevate the world's consciousness.
1:41.5	Excuse me. We have built a worldwide platform that supports growth, shared experiences, and true success.
1:49.2	We provide our members with flexible access to beautiful spaces, a culture of inclusivity,
	...

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