They're going to pay him a seven-figure salary to just kind of hang out? By the way, Comey's a lanky weirdo with way too high a self-regard. So I figured there's got to be something else going on here. Who was the Southern District of New York U.S. Attorney when Bridgewater is paying Comey a seven-figure salary? Oh, that's right, it's Preet Bharara. Who did Preet Bharara work for at DOJ?
James Comey. Who is James Comey's protégé at DOJ and helped him get the Southern District? Oh, that's right: Preet Bharara. James Comey. Now it all makes a lot of sense. When you're a fund like that, do you think it's a good idea to have a dude in-house whose close, personal, and professional friends with the one person who might have the ability to really mess up your business if he decides to? [Crosstalk] Porter Stansberry: And Preet was going after every hedge fund. But he never went after Bridgewater. Country Club Guy: It sounds like an episode of Billions. [Crosstalk] Buck Sexton: That's right. Porter Stansberry: It does sound like an episode of Billions, Country Club Guy. Good call. Anyways, ladies and gentlemen, I don't really care whether you believe me or not. Because there's so much evidence of this that's rampant in our government and our society. I just want you to know: The people that you think are looking out for your best interests are not. They never have and they never will. They're looking out for their best interests. It's that simple. And so you have to regard the securities markets as being a nest of snakes. Because that's what it is. And the guy who's supposed to be guarding the place and keeping the snakes out – he's the guy who's feeding them. So you have to be careful. And a guy that will help you be careful – see this link? See this bridge? – is my friend, Richard Smith. Why don't we bring Richard in now and talk about how to manage risk in these uncertain times and these corrupt markets. Buck Sexton: Dr. Richard Smith, everybody, is with us now. He is the CEO and founder of TradeSmith LLC. He's the math PhD and inventor that has now helped tens of thousands of investors manage the ups and downs of the market confidently and stress-free with the TradeStops unique investment tools. After Richard earned his PhD in math and system science, he learned the hard way that it takes more than intelligence to win in the game of investing. After scoring huge gains in the stock market in the late '90s, Richard lost it all in the dot-com bubble and was left wondering: What the heck just happened? This school-of-hard-knocks learning experience put Richard on a path of researching and developing algorithms and services that give individual investors the tools they need to remain in their personal investing comfort zones and succeed. TradeStops' motto is simple when it comes to investing in stocks: make more, risk less. Please welcome to the Stansberry Investor Hour, Dr. Richard Smith. Richard Smith: A pleasure to be here. Thanks for having me. Porter Stansberry: Richard, where are you? You were in Baltimore yesterday, weren't you? Richard Smith: [Laughs]. That was actually last week, Porter. I'm back in Florida today. Porter Stansberry: I can't keep up with you, Richard. Richard Smith: Down here in sunny Tampa. It's I think 85 today. Porter Stansberry: Well, we got better weather than you today, buddy. It's perfect here and 65, which is what the big guy likes. Richard Smith: Nice. Yup.
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March 2019
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