
120: Meb Faber – A Crash Course in Long-Term Investing—For Short-Term Traders
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The Role of Rules-Based Objective Portfolios
In the 70s, when John Bogle invented the index fund, that used to have a certain meaning. That meant market cap waiting, low turnover, low cost. Well, that definition has been totally polluted over the years. Once you break this market cap link and you start to tilt towards value, you end up outperforming the S&P 500. The Trinity portfolio is free online; it goes from US 6040 to global 6040.
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