The Meb Faber Show - Better Investing

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.

Barry Ritholtz, CIO of Ritholtz Wealth Management and author of 'How Not to Invest,' shares his insights on making smarter financial decisions. He critiques the reliance on investment experts, emphasizing the dangers of panic selling and the allure of following gurus. Barry also discusses the impact of mental biases on investing, including overconfidence and risk mismanagement. He highlights the need for self-awareness and the importance of valuing meaningful experiences over material wealth. Tune in for a blend of humor and financial wisdom!

Today’s guest is Aaron Froug, founder of Grifin, the company that helps you buy stock where you shop.In today’s episode, Aaron explains how the app connects everyday spending with investing by automatically buying stock in a company you make a purchase from. Meb & Aaron also touch on financial literacy, the benefits of consumer loyalty, and the future for the company. New users earn a $25 bonus by using the code INVEST.(0:00) Starts(0:34) Sponsor: YCharts(1:42) Introduction of Aaron Froug(3:24) Griffin app overview(7:00) Simplifying the investment process(11:33) User demographics(17:14) Shareholder perks(20:28) Grifin's origin story(24:38) Customer feedback and marketing strategies(29:00) Brand partnerships-----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 trialFollow 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

Jacqueline Faber, author of the psychological thriller 'The Department' and Meb's wife, shares insights into her writing journey. She discusses the dark academia genre and its exploration of trauma and bystander apathy, triggered by the Kitty Genovese case. Jacqueline reveals how to stand out in a crowded market and engage audiences through 'unreasonable hospitality.' Their conversation also touches on personal growth, handling feedback, and the interplay between artistry and commercial success, making it a captivating listen.

Dive into the world of Yale's legendary endowment model and discover its impact on investment strategies. Explore the principles of diversification and alternative investments that make this approach stand out. Compare Yale's performance to traditional portfolios and see how individual investors can achieve similar success. Learn the intricacies of active management and tailored asset allocation, while understanding the gaps between hypothetical returns and real-world outcomes. Get ready to rethink your investing game!

Peter Oppenheimer, Goldman Sachs’ Chief Global Equity Strategist and author of 'Any Happy Returns', dives into the complexities of today's investment landscape. He discusses structural changes driven by macroeconomic factors and geopolitical tensions that shape super cycles. Oppenheimer delves into the implications of AI and de-carbonization on returns while emphasizing diversification as a key strategy. He also shares insights on the emotional phases of market cycles and the contrasting dynamics of U.S. markets versus European banks.