UBS' Jason Draho - Another Roaring '20s for the US? | #538

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 21 June 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s guest is Jason Draho, Head of Asset Allocation Americas for UBS Global Wealth Management. He’s also the Chair of the US Investment Strategy Committee. In today’s episode, Jason talks about the possibility of a Roaring 20’s decade for the US economy. He discusses the factors contributing to this scenario, including a possible capex boom, AI, the green energy transition and security & deglobalization. He also covers the role of bonds in the new macro regime, the impact of inflation and growth on stocks and bonds, and his take on the deglobalization narrative. (1:40) Welcome to Jason Draho (2:09) The resilience of the US economy (3:08) Misinterpreting economic signals (4:07) Household financial health post-pandemic (6:29) Positive demand shock and investment trends (14:11) US growth projections (23:26) Asset allocation strategies (39:04) Gold and real estate markets ----- 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 ----- Sponsor: Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. 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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0:00.0	Welcome to the Medfavor Show where the focus is on helping you grow and preserve your wealth.
0:06.6	Join us as we discuss the craft of investing and uncover new and profitable ideas,
0:10.9	all to help you grow wealthier and wiser. Better investing starts here.
0:15.3	Meff Baber is the co-founder and chief investment officer at Cambria Investment Management.
0:18.2	Didn't industry regulations, he will not discuss any of Cambra's funds on this podcast.
0:21.5	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:25.3	Cambria Investment Management or its affiliates. For more information,
0:27.9	visit Cambria Investments.com.
0:30.6	American Farmland is disappearing at an alarming rate.
0:34.0	According to the USDA, the US has lost four acres of farmland per minute since 2000.
0:39.6	That's a landmass larger than the state of Florida,
0:42.1	lost a real estate development and
0:44.1	soil burnout. All the while the demand for food, especially healthy organic food,
0:48.6	continues to rise as much as 13% annually in recent years.
0:53.5	Farmland LP is one of the largest investment funds in the US focused on the organic
0:58.4	market, is ideally suited to take advantage of the dwindling supply of farmland and the rapidly increasing demand for food.
1:05.9	Its strategy focuses on converting conventional farmland to USDA certified organic regenerative farmland.
1:11.9	They have a portfolio of more than 16,000 organic
1:15.0	and sustainably farmed acres and a 15-year track record of success. Their goal
1:19.8	is simple to produce attractive returns for investors while benefiting the environment.
1:24.6	In today's world of high inflation, volatile markets, and uncertainty, consider joining investors
1:29.2	including large institutional investors
	...

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