In this week's Stansberry Investor Hour, Dan welcomes value investor Tobias Carlisle back to the show. Tobias is the founder and portfolio manager of Acquirers Funds, a deep-value investment firm. He's also the host of a podcast and the author of numerous books, including The Acquirer's Multiple.

Tobias kicks things off by discussing the performance of his energy fund and the energy sector. He likes to compare gold with oil to see how their pricing has moved in relation to each other over the past year. He thinks oil companies are still cheap and believes that we haven't seen "peak oil" prices yet. He also gives the tickers of two energy companies that he's confident are good places to put your money to take advantage of the energy crisis...

They're best-in-class shale [companies]. I think that they're a good pair together. I love the fact that [the first company] has been very careful with capital allocation... [It has] pretty good free-cash-flow generation, pretty good returning that to shareholders [via] buybacks... They're going to go from a $30 billion market cap to $58 billion together. And they're going to make out real well with $80 oil and above.

Next, Tobias shares two other energy stocks that he's fond of. While these companies aren't as stable as the previous two due to their locations, they possess quality shale sites that make them compelling considerations. Tobias then shifts his attention to two other companies focused on the fertilizer and copper industries. With the first company, he emphasizes that folks need to eat and that the company will aid in food production and remain strong, especially since "nitrogen-based fertilizer feeds half the world." And with the second company, he believes that we're currently in the middle of a cycle for copper demand...

They call [the metal] "Dr. Copper" because when copper gets "sick," the rest of the economy is going to follow suit. And when copper gets better, the economy's going to look good, too. I think [this company] has a bet on real infrastructure [spending]. So if we're going to build a whole lot of data centers, we're going to need a whole lot of copper to do that. So [the company has] done really well, but I still think we're mid-cycle here.

Finally, Tobias gives his thoughts on the housing sector. While many investors might avoid it because housing sales are lower than they were at the bottom of the great financial crisis (due to high home prices), he believes that buying now and holding on will pay off when it springs back to life. He also makes the case that in most markets you want to be a contrarian because you can buy good companies at low price-to-earnings multiples. And he cautions investors not to think about companies as blank tickers but as functioning, moving entities that have work put into them that can break them out of stagnancy...

To people who are in the stock market all the time, it's a little bit like driving and only looking through the front window, forgetting that there's a rear-vision mirror and there are side windows that you can look out of. And [they're] too much like a stock market operator, forgetting that underlying these things are real businesses. And there's some price at which these things buy themselves.

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

(Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Tobias Carlisle is the founder of the Acquirer's Multiple and Acquirers Funds. He's also the author of several books, including The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market.

Tobias' experience includes working as an analyst at an activist hedge fund, acting as general counsel of a company listed on the Australian Stock Exchange, and serving as a corporate advisory lawyer across various industries in multiple countries. He is a graduate of the University of Queensland in Australia with degrees in law and business (management).