Episode
Value Investing Is Dead. Here's What Replaces It.
- Podcast
- Stansberry Investor Hour
- Published
- Jun 2, 2026
- Duration seconds
- 3269
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Summary
In this week's Stansberry Investor Hour , Dan welcomes Matthew Tuttle to the show. Matthew is the CEO of Tuttle Capital Management, a firm that focuses on breaking away from conventional Wall Street wisdom by using its own ETFs that target new investment opportunities. Matthew kicks things off by discussing the "death of value investing" and what he believes is contributing to it. First, with the advent of the Internet, information was more accessible to ordinary people, so a lot of the edge from learning crucial details was lost. Second, folks lost interest in value investing. When COVID-19 struck, a lot of new investors spent their stimulus checks on meme stocks instead of solid companies. But while Matthew thinks it's dead, he says the new value stocks are in heavy assets, low obsolescence ("HALO") investing. These are stocks with physical assets, so it's unlikely that even AI could disrupt them. (0:00) Next, Matthew shares his disdain for exchange-traded funds ("ETFs"). He believes the majority of them "stink" and that if investors want to invest in a theme, they should completely invest in that theme. The problem, he says, is that Magnificent Seven companies are added to an ETF with the businesses having little relation to the theme, and you're probably holding them in several places. Additionally, there are "way too many ETFs, way too many indexes, [and] way too many... investment ideas" that folks are buying into. But one of the bigger problems is that ETFs are being advertised to individual investors using "marketable" people rather than proven and tested portfolio managers. (13:03) Finally, Matthew shares the framework behind his hedging and asymmetry strategy. With hedging, you want to limit your tailing risk. However, Matthew says that bonds are not a proper…