The Meb Faber Show - Better Investing Financial Sleuthing: Herb Greenberg on Investigative Journalism in Finance | #539
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Jun 28, 2024 
Herb Greenberg, a veteran financial journalist, talks about market evolution, identifying frauds like Herbalife, and advice for new market entrants. He also discusses his new venture, Wall Street Beats. The podcast covers market structure changes, short sellers, contrarian investment beliefs, and the impact of investigative journalism in finance.
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First Encounter
- Meb Faber recalls meeting Herb Greenberg virtually in 2000 as a guest speaker in John Griffin's investment class.
- Faber's long idea for the class, Human Genome Sciences, experienced extreme volatility during that period.
Spring 2000 Market
- Herb Greenberg discusses the changing market dynamics in the spring of 2000, emphasizing the speculative nature of internet stocks.
- He highlights the importance of risk factors outlined by analysts, which often proved prescient.
Market Structure Shift
- Market structure has changed due to passive investing and ETFs.
- These funds are harder to shake out, requiring more than just bad headlines.