The Meb Faber Show - Better Investing

Kim Flynn, President of XA Investments, discusses the booming world of alternative investments. She dives into the rise of interval funds and their benefits for retail investors, highlighting the challenges and innovations within this space. Flynn shares insights on farmland investments and the potential of private credit and venture capital. With a focus on best practices for advisors, she emphasizes the importance of transparency and education for navigating these complex products. Her forward-looking perspective anticipates significant growth in alternative investments by 2030.

In this discussion, Cole Wilcox, CIO of Longboard Asset Management and expert in alternative investment strategies, unpacks the significance of trend-following in today’s market. He emphasizes that being a good loser is essential for successful investing and highlights how power laws govern stock performances. Cole also explores the current implications for trend-following in relation to the dollar, gold, and potential recession indicators, offering a thoughtful perspective on navigating future market challenges.

Alex Wright, Global Wealth Strategist at Apollo, dives into the fragility of public markets and the promising landscape of private investments. He highlights the challenges posed by high valuations and limited diversification in traditional portfolios, advocating for a shift towards private equity, credit, and infrastructure. Alex shares insights into how these private assets can enhance diversification and provide unique opportunities in today’s evolving investment universe. His market outlook offers valuable strategies for navigating economic uncertainties.

Philipp Carlsson-Szlezak, Global Chief Economist at BCG and author of 'Shocks, Crises, and False Alarms', shares his perspective on macroeconomic risks. He discusses the need to move beyond traditional economic models and the importance of adapting to shifting global dynamics. Topics include the implications of tariffs, AI's transformative impact on labor markets, and potential recession risks. He also examines the evolving role of the dollar and gold in today's economy, urging a focus on real economic behaviors over mere sentiment.

Join legendary real estate investor Sam Zell, along with renowned investors Jeremy Grantham and John Arnold, as they share their most memorable investments. Zell reflects on pivotal decisions that shaped his career, revealing the unexpected success of mobile home parks. Grantham and Arnold discuss the rollercoaster ride of investing in cutting-edge technologies like QuantumScape. Their anecdotes offer valuable lessons in navigating the unpredictable world of finance, blending innovation with strategic risk-taking.

Today’s guest is Carl Kawaja, a Portfolio Manager with Capital Group for over three decades.In today’s episode, Carl shares insights into his investment philosophy, early experiences, and the current market landscape. He discusses the transformative impact of AI on semiconductor demand, the challenges posed by tariffs and supply chain dynamics, and the evolving landscape of sports gambling. Carl also reflects on the enduring value of certain companies, particularly in the context of evolving market conditions.(0:00) Starts(1:46) Intro(8:04) Compounding investments(13:47) Global investment insights(21:35) Market sentiment and trade policy discussions(28:01) Emerging markets(32:11) Tech, AI, and healthcare(37:34) Sports gaming industry(51:42) Biotech and healthcare investment opportunities(57:00) Carl's most memorable investment-----Follow Meb on X, LinkedIn and YouTubeFor detailed show notes, click hereTo learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com-----Sponsor: YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial.Follow The Idea Farm: X | LinkedIn | Instagram | TikTok-----Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com-----Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. -----Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! -----Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

Join Paul Donovan, Chief Economist of UBS Global Wealth Management, as he demystifies economic trends with clarity. He discusses the ramifications of tariffs on inflation and consumer behavior, observing a notable shift from goods to experiences. The conversation delves into Japan's economic transformation due to demographic shifts and examines the reliability of economic data amid rising political polarization. Paul also touches on how the emotional dynamics between Republicans and Democrats impact consumer sentiment and economic outlooks.

Francois Rochon, President of Giverny Capital, has achieved an impressive return of over 15% annually for more than 30 years. Influenced by legends like Peter Lynch and Warren Buffett, he emphasizes the values of patience, humility, and rationality in investing. Rochon reflects on his investment mistakes and the lessons learned from them. He discusses the real costs of stock-based compensation and the importance of focusing on company fundamentals. The conversation also touches on evaluating cryptocurrencies versus stable investments like Berkshire Hathaway.

Mark Haefele, Chief Investment Officer of UBS Global Wealth Management, shares insights on investing with over $4 trillion in assets under management. He discusses the crucial impact of government spending on investment decisions and reveals the five D's shaping today's landscape. Mark introduces the three L’s—liquidity, longevity, and legacy—as vital principles for asset allocation. He also tackles the intricacies of transferring wealth across generations and the role of behavioral finance in shaping investor strategies.

Christopher Zook, Founder and CIO of CAZ Investments, shares insights from his firm's $8 billion investments in private equity. He discusses the allure of GP stakes and the booming market for professional sports franchises. Christopher delves into the challenges and strategies for navigating illiquid assets, while highlighting emerging opportunities in digital technologies and energy sectors. With candid stories from his investment journey, he emphasizes the importance of risk management and alignment in strategies.