The Meb Faber Show - Better Investing

Guest Cliff Asness from AQR Capital Management discusses diversification, managing client expectations, alternative trend-following strategies, and implementing AI in investing. They explore real vs fake quotes, moving away from market cap weighting, and Cliff's most controversial opinion. Discover how AQR is using AI in their investment process.

Steve Edmundson, CIO of Nevada's $60 billion retirement system, discusses the simplicity of indexing all publicly traded asset classes. He shares insights on cultural approach, private markets, and impact of higher interest rates. Emphasizes quality asset allocation, fee reduction, and managing a $60 billion portfolio. Explores strategies for high-quality bias in asset allocation and navigating bizarre market landscape with zero interest rates. Discusses indexing, rebalancing, and disciplined investment strategies in market movements.

Exploring CalPERS management and investment strategy, analyzing portfolio performance and comparing to benchmark strategies. Discussing portfolio replication, risk parity, and Bridgewater's alpha strategy. Emphasizing the benefits of strategic portfolio design using ETFs for lower fees and taxes.

Explore market sentiment and consumer confidence with Peter Atwater and Grant Williams as they discuss natural gas, Nvidia, Elon Musk's tweets, gold, Bitcoin, luxury markets, the Japanese stock market, and more controversial opinions and memorable investments.

Tim Ranzetta discusses Next Gen Personal Finance's 'Mission 2030' to teach finance to all US high school students by 2030. He shares ways to get involved, recommended books for kids, and insights on financial education. Also covers California's progress in financial literacy and the Invest America initiative.

Whitney Baker discusses the impact of money expansion on asset prices, the Fed's challenge balancing inflation concerns, and emerging market opportunities. She talks about attractive valuations, her view on launching a new fund, and the role of gold as an inflation hedge. Whitney shares controversial viewpoints and explores historical resources for investing.

Explore the process of converting SMAs to ETFs with insights from Alpha Architect's Wes Gray and business lawyer Bob Elwood. They discuss the advantages, tax implications, and future trends of this conversion. The conversation also covers examples of conversions, tax optimization strategies, and navigating complexities in the financial industry. Dive into growth predictions, past forecasts, and debates on investments in this informative podcast episode.

Explore a better approach to dividend investing with insights on shareholder yield ETF (SYLD) and the outperformance of Cambria SYLD. Learn about important factors and risks when investing in dividend funds, such as charges, expenses, and potential pitfalls like high commission costs and international investing risks.

Today’s guest is Drew Dickson, founder of Albert Bridge Capital and CIO of Alpha Europe funds. We talk a lot about global investing on this show and wanted to talk about that with Drew given his focus on European markets. Between the end of 1979 and the end of 2009, both the U.S. and Europe were 26 baggers and roughly had the same returns. Since then? The U.S. has returned 15% per year while Europe has returned just 8% per year. We spend a lot of time on whether this will continue. We also talk about the impact former guest and Nobel Laureate Richard Thaler had on his investment philosophy, the importance of shedding our biases to generate alpha, his valuation of Tesla, and much more.(1:32) - Welcome Drew the show (2:17) - Drew’s time learning from Richard Thaler(8:50) - Handling behavioral biases(11:39) - Experiencing the tech bubble in Europe(15:46) - Drew’s focus on investing in European firms(28:43) - Where Drew sees opportunity today(40:28) - Tesla(54:22) - Drew’s most memorable investment-----Follow Meb on Twitter, 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: Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription (new clients only).Sponsor: Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok-----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!  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben Mackovak, Co-Founder of Strategic Value Bank Partners and board member for several banks, joins the show to discuss the challenges and opportunities in the banking industry. Topics covered include bank failures, commercial real estate risk, fintech disruption, and the impact of interest rate hikes. Ben also shares his controversial viewpoint and most memorable investment.