The Meb Faber Show - Better Investing

In episode 196 we welcome our guest, Minnie Ingersoll. Minnie and Meb start the conversation by getting into venture capital investing and the nature of investing in early startup companies focused on software and data. They get into Minnie’s firm, TenOneTen Ventures and some of what goes into the process of evaluating potential investments.Minnie covers some companies she and her team are particularly excited about. The conversation then shifts to discussing the VC presence and growth in LA.Minnie then moves on to discussing more about the investing process, covering some of the criteria the TenOneTen team think is important to see in founders they are working with, including, the entrepreneur being aligned with the belief that there’s a billion-dollar outcome.All this and more in episode 196, including Minnie’s experience as a co-founder and her most memorable investment. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.You’ll hear from some of the most respected money managers and investment researchers all over the world.Contributors: Jack Vogel, Paul Novell, Mike Philbrick, Rob Arnott, Aswath Damodaran, Corey Hoffstein, Bob Seawright, Wes Gray, Justin J. Carbonneau, Gary Antonacci, Larry Swedroe, Scott Bell, Jack Forehand, Ray Micaletti, Todd Tresidder, Ben Johnson, and Frazer Rice. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 195 is a replay of The Meb Faber Show’s top podcasts of 2019. Guests include Bill Smead, Cam Harvey, and Raoul PalHear Bill Smead discuss his firm’s value investing process, his view of the investing landscape, and his thoughts about millennials being in position to drive the economy in the future.Next, dig into Cam Harvey’s 1986 dissertation, his research on inverted yield curves and what that means for economic growth and various asset classes, and some thoughts on cryptocurrency and blockchain technology.Finally, listen to Raoul Pal and his take on global growth, where he thinks investment opportunity lies, his discussion of “The Doom Loop,” and risks to the global economy.All this and more in our replay of the top podcasts of 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.You’ll hear from some of the most respected money managers and investment researchers all over the world.Enough from me, let’s let Frazer take over this special episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode 194 Meb and Doug kick off the conversation about thinking about a family as a business. Doug discusses the idea that people effectively have two businesses, selling labor in the marketplace, and converting income into financial assets. Doug expands on that by covering the family CFO framework, and that the job of the family CFO is much like a corporate CFO in that they must manage risk and liquidity with the family’s balance sheet. The pair also get into entrepreneurship and thinking about the role entrepreneurship can play in wealth generation.Meb and Doug then get into common mistakes people make, such as underappreciation of a long horizon. They then transition into approaching conversations about wealth with Family, starting with acknowledgement that wealth without management, values, and education can be a liability.As the conversation winds down, Meb and Doug cover some ground about Doug’s day job as a private equity investor and some best practices for private equity allocators.All this and more in episode 194, including Doug’s most memorable investment. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.You’ll hear from some of the most respected money managers and investment researchers all over the world.Enough from me, let’s let Wes take over this special episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode 193 we welcome our guest, Chris Brightman. Meb and Chris start the conversation with an evolution of economic and monetary theory over the past decades, and some detail behind Modern Monetary Theory. Chris then expands on inflation, the idea that high inflation is associated with volatile inflation, as well as some ways to protect from high inflation.The pair then get into Research Affiliates’ forward looking asset class return expectations, including, the expectation of a 3.5% real return for the US stock market before any adjustments to valuations and the reality of low and even negative return prospects from fixed income. Chris talks about emerging markets as a potential bright spot.As the conversation winds down, Chris reveals some ways investors can think about implementing the ideas he discusses in the episode, including the literature that shows investors engage in performance chasing, and they’d be far better off taking a buy-and-hold approach to a diversified set of passive instruments.All this and more in episode 193, including a couple of Chris’s most memorable investments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.You’ll hear from some of the most respected money managers and investment researchers all over the world.Enough from me, let’s let Ben take over this special episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode 192 we welcome our guest, Tim Hayes. Tim and Meb kick off the conversation with an overview of the data driven Ned Davis research process and how the team gains an understanding of what is going on the market.Meb then asks Tim to expand on his current thoughts on the market. Tim covers the potential tactical opportunity in the market and the base case for the US stock market, that it’s in the same secular bull market it’s been in since 2009. He also notes that there is a risk to the bond market and that it’s late in the secular game.The conversation then shifts to discussion about negative yielding bonds. Meb and Tim then touch on the worries Tim is seeing from institutional investors.As the conversation winds down, Tim covers his belief that it is critical to be aware, and constantly watch what relationships are changing in markets to gauge what is relevant.All this and more in episode 192. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.You’ll hear from some of the most respected money managers and investment researchers all over the world.Enough from me, let’s let Todd take over this special episode. Learn more about your ad choices. Visit megaphone.fm/adchoices