Brace yourself. Every Monday, Wednesday, and Friday, Porter Stansberry will write directly to you and your fellow members, drawing on his 25+ years as an analyst to bring you unfiltered investing insights. Business, finance, economy, philosophy, and life… everything is uncensored, and nothing is off limits. Porter’s Daily Journal – which includes an ever-popular Mailbag where Porter responds to readers – is free to all subscribers.
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An Update On Property & Casualty Insurance
One of the largest and wealthiest communities in the U.S. has been largely destroyed, with over 15,000 structures burned across 63 square miles, an area roughly the size of Washington, D.C. In today’s Daily Journal, Porter examines how this disaster plays out across the property-and-casualty insurance industry.
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At The Peak Of The Cycle, Everyone Is Bullish –
At current valuations, it is virtually certain that investors buying the S&P 500 – especially the largest and most overvalued stocks – will be severely disappointed since future returns for at least the next decade will be paltry.
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How To Survive A 10-Year Bear Market?
This company became Warren Buffett’s playbook for Berkshire Hathaway. Acquire the asset at a large discount to net asset value, borrow against those assets, use the losses from the legacy business to offset gains from new acquisitions, liquidate the legacy business… and profit massively as the new company grows.
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Trump To The Rest Of The World: Drop Dead
A president threatening to set up a second revenue agency for the federal government isn’t good news. It’s horrifying, Porter reports, on the news that the incoming Trump administration has proposed an External Revenue Service.
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A Lost Decade
Equity prices are at multi-decade highs. As such, Porter predicts, it will take at least a decade for many of today’s S&P 500 members to “grow” into their current valuations.
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Heeding Buffett’s Warning
Fifty-five years ago, Warren Buffett announced his retirement. In 1969, the legendary investor felt he could no longer generate the 30% returns he had been generating. Then things changed…
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Don’t Be Crazy
In today’s Daily Journal, Porter writes that Americans now have more capital allocated to the stock market than ever before. And thus, stocks are now trading at record-high valuations. This has led to one outcome when this has happened in the past… And it’s not a good one.
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Trump’s Inflation Triggers
In his election-night speech following his resounding victory on November 5, President-elect Donald Trump expressed what would happen after he took office. So what has Trump promised to do, economically? In today’s Daily Journal, Erez Kalir focuses on three key pillars of his policy agenda: tariffs, immigration, and taxes.
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Here We Go Again: Welcome To The 1970s
Soon, we’ll see the return of the “misery index,” Porter predicts in today’s Daily Journal – with both inflation and unemployment running at around 6%.
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The Spice Must Flow
For investors who understand the relationship and the economics of power and intelligence, Porter explains, the next decade will produce an unprecedented amount of wealth.