Host: Meb Faber is Co-Founder and Chief Investment Officer of Cambria Investment Management. Meb has authored numerous books, whitepapers and blog posts, and is the host of The Meb Faber Show podcast.
Run-Time: 12:48
Summary: In today’s episode of the Cambria Fund Profile Series, Meb discusses the Cambria Value and Momentum ETF (VAMO).
Meb walks through the strategy, which provides exposure to stocks focused on value and momentum metrics, while having the ability to tactically hedge the equity portfolio with strict risk control methods that are completely systematic.
He looks back at the fund’s underperformance until 2021, but shares why investment strategies can experience short-term underperformance.
As the episode winds down, Meb offers some notes from a recent Cliff Asness paper on why the setup for value is as attractive today as it’s been over the past 50 years and explains why he’s excited about this strategy going forward.
Links from the Episode:
- 1:10 – Episode begins
- 4:35 – Cambria Value and Momentum ETF (VAMO)
- 6:38 – How even Berkshire Hathaway has experienced periods of underperformance
- 7:52 – Is (Systematic) Value Investing Dead? (Asness)
- 8:52 – Disclaimer
