Ep. 146: Mebane Faber Interview with Michael Covel on Trend Following Radio

Michael Covel speaks with Mebane Faber on his second visit to the podcast. Faber is a noted author, blogger, and portfolio manager with Cambria Investment Management. His new book, “Shareholder Yield: A Better Approach to Dividend Investing” is out now. If you’re into quantitative style investing, Faber is someone who should have your attention. Covel and Faber discuss the state of quant investing in Asia; how asset allocation is like “bullets”; the benefits of quantitative-style systems; protecting yourself against your own behavioral biases; connections between biology and trading; behavioral finance; keeping yourself from making irrational decisions; boom-bust cycles and bubbles; quant views on the efficient market theory and buy and hold; Japanese markets compared to US markets; “cheap” and “expensive” countries and markets; asset class agnosticism; avoiding the big losses; investing based on dividends; momentum as a return factor; and exit strategies.