Podcasts about Faber

Patron saint of African Americans 

Stijn Schmitz welcomes back Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report Marc Faber to the show. Faber opened the discussion by emphasizing the unprecedented complexity facing economists and investors today, driven by a confluence of dismal fiscal situations in Western democracies, geopolitical tensions, and the central role of central banks in financing massive deficits. He questioned whether Western economies have experienced real growth over the last 20 years or merely nominal expansion fueled by money printing, which has inflated asset prices for the wealthy while eroding the purchasing power and living standards of the middle and lower classes. Faber argued that this monetary inflation, which began in earnest with quantitative easing, is a path to societal disaster that cannot be stopped without causing pain that democracies will not accept. He asserted that the current multi-decade bull market in assets will inevitably end in a significant crash, and the key question for investors is how to lose the least amount of money when it does. While he acknowledged the US Treasury market remains healthy for now, he cast doubt on official inflation figures, suggesting real cost-of-living increases are much higher. On gold, Faber reiterated his long-standing advice that individuals should act as their own central banks and consistently accumulate physical gold as a store of value, noting it may decline less than other assets like AI and semiconductor stocks in a crash. He also warned of the risk that governments could outlaw private gold ownership, as they restricted freedoms during COVID. Faber concluded by noting that in real terms, energy and agricultural commodities are historically cheap, but he stressed that in a debt deflation, nearly all asset prices would fall, making capital preservation the paramount concern. Timestamps: 00:00:00 – Introduction 00:01:04 – Key Economic Trends Focus 00:05:31 – Real vs Nominal Growth 00:09:19 – Capitalism and Market Reforms 00:14:40 – Money Printing Unsustainability 00:15:40 – Debt & Economic Growth 00:17:40 – Future Asset Bubble Crash 00:20:48 – US Treasury Market Health 00:22:30 – Inflation Measurement Issues 00:29:06 – Gold as Value Store 00:35:49 – Correction in Asset Prices 00:38:12 – Energy Markets Outlook 00:44:37 – Gloom Boom Doom Report 00:47:33 – Concluding Thoughts Guest Links: Website: https://www.gloomboomdoom.com/ X: https://x.com/gloomboomdoom Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics magna cum laude. Between 1970 and 1978, Mr. Faber worked for White Weld & Company Limited in New York, Zurich, and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, Marc was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter, “THE GLOOM BOOM & DOOM,” a report highlighting unusual investment opportunities. Dr. Faber is also the author of several books, including “TOMORROW’S GOLD – Asia’s Age of Discovery,” first published in 2002 and highlighted future investment opportunities. “TOMORROW’S GOLD” was on Amazon’s bestseller list and translated into Japanese, Korean, Thai, and German. Marc is also a regular contributor to several leading financial publications around the world. In addition, Dr. Faber is a frequent speaker at various investment seminars and is well known for his “contrarian” investment approach.

Preacher: Jason Faber

In the second episode of Editions, a podcast from Shakespeare and Company and Faber, literary director Adam Biles and Faber Editions curator Ella Griffiths are joined by novelist Megan Nolan to discuss Illusions by Ruth Rehmann, in a new translation by Rob Madole, the latest title in the Faber Editions imprint.First published in Germany in 1959 and lost to English-language readers for decades, the novel follows four employees of a vast West German corporation across a single weekend. Cinematic, fragmented, and seductively modernist, it is at once an intimate and hypnotic portrait of four inner lives and an incisive state-of-the-nation novel about West Germany's postwar "economic miracle" - and the illusions that sustain it.Our conversation covers Rehmann's place in the influential German postwar literary movement Gruppe 47, the novel's debts to and divergences from Virginia Woolf's Mrs Dalloway and James Joyce's Ulysses, the way that the war haunts a generation trying to forget it, the mischievous omniscient window cleaner who watches over the story, and what it means for a woman writer to be faulted, as contemporary reviewers said of Rehmann, for "an excess of contemporaneity."Buy IllusionsUK: https://www.faber.co.uk/product/9780571396580-illusions-faber-editions/Rest of World: https://www.shakespeareandcompany.com/books/illusions-faber-editions Megan Nolan's novels Acts of Desperation and Ordinary Human Failings are also available from Shakespeare and Company, and your local independent bookstore.Sign up to Faber's Heritage Subscription, featuring all Faber Editions titles: Subscribers get a book in the post each month for just £9 alongside a curated email with exclusive extra content about the book and its author. https://tr.ee/DsDYp5Books & Authors DiscussedThe Tin Drum — Günter GrassMrs Dalloway — Virginia WoolfUlysses — James JoyceThe Forged Coupon — Leo TolstoyPerfection — Vincenzo LatronicoAmerican Psycho — Bret Easton EllisActs of Desperation — Megan NolanOrdinary Human Failings — Megan NolanFilms/TV Shows DiscussedJeanne Dielman, 23 Quai du Commerce, 1080 Bruxelles — dir. Chantal AkermanPlaytime — dir. Jacques TatiThe White Ribbon — dir. Michael HanekeFrozen Land — dir. Aku LouhimiesBiosMegan Nolan is an Irish writer based in New York. Her most recent novel is Ordinary Human Failings (Little, Brown and Company, 2024), chosen as one of the best books of the year by The Guardian, The Times, and Sunday Times. It was shortlisted for the Orwell Prize for Political Fiction, the Nero Prize for Fiction, The Gordon Burn Prize, The Royal Society of Literature Encore Award, and longlisted for the Women's Prize. Her debut novel, Acts of Desperation (Little, Brown and Company, 2021) was an international bestseller, and was chosen as a best book of the year by Time. Nolan was also among The Observer's Best Debut Novelists of 2021.Ella Griffiths is Faber's Head of Classics & HeritageAdam Biles is Literary Director at Shakespeare and CompanyListen to Alex Freiman Spotify: https://open.spotify.com/artist/3dbKbpFyqPbklwEdeLYYZR?si=Q5vy9KkRTrqf1BqU1v33cg Insta: @alex.guitarfreiman Hosted on Acast. See acast.com/privacy for more information.

“Religious thinkers have differed about this.  Some have insisted there are seven, but Faber sang of the ‘God of a thousand attributes,' and Charles Wesley exclaimed, ‘Glory thine attributes confess, Glorious all and numberless.'True, these men were worshiping, not counting; but we might be wise to follow the insight of the enraptured heart rather than the more cautious reasoning of the theological mind.  If an attribute is something that is true of God, we may as well not try to enumerate them.” A.W. Tozer, The Knowledge of the Holy

Preacher: Jason Faber

¿Hasta qué punto un pueblo forma parte de quienes somos?En este último viaje de Y tú, ¿de quién eres? recorremos cuatro lugares y cuatro historias muy diferentes: Manuel Carrasco, León Felipe, Cecilia Böhl de Faber y Lucas de Sancho.Cuatro vidas, cuatro pueblos y cuatro maneras de llevar un lugar siempre contigo. Descubre el último capítulo de Y tú, ¿de quién eres?

¿Hasta qué punto un pueblo forma parte de quienes somos?En este último viaje de Y tú, ¿de quién eres? recorremos cuatro lugares y cuatro historias muy diferentes: Manuel Carrasco, León Felipe, Cecilia Böhl de Faber y Lucas de Sancho.Cuatro vidas, cuatro pueblos y cuatro maneras de llevar un lugar siempre contigo.Descubre el último capítulo de Y tú, ¿de quién eres?

Interview recorded - 17th of August, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Marc Faber. Marc is a well known contrarian investor & the Editor and Publisher of the “Gloom, Boom & Doom Report”.During our conversation we spoke about his overview of the economy, the K shaped economy, market manipulation, whether we've reached a peak, geopolitical risks, protecting wealth and more. I hope you enjoy!0:00 - Introduction1:05 - Overview of the economy and markets?4:13 - K shaped economy7:04 - Manipulation8:45 - AI bubble13:27 - Record leverage15:15 - Market peak?20:12 - How to fix the economy?25:29 - How to protect money27:05 - Geopolitical risk31:35 - The new system34:11 - Underappreciated assets36:50 - One message to takeaway?Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities.He is also the author of several books including “TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW'S GOLD” was for several weeks on Amazon's best seller list and has been translated into Japanese, Korean, Thai and German.Dr. Faber is also a regular contributor to several leading financial publications around the world.A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.Marc Faber -Website - https://www.gloomboomdoom.com/Twitter - https://twitter.com/gloomboomdoom?lang=enLinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hkWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Hoe laat je een film omgeving zó echt voelen dat je er als kijker in verdwijnt? Production designers Nina Spiering en Romke Faber beginnen niet achter een tekentafel, maar met luisteren, onderzoek doen en de straat op gaan. Voor hun eerste gezamenlijke project, In het niets, doken ze in de geschiedenis van de Bijlmerramp. Ze gingen de wijk in, spraken met mensen die de ramp hadden meegemaakt en bouwden een appartement om tot filmset. Nina ging er zelfs wonen om het gevoel van de plek echt te begrijpen. En dan kan er zomaar een buurman voor de deur staan met een stuk van een vliegtuig uit de ramp, dat uiteindelijk in een museum belandt. Maar voor een fictief verhaal werkt het weer heel anders. Dan bouw je samen met de regisseur een nieuwe geschiedenis. Soms zit die in grote decorstukken, maar vaak juist in details die je als kijker nauwelijks bewust ziet. Wat maakt Nina en Romke zo'n goed team? Waarom moet iets vooral ‘gevoelsmatig kloppen'? En hoe zorg je ervoor dat een omgeving bijna een personage op zichzelf wordt? Luister het hele gesprek en ontdek hoe Nina en Romke werelden bouwen waarin je als kijker volledig kunt verdwijnen.

Fire the Whole Investment Team: Meb Faber on 250 Years of American Compounding and Why CalPERS Can’t Beat a 60/40 allocation https://youtu.be/9lBYkG4J2sY A dollar invested in the U.S. stock market in 1800 is worth roughly $200 million today, and Meb Faber says the giant pension funds paid to beat that kind of compounding usually can’t. In this episode of Wealth Actually, Frazer Rice talks with Meb Faber, co-founder and CIO of Cambria Investment Management and host of The Meb Faber Show, about his new coffee-table book Investing in America: The Rise of a 250-Year Bull Market, the shareholder yield thesis behind Cambria’s ETF lineup, and his long-running public campaign arguing that CalPERS and other giant institutional pools routinely fail to beat a simple, low-cost buy-and-hold portfolio. https://open.spotify.com/episode/4WmnPm3GN8jwQtJuCVV9XG?si=nLLcz8y8RSuydORA5_ZHGQ Key Takeaways America is, in Faber’s words, the greatest compounding machine in history. He puts a dollar invested in U.S. stocks in 1800 at roughly $200 million today — a number he uses to reframe how clients should think about staying invested through wars, depressions, and pandemics. The book’s origin story starts with meme stocks. Faber says COVID pulled a new generation of retail investors into the market through gamified trading apps, and he wanted to hand them a historically grounded alternative to day-trading and zero-day options. Diversification is older than the country itself. Faber traces the concept back to 15th- and 16th-century joint-stock voyages — the Mayflower and the Virginia Company among them — where spreading capital across many risky expeditions let “merchant adventurers” survive when any single ship was lost. Shareholder yield, not dividend yield, is Cambria’s core factor. Since the S&P 500’s dividend yield now sits near an all-time low of 1.04%, Faber argues the real signal is cash dividends plus net buybacks — net of the dilution from stock-based compensation that quietly erodes shareholders’ ownership every year. Faber’s CalPERS critique boils down to one line: “the returns are not bad, they’re just not good.” He’s built an entire body of work, including Cambria’s ENDW endowment-style ETF, arguing that giant pools with virtually unlimited access to managers still can’t consistently beat a disciplined global 60/40. Complexity is often the enemy, not the edge. Faber contrasts investing with almost every other field of expertise: hiring the best doctor or coach nearly always helps, but hiring the most sophisticated (and expensive) money manager frequently doesn’t. Illiquidity has a way of showing up at the worst possible time. Faber points to endowments getting caught upside down in 2008–2009 and to more recent leveraged blowups as the same lesson repeating: over-lever a portfolio and you’re out of chips at the poker table. The real accountability gap is career incentives, not investment theory. Faber contrasts Yale, which gets a pass for strong long-term results, with Harvard’s endowment, which he says has underperformed for two decades without anyone losing their job over it — a dynamic he says maps directly onto UHNW family governance. Timestamps [00:00] Cold open — CalPERS CIOs vs. UK prime ministers [00:29] Show open and disclaimer [00:54] Welcome: Meb Faber, Cambria, and the new book [02:07] The $76 price tag and the 1776 joke [03:13] Genesis of Investing in America: COVID, meme stocks, and joint-stock voyages [06:33] The most surprising find: Ben Franklin’s “Mind Your Business” motto [09:09] Argentina vs. the U.S. — what actually drove American exceptionalism [12:47] Cambria today: the shareholder yield thesis [17:46] Why politicians target buybacks instead of stock-based comp [20:54] The CalPERS critique begins [21:34] The Ivy Portfolio, the ENDW endowment ETF, and year-one results [25:45] The Nevada pension comparison and the liquidity-complexity pushback [26:56] Institutional blowups, Harvard’s endowment dysfunction, and misaligned incentives [29:36] The “anti-Switzerland of asset management” bit [31:16] Close: where to find Meb, Cambria, and the book Pull Quotes “No, no, no, no, Frazer — it is $76, in honor of 1776.” — Meb Faber “A dollar would be worth roughly $200 million today… despite wars and depressions and pandemics and everything else terrible that’s happened in the history of the world, this relentless compounding is such a fun story.” — Meb Faber “There are dividend funds in the U.S. today… whose actual dividend yield is lower than their management fee. A negative net dividend yield — an astonishing statistic in 2026.” — Meb Faber “Who’s had more turnover in the past 10 years — CalPERS CIOs or UK prime ministers? Both totally dysfunctional. I think CalPERS has a slight edge, but it’s close.” — Meb Faber “I’m the anti-Switzerland of asset management.” — Meb Faber About the Guest Meb Faber is co-founder, CEO, and Chief Investment Officer of Cambria Investment Management, an independent, privately owned advisory firm built around quantitative asset management and alternative investment strategies (BusinessWire). He hosts The Meb Faber Show, one of the most widely followed investing podcasts, and is the author of eight books, including The Ivy Portfolio, Global Asset Allocation, Global Value, Shareholder Yield, and now Investing in America: The Rise of a 250-Year Bull Market — his first coffee-table book, released to coincide with the U.S. semiquincentennial (Curzio Research). Proceeds from the book go to charities that fund investment accounts for Americans born in the country. A ninth book, The Awesome Portfolio, is slated for release on September 8, 2026 (Meb Faber on X). Contact Meb Faber & Cambria Cambria Investment Management: cambriainvestments.com Cambria Funds: cambriafunds.com Meb’s blog, podcast & research: mebfaber.com The Meb Faber Show: themebfabershow.com Twitter/X: @MebFaber Book — Investing in America: available on Amazon, Barnes & Noble, and signed via Pages bookstore in Manhattan Beach, CA (Acquirer’s Multiple) Cambria Funds Mentioned Shareholder Yield suite (SYLD, FYLD, EYLD, plus small-cap and large-cap variants) — cash dividends plus net buybacks plus net debt reduction, divided by market cap (MarketWatch) GVAL — Global Value ETF screening the cheapest quartile of roughly 45 country markets by long-term valuation (Cambria — GVAL) TAIL / FAIL — U.S. and global ex-U.S. tail-risk ETFs pairing short-term Treasuries with a rolling ladder of out-of-the-money S&P 500 puts (Cambria — TAIL) Trinity Portfolio (TRTY) — roughly half buy-and-hold, half trend-following across a basket of other Cambria funds (Cambria — Trinity Portfolio) ENDW — Cambria’s endowment-style ETF, discussed on the show as roughly $150–180 million at launch and referenced later in conversation as having grown toward roughly $5 billion in assets with more than 100,000 investors (MebFaber.com) The CalPERS Critique — Further Reading 9 Institutions Can’t Beat a Basic Buy-and-Hold Allocation — MebFaber.com How California’s $450B Pension Fund Misses the Basics of Investing — YouTube Should a Robot Be Managing CalPERS’ Portfolio? — MebFaber.com, 2015 Index Funds vs. Ivy League — MarketWatch/Barron’s Streetwise CalPERS: America’s Misled and Misleading Pension Leader — Retired Public Employees Association CalPERS Section II Performance Tables (2026) — CalPERS.ca.gov Reducing the Noise of AI Investing – FrazerRice.com Frequently Asked Questions How much would a dollar invested in the U.S. stock market in 1800 be worth today?Meb Faber says roughly $200 million, using the figure to illustrate how relentless compounding has powered through wars, depressions, and pandemics over the country’s history. It’s an illustrative, back-of-envelope estimate rather than a precise index calculation, since standardized stock indexes didn’t exist in 1800. Why is Meb Faber’s new book priced at $76?It’s a nod to 1776 and the country’s founding, timed to the U.S. semiquincentennial. All proceeds go to charities that fund investment accounts for Americans born in the country. What is shareholder yield, and how is it different from dividend yield?Shareholder yield is cash dividends plus net stock buybacks (net of new share issuance, particularly from stock-based compensation), divided by market cap. Faber argues it captures real capital return to shareholders better than dividend yield alone, especially now that the S&P 500’s dividend yield sits near an all-time low of about 1.04% and share buybacks have outpaced dividends every year since the late 1990s. What is Meb Faber’s argument against CalPERS and other large pension funds?Faber’s recurring claim is “the returns are not bad, they’re just not good” — that giant institutional pools with access to virtually any manager on the planet still fail to consistently beat a simple, low-cost, diversified buy-and-hold portfolio, once fees and complexity are accounted for. Cambria launched an endowment-style ETF (ENDW) partly to make this a live, ongoing comparison rather than a hypothetical one. What is Cambria’s endowment-style ETF and how does it compare to institutions like CalPERS?ENDW replicates a Yale/Swensen-style endowment allocation — global stocks, global bonds, and real assets like gold, TIPS, and REITs — in a low-cost ETF with an all-in expense under 25 basis points. Faber uses it as a running, real-time benchmark against actual endowment and pension performance reported each fiscal year. Why does Meb Faber say complexity is often the enemy in investing?Unlike most fields, where more resources and the best available experts reliably produce better outcomes, Faber argues that in investing, more complexity and more access to exotic managers frequently doesn’t translate into better returns net of fees — and often just adds cost and illiquidity risk. What lesson does Meb Faber draw from institutional blowups and the 2008–2009 crisis?Endowments that mark their portfolios only once a year got caught badly offsides in 2008–2009, with illiquid positions falling even further than public markets. Faber sees the same pattern recur whenever a fund over-levers and gets forced out of the game — a basic failure of position sizing and situational awareness that keeps repeating at the highest levels of finance. Full Transcript [00:00] Cold Open (produced VO): I said, who’s had more turnover in the past 10 years — CalPERS CIOs or UK Prime Ministers? Both totally dysfunctional. And I think CalPERS has a slight edge, but it’s close. Meb Faber suggested that CalPERS should fire its entire investment team, and that complexity has become a major headwind to their ability to generate returns. Find out more on this episode of Wealth Actually. We’re also going to talk about Meb’s new book, which argues that America is one of the greatest compounding machines in the history of capitalism. [00:29] Show Open (produced VO): Welcome back to the Wealth Actually podcast — the show that features experts, entrepreneurs, and commentators who give you the right knowledge, planning, and guidance so you can preserve your assets and enjoy your wealth. Learn more and subscribe today at WealthActually.com. This podcast is for educational and entertainment purposes. It is not investment, legal, or tax advice. It does not represent the opinions of the employers of the host or guest. [00:54] Frazer Rice: Welcome back. Meb Faber is on the show. He founded Cambria Investment Management, which is a $4 billion ETF group. He also has The Meb Faber Show and does a lot of different writing. He’s famous for being on Twitter and taking on CalPERS. But most importantly, he has a new book out talking about America as a great compounding machine. It’s a lot of fun to have him on. Welcome aboard, Meb. [01:16] Meb Faber: My man, great to be here. Frazer Rice: Oh, thank you for being on. I thank you beforehand for including a piece of my writing in one of your old compendiums on best investment writing. I’ve never forgotten that, so thank you again. Meb Faber: Well, good job making the cut. Frazer Rice: Yeah, right, exactly. I passed the audition. Seen you a few times on The Idea Farm here and there over the years. Meb Faber: Yep. As I tell people with my girlfriend, I met expectations in my recent review, so we’re onto the next year. Look, key to life, Frazer — investors, we’re in a bull market, everyone expects 15% returns forever. Key to investing in life: just low expectations. That’s it. Set your expectations low, and you’ll be pleasantly surprised every day. Don’t lose principal over time — that’ll get you pretty far in life. [02:07] Frazer Rice: So anyway, you’ve got a new book out too, which I thought was pretty cool. I love the fact that you priced it at $17.76 and really focused on the— Meb Faber: No, no, no, no, Frazer — it is $76, in honor of 1776. Now to be clear, we don’t make any money on this book. We’re donating all the proceeds to the Invest America charities that fund accounts for Americans born in this country — a wonderful charity, big supporters of it. Frazer Rice: But yes, in honor of the country’s founding. This is why we have you all to make sure I get that stuff right. But the concept of America as the best compounding machine ever — I think that’s really interesting. First of all, what prompted you to get involved with putting this book together? You’ve written before — seems like you’ve been busy with other stuff, of course — but then you came back and decided this was a good topic to take on. What was the genesis of the book? [03:13] Meb Faber: Yeah, so this is my eighth book, and the first coffee-table book we’ve ever done. People were saying, “What the hell, $76? Are you guys crazy?” Look — this is a beautiful 200-page book. There’s probably 70 pictures, charts, tables. And the concept is in the subtitle: Investing in America: The Rise of a 250-Year Bull Market. And the origin story goes back to COVID. Nobody had anything to do — sports stopped, you couldn’t go to the beach. So people were sitting around, and Americans — look, they’re gamblers, they’re risk-takers, we know that. And I said, we can’t do anything about that. So this entire generation of young people turned their attention to the stock market, and we got meme stocks. Today that’s evolved into prediction markets and zero-day options and all sorts of other nonsense. We wanted to grab those young people and say, “No, you don’t understand — the real story is better than any of this. You don’t have to day-trade. You don’t have to bet against the casino and lose.” So we said, let’s do this history since the founding of our republic — what it would have looked like if you could invest from 1800. And the compounding math is so fantastical it seems wrong. A dollar invested in 1800 — and yes, I know there were no indexes back then, chill out, people — but just to be instructive, a dollar would be worth roughly $200 million today. The point is you get on this train despite wars and depressions and pandemics and everything else terrible that’s happened in the history of the world — despite all that, this relentless compounding is such a fun story. On top of that — the founding of our country, and a lot of people don’t know this: when you learn the history of America in elementary school, you learn about the immigration, particularly from Europe, people escaping religious persecution, seeking a better life through freedom — the Mayflower, all that. All true. But what they leave out is that most of these explorations and voyages were funded by companies. Back then they called them joint-stock companies; today we call them companies, LPs, C-corporations — corps, right, partnerships. Because the reality, going back to the 15th century, is that if you’re sending a ship to the New World to find gold, that ship could sink, or there were pirates — you’d lose all your money. So this brilliant invention we call diversification today has been around for hundreds and hundreds of years. These companies said, it’s risky to invest in one voyage, but you can own part of a company that invests in 10 or 20 or 30 of these, and maybe one of them will hit. That sounds like venture capital. They used to call these people “adventurers” or merchant adventurers. Hudson’s Bay, the Mayflower voyage, the Virginia Company — many of them failed, many didn’t make money, but some made spectacular profits. It’s a fun origin story that hasn’t really been told about these early entrepreneurs and risk-takers, who honestly still permeate our culture to this day. [06:33] Frazer Rice: In putting the book together, what was the most surprising chart you found that you ended up including? [06:41] Meb Faber: There’s a lot of fun historical statistics in the book. One of my favorite parts of writing it was buying — I don’t know, 50 or 100 financial history books I’d never heard of, books on financial crises globally from various markets. We just had an author on the podcast talking about the global financial crisis of 1873, and on and on — you learn so much. One I love telling people, especially young people — my son or his friends — is: look at a dollar bill or a quarter, and I ask, what’s the motto on there? Well, that used to not be the motto. Ben Franklin, back in the day, the motto on the Fugio cent used to say “Mind Your Business” — which I thought was amazing. And it’s not “mind your business, kid” in the nosy sense — it’s more like, mind your (own) business. It had a sundial on it, too: time is short, mind your business. I thought, let’s go back to that — such a great motto. A bunch of little fun stories, but to me one of the big takeaways of the book is: as a public stock investor, the news is always negative. You turn on CNBC, Bloomberg, pull up your phone, social media — negative, negative, negative, negative. It’s hard to sustain conviction. Look, we haven’t been through a big bear market in 17 years, but when you’re down 30%, 40%, 50%, and you’re reading “Lehman’s going under” and all these crazy headlines — the book lets you zoom out. Each chapter zooms into a decade and then zooms back out and says, okay, 1930s, Great Depression, you lost 80% in stocks — but guess what, here’s your return over the next 50 years. Even over a 20-year period, large-cap stocks become less volatile than bonds, which is an amazing takeaway. Being able to zoom out and say, “I’m a long-term investor, why am I even concerning myself with day-to-day negativity” — that shift in mindset is really important, because when you zoom out, you can barely even see 1987 on a long-term chart of the stock market. I think it’s a useful thing to send to clients, particularly at year-end if you’re a financial advisor. We’ve got big discounts if you buy 50 books online — send it to clients and say, hey, stop going crazy, this too shall pass. [09:09] Frazer Rice: One thing I always have in my mind — I don’t remember if this is exactly true, but Argentina and the US were on roughly equal economic footing back around 1900. When you were putting this together, did you see anything in the US’s political climate or structure — the things that gave it tailwinds to go from 1900 through to now with this rocket-ship growth — versus a country like Argentina, similarly situated, that just muddled along economically? Was there anything in particular that you saw that codified American exceptionalism? [09:51] Meb Faber: Yeah, you’ve got to remember, the US was an emerging market too, for a long period. We didn’t always hold the crown as the largest economy or the largest stock market in the world. The US is two-thirds of world market cap today — astonishing. But if you and I were sipping tea back in 1800 or 1900 and betting on what country would dominate the next century, you’d have gotten a whole host of different answers. That’s part of the fun of this book — you realize, when things got started in Amsterdam in the 1600s, they held the crown, but not forever. It shifted to London, then eventually to New York. And in our own lifetimes, the US wasn’t always the largest stock market — Japan was, in the 1980s. It’s a useful construct: look how much things change. Not even just on a country level — sectors too. Go back 100 years and you’re like, wait, where are the tech stocks? It was railroads. Go back another 100 years and it’s, wait, where are the railroads? There weren’t any — it was banks and insurance. The constant is always change and creative destruction. The big takeaway is you have to be an owner. This ownership mentality is particularly pervasive in the US. Talk to people in Sweden, Europe, Asia, Latin America — they own far fewer stocks than Americans do. Ask what they invest in, and it’s cash in the bank, real estate, maybe. There’s something in the water here. Same thing with entrepreneurship — talk to Americans about failure, and there’s no shame in it here. It’s almost celebrated; we cheer for it. The only thing we like seeing more than someone fail is their eventual rise after failure — the phoenix. There’s a lot of big takeaways in that. It feels like the last 17 years, the US is just going to dominate forever. We wrote a paper called The Bear Market and Diversification a few years back about how special this period has been for US stocks, crushing everything else — but it’s not totally without precedent. In the last hundred years it’s happened three other times where 10-year rolling stock returns hit 15%: the 1920s (the Roaring Twenties), the Nifty Fifty period in the mid-20th century, and my favorite bull market, the late 1990s. And now again today — COVID, meme stocks, the AI boom, whatever you want to call it. Eventually the good times don’t last forever; you probably shouldn’t expect 15% returns to the moon. But pat yourself on the back and celebrate it — it’s been a very special run. [12:47] Frazer Rice: Day-job-wise, at Cambria you’ve got a whole host of different investment theses that you build vehicles around. One that’s gotten my attention, and that I really like the idea of, is the shareholder yield concept — especially the global shareholder yield concept, for the reasons you just described, coming off a very long cycle of US exceptionalism in the stock market. I like the idea of cash flow as an indicator of good investment performance, and diversifying both within and outside the US. With an asterisk here that this is not investment advice, everyone — take us through what you’re thinking on that front, and what else you’re up to at Cambria that’s interesting in the investment ecosystem right now. [13:35] Meb Faber: Sure. It’s kind of crazy, Frazer, but we hit our 20-year anniversary this year, which feels like just yesterday when I started the company. Some of the shareholder yield funds — we now have three with over a 10-year track record, and our oldest, SYLD, is a pesky teenager now. What do you expect out of teenagers? More volatility — hopefully up volatility, not down. We wrote a book on this topic 10, 15 years ago, and a new second edition is out — it’s free online as an ebook, listeners, you can get it from the blog. The subtitle of the book is Shareholder Yield: A Better Approach to Dividend Investing — a pretty bold claim, given there are hundreds of dividend-type funds out there: dividend income, dividend growth, equity income, on and on. Our thesis was that there’s something the entire marketplace hadn’t noticed or appreciated: the rise of share buybacks. Starting in the late ’90s, share buybacks have outpaced dividend distributions in the United States every year. In fact, the US dividend yield on the S&P 500 is at an all-time low of 1.04% — it may cross below 1% for the first time ever, which is astonishing. Our thesis was that a shareholder yield approach — simply cash dividends plus net stock buybacks — outperforms, historically, any dividend strategy you can construct. The “net” matters because it accounts for share issuance, particularly stock-based compensation to the C-suite, which is everywhere in the US — my home state of California’s tech companies love to “make it rain” with stock-based comp. The problem is the average US stock is a diluter: your ownership share goes down every year because they keep issuing more shares. We’ve since demonstrated this in real time across SYLD, FYLD, EYLD (the emerging-market version), and now small-cap and large-cap variants — they’ve done exceptionally well. These funds effectively target a Buffett-like, value-and-quality approach: the average stock coming into the portfolios has roughly a double-digit shareholder yield. Let that sink in — there are dividend funds in the US today, ETFs and mutual funds, that claim to be high-yield or dividend-income funds whose actual dividend yield is lower than their management fee. A negative net dividend yield — an astonishing statistic in 2026. In the US, that shareholder yield is mostly driven by buybacks. In foreign developed and emerging markets, it’s closer to 50-50 — those markets still have more of a culture of cash dividends, so you’ll see yields there closer to 5-6%. But that’s changing, and changing fast. We did a blog post recently calling the UK the “buyback capital of the world” — the UK, China, Japan, and a bunch of other countries have hockey-sticked higher on this. It’s spreading globally, this idea of corporate responsibility: “my stock’s at half of book value, maybe we should consider buybacks.” There’s so much mythology around stock buybacks — we could do a whole podcast on it — and we try to tackle it in the book. Hopefully it’s like a red pill: once you take it, it’s hard to look at investing the same way again, because it feels like you were missing a major piece of the puzzle. [17:46] Frazer Rice: How infuriating is it when the Warrens of the world take aim at buybacks? It feels like an economically illiterate, and certainly politically driven, approach to legislating. To put the clamps on a genuinely useful capital allocation tool — I just don’t understand it. You must look at that and want to shake people and say, you’re missing the point, and you’re not even really targeting the abuses that exist. [18:20] Meb Faber: Well, I try not to be too dismissive of our lovely politicians — the joke I always make is, don’t look down on them, they weren’t taught finance and investing in school either. We don’t teach money and investing in school, and that’s sort of my white whale — I think we should be teaching it as early as elementary school, just basic classes on money. The good news is, roughly a quarter to a third of high schools are now requiring at least one class on the topic. What they’re actually targeting, I think somewhat thoughtfully underneath it, is executive compensation and stock issuance — which is the crazy part, because buybacks are the flip side of that. If a company is consistently loading up its CEO with options and diluting shareholders, and using buybacks to mop that dilution up — that’s what they’re really targeting, but it’s not the buyback itself. It’s the stock-based comp. Buybacks are the exhaust; that happens down the road. The cool part about our methodology is we’re only targeting companies trading at something like 80 cents on the dollar. Buffett is my favorite example here — Berkshire has never paid a dividend, and you might think that’s crazy, but he understands this better than anyone. He’s been writing about buybacks since the 1980s. There’s a great quote from an old Berkshire annual report where he says there’s no better use of cash than buying back your own shares when they’re trading below intrinsic value. Berkshire has bought back a ton of stock over the past several years — smart — they say they’ll buy back at 1.2 times book or below and run a valuation screen. There’s a great, somewhat surprising, takeaway in the book: there’s a myth that CEOs are megalomaniacs who just buy back stock whenever they think it’s expensive or cheap, but if you model it out historically, companies doing big buybacks (say, to retire 5% of market cap) tend to trade at a valuation discount to the market, and companies doing share issuance tend to trade at a valuation premium. There’s a real valuation arbitrage going on — CEOs aren’t dummies. That’s part of what you’re capturing with a shareholder yield approach, as long as it’s consistently recycled. And remember, a buyback is optional — there has to be someone willing to sell into it, so there are always two sides. [20:54] Frazer Rice: Let’s talk about one of my favorite parts of your persona, honestly — your fun critique of CalPERS and what large institutions do (and don’t do well) in managing money, and the inefficiencies that creep in with these big pools of capital as implementation and asset allocation get very complicated and very expensive. Walk me through your thinking when you first noticed the CalPERS phenomenon, and a bit of the history there. [21:34] Meb Faber: My very first book was called The Ivy Portfolio, and we looked at how top endowments manage their assets — Yale, the late David Swensen. One of the strange things about our world in asset management — almost unique among industries — is the assumption that more resources, more money, more access automatically equals better results. That’s true in almost every other endeavor: get the best doctor, you’re probably better off than with your local doctor; best trainer, best nutritionist, best coach, on and on. Not necessarily true in investing. The longer I’ve been in this business, the more I see complexity as often an enemy. So we love to pick on CalPERS — we’ve written a dozen articles: should CalPERS be run by a robot, should they just fire everyone and buy ETFs? We’ve run the simulations, and in many cases these giant institutions — with $500 billion, hundreds of employees, access to literally any fund on the planet — should be able to beat everyone, but they can’t. A very basic buy-and-hold portfolio can mimic what a lot of these top institutions actually deliver. Eventually I got tired of just talking about it. I’ve applied for the CalPERS CIO job at least half a dozen times — they have an opening every other year, listeners, it’s the most dysfunctional organization. I joked on Twitter the other day: who’s had more turnover in the past 10 years, CalPERS CIOs or UK prime ministers? Both totally dysfunctional — I think CalPERS has a slight edge, but it’s close. I said I’d do the job for free — I’d fire almost everyone and get rid of all the illiquid, high-fee investments. But there’s this entire ecosystem of people incentivized to keep the engine running: private equity consultants and the rest of the “two-and-20” crowd. So eventually we said, let’s make this a real, live contest. We launched an endowment-style ETF, ENDW — roughly $150-180 million in it now — and said every June 30th, once we’re through a fiscal year, we’re going to compare results head-to-head. This ETF has no management fee to speak of, all-in under 25 basis points. Can you beat a low-cost ETF like that? Let’s find out. Sure enough, year one — CalPERS has already reported, and they didn’t do badly, but it was basically like a 60/40 portfolio; you’d have been just as well off doing 60/40 and moving on. Our endowment-style allocation actually replicates the average endowment quite well — a nice global mix of global stocks, global bonds, and global real assets (gold, TIPS, REITs, and so on — that real-assets sleeve is one a lot of people leave out). To get closer to a Swensen-level result, you need a couple more ingredients, in my view: you can approximate something like private equity with small-cap value, and approximate the broader endowment risk profile with a bit of leverage, plus tilts to value, global exposure, and trend-following. We’ll see how year one shakes out once all the endowments report — UNC might actually beat us because they had a huge stake in SpaceX, so congrats to Chapel Hill. But I think year one goes to me, sorry to say, CalPERS. I’m going to be a giant irritant on this for years to come. The cool thing is you now have a genuinely investable benchmark. Every endowment investment committee suddenly has to ask, with real fiduciary teeth: can we beat this low-cost ETF? And if we can’t, what are we even doing — why are we studying all these crazy illiquid partnerships instead of just buying a basket of ETFs and calling it a day? That’s going to be an awkward conversation in a lot of boardrooms. [25:45] Frazer Rice: Two comments on that. First — isn’t there someone in the state of Nevada doing something similar, basically running one of the state pension pools with a team of about three people? [25:51] Meb Faber: Yes — we had him on the podcast. I told him, look, you’re putting your money where your mouth is on this. I won’t do his story justice here, I’ll tell you about it off-air — but it’s a great example that this doesn’t have to be as hard as people make it out to be. Frazer Rice: The second thing is — anytime I’ve talked to people in the industry about this, they come back and say, “yes, we technically have an infinite investing horizon, but we have very rigid liquidity needs, so we need to be complex, because our liquidity needs can shift at any moment.” Meanwhile, on one hand I’m thinking, that complexity doesn’t actually help you with liquidity, as far as I can tell — and on the other, it feels like a bit of a convenient excuse. Do you have a response to that? [26:56] Meb Faber: Oh boy, I’ve got a bunch. The endowments famously got caught upside-down in 2008-2009. They only mark their portfolios once a year, June 30th — I wish we could all do that; maybe we should just tell clients, you’re only allowed to look once a year. They were probably down roughly half in ’08-’09, and the illiquid positions were probably down even more. A lot of them got badly offsides, and I don’t think many of them have fully learned the lesson — if you look at the amount of private allocations still sitting in a lot of these portfolios today, it’s a massive amount. I hope they’ve learned the lesson. We’ll see. But it’s a story as old as time — we just saw a version of it recently with a fund blowup, a basic, one-oh-one level failure of situational awareness and position sizing: you over-lever a portfolio, you get taken out of the game, you lose all your money, and then you’re out of chips at the poker table. You watch these mistakes happen at the upper echelons of finance and wonder how it’s still happening — and the core problem is that the career incentives of the people running the money don’t necessarily match the actual investment problem. Yale gets a pass. When Swensen’s successors hit a rough patch, how long do they get a pass? Because Harvard has been a total mess for the last 20 years — there are entire books written about the Harvard endowment, which used to be the Yale before Yale. The Harvard Crimson ran article after article saying, you’re overpaying people, what’s going on here — and the fund would underperform and nobody would actually lose their job over it. That’s the real problem, and I have some sympathy for how hard it is to fix. You deal with a version of this on the personal client side too, with multigenerational wealth — it’s almost an unsolvable structural problem for a Harvard, an endowment, or a CalPERS, because — take Harvard — you’ve got current students, alumni, future students, professors, the people who work at the endowment itself, all with completely different incentives and interests. It creates a genuinely absurd situation where, in no realistic scenario, should the resulting portfolio look like what they actually end up with. It’s an outright disaster, structurally. [29:36] Frazer Rice: It reminds me of a car designed by committee — you end up with this stitched-together Frankenstein’s monster of a product that was never going to work or sell, and it ends up sinking the company. Meb Faber: Yeah, yeah — a Rube Goldberg machine is not what you need. But there’s a reason our endowment ETF, out of the roughly 20 funds we’ve launched, has gotten the least attention — even though it’s now about $5 billion in assets with over a hundred thousand investors. It’s received the least publicity of any ETF we’ve ever done, because it doesn’t benefit anyone in that whole existing ecosystem — it’s actually a genuine threat to it. I was at an institutional conference up in Santa Barbara, at a wine happy hour, talking to three women who run three of the most famous pension and endowment pools of real money in the country. We’d just launched an endowment-style ETF, and they just stared back at me with these icy daggers. I said, oh, sorry — I’m not really a competitor to you, you should easily be able to beat me, I’m just the table stakes. But I think they realized that’s probably not true — they’re going to have a very hard time beating me, which doesn’t exactly make me anyone’s friend. I’m the anti-Switzerland of asset management. [31:16] Frazer Rice: Meb, how do people find the firm, find the book, find you? [31:24] Meb Faber: With a name like Meb, it’s easy. Cambria Funds is the day job, with the ETFs. Meb Faber is the old blog, podcast, and Twitter presence — you can find that just about anywhere. And if you find yourself in Los Angeles, Manhattan Beach, come say hi. We’d love to hear from you if you pick up a copy of the book, Investing in America — let us know what you think. Frazer Rice: Really cool stuff. Thanks, Meb, for being on. This was a blast — let’s do it again. Meb Faber: Let’s do it. [31:50] Close (produced VO): This podcast is for educational and entertainment purposes. It is neither investment, legal, nor tax advice. It does not represent the opinions of the employers of the host or guests. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

On this episode, guest Tony Faber shares his journey of learning to love his children without trying to control their choices. As a father of nine, Tony has experienced the complexity of family, faith, adoption, and watching children make decisions that differ from his own beliefs. Tony opens up about how recognizing his own need for Jesus changed the way he viewed his role as a parent. Rather than seeing his children as people he must “save,” he began to see them as Heavenly Father's children—people he is called to love, support, and trust God with. Love doesn't require agreement. And letting go of control doesn't mean letting go of hope.Connect with Shiree at imlivinginjoy@gmail.comJoin the⁠ "Just Love Them" Facebook group⁠

Sintonía: "Poppin´ Popcorn" - SOUTH STREET SOUL 1.- "Dancing To The Beat" - CLARENCE MURRAY 2.- "Lonely For You Baby" - SAM DEES 3.- "The Hiccup" - ROBERT PARKER 4.- "Mama, Ain´t A Baby No More" - MARILYN HAYWOOD 5.- "Action Speaks Louder Than Words" - REUBEN BELL 6.- "Do Your Duty" - BETTYE LAVELLE 7.- "There´s A Break In The Road" - BETTY HARRIS 8.- "Grounded Pt.1" - GLORIA TAYLOR 9.- "Nobody" - The JERMS10.- "Shake What You Got Pt. 1" - MR JAMO11.- "I Don´t Worry Myself" - JOHNNY ADAMS12.- "Sticky Sue" - MICKEY MURRAY13.- "Fancy" - ROSALIND MADISON14.- "Having My Glory" - JO JO BENSON15.- "Cornbread Row" - "BIG" AL DOWNING16.- "Soul Ranger" - CLIFFORD CURRY17.- "Soul Butter" - JOHNNY BARFIELD & THE MEN OF S.O.U.L.18.- "Lonely Man" - JOHNNY SOUL19.- "Grab Your Partner And Do Your Own Thing" - BABY AL & THE CAPPS20.- "Motor City Funk Pt.1" - BRIGHT LIGHTSTodas las músicas extraídas de la compilación (1xCD) "The Ace (USA) Story - Volume One" (Ace, 1979-Vinilo- y 2010-CD)Todas las músicas seleccionadas por Klaus FaberTodas las músicas mezcladas por Guillermo Ruíz desde RNE en Madrid Escuchar audio

Preacher: Jason Faber

[1:38] Jesse Faber over Peter Faber [18:48] Dido Michielsen over haar familiegeschiedenis in Indië [50:08] Wat Blijft Lijn: Jerney Kaagman [57:12] Audiodoc: Inge ter Schure over Jacob Lawrence

Et si on ne punit pas on fait quoi ?C'est une question cruciale pour nous, parents.Pour transformer nos relations avec nos enfants et dépasser le rapport de domination, il est essentiel de revoir notre approche et d'apprendre à les écouter. C'est la condition pour qu'ils se sentent libres de nous parler.Cette philosophie est au cœur de la méthode de Joanna Faber et Elaine Mazlish, les autrices du best-seller : Parler pour que les enfants écoutent, écouter pour que les enfants parlent.Roseline Roy, psychologue depuis plus de 30 ans, a introduit cette vision de Faber et Mazlish dans le monde francophone.Elle nous explique aujourd'hui comment opérer un changement dans la relation parent-enfant.Est-il possible de se passer de la punition ?Est-ce possible d'imaginer une autre formule ?Et si oui, c'est quoi le chemin à prendre ?La réponse dans cet épisode… et je vous encourage à partager autour de vous cet épisode pour aider des parents en difficultés, des parents qui ne savent pas par où commencer.Je vous souhaite une très bonne écoute. LIENS UTILES :Parler pour que les enfants écoutent - écouter pour que les enfants parlent, Adèle Faber, Elaine MazlishSite de Faber et MazlishÉpisode 40 : Les ateliers à la parentalité, Anne Partridge- le site de Roseline Roy, ambassadrice de l'approche Faber Mazlish : https://fabermazlish-aep.com- l'annuaire des animatrices/teurs en francophonie : https://rezo.fabermazlish-aep.com/annuaire-des-anim/

Met vandaag: De huidige droogte toont aan dat Nederland beter water moet gaan vasthouden, maar hoe? | Filmregisseur Ate de Jong over de energieke acteur Peter Faber (82) | Catastrofe dreigt voor de honingbij door opmars van de tropilaelapsmijt | Serie 'hits uit 1976': La Ballade Des Gens Heureux | Waarom is Den Haag de perfecte 'coolcation'? | Presentatie: Coen Verbraak.

Dr. Marc Faber editor and publisher of the Gloom, Boom & Doom Report, returns to argue that we are witnessing the first phase of the piercing of the greatest global investment mania. He explains why central bank money printing has inflated asset prices far beyond economic reality — enriching asset holders while ordinary people face a cost of living he estimates is rising 7–12% a year, not the official 3–4%. Faber walks through the cracks already visible: collapsing commercial property values, falling home prices, meme stocks and SPACs that never recovered their 2021 peaks, a narrowing market advance, the semiconductor unwind, and the speculative blow-off in Korea. He argues the 10-year Treasury should yield at least 6.5%, that the Fed should have been hiking rather than cutting, and that the US may already be in recession. With interest costs on federal debt above $1 trillion a year, he says more money printing isn't a choice but an inevitability — and warns that bubbles typically end with the revelation of a massive fraud. His advice is blunt: this is not a market for making money, it's a market for losing the least. He makes the case for broad diversification across cash, bonds, precious metals, and real estate, explains why he refuses to own index funds, shares why Thailand is his largest position, and closes on gold, hyperinflation, and why he thinks the price should already be far higher.Thank you to our partners Augusta Precious Metals — To learn more, visit https://juliabuysgold.com/ or text “Julia" to 35052Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links:The Gloom, Boom & Doom Report: https://www.gloomboomdoom.comTimestamps:00:00 Intro: Marc Faber returns01:06 The macro picture: money printing and record wealth inequality03:33 Why capitalism made the world rich, and who got left behind05:21 The stock market is in the sky, but ordinary life isn't06:58 First signs the investment mania is being pierced07:35 Why printed money doesn't lift everything at once09:55 Commercial and residential property prices roll over10:45 Meme stocks, SPACs, Mag 7 and the semiconductor unwind11:30 Korea: the biggest bubble nobody's talking about12:15 The missing link: a massive fraud is coming13:48 Nominal vs real: how money printing masks the damage14:45 Real inflation is 7-12%, not 3-4%15:49 Where rates should be: 6.5% on the 10-year16:27 Government debt, $1T interest, and why the deficit can't shrink17:56 The situation is hopeless18:39 Where Faber puts his own money20:20 More money printing is inevitable21:27 Assessing Kevin Warsh at the Fed22:33 The Fed should have hiked, and the US is already in recession23:23 Intervention and the death of free markets25:52 The contrarian bond call and the case for diversification28:17 The government has become the mafia28:42 Why a debt crisis is unavoidable29:55 Sell early, but where do you hide?31:34 Thin ice: why ordinary people are forced to speculate31:59 Affordability at the worst level ever32:25 The passive investing problem35:10 Index concentration vs the other 493 stocks36:13 Lessons from 1987: down 21% in a single day37:26 One year from now: a lot of people will lose a lot of money38:35 Hong Kong war stories: the traders who lost everything40:11 The contrarian buy: Thailand, the failed state41:30 Food self-sufficiency, safety, and life in Asia43:56 Where to find his work45:11 Gold, and why he says it should already be $100,00046:07 Hyperinflation, Zimbabwe, and central bank role models

Is Speaker Johnson Protecting an Accused Wife Beater and Child Abuser While Senator Bernie Moreno Attacks Dr. Fauci But Does Not Defend the Victim, His Own Daughter? backgroundbriefing.org/donate twitter.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social linktr.ee/backgroundbriefing

“ESPECIAL Apariciones marianas y otras damas sobrenaturales (Jesús Callejo), Los fantasmas de la cripta de Bellas Artes (Manuel Blasco)”. Reposición del programa Nº 547 de "Voces del Misterio" emitido el 26 de Julio de 2017. Programa de Verano de “Voces del Misterio” en el que, todo un maestro en el mundo del misterio y la divulgación, el escritor e investigador Jesús Callejo, nos habla de un tema apasionante: "Apariciones marianas y otras damas sobrenaturales". Con una gran cantidad de datos y documentación que te sorprenderá. Jesús Callejo analiza algunos de los casos más sorprendentes relacionados con las supuestas apariciones marianas. Testimonios, mensajes proféticos, fenómenos inexplicables y sucesos que marcaron profundamente la Historia y la fe protagonizan un fascinante recorrido entre espiritualidad, misterio y tradición. Para terminar, nuestro compañero Manuel Blasco, de 'Andalucía Paranormal' nos habla de la investigación que han realizado en la cripta de la Facultad de Bellas Artes de Sevilla, el Panteón de los Sevillanos Ilustres bajo la Iglesia de la Anunciación y la aparición de Cecilia Bohl de Faber, 'Fernán Caballero'. Dirigido por José Manuel García Bautista. Audio perteneciente a la anterior etapa en "Sevilla FC Radio". RECORDAROS que este PODCAST NO es el OFICIAL del programa “Voces del Misterio”. Para comentarios sobre los temas tratados y/o las opiniones de los colaboradores, podeís contactar directamente con el programa a través de su web (https://www.vocesdelmisterio.com) o el correo electrónico: "vocesdelmisterio@gmail.com". PARANORMALIA: https://paranormaliaweb.github.io/ (WEB), https://www.facebook.com/paranormaliaweb/ (Facebook) y https://x.com/paranormaliaweb (X).

Preacher: Jason Faber

Cientos de inmigrantes marroquíes y argelinos entran a nado en Ceuta, sumándose a los 1500 de la última semana, lo que lleva al presidente ceutí a pedir la emergencia nacional. Los incendios forestales evolucionan positivamente en Castellón, con seis municipios regresando a casa, aunque ocho de la Sierra de Espadán permanecen evacuados. En Zamora, catorce localidades siguen desalojadas. La Guardia Civil alerta sobre estafas para damnificados. La crónica negra aborda el asesinato de Portnov, asesor de un expresidente ucraniano, en Pozuelo de Alarcón. La investigación lleva a la detención de un hermano Azizov, traficante de armas, en Alemania, tras una planificación de un año. En cultura, se profundiza en Cecilia Böhl de Faber, Fernán Caballero, escritora de origen alemán que usaba seudónimo masculino. Su novela "La Gaviota" introduce el realismo en España y genera controversia. Se destaca su vida y su contribución al patrimonio. Finalmente, se analizan los helados: el gelato es la ...

Season 14 and we're JUST NOW doing an episode on the foot fetish?! It's about time! DB talks with Adam Zmith, author of "Solemates: A History of Our Fetish for Feet", about why so many people love feet. This fetish, kink, and interest has such a rich history and some fun statistics that might shock you like they shocked us. IN THIS EPISODE: Adam Zmith's book "Solemates: A History of Our Fetish for Feet"; Adam Zmith's book "Deep Sniff A History of Poppers and Queer Futures"; foot strokers; sensation play: the Shakti Wonderball, accupressure mats, the Little Ouchies stim toy, and ticklers wherever you get your sexy accessories; Listen to the Sex and Psychology Podcast here to go to an episode we love on your podcast app of choice! ABOUT OUR GUEST: Adam Zmith is a writer and multi-format producer. He is the co-author, with Tash Walker, of The Log Books: Voices of Queer Britain and the Helpline that Listened (published by Faber in Jan 2026). His earlier book, Deep Sniff: A History of Poppers and Queer Futures, won the Polari First Book Prize. He writes theatre shows, talks and podcasts, including Audible's Press Play Turn On which won Podcast of the Year at the British Podcast Awards 2024. He runs a company that makes podcasts and culture, called Aunt Nell. TAKE OUR SMUT QUIZ: Find your page-turning turn-on with our new SMUT QUIZ! In just 5 questions, you'll get right to the good stuff with curated pages, poems, and audios. No slow burn. No fluff. Just pleasure.; Take the quiz here: https://sexedwithdb.fillout.com/smutquiz  ASK AN ANONYMOUS SEX ED QUESTION: Fill out our anonymous form to ask your sex ed question. ABOUT SEX ED WITH DB: Sex Ed with DB is your go-to podcast for smart, science-backed sex education — delivering trusted insights from top experts on sex, sexuality, and pleasure. Empowering, inclusive, and grounded in real science, it's the sex ed you've always wanted. Season 14 of Sex Ed with DB is ALL ABOUT PLEASURE! Solo pleasure. Partnered pleasure. Orgasms. Porn. Queer joy. Kinks, sex toys, fantasies -- you name it. We're here to help you feel more informed, more empowered, and a whole lot more turned on to help YOU have the best sex. GET IN TOUCH: Email: sexedwithdb@gmail.com CONNECT WITH US: Instagram: @sexedwithdbpodcast; TikTok: @sexedwithdb; Threads: @sexedwithdbpodcast; YouTube: Sex Ed with DB; X: @sexedwithdb SEX ED WITH DB SEASON 14 SPONSORS: Uberlube, Magic Wand, Nancy, and Happy V. Get discounts on all of DB's favorite things here! DISCOVER SEX POSITIVE EVENTS IN YOUR CITY: Subscribe to our newsletter for S.E.X I.R.L: your curated monthly list of sex-positive events, spaces, and experiences happening in person across major cities. FOR SEXUAL HEALTH PROFESSIONALS: Check out DB's workshop: "Building A Profitable Online Sexual Health Brand" SEASON 14 TEAM: Creator, Host & Executive Producer: Danielle Bezalel (DB) (she/her); Producer and Growth Marketing Manager: Wil Williams (they/them); Social Media & Communications Manager: Iva Markicevic Daley (she/her) MUSIC: Intro theme music: Hook Sounds; Background music: Bright State by Ketsa; Ad music: Soul Sync by Ketsa, Always Faithful by Ketsa, and Soul Epic by Ketsa.; Thank you Ketsa!

Spring Cleaning – Minnesota WildThe Minnesota Wild took an important step forward during the 2025-26 season, finishing third in the Central Division and winning their first playoff series in 11 years. After defeating the Dallas Stars in six games, Minnesota's run ended against the Colorado Avalanche in the second round as several major injuries weakened the lineup. Neil Smith and Vic Morren examine the impact of the Quinn Hughes trade, the emergence of Jesper Wallstedt, and the offseason decisions facing General Manager Bill Guerin as the Wild attempt to move from playoff team to legitimate Stanley Cup contender.IN THIS EPISODE:[00:00:00] The Wild finish third in the Central Division before defeating Dallas in the opening round and falling to Colorado in five games. Neil and Vic discuss how injuries to Joel Eriksson Ek, Jonas Brodin, and Zach Bogosian significantly affected Minnesota's chances against the Avalanche.[00:00:45] Minnesota's elimination includes a painful collapse in Game 5 after surrendering a late two-goal lead. Despite the disappointment, Neil believes the season represented meaningful progress for an organization that had not advanced beyond the first round in more than a decade.[00:01:00] The panel revisits the modest expectations surrounding the Wild entering the season. A quiet 2025 offseason featured the acquisition of Vladimir Tarasenko and the signing of Nico Sturm, while the organization continued carrying a reduced salary-cap penalty from the Zach Parise and Ryan Suter buyouts.[00:02:00] Kirill Kaprizov's massive contract extension becomes one of the season's defining stories. His new deal begins next season at $17 million annually, placing him among the highest-paid players in NHL history and increasing the pressure on Minnesota to build a championship-level roster around him.[00:02:30] The December acquisition of Quinn Hughes dramatically changes the Wild's outlook. Neil describes Hughes as one of the NHL's elite defensemen and credits his arrival with helping transform Minnesota from a potential Wild Card team into one of the Central Division's strongest clubs.[00:03:00] After beginning the season 3-6-3, the Wild respond with a 10-0-2 run in November that includes seven consecutive victories. Additional winning streaks throughout the season solidify their place alongside Colorado and Dallas near the top of the division.[00:04:00] Neil and Vic also examine Winnipeg's unexpected decline and how it created an opening for Minnesota. While the Jets were expected to remain one of the Central's dominant teams, their regression allowed the Wild to move firmly into the division's top three.[00:04:30] Minnesota's statistical improvement is reviewed. The Wild score 44 more goals than the previous season, improve their goal differential from minus-11 to plus-32, climb to second on the power play, and move from 30th to 13th in penalty killing.[00:05:00] Rookie goaltender Jesper Wallstedt emerges as one of the NHL's best young players, finishing second in the league in save percentage while recording four shutouts. Kirill Kaprizov scores 45 goals, Matt Boldy adds 42, and Brock Faber reaches career highs with 15 goals and 51 points.[00:06:00] The discussion highlights Minnesota's impressive young foundation. Wallstedt, Kaprizov, Boldy, Faber, and Hughes give the Wild elite talent at every major position and provide legitimate reasons to believe the club can remain among the NHL's top teams for years.[00:07:00] Bill Guerin enters the offseason with only five selections in the 2026 NHL Draft. Minnesota does not own a first-round pick after the Hughes trade, has no second-round selection following the Gustav Nyquist deal, and also lacks a seventh-round pick.[00:07:45] The Wild have limited projected cap space and an aging unrestricted free agent class. Nick Foligno, Mats Zuccarello, Marcus Johansson, Vladimir Tarasenko, Michael McCarron, Robby Fabbri, Jeff Petry, and Zach Bogosian are all eligible to reach the open market.[00:08:30] Neil identifies Zuccarello and McCarron as two veterans Minnesota should strongly consider retaining. Zuccarello remains an important offensive contributor despite his age, while McCarron adds size, toughness, and valuable depth down the middle.[00:09:00] Restricted free agents Bobby Brink and Damon Hunt also require new contracts. Meanwhile, Filip Gustavsson's offseason hip surgery creates another goaltending storyline after Wallstedt overtook him as Minnesota's primary option during the playoffs.[00:10:00] The episode concludes with optimism surrounding the Wild's future. Unlike previous seasons when simply making the playoffs was the goal, Minnesota now possesses the talent and foundation to expect postseason qualification and focus on how high it can climb in the standings.

Irish writer Doireann Ní Ghríofa on turning archival fragments into living narrative, writing across the borders of genre, and giving voice to the forgotten lives of women committed to a Victorian asylum. You'll learn Why the greatest gatekeeper between a writer and the page is often the writer themselves. How a single word buried in clinical notes can become a bridge to a silenced voice. What poetry can teach prose writers about immediacy and the shock of a strong opening. The case for pointing at the gaps in the record rather than papering over them. When a fleeting curiosity is worth following, and what happens once you treat it as real. How third person can give a writer just enough distance to keep going. A sense of fidelity to the reader you imagine standing at your shoulder. How the drowsy space between sleep and waking can become an engine for ideas. The ethics of using real names, and the difference between the dead and the long dead. How the act of leaving things out turns even “fact” into a story. Resources & Links Said the Dead by Doireann Ní Ghríofa A Ghost in the Throat by Doireann Ní Ghríofa About Doireann Ní Ghríofa Doireann Ní Ghríofa is an Irish writer devoted to exploring how the past makes itself felt within the present. 'A Ghost in the Throat' finds an 18th century poet haunting a young mother, leading her through visions of blood, milk, lust, and murder. Written on the roof of a multi-storey car park in Ireland, it went on to be described as "powerful" (New York Times), "captivatingly original" (The Observer), and a "masterpiece" (Sunday Business Post). 'A Ghost in the Throat' won the James Tait Black Prize and was voted overall Book of the Year at the Irish Book Awards, while the US edition was a finalist for the National Book Critics Circle Award and a New York Times Notable Book of the Year. It was translated into 20 further languages worldwide. Doireann is also the author of seven critically-acclaimed books of poetry, each a deepening exploration of birth, death, desire, and domesticity. Awards for her writing include a Lannan Literary Fellowship (USA), the Ostana Prize (Italy), a Seamus Heaney Fellowship, and the Rooney Prize for Irish Literature, among others. Her new book, Said the Dead, distils hundreds of hours of archival research into a polyphonic portrayal of a single institution — a derelict Victorian asylum in Cork, and the women once committed within its walls. For show notes, transcripts and to attend our live podcasts visit: podcast.londonwriterssalon.com.For free writing sessions, join free Writers' Hours: writershour.com.*FOLLOW LONDON WRITERS' SALONTwitter: twitter.com/​​WritersSalonInstagram: instagram.com/londonwriterssalonFacebook: facebook.com/LondonWritersSalonIf you're enjoying this show, please rate and review this show!

The biggest secrets of Spider-Noir are finally revealed!In Episodes 5 & 6, we finally learn the truth behind Ben Reilly's origin as the Spider, uncover the shocking connection to his time as a World War I prisoner, and watch as Cat Hardy makes a heartbreaking decision that changes everything. As Silvermane closes in and Dr. Faber's terrifying experiments come to light, the series takes a darker turn with major character deaths, explosive action, and some of the highest stakes yet.In this review, we break down Ben's origin story, Cat's betrayal, the shocking laboratory showdown, the growing metahuman conspiracy, standout performances, comic book connections, and where we think the final episodes are headed.Did these episodes raise the bar for Spider-Noir? Let us know your thoughts in the comments!

In this episode of The Writing Life Podcast, debut novelist Jem Calder shares insights into developing the complex central relationship in his novel, I Want You to Be Happy – a sharp-eyed tale of two people searching for meaning and connection in modern times, missing the mark maybe, but trying.   Jem Calder was born in Cambridge, and lives and works in London. His fiction has been published in The Stinging Fly and Granta, and his debut short story collection, Reward System, was published by Faber in 2022. I Want You to Be Happy is his debut novel.   He sat down with NCW's Lucy May to discuss his approach to crafting the novel's relationship, from shaping two distinct characters to exploring the dynamic that unfolds between them. Their conversation also covers writing with the reader in mind, the appeal of writing about writers, and his advice for creating convincing relationships in fiction.

Meb Faber, chief executive and chief investment officer at Cambria Investments, says that large-cap domestic stocks have done so well that it has masked the rise of the rest of the investment ecosystem, but now that he expects recent good times to be balanced out by tougher stretches ahead for the Standard & Poor's 500, investors will want to take advantage of small-cap stocks, foreign stocks and more. That's good preparation for bear markets, and Faber makes it clear that downturns are a feature of the market, something that will come around again. Faber — who will return to Wednesday's show to discuss his new book, "Investing in America: The Rise of a 250-Year Bull Market" — says the trend remains "all signs green" for the market currently, but he says investors should be watching for change. Willie Delwiche, investment strategist at Hi Mount Research, says that the best environment for the stock market isn't falling rates, but rather rates that aren't moving. That positions the stock market to be in a "boring" and "quiet" environment where it can keep riding technicals which Delwiche describes as being "in pretty good shape" right now, with all 11 sectors of the S&P 500 above their long-term moving averages and more stocks making new highs than are making new lows. Those patterns are creating "strength beneath the surface" that he says can power the market higher. David Miller, co-founder of Catalyst Mutual Funds talks about insider buying as an indicator of corporate strength, monopoly and oligopoly positions as a way to play developing technologies and more in a wide-ranging Money Life Market Call.

Preacher: Jason Faber

China may no longer be the engine of global economic growth, but Marc Faber says dismissing the country would be a mistake. He explains why China's property downturn and demographic challenges are real, yet argues its leadership in manufacturing, robotics, EVs, and innovation puts it well ahead of much of the West. Faber also discusses why Hong Kong remains an attractive way to gain exposure to China's long-term growth story and what investors continue to misunderstand about the country's economic future

Dr. Marc Faber, CEO & Founder of Edge Dental Management joins the show for his second appearance. Dr. Faber discusses: How Edge leverages clinical efficiency to create successful practices NYC's newest dental school: Yeshiva University College of Dental Medicine  Using solutions like Isolite for efficiency & patient satisfaction More To learn more about Isolite Systems visit: https://www.zyris.com/ To learn more about Yeshiva Unversity's 3 year dental education program visit: https://www.dental.yu.edu/ If you'd like to connect with Dr. Marc Faber you can find him on LinkedIn: https://www.linkedin.com/in/marc-faber-a63706196/ Subscribe to our channel for more episodes and stay updated on the latest DSO news, insights, and events! If you like our podcast, please give us a ⭐⭐⭐⭐⭐ review on iTunes https://apple.co/2Nejsfa and a Thumbs Up on YouTube.

Preacher: Jason Faber

Slowly sinking into the sea filled with arrows This week on the podcast, Brian and Darryl are talking toys, traps, webs, and dragons. Darryl gives a two-minute quick recap of Toy Story 5, the guys dig into Ready or Not 2: Here I Come, wrap up more noir weirdness with Spider-Noir, and return to Westeros for the fiery season premiere of House of the Dragon. Episode Index Intro: 0:07 Toy Story 5: 7:54 Ready or Not 2: Here I Come: 13:57 Spider-Noir: 30:00 House of the Dragon: 47:07 Toy Story 5 Release Date: June 19, 2026 Runtime: 102 minutes Director: Andrew Stanton Co-Director: Kenna Harris Writers: Andrew Stanton and Kenna Harris Story By: Andrew Stanton Studio: Pixar Animation Studios Distributor: Walt Disney Studios Motion Pictures Summary: The toys are back, but this time playtime has a new enemy: technology. Woody, Buzz, Jessie, and the rest of the gang find themselves challenged by Lilypad, a frog-themed smart tablet that pulls Bonnie's attention away from the toys and forces them to confront whether old-school imagination can survive in a screen-first world. Darryl gives the quick two-minute recap, but the big question is simple: does Pixar still have the emotional pull, or is this franchise finally running on low battery? Main Voice Cast: Tom Hanks as Woody Tim Allen as Buzz Lightyear Joan Cusack as Jessie Greta Lee as Lilypad Conan O'Brien as Smarty Pants Tony Hale Craig Robinson Shelby Rabara Mykal-Michelle Harris Matty Matheson John Ratzenberger Wallace Shawn Annie Potts Keanu Reeves Alan Cumming Production Notes: Toy Story 5 is directed by longtime Pixar veteran Andrew Stanton, co-directed by Kenna Harris, and scored by Randy Newman, returning to the franchise for his fifth Toy Story feature. The film's big hook is “Toy meets Tech,” using a tablet character as the new threat to traditional play. Rating Out of 10, Still Falling with Style After All These Years Brian: DNW Darryl: 6.3/10 Ready or Not 2: Here I Come Release Date: March 20, 2026 Runtime: 108 minutes Directors: Matt Bettinelli-Olpin and Tyler Gillett Writers: Guy Busick and R. Christopher Murphy Studios: Vinson Films, Mythology Entertainment, and Radio Silence Distributor: Searchlight Pictures Summary: Moments after surviving the nightmare of the Le Domas family, Grace discovers that the game was never really over. This time, she is pulled into a larger and even more dangerous power structure, with her estranged sister Faith dragged into the chaos beside her. Grace has one chance to survive, keep Faith alive, and claim the High Seat of a shadowy council that controls the world, while four rival families hunt her for the throne. Main Cast: Samara Weaving as Grace MacCaullay Kathryn Newton as Faith MacCaullay Sarah Michelle Gellar as Ursula Danforth Shawn Hatosy as Titus Danforth Néstor Carbonell as Ignacio El Caido David Cronenberg as Chester Danforth Elijah Wood as the Lawyer Kevin Durand as Bill Wilkinson Olivia Cheng as Wan Chen Xing Varun Saranga as Madhu Rajan Daniel Beirne as Kip Danforth Production Notes: Ready or Not 2: Here I Come reunites directors Matt Bettinelli-Olpin and Tyler Gillett with writers Guy Busick and R. Christopher Murphy, expanding the original film's class-war horror-comedy into a bigger, bloodier mythology of wealthy families, ritual games, and supernatural power. Rating Out of 10, Two Sisters Take on the Devil and His Minions with the Power of Spite Brian: 6.66/10 Darryl: 6/10 Spider-Noir (Prime Video) Spider-Noir, Episodes 7 and 8 Episode 7 Title: Nobody's Hero Episode 8 Title: Finale title not yet confirmed in available listings Release Window: Season 1 released in 2026 Creator: Oren Uziel Developed By: Oren Uziel and Steve Lightfoot Episode 7 Writer: Bruce Marshall Romans Episode 8 Writer: Oren Uziel Summary: As Spider-Noir heads into its final stretch, Ben Reilly is stuck between the life he wants to escape and the role the city still needs him to play. The penultimate episode pushes Ben into an identity crisis after his encounter with Dr. Faber, while Silvermane's superhuman muscle keeps escalating the war for the city. The finale brings the season's private-eye mystery, superhero guilt, gangster politics, and full-blown noir weirdness to a head. Main Cast: Nicolas Cage as Ben Reilly / The Spider Lamorne Morris as Robbie Robertson Li Jun Li Karen Rodriguez Abraham Popoola Jack Huston Brendan Gleeson Production Notes: Spider-Noir is an eight-episode live-action noir superhero series built around an older, down-on-his-luck private investigator in 1930s New York who has to confront his past as the city's masked vigilante. The show was developed by Oren Uziel and Steve Lightfoot, with Harry Bradbeer directing the first two episodes and executive producing. Out of 10, A Drunk Spider is Decidedly NOT Falling Down the Water Spout Brian: 7.5/10 Darryl: 7.8/10 Season out of 10, No Antidote for This Spider! Brian: 7/10 Darryl: 8/10 House of the Dragon (HBO / Max) House of the Dragon, Season 3 Episode 1 Title: Salt and Sea, Fire and Blood Air date: June 21, 2026 Director: Loni Peristere Writers: Ryan J. Condal and Shyam Popat Based On: Fire & Blood by George R.R. Martin Summary: Season 3 opens with the Dance of the Dragons fully igniting. Rhaenyra weighs Alicent's offer while the Triarchy launches its attack in the Gullet, forcing dragons, fleets, and family loyalties into open war. The episode centers on the brutal Battle of the Gullet, as Corlys, Alyn, Jace, Baela, Rhaena, and the dragons are pulled into a fight that quickly spins out of control. It is a massive, tragic return that reminds everyone in Westeros that when dragons go to war, nobody gets to walk away clean. Main Cast: Emma D'Arcy as Queen Rhaenyra Targaryen Matt Smith as Prince Daemon Targaryen Olivia Cooke as Queen Alicent Hightower Tom Glynn-Carney as King Aegon II Targaryen Ewan Mitchell as Prince Aemond Targaryen Steve Toussaint as Lord Corlys Velaryon Fabien Frankel as Ser Criston Cole Matthew Needham as Lord Larys Strong Sonoya Mizuno as Mysaria Harry Collett as Prince Jacaerys Velaryon Bethany Antonia as Lady Baela Targaryen Phoebe Campbell as Lady Rhaena Targaryen Abubakar Salim as Alyn of Hull Clinton Liberty as Addam of Hull Rhys Ifans as Ser Otto Hightower Production Notes: House of the Dragon Season 3 continues the Targaryen civil war known as the Dance of the Dragons. The season is set to run eight episodes, with Ryan Condal continuing as showrunner and the series adapting material from George R.R. Martin's Fire & Blood. Rating Out of 5, Sheepstealer is a Real Dickhead Brian: 4.11/5 Darryl: 3.8/5 Contact Us The Infamous Podcast can be found wherever podcasts are found on the Interwebs, feel free to subscribe and follow along on social media. And don't be shy about helping out the show with a 5-star review on Apple Podcasts to help us move up in the ratings. @infamouspodcast facebook/infamouspodcast instagram/infamouspodcast stitcher Apple Podcasts Spotify Google Play iHeart Radio contact@infamouspodcast.com Our theme music is ‘Skate Beat’ provided by Michael Henry, with additional music provided by Michael Henry. Find more at MeetMichaelHenry.com. The Infamous Podcast is hosted by Brian Tudor and Darryl Jasper, is recorded in Cincinnati, Ohio. The show is produced and edited by Brian Tudor. Subscribe today!

Marc Faber, editor of the Gloom, Boom & Doom Report, joins Maggie Lake to discuss why he believes markets are approaching a major top, why the AI investment boom may create far fewer winners than investors expect, and why the United States is heading toward a fiscal crisis. Faber explains why he sees financial assets as dangerously overvalued, why inflation may remain stubbornly elevated, and why policymakers are increasingly trapped by rising debt and deficits. He also shares his outlook for stocks, bonds, gold, housing, China, and the global economy. In this interview: -Why Marc Faber believes a major market top is forming -The biggest risks facing investors today -Why the AI boom could follow the path of past investment manias -The growing U.S. debt and fiscal challenge -Inflation, interest rates, and the Fed's dilemma -Gold, bonds, housing, and where he's investing now -China's technological rise and what investors are missing

Faber, Annegret www.deutschlandfunk.de, Forschung aktuell

Preacher: Jason Faber

Dass Insektenpopulationen einen drastischen Rückgang erleben, ist bekannt, doch mangelte es an bezahlbaren Erfassungen. Mit automatisierten Kamerafallen und künstlicher Intelligenz soll sich das ändern – Nachtfalter stehen dabei im Fokus. Faber, Annegret www.deutschlandfunk.de, Forschung aktuell

DAMIONCarnival Corporation's data breach exposed personal data of nearly 6 million customers: An April social engineering attack on an employee account compromised names, dates of birth, and government-issued ID numbers. WHO DO YOU BLAMESkills: Technology & Cybersecurity: Experience with information technology and cybersecurity matters is increasingly important to mitigate the risks our business faces, promote innovation and maintain a competitive edge in a rapidly evolving technological ageLeast represented 5/11CEO Josh WeinsteinNO: at Carnival since 2002, started as General CounselSir Johathon BandNO: First Sea Lord and Chief of Naval Staff, the most senior officer position in the British Navy (2006 to 2009, when he retired); Admiral and Commander-in-Chief Fleet (2002 to 2006); Served as a naval officer in increasing positions of authority (1967 to 2002)Jason CahillyNO: CEO Dragon Group LLC, provides capital and business management consulting and advisory services worldwide; The NBA: CFO & Chief Strategic Officer; Goldman Sachs: Partner; Global Co-Head of Media and Telecommunications; Head of Principal Investing for Technology, Media & TelecommunicationsNelda ConnorsNO: CEO/Chair Pine Grove Holdings, a privately held investment company; CEO Atkore International, manufacturer of electrical, safety and infrastructure solutions; VP Eaton Corporation, electrical and automotive supplierLaura WeilNO: Founder Village Lane Advisory LLC, specializes in providing executive and strategic consulting services to retailers COO New York & Company, women's apparel and accessories retailer; CEO Ashley Stewart, women's apparel retailer; CEO Urban Brands, apparel retailer; COO AnnTaylor Stores, women's apparel retailer; CFO American Eagle Outfitters, apparel retailerAudit Committee: Oversee management's risk assessment processes to identify principal and emerging risks, including financial, IT, cybersecurity and non-HESS operational risksLaura Weil*: NOJason Cahilly: NOJeffrey Gearhart: NOWalmart Corporate Secretary and lawyerStuart Subotnick: NOCEO at Metromedia Company, wireless/communications, until 2010; Carnival director since 1987 Health, Environmental, Safety and Security Committee: Oversee management's processes to identify principal and emerging health, environmental, safety, security and sustainability-related risks, including those related to ship operations and cybersecurity, RAAS health, environmental, safety, security audits, IAG and external investigations into significant ship incidents, and health, environmental, safety, security-related hotline complaints, and assess the steps management has taken to minimize such risks.Sir Johathon Band*: NONelda Connors: NOHelen Deeble: NOFormer CEO P&O Ferries Division Holdings, shipping and logistics businessKatie Lahey: NOExecutive Chair Korn Ferry Australasia, leadership and talent firmMicky Arison (75%): Exec Chair and former CEO and 7% stockholderThe CEO Pay Ratio1,063:124 retail CEOs made as much in a day as their typical employee earned in a year — and a big one didn't. WHO DO YOU BLAMEThe separation of CEO and Chair: Hamilton E. James Chair/Ron Vachris MMNot uniqueOnly 50% of the board is men. WTF?uniqueOne share = one voteNot uniqueState of HQ = WashingtonAlso StarbucksState of Inc = WashingtonAlso StarbucksPledge of allegiance to stakeholdersCostco generally has: Higher wages; Better benefits; Lower turnover; Higher sales per employee.Industry-leading employee compensation AND Self-imposed low-margin pricing philosophyWalmart only low-margin pricingOther comps:Todd Vasos of Dollar General, Shane O'Kelly of AutoZone, Gerald Morgan of Texas Roadhouse, Jack Sinclair of Sprouts Farmers Market, William Stengel of Genuine Parts Company, Michael Creedon of Dollar Tree, Ronald Sargent of Kroger, Lauren Hobart of Dick's Sporting Goods, Joshua Kobza of Restaurant Brands Inc., Kecia Steelman of Ulta Beauty, Scott Boatwright of Chipotle, Ted Decker of Home Depot, Bob Eddy of BJ's Wholesale Club, Corie Barry of Best Buy, James Conroy of Ross Stores, Chris Turner and David Gibbs of Yum Brands, Chris Kempczinski of McDonald's, Marvin Ellison of Lowe's, Brian Cornell of Target, Ernie Herrman of TJX Companies, Doug McMillon of Walmart, Brian Niccol of Starbucks, Hal Lawton of Tractor Supply Co, Laura Alber of Williams-SonomaFigma Gets an Activist Investor. Exhibit A on Why Companies Don't Want to Go Public. Figma's first year as a public company hasn't gone well. Findell Capital Management said it needs to take steps to shed its unwarranted reputation as an artificial-intelligence “loser.” WHO DO YOU BLAME?Figma founder and CEO Dylan Field: Owns 10% of shares but 72% of voting power: Class B shares worth 15 votes per shareDylan owns 158 Class A Shares (or 0.00003556% of 444,278,887)And Chair$5B net worth$865M total summary compensation in 2025; $91M in 2024Nominating Agreement:Figma must nominate Dylan Field to be a director and include him in the proxy statementThe company must use its resources to back him up and actively convince other shareholders to vote for him In response to a question about how he was going to change the world, Dylan said he was going to build better software for drones.Bro fest sausage party2 of 9 directors are womenTop 5 NEOs all dudesPeter ThielForced Dylan to drop out of Brown for a dumb fellowshipVC Blowhardiness on the BoardVC dude John Lilly (Greylock): Lead Independent Director2nd longest tenure (2014)Member of the Audit Committee; Member of the Nominating Committee (only Lilly and Rimer)VC dude Andrew Reed (Sequoia)Director at debt-maker Klarna Group (also way down since IPO): down roughly 54% from its initial $40.00 IPO price, and down nearly 68% from its all-time highMember of the Compensation Committee (which modeled Dylan's pay package after Elon Musk)VC dude Danny Rimer (Index Ventures)Director since 2014B.A. in History and Literature from HarvardMember of the Compensation Committee (which modeled Dylan's pay package after Elon Musk)Member of the Nominating Committee (only Lilly and Rimer)Luis von AhnDuolingo co-founder and CEO2025: shared an internal email outlining Duolingo's new "AI-first" strategy where Duolingo would “gradually stop using contractors to do work that AI can handle”Stated that "AI is a better teacher than humans" and that the future role of teachers would be reduced to providing "childcare."Blamed the controversy on a "lack of context" in his original statements"AI-First" memo goes viral: $389; today $118MATTDanone, Starbucks shine in methane-reduction rankingDanone is the only company in the group aligned with the Global Methane Pledge, an initiative backed by 150 countries that targets a 30 percent reduction in global levels of the gas by 2030. The French multinational also leads the pack in progress toward its target, having come close to hitting it five years ahead of schedule.WHO DO YOU CREDIT?Chair of the CSR committee Lise Kingo (9% influence), one of three directors tagged as merit directorsmaster's degree in Responsibility & Business from the University of Bathbachelor degrees in Religions and Ancient Greek Artbachelor's degree in Marketing and Economicscertificate as International Director from INSEADEx Novo Nordisk environmental affairs, internal audit, compliance, human resources, communication, branding and sustainabilityHelped create the UN SDGs and the UN Global CompactSomehow only bats 559 on carbon intensity (career) and 415 for scope 1/2 (career)Also, using deference metrics, the ONLY DIRECTOR tagged as fully independentEmployee rep member of the CSR committee Bettina Theissig (5% influence) and the employees of DanoneThe committee charter mandates employees get a say: At least two thirds of the CSR Committee must be independent, as defined by the AFEP-MEDEF Code. At least one Director representing employees must be a member of the Committee.In France (Danone's domicile), the European Investment Bank found that French employees were the most aware of environmental issues - 82% of French employees said they were highly concerned about environmental issues, highest in EuropeLead Independent Director and chair of the Nom/comp committee who put together the comp plan, Valerie Chapoulaud-Floquet15% influence, second to the 18% influence CEO (democracy!!), got 99.16% shareholder approval in April (even as CEO got 89.73% approval and pay got 93.19% approval)20% of short-term pay and 30% of long-term pay is based on hitting sustainability targetsWhen you pay a CEO to do a thing, they are more likely to do a thingEx-CEO Emmanuel FaberOusted in 2021 by the board of directors and activist investors, he transformed Danone into an “enterprise a mission” (a French version of a B corp)Investors voted 99% in favor of the move and a year later ousted Faber, the board resigned, and the new board and CEO are basically moving back towards being environmental leaders because it paid offShort term share price laggedHe said in 2024 that nature is “at the core” of Danone, It took the stock 3 years from Faber's ousting to return to Faber levels - and in the meantime, they were sued for plastics and emissionsIsn't this HIS win?Current CEO Antoine de Saint-AffriqueBecause CEOGM Board Director Jonathan McNeill Stepping DownCEO of DVx Ventures. Ex COO at Lyft Inc. and ex president, Global Sales, Delivery and Service at Tesla, current director at Lululemon, GM director since 2022, on the Governance and Corporate Responsibility committee and Risk and Cybersecurity committee.We know that half of boards on average think someone on the board should be replaced - did the GM board not like McNeill?WHO/WHAT WOULD WE BLAME FOR PUSHING MCNEILL OUT?Outsider dude bro DRLet's be honest, McNeill worked at much more… modern?... companies than GMThe board is OLD SCHOOL - ex Northrop Grumman, ex Visa, ex Lazard, ex HP, ex eBay, ex Novartis, ex Walmart, other directorships at Goldman, Huntsman, P&G… these are professional, insular boardsMeanwhile, he's investing as a VC in AI, other auto/mobility startups, comes from boards that are bro founder lead (Tesla, Lyft) He's invested in AI, crypto, heavy tech, intertwined with VCs all overNot deferential enoughBarra is connected to 94% - THE ENTIRE - boardMcNeill has the highest network power on the board at $9tn, higher than even Mary Barra (who is super connected), but is NOT a power player in the board community of GM - the dominant board communities for GM are massive blue chip US companies, where McNeill has deeper connections in smaller IT/tech focused companiesHe doesn't need the pay, he gets nothing for the connections really, he has connection to Barra but his network is different - was he too independent?Pissed he doesn't have enough influence McNeill has the LOWEST influence on the GM board at 4%He's relatively new, younger, working as a VC where you have a lot of power of capital allocation“I don't need this shit” effect?Too many womenMcNeill's dvX ventures portfolio team is 6 dudes and 1 womendvX entire operations staff is two woman - guess what they do“Chief of Staff” (ie, HR)Executive Assistant (yes, listed on the team)Board is 2 women, 3 men (McNeill not on board)This one seems unlikely I guess?Too busy, meh, move onOne of dvX portfolio companies is curbee, with GM Ventures' Kurt Baumgarten on the board (and the dvX co-founder is founder of Curbee)McNeill on at least 3 of his portfolio boards or advisory committees, plus LULU and GM…

Preacher: Jason Faber

Carl Quintanilla, Jim Cramer and David Faber discussed the AI trade: Nvidia enters the PC space by unveiling a new N1X processor. The announcement gave a boost to shares of Microsoft, Dell, HP and Arm — while putting pressure on the stocks of Intel, AMD and Qualcomm. SoftBank CEO Masayoshi Son spoke to CNBC in Paris about the company's plan to invest more than $80 billion in data centers in France. At Stargate's data center in Michigan, David previewed his exclusive interviews with OpenAI CEO Sam Altman, Oracle CEO Clay Magouyrk and Related Digital Chairman Jeff Blau: Also in focus: Barry Diller's $18 billion bid to acquire MGM Resorts, Berkshire Hathaway buys Taylor Morrison for $6.8 billion, U.S.-Iran tensions weigh on stocks.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the debut episode of Editions, a podcast from Shakespeare and Company and Faber, literary director Adam Biles and Faber Editions curator Ella Griffiths are joined by novelist and performer Taìno Mendez to discuss Ladies of the Rachmaninoff Eyes by Henry Van Dyke, the twentieth title in the Faber Editions imprint.Published in 1965 and long out of print, the novel follows Oliver, a Black teenager spending a final summer before college in the eccentric Michigan household of his wealthy patron Etta Klein and his aunt Harriet. Witty, camp, and shot through with tragedy, it defies easy categorisation; a drawing-room satire, a coming-of-age story, and a quietly radical work of civil rights era fiction.The conversation covers the novel's Wildean wit, its oblique engagement with race and queerness, the role of photographer Carl Van Vechten in the Harlem Renaissance, and what it means to write against expectation.Buy Ladies of the Rachmaninoff EyesUK: https://www.faber.co.uk/product/9780571391783-ladies-of-the-rachmaninoff-eyes-faber-editions/Rest of World: https://www.shakespeareandcompany.com/books/ladies-of-the-rachmaninoff-eyes-faber-editionsBuy Rainbow Milk: https://www.shakespeareandcompany.com/books/rainbow-milkSign up to Faber's Heritage Subscription, featuring all Faber Editions titles: Subscribers get a book in the post each month for just £9 alongside a curated email with exclusive extra content about the book and its author.https://tr.ee/DsDYp5Books & Authors DiscussedThe Daring Young Man on the Flying Trapeze — William Saroyan (foreword by Stephen Fry)Mrs Caliban — Rachel IngallsPalace of the Peacock — Wilson HarrisOmeros — Derek WalcottThe Flower Beneath the Foot — Ronald FirbankSorrow in Sunlight (retitled Prancing N-) — Ronald FirbankGo Tell It on the Mountain — James BaldwinGiovanni's Room — James BaldwinAnother Country — James BaldwinÀ rebours (Against Nature) — Joris-Karl HuysmansEn rade (Stranded) — Joris-Karl HuysmansCheckout 19 — Claire-Louise BennettRainbow Milk — Taìno MendezUlysses — James Joyce Works by Ivy Compton-Burnett, Brigid Brophy and Iris Murdoch also mentionedIllusions— Ruth Lehmann (upcoming Faber Editions title, discussed with Megan Nolan on our next podcast episode)Films/TV Shows DiscussedGet Out — dir. Jordan PeeleLovers Rock — dir. Steve McQueenThe Defiant Ones — starring Sidney PoitierPlaytime — dir. Jacques TatiSeveranceBiosTaíno Mendez is a novelist based in the southern English town of Margate. Their first novel, Rainbow Milk, was an Observer Top Ten Best Debuts choice for 2020 and widely named as one of the best novels of the year, being shortlisted for a British Book Award and for the Jhalak Prize, Polari Prize and Gordon Burn Prize. Their non-fiction has been published in a variety of outlets including the WritersMosaic, the London Review of Books, Esquire, the Guardian and British Vogue. They are currently working on their second novel. Ella Griffiths is Faber's Head of Classics & HeritageAdam Biles is Literary Director at Shakespeare and CompanyListen to Alex FreimanSpotify: https://open.spotify.com/artist/3dbKbpFyqPbklwEdeLYYZR?si=Q5vy9KkRTrqf1BqU1v33cgInsta : @alex.guitarfreiman Hosted on Acast. See acast.com/privacy for more information.

Faber, Annegret www.deutschlandfunk.de, Forschung aktuell

Preacher: Jason Faber

This episode continues our series on the aubade (a morning love song) with a dramatic turn. Larkin reinvents the tradition as waking to the fact that every new day brings a person one day closer to death. To see the tradition that Larkin reimagines, see our previous episode on John Donne, "The Sun Rising." For the text of Larkin's "Aubade" see the Poetry Foundation. For more on Larkin, see the Poetry Foundation. Thanks to Farrar, Straus, and Giroux, as well as Faber and Faber, for permission to read Larkin's "Aubade" for this episode. Photo by Barry Wilkinson/Radio Times via Getty Images

Incompetent individuals cannot recognize their own deficiencies because they lack the very expertise needed to do so. Dunning-Kruger lives on… So many people confidently discussing a subject they know little about, while dismissing experts. The big boys have reported ! Powell’s Last speech – and a divided Fed. Inflation – via the PCE is hot. Our guest, Meb Faber co-founder and the Chief Investment Officer of Cambria Investment Management. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology. Meb spends most of his free time skiing, learning to surf, and traveling. And because he gets this question daily, Mebane is Southern (US), and rhymes with “web-in”.   Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (AMZN), (META), (AAPL), (NVDA), (SNDK), (OIL), (GOOG)

Kirsten Krull joins Judd and AJ to share thoughts following the weekend that saw the Wild even the series against the Stars at 2-2. The trio discuss goaltending, the play of Faber and Boldy, whether there's actually an advantage for the Wild at 5v5, and if the Kirill Kaprizov criticism is warranted this series.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.