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Investors / stance tracking

What Meb Faber is saying

Co-founder & CIO, Cambria

69 dated public stances tracked since 2016-08-02, most recently 2026-02-28. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Meb Faber's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Meb Faber is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

Think we got something wrong? Report a misattribution — we correct it or take it down.

69
tracked stances
40
themes
1
side flips
2026-02-28
last heard
Returns  90d +4.5% (n=35) · 180d +8.3% (n=35) · 1y +15.3% (n=24)

Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.

View flips

Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.

CASH — bearish2022-04-26 → bullish2025-11-12

Most-argued themes

ThemeStancesLeanMixLast
International Dev55 bullish2026-02-28
SPX53 bearish / 2 neutral2025-11-12
Em Equities44 bullish2026-02-28
Managed Futures44 bullish2025-11-12
SYLD44 bullish2025-09-20
Commodities Broad33 bullish2025-11-12

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-02-28 US SMALL AND MID CAP VALUE STOCKS bullish Meb Faber · video
Small/mid caps have underperformed the S&P by a wide margin for 15 years and now trade at P/E ~10 vs S&P CAPE of 40—a historically extreme spread that resolved in 150%+ outperformance during the 2000-2003 analog period
“we think there's going to be a return to value, a lot of opportunities for smaller mid, but also value companies”
The Markets Being Overlooked While the S&P Gets All the Attention | Meb Faber
2026-02-28 US SHAREHOLDER YIELD STOCKS (HIGH NET BUYBACK + DIVIDEND YIELD, VALUE-SCREENED) bullish Meb Faber · video
Many US non-tech companies run 5–10% shareholder yield via net buybacks rather than dividends, making the yield invisible on standard screens; buying these at cheap valuations is accretive and systematically overlooked by dividend-only investors
“companies particularly in the US that have a 5, 10% shareholder yield, it's just hidden”
The Markets Being Overlooked While the S&P Gets All the Attention | Meb Faber
2026-02-28 International Dev bullish Meb Faber · video
44 investable countries trade at CAPE in the low teens vs US CAPE of 40—roughly one-third the US valuation—and deep value ex-US stocks returned 50%+ last year while still sitting at that discount; historical global diversification into cheap-CAPE country…
“deep value stocks outside the US printed a 50% plus year last year...still trade at a third the valuation of the US”
90d +4.5% · 180d +7.3%
The Markets Being Overlooked While the S&P Gets All the Attention | Meb Faber
2026-02-28 Big Tech bearish Meb Faber · video
Mega-cap US tech is expensive on valuation AND generates near-zero net shareholder yield because heavy share issuance offsets buybacks, failing both screens Cambria uses to find value
“we're not owning the tech companies in the US for two reasons”
The Markets Being Overlooked While the S&P Gets All the Attention | Meb Faber
2026-02-28 Em Equities owns Meb Faber · video
EM tech companies offer comparable sector exposure to US tech at substantially lower valuations, passing the shareholder yield and cheapness screens that US mega-cap tech fails
“in our emerging market fund, tech is actually one of the largest allocations...the stocks are a lot cheaper”
90d +11.6% · 180d +10.5%
The Markets Being Overlooked While the S&P Gets All the Attention | Meb Faber
2025-11-27 DEEP VALUE INTERNATIONAL STOCKS bullish Meb Faber · video
Deeply discounted foreign value stocks are quietly compounding with zero crowding or sentiment froth — Faber's own strategy is up 50% YTD and has already overtaken the S&P over 1-, 3-, and 5-year horizons
“no one's clamoring for this — and that's actually outperforming the S&P over the last 1, 3, and 5 years”
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 Big Tech bearish Meb Faber · video
US mega-cap AI and tech names are trading at extreme multiples in a pattern resembling the late 1990s, when no top-10 tech company outperformed the market over the subsequent 15 years — Microsoft took 18 years to recover to outperformance
“I think a lot of the big ones are getting pretty pricey — buyer beware in the public markets”
90d +0.3% · 180d -18.2%
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 International Dev bullish Meb Faber · video
Foreign developed market valuations (CAPE in the teens) are at a historically extreme discount to US stocks (CAPE ~40), a gap Faber calls Grand Canyon-wide that historically precedes a sustained decade of foreign outperformance
“you could have 10 years of foreign stock outperformance”
90d +14.4% · 180d +17.1%
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 Em Equities bullish Meb Faber · video
EM valuations at ~12x CAPE — roughly a third to a quarter of the US multiple — represent the cheapest bucket in the investable universe and most US investors hold zero allocation despite outperformance already starting
“the cheapest bucket is down around 12 — so a third or a quarter almost of the US”
90d +18.2% · 180d +27.7%
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 US SMALL AND MID-CAP STOCKS bullish Meb Faber · video
Small and mid-caps have chronically underperformed cap-weight, leaving a wide valuation spread that Faber expects to close over many years as capital rotates away from mega-cap concentration
“huge opportunity there that I think could last many years and many dozens of percentage points outperformance”
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 US SHAREHOLDER YIELD / VALUE STOCKS bullish Meb Faber · video
Shareholder yield and value strategies within US equities exploit a historically extreme valuation gap vs the cap-weighted index and should outperform as the low-return large-cap environment persists
“shareholder yield — value within the US is Grand Canyon widespread versus the market cap weight”
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-27 long T / short USTS pair Meb Faber · video
Corporate and junk bond spreads are near 30-year lows relative to T-bills, meaning investors are not being compensated for credit risk and should park in T-bills until spreads widen to historically normal levels
“you're not getting paid to take on the risk in fixed income land”
Meb Faber: Everyone Reacts to Volatility...But Smart Investors Do THIS
2025-11-12 Managed Futures bullish Meb Faber · video
Trend following is the premier diversifier to a traditional stock/bond portfolio because it tends to perform well during macro dislocations when buy-and-hold suffers, and a yin-yang combination of the two produces superior risk-adjusted outcomes
“there's no more premier diversifier to that traditional portfolio than trend following”
90d +10.0% · 180d +12.2%
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-11-12 SPX bearish Meb Faber · video
US equities at a CAPE ratio of 40 — the second highest ever — have historically produced roughly zero real returns over the subsequent 10 years with a zero batting average, making current expected returns unattractive
“not once ever that we can find has a country end the year at 40 and the future 10 years been above average”
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-11-12 Commodities Broad bullish Meb Faber · video
Most US investors have very little real asset exposure in their portfolios, making REITs, TIPS, and commodities a diversifying addition that improves portfolio resilience
“most US investors often have very little real assets — things like REITs, real estate, TIPS, commodities and commodity equities”
90d +8.3% · 180d +39.3%
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-11-12 351 ETF EXCHANGE / TAX-DEFERRED DIVERSIFICATION OUT OF CONCENTRATED POSITIONS bullish Meb Faber · video
Investors holding highly appreciated concentrated stock positions (e.g. Nvidia) can use IRS Section 351 to contribute shares into a diversified ETF without triggering a taxable event, deferring gains while achieving diversification — a structurally…
“we think it's one of the most interesting developments in the investing space as far as products in the past 20 years”
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-11-12 GVAL bullish Meb Faber · video
Foreign value stocks in countries with CAPE ratios near 10 (Singapore, Turkey, Poland, Brazil, Colombia) are trading at a Grand Canyon-wide discount to US equities at CAPE 40, and have quietly begun outperforming the S&P 500 over 1, 3, and 5-year periods with…
“foreign value stocks have started to outperform... GVO is now outperforming the S&P over the last one, three, and last 5 years”
90d +15.4% · 180d +15.5%
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-11-12 CASH bullish Meb Faber · video
Screening for high net shareholder yield (dividends plus net buybacks) identifies high-quality, high-cash-flow companies that avoid serial share issuers and expensive tech, producing better long-term returns especially in sideways or down markets
“screening historically for stocks the past 100 years, you end up with much better companies, high cash flow companies”
90d +0.9% · 180d +1.8%
Meb Faber interview on trend, global value, shareholder yield, and 351 exchanges
2025-09-20 GVOW bullish Meb Faber · video
A Grand Canyon-wide valuation gap between deeply cheap global value stocks and expensive US market-cap-weight equities sets up for multi-decade outperformance, with the spread so extreme it only needs to partially mean-revert to deliver outsized returns
“you could set yourself up for amazing returns for not just a quarter or year but a decade or more”
Are Buybacks Better Than Dividends? | Meb Faber Interview
2025-09-20 SYLD bullish Meb Faber · video
Screening for high shareholder yield (dividends + net buybacks) combined with cheap valuations and quality filters selects stocks trading at single-digit PEs vs. the S&P's near-40 CAPE, historically outperforming the market by ~1-2% annually
“the average stock going into our funds has a double-digit shareholder yield”
90d +2.5% · 180d +7.4%
Are Buybacks Better Than Dividends? | Meb Faber Interview
2025-09-20 FYLD bullish Meb Faber · video
Foreign developed markets offer far higher dividend yields and much cheaper valuations than the US, and the shareholder yield screen captures stocks at roughly 50/50 dividends vs. buybacks, producing superior risk-adjusted income with the fund up 20-30% in…
“foreign and emerging is a great place to look”
90d +4.1% · 180d +19.5%
Are Buybacks Better Than Dividends? | Meb Faber Interview
2025-09-20 SPX bearish Meb Faber · video
US equities are near historical valuation extremes (10-year CAPE ~40, S&P yield at record-low 1.2%), and the 15-year run of 15%/year annualized returns matches only three prior bubble eras, making outsized forward returns very unlikely
“do not expect 15% returns going forward”
Are Buybacks Better Than Dividends? | Meb Faber Interview
2025-05-06 SYLD owns Meb Faber · video
US companies in consumer discretionary, financials, materials, industrials, and energy are returning double-digit aggregate yields via buybacks and dividends while trading at cheap valuations relative to the expensive tech-heavy market-cap-weighted index.
“the average stock coming into the portfolio has a double-digit yield — let that sink in”
90d +6.6% · 180d +11.5% · 1y +32.3%
How Meb Faber Is Positioning His Portfolio for 2025 | In the Money with Amber Kanwar
2025-05-06 GVAL bullish Meb Faber · video
The cheapest third of global stock markets trade near a PE of 10 and have been long-forgotten by US investors, creating conditions for a multi-year catch-up as flows follow performance and the US dollar relative advantage narrows.
“markets can kind of turn on a dime and all of a sudden you blink and it's outperforming US stocks by 30 percentage points”
90d +8.3% · 180d +18.6% · 1y +42.9%
How Meb Faber Is Positioning His Portfolio for 2025 | In the Money with Amber Kanwar
2025-05-06 TRTY owns Meb Faber · video
Combining 50% trend-following with 50% global buy-and-hold creates a portfolio that reduces drawdown in crises while capturing the eventual recovery, producing lower volatility than equities alone.
“I basically put all my public assets into Trinity Styles”
90d +4.5% · 180d +11.2% · 1y +26.2%
How Meb Faber Is Positioning His Portfolio for 2025 | In the Money with Amber Kanwar
2025-05-06 BANKS bullish Meb Faber · video
European banks have quietly outperformed the Mag 7 over the last three years and remain under the radar of US investors, suggesting continued relative strength before a consensus shift arrives.
“European banks outperforming the MAG 7 over the last 3 years — so there's some of these forces at work”
90d +9.1% · 180d +11.4% · 1y +28.4%
How Meb Faber Is Positioning His Portfolio for 2025 | In the Money with Amber Kanwar
2025-05-06 long T / short USTS pair Meb Faber · video
Risky credit (corporate, junk, EM debt) offers historically narrow yield spreads over T-bills and provides no margin of safety, making it rational to hold T-bills and wait for spreads to widen before taking on credit risk.
“does it make sense to invest in these risky bonds when they have a below average yield spread to T-bills? The answer is no”
How Meb Faber Is Positioning His Portfolio for 2025 | In the Money with Amber Kanwar
2025-04-17 GVAL bullish Meb Faber · video
Cheapest countries globally (including Colombia and Poland) trade at single-digit Shiller CAPEs while the US hit its highest-ever valuation in Q4 2024, and the spread already drove ~20 percentage points of Q1 outperformance for cheap-country baskets versus…
“a basket of the cheapest countries including Colombia including Poland outperformed the S&P by 20 percentage points”
90d +13.6% · 180d +19.8% · 1y +53.0%
Hedgeye Investing Summit Spring 2025 | Meb Faber, co-founder & CIO of Cambria IM
2025-04-17 long VALUE AND MOMENTUM STOCK BASKET (~100 NAMES, CHEAP STOCKS IN UPTRENDS) / short SPX hedge Meb Faber · video
In an expensive US market now in a declining trend, owning cheap high-momentum stocks while hedging with S&P futures captures value-rotation upside while neutralizing market beta, with the hedge dialed to maximum given the current regime
“currently is 100% hedged”
Hedgeye Investing Summit Spring 2025 | Meb Faber, co-founder & CIO of Cambria IM
2024-11-22 USTS bullish Meb Faber · video
Corporate and other risky bond spreads over T-bills are near 30-year lows, meaning investors are not being compensated for default/duration risk; holding T-bills until spreads blow out is the historically superior risk-adjusted approach
“none of these markets have any measurable yield...the juice is not worth the squeeze”
90d +0.5% · 180d +1.4% · 1y +8.0%
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 ENERGY bullish Meb Faber · video
Energy has fallen from ~33% of S&P 500 to roughly 2-3%, sits at low valuations, and exhibits high shareholder yield, making it a historically cheap contrarian sector with mean-reversion potential
“energy bottomed a few years ago at like 2% of the S&P 500...still has really high shareholder yield, low valuations”
90d -3.7% · 180d -14.3% · 1y -5.3%
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 SPX neutral Meb Faber · video
US large-cap is historically expensive at ~38x CAPE but trend remains up, so a short call is premature; expensive uptrends only become painful when they roll into expensive downtrends
“when you move from an expensive uptrend to an expensive downtrend, that's where the pain usually comes”
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 SYLD bullish Meb Faber · video
Traditional dividend funds ignore buybacks, which now exceed cash dividends; incorporating net buybacks and penalizing share issuance produces superior returns versus all dividend funds in Morningstar's database
“if you reran this study do you know how many funds that SYLD would have outperformed? The answer was all of them”
90d -7.7% · 180d -14.9% · 1y -8.2%
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 Em Equities bullish Meb Faber · video
Foreign and emerging markets trade at significantly cheaper valuations than US large-cap, and historical mean-reversion across 150 years of data supports global diversification outperforming any single-country concentration
“we think is one of the biggest opportunities we've ever seen for value, not just within the US but in foreign and emerging”
90d +5.8% · 180d +8.5% · 1y +27.3%
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 SMALL-CAP VALUE STOCKS bullish Meb Faber · video
Small-cap value sits at or near zero-percentile historical valuations, making it one of the most extreme cheap readings ever recorded, while being largely ignored by investors
“small value particularly looks really exciting...it's as cheap as you get”
Meb Faber: A Better Approach To Dividend Investing
2024-11-22 VIG bearish Meb Faber · video
Despite its dividend branding, VIG's actual portfolio carries valuations worse than the S&P 500, meaning investors are buying expensive growth masquerading as income with no valuation margin of safety
“you'd be shocked...this is like buying the S&P but with even worse valuations — why would anyone do that”
90d -1.3% · 180d +2.5% · 1y -9.1%
Meb Faber: A Better Approach To Dividend Investing
2024-09-16 EMERGING MARKETS EQUITIES bullish Meb Faber · video
Emerging markets trade at single-digit P/E ratios with mid-single-digit dividend yields plus buyback yields totaling ~10% shareholder yield after years of underperformance and investor neglect
“you can get single digit PE ratio, mid single-digit dividend yields, buyback yields on top of that”
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 US LARGE-CAP TECH / MARKET-CAP-WEIGHTED INDEX bearish Meb Faber · video
US market-cap-weighted indexes are historically expensive and highly concentrated in a few names with no fundamental tether, suggesting below-average future returns relative to alternatives
“the US isn't always the world's largest stock market... when things get really expensive these can last a decade or more”
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 US REITS neutral Meb Faber · video
US REIT valuations on average are not cheap, making them less attractive than other available investment opportunities
“there's better investing opportunities out there if you're looking to put money to work than REITs”
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 Managed Futures bullish Meb Faber · video
Trend-following strategies diversify a buy-and-hold portfolio by typically performing well during major drawdowns when traditional assets suffer, providing both statistical and psychological diversification
“trend following usually does great during those periods”
90d -2.5% · 180d -5.6% · 1y +1.9%
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 GOLD bullish Meb Faber · video
Gold is in an all-time high uptrend with low retail sentiment, and historically performs well in negative real rate and inverted yield curve environments
“gold hitting all-time high is a great sign... we're very positive right now”
90d +2.6% · 180d +16.0% · 1y +42.3%
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 SMALL-CAP AND MID-CAP VALUE EQUITIES bullish Meb Faber · video
Small- and mid-cap value stocks trade at compelling valuations relative to large-cap growth and historically outperform in sideways or down markets and over multi-year horizons
“the better part of the next few years, next decade could be exciting”
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-09-16 International Dev bullish Meb Faber · video
Global REITs offer more attractive valuations than US REITs, which on aggregate are not cheap relative to other opportunities
“global REITs to me look a little more interesting than American ones do”
90d -2.0% · 180d +4.4% · 1y +20.8%
Investing at All-Time Highs Is a 'Great Idea': Here’s What It Means For Gold & Stocks - Meb Faber
2024-05-11 long T / short USTS pair Meb Faber · video
T-bill yields near 5% make riskier fixed income (corporate, high yield, EM bonds) unattractive because credit spreads are near zero or negative, offering no compensation for additional credit and duration risk — historically you buy risky bonds when spreads…
“t-bills are giving you 5%... corporate bonds or junk bonds or emerging Market bonds yielding 5% or less it seems crazy to me to invest and take on these risks”
Meb Faber and Rafael Resendes | PNL For a Purpose
2023-09-29 International Dev bullish Meb Faber · video
US stocks have compounded ~12% annually for 15 years and are expensive on a 10-year CAPE basis, while foreign stocks trade at a deep discount and have been ignored since the GFC — a reversal that historically persists for multiple years once it begins
“foreign stocks have been largely swept away to the Dustbin of most investors”
90d +9.8% · 180d +14.8% · 1y +24.8%
Meb Faber on yield, long-term returns, and more | The Morning Show
2023-09-29 SYLD bullish Meb Faber · video
US value stocks with buybacks and dividends trade at single-digit PEs in sectors like financials, energy, and materials, representing one of the best historical entry points for the value trade; SYLD overlays a quantitative momentum screen on that value filter
“we think it's one of the best times in history to do value-based trade”
90d +10.1% · 180d +18.7% · 1y +19.2%
Meb Faber on yield, long-term returns, and more | The Morning Show
2023-05-19 EMERGING MARKETS VALUE EQUITIES bullish The Business Brew · video
EM trades at P/E ratios of 5 with dividend yields of 6–7%, offering structural deep value; Faber names it his 10-year 'desert island' strategy because cheap starting valuations provide survivability against a wide range of macro outcomes
“PE ratios of five, these amazing discounts — it's really cheap stuff”
Meb Faber Returns! - To Discuss Global Investing, ETFs, and More
2023-05-19 Japan Equities bullish The Business Brew · video
Japan at ~19x PE is reasonably valued after decades of stagnation, and a government-driven corporate governance reform is accelerating buybacks alongside dividends, giving quantitative shareholder-yield screens their highest opportunity set there
“Japan is a perfect example — we're seeing a ton of companies doing a lot more buybacks than dividends”
90d -2.3% · 180d +1.0% · 1y +15.9%
Meb Faber Returns! - To Discuss Global Investing, ETFs, and More
2023-05-19 US VALUE / SHAREHOLDER YIELD EQUITIES bullish The Business Brew · video
US value stocks offer a significant opportunity relative to the US market-cap-weighted index because they trade at a large discount and incorporate both dividends and net buybacks, capturing the full shareholder yield that pure dividend screens miss
“The value trade in the US is one of the biggest opportunities as well”
Meb Faber Returns! - To Discuss Global Investing, ETFs, and More
2022-04-26 FARMLAND bullish Meb Faber · video
Farmland is a historically proven real asset that directly benefits from commodity inflation (wheat and corn near $10, copper at $5, oil at $100+) at a time when 8% CPI makes real returns on cash and bonds deeply negative
“historically an amazing asset class”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 Managed Futures bullish Meb Faber · video
Trend following (200-day or 10-month moving average) filters out catastrophic 40–90% drawdowns that buy-and-hold suffers during inflation, rate shocks, and bear markets, and is delivering exceptional returns in 2022 precisely when traditional portfolios are…
“trend falling's having an amazing amazing year”
90d +3.3% · 180d +12.4% · 1y -7.9%
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 CASH bearish Meb Faber · video
On an inflation-adjusted basis a global buy-and-hold portfolio historically has lower drawdowns and volatility than T-bills while yielding roughly 200bps more, making it a superior store of value during periods of financial repression when cash loses 5% per…
“i essentially have no cash other than just day-to-day operating expenses”
90d +0.1% · 180d +0.7% · 1y +2.8%
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 NON-US INTERNATIONAL EQUITIES bullish Meb Faber · video
US home country bias drives investors to concentrate 95%+ in expensive US equities, while the global market portfolio is roughly half non-US stocks; diversifying into foreign equities corrects a dangerous structural overweight in overvalued assets
“do you think it was a good idea you put 95 of your money in russian stocks — well probably not”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 Commodities Broad bullish Meb Faber · video
At 8% CPI and deeply negative real rates, real assets provide inflation protection that neither stocks nor bonds can deliver; Meb holds a larger real-asset allocation than almost any investor he knows of
90d -7.2% · 180d -8.7% · 1y -14.1%
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 PAKISTAN EQUITIES / FRONTIER MARKETS bullish Meb Faber · video
Pakistan may be the cheapest country in the world on a valuation basis when including frontier markets, offering an extreme-value entry into a market ignored by most global allocators
“pakistan might be the cheapest country in the world if you include frontier markets”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 VALUE STOCKS (GLOBAL) owns Meb Faber · video
Value is one of Meb's two core equity tilts; cheap markets in an uptrend historically deliver the best returns, and value is outperforming in 2022 after a long underperformance period that made valuations more attractive
“we have one foot firmly in the value camp”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 TAIL RISK HEDGING owns Meb Faber · video
Added explicit tail risk exposure to hedge expensive US equity valuations and the four-year presidential cycle pointing to the worst six-month window beginning May 2022, protecting the rest of the portfolio if a major drawdown materializes
“i added in a sprinkling of tail risk because i think personally the u.s stock market is overvalued”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 ANGEL INVESTING / STARTUP PRIVATE EQUITY bullish Meb Faber · video
Power-law dynamics mean a handful of massive winners (100x–1000x) drive all returns in a diversified startup portfolio, and the natural illiquidity prevents panic-selling that destroys public-market compounding
“the beauty of private markets is you can't sell them — that to me is a good thing”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 SPX bearish Meb Faber · video
US equities sit at historically extreme valuations (high CAPE) projecting near-zero real returns for the next decade, and are entering a downtrend — historically the worst combination — making the index structurally vulnerable
“we're projecting on the market cap weighted basis to be a bagel for the next decade — zero returns real”
90d +4.5% · 180d +8.2% · 1y +1.2%
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money
2022-04-26 AFRICA AND LATIN AMERICA EQUITIES / EMERGING-FRONTIER MARKETS bullish Meb Faber · video
African and Latin American stock markets are 'stinking cheap' while startup ecosystems in those regions are demonstrating real M&A traction, signaling a bottom-up recovery that will eventually be reflected in public valuations
“a lot of those stock markets are stinking cheap”
Show Us Your Portfolio: Meb Faber | How the Cambria Founder Manages His Own Money

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