Rob Arnott, Research Affiliates - Modern Monetary Theory Does Not Work | #313

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 19 May 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 313, we welcome our guest, Rob Arnott, founder and Chairman of Research Affiliates. In today’s episode, we start with the U.S. stock market and why today’s valuations meet Rob’s definition of a bubble. Rob debunks commonly discussed reasons for why stock valuations should be so high and explains why he doesn’t agree with MMT. Then we touch on value stocks and Rob’s recent piece on the lofty valuations for electric vehicles stocks. As we wind down, hear why Rob is bullish on emerging markets value, and what his new trade of the decade is – UK value stocks. Please enjoy this episode with Research Affiliates’ Rob Arnott. 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.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	What's up y'all? We got a fantastic show for you today. Our returning guests, one of my favorites is the founder, chairman of research affiliates.
0:49.0	And today's show, we start with the U.S. stock market and why today's valuations meet our guest definition of a bubble
0:56.2	Our guest debunks commonly discuss reasons for why stock valuations should be so high and then explains why he doesn't agree with MMT. Then we touch on
1:04.8	value stocks and our guest recent piece on the lofty valuations for electric
1:09.1	vehicle companies. As we wind down here where our guest is bullish on emerging markets value and what his new trade of the decade is.
1:18.0	It is... You gotta listen.
1:20.0	American Farmland is disappearing at an alarming rate.
1:24.3	According to the USDA, the US has lost four acres of farmland per minute since 2000.
1:29.8	That's a landmass larger than the state of Florida,
1:32.4	lost a real estate development and
1:34.4	soil burnout.
1:35.8	All the while the demand for food, especially healthy, organic food, continues to rise as
1:40.2	much as 13% annually in recent years.
	...

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