Ep. 311: Mebane Faber Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 19 January 2015
⏱️ 42 minutes
🧾️ Download transcript
Summary
My guest today is Mebane Faber, a noted author (The Ivy Portfolio), blogger, and portfolio manager with Cambria Investment Management. Faber is involved in many different areas of the market, extremely practical and pragmatic.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- The podcast medium
- Trend following, buy & hold, and emotions
- Anti-fragility
- Ray Dalio, risk parity, and his strategies All Weather and Pure Alpha
- Asset allocation as a buy and hold investor
- Faber's five ETF's, and his factors for starting one
- Deflation, inflation, Japan, why traders run out of the store when things are on sale
- Value investing
- What if governments didn't meddle with markets
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, not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:32.5 | Today of the podcast, I have Meben Faber. |
| 0:35.0 | I believe it's his third time, third time. I hope I'm right |
| 0:39.5 | about that. Memory's tough here. Look, let's face it, it's a lot of work for me to go to my own |
| 0:44.9 | iTunes listing and try and figure out how many times a guest has appeared. Oh no, I guess I should. |
| 0:52.7 | But I'm not going to. Meben is an all-around okay guy. |
| 0:56.1 | He's a market pro. He's involved in a lot of different areas of the markets. He has great |
| 1:00.5 | insights, very practical, very pragmatic. No BS. I like that. His book, very well known for the Ivy |
| 1:10.0 | portfolio. His blog, well-read well read thought leader check him out on |
| 1:14.7 | twitter lots of insights great conversation i hope you enjoy so what do you think you're pretty discriminating guys. The podcast still going a slightly |
| 1:31.6 | coherent direction, or is it falling off the rails? |
| 1:34.8 | I love it as a new medium. For me, I listen to podcasts in general as when I'm traveling |
| 1:42.3 | or maybe at the gym. The challenge, of course, is, you know, |
| 1:47.5 | it's a lot of material to listen to podcasts. And, and, you know, each one you're looking at a |
| 1:52.5 | chunk of a lot of, a lot of them are an hour or 30 minutes. I think yours have been a little |
| 1:57.4 | shorter lately. But it's good. but it's the same problem for me |
| 2:02.6 | that i have with other forms of media which is you know how do you find the true gems out of the |
| 2:10.9 | flood of information right yeah i don't have a good solution for that really i need an an assistant to wade through the amount of stuff out there. But yours, not just to compliment you, but yours is one of the most professionally done. I've subjected my girlfriend to listening to quite a few of them when I'm cooking or doing something. And usually a lot of them, she's like, |
| 2:35.9 | this is terrible. This person is awful at interviewing or the quality of it or whatnot. But |
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