Meb Faber

Founder:@cambriafunds,@theideafarm
Pod: books:
Youtube: mf@cambriainvestments

[Meb Faber @MebFaber]

I wrote a new book...

𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: 𝗧𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗮 𝟮𝟱𝟬-𝗬𝗲𝗮𝗿 𝗕𝘂𝗹𝗹 𝗠𝗮𝗿𝗸𝗲𝘁

Coming July 4, 2026 🇺🇸

Pre-order: https://t.co/VGGmU7Rcwa

[Meb Faber @MebFaber]

@itsdougg Next summer Northern Europe

[Meb Faber @MebFaber]

USA game in Bled tonite come join

[Meb Faber @MebFaber]

Any Slovenian tweeps?

Say hi!

[Meb Faber @MebFaber]

@compound248 Doesn't even have a name....?

Contender maybe RB hurdling defender but too commonplace now

[Meb Faber @MebFaber]

Across all sports the most impressive move has to be a bicycle kick right?

[Meb Faber @MebFaber]

@Tobstar84 Always had a problem with foot on the line 😂

[Meb Faber @MebFaber]

Does anyone else read this as Warren asking Elon to pay her taxes?

[Elizabeth Warren @SenWarren]

If Elon Musk paid my ultra-millionaire tax, we could fully cover free community college in America.

[Meb Faber @MebFaber]

Cool!

Also can't believe this paper is 20 years ago 😱

[Concretum Research @ConcretumR]

While next week marks the beginning of summer holidays for many, it is shaping up to be a particularly busy week at @ConcretumR.

We will be publishing THREE new research articles packed with fresh insights for our readers:

📉 Can less liquid stocks deliver higher returns? We investigate whether an illiquidity premium exists in short-term stock trading and why smaller traders may sometimes enjoy advantages that larger funds simply cannot access.

🌍 We revisit @MebFaber's classic Global Tactical Asset Allocation strategy, update the results with 20 additional years of out-of-sample data, and show how to automate the entire process using #Python and Interactive Brokers.

📈 And finally, an article we've been working on for weeks: a systematic trading strategy that uses information embedded in the #VIX Index to identify short-term mean-reversion opportunities in #SPY. Inspired by some of the concepts introduced in our award-winning paper with @BearBullTraders, the results were compelling enough that we felt the strategy deserved a dedicated research article and implementation guide.

Make sure to subscribe to Concretum page if you'd like these articles delivered directly to your inbox.

🔗 Link in the first comment.

[Meb Faber @MebFaber]

𝗗𝗿. 𝗕𝗿𝘆𝗮𝗻 𝗧𝗮𝘆𝗹𝗼𝗿 𝗵𝗮𝘀 𝟵𝟬𝟬 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗮𝘁𝗮 — 𝗮𝗻𝗱 𝗺𝗼𝘀𝘁 𝗼𝗳 𝗶𝘁 𝗰𝗼𝗻𝘁𝗿𝗮𝗱𝗶𝗰𝘁𝘀 𝘄𝗵𝗮𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘁𝗿𝗲𝗮𝘁 𝗮𝘀 𝗴𝗼𝘀𝗽𝗲𝗹:

Our recent conversation covered:

• His "TWIG" framework (Trade, War, Inflation, Government) grades today's market poorly

• He says the equity risk premium "doesn't exist"

• A 30-year stock cycle that points to a strong 2040s — and a weaker 2030s

• Top-10 concentration (Apple, Microsoft, Nvidia) is the highest ever — but it was high in the 1950s–60s and didn't end in a bubble

• US bonds delivered a negative real return for ~70 years — most of the 20th century

Sponsor: Ivy Invest

[Meb Faber @MebFaber]

𝗨𝗦 𝗦𝘁𝗼𝗰𝗸𝘀 𝘃𝘀 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗦𝘁𝗼𝗰𝗸𝘀

Today, the market capitalization of US stocks is more than twice the GDP of the country.

Since 1800, stock markets in the United States have returned, on average, about 7% per annum after inflation, while stock markets in the rest of the world have returned 5%.

This means that $1 in 1800 grew to $51,000 in the rest of the world by 2025, but over $4,000,000 in the United States.

That’s a huge difference.

→ Pre-order Investing in America: https://t.co/4drXpH7VVa
→ Learn more about the book: https://t.co/ubdFwZsX46

[Meb Faber @MebFaber]

USA Investing Quote of the Day: “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” - Mark Twain

[Meb Faber @MebFaber]

𝗔𝗺𝗲𝗿𝗶𝗰𝗮: 𝗧𝗵𝗲 𝗦𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝘃𝗲 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 🇺🇸

One of the most overlooked facts about US expansion is how much of the country was acquired through purchase.

Historians estimate that 𝗻𝗲𝗮𝗿𝗹𝘆 𝟰𝟬% 𝗼𝗳 𝗔𝗺𝗲𝗿𝗶𝗰𝗮’𝘀 𝗺𝗼𝗱𝗲𝗿𝗻 𝘁𝗲𝗿𝗿𝗶𝘁𝗼𝗿𝘆 𝘄𝗮𝘀 𝗼𝗯𝘁𝗮𝗶𝗻𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗹𝗮𝗻𝗱 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀, often negotiated under immense geopolitical pressure.

From the Louisiana Purchase to Alaska, much of the American map was shaped not only by war and migration, but by capital, contracts, and checkbook diplomacy.

In a very literal sense, America wasn’t just settled or discovered. 𝗜𝘁 𝘄𝗮𝘀 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝗱 𝗮𝘀 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁.

→ Pre-order Investing in America: https://t.co/4drXpH7VVa
→ Learn more about the book: https://t.co/ubdFwZsX46

[Meb Faber @MebFaber]

USA Investing Quote of the Day: “Investment success accrues not so much to the brilliant as to the disciplined.” - William Bernstein

[Meb Faber @MebFaber]

𝗜𝗻𝘃𝗲𝘀𝘁 𝗘𝗮𝗿𝗹𝘆 𝗼𝗿 𝗖𝗮𝘁𝗰𝗵 𝗨𝗽 𝗟𝗮𝘁𝗲

Assume two investors earn an 8% compound return, and they reinvest their dividends:

→ The long-view investor adds $5,000 to their account starting at age twenty for six consecutive years. After fifty years, they have over $1 million in their account.

→ The delayed investor waits until age forty to get started. To achieve the same $1 million balance at age seventy, they need to invest $9,000 per year for thirty years! Instead of a $30,000 up-front cost, the delayed investor contributes $270,000.

𝗧𝗵𝗲 𝗟𝗲𝘀𝘀𝗼𝗻: 𝗚𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱 𝗮𝘀 𝗲𝗮𝗿𝗹𝘆 𝗮𝘀 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲.

h/t @dollarsanddata

→ Pre-order Investing in America: https://t.co/4drXpH7VVa
→ Learn more about the book: https://t.co/ubdFwZsX46

[Meb Faber @MebFaber]

USA Investing Quote of the Day: “The first rule of compounding is to never interrupt it unnecessarily.” - Charlie Munger

[Meb Faber @MebFaber]

Investing in America has over 35 recommended books and papers on financial history.

What books are missing from this picture?

Download the full suggested resources list → https://t.co/eviKnDLWP1

[Meb Faber @MebFaber]

@EconomPic Regulators need to rename this entire category ao you can't call it income or yield

[Meb Faber @MebFaber]

USA Investing Quote of the Day: “From the beginning Americans have been anticipating and projecting a better future. From the beginning the Land of Democracy has been figured as the Land of Promise.” - Herbert D. Croly

[Meb Faber @MebFaber]

@MarioGatara Well at least give me your favorite pub to watch World Cup na zdravjelnah!

[Meb Faber @MebFaber]

Any Slovenian tweeps?

Say hi!

[Meb Faber @MebFaber]

@MarioGatara Will be bled 17-20 then down to Gacka/Krka/unica rivers after

[Meb Faber @MebFaber]

@atFurion @KlemenKoselj Will be bled 17-20 then down to Gacka/Krka/unica rivers after