@Jesse_Livermore on the flip side baseball is vastly better now with the pitch clock.
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Meb Faber
27K posts
Meb Faber
@MebFaber
Founder:@cambriafunds,@theideafarm Pod: https://t.co/CvHIZ68yqU Free books: https://t.co/gm0ghOal8Q Youtube: https://t.co/linHiudqoc Email: mf@cambriainvestments
Manhattan Beach, CA Katılım Şubat 2009
2.6K Takip Edilen140.8K Takipçiler
There really is a big decline in quality though.
Can't just be a perennial "my generation was better" thing, since there's nowhere near as much complaining about how much better 80s/90s baseball, football, hockey, tennis, golf, etc were. You hear it abt this sport bc it's TRUE.
Derek Thompson@DKThomp
My feed is drenched in whining about how much the modern NBA sucks. Seems even more whiny than normal. Do other sports have such a vibrant cottage industry of anti-fan posters who are so determined to hate on the sport?
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@MebFaber @ChrisCamillo Meb, thanks for posting. Is Cambria set for 351 exchange via Altruist? RIA asking.
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Real estate has the 1031 exchange.
Sell a property, roll into another, defer the tax, keep capital moving.
Equities should have some version of this.
Capital markets would be more efficient if investors weren’t incentivized to sit in yesterday’s winners just to avoid a tax hit.
Kevin Xu@kevinxu
had lunch with stanford friends and the story was the same all millionaires thanks to huge gains in tech stocks but no one wants to sell because of 37.1% tax hit so they still can't afford a single family home this is way more common than people realize
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The thing is Stephen, you don't have to start with a million.
Start with $100, pull out your calculator, and multiply that by 1.5.
You're a billionaire in 20 years. You too can do it!
Meb Faber@MebFaber
"50% rates of return aren't unusual....simply pull up your calculator, multiply a million by 1.5 and then repeat that 19 more times..." All time paragraph of dipshittery latimes.com/opinion/story/…
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@Intermarket_Dyn One paragraph later he reveals his intent:
"In fact, it could be argued that billionaires’ wealth isn’t theirs at all"
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I think the idea is that, if you select for billionaires and assume that they started off as not even millionaires, that their rates of return had to have been at ~50% over an extended period to get where they are. Thus, "50% rates of return aren't unusual for the ultra-wealthy". It's a helluva way to back into their conclusion, but I guess that's the logic.
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"50% rates of return aren't unusual....simply pull up your calculator, multiply a million by 1.5 and then repeat that 19 more times..."
All time paragraph of dipshittery
latimes.com/opinion/story/…
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@kevinxu 351 ETF Exchange (still nobody has heard of it)
cambriafunds.com/351
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@MebFaber this year im actually up+50% ... but saddly thats an exception ;)
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Energy probably not heading back to 30% of the stock market...but not hard to imagine it going to 10%...
via @AB_insights
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Compiling a list of "personality" ETFs (maybe not the right name):
$ORR - @orrdavid
$MVNT - @AlexMoonvest
$GRNY - @fundstrat
$HEFT - @Hedgeye
$WZRD - @opptrader1
$WRTH - @CarterBWorth
$ETFT - @FundsmithLLP
$GTND - @Ritholtz
Any others?
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@chuckcode @SowingAlphaSeed @orrdavid @AlexMoonvest @fundstrat @Hedgeye @opptrader1 @CarterBWorth @FundsmithLLP @Ritholtz @WarrenPies more of an uppercut...
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@SowingAlphaSeed @orrdavid @AlexMoonvest @fundstrat @Hedgeye @opptrader1 @CarterBWorth @FundsmithLLP @Ritholtz Slightly more systematic but maybe:
$RAA - @WarrenPies 3Fourteen active asset allocation
$ENDW - @MebFaber and team's jab at CalPERS to show can do low cost endowment style ETF
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"SGA falls twice as often as his peers"
Via @tomhaberstroh
sports.yahoo.com/nba/article/fl…
Meb Faber@MebFaber
Is there a way to track and rank how many times NBA players fall over the course of a season? Somebody has to have this info, right?
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Links below
🍎Apple: podcasts.apple.com/us/podcast/meb…
📺YouTube: youtu.be/C6f-jCWxoO0
YouTube
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While in Omaha for Berkshire week, I was a guest on another podcast and we're releasing it here too.
We covered:
• Berkshire could drop 99% and still beat the S&P since inception (h/t @ChrisBloomstran)
• Home country bias & Korea +200%
• Why shareholder yield tells a truer story than dividends alone
• Why tax alpha quietly swamps most of what investors fixate on
• The case for survival over speculation
Sponsor: @alphaarchitect
Links below
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