Apr 22, 2024
David Daglio, the chief
investment officer and global investment strategist of
wealth-
advisory firm TwinFocus, joins
the show. He kicks things off by describing himself as
a
contrarian, and he explains
that understanding who you are as a person will lead to the
best
investing results. After, he
goes into detail on how TwinFocus looks for creative "straw
hat"
solutions that the market isn't
seeing. Plus, he talks about risk premiums, the
current
opportunity in natural gas, and
the 30-year discount in gold-mining stocks. (3:29)
Next, David discusses the
advantages and disadvantages of working at a large firm
versus
being an individual investor.
He shares that individual investors have the advantage of
not
being overloaded with
information, plus they're their own boss and can make their
own
decisions. David also details
the three conditions TwinFocus looks for before jumping into
an
investment, the importance of
recognizing your own intellectual biases, and how
market
skepticism can be a huge
opportunity. (15:29)
Lastly, David talks about
"net-net" companies in the biotech sector that are trading for
less
than their total assets... he
breaks down what capital imbalance is and how to spot it...
and
he explains that the savviest
investors try to be like Spock from Star Trek, valuing facts over
feelings. (28:49)
Dan and Corey close out the
podcast by discussing the Stansberry Research
editorial
meeting that happened last
week. This meeting brings Stansberry's editors and
analysts
together to discuss different
investing ideas and pertinent world news. One of the hot
topics
at the meeting was the
presidential election in November. Dan and Corey emphasize
that
the best investors keep
politics out of their investing decisions and stick to their
core
strategy regardless of which
candidate takes office. (49:22)