Making Markets
Episode 54 Taxation and Diversification
Making Markets

Episode 54: Taxation and Diversification

Making Markets

Episode 54

Taxation and Diversification

Meb Faber is the Co-Founder and Chief Investment Officer at Cambria. We cover the mechanics and benefits of the 351 exchange, views on various asset classes, and how Cambria combines value investing with trend following.

Show Notes

(00:00:00) Introduction and Overview

(00:00:27) Understanding the 351 Exchange

(00:01:26) Tax Efficiency and Investment Strategies

(00:02:23) Practical Applications and Examples

(00:04:07) Launching and Managing ETFs

(00:05:13) Investor Use Cases and Benefits

(00:09:25) Tax Implications and Compliance

(00:15:03) Future Innovations and Market Trends

(00:27:03) Value and Trend Investing Insights

(00:27:44) Valuation Warnings and Market Trends

(00:28:35) Historical Market Comparisons

(00:30:16) Trend Following Strategies

(00:34:18) Concentration in Major Stocks

(00:38:33) Product Development and Market Cycles

(00:40:33) Fixed Income Market Dynamics

(00:51:39) Private Equity and Public Markets

Taxation and Diversification

Introduction

Eric
My guest today is Meb Faber, the co-founder and CEO of Cambria Investments, an RIA that manages over 2 billion in assets. I mean this in the nicest way: Meb is also one of the biggest investing nerds I know, and today we dive into a wide variety of topics, from taxation to portfolio construction of various asset classes. We start by diving into the 351 exchange, its mechanics and the problems it solves for investors.

Meb then shares his broad view on the market, how Cambria combines value investing with trend and the impact of concentration. We close by talking about fixed income, public and private markets, and a few of his hottest takes. Please enjoy this conversation with Meb Faber.

Meb, thank you for joining us. The topic that got my attention was this idea of 351 exchange and a comment you made is that this year 2024 was all about Bitcoin, ETF and how big something like that was.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincolossus.com