Meb Faber+

Why Trend Following Feels Wrong (But Could Boost Your Portfolio)

Today’s guest is Jerry Parker, founder and CEO of Chesapeake Capital and one of the original Turtles trained by Richard Dennis. Together we run the Cambria Chesapeake Pure Trend ETF (MFUT). In today's episode, Jerry explains why managed futures isn't the same as trend following. He breaks down the math and psychology of hunting outliers, letting a few winners pay for many small losses, and why he'd never chase crisis alpha at the cost of returns. To close, Jerry explains why MFUT trades individual stocks rather than just indices. Learn more about the Cambria Chesapeake Pure Trend ETF www.ca

Billionaire David Booth Lost To the Market for 9 Years. He Never Changed His Mind.

Today’s guest is David Booth, founder of Dimensional Fund Advisors, which now manages over $1 trillion. He studied under Eugene Fama at Chicago and helped build one of the first index funds at Wells Fargo. In today’s episode, David traces Dimensional’s arc from indexing’s earliest days at Wells Fargo to crossing $1 trillion in AUM this year. He shares what Gene Fama said when he got the call, the story of driving a client to Chicago to walk through the Fama-French paper, and why AI investing looks like the California gold rush. To close, David makes the case for judging yourself by decisions

Cambria Global EW 3 ETF and 351 ETF Conversions (GEX) | Meb Faber

Cambria CIO Meb Faber recently hosted a webinar on the upcoming launch of the Cambria Global EW 3 ETF (GEX) and 351 to ETF conversions. Learn more about the Cambria Global EW 3 ETF (GEX): https://cambriafunds.com/gex Learn more about 351 ETF conversions: https://cambriafunds.com/351 Have questions? Reach out to us any time at info@cambriainvestments.com. TO DETERMINE IF THE FUND IS AN APPROPRIATE INVESTMENT FOR YOU, CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISK FACTORS, CHARGES AND EXPENSES BEFORE INVESTING. THIS AND OTHER INFORMATION CAN BE FOUND IN THE FUND’S PROSPECTUS WHIC

Gold or Real Estate: What Survives Hyperinflation?

Gold, real estate, or stocks? Here’s how different assets can behave when inflation reaches extreme levels. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #gold #realestate #inflation #hyperinflation #assets #markets #wealth Not investment advice. Investing involves risk.

Why Carson Block Calls China Uninvestable

Not a price call, an information problem. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #china Informational only. Not investment advice. Investing involves risk

We Need New Rules for Investing - Hamiltonian Economics Is Back | Luke Gromen Explains

Today’s guest is Luke Gromen, founder of the macro research firm Forest for the Trees, or FFTT. In today's episode, Luke Gromen argues that free trade is dead, and the US is pivoting to Hamiltonian economics: tariffs, reshoring, and a neutral reserve asset. He explains why the US Treasury can no longer be the world's reserve asset, why long bonds have become certificates of confiscation, and why gold belongs in every portfolio. To close, Luke explains why AI has become a snake eating its own tail on the government's tax base. To see links or read the transcript of the episode, visit us at:

The Danger of a Rabid Retail Base

Carson Block on today's rabid retail traders. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket Informational only. Not investment advice. Investing involves risk.

Can Humans Keep Up With AI?

Carson Block: AI now codes and tests successors. #mebfaber #mebfabershow #investing #stocks #invest #ai #artificialintelligence #stockmarket Informational only. Not investment advice. Investing involves risk.

Why Goldman Sachs Had to 'Legitimize' Share Buybacks 50 Years Ago

Legendary investor Charley Ellis reflects on writing the first major book on share repurchases 50 years ago, when the idea was so foreign that Goldman mailed it to 1,000 corporations as a “legitimizer.” Full episode: https://www.themebfabershow.com/episodes/9meVOLnCAu8 ---- Listen and subscribe on the platform of your choice: Apple: https://podcasts.apple.com/us/podcast/the-meb-faber-show/id1128955736 Spotify: https://open.spotify.com/show/6gEEIpE2eu1yndaFra4Cgb Follow Meb: X: https://x.com/MebFaber LinkedIn: https://www.linkedin.com/in/mebanefaber/ Website: http://mebfaber.com/ To lear

The Counterintuitive Rule That Could Beat the Market

Today’s guest is Liaquat Ahamed, the Pulitzer Prize–winning author of Lords of Finance: The Bankers Who Broke the World, one of the greatest financial history books ever written. His new book is called 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World. In today’s episode, Liaquat shares the story of the world’s first truly global financial crisis. He walks through the Rothschild-led bond boom that funded railroads on three continents, the German IPO mania sparked by French war reparations, and the monetary blunder of abandoning silver that turned a crash in

The Wildest Real Estate Bubble In History

Japanese property was once valued at four times all US real estate combined. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #investing

The Market Is Missing This Trillion-Dollar Energy Shift

Today’s guest is Bob Robotti, founder and CIO of Robotti and Company Advisors, which he’s been running the firm since 1983. In today’s episode, Bob explains why volatile markets driven by passive flows keep handing opportunities to stock pickers. He makes the case for offshore oil services and homebuilders, shows why zombie companies can be dollars trading for 20 cents, and argues 2% inflation is a pipe dream. To close, Bob shares the biggest loss of his career, selling a winner too early. To see links or read the transcript of the episode, visit us at: https://www.themebfabershow.com/epis

A 20% Loss Can Sting More Than 50%

Losing 20% on a million dollar portfolio can sting more than 50% on ten thousand. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #investing

Meb Faber’s Mid-Year Market Review

Cambria CEO and CIO Meb Faber recently hosted a webinar to introduce his first new book in a decade and share his outlook on the current market environment. Order Investing in America: The Rise of A 250-Year Bull Market https://amzn.to/4vl6Od6 Learn more about 351 ETF conversions: https://cambriafunds.com/351 Have questions? Reach out to us any time at info@cambriainvestments.com. TO DETERMINE IF THE FUND IS AN APPROPRIATE INVESTMENT FOR YOU, CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISK FACTORS, CHARGES AND EXPENSES BEFORE INVESTING. THIS AND OTHER INFORMATION CAN BE FOUND I

Why the Last Short Seller Is Preparing Now | Carson Block Explains

My guest today is Carson Block, founder of Muddy Waters Research & Muddy Waters Capital and one of the last short sellers still standing. In today’s episode, Carson Block explains why he thinks AI could displace 15% of knowledge workers and unwind the market’s biggest stocks. He breaks down his short of SoFi’s aggressive loan accounting, why record-tight credit spreads worry him, and how he trades that risk with put spreads. To close, Carson explains why he still calls China uninvestable and recounts his hardest battles. To see links or read the transcript of the episode, visit us at: http

Ben Carlson's Favorite 100 Year Stock Stat

A 20% up year has historically been more likely than any loss. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #investing

The Stocks That Won For 100 Years

Most winners weren't rockets. They just compounded quietly for a century. #mebfaber #mebfabershow #investing #invest #america250 #stocks #stockmarket

The Stock Market Is A Daily Coin Flip

Just ~53% of days close green, but holding longer has historically improved your odds. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #investing

Everything You Know About Investing Comes From One Weird Era

My guest today is Joseph Moore, a historian and former professor who spent over a decade in the archives studying 300 years of American financial advice, which he explains in his new book, How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t). In today’s episode, Joseph explains what 300 years of American financial advice reveals about getting rich. He shares why real estate barely appreciated for a century, why bonds beat stocks for decades, and how modern investing advice was born chasing inflation and taxes. To close, Joseph reveals the five timeless pri

Every Rule Has An Exception In Markets

Every rule in markets has an exception, so basing strategy on them rarely works. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket #investing

Trump Accounts - A Head Start for Every Child

$1,000 isn’t huge… but compounding is real. #mebfaber #mebfabershow #investing #invest #stocks #stockmarket #trumpaccount #investamerica

The $2 Trillion Problem Killing US Competitiveness

Today’s guest is Rebecca Anderson, a Senior Fellow at the McKinsey Global Institute, McKinsey’s business and economics research arm. She leads research on economic growth and the financial system, in the United States and globally. In today’s episode, Rebecca shares her McKinsey report on what has powered America’s economy for 250 years: natural endowments, a culture of entrepreneurship, and the institutions that harnessed them. She examines labor force dynamism in the age of AI, the $2 trillion cost of reindustrialization, and a global balance sheet stretched to record highs. To see links o

What A Legendary Speculator Taught Jim Grant

Jim Grant on Baruch's rule: don't over-blame yourself, just don't repeat the same mistake. #mebfaber #mebfabershow #investing #stocks #invest #stockmarket

Why Today's Biggest Stocks Are Doomed

Scared AI will kill jobs? History shows creative destruction has toppled giants before. #mebfaber #mebfabershow #investing #invest #america250 #stocks #stockmarket

Why the Worst Investor Ever Still Got Rich - Ben Carlson Explains

Today’s guest is Ben Carlson of Ritholtz Wealth Management, author of A Wealth of Common Sense and host of the Animal Spirits podcast. In today’s episode, Ben unpacks the counterintuitive math behind long term investing. He reveals that picking the wrong asset every year still makes money, that the average up year tops 20%, and that stocks grow less volatile than bonds the longer you hold. To close, Ben explains why patience has never been harder. To see links or read the transcript of the episode, visit us at: https://www.themebfabershow.com/episodes/9s7ep19hj5N (0:00) Starts (2:05) Ben Ca

The Worst Decade In History Still Paid Off

Stocks went nowhere for 10 years, but investors were still fine. #mebfaber #mebfabershow #investing #invest #america250 #stocks #stockmarket

The AI Bubble Isn’t 1999

Comparing the ChatGPT boom to the Dot-com issuance craze. #mebfaber #mebfabershow #investing #stocks #stockmarket #bubble ipo #invest #Investing

The First Time in 38 Years

After 38 years, Marc Seidner finally finds value in Japanese assets. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #japan

Public Or Private? You’re Asking Wrong

Marc Seidner explains why markets are a continuum, not a choice. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest

The Best 7% Return Opportunity Today

Marc Seidner on getting excited about the opportunity in bonds. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #bonds

Building Resilient Portfolios

Value over growth, global diversification and real assets #mebfaber #mebfabershow #investing #stocks #stockmarket #invest

A Warning Sign Not Seen Since 2008

Marc Seidner explains why businesses are "kicking the can" on payments. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #economy #economics #kshapedeconomy

Is Private Credit the Next Subprime?

The data overlay between today and 2008 is uncanny. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Privatecredit #Bubble

PIMCO’s Marc Seidner: Investors Are Misreading This Bond Market

Today’s guest is Marc Seidner, PIMCO’s CIO of Non-traditional Strategies. He is also a generalist portfolio manager and a member of the Investment Committee. In today’s episode, Marc explores why the investing landscape has changed from one led by economics to one increasingly shaped by politics and geopolitics. He explains why bonds may offer one of the most compelling opportunities in years, while private credit continues to show stress. He also touches on the K-shape economy and why real assets may help portfolios withstand a more uncertain world. To see links or read the transcript of t

Investing While the World Falls Apart

A contrarian take on diversifying your assets during global de-globalization. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Investing #diversification

Warren Buffett’s Dividend Paradox

Why Buffett loves receiving dividends but refuses to pay them. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Investing

Why Dividends Aren't Free

Every dividend payment lowers the stock price. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Investing

Why Market Indices Mislead Every Investor

Why your favorite stock index is mechanically undercounting your actual investment gains. #mebfaber #mebfabershow #investing #stocks #stockmarket #dividend #invest #Investing

Sam Hartzmark: The Dividend Mistake Most Investors Still Make

Today’s guest is Samuel Hartzmark, a finance professor at Boston College. In today’s episode, Sam explores why dividends are so often misunderstood by investors. He explains the “free dividends fallacy” and how it can lead to inflated valuations and price dislocations. He also examines the tradeoffs between dividends and buybacks and how payout policies influence investor behavior. To close, Sam briefly touches on his research on prediction markets and ESG. To see links or read the transcript of the episode, visit us at: https://www.themebfabershow.com/episodes/E2rpGXk3LrY (0:00) Starts (1

Investing Key: Be Humble

A reminder that market history is full of "impossible" events. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Investing

The Truth About Private Equity Valuations

If you can’t trade at the price, is it even real? Owen Lamont explains. #mebfaber #mebfabershow #investing #stocks #stockmarket #invest #Investing #PrivateEquity #PE