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Excess Returns
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Elon Musk and Cambria Asset Management
Cambria: Elon Musk had a tweet years ago where he was basically like, look, if Tesla and SpaceX go bankrupt, like, so should I. And we start off the post by saying, look, Cambria is my asset management business. We manage 12 ETFs and growing. Depending on how you mentally bucket that, that's somewhere between,. I don't know, 50% and 99% of my net worth.
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