The most important way SAM uses Stansberry Research is by starting with its distinctive investment philosophy. Anyone who has read Stansberry Research’s publications knows that value – i.e., investing with a margin of safety, and when the odds are favorably asymmetric – is at the heart of the newsletters’ diverse strategies. Similarly, any Stansberry reader also recognizes an emphasis on capital preservation and risk management – for instance, through proper position sizing, the use of trailing stop losses, and being thoughtful about harvesting gains. These concepts are also at SAM’s core.
Beyond a shared investment approach, SAM’s portfolios draw on current and former Stansberry Research picks, as well as broad, thematic ideas that Stansberry Research has highlighted. For example, any regular reader of Porter Stansberry’s Investment Advisory (PSIA) is familiar with that newsletter’s search for investment opportunities in the world’s most capital efficient businesses. Similarly, any regular reader of Steve Sjuggerud’s True Wealth franchise recognizes its search for macro deep-value opportunities that are “cheap, hated, and in an uptrend.” SAM may, on occasion, express one of these themes through specific securities that haven’t been discussed in the newsletters. However, we believe that most of the names in SAM accounts will be recognizable to Stansberry readers either as current or former recommendations, or as expressions of themes that the newsletters have discussed.
Stansberry Research publishes over a dozen newsletters, each of which often generates several recommendations each month. As regular readers will know, some of these recommendations are at times in tension or even outright conflict with one another. SAM will use discretion and rely on our own investment philosophy and portfolio construction principles to help us navigate the many ideas and themes that appear in Stansberry Research publications when constructing our portfolios. Of course, Stansberry readers who feel particularly strongly about any Stansberry Research ideas are always free to reflect them in accounts that they manage for themselves, outside of SAM.