4.4 • 677 Ratings
🗓️ 5 March 2020
⏱️ 73 minutes
🧾️ Download transcript
This week, Extreme Value Editor Dan Ferris explores if the Fed's recent rate cut in response to coronavirus fears will make up for the economic slowdown. He cautions against optimism in the market going forward. Dan also points out what President Trump doesn't get about interest rates.Our guest, award-winning journalist Gregory Zuckerman from The Wall Street Journal dives deep into one of the most well-kept secrets of the finance industry. He explores how the Medallion Fund was able to return 66% annually over a 30-year span. Listen now!
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0:00.0 | Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the |
0:06.6 | Stansberry Investor Hour. |
0:11.9 | Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour. |
0:17.0 | Sign up for the free show archive at Investor Hour.com. |
0:20.6 | Here is your host, Dan Ferris. |
0:23.4 | Hello and welcome to the Stansbury Investor Hour. I'm your host, Dan Ferris. I'm also the editor of |
0:28.9 | Extreme Value published by Stansberry Research. This week, we will talk with Gregory |
0:34.8 | Zuckerman, author of The Man Who Solved the Markets, a recent book about |
0:39.6 | Jim Simons and his firm Renaissance Technologies. |
0:43.7 | Renaissance, simply put, has a better track record than everybody, better than Buffett, |
0:48.8 | better than Soros, better than Drucken Miller, better than everybody. |
0:53.5 | And I recommend the book. I wasn't expecting |
0:56.5 | to love it because I thought, who could possibly find out anything about Renaissance? And Jim |
1:03.1 | Simons, because the firm, I'm telling you, they're one of the most secretive firms in the |
1:07.5 | financial industry. We'll talk with Gregory and you read the book and he found out all kinds of wonderful |
1:15.6 | stuff. |
1:17.2 | Before we do that, I have a few thoughts to share, as usual. |
1:22.1 | And gee, wouldn't it have been nice if somebody told you that this coronavirus stuff was going to be |
1:28.6 | worse than the stock market thought and that it was going to do a lot of economic damage |
1:34.0 | and that the Fed was going to make a huge rate cut, maybe even before the next meeting? |
1:39.9 | What's that you say, dear listener? |
1:41.9 | We here at Stansbury Investor Hour told you that. |
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