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

Join us as we discuss the craft of investing and

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

Better investing starts here.

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

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

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

Cambria Investment Management or its affiliates.

For more information, visit Cambria Investments.com.

Hello there, podcast listeners.

Today we have a very short mebiscode which means I'm talking about a short

research piece sometimes they don't have to be long they don't have to be an hour long and be

droning on it could be short and sometimes short is better today what are we going to talk about we're going to talk about expectations the name of today's piece is a recent article we did called how long can you handle underperforming or how to beat

94% of all mutual funds. The genesis of this is polls that we see over and over and over again and they're almost always the same

but there was a recent one by Natixis that did a survey of global individual

investor expectations so they asked him, what do you expect your

portfolio to return? And the answer all around the world was 11.7 percent. And by the way listeners was real after inflation return so if you add

on 2% that gets you to 13.7 I don't think that's really a fair question for most people because a lot of

individual investors struggle with the concept of nominal versus real but even if it

was 11.7 is that reasonable based on history.

So today we have some good news, we have some bad news.

Well, not so much bad news is really sobering news.

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