#30: Meb Faber On The Future Of Investment Management
Superinvestors and the Art of Worldly Wisdom
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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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