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Meb Faber
@MebFaber
, 3 tweets, 2 min read Read on Twitter
1/ via @morganhousel

“In investing, saying “I will be greedy when others are fearful” is easier said than done, because people underestimate how much their views and goals can change when markets fall apart.”

My favorite example...

collaborativefund.com/blog/five-less…
2/ in our lifetime when we’re people most bearish stocks? At the literal bottom!

3/ and a longer study via @LeutholdGroup

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Meb Faber
@MebFaber
1/ Ha, good to see I triggered so many people yesterday will how I invest my own money. The responses are funny...



For the new tweeps and followers, I've disclosed how I invest and my holdings for many years on the blog...a reminder for context...
1b/ Of course, this should really matter to nobody other than my wife and family.
But it's useful to walk through as there is so much taboo around money and how people invest.

It's probably the most personal question you could ask someone, how exactly do you invest your money?
1c/ Next time you sit down with your financial advisor or investment manager, maybe ask them "How specifically do you invest your own money. Will you show me your portfolio"?

This may make them uncomfortable. Many would probably balk. Forget on TV or publicly...
Read 15 tweets
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Meb Faber
@MebFaber
1/ Responses to my tweet as to why my emerging markets allocation decision is foolish, which of course makes me more bullish on the thesis



-cannot trust Financials
-lack American ingenuity and /or ambition
-assets can be seized by local government
2/ -other security risks
-weaker infrastructure in most markets
-fx risk
-ever depreciating currencies
-If a market has been "emerging" for 50 years, it's probably not actually emerging
-This is terrible
3/ -Logical but remember higher risk for those greater potential returns. Less transparency, weaker legal system, lower liquidity, etc.
-Cheap for a reason.
-Higher corruption, less diversification (developing markets are usually just banks and utilities).
-Bigger mess
Read 6 tweets
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Meb Faber
@MebFaber
1/ I've been very vocal the last few years about the importance of global investment diversification, yet most Americans continue to allocate 80% to US stocks.

Let me explain, with some help from @bridgewater, why that is a horrible, and easily avoidable mistake.
2/ How do I know you put 80% in the US?

I wrote a book on stock market valuations (free here: cambriainvestments.com/investing-insi… …), and used to give speeches and ask people the same question.

We'd collect the responses and the answer was always ~80%. Our Twitter poll said the same.
3/ If you look at the global stock market weighted by size, the US is about half, but most of you invest 80%.

via @jpmorgan
Read 23 tweets

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Ari “hardware backdoor for halloween” Paul
@AriDavidPaul
People underestimate how much innovation is transferable. Hyperledger for example has many cryptographers at places like IBM working on zero knowledge proofs. Their advancements in applied cryptography can be used by public blockchains like Monero and zcash.
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Himanshu Chauhan
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@MohnishPabrai , thanks for writing this beautiful book.

This thread is my interpretation of "The Dhandho Investor".

Learning🙏
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Market gurus say
@midcap_mantra - sab se bada rog, kya kahenge log
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@KillerMartinis
Ok people

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Ugo Obi-Chukwu
@ugodre
Hello All,

Welcome to Corporate Stories with @Nairametrics

This is part 3 of our Oando Story
If you are just joining this thread, we suggest that you start from Part 1 and 2

Here is the link to Part 2

1. Acquiring COP in hindsight appeared to be a massive game changer and would proper JAT and Mofe to the top of Africa’s Oil.
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