Episodes

1:40 – Dan reveals his Top 10 Surprises for 2022… Now remember, these are not predictions. They’re events that could happen, and based on the current conditions of the markets, would shock tons of investors…

4:33 – Could silver hit $30 or more? Or could precious metals outperform the S&P 500? They’re not on a lot of folks’ radars, so this would be a massive shocker…

8:46 – What would happen if Tesla, the current poster child of today’s speculative frenzy, fell below $300 per share?

11:35 – New highs for Bitcoin in 2022? Many people are expecting it. That’s why Dan says bigger surprise would be if it didn’t reach new highs next year…

17:50 – People say things are different now. That this could never happen again… But there’s no doubt a 20% one-day drop in the S&P 500 would be one of the biggest surprises of the year…

22:13 – This week, Dan invites one of the most respected and longest serving healthcare analysts on Wall Street onto the show, Tom Carroll. Prior to joining Stansberry Research, Tom worked at Legg Mason and Stifel Financial. During that time, he was ranked by Fortune Magazine as the #1 Healthcare analyst in the U.S. Today, Tom writes the Cannabis Capitalist newsletter at Stansberry Research.

26:55 – Tom says that there’s not a ton of super sophisticated investors currently in cannabis stocks… “One of my industry contacts called them ‘pajama-traders’…”

30:20 – When is marijuana finally going to be legalized? Tom says, “It almost doesn’t matter right now… Because legalization is all around us, right? We see it with the number of states that continue to create legal programs. We see it with Federal agencies allowing U.S. companies to operate…”

35:21 – “You’re getting right to the heart of my view on the Federal legalization thing… To me, somebody signing a piece of paper at the Federal level, making it completely Federally legal, to me that doesn’t really matter at this point in time. Ultimately, that’s where we’re going… Once that happens these stocks will have gone up 3-4X higher. So, if you’re waiting until then, you’ll miss it.”

43:02 – Dan asks Tom what types of cannabis businesses should investors be looking for… “Where’s the good business model in all of this? Which ones are you most interested in, and which ones are you least interested in?”

44:10 – Tom lists some names of picks that he loves… “One of my favorite stocks for next year is a little company called MariMed, ticker MRMD… One of our best stock picks of last year was a company called GrowGeneration (GRWG)… And upstream from GrowGeneration, you have a company called HydroFarm (HYFM)…”

49:58 – “My gut says [legalization] is probably not going to get done next year… Certainly the heat is turned up on the Senate, with the SAFE Banking Act and the issue of 280E, and the issue of not being able to be traded on U.S. Exchanges, that’s all out there… My sense is probably 20% probability it gets done next year.”

53:05 – Dan is amazed by how fast cannabis stocks rose to bubble heights then fell back to bargain levels… “I watch a lot of cyclical stocks in the work that we do in Extreme Value, and just for my own purposes, and you have to wait longer than 14 months usually to get this wonderful round trip, during which industry fundamentals have improved dramatically…”

53:51 – “The fundamentals have improved, so it’s a better deal now than it was 14 months ago… Yeah… Man, I tell you what, I love this trade all day long…”

57:50 – Tom leaves the listeners with one final thought before the interview closes… “You must own some of these stocks, right now. If you don’t want to own just one of them, or a handful of them, buy MSOS… It is the only cannabis ETF that is able to capture synthetically the price changes of the U.S. cultivators, those are the companies you want to own. They have the best revenue, the best earnings, the best management teams, the best balance sheets…”

1:02:07 – We’ve got some great questions on the mailbag this week… One listener asks Dan if he thinks it’s time to move on from Chinese stocks… Another listener asks Dan to recommend some good books for investors just starting out… And another listener asks Dan the best way to hold cash as safely as possible… Listen to Dan’s response to these questions and more on this week’s episode.