The Meb Faber Show - Better Investing cover image

The Meb Faber Show - Better Investing

Jim Masturzo - Fragile Markets, Strong Portfolios: 2025 Asset Allocation Playbook | #570

Feb 14, 2025
Jim Masturzo, CIO of Multi-Asset Strategies at Research Affiliates, dives into the shaky foundations of U.S. markets with high valuations. He discusses the stark investment landscape in China and India, emphasizing the need for portfolio diversity. Masturzo critiques private equity expectations versus public market realities and sheds light on the complexities of fixed income dynamics. He questions the optimistic outlook on AI's impact on productivity while offering strategies for risk management and effective asset allocation in today's volatile environment.
50:45

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Jim Masturzo emphasizes the fragility of U.S. markets due to high valuations, urging investors to seek diversification beyond traditional models.
  • Emerging markets, especially India and South America, present attractive investment opportunities, offering fair valuations against an overvalued U.S. market.

Deep dives

The Growing Organic Market

The organic food market is rapidly expanding, projected to reach approximately $144 billion by 2032, as it approached $70 billion in 2023. Currently, however, less than 1% of U.S. farmland is certified organic, indicating a substantial investment opportunity. Farmland LP, with over 18,000 acres and a strong track record, focuses on converting conventional farmland into organic and regenerative farmland. This value-add strategy aims to enhance profitability per acre while providing environmental benefits and is currently attracting accredited investors for its third regenerative farmland fund.

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