Meb Faber is the co-founder and chief investment officer of Cambria Investment Management, which runs a suite of ETFs with roughly $5 billion in assets. He joins Phil Rosen on Full Signal to discuss the "bear market in diversification," why US stocks look expensive next to the rest of the world, the global buyback boom, risks of the AI trade, and how he'd build a portfolio from scratch today.
Today's episode is sponsored by Direxion: https://www.direxion.com/product/daily-tsla-bull-and-bear-leveraged-single-stock-etfs
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TIMESTAMPS:
0:00 - Historic bull market
4:28 - Bear market in diversification
7:40 - Opportunities outside the US
9:51 - US stocks look expensive
11:37 - Buyback revolution
17:02 - Value without avoiding tech
20:45 - SpaceX, Anthropic, OpenAI
22:34 - Will AI be a good investment?
27:07 - Building a portfolio from scratch
31:57 - Investing at all-time highs
33:28 - Shareholder yield
39:14 - Follow Meb
#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
