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Sam Zell - The Grave Dancer on Private REITs, the Macro Landscape, & Timeless Investing Wisdom | #478

The Meb Faber Show - Better Investing

CHAPTER

The Importance of Understanding Your Market

In a world of low interest rates and a lot of money sloshing around, competition also means these really giant, well-funded competitors. I joke about Vanguard a lot who I love but you know, anytime you get a T after your name for A.U.A.M. for trillions, they have a lot more power to squeeze all the juice out of what they're doing. And while I don't understand, I don't put my money there.

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