Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Dan Ferris
Paul Podolsky: The Hidden Risk in Your Stocks Nobody Talks About
In this week's Stansberry Investor Hour, Dan welcomes Paul Podolsky back to the show. Paul is the founder of investment management firm Kate Capital. Paul believes that while the world is complex in how it functions, it can still be understood, and he reflects that in his investing and writing. Paul kicks things off by explaining why bond yields are rising. He says there's an increased amount of borrowing caused by the U.S. government and the AI build-out.
An 'AI Vanity' Bonfire
An epic run... Meta's bombshell... The burning has begun... The market shoots the generals... Three reasons to welcome a bear market... Can you afford to ignore my warning? Is it over? I (Dan Ferris) don't mean the Iran war, high diesel prices, or the riots in France. No. The "it" investors care most about is the AI bull market that started on November 30, 2022 – the day ChatGPT launched. Since then, the S&P 500 Index is up about 87%, and the tech-heavy Nasdaq Composite Index is up more than 125%.
Nick Hodge: The Coming Copper Shortage and Two Mining Stocks to Watch
In this week's Stansberry Investor Hour, Dan welcomes Nick Hodge back to the show. Nick is the co-founder of Digest Publishing and an expert natural resource investor. Nick kicks things off by explaining why he's still bullish on gold since the last time he was on the show. Between several fundamental drivers he sees in the market and miners producing less gold than before, he predicts the metal will keep moving higher.
Why You Must Own Gold
You must own gold... I (Dan Ferris) need to be clear about this. I don't simply recommend that you own gold. I don't think you should own gold as a good portfolio diversifier. What I'm telling you is that not owning gold is simply not an option. The reason is very simple... The U.S. government is in so much debt, it'll need to print a lot more money just to cover the interest. Governments always get themselves into financial trouble.
Ben Hunt: The AI Boom Could Trigger the Next Financial Crisis
In this week's Stansberry Investor Hour, Dan welcomes Ben Hunt back to the show. Ben founded Epsilon Theory, a newsletter with more than 100,000 readers that examines markets through the lens of narrative. He's also the president and co-founder of Perscient, an AI research firm and software company. Ben kicks things off by explaining why interest rates have been going up and why the rise might not be as much of a short-term event as folks believe.
Fade the Hubris | Stansberry Research
The U.S. 10-year Treasury yield is the most important asset price in the global economy... The Federal Reserve sets short-term U.S. interest rates, but the market sets long-term rates, mostly via the 10-year Treasury. It's the benchmark for corporate- and sovereign-debt issuance all over the world. Its yield is a global economic signal. You see, it trades in the U.S.'s $61 trillion debt market, the world's largest at about a 38% share of the global debt market.
Dan Ferris: Copper Could Double – and He Says You Have to Own It
In this week's Stansberry Investor Hour, Dan welcomes Bridget Bennett to the show. Bridget is the digital media producer for MarketBeat, where she tracks down market developments and financial news and conducts interviews for MarketBeat's videos and livestreams. In today's episode, she flips the script and interviews Dan in a special collaboration. Bridget and Dan kick things off by discussing diesel. Dan says that the commodity sits at the heart of the global energy crisis.
Rob Spivey: He Found Six Small Defense Stocks Positioned for the Coming Spending Spree
In this week's Stansberry Investor Hour, Dan welcomes Rob Spivey back to the show. Rob is the director of research at our corporate affiliate Altimetry. He and his team utilize their proprietary Uniform Accounting strategy to dig through the as-reported numbers in company reports to find their true value. Rob kicks things off by providing a deep dive into Altimetry's Defense Gold Rush webinar. In short, the Association of the United States Army ("AUSA") is hosting its annual confab in October.
Joel Litman: We Are NOT in an AI Bubble
In this week's Stansberry Investor Hour, Dan welcomes Joel Litman back to the show. Joel is the founder and chief investment officer of our corporate affiliate Altimetry, where his team uses their Uniform Accounting system to look beyond the as-reported numbers in financial reports to see how companies are really performing. Joel kicks things off by discussing the increases in the U.S. military budget and says that investors should be wary of which stocks they decide to buy.
Bryan Beach: He Never Would Have Bought These Stocks – Until Now
In this week's Stansberry Investor Hour, Dan welcomes Bryan Beach back to the show. Bryan is the senior analyst for Whitney Tilson's Ultimate Upside and a senior analyst on Stansberry's Investment Advisory. Bryan kicks things off by discussing what's new in the Whitney Tilson's Ultimate Upside newsletter (previously Venture Value).
Ramin Nakisa: The 90/10 Portfolio Strategy Every Investor Should Know
In this week's Stansberry Investor Hour, Dan welcomes Ramin Nakisa to the show. Ramin is the co-founder of PensionCraft, a service that's geared toward providing members with the tools and information needed to make their own informed investing decisions. Ramin kicks things off by explaining his reason for switching from a global equity portfolio to a fixed equity 60/40 portfolio.
Jason Shapiro: Most Traders Are Focused on the Wrong Thing
In this week's Stansberry Investor Hour, Dan welcomes Jason Shapiro back to the show. Jason is the founder of Crowded Market Report and a seasoned futures trader with a proven approach built on exploiting crowd behavior. He has more than 10,000 subscribers on his Substack. Jason kicks things off by detailing three signals he focuses on when he wants to make a contrarian play against what the market's doing.
Taking a Nail Gun to the Bond Market
It sounded like someone was firing shotgun shells into the ceiling... But it was just a brigade of workers armed with nail guns, putting a new roof on the Rosenberg, Texas Motel 6. When I checked in at 5:30 p.m., the clerk asked me if I'd like an upstairs or downstairs room. I said I didn't want to hear a lot of noise coming through the ceiling. So the clerk promised to give me an upstairs "quiet" room.
Markets Always Win
Ballistic crack spreads... Refiners have more upside... Incentives matter... The bond market's riot... The Treasury sprays tear gas... Inflation and rates: higher for longer... You've heard a lot from me (Dan Ferris) this year about oil refiners... In December, I warned Ferris Report subscribers about a diesel-fuel supply shock due to declining U.S. refinery capacity. I recommended they buy two oil-refinery stocks: Marathon Petroleum (MPC) and Valero Energy (VLO).
A Glorious Triumph
Learning you're wrong can be glorious... Maybe you get a quick, hot flush of embarrassment when you're wrong. Maybe you get a sense of disgust if it's a mistake you've made before. Maybe you're doing something complicated and difficult, and you've been bludgeoned with repeated errors. None of that feels good. Success feels good. Big paydays, promotions, and falling in love feel good. Unfortunately, those aren't the things we learn from.
Terror at the Edge of the Abyss
East Beach will kill you if you're not careful... San Salvador is an undeveloped Bahamian "out island," far from the tourist centers in New Providence (Nassau) and Grand Bahama (Freeport). The island sits atop a 15,000-foot undersea mountain and today has just 1,200 permanent residents. In early 1980, I was an 18-year-old freshman at Maryland's Towson University when I saw a flyer on campus about a Biology Club trip to the Bahamas.
The Embarrassing Truth About Making Things
(Almost) nothing runs on crude oil... A million barrels a day gone... The global metabolism... 'The Chicago Way'... Squeamish about messy jobs... The world is leaving us behind... Crude oil is nearly worthless... Sure, global benchmark Brent crude hit $100 per barrel this week. But good luck doing anything with it yourself. As it comes out of the ground, crude oil is a hodgepodge of thousands of hydrocarbon molecules all mashed together.
A Punch in the Mouth
Thirty years ago, a buddy of mine lost his foot to a papermaking machine... The particulars have faded from memory, but I'll never forget how much it shocked me when he called and told me about it. I vaguely remember him describing the gruesome accident. I didn't know what to say except, "Wow, man, I'm so sorry that happened to you." I distinctly remember the first time I saw him afterward. I stood in his room and looked at the prosthesis situated where flesh and bone had been. It jarred me.
The AI Data Center Boom Is Making Farmers Rich: Why Energy is the Real Winner
By | Published: July 16, 2026 Listen to the audio version of this article (generated by AI). Key Points Data-center developers are paying big premiums for land in places like Pennsylvania and Texas, making some struggling farmers and other landowners rich in the process. Land is important for data centers, but securing energy for them is crucial. Without energy, a data center is little more than a computer warehouse. Energy has been a neglected investment in recent years.
Protecting the Pursuit
Last weekend, we celebrated a birthday, a wedding, and a funeral... The birthday, of course, was that of the United States as an independent nation. On July 4, 1776, the Second Continental Congress adopted the Declaration of Independence. Most of the representatives signed the declaration on August 2. But we say the country was born on July 4 because that's when the declaration was finalized.
The Best Competitive Advantage on the Market
Editor's note: Building a new oil refinery in America has become almost impossible. That may be bad news for consumers – but it can be great news for investors. In this issue, Extreme Value editor Dan Ferris explains how new regulations are limiting domestic oil production... and why that hidden barrier creates a powerful advantage for investors. This oil refinery will never be built. That probably sounds like a bold claim...
Poor Henry: One Man's Devastating Loss... and How to Avoid It Yourself
Doc's note: When things are good and you're seeing your portfolio going up each week, it's easy to forget that things can quickly go wrong. In today's classic issue from Dan Ferris, he explains how to avoid disastrous financial mistakes... Tubs of Fun is a simple carnival game. You throw a softball into a plastic tub from a few feet away. The object is to make the ball stay in the tub. It sounds easy, but it's not. The ball is too bouncy, and the tub is too hard.
Essential Advice Nobody Else Will Give You
Editor's note: Having detailed knowledge in one particular area can cause your portfolio to thrive or decline... But there's one other crucial bit of information you should know. It's unpopular for being "negative advice," but it can help you avoid catastrophic losses. In today's Masters Series, last shared in the April 19, 2025 Masters issue, Extreme Value editor Dan Ferris shares the essential advice you must know to protect yourself...
Investing Lessons From 'The Hedgehog and the Fox'
I keep coming back to a timeless piece of advice... You must learn to "know yourself well" in order to become a better investor. Whether you've already discovered a system that works for you or are struggling to improve, investing requires great self-knowledge. As you can tell, I like simple insights that can help you quickly learn a lot about yourself. There's another one I've found that I like: Are you a hedgehog or a fox?
With AI, 'There's Always Something to Do'
AI gets the Thomas Jefferson treatment... Yesterday morning, I (Dan Ferris) attended a breakfast modeled after Thomas Jefferson's famous dinner parties at Monticello. Jefferson invited his guests to engage in spirited, moderated conversations on specific topics. And every guest participated. The breakfast was part of my friend and well-known value investor/author Vitaliy Katsenelson's Intellectual Investor Conference, held every summer in Vail, Colorado. The topic at hand? How we as investors use AI.
One Risk You Might Be Missing in Tech Stocks
Editor's note: The biggest risk in technology investing isn't competition, disruption, or even valuation. It's something far more fundamental – and most folks never think about it. According to Extreme Value editor Dan Ferris, one bond market concept could help explain why today's hottest stocks are more vulnerable than they appear... If you don't like long-term bonds, you should hate technology stocks... This probably sounds absurd. One is considered among the safest investments in the world.
It's Better to Feed the Ducks Than Be One
When the markets get really frothy, you'll often hear folks reciting an old Wall Street adage... When the ducks quack, feed 'em. It's a bit of contrarian advice... Essentially, it's counseling investors to take the other side of a trade when crazed speculators clamor loudly – like ducks – for a particular security, pushing its valuation to absurd extremes. This adage might sound familiar to loyal Digest readers...
Two Bets That Tech Investors Don't Know They're Making
If you don't like long-term bonds, you should hate technology stocks... This probably sounds absurd... But I (Dan Ferris) promise you, the two are more alike than most investors realize. After reading today's Digest, you'll understand how. And that will help you see the risk in your current portfolio with fresh eyes. Let's start by looking at a 30-year U.S. Treasury bond... If you buy $100,000 worth of these bonds, your principal is $100,000.
The 30-Year Bond Doesn't Lie
Nobody knows what the price of anything should be... I don't know. You don't know. No economist knows. No government bureaucrat knows. There is simply no way to set reliable, meaningful prices for goods and services except through free trade in fair and open markets. If you want to know what happens when government tries to take the market's place, just look at Venezuela. That country is one of the most egregious examples of government-directed price controls in modern history.
The Best Idea I've Ever Heard
Bad lighting and hotel coffee can be a magical combination... Hotel conference rooms are like warehouses carpeted floor to ceiling. The carpet deadens the sounds so you can't hear someone talking 15 feet away without a PA system. The lighting makes everybody look like they haven't been outdoors in months. The air conditioning is too cold, and all of it feels sterile and unsettling, like you've been kidnapped for a round of Squid Game.
Wall Street’s New Plan to Fill 401(k)s With Junk: 3 Big Changes That Could Hit Your Retirement Hard
By | Published: May 8, 2026 Key Points S&P 500 inclusion rules may soon change, potentially making it easier for upcoming mega-cap IPOs like Anthropic, OpenAI, and SpaceX to join the index. Proposed revisions include loosening requirements around profitability, liquidity, and IPO seasoning periods. The changes could allow large but unprofitable companies into the S&P 500 more quickly, potentially exposing retirement investors to riskier businesses. Get ready.
The Hunt for My Next No. 1 Stock Pick
Jet fuel is only the latest example... Market shockwaves will continue... A new mining supercycle is here... Explosive gains in long-forgotten assets... Find your highest-conviction business... Then forget you own it... In December, I (Dan Ferris) had no idea an energy crisis was coming in... I had no idea the U.S. would go to war with Iran. I had no idea that oil prices would soar into triple-digit territory. And I had no idea that a shortage of jet fuel would make headlines this month.
Worry About AI, Not Oil
No matter when the war ends, higher oil prices are here to stay... Last week, the Washington Post spelled the problem out perfectly: It could take six months to fully clear the Strait of Hormuz of mines deployed by the Iranian military, and any such operation is unlikely to be carried out until the U.S. war with Iran ends, the Pentagon has informed Congress – an assessment that means the conflict's economic impact could extend late into this year or beyond.
How Government Rigs the Game
Ceasefires and ceasefires... Don't be too smug... Trump can't repeal laws... U.S. supermajors aren't building here... Bad for consumers, good for investors... The new Permian... I (Dan Ferris) thought a ceasefire was an agreement to stop shooting... But since the U.S. and Iran ceasefire was first announced two weeks ago, there seems to be a new headline every other day about Iran shooting at a ship in the Strait of Hormuz.
What the Iran War Will Teach the Market
The U.S. has been at war with Iran for 48 days... For about the first 30 days, the market hated it. From Friday, February 27 – the day before the war started – to March 30, the S&P 500 Index fell about 8%. Since then, the S&P 500 is up about 12%. Amid signs of the war easing, it hit its first new all-time high since January 27 on Wednesday – Tax Day, April 15. And today, Iran said it would no longer block shipping through the Strait of Hormuz...
The Energy Crisis Is Here, Part 2
The market today is like the deck of a ship covered with passengers... Everybody on board was fine with where they were. Then the ship's crew set off a fireworks display from one side of the ship. The passengers all crowded over that way to see it. The ship listed badly, and they all headed back the other way in a panic... They rushed back and forth, correcting each mistake by making the opposite one. That's the stock market with the Iran war right now.
The Energy Crisis Is Here
Diesel prices have soared... When things can't move, the economy dies... A global crisis... The Iran war has highlighted vulnerabilities... Opportunity in crisis... The crisis I've been warning about is here... As I explained earlier this month, even without the war in Iran, we've been facing a global supply shortage of oil and gas. You see, our modern standard of living is built around energy. The AI boom is only increasing demand.
The Fireworks Factory Is Exploding
When you start your car, fuel begins exploding beneath the hood... Internal combustion is violent. But the process is controlled and predictable. And you can stop it whenever you like by turning your engine off. Going to war also involves explosions. But it's not like starting a car. A country can control its own actions during the conflict, but once the explosions begin, it can't control how the conflict evolves.
This Is the Real Energy Story
Is the U.S. at war with Iran? It sounds like a simple enough question. But the U.S. Constitution says our military isn't supposed to go to war unless Congress approves it, and that hasn't happened. Still, the executive branch of our government has a history of ignoring this apparent inconvenience. And it's worth pointing out that Congress never declared war on Korea, Vietnam, or Afghanistan (among other modern military engagements).
The Trade of the Year... Maybe the Decade
Alarm bells of the top... AI isn't really about software and robots... It's about energy... Our modern standard of living is built around energy... The trade of the year – maybe the decade... I (Dan Ferris) am looking more and more like a sign of the top... In my December 5 Digest, I told readers I had changed my tune on AI: Well, the fact is that the AI boom rhymes significantly with the nearly decadelong dot-com boom.
How the Stock Market Goes to Zero
And regular readers know that I (Dan Ferris) don't make predictions. However, the market falling to zero isn't as far-fetched an idea as most folks would like to believe. And that could put a lot of investors at risk. Before we move on, just know that I'm not recommending you sell all your stocks and bonds so you can buy guns, gold, and groceries and head to an off-the-grid cabin in the Idaho wilderness. I simply want to tell you about a risk in the stock market.
Between Hyperactivity and the Coffee Can
Just before you received my weekly Digest essay on Thursday evening, I (Dan Ferris) stopped out of the iShares Silver Trust (SLV) in The Ferris Report. As I told Ferris Report subscribers the following day, a highly volatile market environment is no place to start second-guessing your stops. It's exactly the place where you must maintain the most iron discipline. So I recommended selling. We recorded a 244% profit for The Ferris Report's model portfolio.
Why I Sat on My Hands
In last Thursday's Digest, I (Dan Ferris) warned you about silver. At the time, silver was up more than 55% since January 1 and more than 250% over the past year. I wrote that holding big gains in an asset like silver is a good problem to have – but it is a problem that must be dealt with properly. The very next day, silver was absolutely bludgeoned. It fell nearly 32% by Friday's close, according to data compiled by Bloomberg.
A Good Problem to Have
That's a blunt way of saying that recognizing, understanding, and controlling risk are important skills every investor must learn. Without them, actively managing your own portfolio is more likely to create heartbreaking losses than satisfying gains. The first and most important goal of these skills is avoiding catastrophic loss (which we alluded to last week).
The Only Investment Idea Nobody Is Thinking About
How I've learned to think... Readers respond to my speculative advice... Nearly everything is a speculation today... Two paths to catastrophic losses... The only thing nobody's thinking about... Editor's note: As we mentioned yesterday, we're about ready to debut our annual Stansberry Research Report Card, where we evaluate our editors' portfolio performance. We'll publish Part I tomorrow, so regular Friday essayist Dan Ferris is writing today's Digest. Enjoy...
Speculation Is Getting Interesting
An AI cancer-diagnosis innovator... Nuke stocks soar... Everything has soared... How the Trump factor changes speculating... 'The President's Market'... Even grizzled vets are bullish... Well, that didn't go very well... In October, I recommended my first AI stock to subscribers of The Ferris Report... Tempus AI (TEM). On January 2, I advised subscribers to cut their losses. Amid market volatility, TEM shares had triggered our trailing stop.
The 2026 Investing Landscape
Regular readers know I don't make predictions. So talking about what will happen this year might sound weird coming from me. But I'm talking about the 2026 investing landscape as it looks right now... While some 2025 trends might continue this year, many of the year's top stocks likely won't perform anywhere near as well in 2026. You see, the excitement is already baked into their stock prices. By "baked into the market," I'm talking about stocks like Palantir Technologies (PLTR).
What to Own When the S&P 500 Is This Expensive
Every Friday, I (Dan Ferris) warn Digest readers that U.S. stocks are expensive and risky... Then I mention briefly that you should stay invested in the market. My warning still holds. I'm still bearish in the broad sense. But today, my main focus will be why I'm still buying stocks and recommending you do the same. Since December 2020, I've expressed much concern off and on (mostly on...) that U.S. stocks are in risky territory.
Investing Lessons From 'The Hedgehog and the Fox'
I keep coming back to a timeless piece of advice... You must learn to "know yourself well" in order to become a better investor. Whether you've already discovered a system that works for you or are struggling to improve, investing requires great self-knowledge. As you can tell, I like simple insights that can help you quickly learn a lot about yourself. I've recently found another: Are you a hedgehog or a fox?
The $1.5 Trillion Aimed at Your 401(k)
And just a few days later, Todd Combs – one of Warren Buffett's two investment managers – left Berkshire Hathaway (BRK-B) to run JPMorgan Chase's (JPM) brand-new Strategic Investment Group.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Dan
Contact Dan, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack