3min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#30: Meb Faber On The Future Of Investment Management

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Death Star of Fee Compression

Young people looking to get into finance, where do you think there's a good opportunity? Well, let's channel Charlie Munger and basically one of the most brilliant people on the planet. He said compete against where there's no competition is what Charlie would say. So in the US, that means small cap, micro caps. It could be an area that no one focuses on. Maybe if you're local in Louisiana or somewhere and focusing on local companies. And then 20 years from now, it's going to look dramatically different than it does today.

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Speaker 5
Check out
Speaker 3
the new Broken Simulation that's out there. Find me on Twitter at Johnny Woodard, please. Alright, enjoy these highlights. Here's a clip from the latest Broken Sim. I just want to say a very, very fond farewell to Ellen DeGeneres and Portia De Rossi. They have left the country because Trump was elected. They have moved to England. They're in the Cotswolds in the south of England. I just want to say we will miss you, Ellen. We're going to miss you. Never. never fucking hear it. No, no.
Speaker 4
And you want to tell me to fly away from here in the star-cold hotel room.
Speaker 3
And you're in a touchy field.
Speaker 2
It has nothing to do with videos coming out and tweets he put out kissing Sean Combs. Or when she brings out all those special needs kids and they're like, Oh, we got the wrong day. Look who's here. He did it. And he comes out like a fat person at an all-you buffet, just super excited, smiling about everything he's about to get his groove on with. I mean, have you seen that video? Yes,
Speaker 3
I have. Yeah, I'm trying to find it right here. It's so creepy.
Speaker 2
You don't think that has anything to do with it? Okay, hold on. I love Elephant Channel. I'm leaving. Don't let the door... Dude, can I help you pack?
Speaker 3
Seriously, though, I will say... Can I just say props to her? Because you hear that all the time. I'm leaving the country. Nobody ever actually does it. Some credit is due to her. Dude, she did...

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