Cambria's Meb Faber dials in from sunny California to tell Alex and Frank all about betting the house on a biotech stock… and losing. Spoiler alert: options are involved. As are some classic investor misbehaviors including overconfidence, a lack of diversification, and poor (well, no) sell discipline.
But, as ever, we are here to learn and Meb explains how the multiple lessons from this one early error have shaped him into the investor he is today, not least by steering him away stock picking and toward to a quantitative approach.
Cambria's Meb Faber dials in from sunny California to tell Alex and Frank all about betting the house on a biotech stock… and losing. Spoiler alert: options are involved. As are some classic investor misbehaviors including overconfidence, a lack of diversification, and poor (well, no) sell discipline.
But, as ever, we are here to learn and Meb explains how the multiple lessons from this one early error have shaped him into the investor he is today, not least by steering him away stock picking and toward to a quantitative approach.
Hosts Alex Steger, Frank Talbot, and Chris Sloley ask the best investors about their worst mistakes, and (crucially) what they learned from them.
We hear from some of the brightest minds in markets, advice, and analysis to glean their gravest errors and discover how they beat their blunders to become better investors today.