Subscribe to stay up to date with the latest videos ► https://www.sbry.co/suBiH Episode 43 – This is How the Bull Market Ends Porter gives one last lesson on the big mistake Warren Buffett is making that could change Berkshire Hathaway forever. Buck breaks down the culture of the FBI and its influence on “Russiagate,” and Porter wonders why successful money managers and business people are often the target of politicians, while real criminals like those behind the 2008-2009 financial crisis just walk away. Buck and Porter welcome Erez Kalir, CEO and co-founder of Stansberry Asset Management. Porter and Erez discuss four specific “mile markers” to watch for that will signal the end of the current bull run in stocks. Erez talks about a meeting with Peter Thiel where the famous venture capitalist reveals what he’s doing with his bitcoin investment. What’s the one stock you would buy if it was the only one you could hold forever? Buck gives his account of the Facebook data breach that erased over $35 billion in investor capital in one day. Is the stock a buy or sell? Porter weighs in. A listener sends in a question about student debt forgiveness and what it would mean to Porter’s American Jubilee prediction. Be sure to click here to never miss an episode ↓ GOOGLE PLAY MUSIC ► https://www.sbry.co/lkwhp ITUNES ► https://www.sbry.co/7OQ79 SOUNDCLOUD ► https://www.sbry.co/jHn5h STITCHER ► https://www.sbry.co/tEkL5 ———————————— Follow us on Twitter ► https://www.sbry.co/p11ih Join our Facebook Community ► https://www.sbry.co/fMckK Check out our website ► https://www.sbry.co/wUAye Check out Stansberry NewsWire ►https://www.sbry.co/IhNeW Check out Health and Wealth Bulletin ► https://www.sbry.co/iHRmD Check out Extreme Value ► https://www.sbry.co/EvIiH ———————————— 3:28 Buck explains what Western journalists don’t understand about Putin or his unsurprising election victory last week, as well as the big reason he’s popular in Russia. 4:15 Porter immediately guesses why you won’t hear nearly as much about this week’s school shooting in Maryland as you did about last month’s shooting in Florida. 6:23 Porter goes into the scorching feedback he’s still getting after his criticism of Buffett – and the magazine that apparently liked his argument so much they reported a similar story. 10:15 Is the FBI just a tool for the Democratic Party at this point? Buck explains the schism between field agents and analysts in the Bureau, and the department we should be watching that’s “just to the right of Karl Marx.” 13:45 Porter says there’s no such thing as a predatory loan – no matter how sympathetic the “victims.” “When I started my business, I’d have been grateful for any predatory loan. (laughs)” 18:30 Before there was Satoshi Nakamoto, there was Milken – the man whose special class of junk bonds were like the Bitcoin of his day. Porter tells the story of why Rudy Giuliani couldn’t let his creation stand and brought the full force of his office down on Milken. 21:07 What do you have to do to earn 370 years of prison time? Buck explains the cloud that’s under Paul Manafort, and the charges he’s facing that carry a far more severe penalty than murder. 24:42 Buck introduces this week’s podcast guest Erez Kalir, who prior to launching Stansberry Asset Management co-founded and led Sabretooth Capital, with $1 billion in assets under management. 25:50 Erez shares his thoughts on the end of this bull market, and why the increase in volatility we’ve seen in 2018 so far is a warning sign. 28:50 Porter gets Erez’s take on the four developments he sees as being the most telling in the stock market today, from the decline of cryptos to the death of Toys R Us. 34:57 Porter explains the art of capital structure, and what it means to position your money based on your convictions. Hint: It goes way beyond just buying equities. 45:08 What to make of the collapse of the speculative bubble in cryptocurrencies – an asset class that didn’t even exist in the last bull market? Porter shares the dampening effect this could have on the stock market. “You’re unlikely to see stocks go up another 20%.” 53:15 Erez reveals the very first stock Stansberry Asset Management bought when they launched two years ago. “It’s a truly exceptional business… it’s a duopoly.” 57:09 Porter asks Erez to indulge in a mental exercise: You can only by one stock, so where do you choose to put all your wealth? “I’m pretty sure my great, great grandkids are going to be using salt.” 1:01:49 Buck describes the scandal surrounding Facebook and Cambridge Analytica, the insidious way they siphoned off people’s person information to a third party, and why it didn’t make a splash in 2012 when the Obama re-elect team openly bragged about this.

• published: 23 Mar 2018
• views: 6630