This episode is sponsored by Northern Trust Wealth Management.

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Tune in each month to the Road to Why podcast by the Northern Trust Institute,

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And so I've famously applied for the Cowper's CIO jobs three times, and I say publicly,

say, look, I'm going to fire almost everyone. I'm going to put

this in a bunch of low-cost ETFs. We'll have a meeting once a year. We'll rebalance. We'll drink some

beers. We'll watch Seinfeld talk about it. And then guess what? We'll check out for another year.

You can sell that big, shiny office on and on. And they won't take me up on it. Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe, and the voice you just heard is Meb Faber.

And he's not really looking for a job.

He's the CIO and founder of Cambria Investment Management.

He's talking about CalPERS.

That's the California Public Employees Retirement System. It's a big institutional money manager. And Meb has a new white paper out on Yale's Endowment Fund. In a moment, we're going to hear from him on a few topics, really. When you hear about those wonderful past returns from institutional money managers. Should you feel like they're getting

something you're not? Should you feel like you're missing out? Can you invest as well as Yale?

I think you'll be encouraged to hear the answer. That's coming up. First, we'll say a few words

about big foods, big Florida splash. Listening in is our Big Florida Splash.

Listening in is our audio producer, Jackson.

Big Florida splash.

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