Thread by @MebFaber

For the investment professionals out there. What belief do you hold that the vast majority of your peers (75%+) do not share?

Here's a few of mine in no particular order....apologies for offending everyone in advance!

1. Investing based on dividend yield alone is a tax-inefficient and nonsensical investment strategy.

2. The Federal Reserve has done a good job.

3. Trend following strategies deserve a meaningful allocation to most portfolios.

4. A basic low cost global market portfolio of ETFs will outperform the vast majority of institutions over time.

5. US investors should be allocating a minimum of 50% of their stock allocation to non US countries.

6. 13F replication is a better approach to investing in most long term hedge funds than investing in the hedge funds themselves.

7. As long as you have some of the main ingredients (global stocks, bonds, real assets) your asset allocation doesn't really matter. What does matter is fees and taxes.

8. A simple quant screen on public stocks will outperform most private equity funds.

9. A reasonable time frame to evaluate a manager or strategy is 10, maybe 20 years.

10. I don't feel like I have to have an opinion on Telsa stock