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The Meb Faber Show - Better Investing

Jeff Hooke, Johns Hopkins - The Buyout Business…Has Not Outperformed The Public Stock Markets For The Last 10 or 15 Years | #361

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7938 Ratings

🗓️ 20 October 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

In episode 361, we welcome our guest, Jeff Hooke, Senior Lecturer at the Johns Hopkins Carey Business School and author of The Myth of Private Equity, which is what we focus on today. In today’s episode, Jeff pulls no punches when sharing his thoughts on the private equity industry. He likens the belief that private equity has outperformed the market to believing the tooth fairy is real and compares their reporting process to an 8-year-old girl rating her own homework. We dive deeper into the lack of transparency around fees and returns and then discuss the recent approval to allow 401(k) plans to include private equity investments and why that goes against what the great John Bogle believed. Please enjoy this episode with John Hopkins’ Jeff Hooke. ----- 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 FarmTogether. FarmTogether is a technology-powered investment platform that enables investors to channel funding into natural assets, starting with U.S. farmland. By driving abundant and creative capital to farmers, we’re giving investors the opportunity to drive agriculture toward sustainability on a massive scale. Alongside a changing climate, the global population continues to grow, with expectations of reaching 9.7 billion by 2050. This means approximately 70% more food will be required than is consumed today. FarmTogether investors are providing the key financial building blocks for a sustainable future. --- 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

Matt 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 Cambria's funds on this podcast.

0:27.0

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

0:30.8

opinion of Cambria Investment Management or its affiliates.

0:33.4

For more information, visit cambria Investments.com.

0:36.3

Hello friends.

0:40.3

Today we got a great show.

0:41.8

Our guest is a senior lecturer at the John Hopkins

0:44.6

Carey Business School and author of the new book The Myth of Private Equity.

0:49.1

In today's show our guest pulls no punches when sharing his thoughts on the PE industry.

0:54.9

He likens the belief that private equity is outperformed the market to believing the

0:58.8

tooth fairy is real and compares their reporting process to an 8 year old rating their own homework.

1:04.0

Ouch. We dive deeper in the lack of transparency around fees and returns and then

1:09.0

discuss the recent approval to allow 401k plans to include private equity investments and why that goes against what the great John Bogle believed in.

1:17.6

American Farmland is disappearing at an alarming rate. According to the USDA, the US has lost four acres of

1:24.4

farmland per minute since 2000. That's a landmass larger than the state of

1:28.7

Florida, lost a real estate development andil Burnout.

1:32.6

All the while the demand for food, especially healthy, organic food,

...

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