Owen Lamont on Bubble Fever, Index Gripers & Inefficient Markets | #552

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 11 October 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's guest is Owen Lamont, a Portfolio Manager at Acadian Asset Management. He’s been on the faculty at Harvard, Princeton, Yale and the University of Chicago. He also writes the blog, Owenomics. In today's episode, Owen walks through how he analyzes market bubbles and if the U.S. is in a bubble today. He touches on the rise of passive investing, the gamification of trading and why the U.S. stock market is Koreafying. Owen also shares his view on closed-end funds, short-selling, AI and what Seinfeld can teach us about investing. (2:33) The four horsemen of bubbles (9:57) Gamification of investing (18:51) The U.S. Stock Market is Koreafying (26:43) Gangnam Style (30:46) Excitement about AI (33:56) Why 2021 was a bubble (38:08) Closed-end fund premiums (42:12) Investing Mount Rushmore (47:11) China's recent stock performance (50:15) Impact of cultural investment preferences ----- 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 YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial Follow The Idea Farm: Twitter | LinkedIn | Instagram | TikTok ----- 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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1:01.0	To verify most trusted visit air.
1:02.6	Come slash trust.
1:04.6	Welcome back everybody.
1:06.8	We got another awesome show.
1:08.9	Our guest today is Owen Lamont, portfolio manager at Acadian Asset Management. He's also been on the faculty of
1:15.1	Harvard, Princeton, Yale, University of Chicago. He writes the blog
1:18.3	Ohanomics, which is one of my favorite weekly reads. You can subscribe to it for free online and be sure to listen to him
1:25.1	read one of the first pieces on the best investment writing podcast.
1:30.0	Owen's done a lot of research on all sorts of stuff, bubbles, market efficiency, behavioral finance
	...

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