Investors / stance tracking
What Mebane Faber is saying
CIO & Co-Founder, Cambria Investment Management
4 dated public stances tracked since 2026-08-24, most recently 2026-08-24. 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 Mebane 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. Mebane 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.
4
tracked stances
4
themes
0
side flips
2026-08-24
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| EMERGING MARKETS EQUITIES | 1 | 1 bullish | 2026-08-24 | |
| GOLD | 1 | 1 bullish | 2026-08-24 | |
| Managed Futures | 1 | 1 bullish | 2026-08-24 | |
| SPX | 1 | 1 bearish | 2026-08-24 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-08-24
SPX
bearish
Meb Faber · video
US CAPE ratio at ~40-43 is near the 1999 peak with dividend yield about to cross below 1%, and there is no historical precedent for a market starting at CAPE 40 delivering above-average 10-year forward returns
“it's the yellow flashing light is valuation trend. If and when it ever does roll over, it becomes the red flashing light”
Ep. 1404: Mebane Faber Interview with Michael Covel on Trend Following Radio
2026-08-24
GOLD
bullish
Meb Faber · video
Most investors make the critical mistake of holding no real assets, leaving portfolios exposed to inflation and missing the right-tail moves that trend following captures in commodities and inflation-linked instruments
“they don't have exposure to what happens if gold goes to 5,000. Oh, wait, that happened”
Ep. 1404: Mebane Faber Interview with Michael Covel on Trend Following Radio
2026-08-24
Managed Futures
bullish
Meb Faber · video
Portfolio optimizers consistently allocate ~50% to trend following due to both crisis alpha (left tail protection in 2008/2022) and capturing unexpected right-tail windfalls in assets most investors have no exposure to
“diversification not only as a survival strategy but as an aggressive strategy because the next windfall might come from a surprising place”
Ep. 1404: Mebane Faber Interview with Michael Covel on Trend Following Radio
2026-08-24
EMERGING MARKETS EQUITIES
bullish
Meb Faber · video
Emerging markets trade at low-teens to single-digit PE ratios, creating the largest valuation gap versus US equities since the 1980s, while representing the majority of global GDP
“a lot of countries trading in low teens... get a few in the single-digit PE ratios and historically that's been an amazing place to go dig around”
Ep. 1404: Mebane Faber Interview with Michael Covel on Trend Following Radio
Idea Scout Weekly
Every Sunday: who said what across the tape we track — 845 voices, 2,419 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.
Free · double opt-in · unsubscribe in one click