Ready to grow your wealth through smarter investing decisions? With The Meb Faber Show, bestselling author, entrepreneur, and investment fund manager, Meb Faber...
Mike Maples on 100-Baggers, David Swensen & the AI Revolution | #568
Today’s guest is Mike Maples Jr. a partner at Floodgate, a pre-seed and seed-stage venture capital firm that’s invested in companies like Twitter, Lyft, Twitch, Okta. He’s also the author of Pattern Breakers: Why Some Start-Ups Change the Future.
In today’s episode, Mike shares his framework for investing in successful early-stage companies. He explores the nature of startups as acts of disagreement with the status quo and the importance of being disagreeable in the entrepreneurial journey. Mike also touches on the evolving landscape of IPOs and private markets, the transformative power of AI, lessons from one of his first Limited Partners, Yale’s David Swensen, and more.
(0:00) Starts
(1:06) Mike Maples' investment philosophy
(7:26) Identifying pattern breaking startups
(13:02) Spotting inflection points
(23:14) Portfolio strategy
(32:04) The future of private markets
(38:58) AI's impact on investing
(46:13) Early influences
(53:55) AI in education
(1:01:00) Controversial beliefs
(1:03:58) Mike's most memorable investments
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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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1:10:59
BofA's Savita Subramanian on The New S&P 500: AI-Driven and Asset-Light | #567
My guest today is Savita Subramanian, Bank of America’s Head of U.S. Equity Strategy & U.S. Quantitative Strategy. Barron’s named Savita as one of the 100 Most Influential Women in U.S. Finance.
In today’s episode, we cover the key trends shaping markets as we start 2025. Savita discusses the evolution of the S&P 500 over the past 50 years and why that leads her to be more comfortable with higher valuations today. Then she explains why productivity gains could drive the next bull market and the surprising resilience of corporate margins despite inflation volatility.
Plus, Savita weighs in on the future of small, mid, and large caps and why she favors selective stock picking over buying the index.
(0:00) Intro
(0:34) Sponsor: Farmland LP
(2:02) The evolution of the S&P 500
(5:13) Does the market deserve a higher valuation?
(11:02) 2025 market outlook
(14:34) Corporate margin expansion and efficiency
(19:43) Fixed income alternatives and large cap value stocks
(26:03) IPO trends and private markets
(32:23) Reshoring and US infrastructure investment
(38:12) Market shift to focus on total return
(51:17) Old economy stocks and global market opportunities
(58:35) Most memorable investment
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For detailed show notes, click here
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Sponsor: Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector.
-----
Follow Meb on X, LinkedIn and YouTube
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
Follow The Idea Farm: X | LinkedIn | Instagram | TikTok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
-----
Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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1:05:43
Wendy Li on How To Invest Like Elite Endowments | #566
Today's guest is Wendy Li, founder and CIO of Ivy Invest, which offers an endowment-style fund with traditional and alternative assets. She’s spent her career as an institutional investor managing billions of dollars for some of New York’s largest endowments and foundations.
In today's episode, Wendy walks through the strategies and principles behind how major endowments invest, manage risk and navigate the evolving landscape of alternative assets. Then we shift to Ivy Invest and her innovative approach in making endowment-style investing accessible to individual investors. She explains her approach to building a diverse investment portfolio, her framework for liquidity management, and how this fund structure allows individuals to invest with no need to be an accredited investor.
(0:00) Introduction to Wendy Li
(2:38) Endowment investing
(11:35) Balancing illiquidity and evolution of alternative investments
(22:58) Founding Ivy Invest
(26:27) Investment process, portfolio composition, and manager sourcing
(33:29) Evergreen structures and liquidity
(42:23) Skin in the game
(49:44) Most memorable investment
-----
Follow Meb on X, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Follow The Idea Farm: X | LinkedIn | Instagram | TikTok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
-----
Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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58:58
Audiobook - Shareholder Yield: A Better Approach to Dividend Investing - 2nd Edition | #565
In this special episode, I’m releasing the full audiobook of Shareholder Yield: A Better Approach to Dividend Investing. While you can purchase the audiobook on Amazon, podcast listeners can listen here for free! Check out the description and times of each chapter below.
About The Book
For decades, both professional money managers and retail investors have revered dividend stocks. However, an objective examination of historical data reveals a surprising truth: these investors may have been shortchanging themselves.
In this eye-opening exploration, Meb Faber unveils a more holistic market strategy beyond dividend investing - shareholder yield. Utilizing market studies, historical data, and insights from some of the world’s most successful investors, Faber guides readers through the numerous benefits of this broader approach.
Discover why focusing on total shareholder value - encompassing dividends, buybacks, and debt management - offers a superior method. Join Faber as he presents compelling data, debunks misconceptions, and demonstrates how to implement these concepts in your portfolio.
(1:07) Opening
(1:55) Introduction
(7:00) Chapter 1
(10:50) Chapter 2
(13:36) Chapter 3
(18:00) Chapter 4
(32:42) Chapter 5
(1:11:54) Chapter 6
(1:37:50) Chapter 7
(1:52:20) Chapter 8
(1:58:00) Chapter 9
(2:00:28) Chapter 10
(2:04:54) Chapter 11
(2:06:13) Chapter 12
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Follow Meb on X, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Follow The Idea Farm: X | LinkedIn | Instagram | TikTok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com/)
Learn more about your ad choices. Visit megaphone.fm/adchoices
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2:12:31
The Best of 2024: Damodaran, Gerstner, Asness, Bessembinder & French | #564
In today's episode, we look back on an amazing 2024 with the episodes that YOU enjoyed the most.
Aswath Damodaran: Apple, Spotify & YouTube
Brad Gerstner: Apple, Spotify & YouTube
Cliff Asness: Apple, Spotify & YouTube
Hendrik Bessembinder: Apple, Spotify & YouTube
Kenneth French: Apple, Spotify & YouTube
Have feedback or questions? Want to sponsor the show? Email us at [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
Ready to grow your wealth through smarter investing decisions? With The Meb Faber Show, bestselling author, entrepreneur, and investment fund manager, Meb Faber, brings you insights on today’s markets and the art of investing. Featuring some of the top investment professionals in the world as his guests, Meb will help you interpret global equity, bond, and commodity markets just like the pros. Whether it’s smart beta, trend following, value investing, or any other timely market topic, each week you’ll hear real market wisdom from the smartest minds in investing today. Better investing starts here. For more information on Meb, please visit MebFaber.com. For more on Cambria Investment Management, visit CambriaInvestments.com.
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