Episode 124

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Published on:

2nd May 2022

ReSolve Riffs with Meb Faber - The Dude Abides

It had been a while since we riffed with our good friend Meb Faber (co-founder and the Chief Investment Officer of Cambria Investment Management), and as always, he didn’t disappoint. Our thought-provoking conversation covered topics such as:

  • Meb’s big announcement – his Idea Farm, which curates investment content from a wide variety of sources, is now free
  • Recent equity market dynamics and the pain that historically comes with inflation
  • Why dogmatism and inflexibility are two of the worst traits for investors
  • Never allowing your ideas to become part of your identity
  • Diversification and ensembles are the right way forward, but most investors can’t follow because they are secretly gamblers at heart
  • Marc Faber is not Meb’s dad
  • Chasing the hot hand is rarely a winning investment strategy for the long run
  • The irresistible allure of lottery-ticket stocks vs the Law of Large Numbers
  • The incredible round-trip by ARK ETFs and a following that resembles a religion
  • Every investment makes you richer or wiser, but never both
  • The power of compounding and the most unbelievable investment statistic you’ll ever hear
  • Most professional investors have a process for what they buy, but no process for what they sell
  • The right time horizon to evaluate a strategy is MUCH longer than most investors can stick with if it doesn’t outperform from the start
  • And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

 

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

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About the Podcast

Resolve Riffs Investment Podcast
Welcome to ReSolve Riffs Investment Podcast, hosted by the team at ReSolve Global*, where evidence inspires confidence.
These podcasts will dig deep to uncover investment truths and life hacks you won’t find in the mainstream media, covering topics that appeal to left-brained robots, right-brained poets and everyone in between. In this show we interview deep thinkers in the world of quantitative finance such as Larry Swedroe, Meb Faber and many more, all with the goal of helping you reach excellence. Welcome to the journey.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.