The Pathetic Downfall of Stansberry Research

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In this video we go over the rise of the stock market research firm Stansberry Research which changed its name to MarketWise and merged with a SPAC in 2021.
Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: / @brokenbusinessmodels
Email us: [e-mail]
Check out our new podcast on Spotify: open.spotify.com/show/4UZL13d...
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
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[@jixxey]

I have beaten the system. I have no savings whatsoever which makes me immune to all scams.

[@sblijheid]

Almost. You are still scammed by the great con called inflation.

[@jc.1191]

😂

[@timbimjim514]

Interesting strategy. You should start your own newsletter 😂😂😂

[@bongobrandy6297]

Pogo, you are!😀

[@gener8423]

Congrats man! Can't get any lower once you're in the abyss.

[@michaelmarlow6610]

Soon as you hear ‘merged with a SPAC’ you know where the story is going.

[@AlexanderTheGoodEnough]

hey now. Let's be fair, there's a very very VERY small chance that investing in a SPAC actually made a retail trader some money.

[@connorferguson2269]

Need a microscope to see how slim that chance is lol

[@chawaphiri1196]

This comment has won

[@theodorehsu5023]

@@AlexanderTheGoodEnough The SPAC's investors probably did their homework, then cashed out to cut their losses. When the cash was gone, he couldn't "honor the deal" because the others took that money and ran from Stansberry. So the deal went very sour while Stansberry whined about the reneging.

[@MrAnderson3]

Can someone explain to this noob what a SPAC is and why they are a bad thing? Thank you kindly 😅

[@jlindsley9288]

These scams are really goofy. If you could make $1M a day on Wall Street, why would you bother selling people the secret for $1000?

[@jlindsley9288]

@@tsensuke5259 Right, but the math also includes how much time and money it takes to run the newsletter. Your primary gig is making $125,000 an hour. If you can’t do that because you’re busy writing a newsletter you got to think about the opportunity cost. I mean, I guess maybe you can just fire off an email in 5 minutes so it makes sense that way. But they had these huge businesses with all these employees to sell a product for a fraction of what they would have made working on something else. It just seems weird.

[@ARTNETWORKTV]

That’s right. I guess the math pay for it. They are workaholics and insane. Instead hassling people they could make a bit less perhaps and go relax. They keep on hassling people.

[@markhirstwood4190]

You wouldn't be on Wall Street; you'd be on your own private island in the Bahamas, sipping drinks.

[@gabrielsyt]

Excellent point.

[@RoniiNN]

He obviously is a charlatan. Dude sells spam mail. FFS

[@Jordan-Ramses]

'Went public by merging with a SPAC'

[@LizardSpork]

If I had $1000 every time a SPAC turned out to be a scam, I'd be able to afford to perform my own SPAC.

[@BS-jw7nf]

Famous last words

[@gemmagreene362]

IKR - when I hear that phrase, I now have some sort of Pavlovian response. And it isn’t like I’m about to get a treat!

[@globalismoblackman]

Exactly Lol 🤣🤣🤣😂. Reminds me of Camath Pal. Aka "SPAC King" ask him about Clover Health Inc lol 😅

[@MayaUndefined]

SPACs is the corporate timeshare

[@fredm.2699]

“Went public by merging with a SPAC” is the investment soundtrack for “it was at this point, we knew the company was fucced up.”

[@the-btc-tradingfloor2808]

🤣😁🤣

[@aritragupta4182]

"He predicted 15 out of the last 2 recessions" 😆

[@brianmaluleka9189]

i was confused as well

[@sblijheid]

They call him dr doom. He always points out the bad side of the economy. He's not wrong, but he's like the doomsday prophet.

[@TacticusPrime]

​@@brianmaluleka9189 It's a joke about how he's always saying that a recession is coming. He was "right" the way that a stopped clock is right twice a day.

[@name-oc2df]

basically cried wolf for 15 years and it was actually there 2 of those years

[@larzkruber822]

Something else in the world of finance no one warned me about Doomprophets everywhere If you only would listen to them you would never invest

[@serioserkanalname499]

Noone that played runescape as a kid would fall for any of these. I maintain my stance that every parent should let their child get scammed on runescape. This is a valuable life lesson. And it only costs a little bit of time and pain.

[@DuncanL7979]

I feel that I had the same sort of trial by fire as a child, except my lessons came from Diablo II as opposed to Runescape.

[@GentlemansCombatives]

I never got that armour trimming

[@salkryeful]

Indeed. I am thankful to chessy018 and smokin mils and all the other scammers in runescape for showing me what a pump and dump/rugpull feels like along with other scams. It's probably why I never lost real cash to schemes like penny stocks and crypto and other scams. Hopefully it stays that way.

[@JewishBanker911]

Aye preach

[@chartreusecircle1546]

I never forgot being fooled into grabbing the wine of zammy and getting killed by the monks as a noob 😂

[@michaelepp6212]

I really enjoyed this. His outrage at the end, when he himself got ripped off by the SPAC, was awesome to behold. Thanks for the laughs.

[@ktktktktktktkt]

18:45 oh man, I forgot about Motley Fool. You should do a piece on them. Their free articles are some of the worst click-bait I've ever seen.

[@tucoramirez9557]

TMF at least shows a disclaimer, that their free articles have nothing to do with the paid services. But yes, the free articles are crappy and their most visible communication.

[@azizkash286]

All finance newsletters are garbage

[@sblijheid]

I never read them because I feel insulted by their name. As if they're calling me a fool.

[@Thea-gj2or]

​@@sblijheidand motley all in one title. Not sure what it means but it doesn't sound good. I'm a gonna go look it up now. Mottled, patchy and generally not wholesome is my guess.

[@Thea-gj2or]

​@@sblijheidmy understanding of this word was close enough. Next.

[@jeske100]

I'm getting these outlandish KZbin ads all the time and knew they were scams. Thanks for putting this together and confirming my suspicions!

[@sblijheid]

They sound exactly like the spammy comments in the comment section under big youtube channels.

[@NewJocular]

Stansberry had some great long form interviews with some decent experts. I got on their mailing list and I was so confused by the obvious junk they were sending me. Thank you so much for opening my eyes the rest of the way.

[@PepeCoinMania]

these interviews were all paid

[@PearComputingDevices]

Grifters do that.

[@ktktktktktktkt]

4:04 if the deal actually happened and the share price actually doubled, imagine then getting charged with trading on non-public information...

[@jburron]

You can still be charged even if it doesn’t happen.

[@Steve-nb9kg]

This guy claimed to have predicted the 2008 crash. I read through all of his newsletters prior to the event and NONE of them mentioned it. Was recommending stocks right up until, just as clueless as anyone else.

[@jesstowns10]

Interesting. Stansberry was part of Bill Bonner's Agora Financial group and Bill definitely predicted the 2008 crash as far back as at least 2006. I was one of Bill's subscribers and I remember having an argument in December 2006 (at a wedding) with a banker where I predicted the 2008 crash based on Bill's writings. The banker's position was there was not going to be a crash, nobody was going to get hurt, and Bernanke was the most brilliant economist in the world. (Unfortunately I'm not joking, that was literally his position.)

[@user-zp7jp1vk2i]

@@jesstowns10 and what AGE was this "banker"?!!

[@jesstowns10]

​@@user-zp7jp1vk2i Late 40s maybe. He worked in San Francisco as I remember, if that tells you anything.

[@samsonsoturian6013]

To be fair, KZbin finance channels are no different from these newsletters, just cheaper. It took me some time to find a few that appear to be honest men.

[@creepinwhileyousleepin]

If its information on the market or economy without any specific stock tips or financial advice there's a decent chance its okay to follow. I like WSM, Patrick Boyle, Plain Bagel, Economics Explained and Kamikaze Cash a lot. But I also don't actively trade.

[@samsonsoturian6013]

@@creepinwhileyousleepin We literally subscribe to all the same channels...... And that username.

[@Thea-gj2or]

​@@creepinwhileyousleepinI do actively trade. Patrick Boyle does some good roasts but I wouldn't classify him as an advisor. Plain bagel I have watched a few times and seems to offer about what one could expect from a local, honest, conservative but not very talented advisor. 60/40 portfolios and index funds mostly. I outperform almost all indices over time but not by heaps. 401k. The truth is that most people can't do this. I can so I don't really understand this. I watch shows that share resistance and support levels, trend lines, overbought levels, oversold levels and the like. All of these things matter but none are guaranteed. I pay nothing for help with investing.

[@Thea-gj2or]

​@@creepinwhileyousleepinit does seem to be a bit of a time suck though.

[@carlgarrett5142]

Find stuff by Morgan Housel. He doesn't have a channel but there are interviews and presentations of his on KZbin. Also The Money Guy channel, although that one is geared toward higher income people.

[@Seoulsearch616]

I really enjoy these deep dives. Thanks for all the hard work you put into them! 👍🏼

[@johningram6262]

The Motley Fool, a similar scam as Stansberry, at least tried to warn their customers by putting the name "Fool" in their name, for anyone who actually is foolish enough to be one of their clients.

[@rplayer360]

Motley fool is not a scam

[@life_of_riley88]

​@@rplayer360Maybe not a "scam" but definitely not very well informed.

[@life_of_riley88]

I should clarify that people need to be very careful of which information they follow on the Internet. Back in the early days of web based financial services, it was common for small groups of "researchers and professional chart technicians" to release information and predictions based on their "findings" and unfortunately these were just schemes to suck the unwitting general public into taking the other side of the scammer's trades. With the ineptitude of the current SEC, this type of bogus info dissemination is all over the place today, and you need to REALLY be careful. No one knows WHY markets move unless they know the very specific people who have the money and motivation to actually do it(and those people do exist), so trusting random internet "experts" in clown clothes is dangerous.

[@bradyanderson2404]

I do enjoy the stansberry investor podcast as they have great guests across all industries/expertise but the ads they run are just comical. I didn’t realize the depth of the sketchiness. I clicked on one secret stock add and wasted 15 minutes before realizing it was just a ploy to get money

[@Chris_Richard]

His best friend died under very suspicious circumstances. You should do a video on that too. Great vid, thanks.

[@CountessNicoleDeLancret]

Yup. Rey Rivera, shown in that photo with him.

[@johningram6262]

Anything with the "Stansberry" name on it, is a scam. They even try changing their name, but people were too smart for that.

[@CanadaAstro]

Agora and Stansberry hire the very best copywriters in the world. They write the ads to convince you to buy these newsletter’s subscriptions.

[@hexfxtriks]

Yeah I've 'lost' my savings about 100 times in the last 10 years.. I just always forget to take 'advantage' of these fabulous offers!

[@junglejarred6366]

When somebody literally designates and broadcasts themself as a pirate and people still trust them and give them money, who's fault is it

[@Nowhere-from]

Ditto for Motley Fool

[@user-hw5ow9zr7q]

I'm amazed that people get sucked in by obvious crap. There's been so many examples of exactly this and if people choose not to learn then they deserve to lose. Seriously no sympathy. There is no easy way, no magic pill. Just do the work!

[@saltmerchant749]

They were on Mike Huckabee's mailing list, is it any shock that they're not financially literate?

[@kevindudson2344]

Desperation is messed up.

[@albeit1]

All the more reason investors need education to be “sophisticated”, not just a net worth.

[@user-hw5ow9zr7q]

@@albeit1 these people are not educating, they are taking advantage and in most cases ripping people off blind! Real education is something you get when YOU do the research, YOU make the mistakes and learn from them. Not by getting bullshit tips from people who know no more than you do and who's sole purpose is relieving you of your money!

[@Field_Marshal_Emu]

The financial side, yeah, can agree with that, not doing your due diligence, too good to be true, etc. With the "cure for cancer in the book of Matthew", I have seen enough people facing the news from their doctor that there's no longer anything medicine can do to save them (end of life care). At this point, you'd be surprised how many parasites will crawl out of the woodwork, promising miracle cures to the dying. Even when faced with the fact that their cancer is now untreatable, hope always prevails. These parasitic bastards that prey on the dying use this to their advantage.

[@davedawn1794]

WSM, Im surprised you didnt mention Porter’s involvement in his best friends murder! It was one of the strangest cold cases I’ve ever heard. It was on unsolved mysteries, the netflix version

[@jamies6534]

Noticed it too. That photo was highly featured in the Netflix show. Bizarre case.

[@kevinjoseph517]

yes

[@trailerparkcryptoking5213]

Never heard about this. Who was the friend? He always claimed to be best friends with one of his newsletter writers Dr Steve Sjugeruud....

[@jamies6534]

Rey Rivera. Pretty tragic and a long time friend of Stansberry. The Netflix show leaves more questions than answers..@@trailerparkcryptoking5213

[@jonathanj8303]

If the lifetime value of their entire current customer base is approximately $1.5Bn - and they have basically no other assets or IP I assume - what on earth justifies going public at a $3Bn valuation? Oh, SPAC. Nevermind.

[@conduit242]

It was sad to see Daniela Cambone trash her career by going to Scamsberry

[@ralphbryant4575]

I believe she has jumped ship and going to ITM Trading. Not sure that is a wise career move either, but maybe it will stuff a sock in that obnoxious Lynette Zang's pie hole........

[@MortonT1958]

I figured that she was knockin’ boots with one if their executives.

[@leematthews6812]

She's moved on to ITM Trading now...

[@conduit242]

@@leematthews6812 she’s really fallen down the boomer fear rabbit hole

[@AMD7027]

Stansberry still relentlessly flogs silver with their infomercials online. He is a one trick pony that unfortunately keeps finding people to pay.

[@Labbfreak]

Munecat discusses the history of the silver standard and why there is this weird focus on silver for people with certain ideologies in her crypto video essay and her interview with crypto critics corner.

[@karlferguson]

Motley fool was at one point well regarded but now I’m reading their reviews online I’m not so sure. Maybe time to do a deep dive on these dodgy newsletters

[@mscolli3]

I outperformed the S&P for years thanks to Motley Fool. But if they've declined in the past few years that's sad to hear.

[@DaGazz369]

Yeah, sadly they Are not what they used to be.

[@hoi-polloi1863]

@@DaGazz369 I wonder what happened? Did they have one smart guy who left, or did their methodology stop fitting the market, or...?

[@DaGazz369]

@@hoi-polloi1863 Everybody Gangsta Until until bear Market…

[@anonymousdonor8084]

I subscribed to the MF news letter. It was obvious that they were not performing anywhere near what they claimed when I tracked their suggestions and analysis. After about 2 years I dropped them as I never developed enough confidence in their opinions to invest accordingly.

[@Crazyfootballguy]

As a side note, the economy is collapsing. As inflation destroys your currency it also destroys your savers and wage earners. The poorer classes are getting poorer faster. The riots of the last few years weren't just about race. Its building folks.

[@supportmalphite8769]

So they took peoples money and basically shidded and farded all over them

[@Cincy32]

Coomed too.

[@gomahklawm4446]

@Cincy32 I've seen that word used online a lot. What does it mean?

[@chiquita683]

​@@gomahklawm4446you'll understand when youre older

[@DuncanL7979]

​@@gomahklawm4446 Coom - to ejaculate

[@SithLordmatthew]

You didn't mention their most obnoxious tactic. The videos could only play forward you could pause but you could not go back and you couldn't skip forward. You would realize this 10 mins in and see there was another hour of this to go.

[@sandworm9528]

F12, ctrl+f, search "mp3", copy paste the src URL and download the video. You can skip forward and back in your desktop media player

[@thegray5730]

His strategy of multiple news letters is identical to how the media presents their narratives, one owner with many names.

[@taterkaze9428]

Nope. Mainstream media doesn't intentionally deceive. They do screw up regularly because "journalism" today is just an advertising vehicle that doesn't budget much for genuine research. Look to the right if you want intentionally deceptive "news". It's funny that Stansberry targeted the Fox demographic. Knowing that MAGAts lost money through their ignorance, greed, and arrogance makes me smile.

[@CjplusLj]

Yep, 6 corps

[@weekendatbernies2265]

Yes, once you learn how any scam runs, look for the footprint in other areas. Can usually be parlayed to other sectors.

[@samsonsoturian6013]

Note the definition of market advice was made deliberately to exclude newsletters

[@rapturereadyyt]

You should do a video on why Kitco News keeps losing its news reporters. In just a few years they went from Daniela Cambone, to David Lin, and now Michelle Makori.

[@carloschu7127]

Dianela Cambone went to Stanberry Research.

[@ct12969]

@@carloschu7127I think she is with ITM trading now.

[@weekendatbernies2265]

@@carloschu7127 She now with ITM Trading

[@leecooper3852]

She is a con Artist also ...I called her out on an obvious scam a few years ago...she never replied

[@BlueToronto]

Lin went indepedent. I have watched some his stuff but I've kind of lost interest since he started shilling "sponsors."

[@mrjaratpon]

Pls make a video of companies as soon as it merge with a spac. That would be a signal for us all to short the hell out of it.

[@caesaraugustus7587]

Brownstone Research (FRAUD) should not be confused with Brownstone Institute (policy analysis).

[@likemysnopp]

plenty of names that are used by like 50 different things and companies.. I think many even do the whole generator thing just to come up with a name tbh.

[@seanhunter111]

Also not to be confused with Blackstone (private equity) which is not to be confused with Blackrock(investment management). The industry doesn't do itself any favours tbh.

[@dartz005]

Get Poor Quick should be the official slogan for all those scams that promise "quick returns". But of course, there's no legal way to force companies that promise "quick returns" to change their slogan to more accurate version. Since why would they want to advertise being able to lose all your money in their worthless garbage.

[@markcrisp07]

Well..not all Go and look at some stocks that make 400% annual gains See if you develop a system to catch them.

[@timothythompson4036]

Standsberry Research does analysis of the gold and silver billion market. Their predictions are always wrong.

[@billbaden742]

I hate these scammers and know they have sold their soul and will get what they deserve

[@patrickmckeag3215]

Great video. Thank you for all your hard work exposing these frauds.

[@bestprice1776]

Just do the opposite of Cramer and you will be a great investor.

[@johnteets2921]

As one old broker in Boston once said "if they're lying, you're a sucker, if they're not, you're a felon."

[@Singularity24601]

Obvious scam if you just think about it for 30 seconds: if someone really had a great stock pick (ie, not a fluke, not a pump and dump), they wouldn't be trying to make money by selling you that information; they would be buying their own stock picks.

[@DuncanL7979]

That's true to a point. Investors only have so much money, and what are they to do once they've fully positioned themselves? Talk the position up in order to draw more liquidity and drive the stock up. If you can make extra money selling the info then that's a bonus.

[@markcrisp07]

Why do hedge fund managers worth billions trade opm? Warren Buffett still does it

[@Singularity24601]

@@markcrisp07 Exactly, they *trade* OPM: rather than just selling their stock picks, they put their assets under management where their mouth is.

[@me-myself-i787]

Yeah, obviously. They would put their own money in. But then, after that, they would still sell the stock pick. After all, why make money when you could make more money? Selling stock picks isn't necessarily a scam.

[@seanhunter111]

@@markcrisp07 In many cases because they are large enough to be required to disclose their positions for regulatory reasons.

[@mikeh.1130]

As society keeps dumbing itself further and further down (As is the plan) then this fraudulent activity will never end.

[@heinzriemann3213]

It's not the plan. It's the natural way of late stage capitalism.

[@frankburklin1116]

My favorites quote is timeless P T Barnum "There's a sucker born every minute " Unfortunately I've loaned money out several times so I willing place myself in this category. Ha ha

[@jamesodell3064]

When I see their ads I often click on them since it will cost them a little bit of money. The more people who click on their ads without buying their newsletter the less money they make. As for a certain preacher/politician who is doing an interview ad with them tells me he has no ethics. Keep up the great work!

[@vooteimer1234]

Sounds like a job for 4chan

[@tocsa120ls]

The "failsafe strategy" is always the martingale with these clowns 😂

[@DanWhe]

A lot of people predicted the 2008 crisis. I personally know 2 financial advisors and 3 company owners (non financial companies) who knew it was coming, and I work in infrastructure.

[@RhythmBoy]

I remember that gloomy Stansberry video after the 2008 financial crisis. They were basically "predicting" the end of civilization as we know it, but if you bought their Special Report you'd be safe. It was obviously a sensationalistic and wrong prediction and I stopped listening to their podcasts since I used to devour anything coming out of that office for entertainment mostly, never took their advice thank God or their stock tips

[@brianbailey4577]

Worse thing I did was join Stansberry….they cost we tens of thousands in bag investment advice.

[@1janeybug]

I’m sorry Yes, the pitch is the world is coming to an end and they saying secrets that no one will tell you run run run away

[@trailerparkcryptoking5213]

Ditto! Tens and tens of thousands!

[@tylerwinkle323]

they convinced one of my friends to go all in on options trading on obscure stocks, and now he has lost his house, his car, his job, his wife, and his dog

[@tenminutesafterdrawing]

Right in the middle of this video, a Stansberry Research commercial started playing. Same face, same format, same promise, I thought it’s from the video at first. Hahahahaha you made my day! Thank you very much.

[@jhpmurphy]

"...a con man and a clown" And a sociopath.

[@mstengel777]

Great video, thank you. I ahd no idea, and it sucks because I reasonably like Daniella Cambone but now I can't even imagine to watch another epiosde of Crapbury

[@girlafraid4045]

not to mention the sus "suicide" of his friend who went to work for him. rey revera. the taller guy standing next to the younger porter pic in vid. saw it on true crime doc. dateline or 202/20 i think.

[@dactorjones2430]

Never listen to any “experts” or “analysts”….learn how markets work, be patient, average in and out, diversify, and have a predetermined yet flexible strategy.

[@GodSpeed161]

Keep up the great videos! What do you use for your stock footage?

[@Argumemnon]

"Portrays himself as a ... genius" Yeah, anyone who portrays themselves or is portrayed by others as a genius should be severely doubted.

[@75pdubs]

He actually doesn’t. He grew up with Sjugerud and said Steve was always the smartest guy he knew. Porter always claimed he was well-read but of average intelligence. I don’t like SR but this clip is just misleading people as clickbait (ironic).

[@alkostach]

"a conman and a clown" - that's a lot of damage

[@user-dm84]

Younger Stansberry looks like Peter North

[@method341]

😂😂

[@bitplaya7432]

Also famous from Unsolved Mysteries when an employee and former friend jumped off a hotel building in Baltimore

[@hblee88]

REY RIVERA is his name. RIP

[@usptact]

If you sold your “research” newsletters in which you advised people to NOT fall for SPACs, you would deserve that money!

[@Tilten]

The American dream is to become a successful grifter.

[@johanstjern4118]

Ah the good old early 10s. Where half of all comments where telling you in caps about the impending ‘uran/silver bull run mega cycle’.

[@ask_sigma6]

You don't need a crystal ball to see the future markets and economy are in a macro economic downturn...

[@muskreality]

Remember folks if it's sounds too good to be true you're probably dealing with a rookie

[@wtf123560]

Similar to The Motley Fool only worse. 😆

[@garyjones3142]

Rick Rule--17Tips !

[@jimharvey4941]

No substitute for your own DUE DILIGENCE.Then you have no one to 'blame.'

[@immoulin]

Great analysis on this long time ‘greed’ factory. Some ‘guru’ names will scratch their heads no doubt. Category FTX.

[@McElvinn]

After a massive rally in stocks came and yields collapsed, bond yields and the major averages are higher on Wednesday. How do we deal with such market conditions? Typically my $2m worth of holdings go up 8% then lose 20% right after and the cycle continues.

[@AUstinnesc]

Investors embracing the idea that abruptly cooling inflation will put interest rate hikes on ice. During recessions your dividend gains or income reduces. Speaking to a certified market strategist can help with navigating this downturn.

[@sheltonPston]

True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.

[@corrySledd]

My partner recently hinted on going in the same direction, What did you invest in? Who is the advisor that guides you?

[@sheltonPston]

I've shuffled through a few advisors in the past, but settled with 'Nicole Desiree Simon' her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.

[@corrySledd]

Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@charleswinterfeld5107]

I'm sorry to admit that I bought his new letters for years and lost $1000s. Thank you for posting the truth about him.

[@stumac869]

Why would anybody tell you how to make money with a full, proof system if they can do it using their own savings. If it's that good these people would be wealthier than Buffet.

[@alleneverhart4141]

I bought a 1 year subscription to Empire for $75 but the stock picks underperformed the market. Meanwhile Mr. Tilson regaled me with stories of his personal life- renting an RV to climb Half-Dome, etc. It got a little sickening. He was living the high-life on subscription money, not by his investing acumen. Needless to say, I did not renew.

[@george6977]

Is that the Stansberry that's always promoting Bitcoin, Gold and silver on KZbin?

[@markwilkins8314]

Yes

[@snappyone]

Was daniela cambone working with them, or they advertised a lot on her show. If she did onlyfans, she'd make a lot

[@75pdubs]

She does their YT podcast

[@trailerparkcryptoking5213]

She was with Kitco, but went to work for Stansberry after having her twins.....She looks good from the boobs up, but I seen her entire self in an interview video walking around and she is a very large woman, tall and big boned, doesn’t match what you would expect and not onlyfans material....

[@markhirstwood4190]

Buy the index. That's it. Anything else is a lie for fees. Not my advice, Warren Buffett says it, 'Stay out of debt, have savings, ignore the experts and buy the index through thick and thin.' 8% a year indefinitely may not sound great, but it works.

[@WWG1WWGA]

what is the index, if you dont mind.

[@me-myself-i787]

​​​@@WWG1WWGAPresumably the S&P 500, through an ETF such as SPY. That's the one Warren Buffet always recommends (although he recommends VOO instead of SPY, presumably because of the slightly lower expense ratio).

[@brianw2033]

I worked at a company mentioned in this video. Extremely unethical practices. I left after about 6 months and it was the best decision I have ever made. Now work at a very reputable asset manager.

[@user-zp7jp1vk2i]

"highly regulated".....look at vacuum cleaner saleman Gordon Belfort: he and his sales crew in NJ simply outright IGNORED the so called "rules". He never was on so callled "Wall Street", he's a salesman and once he had your money, simply refused to return it.

[@jasonbourneistreadstone]

Jordan Belfort. You mixed him with Gordon Gekko (fictional) from one of my favorite movies, "Wall Street". And you're right: He just outright ignored the rules and also, based on my research, some of those pump-and-dumps he did on the penny stocks were mob "honey pot" investors and he got his cut as well and they knew when to get out, etc. Amazingly, he never went to prison. The movie was also excellent, btw. with Leonardo DiCaprio.

[@DanR-kc1yt]

Jordan Belfort started doing cryptocurrency seminars two or three years ago. That told me everything I needed to know about that market. It's the new penny stock boiler room pump and dump scam.

[@jasonbourneistreadstone]

@@DanR-kc1yt Imo, he's right. Everybody shilling the halving and pumping BTC now. The Whales are the ones who win. That market is heavily manipulated by whales both local and overseas.

[@me-myself-i787]

​​@@DanR-kc1ytJordan Belfort also made stock recommendations, and the stock market isn't all small-cap pump-and-dumps. There are some large-cap cryptocurrencies available, such as Bitcoin and Ethereum.

[@lv4077]

He’s definitely missed his calling.He would make an extremely successful politician

[@dwaynemcallister7231]

Thank you for this, enlightening. What ever happened to Daniella Cardone?

[@LittleRadicalThinker]

6:35 Oh ya, the 7 country study in nutritional science by Ancel Keys, the most famous cherry picking publication of all time.

[@gabrielsyt]

I hate scams and the dirtbags running them. Thanks for the deep dive into these scams.

[@chadakoin1]

This guy knows hundreds of ways to double and triple investments. What is the incentive to sell a newsletter?

[@user-mn2iu6uy8m]

te most astute point of all

[@markcrisp07]

It takes 10 seconds of common sense to work it out. Suckers ignore it

[@garyjones3142]

More money !

[@xulshaenlightened5860]

Every time I would get one of those KZbin ads I’d report it to KZbin as a scam.

[@jameslegrone498]

Oh so glad you are looking into this

[@LASLOEGRI]

I’ve followed Porter for decades always knowing he was a swindler. His real talent is writing stephen King class horror fiction designed to scare you into buying his next chapter. Kind of like watching WC Fields play pool with a bent cue.

[@scott7521]

Yes, he's human rubbish. I was at EuroPac for 10 years and was swindled.

[@WWG1WWGA]

New subscriber! Really informative video, thanks. I currently subscribe to Palm Beach newsletter and the Oxford Income newsletter. So far so good!

[@szabo50]

Ive always asked the people who have solved the mystery of getting rich and wanting to share it with me (we arent sleeping together so why would they share ?) Why don't you borrow tons of money and do it yourself,why do you need my money? They never get back with an answer.The same experts who have been wrong for the last 20 years and never provide any info that is actionable are usually the ones going on about it.Members of the US Senate who only trade on insider info and have all become millionaires while being politicians never share any info and never bother trying to sign me up for their insights.

[@JesseMaurais]

Even if they are bad at picking penny stocks, odds are that some small part of their thousands of subscribers will see a return. And of that part, some will take it as evidence of skill, because numerical literacy is extremely poor in the general population.

[@donseesyourshaydim7529]

That. Was. Solid!!! Excellent, engaging, and thorough!

[@GillianKleiser]

Just as a curiosity, in 2005 during one of my economics classes ( as an uni undergrad student) the topic was the looming economic crisis in the USA caused by risk caused by large quantities of bad loans taken by major financial institutions related to housing and mortgages. This was discussed as a known and understood issue among academics at the time, my professor even implied and discussed the inability of other states to dig the USA out of their financial issues because no other economy is big enough to bail out the us banks. Since the causes were well known, the situation was so clear to be studied in universities in the UK, how come nobody did anything??? I always found incredible to believe this crisis was nothing other than planned and wanted by large operators that made billions in the process getting rid of weaker competitors and siphoning even more money out of governments and pension funds.

[@Picasso_Picante92]

The tall dark man standing next to Porter in the old photo, wasn't that the young Puerto Rican guy that worked for Frank and died under mysterious circumstances? Forgot his name.

[@ronwinkles2601]

I used to get their news letter, but I dropped them and stuck with real estate. I made millions over the course of time in real estate. I never lost a dime over the last 55 years in real estate. In fact, I made more during the great recession than any other period.

[@Deriv44]

This feels like those old late night tv commercials with people saying how much they made 🙄 with the crap they where selling 🙄 😒

[@zanderbam6546]

They did call obamas 3rd term see joe biden.

[@DanR-kc1yt]

The Wall Street scammer getting scammed by Wall Street, poetic Justice really.

[@jonaschristensen2295]

I knew I had heard/seen the name before. Porter and his company is mentioned in a netflix series about unsolved mysteries. He was friends with a guy named rey rivera who died under strange circumstances. You can even see Rey in the video. He is the darker guy seen around 5:40 standing next to Porter.

[@philiparmstrong9025]

Yep apparently he got a call from Agora, left in a rush, and then was found dead three days later. His death looked like it may have been staged as a suicide.

[@kevindudson2344]

It was prolly dude who killed im. 😂😂😂😂

[@zoomer9686]

The guys had first break psychosis, no mystery there.

[@alr9967]

SPAC lol. During the mania people were paying $15 or more for $10 SPACs that didn’t even have a known target company. Total joke it was.

[@globalismoblackman]

Lol Lords🤡Clown Motors Inc is one of them snake oil sales stock 🤣🤣🤣

[@Football__Junkie]

I always felt that Stansberry was just another doom 'n gloom guru who uses the Chicken Little Sky is Falling method to scare people into subscribing to his newsletter and selling them gold/silver. I put them into the "Crash Bros" category. Peter Schiff, Harry Dent, and Robert Kiyosaki also play this game. Patrick Bet David has got into the game recently as well.

[@charlesritter6640]

They are all technically correct. The dollar will see Hyperinflation at some point. They are just wrong about when it will happen (nobody knows )

[@sparsparkster]

Charles, if they're wrong about the time won't that make them technically wrong?

[@75pdubs]

@@sparsparksteryes, timing is the most important factor in trading/investing.

[@wnose]

Fear works as a motivator and also bypasses common sense

[@ducknorris233]

I’m always impressed how people like Madoff and SBF don’t have nervous breakdowns while the scheme is ongoing. They musk literally live in the moment.

[@nkugwamarkwilliam8878]

Cool thanks , could you make a video of Jumia as some say it may collapse and the history of rocket internet