
The Billionaire Stock Trader newsletter and podcast, launched in April 2020, advocates a low-risk stock trading strategy emphasizing the importance of avoiding overvalued stocks. This podcast episode highlights the significant losses experienced by investors who bought into hyped-up stocks with high Price/Sales ratios, such as Beyond Meat (BYND) and DocuSign (DOCU). It advocates using the Price/Sales ratio as a valuation metric to identify potentially risky investments and suggests that profits are maximized by buying low and avoiding overpaying. The newsletter, as always, importantly includes a disclaimer that past performance is not indicative of future results.