Ep. 146: Mebane Faber Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 12 August 2013

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker.

The topic is his book Shareholder Yield: A Better Approach to Dividend Investing.

In this episode of Trend Following Radio we discuss:

State of quant investing in Asia
How asset allocation is like "bullets"
The benefits of quantitative-style systems
Protecting yourself against your own behavioral biases
Connections between biology and trading
Behavioral finance
Keeping yourself from making irrational decisions
Boom-bust cycles and bubbles
Quant views on the efficient market theory and buy and hold
Japanese markets compared to US markets
"Cheap" and "expensive" countries and markets
Asset class agnosticism
Avoiding the big losses
Investing based on dividends
Momentum as a return factor
Exit strategies

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:32.5	So today on the show I have Meben Faber.
0:36.0	Meben has been on the show before.
0:38.7	Yes, those are.
0:40.2	Motorcycles, I hope you can hear them.
0:42.0	I've decided to go outside and come up with some Saigon street noise to introduce Meben.
0:49.8	I'm not really sure what Saigon street noise has to do with Meben Faber.
0:54.1	Meben Faber is a smart guy.
0:56.7	He knows a lot about quant stuff.
0:59.1	He's got a bunch of books out.
1:00.1	You have to read his books.
1:01.8	I think our podcast will be fun.
1:05.6	Enjoy. What's going on? How are you? You just got back from the East Coast, yeah?
1:18.6	Late last night, it got delayed in Cleveland, but was in North Carolina.
1:24.8	It was kind of a nice work, fun combo, did three days giving talks to
1:31.1	the local CFA societies, and then three or four days at the beach with my family at a little
1:38.7	tiny beach in North Carolina called Topsoil Island. It was pretty fun.
1:44.6	So back to reality late last night, but it was fun.
	...

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