'Trade a Lot... or Don't Trade at All'
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 14 November 2022
⏱️ 65 minutes
🧾️ Download transcript
Summary
This week, Stansberry Investor Hour listeners are in for a treat... Dan has brought back Empire Financial Research's own (and listener favorite) Enrique Abeyta, editor of Empire Elite Trader, a short-term trading service that draws from a pool of mid- to large-cap stocks.
Dan and Enrique launch into a spirited discussion about the belief that a stock's value directly correlates to the company's value. And Enrique warns about the danger of believing that this is 100% true...
He explains what Dan calls "a more inclusive, superior mental model for someone who wants to trade stocks for less than five years"... and discusses how sentiment and positioning matter more for stocks over the short term, with fundamentals and macroeconomics becoming the main drivers over the long term.
Enrique also explains the power of "positive psychology" and keeping a disciplined approach for investing success. Plus, he reminds listeners that there's a silver lining in rough markets like today's and that these are truths rooted in history...
Transcript
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| 0:00.0 | Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:14.0 | And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today, Dan talks with Enrique Abato, editor at Empire Financial Research. |
| 0:24.0 | And for our opening rant, it's been a big week, but probably not big enough. |
| 0:28.4 | I'll tell you what I mean. |
| 0:30.3 | And as always, you can email us at Feedback at Investorhour.com and tell us what's on your mind. |
| 0:36.2 | That and more right now on the Stansberry |
| 0:38.9 | Investor Hour. |
| 0:47.0 | So what do I mean by it's been a big week, but probably not big enough? Basically, I've been |
| 0:52.2 | talking about the Fed breaking something and I've been waiting for |
| 0:54.9 | something big to break like a big bank or something. And something broke this week, but it wasn't |
| 1:01.0 | that big, I think, in the scheme of things. It was still very interesting, though. And Corey, I know |
| 1:07.2 | you know what I'm talking about. Bank man fried. And I know you've. |
| 1:13.4 | Bank man fried. |
| 1:22.1 | I mean, gosh, if your name is bank man fried, maybe, you know, don't go into the cryptocurrency exchange business. |
| 1:25.2 | Or if you do, don't lend out 10 billion of customer deposits. Maybe we should fill |
| 1:29.9 | everybody in on what happened here. Yeah, yeah. If you would like to tell the tale, go ahead. |
| 1:35.2 | Well, I mean, basically this cryptocurrency exchange, FTX, which is one of the largest in the world, |
| 1:42.7 | is basically on the verge of collapse after a very interesting personal drama involving the founder of FTX and his rival, and basically over leverage and not being transparent. |
| 2:03.6 | And basically anything you could think of that are themes in the cryptocurrency world and finance have come together in this story. If I was |
| 2:09.8 | writing a book about cryptos, this would be like a central narrative, I think. Oh yeah, |
| 2:15.8 | this thing is going to be on Netflix. Right. I mean, if for no other reason, |
| 2:22.2 | you know, the main character, Sam Bankman Fried, you know, Bankman Fried, he's just, he's a typical |
... |
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