Meb Faber Research – Stock Market and Investing Blog

I get asked all the time by friends and investors variants of the same question: “What book should I read to learn about investing”? I still don’t have a good, single answer. A couple years ago we put together a survey asking our readers for just one answer to the above question, and received thousands of responses.  I took the time to...

Below are some of the best reads on the topic of capital allocation, with a specific nod to share buybacks.  Given the amount of misinformation surrounding this topic, we curated the best literature across academia, Wall Street, and traditional media. (If there is anything wonderful I missed, please let me know) Enjoy! AQR: Buyback Derangement Syndrome, 2018 Warren Buffett: Annual letter,  2018 Aswath Damodaran:...

For those of you with a Cambria Trinity account partnered with Betterment, some exciting news! Betterment recently announced Betterment Everyday, a savings account that earns up to 2.69% APY with up to $1mm in FDIC protection. Betterment Everyday Savings has no fees on the savings account balance. Betterment will soon be adding Checking too, where debit card ATM fees are reimbursed worldwide,...

Would you like to go back in time and invest in beer companies when the United States ended Prohibition in 1933?  You bet - the stocks returned 20% per year in the decade following legalization, nearly double the returns of the overall market.  There is a similar situation developing around the globe currently as legal restrictions on cannabis production...

(The below was a tweetstorm I thought I'd republish on the blog...) I've been very vocal the last few years about the importance of global investment diversification, yet most Americans continue to allocate 80% to US stocks.   Let me explain, with some help from Bridgewater, why that is a horrible, and easily avoidable mistake. How do I know you put 80% in...