571 episodes

Ready to grow your wealth through smarter investing decisions? With The Meb Faber Show, bestselling author, entrepreneur, and investment fund manager, Meb Faber, brings you insights on today’s markets and the art of investing.

Featuring some of the top investment professionals in the world as his guests, Meb will help you interpret global equity, bond, and commodity markets just like the pros. Whether it’s smart beta, trend following, value investing, or any other timely market topic, each week you’ll hear real market wisdom from the smartest minds in investing today. Better investing starts here.

For more information on Meb, please visit MebFaber.com. For more on Cambria Investment Management, visit CambriaInvestments.com.

The Meb Faber Show Meb Faber

    • Business
    • 4.8 • 869 Ratings

Ready to grow your wealth through smarter investing decisions? With The Meb Faber Show, bestselling author, entrepreneur, and investment fund manager, Meb Faber, brings you insights on today’s markets and the art of investing.

Featuring some of the top investment professionals in the world as his guests, Meb will help you interpret global equity, bond, and commodity markets just like the pros. Whether it’s smart beta, trend following, value investing, or any other timely market topic, each week you’ll hear real market wisdom from the smartest minds in investing today. Better investing starts here.

For more information on Meb, please visit MebFaber.com. For more on Cambria Investment Management, visit CambriaInvestments.com.

    Whitney Baker on The Death of (Upside) American Exceptionalism | #523

    Whitney Baker on The Death of (Upside) American Exceptionalism | #523

    Today’s guest is Whitney Baker, founder of Totem Macro. She previously worked at shops like Bridgewater and Soros.
    In today’s episode, Whitney explains what led to $500 billion in money expansion last year and why that’s driven recent performance in asset prices. She discusses the challenge the Federal Reserve faces as they try to balance inflation concerns with the need to support asset prices.
    Finally, Whitney talks about the huge opportunity she sees in emerging markets today and which countries have attractive valuations and troughing conditions. 
    Listen to Whitney’s appearances in episodes 387 and 453.
    (1:37) - Welcome to our guest, Whitney Baker
    (1:55) - Whitney’s view of the macro landscape
    (4:48) - What led to the money expansion the past few months
    (14:57) - The challenge the Fed faces
    (30:58) - Opportunity in emerging markets
    (40:46) - Interesting markets to keep an eye on
    (48:03) - What leads to Whitney seeing an investment opportunity
    (58:57) - Update from Whitney on launching a new fund
    (1:04:11) - Whitney’s view on gold
    (1:07:17) - Larry Summers Tweet
    (1:10:53) - Whitney’s most controversial viewpoint
    (1:14:44) - Using useful resources from history
    Learn more about Whitney: Twitter; LinkedIn
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    Follow Meb on Twitter, LinkedIn and YouTube
    For detailed show notes, click here
    To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
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    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
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    Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
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    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. 
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    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

    • 1 hr 25 min
    How to Convert an SMA to an ETF with Wes Gray & Robert Elwood | #522

    How to Convert an SMA to an ETF with Wes Gray & Robert Elwood | #522

    Today’s returning guest is Alpha Architect’s Wes Gray, and he’s joined by Bob Elwood, a business lawyer with a focus on investment funds. 
    Wes and Bob just helped complete a separately managed account to ETF conversion of $770 million, so we had to get them on the show to walk through the process! They walk through the process of doing an SMA to ETF conversion via Section 351 from start to finish. They share some of the more nuances involved in the process and answer some common questions they hear over time.
    While the most popular ETF story so far this year is the Bitcoin ETF, this is arguably a bigger long-term story and a trend to watch in the next few years.
    (1:39) - Welcome to our guests, Wes Gray and Robert Elwood; Wes’ prior appearances on the show: how to launch an ETF, 2023 Radio Show, 2021 Radio Show
    (2:11) - Update on Alpha Architect
    (2:59) - Overview of converting SMAs to ETFs via Section 351
    (13:58) - Mutual fund to ETF conversions versus separate account to ETF conversions
    (19:34) - Weighing the advantages and disadvantages of SMA to ETF conversions
    (26:01) - Is Your Alpha Big Enough to Cover Its Taxes? A 25 Year Retrospective
    (26:35) - The case for the tax-free conversion of SMAs into an ETF via Section 351
    (34:35) - Alpha Architect’s connection to former Presidential candidate Vivek Ramaswamy
    (36:37) - Esoteric examples of SMA to ETF conversions
    (38:06) - When does it not make sense to do a conversion?
    (43:23) - The future of Alpha Architect
    Learn more about Bob and Wes: ETF Architect; Alpha Architect
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    Follow Meb on Twitter, LinkedIn and YouTube
    For detailed show notes, click here
    To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
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    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
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    Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
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    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. 
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    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

    • 47 min
    MEBISODE: A Better Approach to Dividend Investing

    MEBISODE: A Better Approach to Dividend Investing

    In today’s episode, Meb reads a paper titled, “A Better Approach to Dividend Investing.” 
    Learn more about the Cambria Shareholder Yield ETF, SYLD.
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    To learn more about our funds and follow us, subscribe to our mailing list. 

    To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money. 

    The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway Suite 1000 Denver CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.


    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 8 min
    GMO's Tina Vandersteel on a "Once-in-a-Generation" Opportunity | #521

    GMO's Tina Vandersteel on a "Once-in-a-Generation" Opportunity | #521

    Today’s guest is Tina Vandersteel, who is the head of GMO’s Emerging Country Debt team. She’s been with GMO for almost two decades.
    In today’s episode, we dive into Tina’s teams’ recent piece about what they call a possible “once-in-a-generation opportunity” in emerging market local currency debt. Tina gives a great overview of the emerging market debt asset class and then we dive into the reasons behind her team’s call. She shares why today is reminiscent of 2004 and how she thinks about things like liquidity panics and sanctions risk. And you won’t want to miss her hot take on China.
    It’s not often you see the words ‘once-in-a-generation’ from a well-respected shop like GMO so I’m excited for you all to listen in.
    (1:27) - Welcome Tina to the show
    (2:08) - Overview of emerging market debt
    (4:27) - What are Brady Bonds?
    (7:53) - Delving into sovereign debt issues
    (11:29) - No Stone Unturned
    (12:58) - The overvalued US dollar
    (25:00) - China’s place in emerging debt markets
    (29:33) - Identifying countries at risk of default
    (37:35) - Highlighting opportunities arising from geopolitical events
    (42:12) - Tina’s most memorable investment
    (47:00) - Sharing Tina’s most controversial viewpoint

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    Follow Meb on Twitter, LinkedIn and YouTube
    For detailed show notes, click here
    To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
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    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
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    Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
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    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. 
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    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

    • 56 min
    Drew Dickson on Navigating Behavioral Biases, U.S. vs. European Stocks, & Tesla | #520

    Drew Dickson on Navigating Behavioral Biases, U.S. vs. European Stocks, & Tesla | #520

    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
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    Follow Meb on Twitter, LinkedIn and YouTube
    For detailed show notes, click here
    To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
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    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
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    Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
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    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. 
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    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

    • 1 hr 3 min
    Ben Mackovak on The Secret Sauce of Investing in Banks | #519

    Ben Mackovak on The Secret Sauce of Investing in Banks | #519

    Today’s guest is Ben Mackovak, Co-Founder of Strategic Value Bank Partners, an investment partnership specializing in community banks. Ben also sits on the board for several banks, giving him unique insight into what’s going on in this area.
    It's been a wild ride lately for the banks. 2023 was the biggest year ever for bank failures. There are concerns about commercial real estate risk in the banking system, the Federal Reserve has raised interest rates at an incredible pace, and valuations for the entire sector are at a steep discount to the market. So, we had Ben join us to talk about all of this and share if these concerns are justified or if there is still opportunity in the space.
    (1:22) - Welcome Ben to the show
    (2:08) - Overview of Strategic Value Bank Partners back in 2015
    (5:40) - Distinguishing between community and regional banks
    (7:42) - Discussing bank failures and reforms
    (28:49) - The state of banks today
    (33:13) - Banks exposure to commercial real estate risk
    (35:58) - Engaging with banks
    (40:13) - The impact of fintech
    (49:35) - Revealing Ben’s most controversial viewpoint
    (54:02) - Ben’s most memorable investment
    Learn more about Ben: Strategic Value Bank Partners
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    Follow Meb on Twitter, LinkedIn and YouTube
    For detailed show notes, click here
    To 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 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. 
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    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

    • 1 hr 3 min

Customer Reviews

4.8 out of 5
869 Ratings

869 Ratings

Misskc116 ,

Super Informative

I learn a lot from this podcast and I am always excited for the next episode! Keep them coming@

Zinko & Shamus ,

Great stuff

Meb never disappoints. Newbies or vets can learn something from his pods. Great stuff

stoicFlow ,

Excellent podcast.

Great content. Great guests.

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