Cannabis Stocks Are Your Next Big Investment Opportunity
Cannabis Stocks Are Your Next Big Investment Opportunity
On this week’s Stansberry Investor Hour, Dan and Corey welcome Aaron Edelheit back to the show. Aaron is the founder and CEO of private investment firm Mindset Capital. He joins the podcast to talk about his investing philosophy… the importance of relieving mental stress… and all things cannabis – from its “great replacement” of alcohol to its legalization in more and more states.
Aaron begins with a story about how he received advice from the legendary Charlie Munger on the “price of admission” of being an investor. He explains that this advice made him reflect on his own strengths and realize that he wanted to exclusively do long-term investing rather than trading. This leads to a conversation about investor psychology and mental strain. Aaron shares a few tips for relieving the anxiety surrounding investing, from turning off your phone and computer one day a week to doing hot yoga.
Next, Aaron talks a bit about his investing background, his career path, and how he finds opportunities where others aren’t looking. Today, he believes the big opportunity is in cannabis stocks. He explains that certain names in this industry are breaking out despite the lack of federal reform. Aaron also drops a non-cannabis name that he’s interested in and gives an alternative perspective on value stocks.
Finally, Aaron compares today’s investing landscape with that of the 1990s. He shares that there’s much more financing of private companies today, which stops them from going public for longer (if at all). After, Aaron makes his case for cannabis stocks. He believes that they will eventually steal market share from drug companies and alcohol producers once more people realize the benefits and switch over.
0:00 Charlie Munger’s advice; investor psychology; relieving anxiety
21:19 Aaron’s background; cannabis stocks; value stocks
39:37 Private vs. public; cannabis’s “great replacement” of alcohol
So what specific stock was it that he was talking about?
If you had $350k, which investments would you go for in terms of maximizing returns and mitigating risks? I’m semi-retired and only work 7.5 hours weekly. Looking for opportunities in the market that can fetch me millions, then I can retire.
HITI (High Tide) best of the best. Visionary management and Fcf+. Going to be one of the juggernauts of the industry (Costco of cannabis).
Great video
No money in canabis stocks. This is why doctors do their best to perscripe prescriptions. Too much competition so NO MOAT. Still a street scene VERY ACTIVE. It’s a plant….. did I say that ?
They got to be smokin’ thats all i can say. Lost 60,000 back in the day when farms were stsrting up. Now its poisoned in a lab so its much easier. Stronger, longer and even earlier dementia, memory loss and psych issues too. Look it up if you find any honesty on this subject let me know, please.
Is any cannabis company profitable??
Facts
Money is money but this is disgusting. Where is the morality and integrity? These people would sell rope at a hanging. Shame on Stansberry.
How to destroy American civilization in three easy lessons. There should be nine, but everybody is too stoned to read to the fourth.
@ Montréal 🇨🇦…Hmmmmm 🤣
Let’s make cocaine use great again!
Stop staying "like" every other word. Ugh.
This is bullshiite! It has not helped not helped
Anyhing for california! Theyre just killin U.S a little more softly. Follow the $$ and get your answers from there.
This is beyond bad.
Destroying a generation for profit.
These guys are high af.
Now it’s all cool to be a ‘Drug Dealer’? The level of hypocrisy of ‘the greedy’ is mind-boggling.
Great show men!
5 yrs ago
Loaded young adults that’s our future. Awesome
"This too shall pass",,,?
Thank you for your videos. With the market being so volatile, it’s crucial to help newcomers understand strategies beyond just holding during dips. One key advantage is using day trading to actively buy during market downturns and profit from short-term price movements while waiting for the larger gains. Many people still don’t fully grasp how this market operates, but despite the ups and downs, it’s remained highly profitable. I’ve grown my nest egg from 116k to 432k, and I’m especially grateful to Loraine Souvenir for her expertise and traditional trading acumen, which have been invaluable in navigating this ever-evolving financial landscape.
What are they talking about? What is a title and what is a discussion. Not matching. Wasting everyone’s time.