The Meb Faber Show

In episode 339, we welcome our guest, George Davis, CEO and Portfolio Manager for Hotchkis & Wiley, a global investment manager serving institutional and individual investors.     In today’s episode, we’re talking long term value investing. We start with George’s investment philosophy and then walk through how he views the market today, seeing value in both financials and energy stocks. We talk about what it’s been like to invest for over 33 years, the lessons he’s learned along the way, and what attributes make a great investor.     As we wind down, George talks a little about the business side of asset management and what it’s been like leading a firm that’s been around for over four decades.     Please enjoy this episode with Hotchkis & Wiley’s George Davis.     -----   To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here   -----     This episode is sponsored by Master

In episode 338, we welcome our guest, Will Matthews, the founder and CEO of Fellow, a company that’s rethinking the future of men’s fertility and runs the largest semen analysis lab in the U.S.      In today’s episode, we’re covering the topic that men like to shy away from – sperm health! We start by discussing the decline in fertility rates in the West and the possible reasons why – stress, obesity, and chemical exposure. Then Will shares what it was like to create the first clinic grade direct-to-consumer semen analysis kit so you can avoid that awkward doctor’s visit.       As we wind down, Will shares his vision of creating a flywheel effect, using test data to conduct research and in turn use that research to fine-tune their test kits.      As a special offer for listeners of the show, visit meetfellow.com and use the code MEB to get $20 off your order.      Please enjoy this episode with Fellow’s Will Matthews.        -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click

In episode 337, we welcome our guest, Professor Richard Thaler, the co-founder of Fuller & Thaler, Professor at the University of Chicago, and author of multiple best-selling books, including his release this week, Nudge: The Final Edition.     In today’s episode, we’re talking nudges! We talk about all the ways choice architecture and nudges affect financial services – including how we save for retirement, pay our taxes, and choose an insurance plan. We cover some fintech companies using his ideas to help consumers have better outcomes, and then cover some companies that are nudging consumers in the wrong direction.     As we wind down, Professor Thaler shares the concept of sludge and how it applies to things like cancelling subscriptions or registering for the new child income credit payments.     Please enjoy this episode with University of Chicago Professor Richard Thaler.     -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our products and fo

In episode 336, we welcome our guest, Hugh Thomas, founder of Ugly Drinks, a beverage company that makes drinks with no sugar, no sweetener, and no calories and is trying to expose the ugly truth about big beverage.      In today’s episode, we hear how Hugh fell in love with the beverage industry so much that he started a company to provide people with a healthy drink at an affordable price. What started with him walking around London to sell drinks one store at a time has now reached over 15,000 stores around the globe! Hugh shares the story of the brand and marketing with the ‘ugly’ name, why there’s such a need for a healthy drink in the market, and what it was like to embrace direct-to-consumer during COVID.      As a special offer for listeners of the show, visit uglydrinks.com and use the code UGLYMEB to get 20% off your order.      Please enjoy this episode with Ugly Drinks’ Hugh Thomas.         -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more abou

In episode 335, we welcome our guest, Thomas Eiden, founder of Atomic Alchemy, a company dedicated to producing radioisotopes used in nuclear medicine.     In today’s episode, we’re going nuclear! Thomas is undertaking the audacious goal of building a nuclear reactor, something that takes almost a decade and roughly 100 million dollars. We start with what sparked his interest in nuclear energy and what gave him the nudge to apply to Y Combinator and raise seed capital with just a business plan. We take some time to dispel myths around why nuclear energy is dangerous and then pivot to talk about the uses in the medical field, whether it’s with MRI’s or trying to fight cancer.      Please enjoy this episode with Atomic Alchemy’s Thomas Eiden.        -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our products and follow us, subscribe to our mailing list or visit us at cambriainvestments.com.     -----     Today’s episode is sponsored by The Idea Far

In episode 334, we welcome our guest, Peter Johnson, a partner at Jump Capital, where he leads Jump’s investments in the FinTech, crypto, and blockchain sectors.      In today’s episode, we’re talking all things fintech. Peter shares a bunch of his investments, including his first ever investment in Personal Capital, which was acquired in a billion dollar deal. We also talk about the fractionalization of assets and Peter’s investment in former podcast guest Carter Malloy and AcreTrader.      As we wind down, we get into our Peter’s entrance in the crypto space and discuss both the potential for the Bitcoin ETF and their Y Combinator for DeFi.      Please enjoy this episode with Jump Capital’s Peter Johnson.            -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, visit mebfaber.com/podcast To learn more about our products and follow us, subscribe to our mailing list or visit us at cambriainvestments.com.     -----     This episode is sponsored by AcreTrader. AcreTrader is an

In episode 333, we welcome our guest, Rob Forster, co-founder of Wonderbird Spirits, Mississippi's first grain-to-glass gin distillery.      In today’s episode, we hear how Rob stopped practicing law and decided to open up a distillery to create two gold-medal winning gins. Rob shares what it was like to get the company off the ground and then dives into the process of distilling the alcohol from start to finish. We talk about the regulatory differences to sell directly to restaurants and sell DTC in 37 states, and why the little things like choosing what bottle to use makes a huge difference.     As we wind down, we hear about Wonderbird Spirits’ current fundraising experience and what the future holds for the company.      Please enjoy this episode with Wonderbird Spirits’ Robert Forster.       -----      Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our products and follow us, subscribe to our mailing list or visit us at cambriainvestments.com.     ---

Episode 332 is a Mebisode. In this episode, you’ll hear Meb talk about his journey investing in over 250 private companies since 2014. He explains why he chose to do so and his framework around sizing, timing, and diversification. Finally, he shares his advice on how to craft a plan if you want to get started yourself.      Click here to read Meb’s piece     -----     Follow Meb on Twitter at @MebFaber     -----     Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, an excel quant backtester and the entire research library.

In episode 331, we welcome back our guest, Phil Nadel, co-founder of Forefront Venture Partners, one of the largest and most successful syndicates on AngelList.    Click here to listen to Phil’s first episode on The Meb Faber Show.    In today’s episode, we start with an update since Phil first appeared on the show more than three years ago. We touch on some of Phil’s portfolio companies, including names you’ve heard from directly on this podcast like Grove Collaborative, Ten Spot, PartySlate and Remoov. After learning about Phil’s role on Gimlet’s podcast “The Pitch,” we hear why he chose to launch a rolling fund and the benefits a rolling fund provides to both founders and investors.   Please enjoy this episode with Forefront Venture Partners’ Phil Nadel.      -----   Follow Meb on Twitter at @MebFaber   -----   Today’s episode is sponsored by NordVPN. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a single V

In episode 330, we welcome our guest, Guillermo Cornejo, founder and CEO of Riders Share, the first & largest motorcycle peer-to-peer rentals platform in the United States.   In today’s episode, we hear why peer to peer rentals for motorcycles works even better than for cars! Guillermo walks us through what it’s been like to build out the marketplace and get both supply and demand. Throughout the entire conversation, he focuses on the importance of risk management, whether it’s through insurance, verifying renters have motorcycle licenses, or avoiding theft of the bikes.    As we wind down, we hear what the future of the company looks like as Guillermo considers expanding to Europe.    Please enjoy this episode with Riders Share’s Guillermo Cornejo.     -----   Follow Meb on Twitter at @MebFaber   -----   Today’s episode is sponsored by NordVPN. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a single VPN server

In episode 329, we welcome our guest, Samantha McLemore founder of Patient Capital Management and a Co-Portfolio Manager at Miller Value Partners.     In today’s episode, Samantha shares how sending her resume to someone by the name of Bill Miller led to her starting as an analyst under Bill 20 years ago. We hear how the firm defines value and thinks about its edge in the investment process. Then Samantha walks us through some names in her portfolio and the thesis behind them, including ADT, Stitch Fix, GM, and even some SPACs.     As we wind down, we go back in time and have Samantha walk through what was going through her mind as she navigated 2020 and the lessons learned from that experience.      Please enjoy this episode with Patient Capital Management and Miller Value Partners’ Samantha McLemore.     -----   Follow Meb on Twitter at @MebFaber   -----   This episode is sponsored by Masterworks. Masterworks is opening the doors to top-tier, blue-chip art investments to everyone. Use Promo Code “MEB” to sk

In episode 328, we welcome our guest, Katie Echevarria Rosen Kitchens, co-founder of FabFitFun, a lifestyle membership that provides a curated selection of full-size products each season.    As a special offer for listeners of the show, visit fabfitfun.com and use the code “MEB” to get $10 off your first box.   In today’s episode, we hear about one of the most successful startups to come out of L.A.! Katie shares the origin story of how this media company transformed into a subscription service that now has 2 million members. She walks through the process of curating boxes for women of all ages throughout the entire country and what led them to use influencers before influencers were a thing.   As we wind down, we hear what’s in store for the future of the company as they build out an e-commerce offering.     -----   Follow Meb on Twitter at @MebFaber   -----   This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income,

In episode 327, we welcome our guest, Mario Gabelli, Chairman and Chief Executive Officer of GAMCO Investors, the firm he founded in 1977.   In today’s episode, we hear the framework behind one of the best stock pickers over the last 50 years. Mario walks us through what he thinks about when analyzing both industries and companies. He touches on the impact of fiscal and monetary stimulus, labor costs, and supply chains.   Then we walk through some different industries – media, autos, energy, and yes, I even got him to talk about my favorite – farmland and agriculture.    As we wind down, we hear about Mario’s recent focus on PPP – people, profits, planet, and why he chose to launch an actively managed ETF.   Please enjoy this episode with GAMCO Investor’s Mario Gabelli.   -----   Follow Meb on Twitter at @MebFaber   -----   Today’s episode is sponsored by NordVPN. NordVPN strives to make the internet better than it is today. It can be free from online threats, censorship, and surveillance. What started with a

In episode 326, we welcome our guest, Viktor Nebehaj, co-founder of Freetrade, whose mission is to get everyone investing by making it simple and commission-free with a stockbroker you can trust.   As a special offer for listeners of the show, visit freetrade.io/MEB and get a free stock worth 3 - 200 GBP.    In today’s episode, we start with Viktor’s early days at Google. Then hear how he went all-in on a crowdfunding campaign for Freetrade and loved the product so much he joined the company as a co-founder. We dive into the company, which offers commission-free brokerage without payment for order flow or margin lending. Viktor shares how the company makes money, what the appetite for this product has been like in Europe, and what it was like to navigate the craziness of 2021.    As we wind down, we hear about Freetrade’s crowdfunding experience, with seven total rounds raising roughly 60 million dollars.    -----   Follow Meb on Twitter at @MebFaber   -----   This episode is sponsored by Bitwise. The Bitwise

In episode 325, we welcome our guest, Bhu Srinivasan, author of AMERICANA: A 400-Year History of American Capitalism and founder and CEO of SCORETRADE, which is developing the fastest and most precise in-game sports prediction experience possible. In today’s episode, we go all the back to the 1400s and hear how venture capital was behind the discovery of America. Bhu talks about some of the most successful entrepreneurs in American history, including Vanderbilt, Carnegie and Rockefeller. We talk about the role the government has played in helping American capitalism thrive, and the history of booms and busts and the role they serve over time. As we wind down, we discuss the future of capitalism in the U.S. and around the globe, and hear about Bhu’s current venture around crypto and sports gambling.  ----- Follow Meb on Twitter at @MebFaber ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can star

In episode 324, we welcome our guest, Dr. Edward McQuarrie, Professor Emeritus at Santa Clara University.  In today’s episode, we hear why the ‘stocks for the long-run’ thesis may not be so true. Dr. McQuarrie found digital archives and older data that gives a different conclusion than what Professor Jeremy Siegel found. We walk through how stock and bond returns have changed over time and learn that bonds have outperformed stocks for decades in countries like France and Japan. We hear about Dr. McQuarrie’s ‘regime thesis,’ which says the risk/return profile of both stocks and bonds depends on what regime we’re in, both capable of outperforming or underperforming over any time horizon.  Please enjoy this episode with Santa Clara University’s Edward McQuarrie.  ----- This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the tic

In episode 323, we welcome our guest, John Montgomery, founder and Chief Investment Officer of Bridgeway Capital Management, a $5 billion quantitative manager that donates 50% of its profits to charity. In today’s episode, we start by hearing what made our John leave a job in the Transit sector to start a quantitative investment firm. We walk through what drew him to a rules-based approach and then touch on different factors, including size, value, and low volatility. We even touch on Bridgeway’s ultra small cap strategy and how it captures the small-cap premium.   As we wind down, we hear about the firm’s unique structure, which includes donating half its profits to charity with the goal of ending genocide. Please enjoy this episode with Bridgeway Capital Management’s John Montgomery. ----- Follow Meb on Twitter at @MebFaber ----- Today’s episode is sponsored by Yotta Savings. Yotta Savings is an FDIC-insured savings account with a big twist, saving with Yotta gives you the chance to win $10 million every we

Episode 322 has a radio show format. We cover a variety of topics, including: - Preparing your portfolio for the possibility of both inflation and deflation - International stocks making a comeback - Value and momentum factors - Listener questions! ----- This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker "BITW" and are accessible through traditional brokerage accounts. Shares may trade at a premium or discount to net asset value (NAV). For more information: www.bitwiseinvestments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode 321, we welcome our guest, Rajiv Jain, Chairman and Chief Investment Officer of GQG Partners, a boutique investment management firm focused on global and emerging markets equities. In today’s episode, we hear how Rajiv is building an asset management firm for the future. We start with Rajiv’s early career as an emerging markets PM and the lessons he learned navigating the Tequila Crisis. Then we dive into his choice to venture out on his own and start a new firm focused on having skin in the game, a diverse team, and a long-term view. We talk about the different investment styles of the firm and how he’s positioned going forward.  As we wind down, we take a look around the world and hear Rajiv’s thoughts on emerging markets, Russia, India, and Asia. All this and more in episode 321 with GQG Partner’s Rajiv Jain.    ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in

In episode 320, we welcome our guest, Shonda Warner, founder of Chess Ag Full Harvest Partners, an asset management company focused on agricultural investment opportunities. In today’s episode, we begin with Shonda’s early career on the trading desks of Goldman Sachs and Cargill in London and Tokyo. Then she shares what led her to decide she wanted to return to her farming roots and launch an agriculture asset management firm. We cover her areas of expertise, what realistic return expectations are in the space, and the possibility for vertical integration going forward. We even touch on some ag-tech and the need for infrastructure around hemp to help the industry grow.  All this and more in episode 320 with Chess Ag Full Harvest Partner’s Shonda Warner.     ----- This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world’s largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker