Poker Winning Hands

What's Wrong With the Hedge Fund Industry?





Despite the multitude of problems facing our country, stocks keep moving higher and higher, leading more people to question if we’re currently in a bubble.

This leads Dan to explore two important questions. What do you do with your money when you know you’re in a bubble? And what do you do if you know that bubble can last for years before popping?

Then Dan invites Andrew Beer, Managing Member at Dynamic Beta Investments, on to the show to answer some questions about the world of hedge funds.

Andrew joined the hedge fund industry in 1994 as a portfolio manager at Baupost for the legendary Seth Klarman. In recent years, Andrew’s focus has been on how the hedge fund model can be improved based on liquidity, access, and cost perspectives.

Dan and Andrew discuss his start in the industry and how things have changed over the past 3 decades. Andrew shares some of the reasons hedge funds have declined in popularity over the years…. and how his firm, Dynamic Beta Investments, is looking to change that.

And finally, on this week’s mailbag quite a few listeners write in to give their perspective on what living through a coup is really like. Some agree with Dan while some others take exception with how Dan spoke about the situation. One even accuses Dan of being a Trump cultist!

Listen to Dan’s fiery rebuttal to this email and more on this week’s episode.

Interested in more from Stansberry Research? Check out the American Consequences podcast here:

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