Which Institution Has The Best Asset Allocation Model?

If you’re like most investors, you’re asking the wrong questions. I was chatting with a group of advisors this week down in La Jolla and a question arose. I'll paraphrase: "Meb, thanks for the talk.  We get a steady stream of salespeople and consultants in here hawking their various asset allocation models.  Frankly, it can be overwhelming. Some will send us...

Do As I Say, Or Do As I Do?

I include this chart in most of my speeches on asset allocation as it shows just how wrong the crowd can be at EXTREMES.  People were most bullish in literally the worst month ever, and most bearish at the exact BOTTOM. Why they are all so bearish now I have no idea.  It is in the bottom 3% of all...

Which ETF Would You Like To See Next?

I often ask my audience questions since their beliefs and preferences differ vastly from my own.  All of our book covers have been crowdsourced since I have no design ability whatsoever, and we even had a fun contest for the upcoming podcast name.  (While we'll likely go with The Meb Faber Show, though some funny responses included:  Call me...

New Podcast Coming

I just got back from giving a couple talks in Arizona and Florida and decided it is finally time to do a podcast.  So, the big question remains, what is the right format?  Ritholtz and Covel and Ferriss already do a great job of interviews so I would likely avoid that for awhile (though may add in the future). It...

How Much Are Those Dividends Costing You?

  If you enter the phrase “dividend investing” in Google, how many entries do you expect you’ll get? I got 57 million in 0.60 seconds. A search for "dividends" on Amazon returns a whopping 8,000 books, with exciting titles such as “Get Rich with Dividends” and “How to Supercharge Your Investment Returns with Dividend Stocks.” And if you type “dividend investing is…” into...

Don’t Use the CAPE Ratio

Lots of commentary lately on the CAPE ratio (here are recent articles by Arnott, Swedroe, GMO, and Miller). I've written a book, a white paper, and countless blogs on the topic of the CAPE ratio so I don't feel the need to rehash a lot of that here as there is plenty in the blog archives.  (But it is working great...

Tweets of the Week

Sorry I was a little slow on this, so it's Tweets of the (Last Two) Weeks    

50% Returns Coming for Commodities and Emerging Markets?

If history is any guide, we’re standing at the edge of 40%--96% returns over the next two years. This isn’t wishful thinking or wild speculation. I’m not selling anything. Rather, I’m just reporting historical gains from a market set-up that’s repeating itself right now. So what’s going on? Well, imagine a rubber band. If you stretch it only slightly then let it...

Looking Back

Back in early 2014 I penned a Market Outlook.  The main points were: 1.        2013 – A Monster Year for Stocks 2.        …But Valuation Will be a Headwind 3.        Small Cap Stocks and Dividends are Expensive 4.        Bonds will not help a 60/40 get to 8% 5.        Where to Look?  Go Global   So, looking back, what would my comments be today? 1.  True,...