Investing Experts
Meb Faber and Kirk Spano talk shareholder yield and ETF opportunities
Feb 25, 2025
Meb Faber, an expert on shareholder yield and ETFs, joins Kirk Spano, who shares insights on fixed income markets. They dive into the implications of a slightly weaker USD on foreign markets and explore the potential of shareholder yield strategies during tough economic times. The duo discusses tactical approaches to bond investing and highlights the Cambria Tactical Yield ETF as a strategic solution. They even touch on Bitcoin's evolving role in investment portfolios, likening it to 'digital gold' in today's economy.
25:15
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Investors must be cautious of investing in risky bonds without adequate safety margins, focusing instead on favorable spreads for better returns.
- The growing acceptance of Bitcoin among institutions marks a significant shift in asset allocation, suggesting its role as a digital hedge.
Deep dives
The Importance of Risk Management in Value Investing
Investing in risky bonds without a proper margin of safety is ill-advised, particularly if the spread compared to treasury bills is negligible or negative. A solid investment strategy involves seeking a beneficial spread to justify the risks associated with bonds. In response to this, a new fund focusing on diverse risky bonds was launched, aiming to optimize returns while managing risk appropriately. This approach emphasizes the need for careful selection and monitoring of investments in high-risk assets.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
