What’s the Most Valuable Asset in the World Right Now?

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 23 January 2020

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s podcast, Extreme Value Editor Dan Ferris shares where Apple could go from its $1.4 trillion market cap. Dan also reviews some of the best answers to his recent question of, “What is the most valuable asset in the world right now?” Our guest, and friend of the pod, Meb Faber stops by to share his insight on trend-following, and why investors focus almost exclusively on the U.S. at their own peril. Listen now!

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	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.
0:22.8	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the
0:27.8	editor of Extreme Value published by Stansberry Research. We're going to talk to Meb Faber
0:34.1	from Cambria Investments today. I bet a few of you recognize that name. I was on
0:38.8	Meb's podcast recently, and today we're going to turn the tables on him and find out what makes
0:43.7	him tick. And I promise you, a lot of really cool stuff is going to come out of this conversation.
0:50.2	Meb does a ton of research. So before we do that, of course, I have a few thoughts to share.
0:57.5	Let's talk a little bit about Apple.
1:00.5	You know, Apple, biggest market cap company in the world, like a trillion four last time I looked
1:04.6	in market cap.
1:06.6	And then we'll talk about some other opportunities in financial markets and elsewhere.
1:11.8	So the first thing that I noticed recently about Apple is that its earnings did not double last year.
1:21.1	Its revenues and net income both fell. Revenues fell a little bit, net income fell a little more. Yet the stock market
1:30.3	chose to raise its valuation from around 13 times earnings to around 26 times earnings.
1:37.4	So the valuation doubled, but not for any obvious reason that you could identify in the underlying fundamentals.
1:47.3	You know, so why did it?
1:49.9	If not for those reasons.
1:51.7	It beats the heck out of me, actually.
1:53.9	Folks just decided they had to own Apple.
	...

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