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The Meb Faber Show - Better Investing

Adam Karr, Orbis Investments - One Of The Most Important Decisions You Make Is The Price That You Pay | #218

The Meb Faber Show - Better Investing

The Idea Farm

Investing, Management, Business

4.8978 Ratings

🗓️ 6 May 2020

⏱️ 57 minutes

🧾️ Download transcript

Summary

In episode 218 we welcome our guest, Adam Karr. In today’s episode, we’re talking stocks and investment process. We cover Orbis’ investment philosophy, and the relentless focus on companies trading at a discount to intrinsic value through a bottom-up analysis process. Adam offers thoughts on the current environment and why he thinks this looks more like the .com bubble, rather than the aftermath of the global financial crisis. We get into some of the opportunities in the market today and discuss emphasizing companies with balance sheet strength and thinking in terms of long-term, normalized earnings power. All this and more in episode 218 with Orbis Investments’ Adam Karr. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.

0:11.0

Join us as we discuss the craft of investing and

0:13.5

uncover new and profitable ideas all to help you grow wealthier and wiser.

0:17.2

Better investing starts here.

0:18.8

Met Faber is the co-founder and chief investment officer at Cambria Investment Management.

0:23.3

Did it industry regulations, he will not discuss any of Cambry's funds on this podcast.

0:27.2

All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion

0:31.1

of Cambria Investment Management or its affiliates.

0:33.4

For more information, visit Cambria Investments.com.

0:35.6

Hey podcast listeners, we got another awesome show for you today. Our guests

0:43.8

join the multi-billion dollar asset manager Orbis Investments in 2002 and

0:48.4

leads the US-based investment team as director and portfolio manager. In today's episode we're talking

0:54.3

Stacks. We cover Orbis's investment philosophy and the relentless focus on companies

0:59.1

trading at a discount to intrinsic value through a bottom-up security analysis process.

1:04.9

Our guest offers thoughts on the current environment and why you think this looks more like

1:08.4

the dot-com bubble rather than the aftermath of the global financial crisis. We get into some of the opportunities in the

1:13.8

market today and discuss emphasizing companies with balance sheet strength and

1:17.4

thinking in terms of long-term normalized earnings power.

1:21.2

American Farmland is disappearing at an alarming rate.

1:25.8

According to the USDA, the U.S. has lost four acres of farmland per minute since 2000.

1:31.4

That's a landmass larger than the state of Florida, lost a real estate

1:34.8

development and soil burnout. All the while the demand for food, especially healthy,

...

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