In this episode, Meb Faber, co-founder and CIO of Cambria Investment Management, emphasizes the importance of global diversification, innovative investment strategies, and tax efficiency in today's investing landscape. He challenges the common belief that investing mainly in the S&P 500 is the best approach by examining historical market trends. Faber advocates for a diversified portfolio that can handle market fluctuations. The discussion also covers the rise of new ETFs aimed at improving tax efficiency and the evolving investment management scene. Ultimately, he stresses that, despite the allure of US market dominance, maintaining diversification is essential for long-term financial success.
