Stated preferences over the last 15 years have become more and more falsified. People have gotten used to simply lying about how they feel. Revealed preferences are, how much money do you actually have long at the stock market? What's your application to the risk asset? And so i think that theyghl probably for right now, yet, they've definitely diverged.
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