Meb Faber
@MebFaber • 141,544 subscribers
Founder:@cambriafunds,@theideafarm Pod: https://t.co/CvHIZ68yqU Free books: https://t.co/gm0ghOal8Q Youtube: https://t.co/linHiudqoc Email: mf@cambriainvestments
Videos
𝗜𝘀 𝘁𝗵𝗲𝗿𝗲 𝗮 𝗿𝗵𝘆𝘁𝗵𝗺 𝘁𝗼 𝗴𝗼𝗼𝗱 𝗮𝗻𝗱 𝗯𝗮𝗱 𝗱𝗲𝗰𝗮𝗱𝗲𝘀 𝗳𝗼𝗿 𝘀𝘁𝗼𝗰𝗸𝘀? Finaeon's Bryan Taylor lays out a 30-year cycle running through the last century of US market returns: • 𝗗𝗼𝘂𝗯𝗹𝗲-𝗱𝗶𝗴𝗶𝘁 𝗱𝗲𝗰𝗮𝗱𝗲𝘀: 1920s, 1950s, 1980s, 2010s • 𝗣𝗼𝗼𝗿 𝗱𝗲𝗰𝗮𝗱𝗲𝘀: 1940s, 1970s, 2000s (two vicious bear markets) • 𝗙𝗼𝗹𝗹𝗼𝘄 𝘁𝗵𝗲 𝗽𝗮𝘁𝘁𝗲𝗿𝗻 → the 2040s look strong • 𝗦𝗮𝗺𝗲 𝗽𝗮𝘁𝘁𝗲𝗿𝗻 → the 2030s do not bode well "If you follow that logic, the 2040s are going to provide great returns."
Meb Faber179,347 views • 8 days ago
𝗠𝗲𝗲𝘁 𝗕𝗼𝗯, 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱'𝘀 𝘄𝗼𝗿𝘀𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗶𝗺𝗲𝗿 Bob only bought at all-time highs: 1973, 1987, the dot-com peak, the GFC. He never sold. The IRR still came in around 8% a year. "He still ended up a millionaire because he just kept his money in stocks." - Ben Carlson 𝗟𝗶𝘀𝘁𝗲𝗻: 𝗪𝗮𝘁𝗰𝗵:
Meb Faber48,039 views • 3 days ago
𝗜𝗳 𝘆𝗼𝘂 𝗵𝗮𝗱 𝗽𝘂𝘁 $𝟭 𝗶𝗻 𝗨.𝗦. 𝘀𝘁𝗼𝗰𝗸𝘀 𝗶𝗻 𝟭𝟳𝟵𝟵 𝗮𝗻𝗱 𝘀𝗶𝗺𝗽𝗹𝘆 𝗹𝗲𝗳𝘁 𝗶𝘁 𝗮𝗹𝗼𝗻𝗲, 𝘆𝗼𝘂𝗿 𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗮𝗻𝗱𝗸𝗶𝗱𝘀 𝘄𝗼𝘂𝗹𝗱 𝗯𝗲 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗿𝗼𝘂𝗴𝗵𝗹𝘆 $𝟮𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝗱𝗮𝘆. Today's podcast is about my next book: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘈𝘮𝘦𝘳𝘪𝘤𝘢: 𝘛𝘩𝘦 𝘙𝘪𝘴𝘦 𝘰𝘧 𝘢 250-𝘠𝘦𝘢𝘳 𝘉𝘶𝘭𝘭 𝘔𝘢𝘳𝘬𝘦𝘵 - out July 4! 🍎 Apple: 📺 YouTube: → Pre-order Investing in America: → Learn more about the book:
Meb Faber30,702 views • 7 days ago
Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) says the U of Michigan sentiment survey has become "notoriously partisan" — and it's distorting how the market reads the data: → Around 25% of Democratic respondents say inflation is currently running over 100% right now. → Republicans currently read sentiment at 87, Dems at 32 (both flat year-over-year). → 51% of Democratic respondents are now below the survey's all-time "worst ever" reading of 47.6. → Median 1-year inflation expectations: Dems 4.8%, Republicans 1.0%. "University of Michigan went to no longer doing a phone survey. So it's online only...the response rate now is roughly 66% Democratic versus 33% Republican. That's not a fair breakdown of The US overall." "The Democratic responses for current conditions is essentially unchanged since November, and the Republican responses are unchanged since the summer. The only reason that overall number kept dropping is that it's reflecting a greater percentage of Democratic respondents."
Meb Faber157,325 views • 1 month ago
𝗝𝗶𝗺 𝗚𝗿𝗮𝗻𝘁 𝗵𝗮𝘀 𝗰𝗵𝗿𝗼𝗻𝗶𝗰𝗹𝗲𝗱 𝗲𝘃𝗲𝗿𝘆 𝗪𝗮𝗹𝗹 𝗦𝘁𝗿𝗲𝗲𝘁 𝗺𝗮𝗻𝗶𝗮 𝘀𝗶𝗻𝗰𝗲 𝟭𝟵𝟴𝟯, 𝗮𝗻𝗱 𝗵𝗲 𝘁𝗵𝗶𝗻𝗸𝘀 𝘁𝗼𝗱𝗮𝘆 𝗿𝗶𝘃𝗮𝗹𝘀 𝘁𝗵𝗲 𝘄𝗶𝗹𝗱𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲𝗺. My conversation with Jim covers: • Why AI is "one of the greatest bubbles of all time" • Expectations for the SpaceX, OpenAI & Anthropic IPOs • One-third of the ~$6 trillion in life insurance assets now sits in private credit • His grade for Jay Powell, and expectations for Kevin Warsh • U.S. debt went from $1 trillion in principal to $1 trillion in annual interest in a single career 0:00 Starts 0:39 Jim on the AI mania 12:23 The economic implications of inflation & deflation 19:56 Interest rates and private credit concerns 27:13 The Fed's inflation 'target' 41:10 How to fix the Federal Reserve 45:09 The history and role of gold in portfolios 54:34 Jim's most memorable investment 57:28 Historical periods to study
Meb Faber67,678 views • 18 days ago
𝗧𝗼𝗺 𝗟𝗲𝗲 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝟱 𝗼𝗳 𝘁𝗵𝗲 𝟭𝟬 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗯𝗮𝗻𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹𝗹𝘆 𝗻𝗮𝘁𝗶𝘃𝗲 𝘄𝗶𝘁𝗵𝗶𝗻 𝗮 𝗱𝗲𝗰𝗮𝗱𝗲: "JPMorgan makes $60 billion a year, the most profitable bank in the world, with 300,000 employees. Jane Street... just reported $10 billion in profit in the first quarter with 3,000 employees." "With one one-thousandth the number of employees, they're almost as profitable as JPMorgan. And they're making more money than the second, third, fourth largest banks in the world." "Tether, which is a crypto-native, completely digital-native bank selling a stablecoin, is going to make $15 billion this year, which would rank it as the eighth most profitable bank in the world with 300 employees." "What's happening with blockchain is what happened with digital media where there were the traditional studios and then there was Netflix, or with telecom where there was long distance and local and then there was cellular." Full episode with Thomas (Tom) Lee (not drummer) FundstratDirect.com: 🍎 𝗔𝗽𝗽𝗹𝗲: 📺 𝗬𝗼𝘂𝗧𝘂𝗯𝗲:
Meb Faber117,302 views • 1 month ago
My conversation today with Russell Napier is a timely one. Russell explains why he believes we’re going through the end of the existing global monetary system, why gold may be signaling what comes next history, and what lessons from financial history investors should think about today (technology doesn't always defeat inflation!). 🍎 Apple: 🍏 Spotify: 📺 YouTube:
Meb Faber120,568 views • 5 months ago
Yale's William Goetzmann (William Goetzmann) on the biggest financial bubble in history: "We've lived through the biggest financial bubble in history, which is the NFT bubble… the NFT bubble just beat out the tulip mania bubble." He built an NFT index and compared it directly to Dutch Tulip Mania (1630s–40s). NFTs went from ~$0 to millions per piece during COVID.
Meb Faber24,727 views • 1 month ago
My conversation with Professor Aswath Damodaran (Aswath Damodaran). We cover: • AI winners and losers in the Magnificent 7 • OpenAI's (projected) growth rates • The software selloff • Corporate Bitcoin balance sheets • Sports franchises as "trophy assets" • The rise of prediction markets 0:00 Starts 0:34 Professor Damodaran on the Magnificent Seven 7:26 OpenAI's growth, AI's impact on valuations, and software industries 16:07 High capex investment risks 23:10 Market timing 33:43 Trust and the rise of gold and silver 45:12 Cryptocurrencies on company balance sheets 47:42 Sports franchises 52:27 Prediction markets
Meb Faber65,080 views • 4 months ago
Dan Rasmussen (Dan Rasmussen) discusses the changing narrative around private equity. 🔗
Meb Faber46,477 views • 10 months ago
New episode with Dan Rasmussen & D.A. Wallach ! Dan & D.A. walk through the state of biotech from both a quant and VC point-of-view. Then we get into the issues with private equity that Dan Rasmussen first spoke about on the show back in 2018! D.A. Wallach covers the impact of AI on healthcare, an analysis of VC returns, tax strategies, and more. This is a fun one! Links below
Meb Faber47,109 views • 1 year ago
📊 Starting Valuations Matter Enormously "The most important thing in medium to long-term investing is valuation. It's just the only thing that is reliably a predictor of future returns." - Jim Reid Jim's study found: 🔹 A low P/E portfolio returns 20.2% p.a. over the last 70 years with the high P/E portfolio at 11.4% 🔹 The high dividend portfolio returns 12.8% p.a. over the last 200 years, with the low dividend portfolio 9.3%. "If I was gonna be glib and say there's one secret sauce to investing, it is: buy low, sell high."
Meb Faber17,865 views • 4 months ago