Meb Faber

1 month ago | advisorperspectives.com | Meb Faber

Zooming out a bit, we can make some broad generalizations, one of which is: “The average endowment is pretty average.” That’s nothing to be ashamed of, however. Compounding at around 9% per year for 40 years is still impressive! It seems less impressive than anyone who allocated to 60/40, forgot about it, and ended up in the same place. Many assume the world’s largest and most connected institutions would be able to leverage resources to produce strong returns.

1 month ago | theideafarm.com | Meb Faber

Together With“You can close your eyes and cross a four-lane highway, but even if you get to the other side, you’re still an idiot.” — Christian Deckart Warren Buffett’s annual letter touches on the performance of US & Japanese investments, the rationale behind Berkshire’s investments and acquisitions, and more. Berkshire last year made four payments to the IRS that totaled $26.8 billion. That’s about 5% of what all of corporate America paid.

1 month ago | mebfaber.com | Meb Faber

People love to point out that the US has higher stock valuations but a larger high growth tech sector…does that matter? Via Goldman:The entire100+ page report we profiled on The Idea Farm is excellent…a few more charts at the end from Norbert at Taunus…

1 month ago | mebfaber.com | Meb Faber

I don’t think most investors understand this very simple graphic…

2 months ago | mebfaber.com | Meb Faber

From 1900-2020, in how many decades did US stocks outperform a global equal weight? Out of 12 decades………4 times! via Bridgewater