James Rasteh, Coast Capital - The World Is Running Out Of Gold | #352

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 20 September 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 352, we welcome our guest, James Rasteh, founder of Coast Capital, a fund that takes a private equity approach to investing in public markets. In today’s episode, we talk about gold miners, European activism, and ESG. James starts by explaining why he’s so bullish on gold miners from both a macro and micro perspective that he created a fund dedicated to activist investing in that space. Then we talk about the opportunity set in Europe and why James believes the valuation difference between the U.S. and Europe isn’t justified. We even talk about the difference between being an activist investor in the U.S. and Europe. As we wind down, James shares his frustration with the finance industry’s use of ESG as mainly a marketing exercise. Please enjoy this episode with Coast Capital’s James Rasteh. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s episode is sponsored by Hone Health. Did you know men's testosterone levels can decrease by 1% - 2% per year after the age of 30? Addressing low testosterone and optimizing your hormones can improve your energy, increase your libido and muscle mass. Hone offers a safe and convenient solution to get hormone testing and meds from the comfort of home. Complete your at home biomarker testing, video chat with a doctor and get FDA approved medications that are delivered directly to your door. For a limited time only, listeners can get their at home assessment test and doctor consultation for only $45. Head over to honehealth.com/Meb to take advantage now. Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, an excel quant backtester and the entire research library. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor 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	Meep Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.2	Did it industry regulations, he will not discuss any of Cambry's funds on this podcast.
0:27.0	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.
0:36.4	What's up everybody?
0:40.4	Today we got a great show.
0:41.8	Our guest is the founder of Coast Capital, a fund that takes a private equity approach to investing
0:46.4	in public markets.
0:47.4	In today's show we talk about goal miners, European activism, and ESG.
0:51.8	Our guest starts by explaining that he's so bullish on goal miners from both a macro and micro perspective
0:57.3	that it created a fund dedicated to activists investing in that space.
1:00.8	Then we talk about the opportunity set in Europe and why our guests
1:03.6	believes the valuation difference between the US and Europe is a big
1:06.8	opportunity. And what are the differences between being an activist investor in
1:10.9	the US and Europe anyway? As we wind down our guest shares this
1:14.0	frustration with the finance industry's use of ESG. This episode is brought to you by
1:19.2	10 East. Long time listeners know I've invested in private markets quite a bit myself
	...

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