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Monday, April 24, 2017
Meb Faber is one of my heroes in the investment world...
He's doing fantastic research, and he's always digging to get down to "The Truth" in investing – whatever that truth may be.
When I first learned about him around a decade ago, Meb was doing "homework" similar to mine on the financial markets – only his work was more elegant.
So what did I do? I sought him out. I had to get to know him.
I had to see if he was the "real deal." And if he was, I looked forward to trading ideas on our own paths to The Truth...
When we met, I realized he was the real thing. I told my subscribers that I thought he would go on to become a star in the investment world. And that's exactly what happened.
Today, Meb shares his ideas through a podcast, where he interviews some of the world's top investment professionals. It's got to be one of the best podcasts about investing out there. I urge you to check it out.
This week, Meb had me on the show as his guest. And I had a great time...
We covered just about every investing topic you can imagine – stocks, real estate, high-yield bonds, China, emerging markets, the big tech companies, whether we're in a bubble or not, and much more. And we covered a lot of other stuff, too... like surfing, collectible cars, rare coins, and more.
It's hard to believe we squeezed all that in.
One question we discussed was, "What was your worst trade?"
I thought I'd share my answer with you today...
Two lessons from that trade are:
That's just a couple of minutes from our 90-minute episode. I think there are a lot of nuggets of wisdom in this show, and in his previous podcasts.
If you're interested in learning to become a much better investor, I urge you to check out Meb Faber's podcasts. Find a guest or topic that appeals to you, and start there... As for my own guest feature, you'll be able to find it on his website this Wednesday.
Check it all out at www.MebFaber.com.
"The go-nowhere investments loitering in your portfolio are a very real opportunity cost (and many times, real dollar cost) to your wealth," Meb Faber writes. "The challenge is viewing our assets with genuine objectivity..." Learn a simple method that will re-focus your portfolio and boost your investment gains right here: The Zero-Budget Portfolio.
It pays to keep your eye on what the best investing thinkers are saying... Recently, Jeremy Grantham – the "guru of bubbles" – said we are not in a bubble today. "Who would know better?" Steve writes. Get the full story here: The 'Bubble Guru' Called the Last Market Peak... What's Next?
NEW HIGHS OF NOTE LAST WEEK
Cigna (CI)... health insurance
Align Technology (ALGN)... invisible orthodontics
LabCorp (LH)... medical testing
Quest Diagnostics (DGX)... medical testing
Becton Dickinson (BDX)... medical equipment
Canon (CAJ)... medical imaging, printers, cameras
T-Mobile (TMUS)... wireless telecom
Yahoo (YHOO)... Internet pioneer
Facebook (FB)... social media
Shopify (SHOP)... e-commerce powerhouse
Alibaba (BABA)... world's largest retailer
Best Buy (BBY)... TVs, computers, appliances
Take-Two Interactive (TTWO)... Grand Theft Auto, NBA 2K
Time Warner (TWX)... media and entertainment
Live Nation Entertainment (LYV)... live events
Dave & Buster's Entertainment (PLAY)... arcades
PepsiCo (PEP)... soft drinks
Dr Pepper Snapple (DPS)... soft drinks, juices, flavored beverages
SodaStream (SODA)... do-it-yourself soda
Whole Foods Market (WFM)... natural and organic foods
Chipotle Mexican Grill (CMG)... burritos
Bob Evans Farms (BOBE)... sausage, bacon, mashed potatoes
McDonald's (MCD)... burgers, fries, chicken nuggets
Philip Morris (PM)... Marlboro, Parliament, Virginia Slims
Reynolds American (RAI)... Newport, Camel
Spectrum Brands (SPB)... Remington, George Foreman
PulteGroup (PHM)... homebuilder
Lennar (LEN)... homebuilder
Two Harbors Investment (TWO)... "virtual bank"
Annaly Capital Management (NLY)... "virtual bank"
NEW LOWS OF NOTE LAST WEEK
ExxonMobil (XOM)... Big Oil
Calpine (CPN)... natural gas power plants
W.W. Grainger (GWW)... safety gloves, ladders, motors, and more
Tempur Sealy International (TPX)... mattresses
Revlon (REV)... makeup, perfume, lipstick
Rite Aid (RAD)... drugstores