Resolve Riffs Investment Podcast ReSolve Riffs with Meb Faber - The Dude Abides
It had been a while since we riffed with our good friend Meb Faber (co-founder and the Chief Investment Officer of Cambria Investment Management), and as always, he didn’t disappoint. Our thought-provoking conversation covered topics such as:
- Meb’s big announcement – his Idea Farm, which curates investment content from a wide variety of sources, is now free
- Recent equity market dynamics and the pain that historically comes with inflation
- Why dogmatism and inflexibility are two of the worst traits for investors
- Never allowing your ideas to become part of your identity
- Diversification and ensembles are the right way forward, but most investors can’t follow because they are secretly gamblers at heart
- Marc Faber is not Meb’s dad
- Chasing the hot hand is rarely a winning investment strategy for the long run
- The irresistible allure of lottery-ticket stocks vs the Law of Large Numbers
- The incredible round-trip by ARK ETFs and a following that resembles a religion
- Every investment makes you richer or wiser, but never both
- The power of compounding and the most unbelievable investment statistic you’ll ever hear
- Most professional investors have a process for what they buy, but no process for what they sell
- The right time horizon to evaluate a strategy is MUCH longer than most investors can stick with if it doesn’t outperform from the start
- And much more
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.
*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.