Welcome to The Meb Faber Show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here.
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Meb is a co-founder and the Chief Investment Officer of Cambria Investment Management. He has authored thousands of investing articles, numerous white papers, and five books. He is a frequent speaker on financial networks including CNBC, Bloomberg TV, and Fox Business, and has been featured in Barron’s, The New York Times, and The New Yorker.
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This is pure trash
They are missing projections. They have consistently missing projections since the pandemic. Investors know china 'cooks their books' and the fact they are admitting they are missing usually means it's much worse
It's interesting he didn't mention their KPRO and KBUF. Collar-ish ETFs that take advantage of the nominal interest rate in the US and the call-put skew. KPRO has zero downside and 20% upside participation. KBUF has ~40% upside participation but there's a 10% loss potential.
Sorry, but the guest ducked the question regarding the potential chances and consequences of a Taiwan invation. If he was honest, he would have admitted that it is indeed a tangible risk and, should it happen, the US will likely force liquidation of all stock investments in China (as they did in Russia). China is not a valuation play - it is a geo-risk play because the risk is real, and the guest should have addressed to not hurt his credibility. He is talking his book.
Meb, I am a regular listener of your show. Love it. But don't you want to start the episode by disclosing the fact that your guest speaker owns large positions in the equities that he recommends on your show?
KWEB expense ratio (0.7%) seems really high for a passive fund.
Some guests are really knowledgeable. But some guests are like this one....
Everyone buys stuff from Temu in Australia, it's strange that it's taken off so much where baba never did
Major international investment banks are pulling away from China, so why would Meb's audience stand a chance in the wild east of China finance? Sorry Meb, this episode is bunk.
Anyone that thinks investing in China is a good idea should really, AND I MEAN REALLY, learn what happened to those that invested in Russia. Stuff like lower quality brokers selling investors out of their positions at pennies on the dollar, because patriotism. Then when trading was halted ETF providers like Blackrock almost immediately said we are closing/liquidating the fund. Long story short, when investing in countries that may possibly become hostile with the west, beware counterparty risk, and by that I mean not just the country you're invested in, I mean your broker, ETF providers, and the good ol' US government. Patriotism is a hell of a thing, and it can mean permanent loss of capital. Only invest in China if you realize you aren't value investing, you are in fact putting on a geopolitical trade, and as one analyst I saw mention, don't count on Xi or Putin to act in a way that might seem rational. I wish I could buy Chinese stocks, but it's a dangerous game.
Damn this seems like a bad idea...
China’s financial statements are not trustworthy
one of the best.
Gotta time stamp these videos meb
we are now!
Goat! 🐐
The worst fucking advice, holy shit
These clips are a waste of time, Meb. Stick to the excellent long in-depth interviews. Don't follow the mindless crowd.
LeGraw's analysis is outstanding. She is a great thinker and communicator.
This is a BAD video. Boasting "thousands of trades"?
👌
It's all cosmic. It's all connected. Excellent interview fellas!
Meb Meb Meb, he gave you a big hint, telling you he made very few changes over the years, and usually 5% or more, meaningful ones. I kept waiting for you to ask him to list out all of them over the past 20 years, and why, probably just a dozen or so.
Cant find mike anywhere
Great stuff guys. The frustration with the low win rate, even though the testing has shown it is the thing that makes it hard. At so many trading meetups the emphasis is on a high win rate.
24:38 aren't you describing how the sun itself orbits the center of the Milky Way and the Milky Way also moves through space? Not sure what the expanding universe has to do with it.
Great discussion; thank you both
Half ? It's a quarter
Excellent information!
This was an excellent review of the current situation and, along with some other GMO programs, helped me to tweak my portfolio more toward value and international value and just sit tight. Great analysis pointing out the tight credit spreads on corporates, I missed that. Also clean energy I forgot about but just looked at and took some positions. Thank you Catherine, please ignore any bozo comments, those are the folks who aren't open to contrarian ideas and will be wondering what happened to their portfolio in 5 years. Of course, they'll blame someone for their losses and not remember your insights!
Great Interview...but can someone explain how he got the 64 years number (spoiler Alert!!) at 9:42?
This is the best trend following chat I have heard on a podcast recently.
restoring diversification by rebalancing is how you get rid of excess gains. the guest just recommended investing behavior that runs counter to what his paper shows.
it doesn’t seem groundbreaking to learn that the firms with the most net income produced the greatest returns
Audio Fellatio.....hmm interesting phrase to use. That's a podcast first for Meb's show I would think.
Maybe all the govt regulations put in place since Sarbanes-Oxley has given larger companies an advantage.
The thing I don't understand about all this back-testing and saying "that wouldn't have worked in the 1970's" is we have a very different Federal Reserve and gov't attitude now than we did back then.
What about keeping a portion of the portfolio in trend-following until a long downturn begins, then dollar cost average out of trend-following as the market sinks. Once things have recovered, put a portion of the portfolio into trend following again. Get the benefit trend-following softening the downward slope of the overall portfolio without keeping it all on hand for the recovery, when trend following will underperform
Is there a video of this full interview??
kzread.info/dash/bejne/kZeaj82YaM7Jl8o.html
@@themebfabershow1017 Thank You so much!! I’ve been looking for it!
Me who felt like dying the last time i slept nonstop for like 8 hours or so. That was quite hellish. Rn, I'm experimenting on 6,6.5 and 7 hours. Trynna find the best one among these 3. The best one for me. I'd like it if 6 is the one,cuz I'll get more time on the day. Then again,if i feel more refreshed at 6.5 or 7, I'll choose that. As there aren't that much difference between the 3 number. If it's 7,then I'll need to sleep at 10 and wake up at 5. I'll sleep an hour later if it's 6 hours and so on. My goal rn is to sleep for one of the selected hours for a week. And then switch to the next one. And back and forth. Maybe it'll take weeks but it's a good thing if it'll gimme my perfect hours.
Hot and heavy; confirmed
“n”
Than* a value trap
Thank you!
One of the few times I disagree with Lyn Alden (who i think is awesome) cause no way do i think they necessitate such dramatic fiscal responses, in fact 1929 was caused by the insane fiscal response started by Hoover, and continued by FDR, and it wasnt till after WW2, that they eventually went against the advice of the Keynesians (who wanted to continue the insane government spending) and slashed spending plus taxes. And then an actual recovery happened!
what is the idea around half face beard??
No one does stock picking anymore which would imply that there is edge in stock picking
The most Dutch accent ever 😂 Lekker jonguh! 😜👍
It has always puzzled me that if Generally Accepted Accounting Principles are a standard and have meaning, why do you only hear about non-GAAP earnings? They can report what they want, but you don't have to repeat the rosy picture in media. "Hey everybody, let me present you the best numbers the accountants were willing to give me without risking jail"
brilliant
Maybe it's confirmation bias, but all I hear every topic is "International", "Small Cap Value", "International Small Cap Value" 😂
Is Mr Faber an active or passive investor. And would he actually tell us if he had most of his money in low cost passive funds that track indexes. I had some individual shares in Aviva here in the UK. And there was a share buyback. And what happened was I lost some of my shares and was payed for them at a price they predetermined before the buyback tool place. So now I had less shares and some cash in my account. How the hell did that benefit me in anyway. If they really wanted to give something back to their shareholders, why not just give us an extra dividend payment, then we would have actually gained something
He wrote a post on how he invests: mebfaber.com/2022/02/01/how-i-invest-2022/
Meb's TAIL Fund is doing great. Listen to this guy if you want to lose your money Rey Dalio is the CCP agent and lunatic, BSing public.