Meb Faber, CIO and CEO of Cambira Investments returns to The Business Brew. Bill wanted to chat with Meb about the global diversified portfolio and Meb agreed to come on. The conversation also discusses drawdown emotions, the merits of ETS vs mutual funs, Meb's thoughts on marketing, and much more. Meb is a great thinker, entrepreneur, and podcast host. He's also one cool dude.
You can find Meb's writing here.
You can find his podcast on Apple here and on Spotify here.
Other links mentioned:
Ray Dalio Book: Principles for Dealing with a Changing World Order
Bridgewater All Weather Paper.
A Tweet of Meb's about Global stocks ex-US
Recent Jesse Livermore tweet RE: P/Es CAPE, etc
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Detailed Show Notes
Conversation starts with Berkshire weekend and Buffett discussion
4:55 – Meb’s take on global diversification
7:50 – The best compliment you can give someone
10:05 – Drawdowns are like a Ricther Scale
14:00 – The single biggest investing myth right now
39:30 – Meb’s thoughts on marketing
45:00 - Sell criteria
47:50 - What you need to launch an ETF
52:00 - Mutual Fund to ETF conversions
55:00 - Tax minimization
58:00 - More cases for foreign stocks
1:03:00 - The merits of private/angel investing
1:07:50 - Why Russia might not be "a zero"
