Woody Allan: I always try to convince people, even just the amateur investor, just write it down. The whole idea of having things in writing is a benefit because then you get to say, oh, i guess i'm not going do that. But again, it's like much of life, woody allan, what? 80 % of success just showing up. We are so sympotical on all this stuff. Obviously, we have written investment policies around each one of our strategies. And we're crazy cause we're obsessed, and we want to see that last ten%.
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