Companies that are deluders, their issuing stock. They're minus three point nine % from the sent 500. If you take on a lot of debt, that's minus three % expansion of your company. Essentially, the two that are positive are paying down debt,. But by backs, up 250 basis points better than large stocks. Why do bybacks get continually misunderstood? I think for folks like you and i, it's because they have a terrible brand.
Meb Faber is co-founder and the Chief Investment Officer of Cambria Investment Management, author of multiple books, and host of “The Meb Faber Show” podcast. You can follow Meb on Twitter at https://twitter.com/MebFaber and know more about him and his work at https://mebfaber.com/ Show Notes:
- Replicating the Yale endowment
- Why investors won’t follow advice
- Importance of writing down your investment plan
- The challenges of buy and hold
- Learning from your losses
- Out of favor strategies
- A dividend strategy without dividends
- The branding issue with buybacks
- Harsh book reviews
- Investing in international markets
- Are we in an expensive downtrend?
- Stated vs. Actual preference
- Not betting on merely sentiment
- Robinhood with an educational spin