MEBISODE: The Bear Market in Diversification | #536

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 4 June 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today’s episode, Meb reads a recent post, "The Bear Market in Diversification." ----- Follow Meb on Twitter, LinkedIn and YouTube To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and
0:08.0	preserve your wealth. Join us as we discuss the craft of investing and
0:11.3	uncover new and profitable ideas all to help you grow
0:13.9	wealthier and wiser. Better investing starts here.
0:17.0	Meck Baber is the co-founder and chief investment officer at Cambria Investment
0:20.7	Management. Due to industry regulations he will not discuss any of Cambry's funds on this podcast.
0:25.1	All opinions expressed by podcast participants are solely their own opinions and do not
0:28.3	reflect the opinion of Cambria Investment Management or its affiliates.
0:31.2	For more information, visit Cambria Investments.com.
0:33.3	Welcome back everybody. We have another episode.
0:43.6	M episode we wrote called the Bear Market and Diversification.
0:48.7	We got to start with a quote from one of our favorite professors, Asw Demodarin and he says investing goes off track when you believe you
0:57.1	are entitled to high returns because you did all the right things.
1:06.9	Let's get started. But first a warning. If you're an investor or even worse a financial advisor and you have a globally
1:10.9	diversified portfolio you may want to stop listening now.
1:15.2	Continuing may just be too painful.
1:18.1	We should form a support group for investors who built low costs,
1:21.5	tax efficient, globally diversified portfolios across stocks,
1:25.2	bonds, real assets. These investors rebounds their portfolios and didn't waver when COVID hit the fan.
1:31.6	And despite all that well researched and thoughtful implementation,
1:36.0	they got steamrolled by the S&P 500.
1:40.0	The following phrases may bring out some PTSD, or maybe a better acronym would be GAA-S-D for Global Asset
	...

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