In episode 183 we welcome our guest, Ben Inker. Ben and Meb start the conversation with a chat about Ben’s thoughts on markets which include the overriding theme that non-us markets are currently presenting opportunity for investors.
Next, Meb asks Ben to get into his thoughts on current valuations and Ben walks through some ideas on high valuations for US stocks and reduced forward looking returns. On the subject of valuations, the pair then discusses interest rates and monetary policy. Ben follows that with an interesting paper he wrote that explored how high profitability has skewed toward large capitalization companies.
Ben expands on his thinking about valuations and markets outside the US, the past decade being the worst for value stocks, and being excited about opportunities like emerging market value stocks. He goes further in his discussion by getting into a concept he credits Robert Shiller with, clairvoyant fair value of a stock market, and shares that two pieces of information are critical, the starting valuation of the markets, and the return on capital.
As the conversation winds down, Ben and Meb discuss GMO’s benchmark free allocation strategy, and investing with the goal of making absolute money and worrying about absolute risk.
All this and more in episode 183, including Ben’s thoughts on hedging currency risk and his most memorable investment.
Zach Coelius, Coelius Capital - I Like To Play Where It’s Still Qualitative | #348
Radio Show – Wes Gray & Patrick Cleary, Alpha Architect – All Things ETFs | #347
William Bernstein on The Delusions of Crowds | #346
Africa Startup Series – Dr. Abasi Ene-Obong, 54gene - There Really Hasn’t Been Human Genomics Infrastructure In Africa | #345
Jared Dillian, The Daily Dirtnap - The Cardinal Sin In Investing Is Selling Too Soon | #344
Dr. Nathan Myhrvold, Intellectual Ventures - Pizza In The United States Is What Convinced The World That Pizza Was A Great Thing | #343
Aaron Edelheit, Mindset Capital - The Best Investors Are Those That View It As A Game | #342
Lyle Fitterer, Baird Asset Management - You Could Even Argue That They’re Better Credits Than The Federal Government | #341
Michael Suffredini, Axiom Space - The Only Thing I Know How To Do Is Build And Operate A Space Station | #340
George Davis, Hotchkis & Wiley - We’re In Unchartered Territory Right Now | #339
Startup Series – Will Matthews, Fellow – Semen Quality Is The Canary In The Coal Mine To Overall Health | #338
Professor Richard Thaler, University of Chicago - When Somebody Would Fire Us, It Was Almost Always At Exactly The Wrong Time | #337
Hugh Thomas, Ugly Drinks - This Is The Result Of Two 23-Year Olds In A Pub In London Having A Couple Of Beers | #336
Thomas Eiden, Atomic Alchemy - There Is A Vast Shortage Of Man Made Radioactive Materials | #335
Peter Johnson, Jump Capital - What I Think About Most Of The Time Is What Crypto Is Going To Mean To The World | #334
Startup Series – Rob Forster, Wonderbird Spirits - Making Gin Is Truly An Art | #333
Mebisode – Journey to 100X | #332
Phil Nadel, Forefront Venture Partners - The Best Companies Are Founded By Folks Who Personally Feel The Pain Point | #331
Guillermo Cornejo, Riders Share - Riders Share Is Like An AirBnB, But For Renting Motorcycles | #330
Samantha McLemore, Miller Value Partners - We're In Optimism With Pockets Of Euphoria | #329
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast