The Meb Faber Show - Better Investing

Jon Hirtle, founder of Hirtle, Callaghan & Co., shares his journey creating the OCIO model and discusses asset allocation, working with investing teams, and the current investment landscape. The podcast also explores the origins of OCIO, the evolution of asset allocation strategies, lessons on managing mission-driven funds, the importance of planning and defining success, and a memorable investment during the financial crisis.

Mikhail Samonov, CEO of Two Centuries Investments, shares insights from studying two centuries of financial returns, including momentum and asset allocation. He also discusses using AI to analyze intangible value and company cultures. The podcast explores the challenges faced by investors in sticking to asset allocation strategies and the importance of unpopular beliefs in the financial industry. Mikhail shares his most memorable investment and reflects on missed investment opportunities.

John Davi, CEO and CIO of Astoria Portfolio Advisors, discusses his macro plus-quant approach to the markets. Topics include his entrance into the ETF space, global diversification, opportunities in Europe and Japan, and focusing on after-tax after-inflation returns.

Soo Chuen Tan, founder of Discerene Group, shares lessons from working with Seth Klarman and the ideal structure for an investment firm. They discuss their contrarian, long-term value investing philosophy, evaluating businesses with network effects, reasons for removing companies from the portfolio, and the importance of considering geopolitical situations when investing outside the US.

Kevin Carter, Founder and CIO of EMQQ Global, emphasizes the growth potential of India's tech sector, comparing it to China's boom. He discusses environmental risks, his experiences playing Blackjack with Burton Malkiel, challenges in investing in emerging markets, the rise of the digital consumer in emerging markets, the impact of technology in India's development, and investing experiences in South Asia.

Liz Ann Sonders, Chief Investment Strategist of Charles Schwab, shares timeless lessons from her mentor Marty Zweig. She discusses the economy, markets, earnings estimates, and the Fed. Topics include rolling recessions, housing market variations, international diversification, and the importance of a disciplined investing approach.

Ulrike Hoffmann-Burchardi, Portfolio Manager at Tudor Investment Corporation, discusses lessons learned at Tudor, the incorporation of AI and large language models in investing, her view of the macro landscape, and areas of the market she likes today. They also explore the transformative potential of large language models, trust and transparency in data and AI, memorable investment opportunities in autonomous driving, and the performance of companies like NVIDIA and Tesla.

Phil Bak, CEO of Armada ETFs, gives a masterclass on real estate investing. He covers the residential real estate space and introduces his solution to the problem investors have faced this year with private REIT strategies. Phil discusses his use of AI and machine learning in the REIT space and shares his most memorable investment. He also talks about changing market dynamics due to shifting Fed actions and lessons from investing in baseball cards.

Mohnish Pabrai, founder of Pabrai Investments, discusses his love for bridge, philanthropy efforts, and investment opportunities in Turkey and India. He shares insights on investing long-term, holding high-conviction bets, and his perspective on Apple. The podcast also explores teaching personal finance, supporting underprivileged kids in India, and the correlation between mustaches and portfolio performance.

Today’s guest is Stephanie Pomboy, founder of MacroMavens and one of the top macro minds around. In today’s episode, Stephanie shares her take on the investment landscape and why she’s very concerned about the corporate credit market. Then she shares her take on the dollar, gold, and where she sees opportunity given her bearish views. In reading some of Stephanie’s recent research to prepare for the episode, I came across some data points that I haven’t seen anyone else talking about, so I promise you’ll love this episode. -----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-----Today's episode is sponsored by Future Proof. Future Proof, The World’s Largest Wealth Festival, is coming back to Huntington Beach on September 10-13th! New in 2023 is Breakthru Meetings Program – which will be facilitating more than 10,000 1-on-1 meetings. Financial Advisors and LPs, get your ticket FREE plus a $750 reimbursement by applying for the hosted meetings program by the August 15th deadline.-----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