What's Wrong With the Hedge Fund Industry?

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

🗓️ 21 January 2021

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite the multitude of problems facing our country, stocks keep moving higher and higher, leading more people to question if we're currently in a bubble.

This leads Dan to explore two important questions. What do you do with your money when you know you're in a bubble? And what do you do if you know that bubble can last for years before popping?

Then Dan invites Andrew Beer, Managing Member at Dynamic Beta Investments, on to the show to answer some questions about the world of hedge funds.

Andrew joined the hedge fund industry in 1994 as a portfolio manager at Baupost for the legendary Seth Klarman. In recent years, Andrew's focus has been on how the hedge fund model can be improved based on liquidity, access, and cost perspectives.

Dan and Andrew discuss his start in the industry and how things have changed over the past 3 decades. Andrew shares some of the reasons hedge funds have declined in popularity over the years.... and how his firm, Dynamic Beta Investments, is looking to change that.

And finally, on this week's mailbag quite a few listeners write in to give their perspective on what living through a coup is really like. Some agree with Dan while some others take exception with how Dan spoke about the situation. One even accuses Dan of being a Trump cultist!

Listen to Dan's fiery rebuttal to this email and more on this week's episode.

Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.0	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:25.6	Hello and welcome to the Stansberry Investor Hour.
0:28.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Before we get into today's episode, don't forget, Trish Regan is now a part of the Stansberry Research. Before we get into today's episode, don't forget.
0:38.4	Trish Regan is now a part of the Stansberry family.
0:41.2	Check out her podcast, American Consequences with Trish Regan.
0:45.4	The link will be in the description of this episode.
0:47.9	Today, we will talk with Andrew Beer,
0:50.7	who will tell us all about the second holy grail of hedge funds. Can't wait to find out
0:56.0	what that means. This week in the mailbag, lots of emails, too many to read this week, but a few
1:01.3	folks wrote in to tell us about the violent coups and insurrections they survived. One listener
1:06.9	wrote in about that same topic and says, my values have been co-opted by Trump cultists.
1:13.5	You'll get an earful about all of this in the mailbag. In my opening rant this week, let's just
1:18.8	talk briefly about what to do and how to survive the enormous speculative bubble we're in.
1:24.4	That and more right now on the Stansberry Investor Hour.
1:31.0	All right. What do we actually do? I've talked your ear off for much of the past year about how
1:38.6	expensive everything is. And lately, I've written a couple of Stansberry Daily Digests and talked
1:43.9	on the program about
	...

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