The Pathetic Downfall of Stansberry Research
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Published 2023-10-31
In this video we go over the rise of the stock market research firm Stansberry Research which changed its name to MarketWise and merged with a SPAC in 2021.
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All Comments (21)
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I have beaten the system. I have no savings whatsoever which makes me immune to all scams.
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Soon as you hear ‘merged with a SPAC’ you know where the story is going.
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These scams are really goofy. If you could make $1M a day on Wall Street, why would you bother selling people the secret for $1000?
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“Went public by merging with a SPAC” is the investment soundtrack for “it was at this point, we knew the company was fucced up.”
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'Went public by merging with a SPAC'
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"He predicted 15 out of the last 2 recessions" 😆
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Noone that played runescape as a kid would fall for any of these. I maintain my stance that every parent should let their child get scammed on runescape. This is a valuable life lesson. And it only costs a little bit of time and pain.
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18:45 oh man, I forgot about Motley Fool. You should do a piece on them. Their free articles are some of the worst click-bait I've ever seen.
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I really enjoyed this. His outrage at the end, when he himself got ripped off by the SPAC, was awesome to behold. Thanks for the laughs.
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Stansberry had some great long form interviews with some decent experts. I got on their mailing list and I was so confused by the obvious junk they were sending me. Thank you so much for opening my eyes the rest of the way.
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I'm getting these outlandish YouTube ads all the time and knew they were scams. Thanks for putting this together and confirming my suspicions!
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4:04 if the deal actually happened and the share price actually doubled, imagine then getting charged with trading on non-public information...
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This guy claimed to have predicted the 2008 crash. I read through all of his newsletters prior to the event and NONE of them mentioned it. Was recommending stocks right up until, just as clueless as anyone else.
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To be fair, YouTube finance channels are no different from these newsletters, just cheaper. It took me some time to find a few that appear to be honest men.
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The Motley Fool, a similar scam as Stansberry, at least tried to warn their customers by putting the name "Fool" in their name, for anyone who actually is foolish enough to be one of their clients.
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I really enjoy these deep dives. Thanks for all the hard work you put into them! 👍🏼
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I do enjoy the stansberry investor podcast as they have great guests across all industries/expertise but the ads they run are just comical. I didn’t realize the depth of the sketchiness. I clicked on one secret stock add and wasted 15 minutes before realizing it was just a ploy to get money
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So they took peoples money and basically shidded and farded all over them
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His best friend died under very suspicious circumstances. You should do a video on that too. Great vid, thanks.
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Anything with the "Stansberry" name on it, is a scam. They even try changing their name, but people were too smart for that.
