On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Whitney Tilson back to the show. Whitney is the editor of multiple newsletters at Stansberry Research, including our flagship Stansberry's Investment Advisory, Commodity Supercycles, and the free Whitney Tilson's Daily.

Whitney kicks things off by discussing how he became a "make money" investor, his simple method for picking winning stocks, and a few lessons he has learned from decades in the market. He advises listeners to let their winners run and to hold them for a long period of time, as that's the only way to outperform index funds. Whitney also shares the story of missing out on Netflix's 100-bagger gains, makes a bullish case for Salesforce, and gives his thoughts on particular players in the AI space...

AppLovin and Palantir [Technologies] are probably the two most overvalued stocks – not only in today's market, but among large-cap stocks with $100 billion-plus market caps. They may be two of the most overvalued stocks I've ever seen in my life... Palantir is trading at over 100 times trailing revenue and almost 300 times earnings... Palantir could fall by 90% and there's not a value investor on the planet that would buy it. There's no floor there.

Next, Whitney talks about the cannabis stock bubble, scam Chinese stocks, and why he's "pounding the table" on Alphabet and Meta Platforms. Using Adobe as an example, he tells listeners to start considering how AI will affect existing businesses and their share prices, especially if it's in negative ways. Plus, he goes in depth on index funds – their benefits, how his strategy has shifted to include market-cap-neutral funds, and which funds he likes today...

I used to just say put 100% in the S&P 500 Index... And I've just become concerned that 10 stocks are now 40%... The No. 1 stock in the index, Nvidia, with an over-$4-trillion market cap, has 1,000 times the weighting of the 500th biggest stock, Enphase Energy, which has a $4 billion market cap. So $4 billion versus $4 trillion. That's a 1,000-to-1 difference.

Finally, Whitney explains the power of compounding and discusses the opportunity today in clothing maker Lululemon. Despite "really struggling with" the stock, he believes it could be a big winner down the line. The secret, Whitney says, is finding good companies with headwinds that knock the stock way down but that are temporary. And to close the show out, Whitney covers the pitfalls of short selling, why you should never bet against companies that make products people love, and his most speculative stock idea today...

My favorite speculation right now reminds me of Tesla 12 years ago... They make EVTOLs, electric vertical takeoff and landing, like air taxis, jets, and stuff... I spent an entire day at the company two years ago. And my cousin, a Stanford engineer, came with me... And after visiting, he's like, "Whitney, this is the greatest collection of engineering talent outside of Tesla in the world. These guys are for real."

Click on the image below to watch the video interview with Whitney right now. For the audio version, click "Listen" above.

(Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Whitney Tilson is the lead analyst and editor of Stansberry Investment Advisory, our flagship newsletter. He's also editor of Commodity Supercycles, The N.E.W. System, and Whitney Tilson's Daily.

Whitney graduated magna cum laude from Harvard University with a bachelor's degree in government. Upon graduation, he helped launch nonprofit organization Teach for America. He then went on to earn his Master of Business Administration at Harvard in 1994. He graduated in the top 5% of his class and was named a Baker Scholar.

In his professional life, Whitney founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, he grew assets under management to more than $200 million. Whitney is also an accomplished writer, having published four books and co-authored two books. On top of all that, he has appeared dozens of times on CNBC, Bloomberg TV, and Fox Business Network, has been profiled by the Wall Street Journal and the Washington Post, and has written for Forbes, the Financial Times, Kiplinger's, the Motley Fool, and TheStreet.com.