Episode #462: Porter Stansberry on a potential recession, opportunities in distressed debt and the bull case for energy stocks
Guest: Porter Stansberry is a leading financial writer and founder of MarketWise, a publicly traded financial publishing platform with millions of subscribers and multiple brands. In December 2020, Porter retired as CEO of MarketWise. He founded Porter & Company in April 2022.
Date of recording: 01/12/2023 | Duration: 1:18:01
Summary: In tonight’s episode, Porter shares his frustrating ending with Stansberry Research and why he decided to start a new research company last year. He walks us through the key themes he will be focusing on in the next cycle: cash-flowing, capital-efficient companies, a major distressed debt cycle ahead, and the energy transition. Plus – he shares some names and ideas for each.
Comments or suggestions? Interested in sponsoring an episode? Write us an eMail Feedback@TheMebFaberShow.com
Links from the episode:
- 1:10 – introduction
- 1:46 – Welcome back to our guest, Porter Stansberry
- 4:02 – Editing his quote about how to spend your 20s, 30s, 40s and now 50s
5:41 – The making of Porter & Company - 11:51 – Porter’s adoration of Hershey’s as a business
- 13:12 – His most contradictory home investment
- 20:20 – The power to hold on to stocks in good companies for the long term
- 23:19 – The problem with bonds until 2022
25:13 – The Stay Rich portfolio - 26:05 – Fixed Income, Corporate Bond and Distressed Debt Cyclical Strategies
- 27:59 – What to learn from Carl Icahn and Icahn Enterprises
- 31:01 – Porter’s predictions for the world of defaulted debt and future bankruptcies
- 35:35 – I disagree (Faber)
- 36:05 – How practical is it for individual investors to get into distressed debt?
- 43:01 – A discussion about starting a business and interesting startup stories
- 43:52 – His modern safety razor company, OneBlade
- 46:58 – A pessimistic look at clean energy and the promise of natural gas and nuclear power
- 52:17 – T. Boone Pickens’ investment highlights related to the energy industry
- 54:26 – His take on the future of natural gas. Learn more at com
- 57:18 – Why nuclear energy is the most promising energy source in the long term
- 59:04 – Episode #343: Dr. Nathan Myhrvold, Intellectual Ventures
- 1:04:55 – Episode #456: Marc Cohodes on SBF, Fraud & The FTX Death Spiral
- 1:06:20 – Porter’s beliefs about investing that most of his peers disagree with
- 1:11:50 – Porter’s most memorable investment
- 1:13:21 – The role of short sellers in corporate liability
- 1:14:50 – Learn about Porter; bostonblackout23.com; Twitter; Carrier & Company
Transcript:
Coming soon.
