
In this week's Stansberry Investor Hour, Dan welcomes Alex Morris back to the show. Alex is the founder of TSOH (The Science of Hitting) Investment Research and an author. TSOH, which boasts more than 24,000 subscribers, aims to generate attractive long-term returns while providing complete transparency on the research process, portfolio decision-making, and returns.
Alex kicks things off by reflecting on the potential changes in Berkshire Hathaway due to the passing of Charlie Munger and Warren Buffett's retirement. He believes the company is in a good position to continue the momentum that was built up when Buffett was at the helm and acknowledges that the issues the company currently faces were present during Buffett's final days. Alex then begins sharing the names of companies that have fallen but he believes will be able to improve their positions. Though he's wary about picking beaten stocks that might be going nowhere. (0:00)
Next, Alex gives his outlook on the next set of stocks he's considering. The first was impacted by the COVID-19 pandemic. But Alex believes that it's taking the right steps to combat inflation without causing its customers to turn away. The second stock is in a niche field. It's currently facing headwinds from a stagnant housing market, but Alex is confident that once conditions improve, the company is set to boom. The third is building up its business by providing higher-quality, premium beverages compared with the competition, which can produce loyal customers who won't want to settle for anything else. And the fourth also provides premium products, only directed at the egg industry. (24:54)
Finally, Alex discusses his final stock pick. This is a company that has faced controversy surrounding user safety, but Alex says the company has improved and continues to improve its safety protocols and is righting the ship. In the long run, he sees the company being comparable with YouTube due to the way its creators make experiences that can't be rivaled by any similar platform. And he concludes by stressing the importance of creating goals in your life. (44:13)
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