Next video:
Loading the player...

What's it like to manage $1 billion? Ask Erez Kalir, the co-founder and CEO of Stansberry Asset Management. Before running Stansberry, Kalir also co-founded Sabretooth Capital where he managed assets for billionaire Julian H. Robertson and the Rockefellers, among others. 

Since earning a J.D. from Yale law, an MSc. with distinction from Magdalen College, Oxford as a Rhodes Scholar, and an A.B. (highest honors) from Stanford University, Erez has become a member of the Council on Foreign Relations, and the Young President’s Organization. 

Erez sat down with Investopedia to explain how Stansberry has developed a system of "favorable asymmetry" for its clients, and why "winter" may be the best time to invest.

Related Articles
  1. Insights

    Who is Erez Kalir's Greatest Influence?

    CEO and co-founder of Stansberry Asset Management, Erez Kalir, shares his biggest investment influence.
  2. Investing

    Forced Selling: My Favorite Term

    "It's the one time you can know for sure that the market is inefficient."
  3. Investing

    Teva Pharmaceutical CEO Erez Vigodman Departs

    In what surely is no surprise to followers of the company, Teva Pharmaceutical (NYSE: TEVA) CEO Erez Vigodman has resigned his position and is giving up his seat on the board of directors. His ...
  4. Investing

    J.D. Rockefeller: From oil baron to billionaire

    Eighty years after his death, oil baron John D. Rockefeller remains one of the great figures of Wall Street.
  5. Tech

    Ethereum founder Joe Lubin explains what it is & why it matters

    We sat down with Joe Lubin, co-founder of Ethereum, to have him explain what the popular crypto platform does, and why you should care.
  6. Insights

    John D. Rockefeller: Biography

    Focusing on a historical figure’s “contradictions” is a tired cliché, but in the case of John Davidson Rockefeller (1839 – 1937), it’s hard to avoid.
  7. Investing

    4 Billionaires Who Graduated From Yale (MT, BX)

    Learn about four of Yale University's many billionaire alums: Wilbur Ross Jr., Stephen A. Schwarzman, James Chanos and Charles B. Johnson.
  8. Investing

    What is Impact Investing?

    What is impact investing?
  9. Managing Wealth

    Asset Manager Ethics: Acting In the Benefit of Clients

    Investment managers should always act to benefit the client. Learn what actions managers should take on a client's behalf.
Hot Definitions
  1. Return On Equity - ROE

    The profitability returned in direct relation to shareholders' investments is called the return on equity.
  2. Working Capital

    Working capital, also known as net working capital is a measure of a company's liquidity and operational efficiency.
  3. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  4. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
  5. Net Present Value - NPV

    Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows ...
  6. Price-Earnings Ratio - P/E Ratio

    The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative ...
Trading Center