The Asset Allocator: Meb Faber - All-Time Highs Are 'Nothing To Be Afraid Of' (Podcast)
by SA For FAsSummary
- ETF manager, author and popular investment blogger Mebane Faber addresses the asset allocation issues of the day. Among our topics in this wide-ranging interview:
- Faber does not look askance at buy-and-hold, just says it’s hard to do, from a behavioral standpoint. Trend-following has its merits, but isn’t easy to implement either.
- All-time stock-market highs are nothing to fear, from a market-history point of view.
- He names country markets that are “downright cheap,” noting that value works because a lot of people just don’t want to own it.
- Low fees is a strategy that works, and becoming rich is not the same thing as staying rich, which often requires a different strategy.
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ETF manager, author and popular investment blogger Mebane Faber covers a wide range of asset-allocation issues from buy-and-hold to global value investing.
In this podcast (20:51), Faber’s sees asset allocation from the standpoint of market history, and insightfully addresses the difference between becoming rich and staying rich.