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Wonderful discussion. Herb is the best in the business at what he does.

that was encouraging;)

At least he met with the right professor who was smart enough to acknowledge Mohnish's talent.

he doesn't understand the markets, we're about to drop 15-20% because the last expiration released a lot of delta and the market makers are gonna sell their hedges, who knows which stocks run up next?

What?

Great interview learned alot

Biden is good for the economy. Trump is a criminal. 💁🏼‍♂️

Cambria Quartz? That stuff ain't cheap! How many rehabs have you done?

😊👍🙏

Catherine's two flaws: (1) Because new technology gives outsize returns, tech is where you need to be, whether or not the Nasdaq is concentrated or expensive. Just avoid the nose bleed P/Es (2) "The market can stay irrational longer than you can stay solvent". So while Catherine is saying what _should_ work, real life does not work as per these Ph.D. type theories that look good on paper. The bottom line is you need to be in tech because tech is what drives progress in our world, and not worry much about valuations. It's more about interest rates, money printing, yield inversion, disasters, etc. that determines the markets and not so much valuations. *For the last two decades (and in the future), the average Joe that bought the usual FAANG stocks and tech stocks beat the hell out of all money managers and big names and even Warren Buffet.* Who made the same mistake: ignoring tech. PS. If you don't know that progress is mostly driven by tech, you haven't been living in our solar system :) Loved her comment on currencies reverting because they are at extremes.

Pfff Hahaha try all the sanctions you give other countrys.... I give it one month

Everyone is "smart" and only by the picks and shovels. There isn't even an attempt for a killer app. Smells like 5G. Smells like blockchain. Where are those "profitable companies"? "AI" is just A.

Stock market is not a reflection of our economy. It what companies think they can squeeze out of stupid investors

Wtf gaslighting at its finest.

The stock market is not the economy. F*ck the "economy." What about standard of living?

IF THE ECONOMY IS SO GOOD WHY IS EVERYONE BROKE

Are you guys on drugs?

The idea is you can naked short and make 10x the market cap . If company goes bankrupt, you never needs to close .

How obsolete are you guys? You are stuck on S&P500 instead of NASDAQ. In today's technology era, it's Nasdaq and not the old companies. Haven't you heard of FAANG, MAG 7, NVIDIA, TESLA --- all tech. If you are too old to get tech, pay some young guys to work for you.

Where are the numbers showing that if Buffet had invested in some Bonds, he would be better off? Show them.

excellent episode, thanks

An intelligent fool. If you think like a computer, then it’s 64 years. If you think like Warren Buffet, then you’ll know when you meet him / hear him and it’s confirmed in performance a few years. And what’s true of Warren is true of many winning people and winning businesses: Steve Jobs, Elon Musk, Jeff Bezos, etc. FAANG stocks or MAG 7 have done great for many years. For some reason his head is in the sand.

34 trillion in debt another 100 trillion in unsecured liabilities over the next decade. America is doomed.

much much much more likely to have a full blown depression... but yea, keep believing the BS

Too much talk.. Where the beef?

End of the day, sovereigns are no longer interested in US Treasuries

He got his head up his cuyo

Very articulate guest, thank you. The part I struggle with from his thesis is: he expects sustained 6% nominal growth and 6% deficit spending for the rest of the decade, yet he expects inflation to drop back down to the 2-handle. For that type of scenario to materialize, you'd need a Wakanda-style productivity boost. So, either AI becomes the 21st century's hallmark revolution (think steam engine or electricity level of advancement), or it will be absolutely impossible to reach that type of growth and deficit spending without inflation (and the long end of the curve) creeping back up.

Very Good. Many thanks guys.

Wonderful discussion.

Thank you!

Jason is great. Great episode!

Thank you!

Guest talks too fast

How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards

Perth Tooles fund is closing in on $1b now…

Why do Americans always wear shxtty baseball caps indoors?

Don’t worry about public employees they will tap into the rest of the taxpayers and will get their pensions guaranteed.So what were their returns overall? It can’t be the minuscule amount meb said can it?

How much do we want Money to further distort the legal system?

Excellent post! Thank you very much.

But 2022 is just one year. Investing is about the long term it's a long term project

The lomitation of all Money all scenarios no matter the application area. Ther eis more to numbers than just numbers.

I agree home economics should be compulsory for all male female it teaches alot basic life skills makes u independent

This "actively managed" fund just holds 3 T-bills, but charges a whopping 0.59% mgmt fee, as if it was an actively managed stock fund with bottom up stock picking. Investors who have a little bit of time should buy the T-bills themselves. Cambia's website on TYLD lists the holdings. So continue to watch Meb, but you can skip this "fund". And I haven't mentioned the odd 33% leverage they put on, just to pretend to be "active"? That's costs on top of costs. This is not a good fund.

"Moneyball" sounds so 'smart'. It is moronic to bias and corrupt the legal system with money. A couple decades later, there will be less fairness but no way to fix it, because a powerful self-interest lobby group will be mucking up justice.

No video?

OK, that 490 equal weighted trade is actualy doable with fractional shares, but that is a LOT of mouse clicking. I just retired this month and I am rolling over a 457 B. I might just try this, because I agree the Mag 7 is WAY over vallued. 490 positions is a lot but it is not infinity. Maybe the S&P 100 minus Mag 7 might be more realistic, that is 93 positions.

Mr. Faber, how would the average investor actually pull off owning the bottom 490 stocks to gain that extra 3 points?

I think maybe SPY will self correct the problem with concentration, Mega Cap growth (Meta, Apple, Tesla, etc) cratered after years of out performance for about a year, and then took off again this year, with Nvidia grafted on to the usual suspects. That still leaves it with a high average valuation as the young lady suggests. Personally, I plan to over weight new money into FEZ over SPY. I think Ms. Catherine might approve. I won't bore everyone with all my smart or stupid trades in individual equities. I think GMO is a bit hyperbolic with the claim of this being the best opportunity to outperform in 35 years. A bit of a sales pitch, would you say?

I watch it every time I have a losing streak ! Thank you !