Porter Stansberry

But when I look and you, you could say, okay, AT&T has been down, been here since whatever, the 1800s, Verizon, uh, T-Mobile, you know, I get it, right? These companies, uh, generate massive free cash flow because everybody has to pay their bills and constantly it's monthly free cash flow.

And I remember I always talking to Porter Stansberry.

He's like, "AT&T is going to go out of business and they have $120 billion in debt." The more-- I'm like, you know, you got to look at both sides because of that balance sheet, because they're generating $30 billion in, in cash flow, free cash flow, right? So, so the, and the debt was like investment grade.

So, you know, that was like 12 years ago.

So the only way the federal government can deal with it, since it doesn't have to have a balanced budget like all the states do, is it has to print money.

And so I've got an article coming out next week, a commentary based on the new book by Porter Stansberry, which just, again, takes you through the story of John the Grandfather, born in 1938.

When he dies, his estate has three-quarters of a million dollars, a paid-off house, IRA that was paid up, and was able to pay for all four college-age kids to go through school.

His son, who's a little more tight...

Well, today I was gonna do a show, and I'm still gonna do it.

I have some Porter Stansberry clips that I'm gonna play and, and talk about.

Um, and for those of you that, that don't know Porter Stansberry, he's a newsletter writer.

He's part of Agora Publishing, and, uh, y- you know, people in the investing community know who Porter Stansberry is.

He, he's a, a pretty successful investor, as I understand, and also he, he also writes very compelling stories, investment ideas, and people subscribe to that.

He's a, a long-term, I would say, value kind of investor, so.

So I just wanna point out, this is just a, a warning, okay? The people I know, I don't want them to lose their money.

I don't want them to, you know, be at the near term, you know, right at the end of, "I'm about to retire," and then you can't retire, and you have to work for the next twenty years or something.

I just spoke at a big newsletter investor conference last week in Baltimore.

Porter Stansberry, his one runs one of the largest newsletter, thin pub newsletter organizations.

He had like 250 of his investors.

And I got to hear that for a couple of days.

Porter Stansberry, founder of MarketWise, OneBlade, and Porter & Company, and author of the new book, 2029, The End of America.

Welcome to The Competent Investor.

Thank you very much for joining me.

Of course, for listeners that want more of your material, you, you send out a almost daily newsletter.

Um, and of course the book is called 2029, the end of America.

on X at PorterStansBerry.com. And of course, Porter Stansberry on Substack.

Porter, thank you so very much for your time today.

I really appreciate it.

He was doing a lot of small films, but he wasn't making much money from this.

So his high school friend, Porter Stansberry, who was like this big finance guy, calls him up and offers him a job.

And obviously this isn't what Ray was dreaming of doing, but he was a family guy.

He wanted to support his serious girlfriend at the time, Allison, who would later become his wife.

And so he decides to do this and he was really, really good friends with Porter.

They had known each other since they were like 15 or 16.

But this was going to be a big deal.

This meant moving from his California home out into Maryland.

I'm calling to mind another company that I wonder if you guys have ever done lots of work on.

A mutual friend of ours, Porter Stansberry, has done a lot of work on Berkshire Hathaway.

And his point is that they've done exactly what you just described.

That's part of the point anyway.